When will the US get the three-row Tesla Model Y that just launched in China?
Either the end of 2026, or not at all, according to Elon Musk. The new six-seater Model Y L variant is creating some buzz after just launching in China, but Musk said that the rise of autonomous vehicles may preclude its arrival in the US. Whatever that means. Follow topics and authors from this story to see more like this in your personalized homepage feed and to receive email updates. Andrew J. Hawkins Posts from this author will be added to your daily email digest and your homepage feed. See All by Andrew J. Hawkins
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Yahoo
25 minutes ago
- Yahoo
Governor Pritzker Announces Illinois Manufacturer Richardson Electronics, Ltd. to Expand Operations in Kane County, Produce Battery Energy Storage Systems
LAFOX, Ill., Aug. 20, 2025 (GLOBE NEWSWIRE) -- Governor JB Pritzker, the Illinois Department of Commerce and Economic Opportunity (DCEO), and Richardson Electronics, Ltd. (NASDAQ:RELL),– a leading global manufacturer of engineered solutions, green energy products, power grid and microwave tubes and more – today announced the Company will expand its operations at its manufacturing headquarters in La Fox, Illinois. Richardson Electronics plans to make a capital investment of more than $8.5 million over the next four years with support from the Reimagining Energy and Vehicles in Illinois (REV Illinois) program. The Company plans to expand its operations, retain nearly 200 skilled employees, and create 54 new full-time jobs in the region. 'Here in Illinois, we're committed to building a clean energy economy to help power our planet while supercharging the state's economy,' said Governor JB Pritzker. 'With unmatched infrastructure, a qualified workforce, and competitive incentives, Illinois continues to attract clean energy investments from companies like Richardson Electronics, creating new jobs for Illinoisans and strengthening our reputation as a leader in the clean energy economy.' 'Illinois continues to lead the way in clean energy innovation and advanced manufacturing, and Richardson Electronics' expansion is a testament to that momentum,' said DCEO Director Kristin Richards. 'Through the REV Illinois program, we support companies that are growing their footprint in our state, creating high-quality jobs, and advancing our transition to a clean energy economy here in Illinois.' Richardson Electronics will build upon its existing alternative energy business to develop next-generation energy storage products that support electric grid stability. The Company will invest in equipment and structural upgrades in order to research, develop, and produce next-generation battery energy storage system (BESS) technologies at the Company's Illinois manufacturing facility. These technologies are designed to address brownouts, reduce electricity costs, and support renewable energy integration, while demonstrating the commercial viability of long-duration energy storage (LDES). The Company's BESS technology is being developed for industries such as manufacturing, healthcare, and critical infrastructure operations. "We are proud to launch this energy storage system initiative, which reflects our continued commitment to innovation, community impact, and long-term growth," said Greg Peloquin, Executive Vice President and General Manager of Power & Microwave Technologies and Green Energy Solutions. "We extend our sincere thanks to Representative Dan Ugaste, Kane County board member Rick Williams, and the team at DCEO, for their leadership and steadfast support. Their partnership has been instrumental in making this project a reality for Richardson Electronics, our customers, and the people of Illinois.' Richardson Electronics' decision to expand their operations within Illinois builds upon the numerous manufacturing companies that have also recently chosen to establish or expand their business in the state, including Pure Lithium and Adient, due to the state's skilled workforce, strong infrastructure and commitment to clean energy. Guided by Illinois' Economic Growth Plan, the REV Illinois program supports a targeted industry for the state – clean energy production and advanced manufacturing – which continues to grow with assistance from Illinois' leadership and their support of innovative technologies that reduce costs and emissions. As part of the State's incentive package, Richardson Electronics received a REV Illinois tax credit for their capital investment and commitment to job creation. The REV agreement also specifies the retention of 190 jobs for the entirety of the agreement period. A link to the full Richardson Electronics agreement can be found here. About Richardson Electronics, Ltd. Richardson Electronics, Ltd. is a leading global manufacturer of engineered solutions, green energy products, power grid and microwave tubes and related consumables; power conversion and RF and microwave components; CT X-ray tubes; and customized display solutions. More than 50% of our products are manufactured in LaFox, Illinois, Marlborough, Massachusetts, or Donaueschingen, Germany, or by one of our manufacturing partners throughout the world. All our partners manufacture to our strict specifications and per our supplier code of conduct. We serve customers in alternative energy, healthcare, aviation, broadcast, communications, industrial, marine, medical, military, scientific and semiconductor markets. The Company's strategy is to provide specialized technical expertise and 'engineered solutions' based on our core engineering and manufacturing capabilities. The Company provides solutions and adds value through design-in