Tesla ’10 years ahead’ of competition, says auto-manufacturing expert

  • Tesla’s manufacturing has improved by large magnitudes from the days of “production hell,” one expert says. 
  • Sandy Munro, one of the foremost experts on vehicle teardowns and cost analysis, says the Model Y is the first electric vehicle he’s ever recommended. 
  • The company improves because it constantly evolves its design, something that’s helped it get a decade up on the competition, Munro said in an interview. 
  • Visit Business Insider’s homepage for more stories.

It’s been years since Elon Musk was famously sleeping at Tesla’s factory amid “production hell.”

And in the time since, things have improved so much that Tesla is now a full decade ahead of the competition, according to one manufacturing expert.

“I don’t think they really quite understood or grasped the concept of making cars at production speeds,” Sandy Munro, well-known for his cost analysis teardowns of cars, told a conference hosted by Bernstein last week.

But

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4 Auto Stocks to Pick Ahead of Q3 Earnings as Industry Revs Up

The third-quarter reporting cycle is finally here. PACCAR Inc. PCAR is set to kick off the earnings season for the Auto-Tires-Trucks sector next week.

Per the Oct 9 Earnings Preview, the auto sector’s earnings tanked 123.5% on a 49.7% revenue slump during the second quarter. However, things seem to be gradually looking up for the sector. While earnings and revenues are expected to have declined in the September-end quarter as well, these declines are likely to be less severe. In the third quarter, overall earnings and revenues for the sector are projected to fall 35.1% and 4.8%, year over year.

Dismal Q2 Performance

The coronavirus outbreak hit the auto industry hard in the latter half of the first quarter and the second quarter. The pandemic hurt the industry significantly amid factory closures, low footfall at dealerships and supply-chain distortions. Depressed demand of vehicles amid waning consumer confidence has dented the

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Mercedes team member tests positive for Covid-19 ahead of Eifel Grand Prix in Germany

A member of the Mercedes Formula One team has tested positive for Covid-19 ahead of the Eifel Grand Prix race weekend in Germany.





© Provided by Evening Standard


The truncated F1 campaign is due to get back under way at the Nurburgring this weekend as reigning world champion Lewis Hamilton bids to equal the iconic Michael Schumacher’s record of 91 career victories following a frustrating third-place finish in Sochi last time out.

There are two practice sessions scheduled for Friday as usual, with a third taking place ahead of qualifying on Saturday and the race set for Sunday.

Less than 24 hours before P1 is due to begin, Mercedes have confirmed that an unidentified team member has now returned a positive test for coronavirus.

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GTA 5 Online update ahead of Grand Theft Auto Heists reveal | Gaming | Entertainment

Rockstar Games has promised a big Grand Theft Auto expansion before the year’s end and fans are hoping for an announcement soon. So far, all we know is that the famous studio is going to expand GTA 5 Online in a big way before the end of 2020. This includes launching a new GTA Online in a yet to be revealed location. The big thing about this is that it could be mean a large map change, or something bigger.

There’s a chance that Rockstar are preparing to release a GTA 5 Heist on a special map, making for a huge change.

Nothing like this has ever been done in GTA Online and the closest we’ve gotten to something like this is the opening of the casino.

But with the arrival of next-gen consoles and Rockstar’s plans to release Grand Theft Auto 5 on the Xbox Series X and PS5,

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Russian rouble firms with other emerging currencies ahead of OFZ bond auctions

MOSCOW, Oct 7 (Reuters)The Russian rouble firmed ahead of treasury bond auctions on Wednesday along with other emerging market currencies, but its gains were capped by falling oil prices and geopolitical risks.

Political unrest in Kyrgyzstan, where rival opposition factions made grabs for power on Wednesday, added to turmoil in neighbouring Belarus, a military conflict in the South Caucasus and the suspected poisoning of Kremlin critic Alexei Navalny in exerting pressure on the currency.

At 0746 GMT, the rouble was 0.4% stronger against the dollar at 78.15 RUBUTSTN=MCX and had gained 0.2% to trade at 91.88 versus the euro EURRUBTN=MCX. Rising coronavirus cases globally and at home also weighed.

Brent crude oil LCOc1, a global benchmark for Russia’s main export, was down 1.2% at $42.12 a barrel.

