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Tesla deliveries soar, beating Wall Street expectations | Tesla released its second-quarter production and delivery figures Sunday, revealing its deliveries are up 83 percent compared to last year's second quarter. |
© AP Photo/David Zalubowski |
Tesla delivered 466,140 vehicles from April to June, which is up 10 percent from the first quarter. Out of the total deliveries, 19,225 were Model S/X vehicles and 446,915 were Model 3/Y vehicles. Tesla also announced the company produced 479,700 total vehicles, with 19,489 being Model S/X vehicles and 460,211 being Model 3/Y vehicles. During the second quarter of 2022, Tesla delivered 254,695 vehicles and produced 258,580 vehicles. These new figures bring the total number of cars produced by Tesla to nearly 900,000 for the first six months of the year, surpassing Wall Street expectations. This comes after Tesla announced multiple price cuts on its vehicles earlier this year, including a $5,000 cut for its luxury Model S and Model X vehicles in April. Tesla had initially lowered its prices in January in part to make some of its vehicles eligible for the new $7,500 EV tax credits approved through the Inflation Reduction Act. According to Tesla's website, its Model 3 and Model Y can be eligible for the tax credit. Read more at TheHill.com. |
Welcome to The Hill's Technology newsletter, we're Rebecca Klar and Ines Kagubare — tracking the latest moves from Capitol Hill to Silicon Valley. The newsletter will return on Wednesday after a break for Independence Day. |
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How policy will be impacting the tech sector now and in the future: |
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The Chinese government on Monday announced new limits on the exportation of two rare metals necessary for the production of semiconductors and electric vehicles. Beginning Aug. 1., the Chinese Ministry of Commerce said exports of the metals germanium and gallium will be allowed only if exporters secure licenses from the ministry, a move it called essential to "protect national security and interests." Although the ministry … |
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| PORTSMOUTH, Va. (WAVY) – Artificial intelligence is already revolutionizing society – from healthcare and education to cybersecurity and even our courts. Despite all of its benefits, it has also given criminals an edge when it comes to deceiving us. Financial sextortion is a crime in which a bad actor attempts to leverage personal material (think: naked pictures or videos) to force a victim into giving into their … |
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More than 2,000 flights have been delayed around the country on Saturday as the Fourth of July holiday weekend kicks off. A record number of Americans are expected to travel during this weekend, with a projected 4.17 million travelers flying to their destination. The nearly 2,500 delays come as the airline industry is trying to shake off a series of delays and cancellations originally spurred by poor weather over the past week. |
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Twitter is temporarily limiting how many tweets users can view per day, CEO Elon Musk said on Saturday. Verified accounts are limited to viewing 6,000 posts a day, while unverified accounts are restricted to 600 posts per day. New unverified accounts are further limited to 300 posts a day, although Musk did not specify how long an account would need to be active to no longer be classified as "new." The billionaire said that … |
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News we've flagged from the intersection of tech and other topics: |
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Uncensored AI chatbots pose new risks |
Artificial Intelligence (AI) powered chatbots that are being created without the guardrails of the more mainstream tools are setting off a free speech debate about how the tools should be moderated, The New York Times reported. |
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Popular Reddit third-party apps shut down |
Mashable broke down which third-party Reddit apps, including Apollo and BaconReader, have shut down amid the platform's decision to charge for access to its application programing interface (API). |
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Branch out with other reads on The Hill: |
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Summer movie season is in full swing. Here's what's coming through Labor Day |
The summer movie season goes into high-gear in July, with the arrival of the seventh "Mission: Impossible" movie followed by the "Oppenheimer" and "Barbie" showdown on July 21. Not that you have to choose one or the other — as Tom Cruise said on Twitter, "I love a double feature, and it doesn’t … |
United Parcel Service (UPS) Saturday reached a tentative deal with the International Brotherhood of Teamsters that would end a dual-wage system for delivery drivers in its next contract, the union announced, a win for the Teamsters that could lower the chances of a nationwide strike as negotiations continue.
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Two key stories on The Hill right now: |
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The top spokesperson for a super PAC supporting Republican presidential candidate and Florida Gov. Ron DeSantis said that former President Trump is … Read more |
| Nationwide home affordability declined again in the second quarter of the year as rising prices pushed up the wages necessary to afford a home, according … Read more |
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Opinions related to tech submitted to The Hill: |
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You're all caught up. See you Wednesday! |
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