Stocks

[*Walter Bloomberg @DeItaone]

WELLS FARGO CEO SAYS US DEFAULT WOULD BE A GIGANTIC PROBLEM

[Nick Timiraos @NickTimiraos]

The ECI component of greatest relevance to the Fed, wages and salaries for private sector workers excluding incentive paid occupations, showed no meaningful deceleration in Q1

+1.5% QoQ (the highest reading on record after the 1.6% gain in Q1 '22)

+5% YoY, (vs 5.2% in Q4)

[Troy Teslike @TroyTeslike]

Here is Giga Shanghai production in the last two quarters based on CPCA data (China Passenger Car Association).

Production capacity is 88K per month and 264K per quarter but production was not maxed out in Q4 2022 and Q1 2023 because more production is not needed.

[FinancialJuice @financialjuice]

US EMPLOYMENT COSTS ACTUAL 1.2% (FORECAST 1.1%, PREVIOUS 1.0%) $MACRO

[E.W. Niedermeyer @Tweetermeyer]

Keep snoozing on this @SecretaryPete, you've made it obvious that @NHTSAgov is fine with systems that enable this kind of behavior and marketing that encourages it. Innovation!

[Troy Teslike @TroyTeslike]

@thejefflutz @Tesla Your chart shows only Model Y inventory which is not very high but this doesn't change the fact that Tesla's inventory for all models is currently at an all-time high in North America. Talking only about Model Y is meaningless.

See chart 2 here: https://t.co/WVW9KGj1ty

[Nick Timiraos @NickTimiraos]

The clips of a phone call Powell had with pranksters who claimed to be Zelensky show the Fed chair politely answering basic questions about US monetary policy and the economic outlook with answers broadly similar to public statements he's made for months https://t.co/TbakXLw4ux

[Suspected Saboteur @ShortingIsFun]

$TSLA's "profits" are a deep fake.

https://t.co/8GhqPu2kVS

[Jack Shea @RealJackShea]

BYD's 1Q23 earnings are out. It was the second-best ever and third-best ever quarter for revenue and net income, respectively, in seasonally the slowest quarter of the year.

Revenue: 120.2B, up 79.8% YoY
Net income: 4.1B, up 410.9% YoY

#BYDDF

[Electrek.co @ElectrekCo]

Tesla (TSLA) inventory reaches new high, pointing to price cuts not working https://t.co/orS3FriF2L by @fredlambert

[Reuters @Reuters]

BYD lowers starting price for Seagull electric hatchback https://t.co/dfCEO76PYb

[Reuters @Reuters]

Tesla broke U.S. labor law by silencing workers, official rules https://t.co/uOmqiyB582

[Stocks @banggaoo]

@NIONenad Bankruptcy

[Reuters @Reuters]

Chevron, Exxon pursue cleaner gasoline as alternative to EVs https://t.co/5YkgOvpmw6

[FinancialJuice @financialjuice]

US TREASURY SECRETARY YELLEN: CHINA'S COERCIVE ACTIONS AGAINST US FIRMS ARE INCREASING.

[Financial Times @FinancialTimes]

Elon Musk has indicated he is willing to sacrifice Tesla’s profits in the short term, with the aim to make more money when the company’s cars can operate as fully autonomous ‘robotaxis’ https://t.co/vBAzlCR3ab

[Stocks @banggaoo]

@financialjuice $NIO DEAD

[Stocks @banggaoo]

@CnEVPost $NIO bankruptcy again

[Pandaily @thePandaily]

.@Tesla's #Model3 and Model Y in the Chinese mainland market are rumored to see a #pricereduction this Saturday. $TSLA
https://t.co/iBKC1AOvdP

[CarNewsChina.com @CarNewsChina]

Li Auto is up 50%, Xpeng is up 43%, Nio is down 46%. https://t.co/x1ETozg0p7