By Bhargav Acharya 4 Min Read (Reuters) – A Reddit user who claimed in a post a month ago to be a Tesla Inc insider and knew about the electric car maker’s purchase of bitcoin said on Tuesday that his assertions were not true. FILE PHOTO: Representations of virtual currency Bitcoin are seen in front… Continue reading Reddit user claiming to be Tesla insider now says bitcoin posts were not true
Tag: Financial Results
GOP Sen. Patrick Toomey’s son poured money into GameStop during the stock’s most volatile stretch — then sold out a day later as his father warned of a ‘bubble’ market (GME)
Sen. Pat Toomey said Jan. 28 the GameStop stock surge “has all of the characteristics of a bubble.” Toomey’s son that same day sold GameStop stock for between $1,001 and $15,000, per financial disclosures. An ethics watchdog said while the trades are legal, “it sure doesn’t look good from the outside.” Visit the Business section… Continue reading GOP Sen. Patrick Toomey’s son poured money into GameStop during the stock’s most volatile stretch — then sold out a day later as his father warned of a ‘bubble’ market (GME)
Lyft: Lyft Announces Fourth Quarter and Fiscal Year Results
Fourth quarter revenue of $570 million grew 14% quarter-over-quarterExceeded annualized fixed cost reduction target in Q4Positioned for strong organic growth and margin expansion as the recovery takes hold SAN FRANCISCO, Feb. 09, 2021 (GLOBE NEWSWIRE) — Lyft, Inc. (Nasdaq:LYFT) today announced financial results for its fourth quarter and fiscal year ended December 31, 2020. “Despite… Continue reading Lyft: Lyft Announces Fourth Quarter and Fiscal Year Results
Lyft says cost cuts, coming ride recovery could bring third-quarter profit
By Tina Bellon, Akanksha Rana 5 Min Read (Reuters) – Lyft Inc said on Tuesday it could make an adjusted profit by the third quarter of this year despite the pandemic thanks to additional cost cuts and an expected rebound in ride-hail demand beginning in the second quarter of 2021. FILE PHOTO: The Lyft Driver… Continue reading Lyft says cost cuts, coming ride recovery could bring third-quarter profit
Lyft shares jump 10% after its earnings reveal cost cutting and signs of pandemic recovery (LYFT)
Lyft on Tuesday reported $569.9 million in Q4 revenue, beating expectations of $562.49 million. Lyft reported GAAP losses per share of $0.58, beating analyst expectations of a $0.72 loss per share. Lyft shares jumped 10% as the company said it expects to be profitable by Q4 2021. Visit the Business section of Insider for more… Continue reading Lyft shares jump 10% after its earnings reveal cost cutting and signs of pandemic recovery (LYFT)
Tesla grew its workforce by nearly 50% during its monumental 2020 (TSLA)
Tesla grew its global workforce by well over 20,000 people last year. The company now employs at least 70,000 people, a nearly 50% gain over the previous year. Tesla is poised to add more workers in 2021 as it prepares to open factories in Texas and Germany. Visit the Business section of Insider for more… Continue reading Tesla grew its workforce by nearly 50% during its monumental 2020 (TSLA)
The research lab where Tesla plans to design a $25,000 car will be up and running this year, executive says
The head of Tesla in China said the company’s research and development center will be running within the year. The site will design Tesla’s new $25,000 autonomous electric car. The center is part of Elon Musk’s plans to capitalize on China’s lucrative EV market. Visit the Business section of Insider for more stories. The head… Continue reading The research lab where Tesla plans to design a $25,000 car will be up and running this year, executive says
Tesla’s investment in China is paying off — its sales more than doubled last year
Tesla’s revenue in China more than doubled last year as the American electric-car manufacturer further pushed into the Asian market. In 2019, Tesla generated approximately $3 billion in China. By 2020, that revenue had ballooned to $6.6 billion, according to Tesla’s annual 10-K report with the Securities and Exchange Commission which was first reported by… Continue reading Tesla’s investment in China is paying off — its sales more than doubled last year
Elon Musk’s $1.5 billion bet on bitcoin has exposed Tesla to ‘immense’ risk that could wipe out its profits, analysts say
Elon Musk’s Tesla snapped up $1.5 billion of bitcoin in January, but analysts said it was a risky move Frederic J. Brown/Getty Images Tesla’s decision to buy up $1.5 billion of bitcoin exposes Elon Musk’s electric car company to “immense” risks that could wipe out its annual profit if the cryptocurrency’s price plunges, a Saxo… Continue reading Elon Musk’s $1.5 billion bet on bitcoin has exposed Tesla to ‘immense’ risk that could wipe out its profits, analysts say
Audi’s new 2022 e-tron GT is a real electric performance sedan, not just another electrified crossover
Audi revealed Tuesday the 2022 e-tron Quattro GT and its higher-performing sibling the RS e-tron GT — flagships of the German automaker’s growing electric vehicle portfolio and its first departure from the crossovers and SUVs that have so far dominated the lineup. The Audi e-tron GT and RS are the third and fourth all-electric vehicles… Continue reading Audi’s new 2022 e-tron GT is a real electric performance sedan, not just another electrified crossover