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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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Junior's Auto Repairs

Move will happen soon

Google’s Self-Driving Car Project is slated to reach a new milestone as it prepares to transition into a separate company outside of the Alphabet umbrella.

Junior's Auto Repairs

Hyundai, Kia, Arrival, electric delivery vans

Arrival was founded in 2015 and has 800 employees, but until now has been in “stealth mode,” revealing little about its business model or plans. But this deal is a sign it has been doing something right, says Michael Harley...

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Junior's Auto Repairs

Chevy Corvette Sold for $3 Million at Auction

We've seen this before: automakers offering the first example of a highly anticipated new model up for auction to benefit a charity...

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