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$Tesla Motors$'s Shanghai factory is expected to produce 300,000 cars in the first nine months of the year, Reuters reports, citing unidentified sources.What Happened: According to the report, the plant has seen a delivery rush at the end of the July-September quarter despite the global semiconductor shortage.Around 240,000 vehicles were shipped from the factory in the first eight months.Reuters quoted an official in the area saying the factory is expected to produce 450,000 vehicles this year,

KEY POINTS Apple is taking a different approach with its smart home strategy than it does with its

The S&P 500 rose to an all-time high on Thursday as investors shrugged off a key inflation report that showed a bigger-than-expected increase in price pressures.The broad equity benchmark climbed nearly 0.5% to a record closing high of 4,239.18. The S&P 500 also hit an intraday record of 4,249.74, overtaking its May 7 high after the market traded sideways for a month. The Dow Jones Industrial Average advanced 19.10 points, or less than 0.1%, to 34,466.24, while the Nasdaq Composite gained about