Fisker Ocean enters production

Yes – production commences at the Magna Steyr plant in Austria of the Fisker Ocean SUV. Fisker has started production of the long-awaited Ocean SUV.  The first production example of the battery-electric Ocean rolled out of the Graz, Austria, plant where it is manufactured by Magna Steyr. The contract manufacturer and supplier that will build …

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Tesla Q3 Results

Oct 19th: Tesla Q3 Results just published. Key data Revenue: $21.45 billion and 56% YoY growth. Income of $3.7 billion and 75% YoY growth. Operating margin of 17% up 262 bp. Tesla reported $1.05 in adjusted EPS, ahead of expectations of 99 cents, on revenues of $21.45 billion, lighter than the $21.96 billion expected. Net income …

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Q3 Sales data

As Q3 ends we have plenty of sales data to review. Some big numbers, some hits and some misses. Let’s starts with Tesla The market was expecting Tesla to deliver between 350,000 and 370,000 units. On the weekend Tesla reported over 343,000 cars delivered and over 365,000 produced. In the third quarter, we produced over …

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