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Tesla Releases Second Quarter 2018 Financial Results
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Tesla Releases Second Quarter 2018 Financial Results
Aug 01,2018
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Tesla Releases Second Quarter 2018 Financial Results
PALO ALTO, Calif. , Aug. 01, 2018 (GLOBE NEWSWIRE) — Tesla has released its financial results for the second quarter of 2018 by posting the current Update Letter on its Investor Relations website. Please visit http://ir.tesla.com to view the letter.
As previously announced, Tesla management will host a live question & answer (Q&A) webcast at 2:30 p.m. Pacific Time ( 5:30 p.m. Eastern Time ) to discuss the results and outlook.
The webcast will be archived on the company’s website following the call.
Source: Tesla, Inc.
Statement from the following members of Tesla’s Board of Directors: Brad Buss, Robyn Denholm, Ira Ehrenpreis, Antonio Gracias, Linda Johnson Rice, and James Murdoch
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Statement from the following members of Tesla’s Board of Directors: Brad Buss, Robyn Denholm, Ira Ehrenpreis, Antonio Gracias, Linda Johnson Rice, and James Murdoch
Aug 08,2018
PDF Version
Statement from the following members of Tesla’s Board of Directors: Brad Buss, Robyn Denholm, Ira Ehrenpreis, Antonio Gracias, Linda Johnson Rice, and James Murdoch
PALO ALTO, Calif., Aug. 08, 2018 (GLOBE NEWSWIRE) — Last week, Elon opened a discussion with the board about taking the company private. This included discussion as to how being private could better serve Tesla’s long-term interests, and also addressed the funding for this to occur. The board has met several times over the last week and is taking the appropriate next steps to evaluate this.
Source: Tesla, Inc.
Audi brings Disney VR to backseat
Audi has created a VR system that reacts to the actual movements of the car a passenger is riding in. The car maker worked with Disney’s Games and Interactive Experiences division to produce the game concept which adapts to turns and acceleration. The team behind the tech insisted it would not make people feel sick,… Continue reading Audi brings Disney VR to backseat
Why you should buy a Volvo or an Audi instead of the 2019 Infiniti QX60
Why you should buy a Volvo or an Audi instead of the 2019 Infiniti QX60
Mack Hogan | CNBC
Mack Hogan | @macklinhogan
8:48 AM ET Wed, 2 Jan 2019
Infiniti is often forgotten in the luxury market. Created by Nissan as the Japanese company's premium brand, it plays in the near-luxury space alongside Acura and Buick. One of its most important products is the QX60.
For the many who aren't familiar with Infiniti parlance, the QX60 is the company's three-row crossover that slots between the gargantuan QX80 and the all-new QX50. It's a family crossover aimed squarely at segment stalwarts like the Acura MDX.
There's one problem, though: It doesn't feel like a proper luxury product.
The Good
As first impressions go, the QX60 isn't bad. Despite being the sort of massive crossover that American families crave, it still manages to look svelte. Some credit must go to the combination of gun-metal gray accents and lovely deep Bordeaux paint fitted to $65,930 Luxe model I tried.
I was impressed by creamy leather that's quilted to look more upscale. The breeziness of the cabin is magnified by a light wood trim and moon roofs stretching to the third row, helping the QX60 to feel bigger than it actually is. An accomplishment for sure, as the QX60 is no small beast.
Mack Hogan | CNBC
The third row is suitable for seating adults, while still offering a reasonable 16 cubic feet of cargo space behind the back row. It's also easy to move about the cabin, with seats that fold without any hassle and create large passageways for the kids to pile through.
Mack Hogan | CNBC
Finally, it's hard to complain about the on-board equipment. My tester had rear-seat entertainment, a Bose stereo, heated and cooled front seats, heated second-row seats, automatic emergency braking, adaptive cruise control, automatic high beams, a surround-view camera and the aforementioned surplus of moon roofs. In a three-row luxury crossover, that's not a negligible list of kit for $65,930.
Mack Hogan | CNBC
The Bad
But you can put all the kit you like on a luxury crossover and still get nowhere; it has to feel like a premium product. And the QX60 simply doesn't.
Part of the blame has to be assigned to the working-class roots of the QX60. Underneath, it shares most of its architecture with the Nissan Pathfinder. Plus, we haven't seen an all-new model in over five years.
Neither of those factors is disqualifying in and of themselves. Lexus cars often share bits with Toyota but still manage to feel luxurious, for instance. But the QX60 certainly doesn't. See, offerings from the newest generation of three-row family haulers manage to shrink around you. Buyers don't want to feel like they're commanding a battleship when they're parking outside of Target.
Mack Hogan | CNBC
Yet the QX60 hearkens back to that era. Pulling it into my garage felt like steering a Nimitz-class aircraft carrier through the Panama Canal. On the freeway, it's ponderous and floaty with no discernible connection between the steering wheel and the front wheels of the vehicle. Yes, it's quiet and comfortable, but so are the three-row haulers from Toyota, Mazda, Chevy and even Nissan.
