Tesla’s first-quarter net income plummeted 55%, but its stock price surged in after-hours trading on Tuesday as the company said it would move up production of new, more affordable vehicles.
The UK’s top stock market index retreated after setting a record high on Tuesday, amid a dampening of hopes that the Bank of England will cut interest rates imminently.
The former HR director of the Post Office has accused its boss, Nick Read, of being “obsessed with his pay” and repeatedly making threats to resign over the issue, in the latest development in the long-running crisis facing the organisation.
Former Post Office chief Paula Vennells did not want to use the word “bugs” when referencing the faulty Horizon system in an “Orwellian” move to sound “non-emotive”, an inquiry has heard.