Tesla makes a surprising profit and increases its stock market value strongly. RED decides not to start a second experiment after the first failed one, despite the original announcement it would.
Winner of the week: Tesla
Tesla's future is a recurring topic of discussion, and this is understandable in view of falling sales. Surprisingly, there was very good news for Elon Musk and his company this week. Tesla generated a profit of $143 million in the third quarter of 2019.
However, Tesla has not only been in the black, but has also been valued much higher on the stock exchange after the announcement of the figures. The shares rose by a good 18 percent, which drove the market value of the electric car manufacturer to $53.7 billion. And Tesla has thus overtaken the previous front-runner General Motors and made it as the most valuable US automobile manufacturer. We are looking forward to seeing what the future holds for Tesla.
Loser of the week: RED
RED had ambitiously launched into the smartphone world with the Hydrogen One. In March, the manufacturer announced a successor. But that won't appear now, because the company won't build any more smartphones, unlike they promised.
The Hydrogen One had attracted attention as it was supposed to contain a holographic display. But the reviews were devastating. The screen was certainly not holographic. Rather, it was more of a blurry 3D effect that was only available in a few apps anyway. The manufacturer had also announced modules and then not delivered them. Many promises without delivering. That's where the latest news comes in. The manufacturer will continue to produce digital film cameras, however.
Who were your winners and losers of the week?