The Volkswagen Group announced on Tuesday that its sales revenue in the first quarter of fiscal 2024 landed at €75.5 billion, declining by 1% compared to the same period a year earlier.Vehicle sales w
The move comes after the firm reported a sharp fall in deliveries in the first three months of 2024.
Tesla profits fell 55% to $1.13 billion in the first quarter from the same year-ago period as a protracted EV price-cutting strategy and “several unforeseen challenges” cut into the automaker’s bottom line. Tesla reported revenue of $21.3 billion in the first quarter, a 9% drop from the first quarter of 2023. Analysts polled by Yahoo Finance […] © 2024 TechCrunch. All rights reserved. For personal use only.
More than 1 in 5 cars sold globally this year is expected to be electric,
Critics say the new rules amount to freebies for China.
While ride-sharing took the pole position, Palihapitiya said the second-biggest opportunity was in Tesla's energy business. read more
It's a complicated time for the nation's largest EV market. California EV sales increased in the first quarter of 2024, but market share still fell, according to a new quarterly report from the California New Car Dealers Association (CNCDA). The absolute number of EVs sold in California grew from 89,741 in the fourth quarter of 2023 to 90,296 in
US-headquartered information technology and professional services firm Cognizant Technology Solutions (Cognizant) posted a decline in net profit by 5.9% year-on-year (YoY) to $546 million YoY, for the first quarter FY24 ending March due to a continued slowdown in discretionary spending by clients.The Nasdaq-listed firm had posted a net profit of $580 million in Q1 of FY23.Cognizant, whose majority of employees are based in India, follows the calendar year cycle from January to December.During...
Earnings miss notwithstanding, momentum continued to build for Tesla's stock, which was rallying 11% in after hours trading. That's in large part because the EV maker said it plans on adding to its lineup and marketing a cheaper EV as early as next year, while investing in robotaxis as well. These
DoorDash reported higher-than-expected revenue in the first quarter, as strong growth in U.S. grocery orders helped make up for slowing restaurant demand. But the company's shares fell 12% in after-hours trading Wednesday as investors appeared concerned about rising costs. DoorDash said its net loss narrowed to $23 million in the first quarter, compared to a loss of $161 million in the same period a year ago. The loss, of 6 cents per share, was higher than the 3-cent loss Wall Street had...
Auston Matthews scored the winner in the third period and added two assists as the Toronto Maple Leafs topped the Boston Bruins 3-2 on Monday to even their first-round playoff series 1-1. The star centre took a lob pass from Max Domi and moved in alone on Linus Ullmark before making a move to the forehand with 7:54 left in regulation time to give the Leafs their first lead against the Bruins in the last six games — including four in the regular season. The goal was the first for Matthews...