The carmaker blamed the sequential decline on the upgrades to its manufacturing plants...
Continue ReadingTesla deliveries in the third quarter fell below Wall Street predictions, marking a substantial decline compared to the global EV giant's record-setting number in the second quarter. TSLA gained ground Monday...
Continue ReadingNissan’s CEO is bullish on EVs. Makoto Uchida, Nissan’s President and CEO, recently said the company will not launch any gas-powered cars in Europe and that the Japanese automaker will be fully electric by 2030...
Continue ReadingA California federal judge has ruled that a group of people who own cars made by Tesla Inc must pursue claims that the company misled the public about its autopilot features in individual arbitration rather than court. The ruling marks a significant victory for Tesla, as it means the company will not have to face class action claims on behalf of much larger groups of vehicle owners. U.S. District Judge Haywood Gilliam in a decision issued on Saturday said four Tesla owners who filed a proposed class action last year had agreed to arbitrate any legal claims against the company when they accepted its terms and conditions while purchasing vehicles through a Tesla website...
Continue ReadingTesla reported third quarter delivery figures that missed the mark, as scheduled downtime at some of its plants have shifted future production further into the fourth quarter...
Continue ReadingOkay, that's a little harsh, but Musk's Tesla , the world's largest electric vehicle maker, was slipping recently, while Chinese EV companies were posting impressive results. Tesla posted softer-than-expected third quarter deliveries on Oct. 2, citing planned downtimes for key factories in the U.S. and China. Tesla delivered 435,059 new cars over the three months ended in June, the company said in a statement, up 26.5% from the same period last year and 6.6% south of the 466,140 tally reached over the second quarter...
Continue ReadingTesla reported third-quarter vehicle production and delivery numbers, posting dips in both categories from the previous period due to planned downtimes for factory upgrades...
Continue ReadingFor the first time in more than a year, the electric-vehicle maker’s global deliveries to customers fell quarter over quarter, by 6.7%...
Continue ReadingEarlier this year, Cathie Wood's Ark Investment Management released a set of forecasts on the potential of artificial intelligence (AI). Ark says much of that added economic output will be driven by a productivity explosion for businesses using AI. In a recent interview with Bloomberg TV, Wood said the next big AI opportunity is likely to be software...
Continue ReadingUber (NYSE: UBER) just hit a major milestone. For Uber bulls, this was a vote of confidence that the company can indeed make a positive turn financially. Over the long term, I think Uber faces one existential threat above all else...
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