The Minerals Consortium Will Result in Malinvestment

Tesla Reports 480,126 Q2 Deliveries, Crushing Estimates Tesla delivered a much stronger-than-expected second quarter, reporting 480,126 vehicle deliveries, well ahead of Wall Street forecasts of roughly 406,600. The company also produced 451,758 vehicles during the period, signaling a meaningful improvement after a slow start to the year, according to CNBC. Shares were volatile on the news and have settled near unchanged into the cash open… The delivery total marked a sharp increase from 358,023 vehicles in the first quarter and was also significantly higher than the roughly 384,000 deliveries Tesla recorded in...

US-Iran Have Delegations In Qatar, But No Direct Talks; Hormuz Energy Transit Rebounds - Oil Down Near Prewar Levels The Witkoff-Kushner delegation is now confirmed to be in Doha, and yet in its latest official statement Iran's foreign ministry has made clear the Iranian side has no plans to meet US officials "at any level in the next few days." "What will probably be done in Doha tomorrow is a discussion on the implementation of clauses of the Memorandum of Understanding, including the clause related to the release of Iran’s restricted...

US Has No Plan To Renew Iranian, Russian Oil Waivers, Bessent Says Authored by Kimberley Hayek via The Epoch Times, U.S. Treasury Secretary Scott Bessent said on April 24 that the United States will not renew the sanctions waivers that enabled buyers to take delivery of Iranian and Russian crude already loaded on tankers at sea. Bessent said a one-time license covering Iranian oil on the water would not be extended, calling it “totally off the table.” The parallel waiver for Russian oil and petroleum products will also be allowed to end,...