American electric car maker Tesla Inc ended the first quarter of this year with record profits, but the company’s revenue was slightly worse than market forecasts. This is stated in a press release from Tesla.
Thus, the company’s net income in January-March was $ 438 million, or $ 0.39 per share, compared to $ 16 million, or $ 0.02 per share, for the same period last year.
Last quarter, Tesla sold emission allowances to other automakers for a record $ 518 million, up 46% from the same period last year. Without the sale of quotas, Tesla would have ended the quarter at a loss.
Also in the first quarter, the company also earned $ 101 million from bitcoin sales.
Tesla’s quarterly revenue jumped 74% to $ 10.39 billion from $ 5.99 billion in the same period a year earlier.
Experts interviewed by FactSet, on average, forecast a net profit of $ 509 million, revenue – $ 10.48 billion.
Tesla reports a “significant increase” in car sales. In early April, Tesla reported that in January-March, they shipped 184.8 thousand cars to customers.
The cost of Tesla cars in the first quarter increased by 13% compared to the same period a year earlier. At the same time, the company notes that the growth rate of profitability of its operations, as well as cost reduction, were even higher.
Shares of Tesla fell 1.6% in additional trading on Monday. Since the beginning of this year, their value has increased by 4.6%.
The Luxembourg National Data Protection Commission has fined Amazon $ 887 million for violating the processing of users’ personal data. The Commission has decided that the processing of Amazon’s personal data does not comply with EU data protection regulations. Claims are related to showing customers relevant advertising. This is a record fine for such violations […]
China’s industrial growth, which began in the country a year ago, has slowed markedly since the crisis caused by the coronavirus pandemic. According to the Purchasing Managers’ Index (PMI) released by the Chinese State Statistics Office on Saturday, July 31, the figure fell to 50.4 points in July. In June, it was 50.9 points. A […]
Ukraine continues to work on prevention the Russian Nord Stream-2 gas pipeline from operating. The methods by which Kyiv hopes to prevent the launch of the gas pipeline were revealed by the head of Naftogaz Yuriy Vitrenko in an interview with Radio Svoboda. “The battle is lost, but the war is not lost. And our” […]
Infrastructure Minister Oleksandr Kubrak denied his deputy Anna Yurchenko’s statement about toll roads in Ukraine. The day before, she said that six such roads are planned to be built in Ukraine and called the estimated cost of travel on them. “I will explain why this information is not true, and what is really happening,” Kubrak […]
The car manufacturer McLaren has introduced a new sports convertible McLaren 765LT Spider. The sports car is equipped with a 4-liter twin V-8 turbo engine with 755 horsepower and 590 Nm of torque. The car accelerates to 96 km / h in 2.7 seconds. The maximum speed reaches 280 km / h. It is reported […]
The profits of the American technology companies Apple, Microsoft and Alphabet increased significantly in the second quarter of 2021. This was reported by the BBC. It is noted that Apple’s profits have increased to 21.7 billion US dollars over the past three months amid an increase in purchases of 5G iPhone. Microsoft generated $ 16.5 […]
Another plant of the German carmaker BMW has been suspended. Next week, the company’s plant in Regensburg will be temporarily closed due to a shortage of semiconductor microchips, a BMW representative told the industry publication Automobilwoche. The plant will be shut down completely throughout the week. After that, a summer break will begin at the […]
AirlineRatings.com named Qatar Airways the airline of the year. As reported on Tuesday, July 27, the rating of Top Airlines in the World takes into account flight safety, on-board service, passenger comfort and flight routes, as well as the response of airlines to the COVID-19 coronavirus pandemic. Qatar Airways was recognized as the best airline […]
The officials of the mobile operator “Kyivstar” deliberately evaded of the payment of taxes in the amount of over 2.3 billion UAH by the fictitious business operations in 2014, testify the conclusions of the inspection. This is stated in the message of the management of public relations and mass media to the General Prosecutor of […]
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China in addition to the purchase of the coal business in Australia, aims to get the appropriate transport infrastructure for the supply of its raw material in many corners of the world, reports Bloomberg. Acquisition of Australian Yancoal Australia Ltd. (which is a part of Chinese coal-mining giant Yanzhou Coal Mining Company), a controlling stake […]
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The American pharmaceutical company Bristol-Myers Squibb announced that it will buy biotech MyoKardia for $ 13.1 billion. Quotes of the MyoKardia at the previous trading increased by 59%. Bristol will pay $ 225 for each share of the MyoKardia, corresponding to 61% premium to the value of the company’s securities at the close of trading […]
