Daily Management Review

Tesla Motors set a sales record in the III quarter


In the III quarter, American carmaker Tesla Motors Co. sold 24.5 thousand electric vehicles, which is 70% more than in the II quarter, and twice more than in the III quarter of 2015 (11.58 thousand cars). The last quarter was a record for Tesla in terms of sales.

Jeff Cooper
Jeff Cooper
In III quarter, the company sold 15.8 thousand Model S (sedan) cars, and 8.7 thousand Model X (crossover) cars. More about 5 thousand electric cars were yet to be delivered to customers, so they will be taken into account in the index for the IV quarter. Tesla intends to produce 50 thousand vehicles in the second half of the year.

Meanwhile, production in the III quarter increased by 37% as compared with the II quarter to 25,185 cars.

According to Tesla’s estimations, sales and production volumes in the IV quarter will exceed the III quarter performance, even though the IV quarter has fewer working days.

In addition, Tesla informed investors that, starting from III quarter, the company does not intend to include non-GAAP calculated figures for revenue and other indicators in the financial statements.

Tesla’s sales are growing much faster than that of Ford or General Motors, but volume of supply continues to fall short of Tesla’s forecasts.

However, quarterly results show that the first fatal accident with an auto piloted Tesla has not affected sales. In June, electronics in one of Tesla car malfunctioned, and the car crushed into a truck. The driver died at the scene.

Now the autopilot cannot completely control a vehicle without a driver. A self-driving Tesla can change lanes and respond to changing situation on the road.

In August, Tesla suffered a loss of $ 293 million, the company has been losing money for 13 consecutive quarters. At that, revenue in the II quarter has increased by 33% to $ 1.27 billion.

In July, Tesla’s founder Elon Musk unveiled a new long-term development plan. According to him, in 2017 the company should present its first truck and a model of urban transport
In the coming years, Tesla plans to cover most of the consumer segments of the automotive market, and in 2017, the company will introduce its first truck and bus. It is stated in the plan drawn up by Elon Musk.

According to Musk, the electric cars market needs to get two more electric vehicles: a truck and a model of urban transport. At present, projects of these vehicles are under development and will be presented next year, says the billionaire.

According to the creator of Tesla, advent of self-driving cars would inevitably reduce size of buses and shift the system from human drivers to management of the entire fleet. According to him, new models of public transport will be able to take passengers all the way to the end point; they could be called via mobile phone or a button at the bus stop. These buses could carry wheelchairs, buggies and bikes, says Musk.

source: wsj.com

Science & Technology

Scientists Discover Largest Ever Under Water Volcanic Eruption Near New Zealand

Bitcoin craze increased load on the power grid to the maximum

PC And Server Performance Slows Down Due To Security Patches For Chip Flaws, Says Microsoft

Cybersecurity Firm Claims Cryptocurrency Monero Might Be Getting Funneled To North Korea University

The Way We Travel Will Be Changed by The Colorless, Odorless Gas - Hydrogen

EU's Big Change In Data Protection Rules Makes Businesses To Get Ready For It

Artificial Intelligence Helps NASA Find An 8th Planet In Orbit Of A Distant Star

Australian Research Success Could Mean Shatterproof Cell Phones Could Soon Be A Realityv

Top ten hi-tech events of the year

Tesla Considering Designing And Developing AI Chips On Its Own To Support Its Auto-Pilot Project

World Politics

World & Politics

Failure Of Last Ditch Effort To Secure Funding Results In A Partial Shutdown Of US Government

About 700,000 U.S. Twitter Users Reacted To Kremlin-Linked Trolls, Says Twitter, To Inform Users Directly

2017 Was Second Warmest Year Since Records Were Kept And It Had No El Nino Effect

France and Germany want to reform the eurozone

Take and go away: new approach to refugees in Europe

Both The Korean Countries Will Come Together In Olympic Talks

Parties of Germany agreed on the migrants problem

Munich Re: Natural disasters caused record damage in 2017