“Aviation has not seen a giant leap in decades.” The Overture Airline company Boom Supersonic has shown off brand new renders of its Overture aircraft, which it claims will become the “world’s fastest airliner.” The company unveiled the “production design” of the sleek jet, which includes four engines, a new fuselage, and fewer passenger seats… Continue reading World’s “Fastest Airliner” Could Cross Atlantic In Just 3.5 Hours
Tag: Tesla
250,000 car deliveries in one quarter can’t save Tesla from dwindling revenue
The supply chain issues that have wracked the rest of the automotive industry for more than a year appear to have finally caught up with Tesla. The EV automaker announced on Wednesday’s Q2 investors report that its automotive revenue has declined by more than 13 percent following last quarter’s record-breaking mark despite ending the quarter… Continue reading 250,000 car deliveries in one quarter can’t save Tesla from dwindling revenue
Jury finds Tesla just ‘1%’ responsible for a Florida teen’s crash
Tesla is receiving minimal blame for a fiery 2018 crash in South Florida, which killed two teenagers and injured another. A jury today found Tesla just one percent responsible for the crash, reports the AP, which means it’s only responsible for paying $105,00 of the $10.5 million awarded to the teen’s family. 90 percent of… Continue reading Jury finds Tesla just ‘1%’ responsible for a Florida teen’s crash
Tesla profits jump despite production turmoil and China shutdowns
Electric carmaker’s gross margin slips from recent record after higher spending on new plants Go to Source
Tesla to increase cost of FSD beta software beyond its $12,000 price tag
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
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