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…
Tesla hits milestone in reporting a profit for its fourth straight quarter
Tesla reported a profit for the fourth straight quarter on Wednesday, surpassing a key milestone for the perennially loss-making electric car company. The company reported net income of $110m for the second quarter with a net profit of $104m, which it…
Tesla Growth Is Musk’s Goal After Profit Positions Stock for S&P
(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…
The Last Of The First-Gen Tesla Roadsters Is Listed For A Crazy Amount
⚡️ Read the full article on Motorious How could this make any sense? Sometimes you buy a car not as a mode of transportation but because you know it’s a symbol of something greater. People do this all the time with anniversary edition models, pace car…
Microsoft, Tesla Earnings After Close, With China Tension To Start Session
The market’s age-old nemesis, tension with China, threatens to derail what started out as a pretty decent week. Earnings take center stage later on. The U.S. ordered China’s consulate in Houston shut “to protect American intellectual property.” China…
Elon Musk Unlocks $2.1 Billion Award as Tesla Hits Milestone
(Bloomberg) — Tesla Inc. Chief Executive Officer Elon Musk unlocked the second chunk of his moonshot pay award. The electric-car maker’s average trailing market value over six months rose above $150 billion on Tuesday, according to data compiled by…
Daimler Must Wish It Had Kept That Tesla Stake
(Bloomberg Opinion) — Tesla Inc.’s march to a $275 billion market capitalization has been pretty galling for Germany, the birthplace of the automobile. But the pain is felt most acutely at Daimler AG, which used to be a large Tesla shareholder. Had…
Tesla Euphoria Powers Equity Boom for Electric Imitators
(Bloomberg) — Tesla Inc.’s eye-popping run has left stock prognosticators in the dust, brought smaller imitators along for the ride and triggered a race by entrants new and old to cash in. It’s a phenomenon that alarms valuation experts and even…
Electric pickups are on the way, promising everything from bulletproofing to drinking fountains. Here are some of the wildest features to expect from Tesla, Rivian, and others.
Tesla Cybertruck. Tesla Electric pickup trucks are expected to flood the car market over the next couple of years, and many of them promise to pack cool and useful features. Tesla claims its Cybertruck will be bulletproof, Rivian has showed off an…