Connect with us

Gadgets

Tesla reports record $675.4mn loss in Q4

Published

7 years ago

on

San Francisco, Feb 8 (IANS) Electric car maker Tesla has reported a record loss of $675.4 million — $4.01 per share — on a revenue of $3.29 billion in the fourth quarter of 2017.

The Palo Alto car company partly blamed the worst-ever figures on the high costs related to the production of its Model 3 electric sedan, the Los Angeles Times reported on Wednesday.

Tesla, which lost $121 million in the same quarter last year, said revenue was up 36 per cent over the same period in 2016 because of the deliveries it made of the luxury electric Model S sedan and Model X crossover.

“Revenue from automotive products rose to $2.7 billion for the final quarter of 2017 — up from $1.99 billion in the year-earlier quarter,” the report said.

Tesla also reported that revenue from its energy storage products — batteries and home electric storage systems — rose by six per cent.

The Zero Emission Vehicle credits (ZEV) — that the company earns for building zero-emissions vehicles, which it can then sell to companies that produce too few such cars — rose to $179 million for the quarter from $20 million during the same period in 2016.

On the contrary, in an earnings call with analysts, Tesla founder Elon Musk pointed to his immediate success in sending a Tesla Roadster into space as a test payload for SpaceX’s new Falcon Heavy rocket on Tuesday.

“If we can send a Roadster to the asteroid belt, we can probably solve Model 3 production. It’s just a matter of time,” said Musk, who is also the CEO of SpaceX.

–IANS
sku/ksk/in

Related Topics:
Continue Reading

Business

Apple is giving a huge discount on its gadgets: Details inside

Published

2 years ago

on

May 5, 2022

By

If you want to buy an iPhone and were waiting for a nice offer, then we have a piece of good news for you! Amazon Summer Sale May 2022 has begun and they are offering major discounts on various smartphones, laptops, and smart TVs, among others.

The sale is live now on the e-commerce platform with no-cost EMI options and exchange discounts on various products. In addition to this, Amazon has also partnered with several banks including ICICI, Kotak Bank, and RBL so that customers get instant discounts of up to 10% using their cards and EMI transactions.

Customers can easily enjoy this summer sale and get massive discounts on iPhones. They can also compare prices on Flipkart Big Saving Days Sale 2022 before making a purchase.

 

Amazon Summer Sale May 2022: Discount offer on iPhone 13 

Apple’s coveted phone model iPhone 13 in the 128 GB storage model will be available during the Amazon Summer Sale May 2022 for Rs 64,900. The MRP of the phone is Rs 79,900. This means that the customers will be able to enjoy a discount of up to Rs 15,000 on the purchase of the iPhone 13.

If you have an old iPhone in working condition then you will also be eligible to receive another additional discount worth up to Rs 17,000 on the iPhone 13.

Buy at Rs. 64,900 (MRP – Rs. 79,900)

Features of Apple iPhone 13 

The iPhone is powered by an A15 Bionic processor with 6 core CPU. Apart from this, it has 16 core neural engines. With the iPhone 13, up to 512 GB of storage will be available. The iPhone 13 has a 6.1-inch Retina XDR display with 1000 nits brightness.

The iPhone 13 has a 12-megapixel dual rear camera setup. This time a new wide-angle camera has been given, whose aperture is f/1.6. With this, there is support for sensor optical stabilisation. Night mode has been made better than before. The second lens is also 12 megapixels ultra-wide and has an aperture of f/2.4.

Continue Reading

Trending