Tesla Reported Earnings and Says It Will Be Better About Meeting Production Deadlines

Tesla reported earnings after the bell today. The company beat on EPS with $-3.04 versus estimates of $-3.12 and met on revenue with $3.29 billion. The company focused on Model 3 production numbers. Tesla said it is expected to produce 2,500 cars per week by the end of the first quarter and 5,000 Model 3 cars a week by the end of the second quarter. Cash burn did slow for the company in the latest quarter. But Tesla also reported that it would spend more money in 2018 than it did in 2017.

More In Business

Softbank to Receive $7.59B Worth of T-Mobile Shares

Softbank to Receive $7.59B Worth of T-Mobile Shares

Workers' Strike Shuts down Eiffel Tower

Workers' Strike Shuts down Eiffel Tower

Amazon to Introduce Ads on Prime Video on Jan. 29

Amazon announced it would be bringing advertisements to its streaming service, Prime Video, at the end of January.

The New York Times Sues Microsoft and OpenAI

The New York Times has filed a lawsuit against Microsoft and Open AI, accusing both of infringing copyright and abusing the intellectual property of the newspaper.

Study: Why People Work During the Holidays

A new study is revealing how many people worked over the Christmas holiday.

Bristol Myers Squibb to Buy Cancer Drug Developer RayzeBio

Bristol Myers Squibb says it will buy drug developer RayzeBio for about $4.1 billion.

Pizza Hut to Lay Off Over 1,200 Delivery Workers

Pizza Hut is set to lay off more than 1200 delivery workers in Los Angeles, Orange and Riverside counties in California.

Online Retailer Zulily Shuts Down

Online retailer Zulily said it's liquidating its assets and laying off hundreds of people.

New Drug May Help Children With Food Allergies

A new drug may provide relief to children against severe allergic reactions to peanut eggs, milk and other foods.

How to Make Your Resume Shine for 2024

Many people are thinking of their New Year's resolutions and resetting goals. Phyllis Ehrlich, career coach and president of Rocket Your Potential, joined Cheddar News to provide tips on how to polish up your resume for 2024 and explain why you should.

Load More