RCA Telegram News California - Economy (English)

Leading rare earths miner sees profits fall as prices sag

One of the world's largest rare earths producers outside China reported slumping net profits Wednesday, pointing to a "challenging" market for the hard-to-source metals used in renewable energy technologies.

Tesla sinks below $1 tn market value as European auto sales slump

Shares of the US electric vehicle pioneer Tesla plunged Tuesday, leaving its market value below $1 trillion as investors digested disappointing European sales and chief executive Elon Musk's aggressive foray into politics.