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Tesla says its 4Q profit up 59%, expects strong margins

10 days ago   |   By Chron

DETROIT - Tesla on Wednesday posted record net income in the fourth quarter of last year, and the company predicted that additional software-related profits will keep its margins higher than any other automaker.
The Austin, Texas, maker of electric vehicles and solar panels said it made $3.69 billion from October through December, or an adjusted $1.19 per share. That beat estimates of $1.13 that had been reduced by analysts, according to FactSet. The company's profit was 59% more than the same period a year ago.
Revenue for the quarter was $24.32 billion, which fell short of the $24.67...
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Tesla's Profit Jumped 12% in Fourth Quarter

10 days ago   |   By NY Times

The electric car company is facing intensifying competition, supply chain disruptions and concerns about the behavior of Elon Musk.
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EU will face fuel shortages and soaring energy prices - Hungary

EU will face fuel shortages and soaring energy prices - Hungary

The bloc agreed a price cap on Russian oil products earlier this week following heated debate EU member states will inevitably be hit by fuel shortages and skyrocketing energy... Read more ...

Schedule for Week of February 5, 2023

Schedule for Week of February 5, 2023

This will be light week for economic data. The key report this week is the December trade deficit. --- Monday, February 6th --- No major economic releases scheduled... Read more ...

Don't Be Stupid - The U.S. Economy Actually LOST 2.5 Million Jobs Last Month

Don't Be Stupid - The U.S. Economy Actually LOST 2.5 Million Jobs Last Month

I can't take it anymore. Fake numbers that are released by the government get turned into fake news by the corporate media, and many Americans don't even realize that they are... Read more ...

EU will face supply shortages after Russian oil ban - Bloomberg

EU will face supply shortages after Russian oil ban - Bloomberg

New refineries in the Middle East are reportedly facing delays With a looming ban on the supply of Russian petroleum products, the European Union needs to find alternative... Read more ...

A jury clears Elon Musk of wrongdoing related to 2018 Tesla tweets

A jury clears Elon Musk of wrongdoing related to 2018 Tesla tweets

The verdict by the nine jurors was reached after less than two hours of deliberation following a three-week trial and represents a major vindication for Musk. Read more ...

EU agrees on new price caps for Russian oil

EU agrees on new price caps for Russian oil

Limits on refined oil products will go into effect on February 5 The European Union will set the price of refined petroleum products imported from Russia at $100 per barrel for... Read more ...

Lawler: Net Home Orders and Sales Cancellations of Large Publicly-Traded...

Lawler: Net Home Orders and Sales Cancellations of Large Publicly-Traded Home Builders

Today, in the Calculated Risk Real Estate Newsletter: Lawler: Net Home Orders and Sales Cancellations of Large Publicly-Traded Home Builders A brief excerpt: Note from Bill... Read more ...

US adds a surprisingly strong 517,000 jobs despite Fed hikes

US adds a surprisingly strong 517,000 jobs despite Fed hikes

U.S. employers added a robust 517,000 jobs in January in a sign of a still-strong labor market despite Fed rate hikes. Read more ...

Fact sheet: Employers are charged with violating federal law in nearly 40%...

Fact sheet: Employers are charged with violating federal law in nearly 40% of union elections

Employers regularly employ illegal tactics to suppress unions. An analysis of the latest government data on unfair labor practice charges and union elections shows that... Read more ...

A call for data-first security

A call for data-first security

Massive data breaches and data leaks occur all too often. It's time for a new evolution of cybersecurity: data-first security. Here's why: Read more ...