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In the second quarter, supplies of Tesla electric vehicles reached a record level of 95.2 thousand cars. The figure jumped 51.1% from the first quarter, exceeding the economists' estimate of 91 thousand cars. The quarterly sales figure includes 77.55 thousand of Model 3 and 17.65 thousand of Model S and Model X. Over the previous quarter, the American automaker recorded a decline in sales of new electric vehicles by 31%. The number of cars produced by Tesla during the earnings period amounted to 87.048 thousand cars, which also became a record figure. The company is optimistic about further growth in sales and production. At the beginning of the year, Tesla announced the forecast for the current year, which involves the supply of 360 thousand to 400 thousand vehicles per year. However, the results of the first half of the year, during which only less than 160 thousand cars were sold, cast doubt on the implementation of this forecast.
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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