All Stories Tagged: Market News, Page 72

A lackluster Q3 2022 report and indications of decreased advertiser spending has spooked investors, with SNAP stock falling 25 percent.

Regulators in Texas, Kentucky, New Jersey and Alabama accused Slotie of defrauding investors and ordered a halt to its business and sales.

Musk dismissed the question, noting 'I'm not an investor.'

Between ramp up of EV deliveries and battery manufacturing, and delivery of services such as full self-driving, Musk is confident in the upcoming quarter.

The rumored stock buyback isn't happening right now, but may occur in 2023.

Musk projects that the company could be worth more than Apple and Saudi Aramco combined.

While this is over Tesla's target of 20 percent, it's still down year-over-year against Q3 2021's 30.5 percent gross margin.

The company's results for the third quarter were impacted by currency headwinds along with higher material costs.

Tesla has done well in keeping a large portion of its cash for further development and expansion through the end of its latest fiscal year.

Tesla is boasting records for this latest earnings report, though the company's revenue is slightly below what was projected.