Today: 19.07.2018
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Elon Musk blames robots for delays on Tesla’s Model 3.

The problem with Tesla’s Model 3 assembly line? Too many robots. Elon Musk admitted that production snags for Tesla’s mass-market Model 3 electric car are partly the result of “excessive automation” at the company’s Fremont, Calif., factory. “Yes, excessive automation at Tesla was a mistake,” Musk tweeted Friday afternoon. “To be precise, my mistake. Humans...
Time: 22:37     Date: 13.04.2018
Last US Business News: Elon Musk blames robots for delays on Tesla’s Model 3. NY Post 24 - US News

Elon Musk admitted that production snags for Tesla’s mass-market Model 3 electric car are partly the result of “excessive automation” at the company’s Fremont, Calif., factory.

“Yes, excessive automation at Tesla was a mistake,” Musk tweeted Friday afternoon. “To be precise, my mistake. Humans are underrated.”

That was after Musk confirmed reports that a crowd of robots was partly to blame for the sputtering production of the Model 3, which recently hit only about half the clip of 5,000 cars a week Musk had promised.

“We had this crazy, complex network of conveyor belts,” Musk added in an interview with CBS This Morning that aired on Friday. “And it was not working, so we got rid of that whole thing.” Musk — who recently took direct control of the Model 3 division from Doug Field, a senior vice president of engineering and former Apple executive — didn’t give details on how he planned to fix the problem.

The tech billionaire did admit he’s been working and sleeping at the factory around the clock lately.

Despite the headwinds, Musk took to Twitter earlier on Friday to declare that Tesla will be profitable in the third and fourth quarters of this year and will not have to raise additional funds from investors.

That was in response to a story in The Economist that cited estimates that Tesla would need $2.5 billion to $3 billion in additional funding in 2018.

“The Economist used to be boring, but smart with a wicked dry wit. Now it’s just boring (sigh),” Musk tweeted. “Tesla will be profitable & cash flow+ in Q3 & Q4, so obv no need to raise money.”

Tesla shares, which have gained nearly 10 percent since disclosing the Model 3 production numbers on April 3, gained 2.1 percent Friday, closing at $300.34.

Wall Street brokerage Jefferies said last week it expects risk to remain high for Tesla until it can consistently produce 10,000 Model 3’s a week.

Business

Last US Business News: Airbus’ Beluga XL ‘whale in the sky’ takes flight for first time. NY Post 24 - US News
Airbus’ Beluga XL ‘whale in the sky’ takes flight for first time.
There’s still no word on whether pigs can fly but you aren’t going crazy if you spot a whale soaring past your...
Last US Business News: Trump gripes about Fed in rare rebuke by sitting president. NY Post 24 - US News
Trump gripes about Fed in rare rebuke by sitting president.
President Donald Trump trashed the Federal Reserve on Thursday for raising interest rates — moves that he said could damage...
Last US Business News: Wells Fargo said to be refunding charges for add-on products. NY Post 24 - US News
Wells Fargo said to be refunding charges for add-on products.
Wells Fargo is in the process of refunding millions of dollars to customers for adding services to their accounts without...
Last US Business News: Jeff Zucker to take six-week heart surgery leave from CNN. NY Post 24 - US News
Jeff Zucker to take six-week heart surgery leave from CNN.
CNN boss Jeff Zucker will take a six-week leave from the company to deal with heart surgery. CNN confirmed the details provided...

Opinion

Last US News - Opinion: Zuckerberg’s wacky defense of Holocaust deniers and other comments. NY Post 24 - US News
Zuckerberg’s wacky defense of Holocaust deniers and other comments.
Bill Browder: Putin’s Big Mistake in Trying To Get Me Vladmir Putin offered to let US investigators question the 12 Russian...
Last US News - Opinion: The next phase in America’s War on Poverty. NY Post 24 - US News
The next phase in America’s War on Poverty.
“Based on historical standards of material well-being and the terms of engagement, our War on Poverty is largely over...
Last US News - Opinion: If state DOT can take down flag, it can remove Cuomo’s illegal highway signs. NY Post 24 - US News
If state DOT can take down flag, it can remove Cuomo’s illegal highway signs.
Geniuses at the state Department of Transportation found a novel way to deal with complaints that the American flag wasn’t...
Last US News - Opinion: De Blasio’s cover-up for his corrections commissioner just got exposed. NY Post 24 - US News
De Blasio’s cover-up for his corrections commissioner just got exposed.
Mayor de Blasio has always resisted firing incompetent or ethically challenged commissioners. Now it turns out that in one...
Last US News - Opinion: City Council’s new gift to the hotel industry will strangle tenants. NY Post 24 - US News
City Council’s new gift to the hotel industry will strangle tenants.
If you want to see why struggling tenants will hate the pro-hotel, anti-Airbnb bill the City Council passed Wednesday, consider...

