Author: Vitaliy Dadalyan

Tesla paused Model 3 production for planned upgrade in Feb

Tesla paused Model 3 production for planned upgrade in Feb

Tesla said the planned pause was normal and common for increases in output when a company is ramping up a new product. Last month, Tesla said in a shareholder note that it continues to target weekly Model 3 production rates of 2,500 by the end of the first quarter and 5,000 by the end of the second quarter. "We are taking many actions to systematically address bottlenecks and add capacity in places like the battery module line where we have experienced constraints, and these actions should result in our production rate significantly increasing during the rest of (the first quarter) and through (the second quarter)," the company said in the note to shareholders.


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Dropbox sees IPO price between $16 and $18 per share

Dropbox expects its debut price to be between $16 and $18 per share, the company said in a filing. The San Francisco-based company, which started as a free service to share and store photos, music and other large files, competes with much larger technology firms such as Alphabet Inc's Google, Microsoft Corp and Amazon.com Inc as well as cloud-storage rival Box Inc. In its regulatory filing with the Securities and Exchange Commission, Dropbox reported 2017 revenue of $1.11 billion, up 31 percent from $844.8 million, a year earlier.


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