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Added on the 26/10/2018 13:09:01 - Copyright : BANG Showbiz
After the bell Tesla reversed a year-ago loss on record deliveries. Earlier in the day, stocks closed mixed on earnings from names like Boeing and Coca Cola. Jeanne Yurman reports.
Tesla reported its best quarterly profit on Wednesday. According to CNN, shares of Tesla (TSLA) climbed again in after-hours trading on the earnings report. The auto manufacturer said it hopes to hit its target of half a million car sales this year. The positive report and high target came as good news to investors in the stock, which has gained more than 400%. There had been doubts that Tesla could achieve its goal of delivering 500,000 due to the Covid-19 pandemic.
Elon Musk has revealed Tesla's Model Y SUV will be unveiled at their Los Angeles base on March 14.
Tesla has replaced Elon Musk as board chair with Robyn Denholm.
Goldman Sachs profit fell 7 percent during the fourth quarter of 2014 as investment banking revenues fell and market volatility hit trading. Shartia Brantley reports.
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