If you're thinking that the tech justifies the price, I'm afraid that isn't the case. While active safety features are on board, they aren't as advanced as the ones on Nissan's Rogue, an SUV that is a full class below the QX60 and doesn't even make an attempt at being a luxury SUV.
Mack Hogan | CNBC
You're also getting a navigation system that was designed during the Bronze Age and that's flanked with acres of gray plastic that has no place in a $65,000 SUV.
As for the powertrain, it's an utterly forgettable combination of Nissan's 3.5-liter V-6 with the company's standard Continuously Variable Transmission (CVT). If there's any life in this engine, the CVT sucks it out.
Mack Hogan | CNBC
Final Thoughts
If you've never driven an honest-to-goodness luxury car, the QX60 probably feels nice. You could probably buy one and be entirely satisfied. But some day, your friend is going to offer you a ride in their new Volvo XC90 or Audi Q7. And when you find out that you could have had one for the same price as your Infiniti, you'll never enjoy it again.
In sum, the QX60 doesn't feel any more special than your run-of-the-mill Highlander, CX-9, Pilot or Durango. In some ways — like in the infotainment department — it's far behind even those choices.
Infiniti, though, charges a luxury price for a definitively mainstream crossover. I suggest you look elsewhere.
Rating:
Exterior: 4
Interior: 2
Driving Experience: 1
Value: 1
Overall: 2
Price as tested: $65,930
Mack Hogan | CNBC
more from Tech Guide
Tesla cuts prices on all models by $2,000 to offset reduction in federal tax credit
Tesla's fourth quarter deliveries 'a big disappointment,' says Gene Munster
9:11 AM ET Wed, 2 Jan 2019 | 07:22
Tesla is cutting the prices on all of its models by $2,000 to help offset a reduction in federal tax credits for drivers who buy electric vehicles.
The $7,500 federal tax credit for electric cars was cut in half as of Tuesday.
The company announced the price cut Wednesday as it released delivery results for the fourth quarter that disappointed investors and sent shares south by more than 9 percent.
Tesla said it made the move to soften the impact of falling federal tax credits. But some bearish investors are likely interpreting it as a move to stimulate demand, said Wedbush analyst Dan Ives.
“It was a move that was within the realm of possibility, but it caught investors off guard,” he said.
Reuters | Stephen Lam
A tent is seen at the Tesla factory in Fremont, California, U.S. June 22, 2018.
General Motors’ US sales slip as it places big bet on pickup trucks
Daniel Acker | Bloomberg | Getty Images
Attendees stand under a General Motors Co. 2017 Sierra 2500 Denali HD pickup truck during the Chicago Auto Show in Chicago, Illinois, U.S., on Thursday, Feb. 9, 2017.
General Motors' sales slipped in the U.S. during the fourth quarter, but the automaker said Thursday there's still strong demand for pickup trucks, sport utility vehicles and crossovers.
The largest U.S. automaker said its Chevrolet and GMC brands led the industry in pickup sales for the fifth-consecutive year.
Overall, U.S. sales fell 2.7 percent during the fourth quarter of 2018 from a year earlier, the Detroit automaker said.
“We feel confident heading into 2019 because we have more major truck and crossover launches coming during the year and the U.S. economy is strong,” said Kurt McNeil, U.S. vice president of sales operations at GM.
The sales figures are the automaker's first such report since GM announced plans to cut 14,000 jobs amid waning consumer demand for passenger cars. GM plans to shift more of its production toward trucks, SUVs and crossovers, which are currently more popular than ever among buyers. These vehicles tend to fetch higher prices (and bigger profits) for automakers, which GM desperately needs as it sinks money into new businesses such as ride sharing, and new technologies such as self-driving cars.
DRIVE Software 8.0 Enables Surround Perception, AR for Safe Automated Driving
DRIVE Software 8.0 — which integrates enhanced perception, visualization and mapping capabilities into one release — makes it easy to see the road ahead for safe self-driving. The newest version of the extensive DRIVE Software suite, announced this week at CES, features advanced automated driving and in-cabin user experience functionalities powered by AI. Much of… Continue reading DRIVE Software 8.0 Enables Surround Perception, AR for Safe Automated Driving
Introducing NVIDIA DRIVE AutoPilot: AI-Powered System Delivers Safer Vehicles Today, Autonomous Driving Tomorrow
When it comes to creating safer roads, there’s no need to wait for vehicles that can drive themselves. AI has the potential to improve every new car today. At CES 2019 in Las Vegas, NVIDIA introduced DRIVE AutoPilot, a Level 2+ automated driving solution that uniquely provides both world-class autonomous driving perception and an intelligent… Continue reading Introducing NVIDIA DRIVE AutoPilot: AI-Powered System Delivers Safer Vehicles Today, Autonomous Driving Tomorrow
Hyundai Walking Car Concept is the Future of the First Responder Industry
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