Tag: tesla
Tesla to reduce price of standard range Model 3 in China
Tesla said it will reduce the price of its standard range Model 3 vehicle in China to meet the government’s new eligibility requirements for subsidies. This marks the second time this year that the automaker has reduced the price. Several months ago, the base version of China-made Model 3 was…
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Tesla pushes Tesla Semi deliveries to 2021
Tesla is pushing back plans to produce and deliver its all-electric Class 8 until 2021, the company said in its quarter earnings report Wednesday. The move puts the Tesla Semi two years behind the automaker’s previous target. “We are shifting our first Tesla Semi deliveries to 2021,” the company said…
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Tesla delays Semi electric truck to 2021
You’ll have to wait a while longer before you see Tesla’s Semi hauling cargo. As part of a presentation discussing earnings, Tesla said it was “shifting” (read: delaying) deliveries of its electric big rig to 2021, or two years past its original 2019… Source
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Tesla turns Q1 profit on cost reductions, rising car margins, credits
Tesla reported Wednesday that it earned $16 million and generated $5.985 billion in revenue in the first quarter, results buoyed by improved automotive margins and reductions in operating expenses. Tesla’s first quarter earnings were lower than the previous period as the COVID-19 pandemic disrupted operations and dampened sales. But the…
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Former Tesla and Lyft exec Jon McNeill just launched a fund that plans to spin out its own companies
Lyft’s former COO Jon McNeill has had a fairly storied career as an operator. A Northwestern University economics major who worked at Bain & Co. out of college, he went on to start and sell five companies before being introduced in 2015 to Elon Musk by Sheryl Sandberg and spending…
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Stay-at-home order for 7 million Bay Area residents extended to end of May
A stay-at-home order for seven San Francisco Bay Area counties will be extended through the end of May due to the COVID-19 pandemic, a decision that affects 7 million residents and thousands of businesses. The Public Health Officers of the Counties of Alameda, Contra Costa, Marin, San Francisco, San Mateo…
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