Tesla reports record income; confirms Nevada truck expansion
CTV
Tesla said it intends to invest US$3.6 billion to expand manufacturing capabilities in Nevada and is confident growing software-related profits, reflected in record net income reported Wednesday for the fourth quarter of last year, will keep margins higher than any other automaker.
Tesla said it intends to invest US$3.6 billion to expand manufacturing capabilities in Nevada and is confident growing software-related profits, reflected in record net income reported Wednesday for the fourth quarter of last year, will keep margins higher than any other automaker.
The company confirmed it plans to produce high volumes of semi-trucks and make enough cell batteries for 2 million light-duty vehicles annually in Nevada.
Nevada Gov. Joe Lombardo posted a photo on Twitter of himself and CEO Elon Musk late Tuesday after the newly elected Republican announced in his first State of the State address Monday night Tesla had committed to a "brand-new" $3.5 billion manufacturing facility for electric trucks in northern Nevada.
The project actually will expand an existing operation at the Truckee Reno Industrial Center, about 20 miles (32 kilometres) east of Reno-Sparks along Interstate 80. But the plan takes the company a step closer to accomplishing previously announced plans to ramp up Tesla Semi production to make 50,000 trucks in North America in 2024.
The White House issued a statement trumpeting the plans on Tuesday as Musk wrapped up three hours of testimony defending himself in a class-action lawsuit in a San Francisco federal court over his operation of Twitter, one of three major corporations he owns including Tesla and SpaceX.
Musk's impulsive and sometimes inflammatory usage of Twitter took centre stage as proceedings continued Wednesday over the suit that alleges he misled Tesla shareholders in 2018 with a tweet about an aborted buyout.
Mitch Landrieu, U.S. President Joe Biden's infrastructure chief, said on Tuesday Tesla's additional investment in Nevada is proof of a continued "manufacturing boom" since Biden took office two years ago. He said the expansion would create 3,000 jobs in Nevada while promoting clean energy and strengthening U.S. security.
Hawaii suffered its worst flooding in more than 20 years as heavy rains fell on soil already saturated by downpours from a winter storm a week ago, officials said Friday while warning that still more rain was expected during the weekend.
While Canada is well known for its accomplishments in space — including building the robotic arms used on the Space Shuttle and the International Space Station — the country still has no ability to launch its own satellites. This week, Ottawa committed nearly a quarter‑billion dollars towards changing that.
March is Liver Health Month, and while many people think about alcohol and diet when it comes to liver health, a growing risk factor is chronic hepatitis B.
It’s an enduring stereotype that Canadians are unfailingly nice, quick to apologize even when they have done nothing wrong. But an online urban legend claims the opposite of Canada’s soldiers, painting a picture of troops so brazen in their brutality that international laws were rewritten to rein them in.
Friday marks the first official day of spring in the northern hemisphere, but it will still feel like winter this weekend for many Canadians, as snow, sleet, rain and sub-zero temperatures are forecast across the country.
A social media post from the U.S. Food and Drug Administration this week shows a big-eyed macaque staring out from behind bars.
Young people in southeast England and beyond are lining up for the meningitis B vaccine after an outbreak killed two people, sparking supply warnings from pharmacies and raising broader questions about the best public health response to the disease.
Many wage earners are engaging in “microshifting,” a flexible scheduling approach that involves tackling job duties in short, productive bursts instead of a single nine-to-five stretch.
Tyson Atleo, a hereditary leader of the Ahousaht First Nation, says the creation of three new forestry areas to be managed by his community and two others on the west coast of Vancouver Island marks the realization of a long-standing promise.
As artificial intelligence continues to reshape industries worldwide, Canadian universities are emerging as key players – not only in developing technology but in teaching students how to use it responsibly.
Switching up your exercise routine does more than fight boredom. Engaging in varied forms of movement may significantly boost your longevity, according to research.
A seven-bedroom, five-bathroom home in Ottawa’s Rothwell Heights neighbourhood is currently the most expensive home on the market in the capital.
David Suzuki, the geneticist-turned-environmentalist, who is days away from his 90th birthday, reflected on his legacy as he prepared to release his latest book, “Lessons from a Lifetime,” which compiles photos and stories from his life, as well as testimonials written by those he inspired.