Tesla reports a big jump in profit.
The electric car company made $1 billion in the second quarter as its revenue roughly doubled from the same period a year earlier.
Tesla Sales More than Double in the Second Quarter
Tesla said sales doubled in the second quarter, but Ford reported a more modest increase as the industry grapples with a semiconductor shortage.
G.M. to Boost Electric Vehicle Spending, Build Battery Plants
General Motors’ push to increase E.V. spending follows an announcement by Ford that it would start making an electric version of its F-150 pickup truck this year.
Tesla Earnings Set Record in First Quarter
The electric-car maker’s performance reflected increasing sales and production around the world.
Auto Dinosaurs Show They’re Not Dead Yet
Daimler reported unexpectedly strong profits, underlining a rebound by traditional carmakers despite the pandemic.
G.M. reports $6.4 billion profit in 2020 despite the pandemic.
Tesla Reports First Full-Year Profit
The company benefited from a jump in sales of electric cars in China and Europe, but its fourth quarter earnings fell short of Wall Street’s expectations.
Tesla Reports First Full-Year Profit
Tesla’s transformation from a company that lost large sums of money every year has been made possible in large part by rising sales in China and Europe.
The Pandemic Sank Auto Sales. Vaccines Could Bring Buyers Back.
Carmakers say new models should also help lift the industry in 2021, after a 15 percent decline in its slowest year since it recovered from the Great Recession.