Tesla informs about the first profits

Tesla Motors presented investors with the latest financial report. The report for the third quarter of this year is very optimistic. For the first time in two years, the company reported a profit of $ 21.9 million.

Until quite recently, the situation of Tesla Motors did not look good. Although the American company sold quite a few cars, its activity was not profitable. Fortunately, year after year is getting better and better.

A few days ago, Elon Musk announced the release of all its models in autonomous driving technology. In addition, it plans to equip them with photovoltaic cells that will be built into the vehicle’s roof, charging its batteries and thus raising the vehicle’s reach. This makes Tesla vehicles more and more popular. Particularly Model S, which sold last quarter increased as much as 59 percent, compared with the same quarter last year.

Thanks to this Tesla Motors can finally boast of profits. For the last quarter, the company’s profits totaled $ 21.9 million. This is due to a significant increase in orders for its cars, which for Model S and X increased 68 percent compared to the same quarter last year. Since then, it has also managed to increase production by 92 percent. (37% compared to the second quarter), so the company expects to achieve the goal of producing 50,000 cars this year.

The total revenue of the company as compared to the third quarter of 2015 increased 145 percent. And $ 2.3 billion, and next year may be even better. At the end of 2017 will be the first deliveries of the latest model 3, the first car in the US company’s offer, to be available at a very affordable price of about 30 thousand dollars.

These rumors will certainly delight investors and shareholders of the American concern.

Foxconn will release most of its employees

Foxconn Chinese company announced the dismissal of most employees. This does not mean, however, that the company is terminated. They just do not need people anymore and are going to replace them with robots.

Experts estimate that over the next several years, robots will receive at least tens of millions of jobs. Unfortunately, this is an inevitable future that will soon affect all employees of the Foxconn group, producing smartphones for Apple.

Foxconn has been working on automated production lines for several years, which will not only significantly speed up the process of manufacturing new equipment, but will, above all, reduce operating costs. Dai Jia-peng, manager of China’s technology automation division, told DigiTimes that a three-step plan to replace robots by humans has already begun.

In the first phase, the workers in the factories will be replaced by robots working on individual workstations. They will deal with tasks that are too dangerous for a human being or those people do not want to do.

The second stage of the plan will include the acquisition of the whole production line by the robots, while the third phase of the project will minimize the presence of people in the factories. From now on, they will only be supervised, inspected and tested.

Dai Jia-peng explained that Foxconn factories in Chengdu, Shenzhen and Zhengzhou are already at the second and third stages of the project. In the case of Zhengzhou, where nearly half of all iPhones are produced, production lines are already fully automated.