The sportswear company has laid off some staff in its strategic enterprise and corporate functions departments, and outsourced some of the work, according to Bloomberg News.
Jeremy Barnum also said that the combination of inflation and large fiscal deficits may constrain the available policy responses in ways that further increase the risk.
Morgan Stanley analyst Adam Jonas said that valuing Tesla as purely an auto retailer would be akin to valuing Amazon as solely an online retailer or Apple as a seller of glowing rectangles and earbuds.
Upon closing of the deal, 23andMe will be operated as a wholly owned direct or indirect unit of Regeneron and will continue operations as a personal genomics service.
Investors have grown cautious of retail businesses in an environment marked by an uncertain tariff policy, high inflation, and unpredictable consumer behavior.
The combined entity, which will change its name to Cox Communications within one year of the deal's closing, will assume Cox's approximately $12 billion in outstanding debt.
T-Mobile and Palo Alto Networks launch a joint 5G security solution for enterprises and government, combining Zero Trust architecture with embedded network safeguards to protect data.
Tesla added features to the off-lease cars through software upgrades and sold them to new customers who paid more than lease-end buyers would have, Reuters reported.
The company’s CFO expressed optimism about meeting its full-year guidance, which includes adjusted earnings per share of $2.50 to $2.60 and a YoY net sales increase of 3% to 4% at constant currency.
CEO Lisa Su said the new stock buyback authorization underlined the board's confidence in the company's strategic direction, growth prospects, and ability to consistently generate strong free cash flow.
