Earnings reports – Tesla and UPS

Tesla or UPS just released their earnings for Q4 of 2018

UPS came out strong with earnings exceeding Wall Street predictions. The company’s revenue rose by 4.6% to $19.85 billion. It credits its success to improved network operations, a new automated center and openings of new facilities. Previous investments pay off as UPS has an on-time record performance even during the holiday season in Q4. Moreover, UPS is expected to show strong revenue numbers as new facilities open at the beginning of 2019.

The electric car-marker Tesla also exceed sales predictions for Q4 of 2018. However, the earnings reported disappointed and were below the forecast. Tesla faces numerous challenges in 2019 like expanding the customer base, production challenges, cash flow issues or growing earnings. Despite all, Tesla’s CEO Elon Musk is optimistic about Tesla’s future.

To read more about these two transport companies, go to Transport Topics.