Tesla shares have risen more than 1,300% after Zachary Kirkhorn took over as finance chief in 2019. (File photo)
NEW DELHI: Tesla Inc is widely expected to report its sixth consecutive quarterly profit on Wednesday and potentially its first $1 billion quarter. That follows a remarkable year when Tesla’s stock split and skyrocketed, the company joined the S&P 500 index and it sold almost half a million cars.
Two years ago, the world’s leading electric-car maker was going through a rough patch. Elon Musk, Tesla’s chief executive officer, informed employees in a January 2019 open letter that the company had to reduce headcount by 7% and boost Model 3 production rates to survive. Later that month, the CEO told analysts Tesla needed to cut costs and its vehicle prices to avoid bankruptcy.
Dana Hull, Bloomberg News BC-Muskâs-No-Nonsense-Finance-Chief-Tallies-Profit-Surge-at-Tesla , Dana Hull
(Bloomberg) Tesla Inc. is widely expected to report its sixth consecutive quarterly profit Wednesday and potentially its first $1-billion quarter. That follows a remarkable year when Teslaâs stock split and skyrocketed, the company joined the S&P 500 Index and it sold almost half a million cars.
Two years ago, the worldâs leading electric carmaker was going through a rough patch. Elon Musk, Teslaâs chief executive officer, informed employees in a January 2019 open letter that the company had to reduce headcount by 7% and boost Model 3 production rates to survive. Later that month, the CEO told analysts Tesla needed to cut costs and its vehicle prices to avoid bankruptcy.
Side gigs for good across Penn For many, 2020 was a difficult year. Despite that, the community found ways to go above and beyond, in their own backyards and across the world. Clockwise, from top left: Junior Fatima Al Rashed on a trip to The Gambia, where she is working to build six private toilets near the entrance to a secondary school; a Penn Medicine student with students from Comegys Elementary School in West Philadelphia (pre-pandemic image); English professor Melissa Sanchez, a leader in the Upper West Side Open Hearts Initiative; grocery bags of food delivered weekly by Sarvelia Peralta-Duran of the Jerome Fisher Program in Management & Technology; and MindCORE’s Heather Calvert with foster dog Ugo (pre-pandemic image).