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Search Results Found For: "tesla margin"

Lots of news to digest as Tesla demos latest Autopilot system

At the recent Autonomy Investor Day, Tesla highlighted the progress it’s been making on its Autopilot system, and discussed its vision for the future of self-driving. Elon Musk and several other company execs, including Director Peter Bannon, Senior Director of Artificial Intelligence Andrej Karpathy, and VP of Engineering Stuart Bowers, made presentations for an audience… Read more »

Tesla cuts workforce by 7 percent, warns of “very difficult” road ahead

Tesla announced that it will cut around 3,000 jobs – some 7 percent of its workforce – as it struggles to bring Model 3 prices down to an affordable, mass-market level. Elon Musk said the company did manage to squeeze out a profit in the final quarter of 2018, but warned that the “road ahead… Read more »

Tesla’s back! Q3 earnings report includes record revenue and healthy profit

Those of us who saw past the tweets and the alarmist headlines were expecting good news from Tesla’s third-quarter earnings report, as it became apparent that demand for Model 3 remains robust as the company emerges from production hell. However, even most true believers were expecting a small loss, or perhaps a nominal profit. Instead,… Read more »

Wall Street comfortably digests Tesla’s Q2 results

Tesla isn’t like other companies, and you can never tell how Wall Street will react to a particular quarterly earnings report. Like gourmands digesting a culinary oeuvre, those of us who aspire to be seen as wise have learned to wait a day or so to let things settle before passing judgement (or making stock… Read more »

2017 plug-in sales up 26%, Tesla and Chevy on top

Plug-in sales have failed…to reach the milestone of 200,000 units. Total US sales for 2017 were 199,826 (according to InsideEVs), a 26% increase compared to 2016’s 158,614. Worldwide sales were well over a million. December saw the biggest US monthly sales in history, and was the 27th consecutive month that sales were greater than the… Read more »

Tesla Model 3: Will this machine kill the Oil Age?

It’s hard to overestimate the importance of the Tesla Model 3 (although the media has been doing its best). There’s no question that it’s a momentous motorcar on (at least) three levels. First, Model 3’s success is widely assumed to be an existential issue for the company – if it fails to deliver on its… Read more »