Block (NYSE:SQ) reported quarterly sales of $4.51 billion which beat the analyst consensus estimate of $4.50 billion by 0.33 percent. This is a 17.43 percent increase over sales of $3.85 billion the same period last year.
Warren Buffett-Backed BYD’s Sales Executive Warns Tesla Ahead Of Earnings: ‘You’ll Face Serious Challenges’
Tesla, set to report its results after the market closes on Wednesday, is under pressure due to a slowdown in global EV demand and the need to maintain its profit margins. The company has already reduced its prices in China, the world's largest auto market, amid intensifying competition and investor doubts, which have led to a market valuation drop of over $94 billion in the first two weeks of 2024.
