Kamis, 25 Juli 2019

950 miles in two days. Taking an electric road trip in a Tesla - CNN

Six years later, eons in technology years, Tesla's Supercharger network has grown enormously. And Tesla has started production of the new Tesla Model S Long Range, which provides 370 miles of range on a full charge.
It seemed like a good time for another road trip. But Washington to Boston wouldn't be interesting at all today. New Jersey is now pretty well supplied with chargers. So I decided to take the new Tesla Model S Long Range from CNN's New York offices all the way to CNN headquarters in Atlanta, with a few side trips thrown in for fun.
With a base price of $88,000, the Tesla Model S Long Range isn't just a Tesla Model S with bigger batteries. It's a Model S into which Tesla put every efficiency improvement its engineers could think of. For instance, it has more energy-efficient electric motors as well as improved lubrication and gears. Also, it does not have Ludicrous Mode, a setting that uses a lot of energy to accelerate so fast that it has no practical purpose except to make your friends momentarily incontinent.
The efficiency improvements don't detract from the Model S experience. It's still a great car to drive, with powerful performance and an amazing amount of interior space. I covered about 950 miles in two days, and learned what today's zero-emission road tripping is really like.
On the first day, I planned to drive from New York City to Richmond, Virginia, a distance of about 345 miles. I had picked the car up the day before with a full charge from Tesla's store in New York City's Meatpacking District. It then spent a quiet night in a parking garage near CNN's New York headquarters.
In the morning, I met photographer David Williams and we took a few spins around Columbus Circle for photos, then headed to the Lincoln Tunnel and out of the city. It was about 10:45 am, just after the morning rush.
Cruising the streets of Baltimore in search of a tasty crab cake.
About 160 miles into the trip, we made our first -- and only -- charging stop of the day at an Aberdeen, Maryland, rest stop. I got some work done, looked at souvenirs in the gift shop -- lots of t-shirts, mugs and shot glasses emblazoned with crabs -- munched on an Aunt Annie's pretzel and kept checking the Tesla app on my phone to see how much longer it would be before the car was charged enough for us to get going.
A Tesla Supercharger across the street from a gas station off Interstate-95 in Newark, Delaware.
I still had 167 miles of range in the battery when I pulled in so it wasn't a long stop -- about 20 minutes. The car's navigation system strategically planned the charging stops and they were automatically included in my route.
The idea was never to fully charge the batteries at a Supercharger because that would have been a waste of time. Fast chargers fill a car's battery up to 80% pretty quickly. Then, to prevent strain on the battery, charging slows to a relative trickle for the last 20%. So it makes more sense to unplug with a mostly-charged battery and drive to the next charger rather than sitting around waiting to top off.
Tesla now has hundreds of Supercharger stations in America, most of them with several chargers. They are well-maintained and nice looking. The benefit of good design is not to be overlooked. Tesla Superchargers are just cooler than other EV chargers, many of which look like vacuum cleaners strapped to poles and left to die. Tesla's, on the other hand, look like something you wouldn't mind having in your living room. Also, they're fast. At the most, my Supercharger stops were 40 minutes, which feels like forever compared to pumping gas, but not so long that the respite from the road was unwelcome.
Along the way to Richmond, we made a couple of side trips that took us off our main route. First we stopped for a crab cake at Duda's Tavern on the Baltimore waterfront. A couple of hours later, in Vienna Virginia, we stopped in to visit my brother and check out his Triumph TR6 sports car. Then we went a couple more hours southward to see another brother in the small town of Spotsylvania Courthouse, Virginia.
On a side trip, my brother Carlos Valdes-Dapena, showed me the 1970 Triumph TR6 he'd recently bought.
We pulled into the parking garage of my hotel in Richmond at around 11:00 pm with 83 miles of range left in the battery.
Then things got ugly. I had selected the hotel in Richmond because it had a Tesla destination charger. (Destination chargers are different from Superchargers in that they don't charge at particularly high speeds, but they're great for overnight charging.) When we drove through the parking garage, we couldn't find it. The hotel staff wasn't sure where it was, either. The most likely explanation was that someone had parked their gasoline-powered SUV in the Tesla charging space and they were blocking it.
At least, there were two non-Tesla EV chargers there and I had a special adapter tip in the Tesla's front trunk that would let me use one of those. Only one of the chargers was working, but even that one looked like it had been savagely beaten. I was a little worried about safety, but the damage appeared to be cosmetic. I was able to put at least some power into the Model S and nothing caught fire.
As I unplugged the car after charging overnight in Richmond, Virginia, I checked my expected range on the Tesla app.
The next morning, we stopped at a Waffle House for a high cholesterol breakfast and lots of coffee. After charging nine hours, the car had 236 miles of range in battery power. That seems like plenty, but we had now left the heavily traveled Northeast corridor and entered a zone with fewer Superchargers. I could tell right away we'd be cutting it close. The car's navigation told me I'd have less than 20 miles of range left in the battery by the time we reached the Supercharger station in Burlington, North Carolina.
I wasn't sweating it, though, because that roughly 20-mile margin remained consistent as I drove. All along, the car's range predictions had proved accurate. I received warnings telling me to keep close to the speed limit in order to make it, though. (With electric cars, as with any fast-moving vehicle, speed eats up power because of increasing wind resistance.) That only meant I had to keep it below 70 to 75 miles an hour, though, still a reasonable clip.
I had 17 miles left in the battery when I pulled into the shopping center parking lot where the Supechargers were tucked into a far-off corner. This was going to be a longer stop -- about 35 minutes -- so we got out and walked to a Barnes & Noble on the other side of the mall. I did some work, drank some more coffee and bought some books. In between, I checked my phone and waited for it to tell me it was time to start driving again. The cost of charging the car, about $20 at a long stop, was billed automatically to an account.
To save on expensive materials, Tesla Supercharger cables are only just long enough to reach if the car is pulled all the way into the space. I didn't always back in far enough.
I used Tesla's Navigate on Autopilot a lot on this trip. Autopilot keeps the car in its lane and maintains a safe distance from other cars. It can even change lanes if you ask it to by pushing on the turn signal stalk. Navigate on Autopilot takes it even further -- if you want it to -- by changing lanes for you and taking highway ramps and interchanges to follow the route in the car's navigation system.
Only a few weeks before I had written an article about Consumer Reports' contention that the system raises serious safety concerns. CNN has published articles about people who have been killed in crashes while using Autopilot.
So you might think I wouldn't want to use Autopilot. But based on my own experience, I decided I was safer on a long, monotonous drive using the system than not using it. I was safer, that is, if I used Autopilot the way it was intended and not, as some people have, as a substitute for driving. Autopilot does not make you a passenger. It makes you a less tired driver. I was still driving all the time, but with help from cameras and sensors to keep the car in its lane, maintain a safe distance from other cars and assist with lane changes. My eyes were still on the road, my hands were still on the steering wheel.
Peachoid, a 135 foot-tall water tower in Gaffney, South Carolina, painted to look like a peach, is seen through the Tesla's window.
It was a long drive. I was on the road 11 hours that day, including two charging stops of roughly 40 minutes each. All our stops -- except, maybe, Waffle House -- were for pure necessity. And, maybe that one stop in South Carolina to take a picture with the giant peach. Our second stop was in a hotel parking lot and we walked five minutes to get lunch at a Whole Foods.
One thing that surprised me during my electric road trip was how often I found myself looking for gas stations. We didn't need gas, of course, but we still needed all the other things gas stations offered, like bathrooms, beverages and cheap snacks.
One other thing that surprised me: Whenever we stopped at a Supercharger, I would see all the other Tesla drivers just sitting in their cars. There were rarely any easily accessible bathrooms or places to buy sodas or beef jerky. So where else would they go?
Seems like a business opportunity to me. Someone could be filling up more than just batteries at these stops.

