Posts Tagged: Chain’

Tesla nearly doubled its revenue in Q1 despite industry wide supply chain woes

Tesla built 305,000 vehicles in the first "exceptionally difficult" quarter of this year, delivered 310,000 of them, and opened new factories in Berlin and Austin — all while CEO Elon Musk sought a highly publicized hostile takeover of Twitter.

Tesla's recent factory investments, as well as efforts to shore up its battery component supply chain, are part of the company's localization strategy, which seeks to lower production costs by building vehicles closer to the markets they'll eventually be sold in. But like the rest of the automotive industry, Tesla faces an increasingly tight supply of critical semiconductors and rising prices spurred by inflation itself brought on by Russia's invasion of Ukraine. It also is currently navigating the shuttering of its Gigafactory in Shanghai, which closed due to COVID outbreaks in the region. Work at the factory has only partially resumed in recent days.

At the opening of the Austin Gigafactory earlier this month, Musk confirmed that the long-awaited Cybertruck would finally be going on sale in 2023 and that a wide beta of its Full Self-Driving technology would be rolling out throughout North America this year. However, both the Cybertruck and the upcoming Roadster (as well as "Future Products") are still listed as "in development," as opposed to "in production" as the X/S and 3/Y are in this latest investors deck. Q1 2022 also saw price increases across Tesla's model lineup and the elimination of gratis mobile charging equipment. Overall, the company posted $ 3.3 billion in net income up from $ 438 million last year.

Tesla will hold its quarterly investor teleconference at 5:30pm ET today, stay tuned for updates from that call along with whatever fun tidbits come out of Elon's mouth during it.

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There’s much ado about Nothing as Carl Pei claims a ‘major’ company attacked the supply chain

It’s bad enough that we have a global chip shortage that never seems to end but now it seems that there may be a case of industrial sabotage against Nothing. Having published a blog post complimenting his team on the performance of the company’s first product, the Ears (1), Nothing’s CEO went on to accuse […]

Come comment on this article: There’s much ado about Nothing as Carl Pei claims a ‘major’ company attacked the supply chain

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A sushi restaurant chain in Japan is using AI to evaluate tuna cuts

The highlight of almost any sushi platter is the fatty tuna. Finding that perfect cut of tuna that melts in your mouth is something that fish buyers spend years of their life learning how to do. But now a Japanese advertising agency named Dentsu Inc…
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‘Astral Chain’ brings Platinum-flavored action to Switch this August

Astral Chain is the latest neon-infused, over-the-top action title from Platinum Games, and it's due to hit the Nintendo Switch on August 30th. Platinum is best known for developing the Bayonetta series and 2017's acclaimed RPG Nier: Automata. It's a…
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