During Q2 2023 Tesla (NASDAQ: TSLA) made ~480,000 vehicles and delivered more than 466,000, the highest to date. As a result, Q2-2023 looked solid with Tesla setting its production and deliveries among its top five quarters. The result was revenue approaching $25B in a single quarter. Net revenue was $2.7 billion. However, analysts remain skeptical about what many of them say is a greatly overvalued stock that pays no dividends. During the past year a share of TSLA stock has ranged from ~$102 to $315. It’s currently trading ~$260. (AutoInformed: Ford Cuts F-150 Lightning Prices by $6000 to $10,000)
“Our operating margin remained healthy at approximately 10% [9.6%], even with price reductions in Q1 and early Q2. This reflects our ongoing cost reduction efforts, the continued production ramp success in Berlin and Texas and the strong performance of our Energy and Services & Other businesses,” Tesla said. Continue reading







Honda Halting Lawn Mower Production in US
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Honda North Carolina Manufacturing (NCM) in Swepsonville today started making the FourTrax Rancher all-terrain vehicle (ATV). NCM will become the sole production source for Honda ATVs in North America, joining with Honda South Carolina Manufacturing (SCM) in Timmonsville, SC, which is the only facility in the world to build Honda side-by-sides. NCM will produce Honda FourTrax and TRX series ATV models.*
Significantly, by the end of September, NCM will discontinue production of gasoline lawnmowers “due to market forces” such as stricter environmental regulations and shifting customer preferences to become the sole producer of Honda ATVs in North America,allowing SCM to expand Honda side-by-side production of Pioneer and Talon sports models. (AutoInformed: Honda to Abandon IC Engines – Global Electrification by 2040; CARB Fines Honda Motor for Small Engine Emissions) Continue reading →