Google's services have been blocked in China for several years, but the company still has businesses there, as the tech giant seeks to sell products to Chinese firms in...Technologyread more
Netflix can sustain its lofty valuation only if global subscriber growth can support increasing content spending and debt.Technologyread more
The House voted to table a resolution to start impeachment proceedings against President Donald Trump introduced by Rep. Al Green.Politicsread more
Investors will be watching out for the release of Australian jobs data, set to be at 9:30 a.m. HK/SIN.Asia Marketsread more
The company blamed its Q2 content slate and price increases for the subscriber miss.Technologyread more
IBM's year-over-year revenue has now declined for four quarters in a row. Impact from Red Hat is not yet factored into the company's guidance.Technologyread more
See which stocks are posting big moves after the bell on July 17.Market Insiderread more
"It's clearly doing more harm than good," the "Mad Money" host says. Instead Facebook should buy Square for $70 billion and expand the payments network worldwide.Mad Money with Jim Cramerread more
Silicon Valley workers say they gravitate toward Yang, who is running for president as a Democrat, because of his approach to research and understanding of tech's moral...Technologyread more
Prosecutors in Masschusetts have dropped a criminal case against actor Kevin Spacey, who had been accused of groping an 18-year-old man.Entertainmentread more
"The passport contains numerous ingress and egress stamps, including stamps that reflect use of the passport to enter France, Spain, the United Kingdom, and Saudi Arabia in...Politicsread more
(Adds details on deliveries, background)
June 25 (Reuters) - Shares of Tesla Inc fell 1.7% on Tuesday after news website Electrek reported that the electric-car maker has so far delivered 49,000 vehicles in North America during the second quarter, threatening its goal of a new record.
Chief Executive Officer Elon Musk had said last month that the company was on course to deliver a record number of cars in the quarter, beating the 90,700 it sent to customers in the final quarter of last year.
Electrek did not give any delivery number for international markets for the quarter.
The report said that when international market numbers are added, especially in places like Norway and China, Tesla will get pretty close to a new record.
It has over 12,000 additional orders as well and Tesla could end the quarter by delivering 61,000 vehicles in North America, the report said https://electrek.co/2019/06/25/tesla-orders-surge-record-quarter-delivery-bottle n e c k , citing sources inside the company. The report also says, citing a source familiar with the matter, that Tesla has delivered 22,000 vehicles in North America in June so far.
In the first quarter, Tesla reported a 31% fall in deliveries, sparking concerns about the company's ability to make profits and meet its delivery targets while it grapples with issues related to cash flow and manufacturing.
Demand for Tesla's Model 3 sedan and other cars have also moved to the top of investors' list of worries after the company reported slack first-quarter demand against a backdrop of U.S.-China trade tensions. (Reporting by Sayanti Chakraborty and Arundhati Sarkar in Bengaluru; Editing by Arun Koyyur and Phil Berlowitz)