Tesla has begun the production on its Model Y electric all-wheel-drive crossover SUV months ahead of its previous announcement, and the company expects to deliver the first Model Y units by March 2020, according to Tesla in its Q4 FY2019 report. The producti…
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Month: January 2020
GM will reportedly debut an all-electric Hummer during the Super Bowl this Sunday. Here’s a look back at the vehicle’s storied past.
A decade after General Motors discontinued the Hummer brand in the face of a bankruptcy, rising gas prices, and a decline in demand for the military-inspired SUV, it may soon be back in the form of an electric pickup truck. Unnamed sources quoted by The Wal…
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Tesla posts first annual profit — still loses $862M
Despite its popularity and strong sales figures, Tesla seems to have turned a corner recently after posting its first annual profit, kind of. According to CNN, in operating terms, Tesla posted a $386 million profit across the last three months of 2019. This …
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Apple, Facebook, and Warren Buffett: Here’s the top 25 stocks for millennials
Millennial investors are hooked on two different kinds of stocks: Tech, and Warren Buffetts Berkshire Hathaway. Apex Clearings recent analysis of 734,000 portfolios presents the top 100 most-popular stocks with US-based investors with an average age of 31. …
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Business this week
Feb 1st 2020 The problems mounted at Boeing, as it more than doubled the cost it expects to incur from the grounding of the 737 MAX airliner, to $18.6bn. The aerospace company reported a net loss of $636m for 2019, its first annual loss in 22 years. The amou…
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