Tesla reports higher profits, says expansion on track

New York: Tesla reported a jump in first-quarter profits Monday on surging automobile sales and said it was on track to boost automotive capacity at factories in three countries. Elon Musk’s electric car company reported profits of $438 million compared with $16 million in the year-ago period, following a 74 per cent rise in revenues […]

Google ad sales surge 32%, planning $50b share buyback

Google parent Alphabet Inc on Tuesday beat quarterly revenue estimates and announced a $50 billion share buyback as the recovering economy and surging use of online services combined to accelerate its advertising and cloud businesses. Alphabet shares rose about 4 per cent to $2,375 in extended trading. The results are the first sign that Google […]