May 03 2021, 9:03 PM
May 02 2021, 3:39 PM
May 03 2021, 9:03 PM
(Bloomberg) Tesla Inc.âs factory outside Berlin wonât start production before the end of January next year due to delays affecting battery pack output, German trade magazine Automobilwoche reported, citing unidentified sources close to the company.
(Bloomberg) Tesla Inc.âs factory outside Berlin wonât start production before the end of January next year due to delays affecting battery pack output, German trade magazine Automobilwoche reported, citing unidentified sources close to the company.
Chief Executive Officer Elon Musk gave the team in charge of the plant six more months to complete the project, according to the report published Sunday. Tesla wasnât immediately available for comment.
After the market closed on Monday,
Tesla Inc. (NASDAQ; TSLA) had a strong earnings call and reported a record income of USD 438 Million, up 74% year-over-year. While Tesla also reported record delivery numbers for the quarter, the Company has struggled to keep its vehicle inventory up with high demand. A global semiconductor-chip shortage has caused production delays that have led to longer than expected delivery times for Tesla customers. Despite the setback however, the Company reported that it sold about 10% of its holdings in Bitcoin, worth roughly USD 272 Million, that helped boost profit by USD 101 Million.
Elon Musk has become a celebrity in the world of cryptocurrency, and he of course made headlines after Tesla had bought USD 1.5 Billion worth of Bitcoin with plans to begin accepting it as payment. The Company’s massive return on Bitcoin had reportedly contributed to nearly 25% of its net profit. This means that ironically enough Tesla turned in more of a profit off of
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While Tesla has been quite a success story in China so far, some Tesla car owners have been less than impressed by the US electric car maker.
On the opening day of the Shanghai Auto Show on Monday, two women protested at Tesla’s booth, reportedly airing grievances about the poor brake quality of their Tesla vehicles.
Both women were wearing custom-made shirts with a Tesla logo and Chinese characters translated as ‘Tesla brake failure.’
One of the disgruntled female Tesla owners jumped on the hood of one of the vehicles and repeatedly yelled: “Tesla brakes lost control.”
In a video taken at the scene that has since gone viral, the woman can be seen shouting and throwing umbrellas at surrounding security guards – a real power move, by our assessment.
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