Current:Home > MarketsThe Daily Money: Peering beneath Tesla's hood -GlobalInvest
The Daily Money: Peering beneath Tesla's hood
View
Date:2025-04-11 17:47:47
Good morning! It's Daniel de Visé with your Daily Money.
A recall from Tesla allows a rare look under the hood of the electric vehicle balance sheet, James Powel reports.
Nearly 4,000 Cybertrucks were recalled last week over a defect with the accelerator, causing it to get stuck when pressed, increasing the risk of crash. This covers all the trucks Tesla has sold since the vehicle reached market in November.
And how many is that? The company does not itemize the number of vehicles sold by model in its quarterly reports, meaning that the recall offers a rare glimpse into Elon Musk's pet project.
Express files for bankruptcy
Express Inc. has filed for Chapter 11 bankruptcy protection and will close nearly 100 retail stores, Emily DeLetter reports.
Express, the Columbus, Ohio-based brand and longtime mall retailer, is also the parent company of Bonobos and UpWest. In a press release, Express said it plans to close approximately 95 Express retail stores and all of its UpWest stores.
Will there be closing sales? What about pending orders?
Find out here.
📰 More stories you shouldn't miss 📰
- The best, worst ages to take Social Security
- How to make your resume stand out
- Here's a $413,000 retirement expense to prepare for
- What does the average household spend on groceries?
📰 A great read 📰
Finally, here's a popular story from earlier this year that you may have missed. Read it! Share it!
No one would have guessed that in retirement, Judi and David Koncak would be nearly out of money and unable to leave their kids much more than a pittance. They’re both college graduates. They traveled, owned cars and a home, sent their two kids to college and saved for retirement.
But David Koncak had a stroke, surgeries, and prostate cancer – all of which helped deplete their savings.
Their story illustrates a broader trend: the significant wealth transfer from baby boomers to younger generations that researchers have predicted may not be so great after all.
About The Daily Money
Each weekday, The Daily Money delivers the best consumer news from USA TODAY. We break down financial news and provide the TLDR version: how decisions by the Federal Reserve, government and companies impact you.
Daniel de Visé covers personal finance for USA Today.
veryGood! (27473)
Related
- Tarte Shape Tape Concealer Sells Once Every 4 Seconds: Get 50% Off Before It's Gone
- Appeals court sends back part of Dakota Access oil pipeline protester’s excessive force lawsuit
- Halloween superfans see the culture catching up to them. (A 12-foot skeleton helped)
- As Hurricane Helene approaches, what happens to the manatees?
- Are Instagram, Facebook and WhatsApp down? Meta says most issues resolved after outages
- 50 Cent's Netflix doc on Diddy allegations will give 'voice to the voiceless,' he says
- Cardi B Debuts New Look in First Public Appearance Since Giving Birth to Baby No. 3
- It's not just fans: A's players have eyes on their own Oakland Coliseum souvenirs, too
- Intellectuals vs. The Internet
- New York City Mayor Eric Adams vows to fight charges in criminal indictment
Ranking
- A Mississippi company is sentenced for mislabeling cheap seafood as premium local fish
- 7th Heaven Cast Address Stephen Collins’ Inexcusable Sexual Abuse
- Nevada high court orders lower court to dismiss Chasing Horse sex abuse case
- LinkedIn is using your data to train generative AI models. Here's how to opt out.
- Don't let hackers fool you with a 'scam
- Northern lights forecast: Aurora borealis may appear in multiple US states, NOAA says
- Transform Your Bathroom Into a Relaxing Spa With These Must-Have Products
- Wisconsin district attorney pursuing investigation into mayor’s removal of absentee ballot drop box
Recommendation
Trump issues order to ban transgender troops from serving openly in the military
The Latest: Harris and Trump offer competing visions for the economy
Will Hurricane Helene impact the Georgia vs. Alabama football game? Here's what we know
Tropical Weather Latest: Hurricane Helene is upgraded to Category 2 as it heads toward Florida
Spooky or not? Some Choa Chu Kang residents say community garden resembles cemetery
College football Week 5 predictions for every Top 25 game start with Georgia-Alabama picks
Channing Tatum and Jenna Dewan's divorce nears an end after 6 years
A Coal Miner Died Early Wednesday at an Alabama Mine With Dozens of Recent Safety Citations