Jul 2, 2019 - Energy & Environment

Tesla reports record Q2 vehicle production

A Tesla-brand supercharger station in Silicon Valley. Photo: Smith Collection/Gado/Getty Images

Tesla released its Q2 deliveries report on Tuesday, but the company's net income and cash flow results are yet to be announced.

By the numbers: Tesla produced 87,048 vehicles and delivered 95,200 vehicles in Q2. The company identifies these numbers as new records and says they are entering Q3 with an increase in their order backlog.

Flashback: Tesla swung to a bigger-than-expected profit loss in its first quarter this year, while revenue came up short. Its cash pile also shrunk by $1.5 billion in Q1.

Go deeper: What Tesla knows about you

Go deeper

Axios
Updated 39 mins ago - Politics & Policy

Coronavirus dashboard

Illustration: Sarah Grillo/Axios

  1. Global: Total confirmed cases as of 2:30 p.m. ET: 19,172,505 — Total deaths: 716,327— Total recoveries — 11,608,417 — Map.
  2. U.S.: Total confirmed cases as of 2:30 p.m. ET: 4,902,692 — Total deaths: 160,394 — Total recoveries: 1,598,624 — Total tests: 59,652,675 — Map.
  3. Politics: Trump floats executive action even if stimulus deal is reached.
  4. Education: Cuomo says all New York schools can reopen for in-person learning.
  5. Public health: Surgeon general urges flu shots to prevent "double whammy" with coronavirus.
  6. World: Africa records over 1 million coronavirus cases.
Go deeper (<1 min. read)Arrow
Joann Muller
2 hours ago - Energy & Environment

General Motors tries to revive incendiary lawsuit vs. Fiat Chrysler

Illustration: Eniola Odetunde/Axios

General Motors is trying to revive an incendiary lawsuit against Fiat Chrysler Automobiles with explosive new allegations including bribes paid from secret offshore bank accounts and a union official acting as a double agent between the two automotive giants.

Why it matters: The extraordinary legal battle is occurring amid earth-shaking changes in the global auto industry that threaten to turn both litigants into dinosaurs if they aren't nimble enough to pivot to a future where transportation is a service, cars run on electrons and a robot handles the driving.

Go deeper (3 min. read)Arrow
Orion Rummler
3 hours ago - Health

Cuomo says all New York schools can reopen for in-person learning

Gov. Cuomo on July 23 in New York City. Photo: Jeenah Moon/Getty Images

New York Gov. Andrew Cuomo announced Friday that all school districts across the state can choose to reopen for in-person learning because it has so far maintained low enough coronavirus transmission rates.

Why it matters: It’s another sign that the state, once the global epicenter of the pandemic, has — at least for now — successfully curbed the spread of the virus even as infections have surged elsewhere around the country.

Go deeper (1 min. read)Arrow