Luxury electric car manufacturer and Wall Street darling Tesla announced 3rd quarter earnings yesterday that contained mixed results. The company reported a record 5,500 Model S deliveries, which beat its own expectations, but the financials were mixed. “The company’s earnings, excluding special charges, came in at $16 million, or 12 cents a share, just ahead of the 11-cent estimate from analysts. But including those charges, such as stock-based compensation and interest expenses, the company lost $38 million.” [CNN Money]
Opec nation Venezuela may face toy shortages this Christmas, as currency controls enacted by the late Hugo Chavez stymie importers. “We understand that toys are not essential goods like food and medicine. But can you imagine Christmas without toys?” said Yelitza Moreno, a toy store owner in Caracas. [Reuters]
Gasoline prices in Oklahoma dip below $3.00 per gallon. “Motorists in Oklahoma City are paying $2.96 per gallon and those in Tulsa are seeing prices average $2.85 per gallon.” [AP via News OK]
