It is the 19th of November 2019

News

Auto OEMs Plan To Flood Market With New Electric Car Models Despite Massive Losses

Last month we noted that Tesla really outdid itself in 2Q 2017 by posting a record cash burn of $1.2 billion, or roughly $13 million every single day.  Per the chart below, Tesla's Q2 cash burn was just a continuation of the company's money-losing trend that goes back at least 6 years and seems to be getting worse with each passing quarter.

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This $250,000 Caterpillar Bulldozer Can Be Yours For The Low, Low Price Of $55

After today's CAT earnings, in which the company not only announced a steep drop in revenues, profits and cash flow but also obliterated its guidance, cutting the midpoint of the 2016 revenue range (set just three months ago) from $45.5 billion to $42 bilion, it should have become clear to everyone just how bad the company's income statement is.

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Nigel Farage's Car Sabotaged After Death Threats, Police Confirm "Foul Play"

Outspoken UKIP leader Nigel Farage, who has received numerous death threats during his tenure as a European parliamentarian, spoke for the first time last night about being the victim of an assassination attempt after his car was sabotaged, causing a terrifying motorway crash. As The Daily Mail reports, Farage careered off a French road after a wheel on his Volvo came loose while he was driving from Brussels back to his home in Kent. When the police arrived at the scene, they told him that the nuts on all of the wheels had been deliberately unscrewed...

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