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Tesla rival starts production of new electric crossover SUV model

Competing with electric vehicle industry leader Tesla TSLA for deliveries has been a major challenge for all automakers in the EV market. Tesla led all EV makers with 435,059 vehicles delivered in the third quarter, though it missed analyst expectations of 455,000, and also produced about 430,000 in the quarter. The company has delivered about 1.3 million in the first nine months, while the company earlier projected it will deliver 1.8 million for the year.Related: A key Volkswagen executive lays out a game plan to beat Tesla Volkswagen reported that it had a 45% increase in deliveries in the first nine months of 2023 over the same period in the previous year for 531,500 all-electric vehicles delivered. It had 209,900 EV deliveries in the third quarter. Ford's F EV sales in the third quarter increased by a best-ever 14.8% with 20,962 vehicles sold. Competitor General Motors GM was close behind Ford with with 20,092 deliveries in the quarter. Stellantis STLA said it had a 37% increase in its deliveries for the third quarter. The company says it's on track to surpass 300,000 EV deliveries globally this year. Rivian RIVN delivered 15,564 in the third quarter for a 23% increase over the previous quarter. It only produced 7,000 vehicles in 2022 and delivered about 6,500. Polestar PSNYW delivered about 13,900 vehicles in the third quarter ending Sept. 30, or 50% year-over-year growth, and about 41,700 through the first nine months of the year for a 37% year-over-year growth, according to a company statement. The Gothenburg, Sweden, company said it expects to deliver 60,000 to 70,000 vehicles for 2023. Polestar has a new model going into production next week. Polestar Polestar revises business plan The company on Nov. 8 revealed a revised business plan prioritizing margin progression over volume, targeting a gross margin in the high teens and total annual volume of 155,000 to 165,000 vehicles in fiscal year 2025. To get to its ambitious margin and delivery goals, Polestar is rolling out new all-electric models over the next year and onward to provide the products necessary to generate sales. The Tesla rival has generated all those deliveries this year with only one model, its Polestar 2 fastback, which has a manufacturer's suggested retail price of $49,900, a range up to 320 miles and a charging time of 28 minutes. The vehicle accelerates from 0-60 miles per hour in 4.1 seconds. Polestar 2 was unveiled in 2019 and delivered in Europe in July 2020 and the U.S. in December 2020. Polestar 1, the company's first vehicle, was a plug-in hybrid that went into production in 2019 and was discontinued in late 2021, according to the Polestar website.Polestar has more EV models coming soon Polestar has high hopes of ramping up production and deliveries in the fourth quarter as it expects to begin production of its crossover SUV Polestar 4 next week and begin delivering the vehicle before the end of the year. The Polestar 3 electric SUV is expected to begin production in the first quarter of 2024. The company has said it plans to have five EV models by 2026. After establishing a lineup of the Polestar 2, 3 and 4, it says the Polestar 5 electric four-door GT and a Polestar 6 electric roadster "are coming soon."
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*Good news for bulls - Here's how the S&P 500 could soar to 4,700*

In this sneak peek from the Action Alerts PLUS investing club, futures and commodities broker Carley Garner explains how the market could soar higher into the end of 2023, if the S&P 500 can maintain this key level. Related: Analyst who forecast the S&P 500 correction has a new price targetFULL VIDEO TRANSCRIPT BELOW: Check back for a full video transcript.
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Good news for bulls - Here's how the S&P 500 could soar to 4,700

In this sneak peek from the Action Alerts PLUS investing club, futures and commodities broker Carley Garner explains how the market could soar higher into the end of 2023, if the S&P 500 can maintain this key level. Related: Analyst who forecast the S&P 500 correction has a new price targetFULL VIDEO TRANSCRIPT BELOW: Check back for a full video transcript.
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*A strange phenomenon is emerging in the bond market*

Futures and commodities broker Carley Garner stopped by the Action Alerts PLUS investing club to explain the strange phenomenon developing in the traditionally inverse relationship between stocks and bonds. Related: Like it or not, a wave of Treasury short-term debt issuance is comingFULL VIDEO TRANSCRIPT BELOW: J.D. DURKIN: OK. Let me ask you about bond yields here. The 10 year of, course in, particular, been such a focus for the last several weeks and months. Let's talk about the relationship between stocks and bonds for our members. Typically, bonds go down, stocks go up, or vice versa. Is this still a pattern to expect? Or are we kind of in this whole new world where maybe it's a little more difficult to try and figure out how some of these typical metrics play themselves out? CARLEY GARNER: Right. Well, that's exactly what they taught us in finance 101 while we were in college, right? Stocks up, bonds down. And in this particular situation, we're seeing the exact opposite. I ran the stats over the last 90 days, and the US 10 year note Treasury future versus the S&P 500 future has settled in the same direction about 90%, 92% of the time over the last 90 days. So not only are they not negatively correlated, but they're highly positively correlated. And what this tells me is a lot of that weakness that we saw in stocks over the last month or so was really just an interest rate story. Higher interest rates spooked investors and caused various reactions in the marketplace. But if interest rates have stabilized or bottomed, as I think they probably have-- if treasuries have stabilized or bottomed, interest rates topped, I think that we're in an entirely different environment. And I think both asset classes can climb higher as we go into the next couple of months, and maybe even quite a bit longer than that.
[Read more...](https://www.thestreet.com/video/strange-phenomenon-emerging-in-the-bond-market)
A strange phenomenon is emerging in the bond market

