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 than 7,000 nurses walked off the job Monday morning after contract negotiations with two of New York City's biggest hospitals failed over the weekend.
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The United Nations' global index for tracking food prices fell 1.9 percent in December after hitting an all-time high in 2022 amid drought, war, pandemic, and supply chain challenges.
