The maker of electric luxury sedans said it made more than 7,000 cars in 2022, achieving a scaled-down target.
Category: Company Reports
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Walmart Warns That Shoppers Are Feeling the Squeeze of Higher Prices
The retail giant reported strong results for the holiday shopping season, but said that the coming year would be tougher.
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Norfolk Southern’s Profits and Accident Rates Rose Before Ohio Derailment
Safety experts say a focus on financial returns may be partly to blame for derailments and accidents like the one in Ohio.
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Magic: The Gathering Generates $1 Billion in Sales for First Time
The fantasy card game has surpassed the sales of the 100-year-old company’s other brands, including Transformers and G.I. Joe, but some are worried about the downsides of rapid growth.
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Adidas Tumbles as Losses From Its Kanye West Venture Pile Up
Shares in the German sportswear brand fell sharply on Friday as the company grapples with a mountain of unsold Yeezy merchandise.
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Big Brands Keep Raising Prices, With Limited Shopper Resistance
Consumers continue to absorb significant price increases by PepsiCo, Unilever and others. The companies say that prices will remain high in the months to come.
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Activist Disney Investor Declares End to Battle for Board Seat
The move by Nelson Peltz came a day after the company’s C.E.O., Bob Iger, announced a restructuring that will cut $5.5 billion in costs and eliminate roughly 7,000 jobs.
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With Traditional TV in Free Fall, Disney Looks to Cut Costs
In the company’s first earnings report since Bob Iger returned as C.E.O., it exceeded Wall Street’s expectations. But thousands of employees are expected to be laid off.
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The New York Times Company Reports 11% Rise in Revenue
The company said it added more than a million digital subscribers in 2022, bringing its total number of paying subscribers to 9.6 million.
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Uber Reports Record Revenue as It Defies the Economic Downturn
The company, which was hit hard in the early stages of the pandemic, saw revenue jump 49 percent from the same period a year ago.
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Zoom to Lay Off 1,300 Workers, Joining Other Tech Giants
The company is cutting 15 percent of its work force, or about 1,300 jobs, citing “the uncertainty of the global economy.”