Edition:
United Kingdom

Alexandria Sage

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

CORRECTED-UPDATE 7-Tesla ends 'Spartan diet' and seeks $2.3 bln to fund expansion

03 May 2019

May 2 Tesla Inc will raise up to $2.3 billion 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.

Tesla's Musk 'sees merit' in capital raise, vows profit in third quarter after large loss

25 Apr 2019

Tesla Inc Chief Executive Elon Musk suggested on Wednesday a capital raise could be imminent, as the electric vehicle maker lost $700 million in the first quarter and predicted a return to profit in the third.

Waymo picks Detroit factory for self-driving fleet, to be operational by mid-2019

23 Apr 2019

SAN FRANCISCO Alphabet Inc's Waymo said on Tuesday it had chosen a factory in Detroit to mass produce self-driving cars, looking to the historical heart of the auto industry to build the vehicles of the future.

Tesla says robotaxis coming to U.S. roads next year, slams rivals' use of Lidar

23 Apr 2019

SAN FRANCISCO Chief Executive Elon Musk said Tesla Inc robotaxis with no human drivers would be available in some U.S. markets next year, continuing a habit of bold pronouncements that have excited many investors while often missing deadlines. | Video

Tesla shows off self-driving technology to investors

22 Apr 2019

SAN FRANCISCO, April 22 Tesla Inc broadcast a web presentation on Monday to update investors about its self-driving strategy as Chief Executive Elon Musk tries to show that the electric car maker's massive investment in the sector will pay off.

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