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les to customers in the second quarter, where it predicted that an estima
ted loss would be “significantly” less than the $702 million lost in the first quarter.
The company delivered about 63,000 vehicles in the first quarter.
The gross profit margin on the Model 3 – a focus for investors – remained steady at 20 percent.
Tesla also announced it would start offering its own ins
urance product in about a month to better reflect the safety of its vehicles.
Tesla reported net loss attributable to common shareholders of $702.1 million, or $4.10 p
er share, in the first quarter ended March 31, compared with a loss of $709.6 million, or $4.19 per share, a year earlier.
Excluding some items, Tesla lost $1.77 per share, compared with
Wall Street expectations of a loss of 69 cents, according to data from Refinitiv.
ad conditions. Test results under different road conditions are supposed to reflec
t the adaptability and technical mobility of the autonomous driving technology.
Expected to be one of the most important autonomous vehicle mark
ets by accounting group KPMG early this year, China has conducted road tests in a raft of its m
unicipalities and provinces, including Beijing, Shanghai, Chongqing and Guangdong.
As China’s center of scientific and technological innovation, Beijing has been a pioneer in developing self-driving technology.
The country’s first self-driving road test report notes that the capital is scheduled to scale up tests. It cites a plan that aims to have te
st areas of 500 square kilometers and 2,000 km of open roads for testing intelligent-connected vehicles by 2022.
Data show that since February 2018, Beijing has opened 44 roads, totaling 123 km for road tests.
As of the end of 2018, the capital had 54 registered autonom
ous-driving vehicles, accounting for more than 50 percent of the total nationwide.
South Korea, according to the Ministry of Environment.
In theory, all waste produced in the country is handled in one of three ways: it is either rec
ycled, processed into fuel, or incinerated. But a series of events in recent years have disrupted this system.
In 2017, a surge in smog levels prompted the governmen
t to tighten regulations on waste-to-energy plants and waste incineration facilities which wer
e blamed for belching out polluting fumes, says Sung Nak-kuen of the Korea Waste Association.
Consequently, the number of incineration facilities fell from
611 in 2011 to 395 last year. And with the waste-to-energy plants feeling the squeeze, dem
and for solid recovered fuel — non-recyclable plastic and paper burned for heat and energy — has collapsed.
But in late 2017, China banned the import of 24 types
of solid waste, including paper and plastic, extending it in April last year to include dozens more type
s of recyclable materials, including steel waste, used auto parts and old ships.
Exports of plastic waste from South Korea to China fell by ove
r 90%, according to the Korea International Trade Association. Trash overflowed on the
streets of Seoul as the waste management companies refused to collect it.