support, systems integration, prototype design and manufacturing, testing, logistics and aftermarket technical service and repair through its global infrastructure. More information is available at Richardson Electronics, Ltd. common stock trades on the NASDAQ Global Select Market under the ticker symbol RELL. About Richardson Electronics – Green Energy Solutions Richardson Electronics Green Energy Solutions combines our key technology partners and engineered solutions capabilities to design and manufacture key products for the fast-growing energy storage market and power management applications. As a designer, manufacturer, technology partner, and authorized distributor, GES's strategy is to provide specialized technical expertise and engineered solutions using our core design engineering and manufacturing capabilities on a global basis. We provide solutions and add value through design-in support, systems integration, prototype design and manufacturing, testing, logistics, and aftermarket technical service and repair—all through our existing global infrastructure. GES focuses on products for numerous green energy applications such as wind, solar, hydrogen, and electric vehicles and other power management applications that support green solutions such as synthetic diamond manufacturing. For more information, visit us at About Richardson Electronics – Power & Microwave Technologies For over 75 years, Richardson Electronics has been your industry-leading global provider of engineered solutions, RF & microwave, and power products. The Power & Microwave Technologies group continues this legacy and complements it with new products from the world's most innovative technology partners. Richardson Electronics' Power & Microwave Technologies group focuses on what we do best: identify and design disruptive technologies, introduce new products on a global basis, develop solutions for our customers, and provide exceptional worldwide support. As a global company, we provide solutions and add value through design-in support, systems integration, prototype design and manufacturing, testing, logistics, and aftermarket technical service and repair—all through our existing global infrastructure. More information is available at | | For Details Contact: Greg PeloquinExecutive Vice President & GM Power & Microwave Technologies and Green Energy Solutions Phone: (630) 659-8900peloquin@ 40W267 Keslinger RoadLaFox, IL 60147-0393 USA(630) 208-2200 | Fax: (630) 208-2550Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Yahoo
25 minutes ago
- Yahoo
Why Estée Lauder Dropped Today
Key Points Estée Lauder reported double-digit declines in revenue last quarter. However, those results beat low expectations, as management touted the company's cost-cutting plan. The new CEO projects a return to growth in 2026, but investors are clearly skeptical. 10 stocks we like better than Estée Lauder Companies › Shares of beauty giant Estée Lauder (NYSE: EL) fell as much as 6.1% on Wednesday before recovering to a 4.3% decline as of 2:25 PM ET following this morning's Q4 2025 earnings release. The beauty giant reported results that actually beat analysts' very low expectations but still showed stark declines from the prior year. While Estée Lauder's new CEO touted savings from the company's "Profit Recovery and Growth Plan," or PRGP, it appears continued revenue declines have led to investor skepticism over management's 2026 guidance. A lackluster fourth quarter closes out a disappointing year In the fourth quarter, Estée Lauder showed a revenue decline of 11.9% to $3.41 billion, with adjusted (non-GAAP) earnings per share plunging 86% to just $0.09. While those numbers seem dire, they were actually better than feared relative to analyst expectations. The 12% revenue decline was led by a 24% decline in sales to the Europe, Middle East, and Africa region on a constant currency basis. However, management noted this was due to a weak travel-related business that mostly comes from Chinese citizens traveling abroad. There were also difficult comparisons in that segment, as the year-ago quarter had a big inventory replenishment. Still, even outside of that region, sales fell 5% in the Americas and 4% in Asia/Pacific on a constant currency basis. The company's new CEO, Stéphane de La Faverie, took over in January and expanded the PRGP cost-saving program in February, which has led to the cutting of 5,800 to 7,000 employees. That, combined with macroeconomic forces, could be weighing on revenue. On the other hand, management claims adjusted gross margins have structurally expanded over the past year, even as revenue declined. Management projects a return to growth in the year ahead While the cost cuts may be pressuring Estée Lauder's top line today, management expects revenue to grow 0% to 3% in the year ahead on a constant currency basis. Given that possibility, today's sell-off could be an opportunity. While the stock has recovered strongly off its April lows, Estée Lauder remains a whopping 76% below its all-time highs of early 2022. Still, Estée Lauder trades at a lofty 40 times forward earnings, so investors will need to believe that more profit growth is at hand beyond next year in order for the stock to regain a meaningful portion of its multiyear decline. Should you invest $1,000 in Estée Lauder Companies right now? Before you buy stock in Estée Lauder Companies, consider this: The Motley Fool Stock Advisor analyst team just identified what they believe are the for investors to buy now… and Estée Lauder Companies wasn't one of them. The 10 stocks that made the cut could produce monster returns in the coming years. Consider when Netflix made this list on December 17, 2004... if you invested $1,000 at the time of our recommendation, you'd have $654,781!* Or when Nvidia made this list on April 15, 2005... if you invested $1,000 at the time of our recommendation, you'd have $1,076,588!* Now, it's worth noting Stock Advisor's total average return is 1,055% — a market-crushing outperformance compared to 183% for the S&P 500. Don't miss out on the latest top 10 list, available when you join Stock Advisor. See the 10 stocks » *Stock Advisor returns as of August 18, 2025 Billy Duberstein and/or his clients have no position in any of the stocks mentioned. The Motley Fool has no position in any of the stocks mentioned. The Motley Fool has a disclosure policy. Why Estée Lauder Dropped Today was originally published by The Motley Fool
