Tesla misses big on first-quarter earnings as demand fell for its electric cars

Tesla reported a wider-than-expected loss and less revenue than anticipated during the first quarter as demand for its electric cars waned after the company lost a valuable tax credit for buyers on Jan. 1. Executives braced investors for another loss in the second quarter before returning to profitability in the second half of the year. Its shares, which closed down by about 2 percent Wednesday, were about flat after the markets closed. The company previously warned that first-quarter income wil


Tesla reported a wider-than-expected loss and less revenue than anticipated during the first quarter as demand for its electric cars waned after the company lost a valuable tax credit for buyers on Jan. 1. Executives braced investors for another loss in the second quarter before returning to profitability in the second half of the year. Its shares, which closed down by about 2 percent Wednesday, were about flat after the markets closed. The company previously warned that first-quarter income wil
Tesla misses big on first-quarter earnings as demand fell for its electric cars Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-04-24  Authors: lora kolodny, dawn kopecki, mike blake, james glover ii
Keywords: news, cnbc, companies, versus, fell, share, second, million, cars, reported, firstquarter, big, expected, tesla, loss, lost, quarter, electric, earnings, demand, misses


Tesla misses big on first-quarter earnings as demand fell for its electric cars

Tesla reported a wider-than-expected loss and less revenue than anticipated during the first quarter as demand for its electric cars waned after the company lost a valuable tax credit for buyers on Jan. 1.

Executives braced investors for another loss in the second quarter before returning to profitability in the second half of the year.

Here’s what Tesla reported, versus what analysts expected based on average estimates compiles by Refinitiv:

Loss per share on an adjusted basis: $2.90 versus 69 cents expected

Revenue: $4.54 billion versus $5.19 billion expected

On an unadjusted basis, Tesla lost $702.1 million, or $4.10 a share during the quarter ended March 31, compared with a loss of $709.6 million, or $4.19 a share during the same period last year.

Its shares, which closed down by about 2 percent Wednesday, were about flat after the markets closed.

The company previously warned that first-quarter income will “be negatively impacted” because of “lower than expected delivery volumes and several pricing adjustments.” Tesla said earlier this month it delivered 63,000 cars during the quarter, well below analysts’ consensus estimates of 76,000.


Company: cnbc, Activity: cnbc, Date: 2019-04-24  Authors: lora kolodny, dawn kopecki, mike blake, james glover ii
Keywords: news, cnbc, companies, versus, fell, share, second, million, cars, reported, firstquarter, big, expected, tesla, loss, lost, quarter, electric, earnings, demand, misses


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GM wanted too much from EV start-up Rivian, opening door for Ford’s $500 million investment

The Rivian platform will be used for a different product line, said Joe Hinrichs, Ford’s president of automotive operations. Industry analysts say the Rivian platform could eventually be used for other electric vehicles at Ford to help maximize economies of scale. But there is at least one obstacle that could limit future applications, said Brinley, of IHS Markit, the potential capacity of Rivian’s assembly plant. The start-up last year acquired the old Mitsubishi assembly plant in Normal, Illin


The Rivian platform will be used for a different product line, said Joe Hinrichs, Ford’s president of automotive operations. Industry analysts say the Rivian platform could eventually be used for other electric vehicles at Ford to help maximize economies of scale. But there is at least one obstacle that could limit future applications, said Brinley, of IHS Markit, the potential capacity of Rivian’s assembly plant. The start-up last year acquired the old Mitsubishi assembly plant in Normal, Illin
GM wanted too much from EV start-up Rivian, opening door for Ford’s $500 million investment Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-04-24  Authors: paul a eisenstein, adam jeffery, source, paul eisenstein cnbc
Keywords: news, cnbc, companies, gm, door, assembly, working, vehicle, platform, wanted, investment, fords, vehicles, ev, plant, ford, products, opening, electric, startup, million, rivian


GM wanted too much from EV start-up Rivian, opening door for Ford's $500 million investment

The first generation of Ford’s electrified vehicles, which includes full battery power and hybrids, sacrificed passenger and cargo space to make room for batteries and other components. That is a problem that the automaker aims to address as it gets ready to roll out a second generation of products that also will deliver more than 200 miles in range, or at least double what products like the current Ford Focus EV can manage between charges.

