Tesla's operating gross margin was down to 11.4% when a year ago it was in the 19.5%. The company is still up 32% this year, but definitely a big haircut. This was the first test flight of the fully stacked starship rocket. They were able to actually clear the launch pad, achieve the highest altitude I think they've ever done with vehicle.
Bloomberg News EV Reporter Sean O’Kane discusses Tesla signaling more price cuts ahead despite margin damage. Bloomberg News Space Reporter Loren Grush reports on SpaceX’s Starship rocket exploding shortly after liftoff on Thursday. Rachel Gerring, EY Americas IPO Leader, shares her insight on the current state of the US deals market. Bloomberg Businessweek Editor Joel Weber and Bloomberg Markets Senior Editor Mike Regan provide the details of Mike's Businessweek Magazine cover story Breaking Up With Your Bank Is Easier With 4% Savings Accounts. And We Drive to the Close with Mary Ann Bartels, Chief Investment Strategist for Sanctuary Wealth.
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