Tesla posts $717m loss yet beats revenue predictions

  • Second-quarter loss is bigger than expected
  • Results come as CEO Elon Musk’s remarks stoke controversy

Tesla reported larger than expected losses for the second quarter of 2018 on Wednesday, but it exceeded analyst expectations with $4bn in revenue.

Tesla shares rose 5% in after hours trading despite the $717.5m loss, as the company forecast additional increases to its production capacity and profitability in the second half of the year.

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Galaxy Tab A 10.5 hands-on: not a powerhouse, but still proud

The A-Class is Samsung’s entry level to the world of tablets, and now there is finally a new model. The new Galaxy Tab A 10.5 takes on some of the details of the expensive S-Class, at least in appearance. We’ve had a chance to try it, and here’s what we think of Samsung’s new cheap tablet.

(This is a preview – click here to read the entire entry.)

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Can Apple pip others to be first with trillion dollar valuation?

It’s only a matter of time before the milestone is reached, but investors are advised against complacency over the tech firms

Will it or won’t it? The question dominating Wall Street all week has been whether Apple will become the first company with a stock market valuation of a trillion dollars. For that to happen the tech company’s shares need to reach $203.25 – and they were tantalisingly close to that level in early trading in New York on Wednesday, the first real opportunity investors had to buy Apple stock after the announcement of better-than-expected third-quarter figures.

It seems only a matter of time before the milestone is reached, but whether that marks the start of a new bull-market phase for equities or a storm warning is a moot point.

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