Tesla Model 3 News
Complaints cause Consumer Reports to drop its Recommended rating.
The timing for lease deals are still up in the air.
Sentry Mode uses Autopilot cameras to monitor surroundings.
150 of 230 delivery employees were let go, say sources.
It'll be on the same platform as the Model 3 but built 260 miles apart.
Tesla Inc eked out a small quarterly profit on Wednesday and predicted it would be profitable in the first quarter, but acknowledged that the erosion of a federal tax credit in 2019 would cut into sales of its vehicles, disappointing investors. The electric car maker reported a smaller fourth-quarter profit compared with the previous three months and said Model 3 production volume in California should reach 7,000 units per week by the end of the year. The company said it made a net profit of $
Electric cars will soon start flooding the used car market. Kelley Blue Book examined the EV market and found the three vehicles it expect to retain the most value after three and five years.
Tesla has opened up its Model 3 design studio to shoppers in Europe who live in left-hand-drive countries. It will also begin Model 3 deliveries to China in March.
Sales in China have been affected by trade tensions.
Prices of the Model 3, S and X were all slashed by $2,000.
The credit for GM EVs falls to $3,750 in April.
There are still issues with the electric sedan.
Elon Musk promised to pay the difference on cars ordered but not delivered.
Navigate on Autopilot expansions are supposed to make it possible.
Tesla signed a deal in July to build a factory in Shanghai.
And to ensure delivery before the end of the year.