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.

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Updated 7 mins ago - Politics & Policy

Coronavirus dashboard

Illustration: Sarah Grillo/Axios

  1. Global: Total confirmed cases as of 10 a.m. ET: 31,361,979 — Total deaths: 965,642— Total recoveries: 21,528,674Map.
  2. U.S.: Total confirmed cases as of 10 a.m. ET: 6,859,117 — Total deaths: 199,911 — Total recoveries: 2,615,949 — Total tests: 95,841,281Map.
  3. Health: The CDC's crumbling reputation — America turns against coronavirus vaccine.
  4. Politics: Elected officials are failing us on much-needed stimulus.
  5. Business: Two-thirds of business leaders think pandemic will lead to permanent changes — Wall Street fears stimulus is doomed.
  6. Sports: NFL fines maskless coaches.

Mitt Romney says he'll support moving forward with Supreme Court pick

Photo: Greg Nash/AFP/Pool via Getty Images

Mitt Romney announced Tuesday that he would support moving forward with a Senate vote on President Trump's selection to replace Supreme Court Justice Ruth Bader Ginsburg.

Why it matters: Barring any big surprises, Democrats have virtually no shot at stopping the confirmation process for the president’s nominee before November’s election.

Trump says he will announce Supreme Court pick on Saturday

Photo: Mandel Ngan/AFP via Getty Images

President Trump tweeted Tuesday that he plans to announce his Supreme Court pick on Saturday.

Why it matters: Republicans are moving fast to replace the late Justice Ruth Bader Ginsburg, which would tilt the balance of the high court in conservatives' favor and have lasting impact on climate policy, immigration and the Affordable Care Act. Judge Amy Coney Barrett, who met with the president this week, is a frontrunner for the job.

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