Yahoo
25 minutes ago
- Yahoo
Analysis-US tech-stock stumble shows vulnerability in AI trade
By Lewis Krauskopf NEW YORK (Reuters) -U.S. technology shares are showing signs of vulnerability after a massive run, which has some investors pointing to overdone AI-driven gains while funds have taken steps to position away from the high-flying sector. Investors are looking to de-risk portfolios or lock in profits during a seasonally difficult period for stocks. Friday's looming speech by Federal Reserve Chair Jerome Powell at the annual Jackson Hole symposium is creating caution, investors said, with the potential for volatility if his comments fail to meet growing market expectations that the central bank is poised to cut interest rates. "When you have overcrowding and you have had such strong performance, it doesn't take much to see an unwind of that," said Keith Lerner, co-chief investment officer at Truist Advisory Services. "At the same time this week, everyone is waiting for the Fed, and there is repositioning ahead of that." The heavyweight S&P 500 tech sector fell sharply for a second consecutive session on Wednesday, putting its decline on the week at about 2.5%, while the tech-heavy Nasdaq Composite was off about 2% for the week. Shares of some highflyers, including Nvidia Corp and Palantir Technologies, were getting hit particularly hard. The pullback comes after a huge rally in which the tech sector soared over 50% through last week since the market's low for the year in April. That easily topped the 29% gain of the broader S&P 500 during that period and drove up valuations of tech stocks to lofty levels. Investors cited wariness about the artificial intelligence trade, which has been a key driver of tech stocks and the broader market as indexes have soared to record highs this year. Shares of Nvidia, the semiconductor giant that has symbolized the AI trade, have gained about 30% this year while shares of AI-focused data and analytics firm Palantir have roughly doubled year-to-date. Indeed, the tech sector's price-to-earnings ratio recently reached about 30 times expected earnings for the next 12 months, its highest level in a year, according to LSEG Datastream, while tech's share of the overall S&P 500's market value is nearly its highest since 2000. Recent cautionary signs included a study from researchers at the Massachusetts Institute of Technology that found that 95% of organizations are getting no return on AI investments, as well as comments by OpenAI CEO Sam Altman, who told tech news website the Verge last week that investors may be getting overexcited about AI. Since last week, some AI-linked shares have pulled back sharply: Nvidia has dropped about 5% while shares of Palantir have slumped some 16%. In Europe, stocks of so-called AI adopters have been under pressure over concerns over how powerful new AI models could disrupt the software sector. Still, some investors said, the caution is unlikely to be a sign that enthusiasm over AI is fizzling. 'These are price corrections," said Andrew Almeida, director of investments at financial planning network XYPN. "But if you look at the big picture, it's clear that more people will be investing more dollars in AI infrastructure. This is certainly not a 'reckoning' with the AI theme." JACKSON HOLE SEEN AS CRITICAL Investors also could be paring back their stock exposure during a traditionally rocky period for equities. August and September rank as the worst-performing months on average for the S&P 500 over the past 35 years, according to the Stock Trader's Almanac. "Valuations were stretched, these names have not taken a breather, and we're going into a tougher season for stocks," said King Lip, chief strategist at Baker Avenue Wealth Management. Other sectors such as consumer staples, healthcare and financials were up on the week, while relative strength for the equal-weight S&P 500 signaled to some investors a possible start of broadening of gains beyond the massive tech stocks that have led indexes higher. Powell's upcoming speech comes as Fed fund futures on Wednesday were indicating an 84% chance that the central bank will cut rates at its next meeting on September 16-17. Investors will be watching to see if Powell gives any indication that the central bank is on track for such a move or if he pushes back on the market's expectation for easing, which could spark volatility. Tech stocks tend to carry higher valuations which could make them sensitive to higher-than-expected interest rates going forward. "There are a lot of people who have overweighted tech, and it has worked for them," said Chuck Carlson, chief executive officer at Horizon Investment Services. "They don't want to get caught on the wrong side of that if in fact, the Fed doesn't do anything in September. So I think that is also causing (investors) to maybe not necessarily get out of tech, but to reduce the overweight a little bit."
