Tesla reports Q1 profits of $3.3 bn, topping expectations

Tesla commenced business deliveries final month from a brand new plant in Germany. Tesla reported one other banner quarter of revenue development Wednesday because the speedy enlargement of electrical car (EV) manufacturing capability boosted gross sales regardless of ongoing provide chain issues. Elon Musk’s high-flying EV firm reported first-quarter earnings of $3.3 billion, up 658 […]

Volkswagen profits surge despite selling fewer cars

Volkswagen noticed its earnings surge larger regardless of promoting fewer vehicles because of semiconductor shortages. Volkswagen stated Friday its web earnings jumped final 12 months regardless of promoting fewer vehicles because of the semiconductor scarcity as patrons forked out for better-equipped vehicles. The German automaker’s web revenue rose 75 % to fifteen.4 billion euros ($16.8 […]