Govt Cancels SPR Refill, Tesla's Big Miss Adds to Auto Mess

The US govt has cancelled plans to buy 3 million barrels of oil to replenish the strategic petroleum reserve due to high prices. Elsewhere Tesla reported an 8.5% decline in vehicles deliveries last quarter, the first decline since the height of the pandemic panic. This comes amid a flurry of economic data showing problems developing among all automakers, and not just EVs.

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