AT&T Inc. has plenty riding on its streaming ambitions as the erosion of its traditional video business continues. Premium TV declines accelerated last quarter, as AT&Ts T, +2.91% DirecTV and U-verse businesses shed a combined 778,000 subscribers…
Read More
Month: July 2019
Tesla Claims Record Deliveries and Production in Q2, but Revenue Below Projections
Earlier this month, Tesla announced another record-setting quarter when it came to how many cars it delivered to customers. But today, the company also announced in a letter to investors that it lost $408 million while doing it. This so-so news piggybacks on …
Read More
Harley-Davidson Rises After Dodging Trade War
Harley-Davidson slides past Trumps trade war, Nissan blames Carlos Ghosn for a massive profit drop, people still want to know if Tesla can make money, and much more for The Morning Shift of Wednesday, July 24, 2019. 1st Gear: What Tariffs? After many delays…
Read More
Tesla sold a record number of Model 3 units last quarter as revenue hits $6.3 billion
Tesla posted its earnings for the June quarter today and, per usual, there’s a lot to dissect. Revenue wise, the company generated $6.3 billion compared to $4 billion during the year-ago quarter. Analysts on Wall Street, meanwhile, were anticipating revenue t…
Read More
Despite $408 million loss, Tesla plans to make it up in volume
Despite being EVs, the Tesla Model S and Model X have stalled in the sales department this year. In 2018, the Model 3 set the bar high; achieving status as the best-selling EV in the world in, with 250,000 vehicles sold that year alone. Moving forward to th…
Read More