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Tesla ekes out second consecutive profitable quarter

Elon Musk. Photo: Nora Tam/South China Morning Post via Getty Images

Tesla said it was profitable for the second straight quarter on Wednesday, though it reported a slightly smaller profit than analysts expected. The company also reassured investors that it had "sufficient cash on hand" for a bond payment due in March.

Details: Tesla said strong sales were offset by cheaper Model S and Model X vehicles in China, as well as the lower-priced version of the Model 3. Additionally, the company expects between 360,000 to 400,000 vehicle deliveries in 2019, which would constitute a 65% increase from last year.

Go deeper

Stef W. Kight, Will Chase
36 mins ago - Politics & Policy

It's harder to fill the Cabinet

Data: Chamberlain, 2020, "United States of America Cabinet Appointments Dataset" Chart: Will Chase/Axios

It's harder now for presidents to win Senate confirmation for their Cabinet picks, an Axios data analysis of votes for and against nominees found.

Why it matters: It's not just Neera Tanden. The trend is a product of growing polarization, rougher political discourse and slimming Senate majorities, experts say. It means some of the nation's most vital federal agencies go without a leader and the legislative authority that comes with one.

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Stef W. Kight, Jonathan Swan
36 mins ago - Politics & Policy

Exclusive: Hundreds of kids held in Border Patrol stations

Migrants cross the Rio Bravo to get to El Paso, Texas. Photo: Herika Martinez/AFP via Getty Images

More than 700 children who crossed from Mexico into the United States without their parents were in Border Patrol custody as of Sunday, according to an internal Customs and Border Protection document obtained by Axios.

Why it matters: The current backup is yet another sign of a brewing crisis for President Biden — and a worsening dilemma for these vulnerable children. Biden is finding it's easier to talk about preventing warehousing kids at the southern border than solving the problem.

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Lachlan Markay
36 mins ago - Politics & Policy

Pompeo plots 2024 power play

Mike Pompeo in Washington on Feb. 12. Photo: Samuel Corum/Getty Images

Mike Pompeo has quickly reentered the political fray, raising money for Republicans, addressing key political gatherings and joining an advocacy group run by Donald Trump's former lawyer.

Why it matters: The former secretary of state is widely considered a potential 2024 presidential contender. His professional moves this week indicate he's working to keep his name in the headlines and bolster a political brand built largely on foreign policies easily contrasted with the Biden White House.

Go deeper (1 min. read)Arrow