Tesla Speeds Up Production by Reducing Color Options
Tesla Speeds Up Production by Reducing Color Options
Tesla to drop some color options for cars to simplify production
12 September, 2018, 01:31
In a new blog post, Musk predicted that the electric-car maker would build on its second-quarter success and have "the most unbelievable quarter in our history, building and delivering more than twice as many cars as we did last quarter".
CEO of Tesla has previously noted how the paint shop at the Fremont factory has become a bottleneck for their ambitions production plans.
The stock closed up 8.5 percent on Monday after two brokerages said the company could meet its production targets for the second half of the year.
Other analysts are skeptical that Tesla can accelerate or even maintain this production pace long enough to be profitable.
Tesla's CEO Elon Musk also announced a number of management promotions, as the electric vehicle maker enters the final weeks of an "amazing" third quarter, the company chairman said.
Investors should still buy Tesla's stock in spite of all the "drama" surrounding the electric auto maker and its management, an analyst at Baird said after touring the company's factory.
In a note to clients on Tuesday titled "No Longer Investable", Nomura Instinet analyst Romit Shah said that while Nomura has been one of the most bullish on Tesla's stock since it initiated coverage last October, the controversial behavior of Tesla's chief executive is recent months has hurt the company and likely contributed to the senior management exodus.
British Airways website compromised, customer data stolen
The biz, which billed itself as the world's favorite airline , said its systems had been compromised for more than two weeks. She said a lack of communication between BA and American Express meant she had to wait hours for her card to be cancelled.
Alibaba co-founder Jack Ma to retire
Mr Ma began his professional life teaching English at a university in the Chinese city of Hangzhou, in eastern Zhejiang province. Alibaba started as a business-to-business marketplace, but had enormous growth when it started selling to consumers.
Two Injured, Three Killed in Cincinnati Bank Shooting
Witnesses said they heard volleys of gunfire and one said that a woman was shot as she entered the bank building's lobby. MULTIPLE people were shot at a bank in the Midwestern US city of Cincinnati , according to media and police reports .
On Monday, however, Tesla's stock bounced back after two positive analyst reports.
There is a waiting list of more than 400,000 people who want to buy a Model 3, and some have been waiting since March 2016, when the company first started taking orders.
Tesla now offers seven colors for its vehicles that include top variant Model S, mid level Model X and its most affordable sedan Model 3. Tesla shares have lost over 25 percent of their value since early August in the immediate wake of Musk's "funding secured" tweet. Musk has promised that as it sells more Model 3s the company will turn a sustained net profit starting this quarter. The shares fell 2% in pre-market trading on Tuesday.
This is the Obsidian Black Tesla Model S. "We now see the near-term risk-reward for Tesla as relatively skewed to the upside, given the potential for the stock to revert towards the middle of its $270 to $370 range", the analyst wrote.
The $35,000 Model 3 will reach new customers for Tesla, some of whom won't own multiple vehicles.
What the New York Jets displayed on defense and special teams may have been even more encouraging for Darnold and his teammates. Coming off two straight 5-11 losing seasons isn't easy for the Jets but they are slowly building a contender for the future.
Elon Musk embraced the chill vibes set forth by Joe Rogan and smoked a blunt on the comedian's podcast on Thursday night. But Musk also said this isn't really a priority, and he also dismissed the concept of a flying vehicle as impractical.
Police have not released an official picture of Officer Guyger, but Chief Hall did confirm she is a white patrol officer. The Texas Rangers are investigating and an attorney for Jean's family has called on the authorities to arrest Guyger.
The administration will act on the $200 billion "very soon depending on what happens", Trump told reporters on Air Force One. US officials say that violates China's free-trade commitments and worry it might erode American industrial leadership.
Footage shot by his crew emerged on social media after the plane landed safely showing them all bracing for the emergency landing. Post Malone had been in the NY area on Monday for the MTV Video Music Awards, where he won the song of the year prize.
Trump tweeted Monday afternoon that the federal government was monitoring the storm and was ready to help. It was centered about 1,230 miles east-southeast of Cape Fear, North Carolina, and moving west at 13 mph.
The judge saying he wanted to send a message to the public about the consequences of impeding an inquiry of national import. Papadopoulos was the first person affiliated with the Trump campaign to be indicted, as part of the Mueller probe.
Obama even brought up Trump's refusal to stand up to white supremacists who marched in Charlottesville, Virginia, in August 2017. Meanwhile, Michelle Obama is also stepping up her political involvement ahead of the November midterm election.
He was the first to plead guilty in Mueller's probe and is now the first Trump campaign adviser to be sentenced . Van der Zwaan, a Dutch lawyer who worked with Manafort and Gates, was also convicted of lying to prosecutors.
Serena Williams fined $26000 for US Open outburst
She later accused him of sexism, saying: "He's never taken a game from a man because they said "thief". Osaka revealed she was not quite coolness personified, though, saying: "I woke up and I was sweating".
Aaron Rodgers leaves Bears game with leg injury
After spending a few minutes in the medical tent, Super Bowl champion and two-time MVP Rodgers left the field on a cart. The Packers would kick a field goal, and Rodgers showed no real signs of an injury on the series.
Foles shows off catching skills, Eagles beat Falcons 18-12
The defence fed off that energy with a strong goal-line stand on the opening series, stopping the Falcons three times at the 1. Then again, the Falcons allowed the Eagles to convert eight out of 16 third downs, and fell for the "Philly Special" reboot.
"Cincy Strong" T-shirts to benefit shooting victims, police
The Cincinnati Enquirer reports Yudy Martinez Perez slumped against a kitchen wall and muttered denials after she heard the news. Police do not know what why the shooter chose to open fire in the lobby of the skyscraper that houses the banks headquarters.
United defender Shaw injured on intl. duty
But we've been encouraging him to get higher up the pitch and not drop quite as deep, and he got his reward for that". But there's a level for us to go to and that's a really good challenge for us over the next couple of years.
Bitcoin and other cryptocurrencies suffer a sudden crash
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Djokovic tops Nishikori for 8th US Open final
I didn't take any pleasure in watching Nadal go through the motions in that second set - especially in case he did more damage. But he was walking with a hitch in his step and had the trainer out to retape the knee early in the second set.
Rapper Mac Miller dies of drug overdose at 26
TMZ reports that Miller was found dead in his home in California earlier today from what's been described as an apparent overdose. He had allegedly wrecked his Mercedes-Benz G Class vehicle by slamming into a utility pole, and fled the scene of the crash.
Serena Williams rolls into US Open semifinals
I feel like she has a big chance because the players which stayed [in the tournament], I feel like she can beat all of them". It was her first win over a top-10 ranked player since beating Britain's Johanna Konta at the 2017 Australian Open.