58.5 F
Fort Worth
Wednesday, November 25, 2020
Technology Can Tesla drive to profits?
Technology Can Tesla drive to profits?

Can Tesla drive to profits?

Other News

A look at big issues on Supreme Court’s agenda

Some of the issues either already on the Supreme Court's docket when it begins its new session or likely to be before the justices...

Wall Street posts solid gains after surge in corporate deals

By ALEX VEIGA and DAMIAN J. TROISE AP Business Writers Wall Street kicked off the week with a broad rally Monday, clawing back much of...

Tarrant County ranks low in work-from-home study by NAR

North Texas ranks pretty high in the “Work from Home” category, according to a just-released study by the National Association of Realtors. But Tarrant...

Commentary: Universities and COVID-19: Charting turbulent times

Ray Perryman As the COVID-19 pandemic emerged this spring, college campuses across the United States swiftly sent students home in droves and switched to...

Tesla sold a record 97,000 vehicles last quarter. Now Wall Street wants to know if it’s making enough per vehicle to stem losses and create sustained profits. Wall Street analysts doubt it. Those polled by FactSet don’t expect Tesla to make even a small profit until the final three months of 2020. In a note to investors, Wedbush analyst Daniel Ives wrote that third-quarter earnings are a “fork in the road” moment, with Tesla either showing a path toward profits or staying on “this treadmill of kicking the earnings can further down the

road.” CEO Elon Musk last year pledged to be profitable in the future, and the company made money in the third and fourth quarters. But production delays for the Model 3 small car and high costs drove it to lose more than $1 billion in the first half of this year. Analysts expect Tesla to report an $83 million third-quarter net loss late this month or early in November. A big question is whether Tesla can generate profits on the Model 3, its least-expensive model starting around $39,000. In the third quarter, the Model 3 made up nearly 80,000 of Tesla’s sales


close






Oh hi there 👋
It’s nice to meet you.

Sign up to receive awesome content in your inbox.

We don’t spam! Read our privacy policy for more info.

Latest News

Left for dead, twice, RadioShack gets another shot online

SILVER SPRING, Md. (AP) — RadioShack, a fixture at the mall for decades, has been pulled from brink of death, again. It’s the most prized...

GM to recall 7M vehicles globally to replace Takata air bags

DETROIT (AP) — General Motors will recall about 7 million big pickup trucks and SUVs worldwide to replace potentially dangerous Takata air bag inflators. The...

New law seeks additional fees on electric vehicles. Here’s how many EVs are in Fort Worth and how much it can cost

A Texan lawmaker is attempting to levy additional fees on electric vehicles (EV) that could cost North Texas EV drivers collectively more than $2.5...

E-commerce firm that acquired Pier 1, takes RadioShack assets

Look who is joining former Fort Worth home furnishing retailer Pier 1 Imports at e-commerce-focused business, Retail Ecommerce Ventures (REV): Fellow storied Fort Worth...

Huge Puerto Rico radio telescope to close in blow to science

SAN JUAN, Puerto Rico (AP) — The National Science Foundation announced Thursday that it will close the huge telescope at the renowned Arecibo Observatory...