Tesla delivered more vehicles than it produced for the first time in almost two years and raised sales guidance for its established Model S and X vehicles. The heralded Model 3, however, made up a tiny percentage of the total.
Researcher IHS Markit estimates consumers will purchase about 500,000 new vehicles to replace what Harvey destroyed, but “when you have hundreds of thousands of people affected by an event of this magnitude, not everyone will hit the market at once.”
In 2015 ExxonMobil, then chaired by the current U.S. Secretary of State Rex Tillerson, challenged the tax bill on its Sakhalin-1 offshore project in Russia, in which it holds a 30% stake, saying it overpaid the Russian taxman.
A business group -- made up of companies which were among the biggest spenders on equipment and facilities over the past 12 months -- says a major cut to the current 35% corporate tax rate is the better way to drive economic growth.