Plus, California is fighting the EPA over vehicle emissions, and a self-driving truck company comes out of stealth. https://media.wired.com/photos/5bb7f6f180ec002859e56b87/master/pass/Waymo-FoC.jpg
Tag: quarterly
Tesla defends Autopilot in first quarterly safety report
Over the past year, Tesla has received a lot of flak for being involved in crashes and accidents while Autopilot was engaged. Back in March, a Model X crashed into a median barrier, claiming the life of an Apple engineer. A few months after that, a Model S crashed into a parked police SUV in […]
Tesla reportedly met its ambitious quarterly Model 3 production goal
Tesla CEO Elon Musk is having a lousy week, but the company might have something to crow about. A source speaking to Electrek (historically accurate with these rumors) has reported that Tesla met its lofty target of building at least 50,000 Model 3 cars over its summer quarter, producing about 51,000 examples of the ‘entry-level’ […]
Uber narrows quarterly losses, still a long way from profit
(Reuters) — Uber Technologies said on Wednesday it narrowed its quarterly losses from a year earlier, although the ride-hailing company is still a long way from proving it can be profitable as it gears up to go public in 2019. Under the leadership of Dara Khosrowshahi, who became chief executive in September, Uber has juggled […]
Blue Apron’s steady decline in business, as well as its latest quarterly report, hint at a troubling trend in the meal-kit industry
Meal-kit service Blue Apron’s latest quarterly results point to a troubling trend in the industry. As this chart from Statista shows, business for the service has seen a steady decline since the beginning of 2016. The company’s eventual 2017 IPO, followed by a CEO replacement, didn’t do much to turn things around. Blue Apron’s quarterly […]
Tesla posts biggest quarterly loss, Model 3 production on track
Tesla on Wednesday posted its worst ever quarterly loss and said its Model 3 production target remains on track, expecting to hit about 5,000 per week in about two months. While that sounds alarming, losses were actually less than analysts expected. Tesla said it produced 2,270 Model 3s per week in the last week of […]
Car insurance: Average price has recorded its first quarterly fall in two years
Despite the drop, average costs during the first quarter of 2018 were the highest that the Association of British Insurers (ABI) has ever seen at this time of year. The ABI’s latest Motor Insurance Premium Tracker found the average price paid for private comprehensive motor insurance was £478, down £13 on the final quarter of […]
Samsung reports record quarterly profit but warns of weakness in global smartphone market
(Reuters) — Samsung said weakness in the global smartphone market would slow earnings growth, as it reported record quarterly profit on Thursday thanks to strong demand for semiconductors used in servers. The world’s biggest maker of memory chips, smartphones and television sets also flagged softer demand for smartphone OLED panels as a chall…Read More
Chesapeake Energy jumps after beating quarterly earnings estimates (CHK)
Reuters/Anna Driver Chesapeake Energy‘s stock rose nearly 20% on Thursday after the company reported a strong earnings quarter. The company said that it would maintain its production levels from 2017 into 2018. Watch Chesapeake Energy’s stock move in real time here. Shares of Chesapeake Energy climbed nearly 20% on Thursday morning after the petroleum and […]
Tesla loses another $675 million in Q4, its biggest quarterly loss yet
Enlarge / Ljubljana, Slovenia – October 13, 2016: Tesla car supercharger machine at Supercharger Station glowing at night (credit: Getty Images) As expected, Tesla saw some pretty big losses this quarter, mostly related to Model 3 delays. The company reported $ 675 million in losses attributable to shareholders in Q4, wrapping up 2017 with almost […]
