Tesla Earning Report Q3

Tesla Earning Report Q3

Even as supply chain issues impacted heavily on the auto sector, Tesla (TSLA) reported third-quarter profitability that exceeded forecasts, with record deliveries helping to propel the electric-vehicle maker’s performance. Quarterly revenue fell short of estimates, and shares dipped modestly in after-hours trade. The report’s metrics were compared to consensus estimates as follows:  Revenue $13.76 billion … Read more

Tata and Sons: Why They Are Winning Bidders?

Tata and Sons

On Friday, Tata Sons got awarded the bid to buy national airline Air India. More than half a century after ceding control to the government, the salt-to-software conglomerate made a winning bid of 18,000 crores to re-acquire the airline. The winning proposal included a 50% investment in ground-handling company Air India SATS Airport Services Private … Read more

Elon Musk’s SpaceX Worth in 2021

Elon Musk’s SpaceX Worth

According to CNBC, Elon Musk’s private space exploration company, SpaceX, has surpassed a $100 billion valuation based on a secret agreement between new and existing investors. This marks a tremendous increase in value matched by only one other private company in the world. CNBC reported Friday that SpaceX insiders had reached an agreement to sell … Read more

Disney’s theme parks are profitable again as tourists return in droves

Disney’s theme parks are profitable again as tourists return in droves

Shares of Disney popped late Thursday after it said consumers flocked back to its theme parks, like Disney World and Disneyland, in the third quarter. The Mouse House said the economy recovery triggered by widespread vaccinations has helped its all-important theme parks, resorts and cruise business, which had been crushed by the pandemic, return to … Read more