Tesla’s ambitious Gigafactories may pose risk to future profits
Back in 2013, Tesla first announced its plan to build Gigafactories all over the world.
A take on business from Times Square
Sponsored by NYC News Service and CUNY Newmark J-School
Reporter
Back in 2013, Tesla first announced its plan to build Gigafactories all over the world.
CEO Elon Musk called Tesla’s third quarter “our best quarter in history,” beating analysts’ estimates and more than doubling its profit over the same period year before.
2020 has been a hugely profitable year for Tesla.
Elon Musk promises Tesla will make a lower-cost electric vehicle by 2023 on Tesla’s annual battery day, but the goal hinges on a new, more affordable battery that some experts are questioning.
Home-improvement stocks have been shining in the market since March when the pandemic started forcing people to spend much more time at home.
About the Journal
The Times Square Investment Journal covers companies, markets and personal finance from a newsroom in the heart of Manhattan. The Journal is sponsored by the NYC News Service and the Craig Newmark Graduate School of Journalism at CUNY.
Send comments and story tips to the editor.
greg.david@journalism.cuny.edu