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Tesla’s stock (TSLA) is surging by over 3% in pre-market trading today, and it appears to again be due to delivery numbers in China, which seem to be confusing for the market.

Over the last few weeks, Tesla’s stock has had some wild swings, and it has mostly been related to news coming out of China.

First, the delivery numbers for the month of April confused people with a drop from ~35,000 vehicles in March to ~25,000 vehicles in April based on data from the China Passenger Car Association (CPCA).

Furthermore, the CPCA seemingly started including exports in their delivery numbers for the country, which makes no sense and brings confusion.

Now the CPCA came out with the data from May and reported that Tesla sold 33,463 China-made electric car last month.

However, the number includes 21,936 Tesla vehicles delivered in the country in May and 11,527 electric vehicles that Tesla built in China and exported to other countries in the same period.

The news sent Tesla’s stock rising more than 3% in pre-market trading.

It comes after Tesla’s stock took a hit just last week over a report that claimed Tesla’s net new orders in China were slashed in half in May.

Electrek‘s take

First off, I see a lot of people claiming that it proves the report from The Information was wrong about Tesla’s orders falling in China last week.

While I noted that the report should be taken with a grain of salt, this new data from CPCA doesn’t disprove the report.

CPCA is about Tesla vehicles delivered and produced in China in May while the report from last week discussed net new orders coming in.

Net new order is a better indication of demand since it is not constrained by production, but most of the new orders coming in May would most likely not appear in CPCA data until next quarter when they are delivered.

That said, it doesn’t mean that the report was accurate either.

Again, I don’t think the market should place too much value of Tesla’s month-to-month performance in specific markets because they are just too many variables that don’t mean much on a short-term basis.

At the very minimum, I would stick to quarterly trends.


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Gregg Wallace speaks out after MasterChef sacking

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Gregg Wallace speaks out after MasterChef sacking

Gregg Wallace has spoken about his sacking from MasterChef after inappropriate behaviour while working for the BBC – but insisted he is “not a groper, a sex pest or a flasher”.

Wallace, 60, has apologised after a report, commissioned by the cooking show’s production company Banijay UK, found 45 out of 83 allegations were substantiated.

In an interview with The Sun, he said: “I know I have said things that offended people… I understand that now – and to anyone I have hurt, I am so sorry.

“I don’t expect anyone to have any sympathy with me but I don’t think I am a wrong ‘un.”

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BBC reputation damaged by ‘serious errors’

MasterChef co-host John Torode also had an allegation that he used an “extremely offensive racist term” upheld, as part of the same investigation.

Torode, who insisted he had “absolutely no recollection” of the alleged incident, has not had his contract for the show renewed.

Wallace has now defended Torode, saying: “I’ve known John for 30 years and he is not a racist.

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“There is no way that man is a ­racist. No way. And my sympathies go out to John because I don’t want anybody to go through what I’ve been through.”

Former MasterChef presenters John Torode and Gregg Wallace. File pic: PA
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Gregg Wallace has defended his former MasterChef co-host John Torode (left). File pic: PA

At one point, Wallace became tearful during the interview when describing the impact of the investigation on his family.

“I have seen myself written about in the same sentence as Jimmy Savile and Huw Edwards, paedophiles and sex offenders. That is just so, so horrific.”

In respect to the specific allegation of unwanted touching, Wallace denied groping a woman and said that, while he was attempting to flirt with her, he did believe the contact it was consensual.

“She gave me her phone number. I considered that to be intimacy. It was 15 years ago. Me, drunk, at a party, with my hand on a girl’s bum,” he said.

He also accepted he had briefly appeared with a sock on his private parts in front of four colleagues in MasterChef studio. But he said his is not a flasher, and people were either “amused or bemused” but not distressed.

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On the broader allegations about using inappropriate language, Wallace accepted the criticism and suggested that some of his conduct could be explained by his autism and his background.

“I know I am odd. I know I struggle to read people. I know people find me weird. Autism is a… registered disability. Just because you can’t see it doesn’t mean it’s not real.”

He also blamed his former career: “I’m a greengrocer from Peckham. I thrived in Covent Garden’s fruit and veg market. In that environment that is jovial and crude. It is learned behaviour.”

Wallace told the newspaper he is now scared to appear in public: “I go out now in a disguise – a baseball cap and sunglasses, I don’t want people to see me. I’m scared.”

On Wednesday, the BBC confirmed a series of MasterChef filmed last year, before allegations against presenters Gregg Wallace and John Torode were upheld, will still be broadcast.

