Tesla update: The losses of Wallstreet’s wunderkind grow, mainly due to investments into Model 3 production supposed to start in July. The EV maker reported a loss of 330m dollars for the first three months of the year, up from 282m a year earlier. At the same time, Tesla reported strong sales for the quarter with a revenue of 2.7bn dollars, that is twice what it made in 2016. This translate into a new delivery record of 25,051 Model S and X. As always, Elon Musk appeased investors and assured that everything is going ahead as planned, including “significantly expanding our infrastructure to support Tesla owners.” The CEO also said a few words on the Model Y, the planned compact SUV. Due by late 2019, it will not utilise the Model 3 platform but one that allows for more efficient production.
cnn.com,greencarcongress.com, Letter to shareholders, teslarati.com (Model Y)
Delphi to embrace electrification: The U.S. supplier says it would spin-off all combustion engine endeavours in favour of a focus on zero emission drives. Autonomous tech is the other field Delphi will invest in and Wallstreet welcomed the restructuring with +12%. Bosch too took a similar turn this week as it said it had sold its starters and alternators business to a Chinese mining company.
As Honda hurries its electrification in China reportedly, new spy shots allegedly give an idea of how a BEV could look like. It may be an electric version of the Honda HR-V, better known as XR-V to Chinese consumers and made together with Dongfeng.
— Text Ad —
Join Europe’s leading E-Mobility Conference in Paris on the 10th of May! A major networking event where 150+ senior figures in the European E-Mobility industry will meet to discuss the future of clean transportation and electric vehicles. Companies attending the conference include: Formula E, Engie, Renault, EV-Box, Schneider Electric, EDF, Nissan Europe, Cenex… www.europeevrt.com/paris-conference
Silent collector: BYD has unveiled its all-electric refuse truck for the U.S. market. The truck is a cab and chassis platform, which is designed to integrate with all of the major refuse truck body builders and can be configured as a side, front, or rear loader, and roll off. Range is given at 76 miles at a 10 ton payload.
– ADVERTISEMENT –