automaker

GM Loses $4.9B in Q4 But Beats Estimates
Financial Performance

GM Loses $4.9B in Q4 But Beats Estimates

The automaker's operating results were "very strong, and actually great" in the quarter and for the full year, CFO Chuck Stevens says.
By Matthew Heller | October 28, 2021
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Tesla Beats $1B, Posts Record Profit in Q2
Financial Performance

Tesla Beats $1B, Posts Record Profit in Q2

Tesla was profitable without regulatory credits, which it sells to rival automakers, for the first time since the end of 2019.
By Matthew Heller | July 27, 2021
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GM Posts $4B Profit on Strong Truck, SUV Sales
Financial Performance

GM Posts $4B Profit on Strong Truck, SUV Sales

"GM is benefiting from robust customer demand for our new vehicles and services, especially our full-size pickups and SUVs."
By Matthew Heller | November 5, 2020
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GM Posts $806M Loss, 47% Drop in Sales
Financial Performance

GM Posts $806M Loss, 47% Drop in Sales

The automaker sees stronger sales ahead with its plants now back in production after coronavirus-related shutdowns.
By Matthew Heller | July 29, 2020
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Tesla’s Emission Credits Fuel $104 Million Profit
Financial Performance

Tesla’s Emission Credits Fuel $104 Million Profit

“Tesla’s business model is currently 100% predicated on selling one-time temporary credits to guys who increasingly don’t need them."
By Matthew Heller | July 23, 2020
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GM Banks on Cash Hoard to Ride out Pandemic
Financial Performance

GM Banks on Cash Hoard to Ride out Pandemic

“We believe that we’re positioned well to manage through this because we’ve taken swift actions to preserve liquidity,” CFO Dhivya Suryadevara says.
By Matthew Heller | May 6, 2020
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Ford Expects Loss But Says Cash Position Strong
Financial Performance

Ford Expects Loss But Says Cash Position Strong

“We believe we have sufficient cash today to get us through at least the end of the third quarter" despite the coronavirus shutdown.
By Matthew Heller | April 13, 2020
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Ford Touts ‘Strategic Progress’ But Stock Falls 9%
Financial Performance

Ford Touts ‘Strategic Progress’ But Stock Falls 9%

Investors eager to see returns from Ford's $11 billion global restructuring plan were disappointed by its Q4 and full-year results.
By Matthew Heller | February 5, 2020
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Tesla Hits $420 to Complete Wall Street ‘U-Turn’
Credit & Capital

Tesla Hits $420 to Complete Wall Street ‘U-Turn’

Reaching $420 a share “is about the most significant milestone for [Elon Musk's] investor credibility in the last several years."
By Matthew Heller | December 25, 2019
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Fiat Chrysler, Peugeot to Create No. 4 Automaker
Strategy

Fiat Chrysler, Peugeot to Create No. 4 Automaker

The companies see the $48 billion deal as a move to "capture the opportunities and manage effectively the challenges of the new era in mobility.”
By Matthew Heller | November 1, 2019
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Tesla Shares Jump 20% on Surprise Q3 Profit
Financial Performance

Tesla Shares Jump 20% on Surprise Q3 Profit

The car maker said it removed substantial costs from its business during the quarter and delivered a record number of vehicles.
By Matthew Heller | October 24, 2019
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GM’s Pickups, Cost-Cutting Drive Profit Increase
Financial Performance

GM’s Pickups, Cost-Cutting Drive Profit Increase

“Our results demonstrate the earnings power of our full-size truck franchise, with more upside to come," CEO Mary Barra says.
By Matthew Heller | August 1, 2019
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Tesla Stock Dives on ‘Demoralizing’ Q2 Results
Financial Performance

Tesla Stock Dives on ‘Demoralizing’ Q2 Results

Despite record deliveries, the company posted a larger-than-expected loss as rising costs weighed on profitability.
By Matthew Heller | July 25, 2019
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Tesla to Raise $2B in Return to Public Markets
Credit & Capital

Tesla to Raise $2B in Return to Public Markets

Stock and convertible debt offerings will boost Tesla's cash position as it faces expensive challenges, including developing new models.
By Matthew Heller | May 3, 2019
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GM Posts Earnings Beat, Market Share Slips
Financial Performance

GM Posts Earnings Beat, Market Share Slips

The automaker increased sales of pricey pickups by 20% and cut $400 million in costs in Q1, boosting profit despite a 3.4% revenue drop.
By Matthew Heller | April 30, 2019
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