Tesla CEO Elon Musk took his Cybertruck production candidate for a spin at the company's gigafactory in Texas this week as the automaker gets ready to take on rivals GM and Ford.
Higher interest rates have forced a credit crunch as banks slow lending, creating a backlash in capital and resource-starved business sectors like manufacturing.
The Institute for Supply Management (ISM) said that its Manufacturing Purchasing Managers’ Index (PMI) reached of 47.7 last month after reaching 47.4 in January, notching the third straight month of contraction.
GM and Ford are driving down two different paths for investors, creating a divide within the automotive sector after quarterly earnings and input from the CEOs.
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