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U.S. consumer prices rose solidly in August, with the cost of used cars and trucks accelerating by the most in more than 51 years likely as Americans shunned public transportation because of fears of contracting COVID-19. The report from the Labor Department on Friday also showed a firming in underlying inflation last month, putting fears of deflation to rest. "Consumer prices are rebounding from the pandemic shock, but as supply shortages are resolved, upward price increases should moderate,"
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Tesla is planning to export Model 3 vehicles made in China to Asian and European markets, two sources familiar with the matter told Reuters on Friday. The U.S. automaker, which started delivering Model 3 electric sedans from its Shanghai factory in December, also plans from next year to sell China-made Model 3 vehicles to Japan and Hong Kong, one of the sources said. Tesla did not immediately respond to a request for comment.