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.

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Musk loses crown as world’s richest to software giant Larry Ellison

Oracle co-founder Larry Ellison wrested the title of the world’s richest man from longtime holder Elon Musk early Wednesday as stock in his software giant rocketed more than a third in a stunning few minutes of trading. That is according to wealth tracker Bloomberg. A college dropout, the 81-year-old Ellison is now worth $393 billion, Bloomberg says, several billion more than Musk, who had been the world’s richest for four years. The switch in the ranking came after a blockbuster earnings report from Oracle. Forbes still has Musk as the richest, however, valuing his private businesses much higher.

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Kevin Goetz, CEO of Screen Engine, shares how testing 3,000+ films—including Barbie—helps studios shape stories audiences love.

Scaling Prefab with AI: Dextall CEO Aurimas Sabulis Tackles Housing Crisis

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Star Trek plans Lego sets for the franchise’s 60th anniversary

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Robinhood joins new band of companies calling the S&P 500 their home

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How you too can become a Hollywood insider at a test screening

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Big Business This Week: Why does the Fed’s independence matter?

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LSD shows promise for reducing anxiety in drugmaker’s midstage study

A midstage study of the psychedelic drug LSD showed positive results for easing symptoms in people with generalized anxiety disorder.

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