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https://www.cnn.com/2019/07/25/success/tesla-model-s-electric-car-road-trip/index.html

2019-07-25 11:12:00Z
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Tesla Tech Chief’s Exit Is Latest High-Profile Departure - The Wall Street Journal

JB Straubel, center, seen alongside Elon Musk and Panasonic’s Yoshi Yamada, is leaving Tesla. Photo: joseph white/Reuters

The departure of one of Tesla Inc. TSLA 1.81% ’s top executives, the latest in series from the company, marks one of the highest-profile exits from the electric-auto maker in its 16-year existence.

Chief Executive Elon Musk said JB Straubel, who helped create the company and has served as Tesla’s chief technology officer since 2005, would vacate the post and take on a senior advisory role. His responsibilities as technology chief are being taken over by Drew Baglino, another longtime Tesla executive, Mr. Musk told analysts Wednesday.

Mr. Baglino in recent weeks had taken on a higher-profile role within Tesla, triggering speculation among company observers that Mr. Straubel might be leaving.

The departure of the 43-year-old Mr. Straubel follows a string of other high-profile exits at Tesla in the past few years as the company struggled to bring its Model 3 compact car to market.

In January, Tesla surprised investors when it announced during another earnings call that longtime Chief Financial Officer Deepak Ahuja was leaving the company.

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Mr. Straubel outlasted Martin Eberhard, another founder of Tesla. Mr. Eberhard ran Tesla in the early years, before being ousted in 2007 and eventually replaced as chief executive by Mr. Musk, who had helped fund the startup.

Piper Jaffray analyst Alexander Potter called Mr. Straubel “probably the second-most-important person” at Tesla and said his departure is likely to rattle investors.

