21h ago
MotorTrend clocks 2026 Tesla Model 3 Performance at 2.9 seconds to 60 mph, starting at $56,380
MotorTrend testing puts the 2026 Tesla Model 3 Performance at 2.9 seconds to 60 mph, with an 11.1-second quarter mile at 123.2 mph, starting at $56,380. The outlet said the results outpace similarly priced alternatives, citing models such as the Corvette and the Hyundai Ioniq 5 N. The car is positioned as “attainable performance,” highlighting Tesla’s limited competition in mainstream high-performance EVs and its pricing leverage. The report frames the test as a stronger-than-expected product validation rather than earnings or delivery data, implying a medium-strength catalyst for the stock.
21h ago
1d ago
Sleep Number seeks Chapter 11 protection in New York, lines up $415M sale
Smartbed maker Sleep Number filed for Chapter 11 bankruptcy protection in New York on June 12 with about $672 million in debt. The company cited inflation, tariffs and supply chain disruptions that drove up costs and contributed to ongoing losses, including $319 million in net sales and a $50 million net loss in the first quarter of 2026. It plans to sell the business to Sleep Country Canada for $415 million, pending court approval. Operations are expected to continue during the restructuring, though the company said its common stock is likely to be canceled in the process.
1d ago