West Virginia Online PowerBroker West Virginia Online PowerBroker
HOME SECTIONS SEARCH NEWS FINANCE MY ACCOUNT ABOUT
Thu, April 25 // 12:49AM est. Good Morning! Login New Shopper? Start Here New Business? Start Here
West Virginia Online PowerBroker



Finance

 
Financial News


Tesla to keep some stores open, but online order system continues, Musk saysExternal Link

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 will be "essentially information centers," where people would buy Tesla merchandise, test-drive cars, and get more information about the vehicles, Musk said.

Market Pulse Stories are Rapid-fire, short news bursts on stocks and markets as they move. Visit MarketWatch.com for more information on this news.


Wed, 24 Apr 2019 22:25:43 GMT
West Virginia Online PowerBroker
Tesla to return to profits in third quarter, CFO saysExternal Link

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 making terrific progress on improving the cost efficiency of the business without sacrificing growth," he said. Chief Executive Elon Musk said last month Tesla was likely to return to profits in the second quarter. Earlier Wednesday, the company reported a wider-than-expected first-quarter loss and revenues that missed the mark. Tesla was GAAP and non-GAAP profitable in the third and fourth quarters of 2018.

Market Pulse Stories are Rapid-fire, short news bursts on stocks and markets as they move. Visit MarketWatch.com for more information on this news.


Wed, 24 Apr 2019 22:13:38 GMT
West Virginia Online PowerBroker
Musk: Model Y production site 'tough call' between California, NevadaExternal Link

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, and Tesla expects to reach a final decision very soon. In the meantime, all tooling and equipment for the Model Y are being ordered and the question of where to build it is not expected to delay production. Musk was speaking during a call with analysts following first-quarter results Wednesday.

Market Pulse Stories are Rapid-fire, short news bursts on stocks and markets as they move. Visit MarketWatch.com for more information on this news.


Wed, 24 Apr 2019 22:01:28 GMT
West Virginia Online PowerBroker
Tesla to offer insurance in about a month, Musk saysExternal Link

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 about an insurance program that would "simplify ownership" and to take into account Autopilot, Tesla's suite of advanced driver-assistance systems. Tesla earlier Wednesday reported a wider-than-expected quarterly loss and revenue also missed Wall Street expectations.

Market Pulse Stories are Rapid-fire, short news bursts on stocks and markets as they move. Visit MarketWatch.com for more information on this news.


Wed, 24 Apr 2019 21:55:13 GMT
West Virginia Online PowerBroker
Tesla's Musk: More than half of Q1 deliveries took place in last 10 days of quarterExternal Link

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. As a result, large number of vehicle deliveries were shifted to the second quarter, affecting the first quarter's net income as Tesla "could not get the vehicles to customers in time," Musk said. Tesla is working on balancing out its overseas and North American deliveries, which will put much less strain on Tesla, result in a much better delivery experience for customers, and have a "very positive" effect on our working capital in the middle of the quarter, Musk said. Tesla earlier on Wednesday reported a wider-than-expected first-quarter loss and revenue also missed Wall Street expectations.

Market Pulse Stories are Rapid-fire, short news bursts on stocks and markets as they move. Visit MarketWatch.com for more information on this news.


Wed, 24 Apr 2019 21:46:05 GMT
West Virginia Online PowerBroker


West Virginia Online PowerBroker
In The Spotlight...
River Expeditions
Experience real adventure in the scenic, historic New River Gorge National Park in West Virginia. Discover amazing rafting, rock climbing, mountain biking, ATV touring, horseback riding and more. Let River Expeditions host your trip for memories that last a lifetime. Our affordable vacation packages include lodging, meals, adventures and attractions. Rafting is a must… something the entire family can enjoy together for years to come.



Site Statistics
Memberships 2735
Business Listings 4154
Home | Sections | Search | News | Finance | My Account | Terms and Conditions | Privacy Policy

© 2019 Citynet. All Rights Reserved.