Month: March 2024

Tesla shares fall after company reports mixed second-quarter results, says ‘affordable’ electric cars on track for 2025 debut

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Tesla shares fall after company reports mixed second-quarter results, says 'affordable' electric cars on track for 2025 debut

Tesla (TSLA) reported mixed results for the second quarter after hours on Tuesday, although the electric car maker said it was on track for production of new vehicles, likely a cheaper electric car, in the first half of 2025. Tesla also said its growth rate in 2024 would be “significantly lower” than it achieved in … Read more

Spotify stock jumps after reporting record profit, strong guidance amid turnaround plan

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Spotify stock jumps after reporting record profit, strong guidance amid turnaround plan

Spotify technology (STAIN) reported fiscal second-quarter results on Tuesday that beat expectations as the audio giant reported record profit, gross margin and free cash flow in the quarter following its recent “efficiency strategy”.. Revenue came in line with estimates while monthly active user metrics disappointed, both investors shrugged off as the stock rose more than … Read more