Rouble sales would be facilitated by the situation on energy markets, said Bogdan Zvarich, chief analyst at Promsvyazbank. However,

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‘Grand Theft Auto’ Movie Reportedly In Development; Film Releases Ahead Of ‘GTA 6’

KEY POINTS

  • Rockstar Games has not yet confirmed if it is working on “GTA 6”
  • A new report claims that the gaming studio is busy working on a “Grand Theft Auto” movie
  • The said movie would be released ahead of “GTA 6”

Rockstar Games has not yet said anything about “Grand Theft Auto 6” despite the barrage of leaks and rumors surrounding the next installment in the popular “GTA” franchise but this could be because the gaming studio is reportedly busy focusing on a new medium for its plan to release the “Grand Theft Auto” film.

A new report from WGTC revealed that Rockstar Games is currently working on “Grand Theft Auto” film, which would reportedly release ahead of “GTA 6.” the site claimed that its sources are the same ones who revealed about “Resident Evil 4 Remake” is in development. This same source is also responsible for leaking that

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Action in banks, auto, consumer durables ahead of festival season, here’s why



a man looking at the camera: DAILY VOICE: Action in banks, auto, consumer durables ahead of festival season, here’s why


© Kshitij Anand
DAILY VOICE: Action in banks, auto, consumer durables ahead of festival season, here’s why

Private banks drove the rally in the banking space that was among the top performers in the week gone by. Strong performance from index heavyweights HDFC Bank and ICICI Bank propelled the sector, Abhishek Chinchalkar, Head of education at FYERS, tells Moneycontrol’s Kshitij Anand in an interview.

Edited excerpts:

Q) A stellar week for Indian markets with both the Sensex and the Nifty rallying more than 3 percent each. What led to the price action on D-Street?

A) Indian stock markets ended on a firm note on October 1 in what was a holiday-shortened week. The market took various positive cues:

Reserve Bank of India (RBI) announced that India’s current account balance (CAB) recorded a surplus of $19.8 billion (3.9 percent of GDP) in the June quarter of FY21, up from the surplus

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Strong September for automakers ahead of the festive season: Car, bike, scooter sales shine again!

Industry experts attributed a big part of the increases to depleted inventories with dealers and also a low base. They cautioned that retail sales would not be as good. More details here.

 

Ahead of the festive season, wholesale despatches of cars, commercial vehicles (CVs) and two-wheelers’ automakers gained momentum in September. Industry experts attributed a big part of the increases to depleted inventories with dealers and also a low base. They cautioned that retail sales would not be as good. “Stocks with dealers have dropped to below the required levels,” an industry insider explained. He pointed out that due to the inauspicious period — shraadh and adhikmaas — retail sales in September have been somewhat subdued. Nonetheless, auto majors remain optimistic the pent-up demand will result in a good festive season. In a sign of a pick-up in economic activity, Ashok Leyland dispatched 7,847 vehicles in September, a 35% jump

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France Maps Out Lower Electric-Car Subsidies Ahead

(Bloomberg) — France will gradually cut hybrid and electric-car subsidies in the coming years, posing a risk to the segment that’s growing but still remains a relatively small portion of the market.

The government plans to decrease an incentive to buy electric cars from 7,000 euros ($8,160) this year, to 6,000 euros next year and 5,000 euros in 2022, according to a budget plan unveiled Monday by Finance Minister Bruno Le Maire. The state handout for hybrid rechargeable vehicles will be halved to 1,000 euros next year.

A separate incentive for low-income households switching to electric vehicles will be pegged at 3,000 euros, lower than the cash-for-clunkers subsidy that was offered for a couple of months earlier this year.

“We have backed the auto industry while at the same time accelerated the lowering of carbon emissions,” Le Maire said.

Electric vehicles made up 6.1% of the French market during the

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Energized by Tesla, Chinese electric car startups are charging ahead

BEIJING — China’s electric vehicle startups are on the charge again, thanks to Tesla.



a group of people walking in front of a building


The country’s growing fascination with the U.S. pioneer’s sleek designs and cutting-edge technology is giving a string of second-wave home-grown Tesla wannabes the traction to raise more funding, expand production and boost sales.

Chinese EV startups NIO, XPeng Inc, Li Auto and WM Motor have raised more than $8 billion among them this year, and now rival Aiways is planning to go public, its co-founder and President Fu Qiang told Reuters.

Speaking ahead of the Beijing Motor Show, which starts on Saturday, Fu said the relative success of U.S. initial public offerings (IPO) by XPeng and Li Auto had helped fuel the company’s ambitions to list.

Since it was founded in 2017 in Shanghai, Aiways has raised “no more than 10 billion yuan” and it will need to secure more funding from some private equity funds

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