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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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The issue will not end any time soon as automakers will add close to 10 million additional inflators to the record-setting recalls in January, according to the report from monitor John Buretta. More than 290 injuries worldwide have been linked to Takata inflators that can explode, spraying metal shrapnel inside cars and trucks.....
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