Tag: quarter
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Apple’s next iPhone might be in short supply, at least at first
Here’s one negative takeaway from Apple’s otherwise stellar earnings report: New iPhones and iPads might be hard to obtain this fall. This is according to Apple’s CEO Tim Cook and CFO Luca Maestri, who spoke about the issue during the earnings call (via MacRumors). “We expect supply constraints during the September quarter to be greater…
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Tata Motors surges as Big Bull & marquee investors meet top brass
MUMBAI: Shares of Tata Motors jumped in commerce on Monday as the company’s management began its five-day-long encounters with a number of the greatest names in the investment world.The company in an exchange filing stated that it could be holding meetings with shareholders like Rakesh Jhunjhunwala’s Rare Enterprises, Blackrock Investment, Abu Dhabi Investment Authority, Franklin…
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Go for cement; copper could be a big bet: Trivedi
EVs might be a bigger reality five years from now but in the next 12 to 24 months, I do not think that is really a big deal, says Gautam Trivedi, Co-Founder & Managing Partner, Nepean Capital. Is it a good time to buy a Sobha or a Godrej or Indiabulls Real Estate in this…
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Tesla shares surge 10% to record high after 2nd-quarter deliveries beat estimates (TSLA)
Tesla shares continued its winning streak on Thursday after the company announced Q2 delivery statistics which beat analyst estimates. Tesla delivered 90,650 vehicles vs analyst estimates for 83,000. The company’s production rates were down 20% because of COVID-19 stopping production at its Fremont factoryoutlet. Generation at its Fremont mill has been ramped up back into…
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JPMorgan boosted its Tesla stake by 600% last quarter, potentially scoring it a $1 billion return
Getty Images JPMorgan Chase potentially made $ 1 billion over in Tesla in under two weeks. The lender’s investment arm boosted its position by 600 percent last quarter to approximately 2.5 million shares. Those shares have approximately tripled in value to $2.1 billion thanks to Tesla’s stock rally. JPMorgan sold in the perfect moment and…
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Sunrun Sales Outpace Installations in Q3 as Labor Crunch Hits Home
Sunrun met expectations for solar installations in the next quarter, but a tight labour market is getting in the way of its growth objective. The San Francisco-based firm delivered 107 megawatts at Q3, up 7 percent last year. That struck the low end of the guidance for this past year 's actions; Sunrun has met…
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Lyft’s slumping stock price cost General Motors $214 million last quarter (LYFT, GM)
Lyft General Motors’ third-quarter financials were adversely affected by Lyft’s struggling stock price. The stock’s 28% rout during the three-month period cost GM $0.15 a share, or roughly $214 million. Despite the slump, GM’s investment, originally made in 2016 for self-driving innovation, is most likely still in the green. Visit Business Insider’s homepage for more…
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Nio lays off employees, sells racing team amid cash crunch
(Image credit: Nio) Chinese electric car maker Nio is allegedly Cutting around 40 percent of employees on its payroll focused on the study and development and advertising teams, although it’s going to also sell its Formula E staff as it deal with a liquidity crisis. Why it matters: Nio has taken a string of Measures…
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Tesla’s Megapack battery is big enough to help grids handle peak demand
Image: Tesla Tesla declared a new massive battery now called Megapack which could replace so-called “peaker” electricity plants, which provide energy every time a neighborhood electrical grid gets overloaded. Tesla states that Pacific Gas and Electric (PG&E) will set up several Megapacks at Moss Landing on Monterrey Bay in California, which will be among four…
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Tesla has a new energy product called Megapack
Tesla has launched a new utility-scale energy storage product called Megapack modeled after the giant battery system it deployed in South Australia as the company seeks to provide an alternative to natural gas “peaker” power plants. Megapack is the third and largest energy storage system offered by Tesla. The company also sells the residential Powerwall…