Tesla Missed Q1 and the War Ate the Tailwind
Tesla delivered 358,023 vehicles in Q1, missing consensus by 7,600 units, while building 50,000 excess cars nobody picked up.
Business
The IRGC Named 18 Companies as Targets. Forty-Eight Hours Later, Not One Has Spoken.
Apple, Google, Microsoft, Tesla, and Boeing have said nothing for 48+ hours after Iran's IRGC named them as military targets.
The War Premium Is Not a Premium. It Is the New Floor.
Countries are hoarding oil, Goldman warned of $150 crude, and Reuters declared hoarding 'the new normal' -- the war premium has become structural.
Tesla Stock Down 20% YTD After Q1 Miss, and It's on Iran's Target List
Tesla dropped 5% Thursday after missing Q1 delivery estimates, extending its YTD decline past 20% -- compounded by its appearance on the IRGC's list of American targets.
Iraq Loses $280 Million a Day to a Blockade It Did Not Create
Iraq's oil exports have collapsed from 3.4 million barrels per day to a trickle -- the Hormuz blockade is destroying an economy that had nothing to do with the war.
Goldman Holds at 30%: The Recession Probability That Won't Go Down
Goldman Sachs maintains its 12-month U.S. recession probability at 30%, up from 20% in early March, citing war-driven oil spikes, tariff drag, and the DHS shutdown.
BlackRock's $150 Oil Warning Stands: Brent Holds Between $100 and $110
BlackRock CEO Larry Fink's March 25 warning that $150 oil would trigger a 'stark and steep global recession' remains operative as Brent trades in the $100-110 range with upside risk growing.