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
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Rideshare companies offered New York $100M to drop proposed regulations
Lyft, Uber and Via yesterday made an offer to succor New York City’s beleaguered taxi medallion owners: a $100 million relief fund paid over five years to cover the plight of these poor souls. But the city, in its arrogance, refused this generosity! How could they? Perhaps because the money was contingent on New York… Continue reading Rideshare companies offered New York $100M to drop proposed regulations
Tesla expects to make 6,000 Model 3s per week by the end of August (TSLA)
Tesla expects to make 6,000 Model 3 sedans in a week by the end of August, the company said in its second-quarter earnings letter, and a total of 50,000 to 55,000 Model 3s in the third quarter. In 2019, the company expects to make 10,000 Model 3s per week. While most of its production lines… Continue reading Tesla expects to make 6,000 Model 3s per week by the end of August (TSLA)
Tesla is adding Atari games to the in-car display with next software update
Tesla’s 9.0 vehicle software update will include several playable Atari games as new Easter eggs, according to CEO Elon Musk. He said that the update should be released in “about four weeks.” In a follow-up tweet, Musk said that he’s hoping to include Pole Position, Tempest, and Missile Command “in this release,” which obviously opens… Continue reading Tesla is adding Atari games to the in-car display with next software update
Tesla’s alleged ‘saboteur’ strikes back with defamation suit
Martin Tripp, the former Tesla employee who was fired and then sued by the electric vehicle automaker, has filed a lawsuit, alleging statements made by CEO Elon Musk in recent weeks (many in tweet form) defamed him. Tripp is asking for $1 million in damages from the electric automaker. Tripp, who has hired an Arizona-based law firm,… Continue reading Tesla’s alleged ‘saboteur’ strikes back with defamation suit
Volkswagen says WLTP could cause burden of more than 1 bln eur.
FRANKFURT, Aug 1 (Reuters) – Resolving bottlenecks caused by tougher emissions rules could cost Volkswagen more than 1 billion euros, Chief Financial Officer Frank Witter said on Wednesday. The auto industry is struggling to adapt its vehicles to meet the new Worldwide Harmonized Light Duty Vehicles Test Procedure, known as WLTP, which takes effect from… Continue reading Volkswagen says WLTP could cause burden of more than 1 bln eur.
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’
VW CEO says anti-pollution rules may hit profits, car sales
FRANKFURT (Reuters) – Volkswagen Group’s (VOWG_p.DE) Chief Executive Herbert Diess warned that new anti-pollution tests pose a risk to the carmaker’s profit targets. VW has warned that production of up to 250,000 cars will be delayed as it struggles to adapt its vehicles to a new anti-pollution test, the Worldwide Harmonized Light Duty Vehicles Test… Continue reading VW CEO says anti-pollution rules may hit profits, car sales
UPDATE 1-Ferrari confirms guidance as new CEO takes the wheel
MILAN (Reuters) – Ferrari (RACE.MI) reported a 7 percent rise in second-quarter adjusted core earnings and confirmed its outlook for the year as a new boss takes charge at the Italian supercar maker following the death of Sergio Marchionne. FILE PHOTO: The Ferrari Insignia is seen at the back of a Ferrari Testarossa during a… Continue reading UPDATE 1-Ferrari confirms guidance as new CEO takes the wheel