Edition:
United Kingdom

Alexandria Sage

Tesla delivers record number of electric cars in quarter, shares up 7%

03 Jul 2019

SAN FRANCISCO Tesla Inc set a record for quarterly vehicle deliveries in a triumphant response to months of questions about demand for its luxury electric cars, sending shares up 7% after hours on Tuesday. | Video

Employees sour on Tesla amid cost-cutting, layoffs

10 Jun 2019

SAN FRANCISCO Tesla Inc’s rankings at two high-profile job websites have declined, suggesting that job dissatisfaction at the electric car company is intensifying amid layoffs, strategy shifts and executive turnover.

Uber loses $1 billion in quarter as costs grow for drivers, food delivery

31 May 2019

SAN FRANCISCO/BENGALURU Uber Technologies Inc reported a $1 billion (793 million pounds) loss on Thursday as the ride-hailing service spends heavily to build up its food delivery and freight businesses, sending revenues up 20% in its first quarterly report as a public company. | Video

CORRECTED-UPDATE 2-Uber loses $1 billion in quarter, hitting forecast, as revenue rises 20%

30 May 2019

SAN FRANCISCO/BENGALURU, May 30 Uber Technologies Inc reported a $1 billion loss and a 20% rise in revenue on Thursday in its first quarterly report as a public company, in line with the ride-hailing service's forecasts.

Uber loses $1 billion in quarter, hitting forecast, as revenue rises 20%

30 May 2019

SAN FRANCISCO/BENGALURU, May 30 Uber Technologies Inc reported a $1 billion loss in its first quarterly report as a public company on Thursday, despite a 20 percent rise in revenue, posting results in line with its forecasts but underscoring the challenges the ride-hailing service faces to become profitable one day.

Lyft sees 'peak losses' this year, says ride hailing has path to profit

08 May 2019

SAN FRANCISCO/BENGALURU Ride services company Lyft Inc forecast that its losses would peak this year as it controlled expenses and got more revenue from each customer, posting a $1.1 billion quarterly loss on Tuesday, days ahead of rival Uber's IPO. | Video

Tesla ends 'Spartan diet' and seeks $2.3 billion to fund expansion

03 May 2019

Tesla Inc will raise up to $2.3 billion (1.7 billion pounds) in new capital, renouncing what Elon Musk called a "Spartan diet" and easing Wall Street concerns about the money-losing company's ability to overcome a drop in sales and build new product lines. | Video

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