Tesla Disappoints, The West's Favourite Autocrat & Boeing's Woes Mount
Your morning briefing, the business news you need in just 15 minutes.
On today's podcast:
(1) Tesla CEO Elon Musk said that he can see the next "major growth wave" approaching, in the form of a new, low-cost car later next year. Investors unwilling to wait until then pushed the stock down.
(2) US aviation regulators ordered Boeing to halt further production-rate increases for its 737 Max aircraft even as they cleared the way for a version of the jet involved in a near-calamity to return to the skies.
(3) British billionaire Joe Lewis pleaded guilty to passing inside corporate information to his private pilots and girlfriend, putting a black mark on the 86-year-old investor's otherwise spectacular rise from London's East End to one of Britain's richest men.
(4) Paul Kagame, the longtime president of Rwanda, wins plaudits abroad for making his tiny country a continental power. But the transformation has meant suppression of dissent and alleged assassinations of critics.
(5) Pay for most senior investment bankers at Wall Street firms in Asia dropped to the lowest level in almost two decades, according to people familiar with the matter, as a dearth of deals in China and Hong Kong hammered the industry.
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