Tag: Tesla

Tesla hires Apple software engineer Chris Lattner to lead its Autopilot team

Marivic Cabural Summers
tesla

Chris Lattner, the project lead of Swift programming language at Apple Inc (NASDAQ: AAPL) decided to leave the iPhone maker to join Tesla Motors (NASDAQ: TSLA). Lattner announced his departure from the company in a community forum on Tuesday. According to him, he will leave Apple later this month to pursue an opportunity in another space. He wrote that his decision wasn’t easy and “remained completely committed to Swift,” which is used by hundreds of millions of people.  Apple launched Swift in 2014 as its de-facto language for third-party app…

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Tesla Motors (TSLA) Q3 Earnings Top Estimates, Shares Soar

Marivic Cabural Summers

The stock price of Tesla Motors (NASDAQ: TSLA) surged during the extended trading hours after the electric car manufacturer reported third-quarter financial results that beat the estimates of Wall Street analysts. TSLA stock climbed more than 4% to $211.10 per share during the extended trading on Wednesday. Tesla Q3 financial results Tesla reported that its adjusted earnings were $111 million or $0.71 per share for the third quarter, higher than the $0.54 per share expected by analysts. The company’s total GAAP revenue was $2.3 billion, an increase of 152% from…

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Tesla Advances 500,000 Units Production Plan to 2018

Marivic Cabural Summers
Tesla

Tesla Motors (NASDAQ:TSLA) is advancing its production plan of 500,000 electric vehicles including Model S, Model X, and Model 3 by two years to 2018, according to its CEO Elon Musk and CFO Jason Wheeler in a letter to shareholders. The company also affirmed its plan to deliver 80,000 to 90,000 new electric vehicles this year. Tesla also stated that it is on track to achieving its goal to produce the first cells at its Gigafactory in the fourth quarter of 2016. Tesla also emphasized the overwhelming demand for its…

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