Saturday April 20, 2019
Home Lead Story Elon Musk Say...

Elon Musk Says Tesla is Close to Achieving Profitability

In order to "achieve a victory beyond all expectations, Tesla must go "all out" on production on Sunday which marks the end of the quarter, Musk said.

0
//
Tesla, board
Tesla to lay-off 7% full-time staff amid China dreams. Pixabay

Amid a slew of controversies surrounding Tesla CEO Elon Musk, there comes some good news for the electric-car company’s investors and staff as the tech billionaire has now said that the company is close to achieving profitability.

In emails to Tesla staff, Musk said that if the staff could pull through the pressure on Sunday, the company could be close to achieving an “epic victory” on production goals, CNBC reported.

tesla
A Telsa car recharges at a Tesla charging station in Charlotte, N.C.. VOA

The message from the Tesla boss could bring some cheer to the workers as the last few weeks had been quite tumultuous for Musk who had on Saturday agreed to step down as chairman of the company for three years and pay a $20 million fine in a deal with the US stock market regulatory authority, Securities and Exchange Commission (SEC), to resolve securities fraud charges.

The SEC announced the deal on Saturday — two days after it sued Musk in federal court for misleading investors over his post on Twitter last month that he was considering taking Tesla into private ownership at $420 a share.

tesla
‘Tearful’ Musk aims for $25,000 Tesla car for the masses. (VOA)

According to the SEC’s complaint, Musk’s misleading tweets caused Tesla’s stock price to jump by over six percent on August 7, and led to significant market disruption.

Also Read: Elon Musk Apologises To UK Driver For Calling Him a ‘Pedo’

However, in two emails — one dated September 28 and the other September 30 — Musk exhorted staffers to “ignore the distractions” and that the company was close to “proving naysayers wrong”, the CNBC report said.

In order to “achieve a victory beyond all expectations, Tesla must go “all out” on production on Sunday which marks the end of the quarter, Musk said. (IANS)

Next Story

Apple’s Recycling Robot Is Capable of Disassembling 200 iPhones Per Hour

In 2018, the company refurbished more than 7.8 million Apple devices and helped divert more than 48,000 metric tons of electronic waste from landfills. 

0
apple
Apple has received nearly one million devices through its programmes and each Daisy can disassemble 1.2 million devices per year. Pixabay

 Apple on Thursday announced to expand its global recycling programmes and introduced Daisy, its recycling robot that is capable of disassembling 200 iPhones per hour.

US customers can send their iPhones to be disassembled by Daisy which is 33 feet long, has five arms and can methodically deconstruct any of 15 iPhone models.

Daisy will disassemble and recycle select used iPhones returned to Best Buy stores throughout the US and KPN retailers in the Netherlands, the company said in a statement ahead of Earth Day that falls on April 22.

apple
For cobalt, which is a key battery material, Apple sends iPhone batteries recovered by Daisy upstream in its supply chain. Pixabay

Apple also announced the opening of its “Material Recovery Lab” dedicated to discovering future recycling processes in Austin, Texas.

The Lab will work with Apple engineering teams as well as academia to address and propose solutions to today’s industry recycling challenges.

“Advanced recycling must become an important part of the electronics supply chain, and Apple is pioneering a new path to help push our industry forward,” said Lisa Jackson, Apple’s vice president of Environment, Policy and Social Initiatives.

Apple has received nearly one million devices through its programmes and each Daisy can disassemble 1.2 million devices per year.

In 2018, the company refurbished more than 7.8 million Apple devices and helped divert more than 48,000 metric tons of electronic waste from landfills.

robort
The Lab will work with Apple engineering teams as well as academia to address and propose solutions to today’s industry recycling challenges. Pixabay

Daisy can take apart iPhones to recover materials such as cobalt, aluminum and tin, which are then recycled back into the manufacturing process.

Once materials have been recovered by Daisy, they are recycled back into the manufacturing process.

Also Read: Parkinson Treatment Possible Through A Blood Pressure Drug

For cobalt, which is a key battery material, Apple sends iPhone batteries recovered by Daisy upstream in its supply chain.

They are then combined with scrap from select manufacturing sites and, for the first time, cobalt recovered through this process is now being used to make brand-new Apple batteries. (IANS)