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
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Musk Admits Automation At Tesla Factory Was a Bad Idea
Elon Musk is under a lot of pressure right now – Model 3 production over at the Tesla factory isn’t exactly going according to plan. First, Q1 numbers looked grim: less than 10,000 Model 3s rolled off the assembly line — a far shot from his promise of producing 5,000 Model 3s a week. And then there’s… Continue reading Musk Admits Automation At Tesla Factory Was a Bad Idea
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)
UPDATE 4-Musk insists Tesla does not need more capital, predicts profit soon
(Reuters) – Tesla Inc (TSLA.O) will be profitable in the third and fourth quarters of this year and will not have to raise any money from investors, billionaire Chief Executive Elon Musk said on Friday, driving shares in the electric carmaker higher. FILE PHOTO: Elon Musk, founder, CEO and lead designer at SpaceX and co-founder… Continue reading UPDATE 4-Musk insists Tesla does not need more capital, predicts profit soon
General Motors to cut shift at Chevy Cruze plant in Ohio, potentially affecting 1,500 workers
General Motors plans to cut a shift at its Lordstown Assembly plant in Ohio. (Photo: General Motors) General Motors plans to cut a shift at its Lordstown Assembly plant in Ohio, potentially affecting as many as 1,500 workers, in an apparent reflection of the down market for passenger cars. The automaker confirmed Friday it would cut… Continue reading General Motors to cut shift at Chevy Cruze plant in Ohio, potentially affecting 1,500 workers
BRIEF-Elon Musk in response to CBS report tweets – “Yes, excessive automation at Tesla was a mistake”
* “YES, EXCESSIVE AUTOMATION AT TESLA WAS A MISTAKE. TO BE PRECISE, MY MISTAKE. HUMANS ARE UNDERRATED” Further company coverage: Go to Source
BRIEF-GM Cuts Several Hundred Jobs At Ohio Plant As Car Sales Continue To Slide -CNBC
* GM CUTS SEVERAL HUNDRED JOBS AT OHIO PLANT AS CAR SALES CONTINUE TO SLIDE -CNBC Source : [https://cnb.cx/2qw8cMo] Further company coverage: Go to Source
Marchionne: Don't expect next Fiat Chrysler CEO to be named until 2019
CLOSE Speculation about the future of Fiat Chrysler Automobiles has increased dramatically over the past week with reports first suggesting Jeep could be sold to a Chinese automaker and now reports that Alfa Romeo and Maserati could be spun off into a stand alone company. The various reports have been prompted, in part, by recent… Continue reading Marchionne: Don't expect next Fiat Chrysler CEO to be named until 2019
UPDATE 2-Musk says Tesla will be profitable in Q3, Q4
(Reuters) – Tesla Inc (TSLA.O) will be profitable in the third and fourth quarters of this year and will not have to raise any money from investors, billionaire Chief Executive Elon Musk said on Friday, driving shares in the electric carmaker higher. FILE PHOTO: A Tesla dealership is seen in West Drayton, just outside London,… Continue reading UPDATE 2-Musk says Tesla will be profitable in Q3, Q4
Mercedes eSprinter’s range is meant for deliveries, not road trips
Mercedes Mercedes’ Sprinter van is designed as a purely commercial vehicle. Need more proof? Once it goes on sale, it’ll have a pair of battery options, but neither will get you further than 93 miles, according to Electrek. While that sounds nightmarish if you’re hoping to take a long jaunt on the highway, delivery vehicles… Continue reading Mercedes eSprinter’s range is meant for deliveries, not road trips