Futures and commodities broker Carley Garner stopped by the Action Alerts PLUS investing club to explain the strange phenomenon developing in the traditionally inverse relationship between stocks and bonds. Related: Like it or not, a wave of Treasury short-term debt issuance is comingFULL VIDEO TRANSCRIPT BELOW: J.D. DURKIN: OK. Let me ask you about bond yields here. The 10 year of, course in, particular, been such a focus for the last several weeks and months. Let's talk about the relationship between stocks and bonds for our members. Typically, bonds go down, stocks go up, or vice versa. Is this still a pattern to expect? Or are we kind of in this whole new world where maybe it's a little more difficult to try and figure out how some of these typical metrics play themselves out? CARLEY GARNER: Right. Well, that's exactly what they taught us in finance 101 while we were in college, right? Stocks up, bonds down. And in this particular situation, we're seeing the exact opposite. I ran the stats over the last 90 days, and the US 10 year note Treasury future versus the S&P 500 future has settled in the same direction about 90%, 92% of the time over the last 90 days. So not only are they not negatively correlated, but they're highly positively correlated. And what this tells me is a lot of that weakness that we saw in stocks over the last month or so was really just an interest rate story. Higher interest rates spooked investors and caused various reactions in the marketplace. But if interest rates have stabilized or bottomed, as I think they probably have-- if treasuries have stabilized or bottomed, interest rates topped, I think that we're in an entirely different environment. And I think both asset classes can climb higher as we go into the next couple of months, and maybe even quite a bit longer than that.
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*'Dupe travel' is all over TikTok (here's how you can use it to fly on the cheap)*

In the beauty and fashion world, a "dupe" is a term used to describe a cheaper generic product that is very similar to an expensive designer one β€” a $20 black dress that mirrors the viral $100 Skims lounge dress popularized by Kim Kardashian or a drugstore mascara that provides a similar look to the one achieved by a $60 one from Dior CHDRF or Shiseido SSDOF. Over the last few months, the word "dupe" has also started seeping into the realm of travel. In its annual joint travel trends report for 2023, Expedia Group EXPE, Booking BKNG and Hotels.com named "destination dupes" as one of the crazes drawing in travelers at the moment.Related: Major U.S. Airline Makes a Big Bet On Popular Vacation Destination Unlike the usual interest in "hidden gems" and off-the-beaten path places, the term refers to cities that are similar in style to a more popular (and, subsequently, more expensive) destination β€” Palermo in Italy for those who like the Portuguese capital of Lisbon and Taipei in Taiwan instead of the much larger Seoul in South Korea. @wanderlustwest Episode 4 | Travel Dupes Santorini is beautiful and all but tbh the crowds make it unbearable even in off season. Try early October in Paros - you wont be disappointed. #paros #parosgreece #traveltipsgreece
[Read more...](https://www.thestreet.com/travel/what-is-dupe-travel-on-tiktok)
'Dupe travel' is all over TikTok (here's how you can use it to fly on the cheap)

In the beauty and fashion world, a "dupe" is a term used to describe a cheaper generic product that is very similar to an expensive designer one β€” a $20 black dress that mirrors the viral $100 Skims lounge dress popularized by Kim Kardashian or a drugstore mascara that provides a similar look to the one achieved by a $60 one from Dior CHDRF or Shiseido SSDOF. Over the last few months, the word "dupe" has also started seeping into the realm of travel. In its annual joint travel trends report for 2023, Expedia Group EXPE, Booking BKNG and Hotels.com named "destination dupes" as one of the crazes drawing in travelers at the moment.Related: Major U.S. Airline Makes a Big Bet On Popular Vacation Destination Unlike the usual interest in "hidden gems" and off-the-beaten path places, the term refers to cities that are similar in style to a more popular (and, subsequently, more expensive) destination β€” Palermo in Italy for those who like the Portuguese capital of Lisbon and Taipei in Taiwan instead of the much larger Seoul in South Korea. @wanderlustwest Episode 4 | Travel Dupes Santorini is beautiful and all but tbh the crowds make it unbearable even in off season. Try early October in Paros - you wont be disappointed. #paros #parosgreece #traveltipsgreece
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*Названы Π»ΡƒΡ‡ΡˆΠΈΠ΅ ΠΈΠ³Ρ€Ρ‹ Π³ΠΎΠ΄Π° Π² Ρ€Π°ΠΌΠΊΠ°Ρ… ΠΏΡ€Π΅ΠΌΠΈΠΈ Golden Joystick Awards*

