A new Goldman Sachs research note suggests that Tesla is not equipped to meet its upcoming targets for production of the mass-market Model 3. The analysis led by Goldman's David Tamberrino also sees erosion of the stock price that regained momentum last week when Tesla reported its latest production and delivery data.
Why it matters: It paints a daunting picture of headwinds the Silicon Valley automaker faces as it tries to scale up production of the car that is key to the company's long-term future.
Volkswagen is set to replace its CEO Matthias Müller, who took the reins after the "diesel-gate" emissions scandal broke in 2015, with senior VW executive Herbert Diess, according to The Wall Street Journal and other outlets.
Why it matters: VW is the world's largest automaker and has been moving aggressively into vehicle electrification, including last month's announcement of plans to expand electric vehicle production capacity to 16 factories over the next five years.
EPA Administrator Scott Pruitt announced last week his intention to scrap Obama-era plans to increase emissions standards. According to the Natural Resources Defense Council, the higher standards were projected to save over 2 million barrels of oil per day, and to cut $1 trillion in fuel costs and 5 billion metric tons of emissions by 2030.
Why it matters: Abandoning the standards increase means the U.S. will fall behind the rest of the world in transportation innovation just as China moves forward with tighter standards, leaving American companies excluded from the world's largest automobile market.
Energy Secretary Rick Perry said Monday his agency will soon decide whether to approve a request to boost economically struggling coal and nuclear power plants.
Between the lines: His remarks dampened prospects that the Trump administration will move to keep a string of these plants open in the Northeast and Mid-Atlantic.