“Ford is going to use Rivian’s flexible skateboard platform to develop an all-new, next-generation battery-electric vehicle,” Hackett told reporters.

But neither he nor other Ford and Rivian officials would discuss specifically what sort of vehicle they are working on. They noted that Ford is already well along in the development of a high-performance electric SUV that is set to debut next year, as well as an all-electric version of the popular Ford F-150 pickup.

The Rivian platform will be used for a different product line, said Joe Hinrichs, Ford’s president of automotive operations. Industry analysts say the Rivian platform could eventually be used for other electric vehicles at Ford to help maximize economies of scale. But there is at least one obstacle that could limit future applications, said Brinley, of IHS Markit, the potential capacity of Rivian’s assembly plant.

The start-up last year acquired the old Mitsubishi assembly plant in Normal, Illinois. The facility has a production capacity of about 250,000 vehicles — or platforms — annually, according to Scaringe. Rivian itself is hoping to sell between 70,000 and 80,000 of its R1T and R1S models annually, and it is working up additional products that could eat up even more of that capacity.

Rivian is also developing vehicles for Amazon. It announced a separate, $700 million investment deal in February with a consortium led by the online retailer. Specific plans have not been revealed, but the electric car maker is believed to be working on some sort of delivery truck for Amazon, said Sam Abuelsamid, an analyst at Navigant Research. And they could use autonomous driving technology developed by two self-driving start-ups Amazon has also invested in.

Rivian will use its Normal plant to produce the platforms Ford plans to use. They will then be shipped to a Ford assembly plant for the rest of the assembly process — though the Detroit automaker did not offer further details. But the number of skateboard vehicle frames available to Ford could be limited unless Rivian expands capacity or lets Ford produce them elsewhere, analysts said.


Company: cnbc, Activity: cnbc, Date: 2019-04-24  Authors: paul a eisenstein, adam jeffery, source, paul eisenstein cnbc
Keywords: news, cnbc, companies, gm, door, assembly, working, vehicle, platform, wanted, investment, fords, vehicles, ev, plant, ford, products, opening, electric, startup, million, rivian


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Ford invests $500 million in electric truck maker Rivian

Ford said Wednesday it has invested $500 million in electric truck maker Rivian to build a new battery-powered electric vehicle for the Detroit manufacturer. The news comes just months after Rivian revealed two new products, an all-electric pickup and SUV, that analysts say could rival established truck manufacturers like General Motors and Ford. Industry executives even see it as real competition for electric car maker Tesla and its SUV and new crossover — the Model X and Model Y.


Ford said Wednesday it has invested $500 million in electric truck maker Rivian to build a new battery-powered electric vehicle for the Detroit manufacturer. The news comes just months after Rivian revealed two new products, an all-electric pickup and SUV, that analysts say could rival established truck manufacturers like General Motors and Ford. Industry executives even see it as real competition for electric car maker Tesla and its SUV and new crossover — the Model X and Model Y.
Ford invests $500 million in electric truck maker Rivian Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-04-24  Authors: emma newburger, source, adam jeffery, ford motor co
Keywords: news, cnbc, companies, maker, rivian, electric, invests, million, ford, suv, vehicle, truck, model, 500


Ford invests $500 million in electric truck maker Rivian

Ford said Wednesday it has invested $500 million in electric truck maker Rivian to build a new battery-powered electric vehicle for the Detroit manufacturer.

The news comes just months after Rivian revealed two new products, an all-electric pickup and SUV, that analysts say could rival established truck manufacturers like General Motors and Ford. Industry executives even see it as real competition for electric car maker Tesla and its SUV and new crossover — the Model X and Model Y.


