Kristine Garrett, Executive Vice President of Fifth Third Bancorp (NASDAQ:FITB), has sold 7,500 shares of the company on April 23, 2024, according to a recent SEC Filing.
On April 19, 2024, SEVP & General Counsel J McCarthy sold 40,000 shares of Bank of New York Mellon Corp (NYSE:BK), as reported in a recent SEC Filing.
Tesla said on Tuesday that it will use its existing factories to build new and more affordable vehicles as early as late this year, leaving investments in new factories in Mexico and India unlikely in the near term. The world's top EV maker said it plans to raise production by 50% from 2023 to its current capacity of close to 3 million vehicles before investing in new manufacturing lines. "This update may result in achieving less cost reduction than previously expected but enables us to prudently grow our vehicle volumes in a more capex efficient manner during uncertain times," the company said.