Tesla is making more cars than ever. If only it could make money. In its quarterly earnings report (pdf) on July 24, the electric car maker slid firmly back into the red, posting a $408 million loss for the second disappointing quarter this year. Despite th…
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Month: July 2019
After Hours: Facebook, Tesla, Ford Q2 Results Released
Should we just declare today a national holiday? We might as well call it Quarterly Results Day, since so many companies have published their latest fundamentals. We don’t have the real estate to cover every one that delivered their figures after the market …
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Tesla rounds out a record quarter for deliveries with a $408 million loss
Things were looking rather rosy for Tesla at the beginning of year, at least in terms of its bottom line, with the company entering 2019 on the back of consecutive profitable quarters. It’s a machine with a lot of moving parts, but the company has come up sho…
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Tesla Shares And Elon Musk’s Net Worth Tank As Record Sales Fail To Deliver Profits
Tesla CEO Elon Musk Mark Brake/Getty Images Tesla may have posted its best-ever deliveries of speedy electric cars in the second quarter, but that wasnt enough to pull the Elon Musk-led automaker back to profitability as it posted a worse-than-expected $38…
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Cruise Scales Up Self-Driving Car Tests As It Delays Driverless Ride Service Launch
Cruise won’t be providing paid rides to San Francisco customers in its robotic electric cars this year, but they will be much more common sites on city streets as testing is scaling up. Cruise Cruise, the self-driving tech startup backed by General Motors,…
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