Tesla posts higher earnings but still falls short

Electric carmaker Tesla posted another quarter of higher earnings on Wednesday but fell short of expectations after announcing another round of job cuts earlier in the month. "Even in a recession, worldwide demand is over 500,000," Musk said on a conference call. In a strong economy, that demand would be 700,000 to 800,000 units of the Model 3 and as production increases, it will bring down the price.

from Yahoo News - Latest News & Headlines https://yhoo.it/2BdH620