Living

US Living News: Elite webcam girl makes $1,300 a day from her bedroom. NY Post 24 - US News
Elite webcam girl makes $1,300 a day from her bedroom.
A cash-flush Brit says she can make “up to $1,300 a day” getting naked live on her webcam. Amber Kelly, 30, works as...
US Living News: Burberry burned $36.5M of unsold clothes last year. NY Post 24 - US News
Burberry burned $36.5M of unsold clothes last year.
Designer fashion label Burberry burned more than $36.5 million worth of clothes in 2017, it has been reported. The upmarket...
US Living News: Archenemies Starbucks and McDonald’s team up on sustainable cup. NY Post 24 - US News
Archenemies Starbucks and McDonald’s team up on sustainable cup.
While the two multibillion-dollar companies are usually at odds with each other, they are pairing up for the sake of the...
US Living News: Frozen strawberries infect 13 with hepatitis A in Sweden. NY Post 24 - US News
Frozen strawberries infect 13 with hepatitis A in Sweden.
Health officials have warned that 13 people were infected with hepatitis A after eating frozen strawberries. The outbreak...
US Living News: The government has no idea how many gig workers there are. NY Post 24 - US News
The government has no idea how many gig workers there are.
Antoinette Kunda wasn’t always rushing to make deliveries for strangers and pick up riders. Prior to the Great Recession,...
US Living News: The Great Barrier Reef isn’t coming back from the dead. NY Post 24 - US News
The Great Barrier Reef isn’t coming back from the dead.
Australia’s iconic Great Barrier Reef could be in more trouble than we thought. New research carried out by scientists...
US Living News: Millennial homeowners are making a big mistake. NY Post 24 - US News
Millennial homeowners are making a big mistake.
This is one point financial experts want to drive home. More millennials are buying homes as the economy rebounds. Now, more...
US Living News: Remains found of African-Americans forced into labor. NY Post 24 - US News
Remains found of African-Americans forced into labor.
The bodies of nearly 100 people found at a school construction site in Sugar Land, Texas, have been determined to be the...

Business

Last US Business News: Airbus’ Beluga XL ‘whale in the sky’ takes flight for first time. NY Post 24 - US News
Airbus’ Beluga XL ‘whale in the sky’ takes flight for first time.
There’s still no word on whether pigs can fly but you aren’t going crazy if you spot a whale soaring past your...
Last US Business News: Trump gripes about Fed in rare rebuke by sitting president. NY Post 24 - US News
Trump gripes about Fed in rare rebuke by sitting president.
President Donald Trump trashed the Federal Reserve on Thursday for raising interest rates — moves that he said could damage...
Last US Business News: Wells Fargo said to be refunding charges for add-on products. NY Post 24 - US News
Wells Fargo said to be refunding charges for add-on products.
Wells Fargo is in the process of refunding millions of dollars to customers for adding services to their accounts without...
Last US Business News: Jeff Zucker to take six-week heart surgery leave from CNN. NY Post 24 - US News
Jeff Zucker to take six-week heart surgery leave from CNN.
CNN boss Jeff Zucker will take a six-week leave from the company to deal with heart surgery. CNN confirmed the details provided...
Last US Business News: Ford recalls half a million potential roll-away vehicles. NY Post 24 - US News
Ford recalls half a million potential roll-away vehicles.
Ford said Wednesday it’s recalling approximately 550,000 sedans and SUVs in North America, saying a problem with the gear...
Last US Business News: FCC action roils prospects of Sinclair’s merger with Tribune. NY Post 24 - US News
FCC action roils prospects of Sinclair’s merger with Tribune.
There will be no quick fix for Sinclair Broadcast Group’s proposed $6.6 billion acquisition of Tribune Media. The FCC on...
Last US Business News: Comcast drops out of Fox bidding war, will focus on Sky. NY Post 24 - US News
Comcast drops out of Fox bidding war, will focus on Sky.
Comcast has dropped its pursuit of a group of media assets owned by Twenty-First Century Fox on which it was bidding against...
Last US Business News: Powell’s optimism could mean higher interest rates. NY Post 24 - US News
Powell’s optimism could mean higher interest rates.
Federal Reserve Chairman Jerome H. Powell told Congress this week that the economy is growing “considerably stronger.”...

