Further regulatory steps required May boost prospects for wider reboot For an interactive graphic on the status of Japan s nuclear reactors, click tmsnrt.rs/2OTpNfA (Adds story links, background)
TOKYO, April 28 (Reuters) - Kansai Electric Power received approval to restart three 40-year-old, long-idled reactors, which could pave the way for a revival of a nuclear energy sector largely dormant since the Fukushima disaster a decade ago.
The approval on Wednesday from Fukui Prefecture Governor Tatsuji Sugimoto was the first in four years and is needed to allow any return to operation following the post-Fukushima shutdown.
It could stir opposition from a public still wary of atomic power, but officials have called for new nuclear plants to help meet government climate targets to decarbonise the country’s heavily industrialised economy.
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(Reuters) -Electric carmaker Tesla Inc marginally beat Wall Street expectations for first-quarter revenue on Monday boosted by a jump in environmental credit sales to other automakers and liquidating some bitcoins.
Tesla posted record deliveries in the first quarter despite a global chip shortage that has slammed auto sector rivals, but its profit was not driven by auto sales.
Tesla, which had invested $1.5 billion in bitcoin, trimmed its position by 10% during the quarter, said Chief Financial Officer Zachary Kirkhorn. Tesla said proceeds from sales of digital assets amounted to $272 million with a $101 million “positive impact”.
“We do believe long term in the value of bitcoin,” he said. “It is our intent to hold what we have long term and continue to accumulate bitcoin from transactions from our customers as they purchase vehicles.”
5 Min Read
(Reuters) -Electric carmaker Tesla Inc marginally beat Wall Street expectations for first-quarter revenue on Monday boosted by a jump in environmental credit sales to other automakers and liquidating some bitcoins.
Tesla posted record deliveries in the first quarter despite a global chip shortage that has slammed auto sector rivals, but its profit was not driven by auto sales.
Tesla, which had invested $1.5 billion in bitcoin, trimmed its position by 10% during the quarter, said Chief Financial Officer Zachary Kirkhorn. Tesla said proceeds from sales of digital assets amounted to $272 million with a $101 million “positive impact”.
“We do believe long term in the value of bitcoin,” he said. “It is our intent to hold what we have long term and continue to accumulate bitcoin from transactions from our customers as they purchase vehicles.”
By Reuters Staff
(Corrects percentage change in paragraph 15 to 46%, not 42%)
April 26 (Reuters) - Tesla Inc marginally beat Wall Street expectations for first-quarter revenue on Monday boosted by record deliveries, robust demand from China and environmental credit sales.
Tesla posted record deliveries in the first quarter despite a global chip shortage that has slammed auto sector rivals. Model Y production in China has spurred demand there.
Still, the world’s most valuable automaker, whose shares jumped more than eight-fold last year, faces challenges of living up to its valuation and managing expectations.
Shares of the company were down about 3% in extended trading.