{"id":641995,"date":"2024-04-22T09:45:30","date_gmt":"2024-04-22T04:15:30","guid":{"rendered":"https:\/\/infralive.com\/web\/?p=641995"},"modified":"2024-04-22T10:16:45","modified_gmt":"2024-04-22T04:46:45","slug":"exxon-mobils-market-value-surpasses-teslas-as-oil-rises-ev-sales-slow","status":"publish","type":"post","link":"https:\/\/infralive.com\/web\/exxon-mobils-market-value-surpasses-teslas-as-oil-rises-ev-sales-slow\/","title":{"rendered":"Exxon Mobil&#8217;s market value surpasses Tesla&#8217;s as oil rises, EV sales slow"},"content":{"rendered":"<p>Exxon Mobil Corp. surpassed Tesla Inc. in market value for the first time in more than a year after the electric vehicle maker\u2019s sales slowed and investors bet on consumers\u2019 reluctance to ditch gas-powered cars. <\/p>\n<p>Tesla is down 41 per cent in a punishing start to the year, marked by renewed growth worries, widespread job cuts and its first year-over-year sales drop since the early days of the pandemic. Meanwhile, Exxon has finally arrested a decade-long production decline with fast-growing oil developments in Guyana and the Permian Basin, maximizing the benefit of crude\u2019s 16 per cent gain this year.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Exxon Mobil Corp. surpassed Tesla Inc. in market value for the first time in more than a year after the electric vehicle maker\u2019s sales slowed and investors bet on consumers\u2019 reluctance to ditch gas-powered cars. Tesla is down 41 per cent in a punishing start to the year, marked by renewed growth worries, widespread job cuts and its first year-over-year sales drop since the early days of the pandemic. Meanwhile, Exxon has finally arrested a decade-long production decline with fast-growing oil developments in Guyana and the Permian Basin, maximizing the benefit of crude\u2019s 16 per cent gain this year.<\/p>\n","protected":false},"author":40,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[135,130,169],"tags":[],"class_list":["post-641995","post","type-post","status-publish","format-standard","hentry","category-business-standard-newspapers","category-newspapers","category-oil-gas-business-standard-newspapers"],"acf":[],"_links":{"self":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/641995","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/users\/40"}],"replies":[{"embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/comments?post=641995"}],"version-history":[{"count":0,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/641995\/revisions"}],"wp:attachment":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/media?parent=641995"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/categories?post=641995"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/tags?post=641995"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}