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By Narottam Medhora and Alexandria Sage SAN FRANCISCO (Reuters) - Tesla Motors Inc reported its first quarterly net profit in more than three years on Wednesday, buoyed by nearly $139 million in sales of clean car credits, and Chief Executive Elon Musk said the company could turn a profit again in the fourth quarter. Musk told analysts the company's current plan "does not require any capital raise for the Model 3 at all." The tech billionaire said Tesla could still raise capital to "account for uncertainty ... and de-risk the business," however. The third quarter profit and a leaner capital spending plan could help grease the wheels for Musk if he does seek to tap the markets for cash.
SALT LAKE CITY (AP) — Students at Brigham Young University who report sexual assault will no longer be investigated for possible violations of the strict honor code that bans drinking and premarital sex, the Mormon-owned school announced Wednesday in a major reversal to a practice that drew widespread scrutiny.
Prime Minister Theresa May's office played down the significance of comments she made before the referendum warning that companies would leave Britain if the country backed Brexit, after the Guardian newspaper published a recording of a private meeting she held with Goldman Sachs. At the time, she was interior minister and campaigning, albeit quietly, for Britain to remain in the EU. "I think if we were not in Europe, there would be firms and companies who would be looking to say, do they need to develop a mainland presence in Europe rather than the UK," May said in the recording obtained by the Guardian.