Tesla plans to increase the price of its branded “full self-driving” beta software, the advanced driver assistance system that CEO Elon Musk has said will mean the difference between the company “being worth a lot of money or worth basically zero.” Tesla vehicles today come standard with its driver assistance system called Autopilot. For an… Continue reading Tesla to increase cost of FSD beta software beyond its $12,000 price tag
Tag: Tesla
Tesla Cybertruck on track to launch summer 2023, Elon Musk says
Tesla CEO Elon Musk confirmed Wednesday that the automaker aims to launch its long-awaited Cybertruck mid-2023. “We are still expecting to be in production with the Cybertruck in middle of next year,” Musk said during Tesla’s second-quarter financial report. “We’re very excited about that product. It might actually be our best product ever.” Although prototypes… Continue reading Tesla Cybertruck on track to launch summer 2023, Elon Musk says
Tesla’s Second-Quarter Earnings Hurt By Supply Chain Problems and Bitcoin
Tesla said Wednesday that profit in the second quarter fell nearly one-third from the first quarter as deliveries slowed because of shutdowns and raw materials shortages at the carmaker’s factory in Shanghai. Profit in the quarter was $2.3 billion, Tesla said, compared to $3.3 billion in the first quarter, which was a record. Sales fell… Continue reading Tesla’s Second-Quarter Earnings Hurt By Supply Chain Problems and Bitcoin
Tesla earnings show quarterly decline in profits, year-over-year growth
Tesla’s second-quarter earnings report tells a story of quarterly declines and year-over-year growth. The company reported Wednesday a quarterly decline in revenue and earnings as supply chain constraints, inflation and an extended shutdown in China chipped away at its bottom line. Tesla generated $16.9 billion in revenue in the second-quarter, down from $18.8 billion in… Continue reading Tesla earnings show quarterly decline in profits, year-over-year growth
Lyft lays off about 60 employees, shutters in-house car rentals program
Lyft has joined the ranks of tech companies trimming its workforce. The news of the layoffs, initially spotted in LinkedIn posts by now-former Lyft employees, has been confirmed by the company. Lyft said it has laid off about 60 people and dropped its in-house car rental service and is consolidating global operations. The Wall Street… Continue reading Lyft lays off about 60 employees, shutters in-house car rentals program
Tesla (TSLA) announces it sold most of its Bitcoin
Tesla (TSLA) announced today that it sold most of its Bitcoin, about 75%, during the last quarter. The automaker didn’t elaborate on the reason. Early in 2021, Tesla invested $1.5 billion in Bitcoin. Shortly after, the automaker started accepting the cryptocurrency as payment on new vehicles. However, a few days later, Tesla took a step back with crypto… Continue reading Tesla (TSLA) announces it sold most of its Bitcoin
Tesla surpasses 35 million miles driven on Full Self-Driving Beta, and pace is ramping up
Tesla is reporting that its fleet of customers driving with the Full Self-Driving (FSD) Beta has now surpassed 35 million miles driven, and the pace is ramping up. FSD Beta enables Tesla vehicles to drive autonomously to a destination entered in the car’s navigation system, but the driver needs to remain vigilant and ready to… Continue reading Tesla surpasses 35 million miles driven on Full Self-Driving Beta, and pace is ramping up
Tesla (TSLA) reports massive increase in production capacity across all factories
Tesla (TSLA) is reporting a massive increase in production capacity across all its factories, closing in on a 2 million vehicle annual production capacity. While Tesla had a tough Q2 2022 due to its forced factory shutdown at Gigafactory Shanghai, we knew that the automaker took the opportunity to increase capacity everywhere during that time.… Continue reading Tesla (TSLA) reports massive increase in production capacity across all factories
Tesla grows revenue 42%, but automotive margins decline
Tesla’s margins were impacted by inflation and fiercer competition for the components that go into EVs. Go to Source
Jury: Tesla just 1% to blame for teen driver’s fiery crash
Miami – A jury in Florida has found Tesla just 1% negligent in a fiery crash that killed two teens, for disabling a speed limiter on the electric car. Tuesday’s verdict placed 90% of the blame on the driver, Barrett Riley, and 9% on his father, James Riley, who brought the lawsuit against Tesla. It’s… Continue reading Jury: Tesla just 1% to blame for teen driver’s fiery crash