Reviews Record profits for Tesla in the third quarter
ARK reduces Shares: Cathie Wood throws Tesla shares from the depot
Starinvestorin Cathie Wood has thrown some of its Tesla shares on the market. In doing so, their investment company Ark Invest had recently issued a high price target for the shares of electric car new. © Provided by Finanzen.net Philippe Huguen / AFP / Getty Images • Ark Invest Sells Tesla Shares worth $ 43.7 million • Tesla share remains top holding in three ETFs • Cathie Wood sees Tesla share misaligned The strong development of the Tesla share in 2020 was one of the main growth drivers in t
The turnover of the company reached $ 13.76 billion, up 57% and above the forecasts of analysts.
Tesla continues to break records. The manufacturer of electric vehicles announced, Wednesday, October 20, having multiplied by more than four net profit in the third quarter thanks to a strong increase in sales. The company had already announced having delivered a record number of 241,300 vehicles over the period. ELON MUSKhas managed to increase its production despite the electronic chips and the supply difficulties in certain products, which disrupt the automotive sector.
Tesla Full Self-Driving Beta 10 could roll out as early as next week
Tesla CEO Elon Musk tweets that Beta 10 of the company's driver-assistance software might only be a week away.The ambitiously named Tesla Full Self-Driving technology is not currently capable of actual full self-driving. Recently, at its AI Day event, Tesla demonstrated its progress towards full autonomy and gave us a peek behind the scenes at how it's working to speed up autonomous driving development. During the event, Musk was bullish that his tech would eventually be better than the average driver.
"We continued to face the third quarter with supply, transportation and various production concern problems," said the group in a statement. "We continue to operate our production lines as close to their full capacity that conditions permit", is it added. The company's turnover reached $ 13.76 billion, up 57% and above analyst forecasts (13.62 billion).Constant forecasts
The net profit of the company reached $ 1.6 billion over the period. Excluding exceptional and shareholding items, the profit was $ 1.86, exceeding expectations (1.58 dollars). The increase in operating profit is "mainly related to the growth of vehicle volume and cost reduction," said. The group, who created the surprise at the beginning of the year by announcing bought $ 1.5 billion in Bitcoin, however again saw this investment weigh on its results.
The motorcycle, the Tesla hopefully never builds - The Sokudo by Ash Thorpe
The California designer Ash Thorpe has imagined how a motorcycle could look like when Tesla builds it. © Ash Thorpe / Carlos Colorsponge It's already the 14th plant that designed Designer Ash Thorpe with Carlos Colorsponge. Most studies and concepts for cars. Number 14 "The Sokudo" is a motorcycle like Tesla might build, but hopefully never build - carbon floaters and curves are evil in the dispute. a lot of carbon, little slack Yes, it's a design like Tesla maybe a motorcycle would draw.
after winning $ 101 million in the first quarter thanks to the virtual currency, the group had to record a charge of 23 millions in the second quarter and $ 51 billion in the third. Tesla also continues to see the profits drawn from the sale to other carbon credits that are granted because its cars do not emit pollutants: the revenues generated by these operations reached $ 279 million. Quarter, compared to $ 354 million in the second quarter and 518 million first.
The automaker, which announced in January to want to grow its 50% shipments per year for several years, has not changed this forecast. "The growth rate will depend on the capacity of our equipment, the effectiveness of our operations and the stability of the supply chain," said Tesla.
The Tesla Model 3 Is Now Even More Expensive .
Tesla's least expensive Model 3 now costs a lot more than it did a year ago—and will take longer to arrive from the factory. The Tesla Model 3 Standard Range Plus becomes the de facto base model and gains 10 miles of range for a total of 272 miles.The Model 3 now starts at $45,190, up $7000 from the start of the year, and after price hikes for all Tesla models earlier this fall.Delivery times for Model 3s ordered today are now quoted to be in the second half of 2022.