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- Tesla has best day in 11 years
Tesla has best day in 11 years
Happy Friday morning. This is Car Alerts with your weekly recap of the latest car news and market happenings.
In today’s edition:
Tesla stock has best day since 2013
Consumer spending and October sales
GM stock outperforms
Recent recalls
and more
MARKETS 📈
Note: Stock market data as of Thursday’s market close.
HEADLINES 📰
Tesla shares jump on profit beat, Musk’s prediction of at least 20% ‘vehicle growth’ next year
October new-vehicle sales expected to rise; consumer spending on cars up 11.8%
GM stock has best day since 2020, exceeds Q3 estimates
Automated-Vehicle readiness increases after a two-year decline, J.D. Power finds
Hyundai Motor Q3 profit misses forecast as demand slows; shares slide
Lower-priced new cars are gaining popularity, and not just for cash-poor buyers
RECALLS
BMW braking and control problems have caused a recall of 11,500 vehicles that could lose their power brakes
That’s all we have for you this week. We’ll see you next Friday morning with more car content.
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