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Tesla loses $38 million in third quarter
Wed, 06 Nov 2013Tesla Motors, Inc. posted a net loss of $38 million on $431 million in revenue during the third quarter -- a steeper loss on slightly higher revenue than in the second quarter. In the third quarter of 2012, when Tesla was just starting production of the Model S, the automaker lost $111 million on $50 million in revenue.
BMW M135i: It’s official
Sun, 13 May 2012BMW M135i BMW has revealed the production version of the M135i from this year’s Geneva Show. Three or five door and 0-62mph in 4.9 seconds. BMW’s M Performance range is a step down from a full blown BMW M, but very appealing nonetheless.
Drivers fail car insurance test
Mon, 11 Mar 2013On a 10-question, multiple-choice test asking respondents to choose correct definitions for basic auto insurance terms, the average score was 32 percent out of a possible 100 percent, according to insurance.com. The test group included 500 drivers of all ages and from various regions of the United States, but apparently no matter what the details, nobody really knows much about car insurance. When broken down into demographic segments, women outscored men by about 8 percentage points on average, and drivers in the south beat out those in the northeast by 10 percentage points.