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Added on the 26/10/2016 23:55:50 - Copyright : Reuters EN
Tesla has announced a quarterly profit of $311.5 million (£241 million) for the three-month period to the end of September.
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.
Societe Generale is the latest bank to pledge further cost cuts this year. As Sara Hemrajani reports, it's seeking to reassure investors that its diversified business can withstand a weak start to the year in investment banking.
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.
Argentina's President Javier Milei visits the Tesla factory in Austin, United States, with Tesla CEO Elon Musk. IMAGES
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