Tesla shares jump as profits rise on lower expenses
Tesla shares surged Wednesday after the electric car maker reported a jump in profits, as increased auto sales and lower expenses offset the drag from a drop in vehicle prices. The company, led by Elon Musk, reported third-quarter profits of $2.2 billion, up 17 percent from the year-ago period on an eight-percent increase in revenues […]
Elon Musk to unveil ‘Cybercab’ at Tesla robotaxi event
Tesla boss Elon Musk is to unveil a prototype of the firm’s long-awaited robotaxi, the Cybercab, at the Warner Bros Studios in Burbank, California on Thursday. Self-driving cars have long fascinated Mr Musk and he has made a series of bold predictions about them – including that they will save lives or earn their owners […]
Tesla cuts US prices for the fifth time since January
Tesla cut prices in the United States between 2% and almost 6%, according to its website reflected this Thursday. This is because the company extended a discount campaign for its electric vehicles that analysts warn could hurt its profitability. Tesla’s fifth such cut in the market since the start of the year comes as the […]
