Tesla’s $200 Billion Question Remains Unanswered
(Bloomberg Opinion) — You know Tesla Inc. is maturing as a carmaker when it manages to be slightly dull. Wednesday evening’s earnings update was even more eagerly anticipated than usual after the recent surge in its share price. Elon Musk’s company…
Constance Woodson Worked Hard All Her Life. How Did She End Up Homeless During a Pandemic?
A few days after her 60th birthday, Constance Woodson took in the early-June sun on a bench in New York City’s Madison Square Park. Masked, except when she sipped her coffee, she reflected on her luck. The good news was that, in the midst of a pandemic,…
Mass Transit Is the Way to Get Cities Moving Again
(Bloomberg Opinion) — As the coronavirus pandemic continues, Bloomberg Opinion will be running a series of features by our columnists that consider the long-term consequences of the crisis. This column is part of a package on the future of…
Ahead of hearing with big tech CEOs, Cicilline says a Biden presidency would lead to regulation next year
WASHINGTON — A top Democrat leading an antitrust investigation into the nation’s top technology companies said Wednesday his committee will release a report by the end of August with recommendations on legislation that Congress could pass into law as…
Banks told customers will need to wear masks
Customers, wearing a face mask or covering due to the Covid-19 pandemic, socially distance as they queue to enter a NatWest bank in Blackburn – Paul Ellis/AFP Coronavirus Article Bar with counter .. Banks have been told customers will need to wear…
Tesla, posting a crucial profit, unveils Austin factory plan
With Tesla crossing a key financial milestone and enjoying a dizzying climb in the value of its stock, the company is treating itself to a splurge: a new factory. After months of speculation and unconfirmed reports, Chief Executive Elon Musk previewed…
Singapore’s Vision to Attract Tech Listings Met With Skepticism
(Bloomberg) — With its new pact with Nasdaq Inc., Singapore Exchange Ltd. has thrown its hat into the ring to attract listings from the world’s hottest sector. But skepticism abounds over whether this strategy will succeed. The Singapore exchange…
STMicro Raises 3Q and FY Guidance on Improved Market Conditions
(Bloomberg) — STMicroelectronics NV, the chipmaker that supplies Apple Inc. and Tesla Inc., raised both its third quarter and full year revenue forecasts as it sees “improved market conditions” through the end of the year. The company said…
Tesla is poised to join the S&P 500 after turning another profit; Elon Musk says its cars will become ‘5x more valuable’
Our mission to help you navigate the new normal is fueled by subscribers. To enjoy unlimited access to our journalism, subscribe today. Tesla reported its fourth quarterly profit in a row Wednesday, positioning the electric-car maker as a leader in an…
Tesla shares soar after positive earnings report and news it will build its Cybertruck in Austin, Texas
Tesla took another shot at its skeptics by delivering solid second-quarter earnings — and its fourth consecutive quarterly profit — even amid the coronavirus pandemic. The California-based automaker also announced on Wednesday that it will move ahead on…