Technology

Apple crushes June quarter earnings records

Apple announced Tuesday a new overall June quarter revenue record of $81.4 billion, a 36% year-over-year increase compared to $59.6 billion a year ago. The company posted a quarterly net profit of $21.7 billion, or $1.30 per diluted share, versus a profit of $11.2 billion, or 65 cents per diluted share, a year ago.

Ford to open new electric vehicle battery facility in Michigan

The new collaborative learning lab, dubbed Ford Ion Park, represents $100 million of the automaker's total $185 million investment in developing, testing, and building electric vehicle battery cells and cell arrays. It is also part of the company's $30 billion investment in electrification by 2025.

Elon Musk to bail on Tesla earnings calls

Tesla CEO Elon Musk prepared investors during the company's second quarter earnings call not to expect him to show up for such conversations in the future.

Tesla surpasses $1B profit for first time

The electric vehicle maker's second-quarter profit came in at $1.14 billion, or $1.02 per share, compared with $104 million or 10 cents a share, a year ago.