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Tesla, Profits, Self-Driving Subscription
Tesla, Profits, Self-Driving Subscription
Despite its flagship Fremont, California, factory being shut down since March 23, Tesla announced it posted a $16 million profit during the first quarter of 2020. It's the first time the company has made a profit during the first quarter, which is traditionally a slow period. Also, it was able to eke this out despite shutdowns at its Shanghai and Fremont sites. This and a few news nuggets were announced during an investor call on Wednesday, April 29, including a new timeline for Full Self Driving (FSD), an upcoming Gigafactory announcement, and a Model 3 price drop in China...
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If Tesla doesn't make it because of mismanagement and misbehavior by Musk, and if the company goes down in flames like DeLorean, Bricklin and Tucker, there is at least one Musk legacy that is undeniably brilliant: Tesla's nationwide network of Supercharger ....