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Director of the Regional Office of the World Health Organization Hans Kluge expressed doubts about the effectiveness of vaccines COVID-19. He believes that it will not put the end to the pandemic coronavirus. This was reported by the Daily Star. I keep hearing, “The vaccine will end the pandemic.” No! We don’t even know if […]
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Japanese mobile operator SoftBank Group Corporation buys the british corporation – ARM Holdings Plc for 24.3 billion pounds ($ 32 billion). According to SoftBank, shareholders ARM Holdings could receive 1700 pence per share, which is 43% more than the value of the securities at the close of trading in London on Friday. Price of ARM shares […]
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Next year, only a small proportion of people in the European Union will be able to get the coronavirus vaccine. Officials in European countries have not yet decided on the vaccination of citizens. This was announced by Reuters on Tuesday, October 27. “By the end of 2021, there will not be enough doses of the […]
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Citizens who have debts to the Ukrainian Platinum Bank, should be warned of financial scams that require them to repay the loans by some extraneous financial enterprise. About this fact notify the authorized financial institution faces in PJSC Platinum Bank official website. Offenders are spreading among the borrowers of the Platinum Bank messages with a […]
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The court satisfied the claim of the state-owned PrivatBank to Agroterminal and decided to collect UAH 1 billion in debt from it as a guarantor of Boryvazh. This is stated in the decision of the Commercial Court of Odessa region. According to court materials, PrivatBank terminated the loan agreement due to the debtor’s breach of […]
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Due to the elimination of corruption patterns in the energy sector, the State Treasury has saved 140 billion UAH. On this figure notified the head of the government of Ukraine Volodymyr Hroisman in an interview to the national news agency Ukrinform. According to the Prime Minister the compensations for Naftohaz and LMKP Teplokommunenergo were hundreds […]
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Deutsche Bank was able to resolve the conflict with the US regulator, agreeing with the charges of tax evasion and taking on the obligation to pay a fine in the amount of $ 95 million. It is reported by financial portal MinFin with reference to the foreign sources. In a statement, the bank’s press secretary […]
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Mail.ru stops to deliver a traffic in points of a traffic exchange in Ukraine. “Liga.net” published this information on its web-site. Mikhail Polovinka, UA-IX director on Ukrainian point of exchange of a traffic reported that Mail.ru had sent them the notification according to which the group of companies stopped delivery of a traffic to Ukraine […]
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During the past 5 years was invested about $ 10 million per year in the construction and modernization of the elevators of “Agroprosperis”. This was told by the CEO of the NCH Agribusiness Investment Fund – “Agroprosperis” Group of companies, Igor Osmachko in an interview to the Liga.Business. “For the moment, the structure of the […]
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The District Court of Zaporizhia refused Sberbank in approval of decision of Russian curt about enforcing recovery of debts in $ 10.4 million from the Ukrainian metallurgical combine “Zaporizhstal”, reports RIA “Novosti”. The court’s decision stated that on January 25, Sberbank of Russia appealed to the Court of Zaporizhia with a statement to allow the […]
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US President Joe Biden on Wednesday, June 9, signed a decree lifting restrictions against Chinese services TikTok and WeChat, imposed by former President Donald Trump. The press service of the White House reports. This is a decree of August 2020 on restrictions against the Chinese companies ByteDance and Tencent, which own the video service TikTok […]
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Amazon, an online retailer, has received permission from the US Federal Aviation Administration (FAA) to use drones to deliver parcels to customers. The permit was issued for the Prime Air service. Bloomberg writes that now Amazon will be able to start delivering their orders to customers on a commercial basis. The company and its competitors […]
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Personal position, incredible belief in yourself and in what you do, the constant acquisition of new skills and flexibility, having learned which, in the future you will be able to beat usefully any idea. These are the most important principles by which develops business, said business manager Yuliia Zoteeva. During her training Yuliia substantiate her […]
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