Tesla is now aiming for a 6,000 vehicle per week rate, which it hopes to achieve by the end of August. By year-end it hopes to ramp up to a rate of 10,000 per week. Musk said the company is still aiming to produce 1 million cars per year by 2020, but that a number… Continue reading Tesla shares surge as upbeat Musk sees profitable second
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Tag: Tesla
Tesla CEO Elon Musk apologizes to analysts
On Wednesday, Musk said of his impoliteness towards analysts, “I violated my own rule in that regard…There’s no excuse.” The CEO’s contrite tone on Wednesday’s call may assuage the concerns of investors who worried about Musk’s leadership style under pressure. CFRA’s Efraim Levy wrote in a note to investors on Wednesday, even ahead of the… Continue reading Tesla CEO Elon Musk apologizes to analysts
Elon Musk says Tesla A.I. chip project is ‘finally coming to fruition’
Tesla CEO Elon Musk said Wednesday that the company’s custom-built chip for handling autonomous driving is nearly ready.
Tesla’s autonomous ‘coast-to-coast’ drive on hold while Autopilot team focuses on safety
Tesla’s autonomous coast-to-coast drive, originally promised in 2016, is on hold while the company’s Autopilot team stays “heads down” on improving the driver assist system’s safety features, Elon Musk said in a call with investors Wednesday. Musk also teased a new software update to Autopilot — version 9.0 — coming in September that he said… Continue reading Tesla’s autonomous ‘coast-to-coast’ drive on hold while Autopilot team focuses on safety
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.
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
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
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’