Yahoo Finance Tesla, Impossible Whopper, 'Avengers': 3 top trending stories today
Tesla may seek alternative financing
Tesla (TSLA) is now seeking “alternative sources” of financing. The company expects cash flow from its current operations to be enough to cover its future expenditures, but it could also seek other sources for funds. This comes just days after Tesla Founder and CEO Elon Musk reached a settlement with the Securities and Exchange Commission, regarding the Musk’s use of Twitter.
In a 10-Q filing published Monday, the company stated, "We expect that the cash we generate from our core operations will generally be sufficient to cover our future capital expenditures and to pay down our near-term debt obligations, although we may choose to seek alternative financing sources.”
The electric carmaker reported disappointing earnings for its first quarter, reporting an adjusted loss of $2.90 a share on sales of $4.54 billion, compared to a FactSet estimate of $5.42 billion and an adjusted loss of $1.15 per share. This loss came after disappointing delivery numbers and pricing adjustments to its vehicles.
Burger King’s plant-based burger
Burger King is now planning a nationwide release of its plant-based Impossible Whopper by the end of the year. The fast-food chain is extending its testing of the vegetarian burger in additional markets after its initial pilot test in St. Louis.
The Impossible Whopper is made to taste exactly like Burger King’s regular Whopper, aimed to mimic the look and texture of meat when cooked. The global market for meat substitutes is forecast to grow from an estimated $4.6 billion in 2018 to $6.4 billion by 2023, according to research firm Markets and Markets. Burger King, which is owned by Restaurant Brands, aims to take advantage of the trend with this plant-based product.
Disney’s Box Office Boom
Disney’s (DIS) “Avengers: Endgame” made box-office history in its opening weekend. The long-awaited film reeled in $1.2 billion in global ticket sales, $356 million in North America and $866 million overseas. “Endgame” broke the one billion dollar barrier in just five days.
Prior to the “Endgame” premiere, Disney’s “Avengers: Infinity War” held the title for the largest worldwide debut with $640 million. Marvel is no stranger to breaking records, as both movies topped the two biggest worldwide launches ever.
