Tesla says its 4Q profit rose 59%, expects strong demand

( ) -q-20- UNDATED (Correspondent Jeremy House) “a year ago.”

Tesla has posted record net income for the fourth quarter of last year.

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TAG: Correspondent Jeremy House reporting. Revenue for the quarter was $24.32 billion, which fell short of the $24.67 billion that analysts expected.

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VERBATIM: The company predicts additional software-related profits will keep its margins higher than any other automaker. The Austin, Texas, maker of electric vehicles and solar panels said it made $3.69 billion from October through December. Tesla’s profit was 59% more than the same period a year ago.

Blinken will travel to Mideast amid US concern over violence

Secretary of State Blinken will travel to the Middle East this weekend in his first trip to the region this year. Blinken has scheduled stops in Egypt, Israel, and the West Bank. The trip comes amid an escalation in Israeli-Palestinian violence. In fact, the State Department’s announcement came just hours after an Israeli raid on suspected terrorists in the West Bank that Palestinian officials say killed several people. The Biden administration also has expressed concerns about the direction of Israeli Prime Minister Netanyahu’s new government, as well as ongoing issues with Egypt’s human rights record.

Senator Manchin Seeks To Delay New EV Tax Credits

New Inflation Report

Inflation eased again in December, assuring economic policymakers that price increases are pulling back after soaring to 40-year highs last year. More details from Correspondent Bernie Bennett.

The consumer price index shows that inflation cooled last month to 6.5%, as expected, down from 7.1% in November and well below a June peak of 9%.
The Consumer Price Index for all items fell .1 percent, even as gasoline prices are in decline.

The CPI report shows signs that the Federal Reserve’s interest rate increases are cooling the overheated economy.

It was the slowest rate of price increases in more than a year. Inflation is still well above normal levels, and the economy remains vulnerable to shocks that could send prices back up.
Bernie Bennett in Washington.

The international governing body of track and field ponders transgenderism

The international governing body of track and field ponders transgenderism

VERBATIM: Officials with World Athletics may place more restrictions on men who want to compete against women. While the new rules under consideration would not place an outright ban on males in female sports, it would establish further limits on who can compete and how. It’s being reported that a new, lower limit on testosterone numbers is in play, amongst other things. World Athletics will reported make a final decision sometime in March. Michael Harrington, SRN News.

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