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By Alemayehu G, Mariam Folded Arms: How are we going to sock it to Ethiopia? An old African saying teaches, “When two elephants fight, it is the grass that suffers. I say, “When the dragon and eagle fight on the Ethiopian grass, there will be one and ONLY one winner. The Black Lion! Alemayehu G. Mariam Author’s Note: I refer to my previous commentaries (Part I and Part II) on my extremely pessimistic prognostications on U.S. policy in Ethiopia under the Biden Administration. In this commentary, I shall discuss what I believe will be the second pillar of U.S. policy in Ethiopia under...

Nio Share Price Recovers After Record Deliveries

Shares of Chinese electric-vehicle maker NIO (NYSE:NIO) were trading higher on Wednesday, following a sales report that demonstrated continued strong demand for NIO's upscale electric SUVs. As of 1:30 p.m. EST, NIO's American depositary shares were up about 4.6% from Tuesday's closing price.  So what NIO reported its January deliveries on Monday, and they were strong -- despite new competition from Tesla's (NASDAQ:TSLA) made-in-China Model Y. NIO said that it delivered 7,225 of its sleek electric SUVs in January, a monthly record for the company that follows efforts to boost production ami...

Tesla stock falls after earnings disappoint, but analysts brush aside margin worries MarketWatch 1/29/2021 © adrian dennis/Agence France-Presse/Getty Images THE RATINGS GAME Investors continued to sell Tesla shares on Thursday after earnings disappointment, but Wall Street analysts were waiving some of their biggest concerns, such as weak margins. Tesla shares traded as low as $801 and were recently down 2%, on the heels of a selloff Wednesday after Tesla’s fourth-quarter results. Tesla reported an adjusted profit in the fourth quarter of 80 cents and a 46% gain in revenue, at $10.7...

Tesla to ramp up production at Shanghai factory 1 Employees work at the Tesla Gigafactory in Shanghai, Nov 20, 2020. (Photo/Xinhua) Tesla plans to expand the production capacity of its Shanghai factory to 450,000 cars per year, ThePaper reported on Thursday. It is noteworthy that the production capacity of Shanghai factory was 150,000 a year when it officially delivered the first batch of made-in-China Model 3 sedans earlier in 2020. The Shanghai Gigafactory is able to produce more than 250,000 cars a year so far, according the carmaker's fourth quarter financial report in 202...