India's No. 1 Affordable Computer Franchise (ISO Certified, Govt. Approved) | Get approval in 10 Hours. For Inquiries: CALL +91-9774064470

Tesla Says Never Mind: It Raises Prices and Keeps Most Stores

Just days after saying that it would close most of its stores, Tesla is making an abrupt U-turn.In a message posted on its blog just before midnight Sunday, the electric-car maker said it had decided to retain many of the locations it had shut down or was planning to close. And it said it would raise most of its vehicle prices about 3 percent worldwide, just weeks after cutting prices.“Over the past two weeks we have been closely evaluating every single Tesla retail location, and we have decided to keep significantly more stores open than previously announced as we continue to evaluate them over the course of…

Continue Reading

Tesla Scales Back Store Closings but Will Raise Prices

Just days after announcing that it would close most of its stores, Tesla said late Sunday that it had decided to keep “significantly more stores open” than previously announced. The electric-car maker also said it would raise most of its vehicle prices about 3 percent worldwide.The flip-flop on the fate of the sleek stores is the latest move by the upstart company that for a time was the most highly valued American car company, but which is now facing financial pressures.In the last three months of 2018, Tesla opened 27 sales and service locations to keep up with rising demand for its mass-market electric car, the Model…

Continue Reading

Amazon Invests in Rivian, a Tesla Rival in Electric Vehicles

A potential rival to Tesla in electric cars just got a big boost from Amazon.The online retail giant is leading a $700 million investment in Rivian, a Michigan company that is developing a battery-powered pickup truck and an electric sport utility vehicle.Rivian announced the new round of investment on Friday, offering few details but saying it would remain independent.Founded in 2009 by an M.I.T.-trained engineer, R. J. Scaringe, Rivian previously raised about $500 million from Sumitomo, a Japanese conglomerate known for its tire division, and Abdul Latif Jameel, a Saudi industrial group. Those earlier investors also took part in the new investment round, though the companies did…

Continue Reading

Tesla Profit Declines, but Musk Says Cash Position Is Strong

Tesla has now shown it can make money — it reported its second consecutive quarterly profit on Wednesday, the first time it has done so — but the automaker still faces many challenges as it seeks to keep its growth going.The Model 3 sedan still costs too much to produce. The company has set an ambitious goal of churning out cars from a new factory in China by the end of the year. And it struggles to provide the kind of customer service that buyers of luxury automobiles expect. Tesla also is planning to spend heavily on a new model even as a big bond payment reduces…

Continue Reading

Electric Vehicles Are in the Spotlight at Detroit’s 2019 Auto Show

ANN ARBOR, Mich. — Just before Thanksgiving, Ken Westerman came close to buying his first fully electric car, a Tesla Model 3.A retired music teacher with an interest in protecting the environment, Mr. Westerman was looking to replace the hybrid car he had been driving for years, a red Toyota Prius, and test-drove a Model 3. He was dazzled by the car but concluded that the limits of its range — 300 miles on a single charge — would complicate his regular trips from Ann Arbor to the East Coast and Arkansas.“Those are six- to eight-hour trips, and if you have to stop to charge up, that…

Continue Reading

Tech Fix: CES 2019: It’s the Year of Virtual Assistants and 5G

LAS VEGAS — The show must go on. That sentiment couldn’t have been stronger this week at CES, the largest consumer electronics convention in the country. The conference, which brought more than 180,000 people to Las Vegas, was a reminder of what the tech industry is best at: being optimistic about itself.ImageCreditJoe Buglewicz for The New York TimesWho cares about the abysmal stock market and growing fears that we are sliding into a recession? Check out these virtual-reality headsets, self-driving cars and big-screen TVs.Filippo Yacob, a tech entrepreneur who attended, was blasé about the state of the market. “The speed of progress and innovation happens at such…

Continue Reading

Wheels: Car Tuneups That Require Audio Engineers

On good days, it’s a concert hall, a news source or a way to entertain the kids. On bad ones, it’s a cranked-to-11 therapy session to the loudest tracks on your Spotify playlist.Factory audio systems in cars were once, at best, an AM-FM radio with a cassette player and a couple of speakers crammed into leftover dashboard space. A turning point came in 1982, when Bose tuned a system to the acoustics inside a 1983 Cadillac Seville. This audio revolution heard around the world featured four speakers. Four.Today, solid midpriced systems pack a dozen. The best are so immersive, your next automobile decision might come down to…

Continue Reading

Tesla Reports Record Output, but Cuts Prices, and Its Shares Plunge

Tesla reported a record quarter on Wednesday, and investors responded with a sell-off.The automaker said it delivered 63,150 Model 3 sedans in the fourth quarter, 13 percent more than in the third quarter. But even that gain fell short of some analysts’ expectations.The growth rate was also well off that of the third quarter, when Model 3 sales more than doubled amid a rush of initial orders as Tesla began high-volume production of the car, on which it has staked its future.And even while the fourth quarter brought overall sales of 90,000 for the first time, the company said Wednesday that it was cutting prices of all…

Continue Reading

G.M.’s President Will Take Over Its Self-Driving Effort

A top General Motors official is taking on a new role that underlines the auto industry’s intense push to develop and commercialize self-driving cars.The official, Dan Ammann, will give up the job of G.M. president and become chief executive of Cruise, the division working on autonomous vehicles, the company said Thursday.The move gives Cruise increased management heft as it prepares to start a driverless-ride service by the end of 2019. G.M. expects the service and other related businesses to expand rapidly, and Mr. Ammann said it could involve “trillions” of self-driving cars in the future.“This is technology that we wanted to develop and deploy in massive scale,…

Continue Reading

Needing Growth, Uber Returns to Germany. This Time on Best Behavior.

DÜSSELDORF, Germany — Guido Goebel stopped driving for Uber three years ago when the company abandoned his hometown, the German city of Düsseldorf, after a battle with regulators.Several weeks ago, the ride-hailing service reached out to him again. Uber told Mr. Goebel that it was returning to Düsseldorf and offered him a bonus of 500 euros, or about $560, if he hit certain driving targets.“It’s good. I’m busy,” Mr. Goebel, who had taken work driving patients to medical appointments, said from behind the wheel of a Mercedes-Benz C-Class. “People are happy Uber is here.”Düsseldorf is the start of an effort by Uber’s chief executive, Dara Khosrowshahi, to…

Continue Reading