Tesla profits climb despite price cuts

Tesla reported a much bigger than expected increase in profits, despite a series of price cuts that trimmed the amount of revenue per vehicle sold. Tesla (TSLA) reported adjusted earnings of $3.1 billion, or 91 cents a share, up 20% from the second quarter last year. Analysts surveyed by Refinitiv had forecast earnings of 82…

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The union vote is becoming more Republican

Joe Biden and Donald Trump are tussling over the union vote. Biden, who is meeting with the United Auto Workers in Michigan on Thursday, finds himself trying to fend off Trump’s overtures to a traditionally Democratic constituency. Trump is meeting up with the Teamsters in Washington on Wednesday. Trump’s efforts seem to be paying off,…

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