Money

Tesla profits soar despite supply chain crisis

Published

4 years ago

April 21, 2022

Anthony Lucas

Tesla’s profits soar despite global supply chain strains

It’s becoming obvious that electric cars are quickly becoming a new trend.

Despite prices for EVs going up, Tesla has revealed profits are continuing to soar.

Tesla’s banked a profit of over three billion dollars during the first three months of the year.

The company’s deliveries were up by 68 percent, and that number would be even higher if there wasn’t supply chain issues.

It’s Shanghai factory was also forced to close recently due to covid cases in the Chinese city bringing back lockdowns.

Tesla has been pushing to expand, opening new factories in Texas and Germany in recent weeks.

The news comes as Tesla announces new policies surrounding the inclusions with new EV purchases

Tesla customers will now have to pay extra for a mobile charging connector when they buy one of the company’s electric vehicle models.

The new move by the EV maker is similar to those made by tech giant, Apple – which has removed power packs and headphones from new iPhones.

It’s obvious that charging an electric vehicle is a critical point to allow the car to actually operate.

Many road users wanting to transition to cleaner energy and opt in for a shiny new Tesla (or other EVs too if you’re the type of person to shop around) continue to express concerns about charging and recharging stations.

Up until now, it made sense for Tesla to include a mobile charging cable with every vehicle sold – but according to Tesla CEO Elon Musk, the company has decided to dump the policy because not enough drivers were using the charging connectors.

Money

Big banks, inflation, and earnings: What to watch this week

Major banks and corporations report earnings this week, influencing market outlook and economic indicators ahead of 2026.

Published

17 hours ago

January 12, 2026

Harvey Vargas

Major banks and corporations report earnings this week, influencing market outlook and economic indicators ahead of 2026.

This week is packed with financial news as major banks and corporations release their earnings. JPMorgan, Wells Fargo, and Goldman Sachs will reveal their year-end results, offering insight into the health of the banking sector. CEO Jamie Dimon of JPMorgan has already highlighted uncertainty in the U.S. economy, making investors watch closely.

In addition to banking, Delta Air Lines and Taiwan Semiconductor will report, shedding light on consumer spending and tech industry trends. These corporate updates will help investors gauge the broader market performance heading into 2026.

All eyes are also on December’s inflation figures, alongside retail sales and new home sales data. These reports will be key indicators for the U.S. economy, impacting stocks, interest rates, and market sentiment.

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Money

Boeing hits seven-year high in plane deliveries as demand soars

Boeing’s aircraft deliveries hit a seven-year high, bolstered by demand and new orders, including Alaska Airlines’ purchase of 105 jets.

Published

17 hours ago

January 12, 2026

Harvey Vargas

Boeing’s aircraft deliveries hit a seven-year high, bolstered by demand and new orders, including Alaska Airlines’ purchase of 105 jets.

Boeing has reached its highest level of airplane deliveries in seven years, marking a strong recovery after a challenging period for the aerospace giant. The company is ramping up production of its 737 Max and 787 Dreamliners to meet growing demand from airlines worldwide.

Investors are optimistic as Boeing shares have climbed significantly over the past year, reflecting renewed confidence in the company’s long-term prospects. Airlines are responding with new orders, and Boeing has already secured 1,000 gross orders through November.

Alaska Airlines recently placed an order for 105 Boeing 737 Max 10 jets, further signalling industry faith in the manufacturer. Robust travel demand continues to drive growth for Boeing and its competitor, Airbus, highlighting a rebound in global air travel.

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Money

Wall Street hits record highs as markets shrug off Venezuela tensions

US markets hit record highs as investors shrug off geopolitical tensions, with the S&P 500 up 0.7% and Dow 1%.

Published

6 days ago

January 7, 2026

Harvey Vargas

US markets hit record highs as investors shrug off geopolitical tensions, with the S&P 500 up 0.7% and Dow 1%.

US markets surged to fresh records as investors looked past recent geopolitical tensions following the US attack on Venezuela. Confidence returned quickly, driving broad gains across major indices.

The S&P 500 climbed 0.7% to reach a new all-time intraday high, while the Dow Jones Industrial Average jumped 495 points, or 1%, also setting a record during Tuesday’s session.

The rally signals continued optimism around economic resilience, despite global uncertainty and ongoing international conflicts.

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