Reuters / Rebecca Cook Tesla CEO Elon Musk said on Friday that the automaker would be profitable by the third or fourth quarter of this year. Musk reiterated that the company will not need to raise money this year. Tesla is currently making about 2,000 Model 3 vehicles a week. Silicon Valley billionaire Elon Musk… Continue reading Elon Musk says Tesla will be profitable before the end of the year
Author: Business Insider
Elon Musk says humans are underrated and that he regrets using so many robots to build the Model 3 (TSLA)
Musk showed CBS the Model 3 production line.YouTube / CBS This Morning On Friday morning, CBS This Morning aired an interview with Elon Musk in which he discussed Tesla‘s difficulties in ramping up Model 3 production since the mass-market sedan was unveiled in July. In the afternoon, Musk said on Twitter that the company used… Continue reading Elon Musk says humans are underrated and that he regrets using so many robots to build the Model 3 (TSLA)
Elon Musk said there are too many robots on the Model 3 production line (TSLA)
The factory in Fremont, California, where Tesla produces its vehicles. Tesla Critics have argued that Tesla is too reliant on automation in its Model 3 production process. Elon Musk said he agreed with his critics in an interview with CBS This Morning. He said he believes the company needs more people working in the factory… Continue reading Elon Musk said there are too many robots on the Model 3 production line (TSLA)
Uber eyes transit beyond ride-hailing
BI Intelligence This story was delivered to BI Intelligence Transportation and Logistics Briefing subscribers hours before it appeared on Business Insider. To be the first to know, please click here. Uber will update its mobile application to give users access to modes of transportation outside its core ride-hailing business, including bike-sharing, car-sharing vehicles, and public… Continue reading Uber eyes transit beyond ride-hailing
Tesla aims to begin Model Y SUV production in November 2019, sources say (TSLA)
AP Photo/Jeff Chiu Tesla aims to begin producing its Model Y SUV in November 2019, sources told Reuters. Reuters has learned the Silicon Valley company led by Chief Executive Elon Musk is accepting preliminary bids for supplier contracts on the Model Y, a compact crossover companion to the Model 3 sedan. The new Model Y… Continue reading Tesla aims to begin Model Y SUV production in November 2019, sources say (TSLA)
Another cheap new Uber rival called ViaVan just launched in London
ViaVan ViaVan is a cheap new rival to Uber in London. It lets passengers summon a shared ride through an app, but unlike Uber it doesn’t offer individual rides. The idea is to reduce congestion and give people an alternative to public transport and Uber. ViaVan launches around six months after its two rivals, Taxify… Continue reading Another cheap new Uber rival called ViaVan just launched in London
2 Tesla drivers tried to recreate the fatal Model X accident and found a major flaw with Autopilot (TSLA)
The aftermath of the fatal Model X crash on March 23 in California. KTVU via Associated Press On Friday, Tesla revealed that the Model X driver who was killed in an accident in California had activated Autopilot before the crash. A pair of YouTube videos from other Tesla drivers may shed light on what could… Continue reading 2 Tesla drivers tried to recreate the fatal Model X accident and found a major flaw with Autopilot (TSLA)
Uber is shutting down UberRush — its high-speed delivery service competing with Amazon
Uber Uber will be shutting down same-day delivery service UberRush in three months according to a statement to The Wall Street Journal. UberRush provided high-speed deliveries to compete with companies like Amazon, but it only ever launched in three cities, as it faced some challenges that stemmed from things like its hands-off approach to workers.… Continue reading Uber is shutting down UberRush — its high-speed delivery service competing with Amazon
Uber confirmed that it’s selling its Southeast Asia business to rival Grab
Dara Khosrowshahi, CEO of Uber. Drew Angerer/Getty Images SINGAPORE (Reuters) – Ride-hailing firm Uber Technologies Inc has agreed to sell its Southeast Asian business to bigger regional rival Grab, the firms said in a statement on Monday, marking the U.S. company’s second retreat from an Asian market. As part of the transaction, Uber will take… Continue reading Uber confirmed that it’s selling its Southeast Asia business to rival Grab
Tesla reveals the driver killed in a Model X crash was traveling with Autopilot engaged, received ‘several’ automated warnings before the collision
KTVU via Associated Press A Tesla Model X destroyed in a fiery crash that also killed the driver had been operating on Autopilot moments before the collision, Tesla announced on Friday night, citing information collected from vehicle logs. The company said the driver had set a distance-control feature that determines how much space the Model… Continue reading Tesla reveals the driver killed in a Model X crash was traveling with Autopilot engaged, received ‘several’ automated warnings before the collision