Technology News from the World's Most Influential Companies
Tesla recently launched a new version of its Model 3 sedan priced at $46,000. The trim, dubbed as “mid-range” was fitted with a battery pack that offered an estimated 260 miles range, 50 miles less than the “long-range” trims. Auto companies rarely pull out a trim that’s in demand. The Rear wheel drive long-range battery…
Riding on the back of the success of Model 3, Tesla turned a colossal corner, posting net profits in the third quarter of 2018. The fact that it was only the third time in its history the company was able to report profits speaks volumes about the achievement. Take Model 3 out of the equation,…
Tesla surprised Wall Street by reporting a profitable third quarter, the third time in the company’s history. Tesla reported GAAP net income of $311 million while increasing cash and equivalents by $731 million. Wall Street analysts were indeed blindsided when Tesla delivered 84k units during the third quarter as the market expectation was only for…
Tesla took less than a week to update the price of its cheapest Model 3 version, the rear wheel drive model with a mid-range battery pack that can take you up to 260 miles. Tesla increased the base price from $45,000 to $46,000. This is not the first time Tesla updated Model 3 pricing. It’s happening…
Cutting down a few cells and reducing battery range is all it takes to slash the price of a car by nearly $4,000, apparently. Tesla has recently released a Mid Range Model 3 for $5,000 before savings and tax credits, and the only thing different between this and the base RWD model that was on…
When I’m wrong, I’m wrong. Last month, I estimated based on the Tesla Model 3’s Q3 production rates that the 100,000th Model 3 would roll out of the Fremont factory by the end of the month. Well, I was off by a couple of weeks. The milestone Model 3 was actually produced on October 13….
As per a recent Autoline Daily report, Tesla has the lowest inventory of all automakers in the United States, just three days worth of Model 3 inventory compared to the industry average of around 60 days. Automakers collectively reported an estimated 4,065,600 unsold vehicles in U.S. inventories on April 1(2018), representing a 69-day supply. –…
Tesla Model 3 is the fourth best selling car in the United States. According to estimates by CleanTechnica, Tesla sold 24,040 Model 3s in September 2018 giving them the fourth position in the country. The top three positions went to Toyota Camry (27,640 units), Honda Accord (24,806) and Honda Civic (24,806). After struggling to build…
Traditional automakers with primarily-ICE portfolios saw sharp drops in year-over-year U.S. auto sales in September 2018, even as Tesla closed the month on a record note. The traditional auto industry has been in a slide for a while now, with September seeing all major players are reporting slumped numbers for 2018 over 2017. Meanwhile, Tesla…
Tesla has released official Model 3 production and delivery numbers alongside overall figures, and it emerges that the company was able to average 4,100 Model 3 cars produced per week over the course of the third quarter that ended on September 30, 2018. Why is this number significant? Tesla expected to be profitable starting in…
Tesla chief Elon Musk sent a note to his employees on Saturday that raises some questions about whether or not the company will be GAAP-profitable in Q3-18. According to his note: “One more day of going super hardcore and victory is ours!! We are very close to profitability and proving the naysayers wrong, but to…
In a Nutshell A series of emails sent to employees from the desk of Tesla CEO Elon Musk has revealed that the legally embattled entrepreneur still has the good cheer to celebrate the success of his team members, even as he faces a lawsuit from the United States Securities and Exchange Commission and a broader…
In preparation for its imminent Model 3 launch in Europe, Tesla will showcase the Model 3 to French reservation holders during the Paris Motor Show to be held between October 4 and October 14. Also called the Mondial de l’Automobile, the Paris Motor Show 2018 promises some stunners from the houses of Lamborghini, Daimler Mercedes-Benz…
Google Pixel is now one of the best smartphones you can buy right now. Back in 2016, Google first unveiled its Pixel models to the public in an attempt to take on Apple iPhone and Samsung Galaxy lineup. The original Pixel phones quickly gained their popularity on the market, with praise directed at their stunning…
Although Tesla has only planned for expansion in international markets in 2019, the company has begun the registration process for Model 3 VINs in Europe. VIN numbers 116264 through 116270 were registered for 4 AWD variants and 3 RWD variants. While that could indicate that the launch date for Europe may have been bumped up, it…