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Tesla Deliveries Rise to Record as Car Buyers Rush for Subsidies

(Bloomberg) — Tesla Inc. delivered a record 112,000 cars in the final three months of 2019, as buyers rushed to take advantage of subsidies being dialed back or eliminated altogether in three key markets this year.The electric-vehicle maker handed over 92,550 Model 3 and 19,450 Model S and Model X electric vehicles in the fourth quarter, according to a statement, eclipsing its previous total best of 97,000 set in the prior three months. Tesla delivered 367,500 vehicles total in all of 2019, topping the low end of its forecast for at least 360,000.The results add to the momentum Chief Executive …read more […]

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Tesla meets low end of 2019 goal for vehicle deliveries

Tesla said it delivered 112,000 vehicles in the fourth quarter, including 92,550 Model 3 sedans and 19,450 Model S/X SUVs, which was above expectations of 104,960 vehicles, according to IBES data from Refinitiv. Tesla delivered 92,550 Model 3s in the quarter, beating analysts’ average estimates of 85,488, according to IBES data from Refinitiv. The Model 3 is Tesla’s most affordable car, with lower-range versions available starting at $35,000. …read more […]

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Former Sequoia Partner Wins Extortion Suit Against Ex-Mistress

(Bloomberg) — A salacious three-year legal battle involving a former partner at Sequoia Capital, a onetime exotic dancer and a promised $40 million hush money payment has come to an end.A California Superior Court judge ruled in favor of venture capitalist Michael Goguen, finding his former mistress Amber Laurel Baptiste committed fraud and extortion when she threatened to publicize a false claim that he gave her a sexually transmitted infection. The judge ordered Baptiste to pay back the full $10.25 million she got from Goguen. After a three-day trial that Baptiste didn’t attend, the court also approved a restraining order …read more […]