Company: cnbc, Activity: cnbc, Date: 2019-04-24  Authors: emma newburger, source, adam jeffery, ford motor co
Keywords: news, cnbc, companies, maker, rivian, electric, invests, million, ford, suv, vehicle, truck, model, 500


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NY auto show previews Tesla’s competition with more than 40 electric cars

It wouldn’t be much of a stretch to call this year’s New York International Auto Show “electrifying,” not when you consider that more than 40 vehicles using some form of electric power are on display at the Jacob Javits convention center. That includes not only conventional hybrids such as the Toyota Prius, but a long list of more advanced technologies, including plug-in hybrids and pure battery-electric vehicles. And automakers as diverse as Ford, Hyundai and Daimler AG announced plans to roll


It wouldn’t be much of a stretch to call this year’s New York International Auto Show “electrifying,” not when you consider that more than 40 vehicles using some form of electric power are on display at the Jacob Javits convention center. That includes not only conventional hybrids such as the Toyota Prius, but a long list of more advanced technologies, including plug-in hybrids and pure battery-electric vehicles. And automakers as diverse as Ford, Hyundai and Daimler AG announced plans to roll
NY auto show previews Tesla’s competition with more than 40 electric cars Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-04-23  Authors: paul a eisenstein, adam jeffery, anadolu agency, getty images, tesla via reuters, bloomberg, source
Keywords: news, cnbc, companies, hybrids, using, theres, previews, yearsthe, teslas, auto, toyota, ny, vehicles, tremendous, 40, electric, wouldnt, york, trade, competition, cars


NY auto show previews Tesla's competition with more than 40 electric cars

It wouldn’t be much of a stretch to call this year’s New York International Auto Show “electrifying,” not when you consider that more than 40 vehicles using some form of electric power are on display at the Jacob Javits convention center.

That includes not only conventional hybrids such as the Toyota Prius, but a long list of more advanced technologies, including plug-in hybrids and pure battery-electric vehicles. And automakers as diverse as Ford, Hyundai and Daimler AG announced plans to roll out dozens more of those plug-based models over the next several years.

“The industry is going through tremendous change, and there’s no better example of that than the number of electrified vehicles now coming to market,” said Mark Schienberg, head of the Greater New York Automobile Dealers Association, the trade group that organizes the annual show in New York that runs through Sunday.


Company: cnbc, Activity: cnbc, Date: 2019-04-23  Authors: paul a eisenstein, adam jeffery, anadolu agency, getty images, tesla via reuters, bloomberg, source
Keywords: news, cnbc, companies, hybrids, using, theres, previews, yearsthe, teslas, auto, toyota, ny, vehicles, tremendous, 40, electric, wouldnt, york, trade, competition, cars


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Tesla earnings in the spotlight as investors look for clues about demand, Model 3 margins

With Tesla set to release first-quarter results late Wednesday, investors want to know how much demand remains for its Model 3 electric sedans and whether they can be delivered profitably. Institutional investors are also wondering if Tesla will raise capital soon, as the company is still fighting to become a mainstream carmaker with a foothold in China, the world’s largest market for electric vehicles today. In October 2018, Tesla said its gross margins on the Model 3 were “more than 20%.” It u


With Tesla set to release first-quarter results late Wednesday, investors want to know how much demand remains for its Model 3 electric sedans and whether they can be delivered profitably. Institutional investors are also wondering if Tesla will raise capital soon, as the company is still fighting to become a mainstream carmaker with a foothold in China, the world’s largest market for electric vehicles today. In October 2018, Tesla said its gross margins on the Model 3 were “more than 20%.” It u
Tesla earnings in the spotlight as investors look for clues about demand, Model 3 margins Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-04-23  Authors: lora kolodny, getty images
Keywords: news, cnbc, companies, quarter, margins, electric, look, spotlight, sedans, cars, clues, late, tesla, company, vehicles, mode, investors, model, earnings, demand


Tesla earnings in the spotlight as investors look for clues about demand, Model 3 margins

With Tesla set to release first-quarter results late Wednesday, investors want to know how much demand remains for its Model 3 electric sedans and whether they can be delivered profitably. Institutional investors are also wondering if Tesla will raise capital soon, as the company is still fighting to become a mainstream carmaker with a foothold in China, the world’s largest market for electric vehicles today.

Among some of its recent challenges, sales of Tesla’s Model 3 lagged behind analysts’ expectations in the first three months of 2019, just as the company had to pay off around $1 billion in bond obligations and other deferred debts. To rein in spending, Tesla slowed production of its older Model S and X vehicles, laid off thousands of employees and closed what it said were underperforming stores.

