Robyn Denholm, who leads Tesla’s board, said on social media that board members were “highly confident” in Mr. Musk, the company’s chief executive.
Category: Company Reports
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In an Uncertain Economy, McDonald’s Sees Spending Decline
The burger giant, a much-watch barometer for consumer sentiment, reported lower revenue in the first quarter.
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Starbucks Profit Drops, but Leaders Say Turnaround Is Working
Profit fell 50 percent in the quarter, and the company said one reason was its hiring of additional workers to help its turnaround strategy.
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UPS Says It Will Cut 20,000 Jobs in Efficiency Drive
The move comes as President Trump’s tariffs are reducing shipping volumes and is in addition to 12,000 job cuts last year.
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Tesla’s Falling Profit May Pressure Elon Musk to Return to Day Job
The carmaker is expected to report a decline in quarterly earnings after Tesla’s brand suffered because of its chief executive’s role in the Trump administration.
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Netflix Beats First-Quarter Forecasts
The streaming giant brought in $10.5 billion in revenue in the first three months of the year. For the first time, it didn’t disclose its quarterly subscriber figures.
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Good Luck Getting Goldman Sachs to Even Say the Word ‘Tariff’
Wall Street’s top firms have been reluctant to criticize President Trump’s trade policy, but Goldman took it to a new level on Monday.
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Good Luck Getting Goldman Sachs to Even Say the Word ‘Tariff’
Wall Street’s top firms have been reticent to criticize President Trump’s trade policy, but Goldman took it to a new level on Monday.
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Tesla U.S. Sales Plunge as G.M. and Others Make Gains
Overall sales of electric vehicles rose almost 11 percent in the first three months of the year as traditional carmakers offered new models.
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JPMorgan’s Jamie Dimon Warns of ‘Considerable Turbulence’ Ahead for Economy
Jamie Dimon of JPMorgan flagged “potential negatives” to tariffs as his and other big banks revealed their latest earnings.
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Walmart Says Trump’s Tariffs Have Added Uncertainty to Its Outlook
Executives at the largest retailer in the United States acknowledged the new environment, but told investors that they were confident in the company’s strategy.
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Tesla Sales Are Slumping, Even in the Most E.V.-Friendly Place
Elon Musk’s involvement in right-wing politics contributed to fewer deliveries in Norway the first quarter, though other factors also played a role.