Tesla CEO Elon Musk said Wednesday that the company’s custom-built chip for handling autonomous driving is nearly ready.
Author: CNBC Online news
Tesla earnings watch is ‘all about profitability’
The key question on investors’ minds when Tesla reports second quarter earnings after the market closes Wednesday is when it will start to turn a profit.
Ferrari shares drop 10% after new CEO calls financial targets ‘aspirational’
Ferrari shares dropped about 10 percent on Wednesday after its new CEO said its financial targets to 2022 are “aspirational.”
Tesla misses on bottom line, but says it will be profitable in second half
Tesla‘s second-quarter loss was wider than analysts expected on Wednesday, but the company backed its prior forecast that calls for profitable third and fourth quarters.
Tesla hits Model 3 production goals, plans to churn out 6,000 weekly by end of August
VCG | Getty Images A Tesla Model 3 car is on display during the Auto China 2018 at China International Exhibition Center on April 25, 2018 in Beijing, China. Tesla said in a second quarter earnings update on Wednesday that it has repeatedly produced 5,000 Model 3 electric sedans in a week. Previously, the company… Continue reading Tesla hits Model 3 production goals, plans to churn out
6,000 weekly by end of August
From selfies to drunken driving, teens pick up bad driving habits from parents, auto insurer says
Parents who speed, take selfies while behind the wheel and drive under the influence of alcohol produce teenage drivers who adopt the same bad habits, a new study by Liberty Mutual Insurance suggests.
Elon Musk trolls billionaire betting against Tesla: ‘Will send Einhorn a box of short shorts’
Alberto E. Rodriguez | Getty Images Elon Musk, co-founder and chief executive officer of Tesla Inc. David Einhorn’s hedge fund Greenlight Capital said the firm’s bet against Tesla shares “was our second biggest loser” in the most recent quarter. The billionaire also said in the Greenlight letter he was “happy that his Model S lease… Continue reading Elon Musk trolls billionaire betting against Tesla: ‘Will
send Einhorn a box of short shorts’
Here’s what seven experts had to say about the future of Tesla and Elon Musk
Tesla‘s future is a hotly debated topic. And even more so after Elon Musk’s recent outbursts on Twitter and headlines that the electric car company is asking suppliers for refunds.
The future of Ferrari under the Marlboro man
Getty Images Sergio Marchionne, Chief Executive Officer, Fiat Chrysler Automobiles is viewed next to a Ferrari after ringing the Closing Bell on the floor of the New York Stock Exchange (NYSE) on October 13, 2014 in New York City. Friends and colleagues of Camilleri, who requested anonymity because they aren’t authorized to speak for him… Continue reading The future of Ferrari under the Marlboro man
Avis now offering rental car discounts to Amazon customers
Luke Sharrett | Bloomberg | Getty Images A customer boards an Avis Budget Group Inc. shuttle bus at the Denver International Airport (DEN) in Denver, Colorado, U.S., on Wednesday, Oct. 28, 2015. Avis Budget Group is now rewarding Amazon customers for renting its cars. Now, when Amazon customers book an Avis vehicle, they will receive… Continue reading Avis now offering rental car discounts to Amazon
customers