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The American company Tesla, specializing in the production of electric cars and solar panels, reported a net loss of $702,135,000 in the first quarter of 2019. The index slightly decreased compared with a loss of 709 million 551 thousand dollars a year earlier. The loss, which does not take into account one-time expenses and income, amounted to 2 dollars 90 cents per share, having decreased from 3 dollars 35 cents per share a year earlier, but being higher than economists' forecast of 1 dollar 15 cents per share. At the same time, Tesla Chief Financial Officer, Zach Kirkhorn, believes that the company can return to profit in the third quarter of this year. The company retained the forecast for the supply of electric vehicles in 2019 in the range from 360 thousand to 400 thousand cars. If the forecast is justified, then the supply for the year will increase by 45-65%. Since the beginning of the year, Tesla's capitalization has decreased by more than 22%.
On Friday, Caterpillar Inc (CAT.N) announced a lower second-quarter profit because of the recession caused by the coronavirus outbreak. The decline was due to lower sales volume and changes in dealer inventories. During the second quarter ...
On Thursday, the United States’ Gross Domestic Product (GDP) suffered the biggest economic decline in the second quarter as the surge of coronavirus cases affected the whole country. The U.S. government decided to shut down restaurants, ...
Samsung Electronics Co Ltd looks forward to the second half of the year as it expects a larger increase in chip demand brought by new smartphone launches. However, the company warned that the coronavirus crisis and trade disputes carry risks. Samsung, ...
The second quarter had seen Australian consumer prices dropping by a record. This could be attributed to the coronavirus crisis dragging child care cost and petroleum prices, inflicting a serious damage to years of growth toward higher inflation. Last ...
On Tuesday, Tesla Inc.’s (TSLA.O) Chief Executive Officer Elon Musk announced that the automotive company would start to open its licensing software to supply powertrains and batteries for other car manufacturers. “Tesla is open ...
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