Taking too long? Close loading screen.
Connect with us

Tech

Tesla racks up another profitable quarter with boost from regulatory credits

Published

on

Tesla made a profit of $331 million in the third quarter of 2020, its fifth straight profitable quarter and sign that the electric automaker is hitting its stride. This quarter’s profit is more than double that of the third quarter last year.

Tesla generated $8.771 billion in revenue, buoyed by $579 million in energy storage sales and $581 million in services revenue. Tesla once again wasn’t purely profitable based on its sales, though. It also sold $397 million worth of regulatory credits in the quarter, a decrease from the record $428 million in credits it sold during Q2 of this year.

Tesla delivered 139,300 vehicles this quarter, beating the company’s previous record of 112,000 vehicle deliveries in the fourth quarter of 2019. Tesla also produced 145,036 vehicles during the third quarter, a sharp increase over the 82,272 vehicles that were made during the second quarter of the year, when the company’s Fremont, Calif. factory was shuttered for seven weeks because of the COVID-19 pandemic.

In an email sent to employees on October 7th, Elon Musk doubled down on his promise to deliver 500,000 vehicles by the end of 2020, or a 36 percent increase over 2019. So far the company has only sent out 318,350 cars to customers — the fourth quarter must be a blowout, with 181,650 deliveries, to meet that goal.

Tesla recently started cutting costs. The company quietly removed its return policy in which new buyers of its electric vehicles could return them for a full refund within seven days. And it slashed its warranty coverage for used cars from four years or 50,000 miles to one year or 10,000 miles.

Developing…

Source

Continue Reading
Advertisement
Click to comment

Leave a Reply

Your email address will not be published. Required fields are marked *

Tech

Keep That Hotdish Hot With 65% Off a Luncia Casserole Carrier, Only $11 With Promo Code

Published

on

Best Home DealsBest Home DealsThe best home, kitchen, smart home, and automotive deals from around the web, updated daily.

Luncia Double-Decker Dish Carrier | $11 | Amazon | Promo code SDDU9S7F

It has been a long time since the days we could safely have a potluck or other gatherings, but we have a fantastic deal perfect for once those times return. These double-decker Luncia dish carriers can be had for 65% off when you add promo code SDDU9S7F at checkout and clip the coupon on the site (it’s just below the price). These holders fit 9″x 13″ sized baking dishes.

Advertisement

That means you can insulate and keep two dishes of food warm for only $11 instead of $30. What’s more, your Luncia carrier will arrive by Christmas if you order today as a Prime member.

Just add promo code SDDU9S7F and clip the 5% off coupon to bring the price down to $11 for the blue or the grey option.

Advertisement

Grab this offer while it’s still around!


Source

Continue Reading

Tech

Conquer Your Pup’s Dander and Fur With $700 Off a Cobalt or Charcoal Bobsweep PetHair Plus Robot Vacuum

Published

on

Best Home DealsBest Home DealsThe best home, kitchen, smart home, and automotive deals from around the web, updated daily.

Bobsweep PetHair Plus Robot Vacuum & Mop (Cobalt) | $200 | Best Buy

Bobsweep PetHair Plus Robot Vacuum & Mop (Charcoal) | $200 | Best Buy

Allergies can be bad enough as the seasons change. Don’t let pet hair and dander add to that by vacuuming it up early and often. That chore is easier said than done— unless you have a robot vacuum to do the work for you. This lovely bright cobalt Bobsweep PetHair Plus robot vacuum and mop, only $200 today at Best Buy seems like an ideal option. That’s a whopping $700 off, by the way.

Advertisement

You can get the same deal for the charcoal version of the robot vac, too. This model is not only specially made for picking up pet hair, it self docks and charges when it’s finished with the work.

It also comes with a mop attachment, so it can take care of those kitchen floors for you as well. Grab it while it’s still available for this fantastic price!

Advertisement


Source

Continue Reading

Tech

Apple will replace AirPods Pro for free with faulty noise cancellation, static or crackling

Published

on

Today, exactly one year after Apple first launched the AirPods Pro — and thus the same day the very first AirPods Pro owners will see their one-year warranties expire — Apple has launched a repair program that offers free repairs or replacements for another whole year if your AirPods Pro experience issues with noise cancellation or static.

Specifically, Apple will fix:

Crackling or static sounds that increase in loud environments, with exercise or while talking on the phone

Active Noise Cancellation not working as expected, such as a loss of bass sound, or an increase in background sounds, such as street or airplane noise

Apple says only a “small percentage of AirPods Pro” are affected by the issues, but it apparently wasn’t just an early batch — Apple says affected units were manufactured “before October 2020,” meaning every AirPods Pro ever made might be eligible. That’s quite a recall if so. Apple says it will repair faulty AirPods Pro for two years after you first buy them.

We’ve heard complaints about degraded noise cancellation before, and at least one Verge editor has replaced their AirPods Pro under warranty. It’s nice to hear that Apple isn’t just cutting buyers off as soon as that warranty expires.

Source

Continue Reading

Trending