Tesla Model 3 becomes best-selling car by revenue and delivers surprisingly high gross margin

Tesla released its third quarter financial results today and they delivered a profit for the first time in years.
It’s mainly thanks to many improvements to the Model 3 program, which not only became the best-selling car in the US in terms of re…

Tesla releases Q3 earnings: record revenue and a profit

tesla-model-3-performance-dual-motor
Tesla has both surprised and impressed Wall Street when moving its Q3 earnings call forward a week. Shares soared by 12 percent and it turns out, investors were right. Tesla reports a profit for the second time in its history and turns a record revenue, mostly thanks to the Model 3. Tesla CEO Elon Musk […]

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Tesla surprises with $312M profit for Q3 as Model 3 margins soar past 20%

Tesla’s third-quarter earnings for 2018 saw the California-based carmaker beat Wall Street revenue estimates after posting $6.8 billion in revenue and beating earnings estimates with a GAAP profit of $312 million. The results, which were posted in an Update Letter to investors after the closing bell on Wednesday, October 24, showed third-quarter earnings of $1.75 […]

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Tesla (TSLA) releases Q3 results: record $6.8 billion revenue and turns $300 million profit

After market close today, Tesla released its financial results and shareholders letter for the third quarter 2018, which turned out to be a historic quarter.
We are updating this post with all the details from the financial results and shareholders le…

Massa Plans to Become Formula E “King”

Felipe Massa will become the second high-profile ex-Formula 1 driver to race for Venturi in Formula E. While the team’s first such partnership failed spectacularly, the early signs suggest Massa should be in a position to thrive. Venturi has been here before – an ex-Formula 1 star making the switch to new electric pastures in […]

Volvo Invests In California Charging Company FreeWire

Volvo does not envision direct ownership of charging or service stations. Volvo Cars, through its recently launched Volvo Cars Tech Fund, has acquired a stake in electric car charging company FreeWire Technologies, which earlier this year attracted also BP Ventures ($5 million investment). Volvo doesn’t reveal how much it invested, but expects that having FreeWire on-board will […]

Tesla starts releasing Navigate on Autopilot feature with disappointing caveat, update with UI changes

Tesla is pushing a new software update today with its long-awaited ‘Navigate on Autopilot’ feature, though it comes with a disappointing caveat and several other changes. more…
The post Tesla starts releasing Navigate on Autopilot fe…