Business

After 12 straight quarterly losses, electric vehicle company Tesla turns profit

Record deliveries helped to offset rising expenses related to next year's roll-out of the company's mass-market Model 3 sedan as the firm recorded net income of $21.9 million. Tesla had earlier stated it is looking to expand production capacity to 500,000 units by 2018 from the present 50,000. The electric auto maker's revenue was aided by net orders for Model S, a sedan, and Model X , a luxury sports utility, which grew a combined 68 percent year-over-year.

Business

LaGuardia runways reopen after Pence plane slide

Shortly after the incident, Trump told OH rally-goers that Pence had been in in "grave, grave danger". The agency said more than 30 people were on board when the plane "overshot a LaGuardia Airport runway". The other remained closed while the plane was being removed. The FAA warned travelers to expect continued delays and to call their airlines for updates .

Business

Westbrook has 51 points, triple-double; Thunder beat Suns

After the game, in which he played 45 minutes, Westbrook didn't seem all that impressed with the feat. A player clearly desperate for more, Westbrook is sending out a strong message to the rest of the National Basketball Association with his approach to the new campaign as he seeks to become the league's best player.

Business

Here's Elon Musk's latest project: Tesla's solar roof

The new solar roof tiles come with four different looks, including slate, Tuscan, textured, and smooth. Musk said that the glass solar roof tiles of Tesla would look far better than any similar product. "I want to make sure people appreciate that the solution is both local power generation and utility power generation, it is not one or the other", he said.

Business

Philippine's Duterte announces separation from USA

Addressing the Filipino community in Beijing Wednesday, the firebrand leader said the Philippines had gained little from its long alliance with the USA, its former colonial ruler. We have heard from many of our friends and partners in the region who are likewise confused about where this is going", he said. Duterte is in China for a four-day trip seen as confirming his tilt away from Washington and towards Beijing's sphere of influence and its deep pockets.

Business

Families plead for answers in Australian theme park deaths

Officials at the company's annual general meeting said they would offer financial assistance to the families, but rejected media reports that park staff had closed the ride hours before the accident due to safety concerns, only to be pressured into reopening it.


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