Well. Geordie joining us is johnson. How much more shakeout do we get from investors having to rebalance . As a bustedsla growth story. The revenues peak in the Fourth Quarter of 18. 690,000 of capacity. If they hit delivery members this year, only 63 of reported capacity. Building two new factories. Completely is mismatched. We think it is coming to the forefront in the stock. What gets us to 19 . Tesla has been unprofitable. Subsidies toed sell credit. People do not need to buy tax credits anymore. You look at the second quarter. Stockbasedthe conversation. Back to they go losses. Right now, it is single digits. In china, a big disappointment. Cars in aover 20,000 month. What gives you the confidence that now was a turning point . This not just that squeeze we are all talking about after call options are out of money. Great point. The numbers have been getting worse. S p inclusion. In 2015, elon musk said in two years, tesla cars are able to do 200 miles it on a single charge. 19, el
Small and mediumsized businesses that were in sound Financial Condition before the virus impact of the economy we will hear from the head of the fed in boston and banking and business leaders. Will come tog order. This is a hybrid hearing meaning some of our commissioners are appearing in person and witnesses will testify remotely. Let me offer a few Video Conferencing reminders. Before you start speaking there will be a slight delay before you are displayed on the screen. Click the mute button until your turn to speak or to ask a question. If there is a technology issue, well move to the next speaker until it is resolved. You should all have one box on your screens labeled clock to show you how much time is remaining. Congressional Oversight Commission pursuant to section 4020 of title 4, subtitle of the cares act, the Commission Must conduct oversight of the 500 billion authorized for the Exchange Stabilization fund. As a part of our oversight work, the commission has decided to hold
About an hour and 45 minutes. I want to thank everyone for joining us for the official remote hearing. I want to make sure to note specific requirements. Let me begin by saying Committee Rules and practice continue to apply during the hearings. Members are reminded they are expected to adhere to decorum. With that said, the period designated by the speaker, 965, from the rules committee in a manner that respects the rights of all members to participate. House regulations require members to be visible during the proceedings so keep your camera on. Also if you participate in other proceedings please exit this one and log back in later. Of the member encounters technical issues that prevent them from being recognized for their questioning i will go to the next available measure member of the same party and recognize that member of the next appropriate time slot provided they have returned to the proceedings. Should the members time be interrupted by technical issues i will recognize the n
Commission has decided to order ourselves alphabetically. With that welcome to this virtual hearing convened by the Congressional Oversight Commission pursuant to section 4020 of title 4, subtitle of the cares act, the Commission Must conduct oversight of the 500 billion authorized for the Exchange Stabilization fund. As part of our oversight work, the commission has decided to hold this hearing today which will exam examine the main Street Lending facilities. The Federal Reserve established the main Street Programs to support small and immediate you yumsized business answer Nonprofit Organization that is were in found sentence condition before the onset of the covid19 pandemic. The program operates through five facilities which we will learn more about this morning. The programs being administered by the Federal Reserve bank of boston todays hearing will have two panels. President eric rosengry. N, Federal Reserve bank of boston will testify during the first panel. Second panel will i
The coronavirus marches on with u. S. Remaining in focus. Aussie prepares to meet with melbourne again under lockdown. The Health Care Sector sees his biggest deal this year. Siemens will pay more than 16 24 premium from fridays close. Shery lets get you a check of how markets are trading. We are seeing u. S. Futures addingng gains up. 1 , to that rally we saw on friday. Have seen the s p 500 rising for the fourth consecutive month. More positive sentiment over potential virus relief packages being released in the u. S. Not to mention the surge in tech shares. We had the nasdaq composite outperforming with Solid Earnings from tech giants. Apple, now the worlds most company valuable overtaking saudi aramco after posting other than expected results. Posting betterthanexpected results. See negativeo economic numbers out of the u. S. With secondquarter gdp seeing its sharpest contraction on record. Rating switching from negative to stable. Oil was under a little bit of pressure because of