Tesla CEO Elon Musk said the company will start rolling out “breakthrough” features to its semi-autonomous Autopilot software in around four weeks during the company’s second-quarter earnings call on Wednesday. Musk said some customers would begin receiving the update in around four weeks and all Tesla customers who purchased Autopilot would receive the update in… Continue reading Elon Musk said ‘breakthrough’ Autopilot features to arrive soon (TSLA)
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Tesla says these are the 5 cars people are trading in for the Model 3 (TSLA)
Tesla revealed the cars people are giving up in favor of its Model 3 sedan on Wednesday during the company’s second quarter 2018 earnings call. According to Tesla, the most commonly traded in models include the Honda Accord, Honda Civic, Toyota Prius, Nissan Leaf, and BMW 3 Series. Even though Tesla sees the Model 3… Continue reading Tesla says these are the 5 cars people are trading in for the Model 3 (TSLA)
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
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