Ticker: Ozy shuts down as problems mount; Tesla reports Q3 sales boost;

Ozy is shutting down less than a week after a New York Times column raised questions about the media organization’s claims of millions of viewers and readers, while also pointing out a potential case of securities fraud.

The story triggered canceled shows, an internal investigation, investor concern and high-level departures at the company.

An emailed statement Friday from Ozy Media’s board called it a company with many “world-class journalists and experienced professionals to whom we owe tremendous gratitude.” It said it was “with the heaviest of hearts that we must announce today that we are closing Ozy’s doors.”

The board’s statement did not give the reason for shutting down the company, which is based in Mountain View, Calif. Ozy did not respond to questions about why it was shutting down now nor how many employees it had.

The Times story said Ozy’s chief operating officer and co-founder, Samir Rao, impersonated a YouTube executive on a call with Goldman Sachs while attempting to raise money from the investment bank.

Tesla reports Q3 sales boost

Tesla says it delivered 241,300 electric vehicles in the third quarter even as it wrestled with a global shortage of computer chips that has hit the entire auto industry.

The Palo Alto, Calif., company’s sales from July through September beat Wall Street estimates of 227,000 sales worldwide, according to data provider FactSet.

Third-quarter sales rose 72% over the 140,000 deliveries Tesla made for the same period a year ago.

So far this year, Tesla has sold around 627,300 vehicles, already soundly beating last year’s total of 499,550.

from Boston Herald https://ift.tt/3FoPECS