Π‘Ρ€Π΅Π΄ΠΈ Π½ΠΈΡ… Baldur's Gate 3, Resident Evil 4, Starfield, Alan Wake 2 ΠΈ ΠΌΠ½ΠΎΠ³ΠΈΠ΅ Π΄Ρ€ΡƒΠ³ΠΈΠ΅.
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*Billionaire makes several bold claims about Elon Musk's Tesla*

Billionaire Tesla investor Ron Baron continues to be bullish on Tesla, and he's got a few reasons why. Baron, who is the CEO and chairman of Baron Capital and has been investing in Tesla since 2014, gave his thoughts about Tesla on NBC's Squawk Box on Friday. He said that what sets Tesla apart from the rest of the growing pack of automobile companies looking to tap into the electric vehicle market is that Tesla's data and technology allows it to be efficient with its costs. "[Tesla] can't possibly be matched by anyone else. They have data, technology, they make cars cheaper than [the rest,]" Baron said. "When Ford makes one of these cars, every car they make, they lose $36,000 on ... Our company now makes about $8,000 or $9,000 of profit a car."Related: Tesla stock jumped 6%, but not for why you think Baron also added that Tesla gets about 100 million miles a day which will only improve its technology versus the rest of the competition. When asked about the slowdown in demand of the total electric vehicle space the country, Baron cited that he still expects all cars to become electric down the line. However, the pace has slowed for a few reasons: quality, price, and the dealers. "The reason there's not more demand is that cars that are out there are not very attractive and they're expensive," Baron said. "In addition, the dealers who sell them, they don't want to sell them because there's nothing to service. The dealers make all their money on servicing." Baron was also asked about Tesla's market in China and whether he sees that market as key for the company moving forward. The billionaire did not give a direct response on the business growth in the country, instead saying that the relationship between Musk and China is strong with a purpose that goes beyond Tesla's sales in the market.Related: Top investors defend Tesla bull case after stock slides on HSBC report "The idea is that China invited Musk in and invited him in because the Chinese car companies have done very poorly for a long time, and the promise was that he is going to help become better car manufacturers β€” he's not trying to take over the market in China β€” and develop a local supply chain," Baron said. "I think the relations they have with China are exceptionally good. Both people are getting something from it. I think that that business will continue to grow." Baron then cited Tesla's looming Model 2 launch which he expects will be good for markets like China and in making EVs more accessible for the masses. "Wait until you see what's going to happen when all of a sudden they start selling cars instead of for $40,000 apiece for $25,000 apiece, which is going to happen in about a year, year and a half from their new model," Baron said. "The new model, they think, is going to do 5 million cars a year for the Model 2. That's coming." Get investment guidance from trusted portfolio managers without the management fees. Sign up for Action Alerts PLUS now.
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Billionaire makes several bold claims about Elon Musk's Tesla

Billionaire Tesla investor Ron Baron continues to be bullish on Tesla, and he's got a few reasons why. Baron, who is the CEO and chairman of Baron Capital and has been investing in Tesla since 2014, gave his thoughts about Tesla on NBC's Squawk Box on Friday. He said that what sets Tesla apart from the rest of the growing pack of automobile companies looking to tap into the electric vehicle market is that Tesla's data and technology allows it to be efficient with its costs. "Tesla can't possibly be matched by anyone else. They have data, technology, they make cars cheaper than the rest," Baron said. "When Ford makes one of these cars, every car they make, they lose $36,000 on ... Our company now makes about $8,000 or $9,000 of profit a car."Related: Tesla stock jumped 6%, but not for why you think Baron also added that Tesla gets about 100 million miles a day which will only improve its technology versus the rest of the competition. When asked about the slowdown in demand of the total electric vehicle space the country, Baron cited that he still expects all cars to become electric down the line. However, the pace has slowed for a few reasons: quality, price, and the dealers. "The reason there's not more demand is that cars that are out there are not very attractive and they're expensive," Baron said. "In addition, the dealers who sell them, they don't want to sell them because there's nothing to service. The dealers make all their money on servicing." Baron was also asked about Tesla's market in China and whether he sees that market as key for the company moving forward. The billionaire did not give a direct response on the business growth in the country, instead saying that the relationship between Musk and China is strong with a purpose that goes beyond Tesla's sales in the market.Related: Top investors defend Tesla bull case after stock slides on HSBC report "The idea is that China invited Musk in and invited him in because the Chinese car companies have done very poorly for a long time, and the promise was that he is going to help become better car manufacturers β€” he's not trying to take over the market in China β€” and develop a local supply chain," Baron said. "I think the relations they have with China are exceptionally good. Both people are getting something from it. I think that that business will continue to grow." Baron then cited Tesla's looming Model 2 launch which he expects will be good for markets like China and in making EVs more accessible for the masses. "Wait until you see what's going to happen when all of a sudden they start selling cars instead of for $40,000 apiece for $25,000 apiece, which is going to happen in about a year, year and a half from their new model," Baron said. "The new model, they think, is going to do 5 million cars a year for the Model 2. That's coming." Get investment guidance from trusted portfolio managers without the management fees. Sign up for Action Alerts PLUS now.
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