Stock futures slump Russian troops take Europe''s largest nuclear plant; February jobs report in focus as Fed rate decision looms; oil prices surge on Russian nuclear attack, Iran deal concerns; Costco shares slide as supply chain pressures cloud solid q2 earnings and musk says UAW free to call union vote at Tesla''s California factory

Elon Musk''s Complicated History with Organized Labor

10:51am, Friday, 04'th Mar 2022 The Street
Elon Musk has had a contentious relationship with labor unions and so his invitation for the UAW to hold a unionization vote at Tesla was surprising to many.
[Panasonic plans to build a factory in the United States to supply 4680 batteries for Tesla] Panasonic is seeking to buy land in the United States to build a large factory to produce batteries for Tesla''s new electric vehicles, the Japanese broadcasting association (NHK) reported on Friday. Panasonic is reportedly considering spending billions of dollars to build a plant in Oklahoma or Kansas. The two states are close to Texas, where Tesla is preparing a new electric car factory and recently opened a new headquarters in Austin.
Japan’s Panasonic Corp (OTC: PCRFY ) is planning to build a large U.S. plant to produce a new type of electric vehicle battery for its key customer Tesla Inc (NASDAQ: TSLA ), Japanese state broadcaster NHK reported on Friday, citing unnamed sources. What Happened: Osaka-based Panasonic is looking for land in Oklahoma or Kansas and aims to pump in several billion dollars to mass-produce new high-capacity lithium-ion batteries, according to NHK. The Elon Musk -led company is close to starting operations at its recently constructed Giga Texas facility, which borders … Full story available on Benzinga.com

Tesla''s German factory will be put into production soon! Has been finally approved

08:21am, Friday, 04'th Mar 2022 Shanghai Metals Market News
Tesla''s German factory will be put into production soon! According to the German business newspaper (Handelsblatt), Tesla''s first European factory has received final approval from the environment department of the German state of Brandenburg. After completing some final approval steps, Tesla''s German factory is expected to start increasing production soon. Dietmar Woidke, governor of Brandenburg, will hold a press conference on March 4 local time.
Panasonic is reportedly planning to build a large battery cell factory in the United States to supply Tesla, according to a new report from Japan. The post Panasonic is planning a large battery cell factory in the US to supply Tesla’s demand, report says appeared first on Top Tech News .

Huawei’s competitor to Tesla electric cars to begin deliveries in China

07:49am, Friday, 04'th Mar 2022 Bitcoin Ethereum News
The post Huawei’s competitor to Tesla electric cars to begin deliveries in China appeared on BitcoinEthereumNews.com . Consumers check out Huawei’s first HarmonyOS car, the Aito M5, at a store in Hangzhou, Zhejiang Province, on Jan. 3, 2022. Future Publishing | Future Publishing | Getty Images BEIJING…

Panasonic plans new battery plant in U.S. to supply Tesla

07:18am, Friday, 04'th Mar 2022 PageOne Nigeria
Panasonic Corp is looking to purchase land in the United… The post Panasonic plans new battery plant in U.S. to supply Tesla appeared first on PageOne .
Indians can start trading in shares of eight US companies on the National Stock Exchange (NSE)’s International Financial Service Centre (IFSC) from March 3, between…

Panasonic plans U.S. battery plant to supply Tesla, NHK reports

06:17am, Friday, 04'th Mar 2022 The Japan Times
The Japanese electronics conglomerate is looking at sites in Oklahoma and Kansas to build the plant, the public broadcaster reported, citing an unidentified source.
The first electric car with Huawei''s HarmonyOS operating system is set to begin deliveries at a ceremony on Saturday in Shanghai.
Shares of U.S.-listed Chinese tech companies tumbled in Hong Kong on Friday, dragging the benchmark Hang Seng Index sharply lower, as investors assessed possible ripple effects from the escalating war between Russia and Ukraine. Stock Movement (+/-) Xpeng Inc. (NYSE: XPEV ) -12.4% Li Auto Inc. (NASDAQ: LI ) -9.7% JD.com Inc . (NASDAQ: JD ) -7.1% Baidu Inc. (NASDAQ: BIDU ) -5.8% Alibaba Group Holding Limited (NYSE: BABA ) -4.9% Tencent Holdings Limited (OTC: TCEHY ) -3.7% See Also: How To Buy Alibaba (BABA) Stock The Macro … Full story available on Benzinga.com

Japan''s Nikkei slumps to 15-month low as Ukraine crisis intensifies

04:42am, Friday, 04'th Mar 2022 Business Recorder
TOKYO: Japan''s Nikkei index hit a 15-month low on Friday as global markets remain on edge following reports of Europe''s largest nuclear power plant set on fire amid an intensifying war between Ukraine and Russian troops. The Nikkei index was down 2% at 26,055.49, as of 0212 GMT, after falling up to 3% earlier in the session to touch its lowest level since November 2020. The broader Topix slipped 1.51% to 1,853.42. The Nikkei lost 1.72% so far this week while the Topix is on course to end the week 1.28% lower. The Zaporizhzhia nuclear power plant in Ukraine, the largest of its kind in Europe, was on fire early on Friday after an attack by Russian troops, Dmytro Orlov, the mayor of the nearby town of Energodar, said in an online post. Early reports of the incident at the power plant sent financial markets in Asia spiralling, with stocks tumbling and oil prices surging further. "Investors were on the risk-off mood globally because of the news on the fire at the nuclear power plant. Japan''s Nikkei fell the most among other markets because investors used its liquidity and size for a risk hedge," said Chihiro Ohta at the investment research and investor services at SMBC Nikko Securities.
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