Find out how Tesla has reported a quarter net Profit amid covid19!

1 min read | April 30, 2020 08:51 PM AEST | By Team Kalkine Media

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Tesla has reported a small first-quarter net profit as its CEO ranted about the legality of government stay-home orders issued to prevent the coronavirus from spreading. The electric car and solar panel company on Wednesday said it made $A24 million from January through March, its third-straight profitable quarter.

Australia's largest listed gold miner has announced a $1.1 billion equity raising, in part to fund its $US460 million ($A703 million) further stake in a goldmine in southeast Ecuador.

Newcrest Mining's capital raising consists of a $1 billion institutional placement at $27.54 a share, a seven percent discount to Wednesday's closing price, plus a $100 million share purchase plan.

Australia's export price index rose by 2.7 percent for the three months to March 31, swinging from a 5.2 percent decline in December when increased global supply of coal, metalliferous ores and metal scrap had compounded subdued demand from China.

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