Apple Inc. is starting to use its network of retail stores as distribution centers for shipping products to consumers, joining a trend popularized by other retailers.
The Cupertino, California-based technology giant has typically shipped devices like iPhones, Macs, iPads, and accessories from warehouses located across a customer’s region or directly from China. Now items that are in stock can be shipped directly to consumers from a network of almost 300 retail stores spread across the U.S. and Canada, according to people familiar with the matter.
Apple told staff the shift will mean faster delivery times for customers who live further from distribution centers than from stores, according to the people who asked not to be identified discussing internal policies. The products will be shipped through
Tesla Inc. (TSLA) – Get Report shares powered higher Thursday following reports that the clean energy carmaker had cut prices for its Model 3 sedan in China and could be ready to publish record third quarter deliveries later this week.
Tesla’s China website suggests that starting prices for its popular Model 3, which are now made in its Shanghai factory, have been reduced by 8% to around $36,800 each, while the longer-range version was reduced to around $40,000 each. The new models will also included cheaper lithium iron phosphate batteries, Reuters reported.
Tesla shares were marked 2% higher in early trading Thursday to change hands at $437.87 each, a move that would trim losses since the stock’s five-for-1 split on August 31 to around 11.4%.
A report from the tech-focused ‘electrek’ news website yesterday also suggested Tesla’s third quarter deliveries could come in at a record high later
Lifestyles in China are changing rapidly, and ordering food online is an example. However, those billions of delivery meals produce an enormous amount of plastic waste from packaging, but also from food containers and cutlery; in one year, some 7.3 billion sets of single-use tableware accompany the food. Around one-third of the 553 kilotons of municipal solid waste that is generated each day comes from packaging. That is why a group of scientists analysed whether using paper alternatives or reusable tableware could reduce plastic waste and associated life cycle emissions.
Ya Zhou (associate professor at Guangdong University of Technology) and Yuli Shan are the first authors of this paper. Yuli Shan, Dabo Guan (Professor at Tsinghua University) and Yanpeng Cai (Professor at Guangdong University of Technology) are the corresponding authors.
‘We quantified the environmental impact and modelled different alternatives,’ explains Shan. The alternatives to the single-use plastic tableware were
investors are experiencing an unusual down month for the stock, but news that could send it higher again is coming soon. In about a week, the company will report how many electric cars it delivered in the third quarter.
September has been a lousy month for Tesla (ticker: TSLA). Shares have fallen about 22% as a widely anticipated update on the company’s battery technology failed to wow investors. The decline is worse than Tesla’s 21% drop in March, when the entire market was plummeting because of the coronavirus.
It might have been impossible for any company to live up to the expectations for Battery Day. Tesla shares rose 74% in August, partly in anticipation.
Wall Street’s analysis of the event fell along party lines. Bearish analysts wrote that the event was too
SpaceX founder Elon Musk looks on at a post-launch news conference after the SpaceX Falcon 9 rocket, carrying the Crew Dragon spacecraft, lifted off on an uncrewed test flight to the International Space Station from the Kennedy Space Center in Cape Canaveral, Florida, March 2, 2019.
Mike Blake | Reuters
Tesla CEO Elon Musk offered new delivery predictions for 2020 at the company’s shareholder’s meeting on Tuesday, where the company also detailed a new battery design that it claims will make its cars cheaper to produce.
Musk said he expects vehicle deliveries to increase by 30 to 40 percent over last year, when the company reported deliveries of 367,500 vehicles. The new guidance from Musk implies deliveries of between 477,750 and 514,500 cars, a range that encompasses the company’s previously stated goal to deliver half a million cars in 2020.