Metro

Metro News: Perverted peace officer’s victim slams him during sentencing. NY Post 24 - US News
Perverted peace officer’s victim slams him during sentencing.
A Manhattan woman who was handcuffed and sexually assaulted by a deviant peace officer inside a government building blasted...
Metro News: Another NYPD cop sues over Legionnaires’ disease. NY Post 24 - US News
Another NYPD cop sues over Legionnaires’ disease.
A second NYPD cop is suing the city after contracting Legionnaires’ disease at the East Harlem station house where he worked....
Metro News: City ferry service stopped at Greenpoint over pier damage. NY Post 24 - US News
City ferry service stopped at Greenpoint over pier damage.
The city ferry service abruptly stopped running to Greenpoint on Thursday because of damage to a pier that partially collapsed...
Metro News: Teen pens emotional letter to sister who died during band practice. NY Post 24 - US News
Teen pens emotional letter to sister who died during band practice.
The sister of a teen who died suddenly in front of about 90 of her fellow students at a Long Island high school penned an...
Metro News: Fired building superintendent accused of killing his replacement. NY Post 24 - US News
Fired building superintendent accused of killing his replacement.
A fired Brooklyn building superintendent was so angry over getting the boot that he strangled the man who replaced him —...
Metro News: Cuomo tries again to distance himself from corruption scandal. NY Post 24 - US News
Cuomo tries again to distance himself from corruption scandal.
It’s not me, just everyone around me. Gov. Andrew Cuomo once again tried to distance himself once again from the corruption...
Metro News: Asbestos spewed into air after steam-pipe explosion. NY Post 24 - US News
Asbestos spewed into air after steam-pipe explosion.
A steam-pipe explosion sent asbestos spewing from a crater in Manhattan’s Flatiron District, Mayor Bill de Blasio revealed...
Metro News: Gang member convicted in killing of Cuomo aide. NY Post 24 - US News
Gang member convicted in killing of Cuomo aide.
A Brooklyn man was convicted of manslaughter Thursday for his role in the gang fight that killed a former aide to Gov. Andrew...

Sport

Last US Sport News: Carmelo Anthony traded and dumped and nearly free. NY Post 24 - US News
Carmelo Anthony traded and dumped and nearly free.
Carmelo Anthony has — officially — been evicted from Oklahoma City. The Thunder traded Anthony, along with a...
Last US Sport News: Noah Syndergaard has a trade-deadline plea for Mets. NY Post 24 - US News
Noah Syndergaard has a trade-deadline plea for Mets.
WAYNE, N.J. — Noah Syndergaard knows that he will be getting the ball in The Bronx for the first time in his career...
Last US Sport News: Accused cheater couldn’t stay quiet long at British Open. NY Post 24 - US News
Accused cheater couldn’t stay quiet long at British Open.
CARNOUSTIE, Scotland — Sung Kang played himself into early British Open contention Thursday, when he posted a 2-under...
Last US Sport News: Suddenly the Knicks’ Kevin Knox pick looks even better. NY Post 24 - US News
Suddenly the Knicks’ Kevin Knox pick looks even better.
Knicks fans should be thrilled the organization’s higher-ups didn’t listen to them. On draft night, they were chanting...
Last US Sport News: Danny Amendola sounds so happy to be done with Belichick. NY Post 24 - US News
Danny Amendola sounds so happy to be done with Belichick.
Danny Amendola shouldn’t be looking for a tribute video in his return to Foxborough. For the second time since leaving...