South Korean tech giant Samsung Electronics defied the coronavirus to report higher net profits in the second quarter Thursday, with strong demand for memory chips overcoming the pandemic’s impact on smartphone sales. Long known as the world’s biggest...
(Bloomberg) — General Motors Co. reported its first quarterly loss since it emerged from bankruptcy but said it sees a path to full-year profit and paying off debt if the economy remains stable during the second half of 2020. With plants running and customers...
(Bloomberg) — Tesla Inc. managed to stay profitable even in the midst of a global pandemic, but something is still nagging at Elon Musk: the electric-car maker isn’t growing fast enough. The positive quarterly earnings Tesla reported Wednesday were its fourth in...
Tesla CEO Elon Musk gestures during the Tesla China-made Model 3 Delivery Ceremony in Shanghai: AFP via Getty Images Tesla has posted a second-quarter profit for its fourth quarter in a row, with a net profit of US$104 million (approximately £81.9 million) in the...
(Bloomberg) — Daimler AG came through the worst of the coronavirus crisis better than feared and sees enough signs of recovery in auto demand to forecast a profit this year. After Tesla Inc. managed to stay profitable even in the midst of a global pandemic, the...
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