Edition:
United States

Alexandria Sage

Employees sour on Tesla amid cost-cutting, layoffs

Jun 10 2019

SAN FRANCISCO Tesla Inc’s rankings at two high-profile job websites have declined, suggesting that job dissatisfaction at the electric car company is intensifying amid layoffs, strategy shifts and executive turnover.

Uber loses $1 billion in quarter as costs grow for drivers, food delivery

May 31 2019

SAN FRANCISCO/BENGALURU Uber Technologies Inc reported a $1 billion loss on Thursday as the ride-hailing service spends heavily to build up its food delivery and freight businesses, sending revenues up 20% in its first quarterly report as a public company. | Video

CORRECTED-UPDATE 2-Uber loses $1 billion in quarter, hitting forecast, as revenue rises 20%

May 30 2019

SAN FRANCISCO/BENGALURU, May 30 Uber Technologies Inc reported a $1 billion loss and a 20% rise in revenue on Thursday in its first quarterly report as a public company, in line with the ride-hailing service's forecasts.

Uber loses $1 billion in quarter, hitting forecast, as revenue rises 20%

May 30 2019

SAN FRANCISCO/BENGALURU, May 30 Uber Technologies Inc reported a $1 billion loss in its first quarterly report as a public company on Thursday, despite a 20 percent rise in revenue, posting results in line with its forecasts but underscoring the challenges the ride-hailing service faces to become profitable one day.

Lyft sees 'peak losses' this year, says ride hailing has path to profit

May 07 2019

SAN FRANCISCO/BENGALURU Ride services company Lyft Inc forecast that its losses would peak this year as it controlled expenses and got more revenue from each customer, posting a $1.1 billion quarterly loss on Tuesday, days ahead of rival Uber's IPO. | Video

Tesla ends 'Spartan diet' and seeks $2.3 billion to fund expansion

May 02 2019

Tesla Inc will raise up to $2.3 billion in new capital, renouncing what Elon Musk called a "Spartan diet" and easing Wall Street concerns about the money-losing company's ability to overcome a drop in sales and build new product lines. | Video

CORRECTED-UPDATE 7-Tesla ends 'Spartan diet' and seeks $2.3 bln to fund expansion

May 02 2019

May 2 Tesla Inc will raise up to $2.3 billion in new capital, renouncing what Elon Musk called a "Spartan diet" and easing Wall Street concerns about the money-losing company's ability to overcome a drop in sales and build new product lines.

Tesla's Musk 'sees merit' in capital raise, vows profit in third quarter after large loss

Apr 24 2019

Tesla Inc Chief Executive Elon Musk suggested on Wednesday a capital raise could be imminent, as the electric vehicle maker lost $700 million in the first quarter and predicted a return to profit in the third.

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