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  • Tesla reported a loss of $293m for the second quarter
    03 Aug 2016

     One of the main questions surrounding Tesla is its ability to ramp up production to satisfy the almost 400,000 existing Model 3 orders, and the hundreds of thousands of orders that are supposed to follow. Past isn’t necessarily indicative of the future, but on Tesla’s earnings call just now things didn’t sound all roses.  The company ended up losing $293 million last quarter on a GAAP (Generally Accepted Accounting Principles) basis, and $150 million on a non-GAAP basis, which takes into account things like leases that GAAP generally doesn’t adjust for. ...

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  • June auto sales went strong!
    30 Jun 2016

    According to analysts and industry executives when auto dealers reveal their reports for June, the results will not have any impact from Great Britain's June 23 decision to leave EU. Even with this sad news the job growth and consumer confidence remain strong and credit is freely available.  One company that will likely report that has lost sales market will be General Motors, it continues to wean itself from low-margin sales to rental agencies and concentrate on more profitable sales to consumers. The GM vice president of U.S. sales operations says that that he sees a seasonally...

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  • Prices for new cars will drop 4,2%!
    17 May 2016

     New cars sold in U.S. in May and June will retain about 47,8% of their sticker prices, which is down from the current 52% value for three-year-old vehicles. Customers will have a strong credit availability, five years of high residual value retention rates are predicted thanks to increased demand for new vehicles, and of course the low prices for gas.  It's been revealed that for six straight years, U.S. light-vehicles sales have been growing, the record of 17,5 million vehicles sold a year ago is included too. Another 3,3% of sales grew were registered for first four month...

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  • Oil and gas producers back on track thanks to a helpful tax!
    10 May 2016

    As many of us might already know the industry of gas and oil was always on the top, a “hot topic” drivers used to always talk about. Gas prices are on the bottom now and we can afford maintaining our gasoline cars, but these kind of situations always have some cover-ups we forget about.  If we go back a bit in 2005, we would remember about the marginal well tax credit that was created by government, in order to protect small oil producers when times get tough for them, and looks like those times are already here! This tax credit is worth 25%, 50% or even 100% of the ...

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  • Tesla Motors puzzled by a tax credits deficiency
    11 Apr 2016

    Tesla Motors announced it faces a shortage of U.S. tax credits for the Model 3, its first mass-market electric vehicle. It was said that, in the first week of orders, 325,000 people had placed refundable $1,000 deposits on the Model 3, a sedan starting at $35,000 with a range of 215 miles and up.As the company has struggled in the past to deliver products on time, some say that the announced crisis is an apparent one, seeing in this announcement a clever production strategy to squeeze more money out of the program for its buyers. Because of a limit on the number of Tesla cu...

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