Tesla shares fell in after-hours trading on Wednesday after the company reported a bigger-than-expected second-quarter loss.

Gene Berdichevsky, an early Tesla employee who later co-founded a battery technology company called Sila Nanotechnologies Inc., said “there would be no Tesla as it is today without JB.”

Mr. Straubel made the decision to step down on his own as the company is maturing into a phase that needs more operational focus while he seems happiest working on new projects, said a person familiar with the situation.

“I’m not disappearing and I just want to make sure that people understand that this is not some lack of confidence in the company or the team,” Mr. Straubel told analysts.

Tesla has a long history of executive turnover. Co-founder Marc Tarpenning left ahead of Roadster production in 2008, vice president of vehicle engineering Peter Rawlinson departed ahead of Model S production in 2012, and former engineering chief Doug Field left as the Model 3 was ramped up in 2018.

The one constant has been a small group of core executives who have counseled Mr. Musk. Mr. Straubel was in that circle.

Mr. Straubel was deeply involved in the development of the battery pack that powered the first Tesla vehicle, the two-seat Roadster. The battery architecture that the team designed, stringing together thousands of battery cells and avoiding them overheating or catching fire, was one of Tesla’s technological breakthroughs.

Mr. Straubel later helped develop the Model S sedan, the company’s bid to compete against mainstream luxury cars, and set up the network of charging stations through which Tesla was able to convince buyers that an electric car could be practical for a round trip. He then worked on several battery projects for Tesla.

Mr. Musk praised Mr. Straubel during the analysts call, crediting him for “his fundamental role in creating and building Tesla.”

Write to Tim Higgins at Tim.Higgins@WSJ.com

Copyright ©2019 Dow Jones & Company, Inc. All Rights Reserved. 87990cbe856818d5eddac44c7b1cdeb8

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https://www.wsj.com/articles/tesla-tech-chiefs-exit-is-latest-high-profile-departure-11564052982

2019-07-25 11:09:00Z
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Nissan will cut 12,500 jobs after its profits plunged 99% - CNN

Japan's second biggest automaker on Thursday said profits were almost completely wiped out in the first quarter of its fiscal year. Operating profit plunged 99% in the quarter compared to a year earlier.
Revenue, meanwhile, dropped nearly 13% compared to a year ago.
Nissan (NSANF) said it will slash roughly 12,500 jobs from its workforce worldwide. That's more than twice as many as the company was reportedly expecting to cut in May.
The company added it will reduce its product lineup by at least 10% by the end of fiscal year 2022.
"This is a crude description, but loss-making overseas facilities would be the main targets," CEO Hiroto Saikawa said during Thursday's earnings presentation. He also revealed that the company had already suspended manufacturing lines in Indonesia and Spain.
Saikawa declined to specify other locations that will be affected by the cuts. Earlier this year Nissan ended the production of two luxury vehicles in the United Kingdom, dealing yet another blow to an industry that has been rocked by weak sales and fears over Brexit.
The global auto industry has the worst kind of problems
Nissan, like other global carmakers, faces severe challenges. A sluggish global economy has hurt sales, and the US-China trade war remains a big risk for manufacturers. New emission standards, driven in part by the climate crisis, have also disrupted the industry.
But Nissan has also been grappling with problems of its own. It has been losing market share in the United States and Europe. In the first quarter, for example, the company sold 351,000 units in the United States, giving it 7.9% of the market. It had 8.1% a year earlier.
Nissan sales in Europe, including Russia, fell more than 16% in the quarter compared to a year ago.
The company is also still trying to move on from the dramatic arrest last year of former chairman Carlos Ghosn, whose legal troubles in Tokyo are far from over.
Though he has denied the charges against him, Ghosn's indictments have placed enormous strain on the alliance he created between Nissan, Renault (RNLSY) and Mitsubishi Motors. All three companies have renewed their commitment to the partnership, but the tensions have not gone away.

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https://www.cnn.com/2019/07/25/business/nissan-job-cuts-earnings/index.html

2019-07-25 09:59:00Z
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The end of tech's laissez-faire era - Axios

Illustration of a lawyer's hand reaching out to logos of Amazon, Google, Facebook
Illustration: Sarah Grillo/Axios

This week's series of big government moves against big tech platforms dropped a curtain on the era of hands-off regulatory policy that shaped the firms.

Why it matters: A generation of firms led by Google and Facebook that grew rich and powerful while the Feds stayed out of their way must now adjust to government action as a way of life. Meanwhile, legislators and regulators will have to figure out how to protect the public while preserving the industry's vitality and creativity.

