Tesla beats Wall Street expectation for Q1 revenue
Tesla beat Wall Street expectations for first-quarter revenue and profit, fueled by record deliveries. The electric carmaker – which delivered a record 184,800 vehicles globally in the January to March quarter – said it expects growth in vehicle volume to exceed 50 percent this year and said it’s on track to start production and deliveries at its planned factories in Texas and Berlin soon. Tesla, led by billionaire entrepreneur Elon Musk, said sales jumped more than 70 percent from the same period a year earlier to roughly $10.4 billion. The company said it was able to navigate through the global chip supply shortage in part by pivoting extremely quickly to new microcontrollers. Tesla’s stock ended the day up 1.21 percent, with the electric car maker reporting a new net income of $438 million.
Global stocks dip to record levels ahead of Fed
Ahead of the Federal Reserve’s policy decision and a raft of earning updates, global shares have dipped from record highs on Tuesday as optimism about the economic recovery was dented by caution. The MSCI world equity index, which tracks shares in 49 countries, fell 0.1 percent by 0810 GMT, following a muted session in Asia and slight early losses in Europe. Before now, the index is up 9 percent year-to-date, underpinned by expectations that rising vaccination rates will allow more economies to recover and give a big boost to company profits. Many investors, however, stayed on the sidelines ahead of the Fed’s policy meeting ending on Wednesday, where the U.S. central bank is expected to confirm that it will maintain its easy monetary policy to bolster the economy.
Fears mount as bandits kill two more Greenfield students
The local authorities have reported that two more Greenfield students kidnapped last have been killed bringing the death toll from the attack to six. Gunmen attacked the private Greenfield University last Tuesday in what was the fifth known attack on a school or college since December. A member of the school staff was killed during the assault and the bodies of three students were later discovered in a nearby village. Kidnappers have ramped up attacks in recent months hoping to squeeze officials for ransom payments. But local authorities have vowed not to pay them
Read Also: Nigeria to receive 29.8m doses of Johnson & Johnson COVID-19 vaccine from AU
US To Share Up To 60 Million AstraZeneca Vaccine Doses Globally
The United States has announced plans to share its stock of AstraZeneca COVID-19 vaccines with other countries, amid growing pressure on President Joe Biden’s administration to support global vaccine equity. The White House said on Monday that as many as 60 million AstraZeneca vaccine doses could be available for export in the coming months but it did not say where exactly those vaccines would be distributed. The announcement comes as the US is facing growing pressure to share its COVID-19 vaccines, especially with hard-hit nations such as India, as well as waive US intellectual property rules to allow more countries to manufacture jabs.
Nigeria to receive 29.8m doses of Johnson & Johnson COVID-19 vaccine from AU
Coming after South Africa declared the vaccine safe, Nigeria’s Presidential Steering Committee (PSC) on COVID-19 says that the federal government has signed off to receive up to 29.8 million doses of the Johnson & Johnson COVID-19 vaccine through the African Union (AU). With this Nigeria could get up to 70 million doses of the Johnson & Johnson this year. The committee also mentioned that the country was also expecting deliveries of vaccines through the COVAX facility by the end of May or early June.
