Tesla Inc. could return to profits by the third quarter, Chief Financial Officer Zachary Kirkhorn said in a call with analysts Wednesday. Tesla made price adjustments in its vehicles in the first quarter, which put pressure on margins, which will still be seen in the second quarter, he said. Tesla is “working extremely hard and
Tesla Inc. will continue to have stores and even add stores, provided such stores have “high foot traffic,” Chief Executive Elon Musk said in a call with analysts after Tesla reported first-quarter results late Wednesday. Conversely, it will close stores that have low foot traffic, he said. Customers will still order vehicles online, and stores
More than half of Tesla Inc. first-quarter deliveries occurred in the last 10 days of the quarter, Chief Executive Elon Musk said in a call with analysts after the Silicon Valley car maker’s results. It was “the most difficult logistics I have ever seen, and I’ve seen some tough ones,” Musk said on the call.
Tesla Inc. is creating an insurance program and hopes to offer it in about a month, Chief Executive Elon Musk said in a conference call with analysts after the Silicon Valley car maker’s first-quarter results. The product would be “much more compelling than everything else out there,” Musk said. Musk was responding to a question
Tesla Inc. Chief Executive Elon Musk said the company is still undecided on where to build the Model Y. It could build the compact SUV, unveiled earlier this year, at its Fremont, Calif. factory or at its battery factory outside of Reno, Nev., Musk said. It will be a “tough call” between those two states,
The home builder sector was knocked broadly lower morning trade Monday, after data showing that existing-home sales for March fell more than expected. The iShares U.S. Home Construction ETF dropped 1.1%, with 40 of 47 components trading lower, to pull back from Thursday’s 8-month closing high. Among the most-active home builder shares, D.R. Horton Inc.
Sirius XM Holdings Inc. announced Monday a new “Essential” streaming-only subscription plan, aimed at those who want to listen to its radio service without a car. The cost of the subscription plan, which includes more than 300 channels, will start at $1 a month for the first three months, then increase to $8 a month.
Shares of energy companies were broadly higher Monday, as crude oil prices jumped toward a 5 1/2-month high on supply concerns after reports that the U.S. will announce the end of waivers for countries to import Iranian oil. Also giving the sector a boost was better-than-expected first-quarter results from oil services company Halliburton Co. before
The Supreme Court on Monday said it will hear cases on sexual orientation and transgender discrimination in the workplace. The Supreme Court said it’s combining two cases, Gerald Bostock v Clayton County, Ga., and Altitude Express vs. Melissa Zarda, and will limit R.G. & G.R. Harris Funerals v. the EECO to whether Title VII prohibits
U.S. stocks fell Monday morning ahead of a big week for corporate quarterly results from internet-related stocks, and as oil prices shot higher as the U.S. said it would end waivers for countries importing Iranian crude. The Dow Jones Industrial Average fell 87 points, or 0.3%, at 26,468, the S&P 500 index declined 0.3% at