Tesla Motors to reach 120,000 cars per year production in 2016

Tesla Model S First Delivery, June 2012

Tesla Motors just released production figures for Q2 2016 — 18,345 vehicles for a 73,380/year annualized rate.   This is the Tesla Model S and Model X, both of which target the luxury car market.  The company also announced projected production rate increases for 2016, and that they should (knock on…

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GM to enter robotaxi autonomous car sharing business, eventually

General Motors today announced plans that will position the company to “capitalize on the future of personal mobility,” using its OnStar network (“nearly two decades of connectivity leadership”) and by “owning the customer relationship beyond the vehicle.”  Given what GM announced (car sharing services with autonomous vehicles), “owning the customer…

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