Also, Amazon surpassed analysts' estimates of per-share earnings by 103 percent. Here's everything you should know this quarter. Hayden Field Published 7:50 am PDT, Thursday, August 2, 2018 Photo: Bloomberg | Getty Images Image 1of/1 CaptionClose Image 1 of 1 Photo: Bloomberg | Getty Images Apple Wins the Race to $1 Trillion: Here Are the Key Insights From This Quarter's Earnings Reports 1 / 1 Back to Gallery “Follow the money, and see where it goes.” That’s a line from Lin-Manuel Miranda’s hit musical Hamilton, but it’s just as applicable in 2018 -- especially when public companies release quarterly earnings reports. Within the last two weeks, a large swath of big names including Amazon, Facebook, Spotify, Apple and Tesla divulged revenue numbers. Some results weren’t … [Read more...] about Apple Wins the Race to $1 Trillion: Here Are the Key Insights From This Quarter’s Earnings Reports
Tesla earnings report
This could be Tesla’s most important earnings report in its history
Earlier this month Tesla announced a milestone. It finally made 5,000 Model 3s in a week. Wednesday, investors will get to find out the potential consequences to meeting that production goal. Tesla may have burned through even more precious cash. Rohan Williamson, a professor of finance at Georgetown University Business School, is not optimistic. "The signals over the recent months should be concerning to investors," Williamson said in an emailed statement. "The cash burn rate for the car business is very high and that is what we are seeing in Tesla. This is not surprising in general but the rate is particularly high" for Tesla. The company's last earnings report in May revealed it had eaten through $700 million in three months. That left its cash stockpile at $2.7 billion. Related: Has Elon Musk lost control of his hype machine? Analysts say demand for the Model 3 has waned recently because of long wait times. The Model 3 is aimed at a mass-market audience, but Tesla … [Read more...] about This could be Tesla’s most important earnings report in its history
Apple profit soars; Tariff threats; Tesla earnings
1. Apple profits: Apple sold essentially the same number of iPhones last quarter as it did a year prior, but sales and profits soared as it made more money from higher-priced devices. The tech company posted a $11.5 billion profit for the three months ending in June, up 32% from the same period a year ago. Apple's revenue increased 17% to $53.3 billion, a new record for its fiscal third quarter. The results highlight Apple's successful shift away from depending on selling more and more iPhones in order to grow its business. Apple stock rose more than 3% premarket following the earnings report. It's now within striking distance of becoming the first company to top a $1 trillion market value. Related: Watch CNNMoney's 'Markets Now' today at 12:45 p.m. ET Another development to consider: China's Huawei has passed Apple (AAPL) to become the world's second largest smartphone seller, according to research firms IDC, Canalys and IHS Markit. 2. Steeper tariffs? The Trump … [Read more...] about Apple profit soars; Tariff threats; Tesla earnings
Tesla is reportedly flying in non-manufacturing employees to help with Model 3 production (TSLA)
Mark Matousek, provided by Published 5:07 pm CDT, Tuesday, July 31, 2018 Tesla Tesla is bringing in non-manufacturing employees to help at its vehicle and battery production factories as it seeks to maintain a production rate of 5,000 Model 3 sedans each week, CNBC first reported. While Tesla has reassigned workers in the past to help boost production, the company is including a wider range of employees in the effort, including some from its energy business, according to CNBC. The move has reportedly put pressure on some of Tesla's other divisions, including vehicle service, where customers are reportedly experiencing longer wait times. CNBC first reported. Recommended Video: Now Playing: The electric carmaker reportedly wrote to suppliers for refunds for purchases dating back to 2016, an unusual move for the auto industry. Tesla has been struggling to ramp up production of its mass-market Model 3 car, that is crucial to helping the company … [Read more...] about Tesla is reportedly flying in non-manufacturing employees to help with Model 3 production (TSLA)
Tesla is reportedly flying in non-manufacturing employees to help with Model 3 production
Tesla is bringing in non-manufacturing employees to help at its vehicle and battery production factories as it seeks to maintain a production rate of 5,000 Model 3 sedans each week, CNBC first reported. While Tesla has reassigned workers in the past to help boost production, the company is including a wider range of employees in the effort, including some from its energy business, according to CNBC. The move has reportedly put pressure on some of Tesla’s other divisions, including vehicle service, where customers are reportedly experiencing longer wait times. Tesla is bringing in non-manufacturing employees to help at its vehicle and battery production factories as it seeks to maintain a production rate of 5,000 Model 3 sedans each week, CNBC first reported. The publication reports that employees from the company’s service centres and energy business are being flown to Fremont, California – where it makes cars – and Sparks, Nevada – where it makes … [Read more...] about Tesla is reportedly flying in non-manufacturing employees to help with Model 3 production