In October 2018, Tesla said its gross margins on the Model 3 were “more than 20%.” But in the first quarter of this year, it dropped prices on the electric sedans, in part to make them accessible to buyers in the U.S., but especially in China. One of the big questions with Wednesday’s report will be how those price changes have affected margins.

CEO Elon Musk urged employees from all divisions to volunteer to deliver cars to customers before the end of the quarter, indicating that Tesla is still struggling with what the CEO called “delivery and logistics hell” in late 2018.

But the company also showed some forward motion during the quarter. It unveiled its long-anticipated Model Y crossover SUV and introduced a new V3 Supercharger to let Tesla drivers power up their cars a bit faster. It also delivered over-the-air software updates to cars, including Dog Mode and Sentry Mode, which delighted drivers.

Tesla is expected to post a loss of 69 cents per share on revenue of $5.2 billion, according to a consensus of analysts surveyed by Refinitiv.


Company: cnbc, Activity: cnbc, Date: 2019-04-23  Authors: lora kolodny, getty images
Keywords: news, cnbc, companies, quarter, margins, electric, look, spotlight, sedans, cars, clues, late, tesla, company, vehicles, mode, investors, model, earnings, demand


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Aston Martin debuts its first electric car—take a look at the Rapid E

Aston Martin, a luxury British car manufacturer, debuted its new and first all-electric production car, the Aston Martin Rapide E, at Shanghai Motor Show in Shanghai, China, on April 16. There will only be 155 units made, according to Aston Martin. Though the price is only available upon application to buy, according to the website, it’s expected to cost around $330,000, according to CNN. There are twin rear-mounted electric motors, which produce 612 horsepower. All that gives the car a max spee


Aston Martin, a luxury British car manufacturer, debuted its new and first all-electric production car, the Aston Martin Rapide E, at Shanghai Motor Show in Shanghai, China, on April 16. There will only be 155 units made, according to Aston Martin. Though the price is only available upon application to buy, according to the website, it’s expected to cost around $330,000, according to CNN. There are twin rear-mounted electric motors, which produce 612 horsepower. All that gives the car a max spee
Aston Martin debuts its first electric car—take a look at the Rapid E Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-04-18  Authors: jimmy im, bloomberg, getty images, aston martin
Keywords: news, cnbc, companies, car, martin, cartake, hour, according, look, shanghai, 155, miles, rapid, electric, rapide, zero, aston, debuts


Aston Martin debuts its first electric car—take a look at the Rapid E

Aston Martin, a luxury British car manufacturer, debuted its new and first all-electric production car, the Aston Martin Rapide E, at Shanghai Motor Show in Shanghai, China, on April 16. There will only be 155 units made, according to Aston Martin.

Though the price is only available upon application to buy, according to the website, it’s expected to cost around $330,000, according to CNN.

The four-door Rapide E has a 6-liter, V12-engine and is powered by an 800V battery (encased in a carbon fiber and Kevlar casing) with a 65kWh capacity. There are twin rear-mounted electric motors, which produce 612 horsepower. All that gives the car a max speed of 155 miles per hour, and it can go from zero to 60 miles per hour in four seconds.


Company: cnbc, Activity: cnbc, Date: 2019-04-18  Authors: jimmy im, bloomberg, getty images, aston martin
Keywords: news, cnbc, companies, car, martin, cartake, hour, according, look, shanghai, 155, miles, rapid, electric, rapide, zero, aston, debuts


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The $2.5 million Pininfarina Battista electric hypercar debuts in US

While other automakers packed the Javits Center for the New York International Auto Show, Automobili Pininfarina launched one of the week’s most exciting car debuts at an off-site event. The company’s new all-electric Battista hypercar produces a whopping 1,900 horsepower and reaches 60 miles per hour in under two seconds. That makes it the fastest street-legal car ever built by an automaker, even outrunning a Formula One race car to 60 mph. Pininfarina has previously said that a Battista will h


While other automakers packed the Javits Center for the New York International Auto Show, Automobili Pininfarina launched one of the week’s most exciting car debuts at an off-site event. The company’s new all-electric Battista hypercar produces a whopping 1,900 horsepower and reaches 60 miles per hour in under two seconds. That makes it the fastest street-legal car ever built by an automaker, even outrunning a Formula One race car to 60 mph. Pininfarina has previously said that a Battista will h
The $2.5 million Pininfarina Battista electric hypercar debuts in US Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-04-18  Authors: mack hogan, h o, automobili pininfarina
Keywords: news, cnbc, companies, car, hypercar, battista, 60, york, million, weeks, pininfarina, thrust, miles, electric, whopping, testarossa, targeting, 25, debuts


The $2.5 million Pininfarina Battista electric hypercar debuts in US

While other automakers packed the Javits Center for the New York International Auto Show, Automobili Pininfarina launched one of the week’s most exciting car debuts at an off-site event.

