Business Archives

27 Jul

Tesla tops $1 billion in profit, delays Semi launch

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Tesla Inc.s profit topped $1 billion for the first time in the company's history and its sales nearly doubled, zooming past Wall Street expectations, but there was no stock rally late Monday as limited battery supply and the ongoing chip shortage crimped the Silicon Valley electric-car makers output and forced it to delay the launch of its commercial truck. Tesla TSLA, +2.21% said it earned $1.14 billion, or $1.02 a share, in the second quarter, compared with $104 million, or 10 cents a share, in the year-ago quarter. Adjusted for one-time items, the company earned $1.45 a share. Revenue rose…

Why China isn’t celebrating the phase one trade deal

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Fun, as you might imagine, was not how I would describe this adventure. Awesome? Yes. Fun? No. N.O. No way. But would I do it again? If I could rewind to that moment when the alarm went off at 4:30 a.m. to throw on clothes, grab our packs and trek up that mountain, would I? You bet your buttons I would. Here’s lives at the intersection of fun and scary. One of my companions summed the whole experience up perfectly. He leaned back in his chair at dinner that night, shrimp taco in hand, “These are the kinds of experiences…

Samsung’s partnership with Microsoft helps them both

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Fun, as you might imagine, was not how I would describe this adventure. Awesome? Yes. Fun? No. N.O. No way. But would I do it again? If I could rewind to that moment when the alarm went off at 4:30 a.m. to throw on clothes, grab our packs and trek up that mountain, would I? You bet your buttons I would. Here’s lives at the intersection of fun and scary. One of my companions summed the whole experience up perfectly. He leaned back in his chair at dinner that night, shrimp taco in hand, “These are the kinds of experiences…