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Company at heart of Coldplay viral video releases tongue-in-cheek clip – with a big twist

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Company at heart of Coldplay viral video releases tongue-in-cheek clip - with a big twist

The company at the centre of a viral video at a Coldplay concert has released a tongue-in-cheek clip on social media – featuring Gwyneth Paltrow as a “temporary spokesperson”.

Astronomer was thrust into the spotlight after two of the tech firm’s senior executives were filmed embracing on a kiss cam during a gig in Boston.

Andy Byron subsequently resigned as chief executive officer – while the woman in the video, Kristin Cabot, stepped down as chief people officer a few days later.

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Tech boss resigns after viral Coldplay concert video

Paltrow, who used to be married to Coldplay frontman Chris Martin, is seen sitting at a desk in the new video uploaded to X – and begins by thanking the public for their interest in Astronomer.

She adds: “I’ve been hired on a very temporary basis to speak on behalf of the 300-plus employees at Astronomer.

“Astronomer has gotten a lot of questions over the last few days – and they wanted me to answer the most common ones.”

A question is then typed out on the screen that reads: “OMG, what the actual…”

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Before the final word appears, the video cuts back to Paltrow, who goes on to promote some of the services Astronomer offers.

In a subtle nod to the countless column inches the company has attracted, Paltrow adds: “We’ve been thrilled so many people have a newfound interest in data workflow automation.”

Another question then pops up on screen, which begins to type out: “How is your social media team holding up?”

But before the sentence fully appears, Paltrow abruptly interrupts by declaring that Astronomer has spaces at an upcoming conference in September.

Astronomer

“We’ll now be returning to what we do best: delivering game-changing results for our customers,” she adds at the end of the video.

The marketing stunt is a sign that Astronomer is trying to put a positive spin on the scandal, which sparked feverish speculation online.

After Mr Byron resigned, the company had said in a statement: “Astronomer is committed to the values and culture that have guided us since our founding.

“Our leaders are expected to set the standard in both conduct and accountability, and recently, that standard was not met.”

Woman hides her face

Pete DeJoy, who has taken over as interim CEO, admitted on Monday that the company has faced an “unusual and surreal” amount of attention in recent days.

On LinkedIn, he wrote: “While I would never have wished for it to happen like this, Astronomer is now a household name.”

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Top Boy actor Micheal Ward charged with two counts of rape

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Top Boy actor Micheal Ward charged with two counts of rape

Top Boy actor Micheal Ward has been charged with two counts of rape and is due to appear in court next month.

Ward, 27, has also been charged with two counts of assault by penetration and one count of sexual assault.

The offences relate to one woman and are reported to have taken place in January 2023.

“Our specialist officers continue to support the woman who has come forward – we know investigations of this nature can have a significant impact on those who make reports,” said Detective Superintendent Scott Ware, whose team is leading the Met Police’s investigation.

Ward at the 78th Cannes Film Festival on 15 July. Pic: PA
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Ward at the 78th Cannes Film Festival on 15 July during a press call for his upcoming film Eddington. Pic: PA

Ward, of Cheshunt, Hertfordshire, is due to appear at Thames Magistrates’ Court on 28 August, the Crown Prosecution Service said.

Ward said he denies the charges of rape and sexual assault, adding in a statement: “I recognise that proceedings are now ongoing, and I have full faith that they will lead to my name being cleared.”

In a statement, Catherine Baccas, deputy chief crown prosecutor for CPS London South, said: “We remind all concerned that proceedings against the suspect are active and he has a right to a fair trial.

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“It is vital that there should be no reporting, commentary or sharing of information online which could in anyway prejudice these proceedings.”

Ward has been charged with rape and sexual assault. He is pictured in October 2023. Pic: PA
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Michael Ward has been charged with rape and sexual assault. He is pictured in October 2023. Pic: PA

Ward starred in the popular Netflix series Top Boy as Jamie. He also appeared in films like Blue Story, The Old Guard and Empire of Light.

In 2020, the Jamaican-born actor was awarded the Bafta Rising Star honour in 2020.

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He was nominated for Best Supporting Actor Bafta in 2021 for his role as Franklyn in the BBC series Small Axe, and 2022 for his performance as Stephen in Empire of Light.

Ward is also in the upcoming American film Eddington alongside Joaquin Phoenix and Pedro Pascal, which is set to be released in the UK next month.

Ward is pictured during the opening night of A View From The Bridge at the Theatre Royal Haymarket in London in June 2024. Pic: PA
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Ward is pictured during the opening night of A View From The Bridge at the Theatre Royal Haymarket in London in June 2024. Pic: PA

He has more than a million followers on Instagram and participated in charity events like the Soccer Aid match at Stamford Bridge last year.

Ward gave a reading at the Christmas Eve carol service hosted by the Princess of Wales in 2023.

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