Tesla (TSLA) reported first quarter results that missed analyst estimates on both the top and bottom lines. Adjusted earnings per share of $0.45 fell short of the $0.52 Wall Street was expecting. Revenue of $21.3 billion fell short of the estimated $22.3 billion. Operating income also missed, $1.17 billion versus the $1.53 billion estimate. However, the company said it plans to accelerate the launch of new models, including a more affordable one. Yahoo Finance's Julie Hyman and Jared Blikre are...
Elon Musk's new plan to use current product lines as the basis for new affordable vehicles - rather than springing for all-new models - follows the playbook of Tesla's old-school Detroit rivals, as some Tesla investors and analysts see it. The shift toward incremental improvement, mirroring a common strategy of Ford and General Motors, suggests the future of car-making that Musk has promised to disrupt may still look a lot like the past. Musk's new strategy followed an exclusive Reuters report...
“To the extent we can get a good price for what we’ve identified as non-core [businesses], we’ll do it. But too many of the offers are coming in low and people think we’re desperate to sell, and I can assure you we’re not,” said L3Harris CEO Chris Kubasik.
Tesla announced that it is changing its product plan to introduce cheaper
Makoto Kimura's Blue Rights to produce TV anime, films, manga, novels, more
By EDNA TARIGAN and ACHMAD IBRAHIM Associated Press JAKARTA, Indonesia (AP) — Apple CEO Tim Cook said the company is “looking at” manufacturing in Indonesia as he met with Indonesian President Joko Widodo on Wednesday. Widodo’s administration has worked for years to bring manufacturing to the country to power economic development, while Apple is seeking to
Apple CEO Tim Cook said the company is “looking at” manufacturing in Indonesia as he met with Indonesian President Joko Widodo on Wednesday
Southwest Airlines posted a disappointing Q1 2024 on Thursday, and CEO Bob Jordan noted that there may be sweeping changes coming to the boarding and seating process.
The National Audit Office says a £35m pilot to test the expansion of free childcare in a few areas was cancelled.
Oracle chairman Larry Ellison made the surprise announcement Tuesday that
Despite the asset's difficulty within the current market, Ripple Labs CEO
The teenage child of former Slack CEO Stewart Butterfield has been located safely after having run away from home, officials announced Sunday. Mint Butterfield, 16, was found in San Francisco at 11:30 p.m. local time Saturday, the Marin County Sheriff's Office said in a statement Sunday. Mint was last seen at home in Bolinas, California, on April 21 and was reported missing on the morning of April 22. Bolinas is about 30 miles northwest of San Francisco. San Francisco police found Mint in San...