Alexandria's Feed
Nov 4, 2015

Tesla’s bullish production outlook drives stock higher

SAN FRANCISCO (Reuters) – Tesla Motors Inc (TSLA.O: Quote, Profile, Research, Stock Buzz) promised to speed up production of its electric cars after a strong rollout of its Model X SUV, lifting its stock by more than 9 percent even as it posted its biggest loss in 10 quarters.

Orders are accelerating for both the luxury crossover Model X and the 3-year-old Model S sedan, the company said on Tuesday. It estimated shipping 17,000 to 19,000 vehicles in the current quarter, up from 11,603 in the third quarter.

Nov 3, 2015

Tesla shares jump on boost in vehicle sales in third quarter

SAN FRANCISCO (Reuters) – Tesla Motors Inc (TSLA.O: Quote, Profile, Research, Stock Buzz) shipped more electric cars than expected in the third quarter with its Model X SUV rollout, boosting its stock by 10 percent even as the company posted its biggest loss in 10 quarters.

Tesla also said on Tuesday that orders were accelerating for both the Model S sedan, launched in mid-2012, and the luxury crossover Model X. It forecast better operating margins in the next few quarters as revenue and gross profit grow faster than expenses.

Oct 28, 2015

VW dealers offer hefty discounts as diesel crisis keeps U.S. buyers away

DETROIT/SAN FRANCISCO, Oct 28 (Reuters) – Many of Volkswagen
AG’s U.S. dealers are offering hefty discounts of
$6,000 and more on new 2015 and 2016 gasoline models as the
German automaker began more aggressive efforts to rebuild sales
in the wake of the diesel emissions cheating scandal, a Reuters
analysis of dealer prices shows.

Retail price discounts range up to $7,850 on the 2015
Passat, according to an online survey of VW dealers on
Wednesday. Discounts of up to $7,290 are being offered on the
2015 Jetta and up to $5,625 on the 2016 Jetta. Battery electric
models such as the e-Golf have discounts of up to $11,000, while
gasoline-electric models such as the Jetta Hybrid have prices
slashed by up to $6,000.

Oct 23, 2015

Dorsey’s Twitter stock gift well-timed to stem brain drain – recruiters

SAN FRANCISCO, Oct 23 (Reuters) – Twitter Chief
Executive Jack Dorsey’s novel move to give a third of his
company stock to an employee equity pool is a smart gesture to
restore confidence in a company that lost its way, according to
recruiting and compensation experts.

Beyond its generosity, the gift is a strategic effort to
retain and attract key talent at the social media company,
roiled by months of leadership uncertainty and questions over
its long-term growth.

Oct 22, 2015

Amazon posts second straight profit powered by Web Services

By Anya George Tharakan and Alexandria Sage

(Reuters) – E-commerce company Amazon.com Inc (AMZN.O: Quote, Profile, Research, Stock Buzz) on Thursday recorded a surprise profit for the second quarter in a row, propelled by higher sales in North America and its cloud computing business, and its shares rose 11 percent.

Amazon, which has historically struggled with profitability while spending to expand beyond its core online marketplace offerings, reined in costs and was helped to profitability by growth at its Amazon Web Services (AWS) segment.

Oct 19, 2015

Volkswagen diesel owners in U.S. face lost value and limbo

SAN FRANCISCO (Reuters) – As the resale value of their diesel cars drops, U.S. Volkswagen owners are stuck, unwilling to sell their polluting vehicles at a loss but lacking information on what fixes may be in store.

A month after Volkswagen (VOWG_p.DE: Quote, Profile, Research, Stock Buzz) admitted to regulators that its diesel cars were rigged to cheat on U.S. emissions tests, no concrete answers are forthcoming on how the company will compensate owners, nor how dealers should deal with them.

Oct 14, 2015

Tesla unveils autopilot system, but don’t let go of the wheel

By Alexandria Sage

PALO ALTO, Calif. (Reuters) – Newer Tesla Motors Model S sedans will be able to steer and park themselves under certain conditions starting Thursday, the carmaker said, although Chief Executive Officer Elon Musk cautioned that drivers should keep holding the steering wheel.

New “autopilot” features, designed for cars built after September 2014, will be available for customers in the United States, Tesla said. European and Asian owners must wait another week. Tesla will provide the features through an over-the-air upgrade.

Oct 8, 2015

Insight – VW’s U.S. recall could be thwarted by reluctant diesel owners

SAN FRANCISCO (Reuters) – As Volkswagen AG prepares to explain how it might fix the polluting diesel cars that set off the biggest scandal in the German automaker’s history, whatever solution it proposes could be undermined by some owners in the United States who won’t bring their cars in for a recall and can’t be forced to.

The cars, some 482,000 Passats, Golfs and Jettas sold in model years 2009 to 2015 in the United States, are peppy and fun to drive, owners say. Because fixing the cars is likely to result in lower performance and fuel economy, some drivers will decline, even though their cars would continue to spew 40 times the smog-producing emissions permitted by some states. If they do, there are few enforcement levers in place.

Oct 8, 2015

VW’s U.S. recall could be thwarted by reluctant diesel owners

SAN FRANCISCO (Reuters) – As Volkswagen AG prepares to explain how it might fix the polluting diesel cars that set off the biggest scandal in the German automaker’s history, whatever solution it proposes could be undermined by some owners in the United States who won’t bring their cars in for a recall and can’t be forced to.

The cars, some 482,000 Passats, Golfs and Jettas sold in model years 2009 to 2015 in the United States, are peppy and fun to drive, owners say. Because fixing the cars is likely to result in lower performance and fuel economy, some drivers will decline, even though their cars would continue to spew 40 times the smog-producing emissions permitted by some states. If they do, there are few enforcement levers in place.

Sep 30, 2015

Tesla delivers Model X electric SUV to take on luxury carmakers

, Sept 29 (Reuters) – Telsa Motors
delivered the first of its long-awaited Model X electric
sports-utility vehicles on Tuesday, a product investors are
counting on to make the pioneering company profitable after
years of losses.

The launch of the Model X represents a milestone for the
loss-making Silicon Valley automaker during a period of high
spending and modest growth, because it can now boast a second
model in production beyond its Model S sedan, launched in 2012.

    • About Alexandria

      "Alexandria covers general news in the busy Paris bureau, focusing on politics, courts, crime and terrorism. When not covering political crises in the French government, criminal investigations, high-profile trials or visits by foreign diplomats, she can be found writing about fashion, culture and style at Paris Fashion Week or the Cannes Film Festival. Before Paris, Alexandria wrote about the business side of the apparel industry and e-commerce in San Francisco and Los Angeles. She has been with Reuters since 2004. Earlier assignments have included the Michael Jackson molestation trial, Louisiana's BP oil spill, marijuana legalization in California and polygamy in ..."
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