Money


Tesla falls short of delivery goal, cites 'hubris'
- April 12, 2016

In just a matter of days, Tesla has secured a cool $276 million in deposits from people who preordered its newly unveiled Model 3 electric vehicle. Saying that its own "hubris in adding far too much new technology to the Model X in version [one]", Tesla said in a statement as per the news outlet. (more...)
Tesla Says Parts Shortages Hampered First-Quarter Sales
- April 12, 2016

The stock traded recently at $241.27, down 2.3 percent in the after-hours session. The base price is half that of Tesla's luxury Model S and the Model X, which start at $70,000. In addition to the sheer amount of technology in the Model X, Tesla blamed the shortfall to a failure to ensure that suppliers could deliver as promised and its inability to manufacture the necessary parts in-house. (more...)
Why Tesla's Model 3 is blowing away expectations
- April 11, 2016

The vehicle looks like what it's meant to be, the JV to the Model S' Varsity. "At Tesla we don't make slow cars", Musk reminded us. "We don't have it for you tonight - just kidding!" More capable models, presumably offering more driving range, will also be available. (more...)
Honda reports 10th US death from Takata air bags
- April 09, 2016

Moreover, the recall of the vehicles in Japan is a direct inclination of Honda's desire to promote safety above all cost. Daicel, the supplier of the defective part, has stopped production of the component, and is now cooperating to perform the recall campaign. (more...)
Tesla Model X low first quarter sales due to "hubris"
- April 09, 2016

Deliveries were hampered during the first quarter of the year by supplier parts shortages for the Model X in January and February. The demand seems to have caught everyone off guard, which could help elevate the company's stock price, which ended Friday at $237.59, up 3.4 percent. (more...)
Tesla launches affordable electric vehicle ... and 130000 orders are already in
- April 09, 2016

LG Display will supply information displays for Tesla Motors' new Model 3 sedans, a person with direct knowledge of the matter said , grabbing a key contract for centre consoles from another supplier. Wall Street has received the Model 3 launch very favorably, as far as the latest stock prices show. Telsa CEO and founder Elon Musk took to the stage last night to unveil the Model 3 , the next in Tesla's series of electric cars. (more...)