Stock rose on the news that the group would make its EV unit its primary business, instead of its real estate one.
Elon Musk’s electric-vehicle company is one step closer to a market valuation of $1 trillion.
Sales rose 57% to $13.8B while earnings came to $1.86 a share on an adjusted basis, the California-based firm said.
Total industrial production, which also includes mining and utility output, fell 1.3 percent last month.
The carmaker has seen eight weeks of gains, its longest winning streak since before the pandemic battered markets.
The Jaguar Land Rover owner has raised $1bn for its EV business for which it will form a separate unit.
Largest South African metalworkers union calls an indefinite strike after salary talks with employer bodies fail.
Former contract worker hired through a staffing agency was subjected to racially hostile work environment, a jury said.
Court case adds to this year’s spate of bad publicity for Tesla in China – a key market for the electric vehicle maker.
Ark sold more than 340,000 shares of Tesla across three of its exchange traded funds.
Owen Diaz alleges that his co-workers at a Tesla factory told him to ‘go back to Africa’ and used racist epithets.
EV unit has missed salary payments to some staff and is behind on paying suppliers, sources tell Bloomberg.
Hero Electric’s Naveen Munjal says if left to market forces, the transition to electric transport will be ‘much slower’.
It plans to create the role of a CEO, overseen by the chairman, a job held for now by N Chandrasekaran.