Tesla reports Q1 profits of $3.3 bn, topping expectations

Tesla commenced business deliveries final month from a brand new plant in Germany. Tesla reported one other banner quarter of revenue development Wednesday because the speedy enlargement of electrical car (EV) manufacturing capability boosted gross sales regardless of ongoing provide chain issues. Elon Musk’s high-flying EV firm reported first-quarter earnings of $3.3 billion, up 658 […]

Car Buyers Should Be Wary When Taking Out Loans: Consumer Reports

Spencer PlattGetty Pictures There’s not a ton of simply out there knowledge on the auto mortgage panorama within the U.S., so Shopper Stories collected data on nearly 858,000 automobile loans. Seems, it is ugly on the market. For instance, over the previous decade, the common month-to-month fee for a brand new automobile climbed nearly 25 […]

Tesla reports stronger-than-expected Q3 sales

This Feb. 9, 2019, file picture reveals an indication bearing the corporate brand outdoors a Tesla retailer in Cherry Creek Mall in Denver. Tesla says it delivered 241,300 electrical autos within the third quarter in 2021, even because it wrestled with a worldwide scarcity of laptop chips that has hit your complete auto business. The […]

GM reports big drop in 3Q US sales on semiconductor woes

Common Motors reported a giant drop in quarterly US gross sales as a result of semiconductor scarcity. Common Motors reported a pointy drop in third-quarter US gross sales on Friday as the worldwide semiconductor crunch depletes dealerships of auto provide amid still-strong client demand. The large US automaker described auto inventories as “traditionally low” after […]