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Thursday 31 January 2019

VW buggy, Porsche 911 Hybrid, Shell chargers, Tesla profits: Today's Car News

Tesla reported profits, and revealed new model lineups for its Model S and Model X—and another price cut. Volkswagen announced it will build a concept electric dune buggy for the Geneva auto show.

Details of the upcoming Porsche 911 Hybrid have emerged. And Shell has bought its first charging network in North America. All this and more on Green Car Reports.

Profit reports are key, especially for a company like Tesla that has built a following of evangelists hoping to change the world, but whose ability to survive hinges on shoring up its shaky finances. In its most recent quarterly earnings call, Tesla revealed that it turned a profit and built up its cash reservesin the last quarter of 2018, while producing more cars than ever before.

The company also cut prices and introduced new base versions of the Model S sedan and Model X SUV with shorter range batteries limited by software, not cells.


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