Oct 2, 2018 - Energy & Environment

Tesla meets Q3 production targets for its Model 3 vehicles

A Tesla Model 3 on the production line. Photo: Mason Trinca for The Washington Post via Getty Images

Tesla produced 53,239 Model 3 sedans in the third quarter and delivered 55,840, the company announced Tuesday, meeting its goal of producing between 50,000 and 55,000 Model 3s in the quarter.

Why it matters: Tesla delivered 83,500 vehicles in Q3, which the company said is 80% more than what they delivered during all of 2017. This comes at the height of a tumultuous few months for the electric car-maker following CEO Elon Musk's "go-private tweet," that resulted in an SEC settlement under which Musk was forced to pay a $20 million penalty and step down as chairman of the company.

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Illustration: Aïda Amer/Axios

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Bethany Allen-Ebrahimian, author of China
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Ashley Gold, Kyle Daly
4 hours ago - Technology

Justice Department sues Google over alleged search monopoly

Illustration: Lazaro Gamio/Axios

The Justice Department and 11 states Tuesday filed an antitrust lawsuit against Google, accusing the company of using anticompetitive tactics to illegally monopolize the online search and search advertising markets.

Why it matters: The long-awaited suit is Washington's first major blow against the tech giants that many on both the right and left argue have grown too large and powerful. Still, this is just step one in what could be a lengthy and messy court battle.

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