Daimler issues profit warning over costly diesel issues

FRANKFURT, Germany (AP) — Automaker Daimler said Sunday that profits for the second quarter will be hit by troubles with diesel vehicles from its Mercedes-Benz brand and downgraded its earnings forecast for the full year. The company said in a news release that it would be hit by “a high three-digit million” euro increase in charges related to ongoing government […]

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Tesla shareholder meeting is a ‘fork in the road’ for the car maker

Tesla Inc.’s annual shareholder meeting next week presents a “fork in the road” for the Silicon Valley electric-car maker, beset by concerns about demand for its vehicles and the health of its balance sheet. Tesla’s meeting is scheduled for Tuesday at 2:30 p.m. Pacific. It will be webcast. After hitting multi-year lows in recent sessions, Tesla TSLA, -0.58% shares recouped some […]

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Elon Musk thinks layoffs will keep Tesla profitable as $35,000 Model 3 arrives

Nearly three years after Elon Musk promised a $35,000 Model 3 electric car, Tesla Inc. has finally delivered. Now, the question is about the promise of profitability Musk has been making for the past few months. Musk walked back his goal of being thinly profitable in the first quarter and in the black in every quarter thereafter in a conference […]

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Wall Street keeps the faith on Tesla despite Musk, SEC tiff

Wall Street was quick to criticize Tesla Inc.’s Chief Executive Elon Musk over his latest squabble with regulators, but stopped short of penalizing the company on Tuesday. Tesla stock TSLA, +0.29%  fell in early trading Tuesday, but turned higher by midday less than 24 hours after the Securities and Exchange Commission asked a judge to hold Musk in contempt over […]

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