Driving the news:

  • On Wednesday, Facebook announced settlements with the FTC to end a long-running consumer privacy investigation and a separate deal with the SEC over disclosure issues.
  • On Wednesday afternoon, though, Facebook revealed that it was notified in June about a fresh probe from the FTC's antitrust unit, said to be focused on the company's core social networking business.
  • All that comes just a day after the Justice Department announced its own antitrust probe into Big Tech that appears to be aimed at Amazon, Google and Facebook.
  • Meanwhile, the Justice Department is reportedly poised to OK the T-Mobile-Sprint deal with the proviso that the combined company sell spectrum and its Boost prepaid brand to Dish Network.

The big picture: These moves have multiplied as the result of a rare convergence of bipartisan discontent with Big Tech.

  • Democrats used to love tech's innovation and idealism, and Republicans used to believe in leaving business alone.
  • Now the script has flipped for both.
  • Today, Democrats distrust the rising power of privacy-wrecking surveillance capitalism, and Republicans feel that tech platforms are biased against their conservative politics.

Yes, but: Inquiries and settlements are one thing and changing behavior is quite another. Critics say the FTC deal with Facebook doesn't substantively change the way the company does business, nor is even a $5 billion fine a significant deterrent, given how much Facebook profits from its practices.

  • Some, including recently the New York Times' Charlie Warzel, argue that the current U.S. regulatory regime just isn't equipped to handle modern tech companies and that a new agency is needed.
  • In other circles, insiders are beginning to talk about the prospect of a broad new Telecommunications Act-like law that would wrap privacy and data ownership rules, antitrust safeguards, and content regulations into one big package.
  • Since the current Congress hasn't even been able to get a bill focused only on privacy moving, either of these scenarios would have to play out on a long horizon.

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https://www.axios.com/the-end-of-techs-laissez-faire-era-ba555332-1f17-4c33-91d1-ed4d10264ea2.html

2019-07-25 09:32:00Z
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Nissan will cut 12,500 jobs as its profits are wiped out - CNN

Japan's second biggest automaker on Thursday said profits were almost completely wiped out in the first quarter of its fiscal year. Operating profit plunged 99% in the quarter compared to a year earlier.
Revenue, meanwhile, dropped nearly 13% compared to a year ago.
Nissan (NSANF) said it will slash roughly 12,500 jobs from its workforce worldwide. That's more than twice as many as the company was reportedly expecting to cut in May.
The company added it will reduce its product lineup by at least 10% by the end of fiscal year 2022.
The global auto industry has the worst kind of problems
Nissan, like other global carmakers, faces severe challenges. A sluggish global economy has hurt sales, and the US-China trade war remains a big risk for manufacturers. New emission standards, driven in part by the climate crisis, have also disrupted the industry.
But Nissan has also been grappling with problems of its own. It has been losing market share in the United States and Europe, and it's still trying to move on from the dramatic arrest last year of former chairman Carlos Ghosn, whose legal troubles in Tokyo are far from over.
Though he has denied the charges against him, Ghosn's indictments have placed enormous strain on the alliance he created between Nissan, Renault (RNLSY) and Mitsubishi Motors. All three companies have renewed their commitment to the partnership, but the tensions have not gone away.
This story will be updated.

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https://www.cnn.com/2019/07/25/business/nissan-job-cuts-earnings/index.html

2019-07-25 07:20:00Z
52780339300195

Rabu, 24 Juli 2019

AT&T Earnings Meet Expectations As Pay-TV, Internet-TV Losses Continue - Investor's Business Daily

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  1. AT&T Earnings Meet Expectations As Pay-TV, Internet-TV Losses Continue  Investor's Business Daily
  2. WarnerMedia HBO Max Reveal Date Set; Live Sports, News Confirmed As Elements – Update  Deadline
  3. Cord-Cutting Hits AT&T Again While Wireless, Media Grow  The Wall Street Journal
  4. AT&T’s DIRECTV NOW Lost 168,000 Subscribers in The 2nd Quarter of 2019  Cord Cutters News, LLC
  5. AT&T's Second-Quarter Earnings Match Analysts' Forecasts  TheStreet.com
  6. View full coverage on Google News

https://www.investors.com/news/technology/att-earnings-t-stock-q22019/

2019-07-24 15:11:15Z
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Boeing Earnings Actually Beat As Analysts Ignore 737 Max Costs; Boeing Stock Falls - Investor's Business Daily

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  1. Boeing Earnings Actually Beat As Analysts Ignore 737 Max Costs; Boeing Stock Falls  Investor's Business Daily
  2. Boeing Posts A Loss And Big Drop In Sales As 737 Max Stays Grounded  NPR
  3. US GDP taking a hit from Boeing 737 Max groundings  Fox Business
  4. Consumer advocate Ralph Nader says Boeing 737 Max should never fly again  CNBC
  5. How Boeing's 737 Max Crisis Is Hurting US GDP Growth  Investopedia
  6. View full coverage on Google News

https://www.investors.com/news/boeing-earnings-q2-2019-boeing-stock/

2019-07-24 15:05:34Z
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