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Does the future Tesla (TSLA) really rest on the Model 3 - the company's first attempt at producing a mass market electric vehicle?
To bring the electric vehicle to the mainstream market, the company is planning a Model 3 production ramp: In August, 100 more of the battery-sedan will be built, followed by 150 in September.
And there are questions about whether the Model 3 will cut into sales of the the higher-end Model S, which could put pressure on Tesla's margins. The demo, however, may occur early next year, Musk said during the company's second-quarter earnings call Wednesday.
Tesla'snew Model 3 is the talk of the town after its flashy debut, but a large chunk of early adopters got cold feet and canceled their reservations before mass-production even started.
The results came within a week of Tesla's long-awaited Model 3 launch, where Musk revealed that first off the production line would be a $44,000 version of the vehicle with a 310-mile (500 km) range. And despite the launch of the more affordable Model 3, Tesla has reported that its luxury cars, the Model S and Model X are also increasingly in demand from consumers.
During Wednesday's Q2 earnings call, TeslaCEO Elon Musk stated that their should be "zero concern" that "Tesla will achieve a 10,000/week unit production rate by the end of next year.", solidifying Tesla's past production expectations. However, the Model 3 version with a 310-mile range has a $44,000 starting price tag, undercutting Musk's promise to deliver a cheap vehicle to the masses.
The loss grew 15 percent to $336 million from a loss of $293 million in the April-June quarter a year ago.
Analysts, on average, expect the investment-heavy Tesla to report a loss of $1.80 per share, narrower than last year's loss of $1.61. Making 500,000 vehicles in a year, as Tesla has vowed to do, would mean increasing its 2016 production nearly sixfold, according to Reuters. The increased costs could compel the company to raise more money through a debt offering than originally expected.
It also noted that outside the U.S., Model 3 orders won't begin being delivered until "late 2018", with right-hand drive markets not receiving shipments until 2019.
If an agreement can not be reached, Charlie will be taken to a hospice where they will remove him from life-support. The Telegraph said the parents wanted Charlie moved to their flat in Bedfont, west London , but a judge refused.
At 11:23 am EST, WTI was down 1.56% at $46.19 while Brent crude was up 1.38% at $48.62-both benchmarks below last week's levels. Russian Federation and Saudi Arabia, both members of the JMMC, face mounting pressure to prop up oil prices.
Kuwait has maintained good ties with Iran despite pressure from regional power Saudi Arabia to cut ties with Tehran. The official offered no further details and Iran has denied any involvement in the cell or the case.
Asked what he meant by including Priebus, Scaramucci said, "If Reince wants to explain he's not the leaker, he can do that". And then there was that stunning takedown of him in that expletive-laden interview he gave to The New Yorker's Ryan Lizza.
As astronaut who graduated from the University of Tennessee will spend the next four months on the International Space Station . In April, Whitson clinched the record for most days in space by an American when she clocked up a cumulative 534 days.
Tens of thousands of demonstrators have descended into the streets across the country in recent days to protest the proposed law. Prime Minister Beata Szydlo says the legislation is an internal matter and the government will not bow to any foreign pressure.
In March, Affleck's rep confirmed to ET that the couple had split up, stating, " Casey and Summer have amicably separated". Casey's representatives have confirmed the news from People about the couple's divorce.
Iran's elite Revolutionary Guard said on Saturday that U.S. navy ships came close to its vessels in the Gulf and shot flares. Mr Araghchi said the new sanctions are "a breach of the deal in articles 26, 28 and 29".
There are now over four-thousand electric vehicles on New Zealand roads , with those numbers set to increase in the coming years. Sales of new petrol and diesel cars will be banned from 2040 as part of an ongoing effort to improve the UK's air quality.
Hundreds of people have been killed, and hundreds more have disappeared, allegedly the work of Burundi's security forces. The teamed ranked 73 after the competition were selected from a school in the Burundian capital Bujumbura.
The types of mosquitoes that can carry these viruses are most active throughout the evening and night, from dusk until dawn. Drain standing water in yards that can collect in old tires, potted plant trays, pet dishes, toys or buckets.
BOE to hold interest rates at 0.25%
Policymakers agreed however to increase cheap lending for retail banks before the expiry of the Term Funding Scheme next February. The fall in the value of the pound has caused inflation to spike - it is expected to peak at 3 per cent in the autumn.
7 earthquakes hit Oklahoma City area in 3 days
The USGS said the natural disaster was "widely felt" in Edmond and northern Oklahoma City, which is located about 15 miles away. The wells lie within a 10-mile radius of the seismic activity and target the sponge-like Arbuckle formation.
Teen jumps from plane onto SFO tarmac
SFO spokesperson Doug Yakel confirmed that no runways were affected and there was no operational impact from the incident . A passenger has opened an aeroplane door and jumped out prior to the plane arriving at the terminal in San Francisco .
Fox News accused of making up quotes in DNC murder story
Fox has said it will continue to investigate the story and provide updates as warranted but has not yet said it was wrong. He added, "As Ed himself has noted, he has never met the president and the White House had nothing to do with his story".
Caeleb Dressel ties Michael Phelps world record
Home-crowd favourite Katinka Hosszu can win her second individual medley title of these championships in the women's 400m final. But Ledecky, a D.C. area native and the star of the 2016 Olympic Games, may look back at Budapest with a little disappointment.
Harmful Emissions Causes Audi To Recall 8.5 Lakh Cars
Luxury vehicle maker Audi, a division of Volkswagen said it would update engine software on up to 850,000 diesel-engined cars. Some will say that there is no smoke without fire but for now, Is actually not concerned / investigated.
J&K cops beaten up by soldiers in civvies
The armymen allegedly damaged desktops and laptops at the police station, besides tearing off the Daily Diary (DD), they said. The incident took place yesterday at around 10.30 p.m when a few army personnel were returning from Amarnath Yatra.
Beijing calls on U.S. to ease trade rules
His administration has threatened new sanctions on small Chinese banks and other firms doing business with Pyongyang. Commerce Department spokesman said that "We hope to report further progress on the 100-day deliverables next week".