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Wednesday, November 25, 2020
Transportation Tesla's losses expected to grow on Model 3 delays
Transportation Tesla's losses expected to grow on Model 3 delays

Tesla’s losses expected to grow on Model 3 delays

Other News

Two Fort Worth firms form strategic alliance

Mosaic Strategy Partners and SKM Communication Strategies form alliance After years of successful collaboration, two Fort Worth-based firms, Mosaic Strategy Partners (Mosaic) and SKM Communication...

Fort Worth advertising agencies take home regional awards

This story was reposted after it was lost during a website transition. Fort Worth advertising agencies and professionals won 37 awards at the 2020...

Exxon’s oil slick

Exxon Mobil is slashing its capital spending budget for 2020 by 30% due to weak demand caused by the COVID-19 pandemic and a market...

Folk music’s Mark Twain: 7 Essential tracks from John Prine,

NEW YORK (AP) — Some people, the songs just come out of them. For nearly half a century, they tumbled out of John Prine...

The day after Tesla and SpaceX CEO Elon Musk blasted his Tesla Roadster into space, his electric car company’s mounting losses are bringing him back to Earth again.

Wall Street expects Tesla to lose $3.15 per share for the fourth quarter. The automaker is struggling to meet production targets for its first mass-market car, the Model 3 sedan.

Tesla is expected to lose $8.90 per share for the full year, according to analysts polled by FactSet. The company has never made a full-year profit since it went public in 2010.

Tesla will report its earnings later Wednesday.

The company’s shares jumped 3 percent to $344.74 in morning trading after SpaceX successfully launched its Falcon Heavy rocket. Its cargo, Musk’s cherry red convertible, is now heading toward an asteroid belt between Mars and Jupiter.


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