The company’s new all-electric Battista hypercar produces a whopping 1,900 horsepower and reaches 60 miles per hour in under two seconds. That makes it the fastest street-legal car ever built by an automaker, even outrunning a Formula One race car to 60 mph.

Pininfarina has previously said that a Battista will hit 180 mph in less time than an F-16 fighter jet. All of that thrust comes from electric motors that are fed by a 120 kWh battery and should be good for around 300 miles of range on a single charge.

The company — which has roots in the storied Italian design house that styled iconic cars like the Fiat 124, Maserati GranTurismo, Ferrari Testarossa and Alfa Romeo Spider — is targeting a 2020 release date for the Battista.


Company: cnbc, Activity: cnbc, Date: 2019-04-18  Authors: mack hogan, h o, automobili pininfarina
Keywords: news, cnbc, companies, car, hypercar, battista, 60, york, million, weeks, pininfarina, thrust, miles, electric, whopping, testarossa, targeting, 25, debuts


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Chinese electric sports car Qiantu K50 by Mullen coming to US roads next year

An estimated 40 battery-electric vehicles are on display at this week’s New York International Auto Show, and contrary to their popular image as slow and stodgy, many of them put an emphasis on performance, including the new Qiantu K50 by Mullen. With its twin electric motors drawing power from a lithium-ion battery pack, the K50 can punch out 430 horsepower and 560 pound-feet of torque, enough to launch it from 0 to 60 in just 4.3 seconds, with an electronically limited top speed of 112 mph. Al


An estimated 40 battery-electric vehicles are on display at this week’s New York International Auto Show, and contrary to their popular image as slow and stodgy, many of them put an emphasis on performance, including the new Qiantu K50 by Mullen. With its twin electric motors drawing power from a lithium-ion battery pack, the K50 can punch out 430 horsepower and 560 pound-feet of torque, enough to launch it from 0 to 60 in just 4.3 seconds, with an electronically limited top speed of 112 mph. Al
Chinese electric sports car Qiantu K50 by Mullen coming to US roads next year Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-04-18  Authors: paul a eisenstein, haze fan, adam jeffery
Keywords: news, cnbc, companies, roads, car, york, twomonth, k50, coming, twin, stodgy, vehicles, weeks, mullen, chinese, qiantu, electric, technologies, torque


Chinese electric sports car Qiantu K50 by Mullen coming to US roads next year

An estimated 40 battery-electric vehicles are on display at this week’s New York International Auto Show, and contrary to their popular image as slow and stodgy, many of them put an emphasis on performance, including the new Qiantu K50 by Mullen.

With its twin electric motors drawing power from a lithium-ion battery pack, the K50 can punch out 430 horsepower and 560 pound-feet of torque, enough to launch it from 0 to 60 in just 4.3 seconds, with an electronically limited top speed of 112 mph.

Already on sale in China, there is a two-month backlog of orders, said David Michery, founder and CEO of California-based Mullen Technologies, a start-up partnering with Chinese automaker Qiantu Motor to bring the K50 to the U.S. market next year.


Company: cnbc, Activity: cnbc, Date: 2019-04-18  Authors: paul a eisenstein, haze fan, adam jeffery
Keywords: news, cnbc, companies, roads, car, york, twomonth, k50, coming, twin, stodgy, vehicles, weeks, mullen, chinese, qiantu, electric, technologies, torque


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Jaguar I-Pace electric SUV sweeps awards at New York auto show

The Jaguar I-Pace electric sport utility vehicle swept the World Car Awards handed out at the New York International Auto Show on Wednesday. Jaguar’s first electric vehicle took home the awards for best design, best green car award and best overall vehicle. “In my 40 years in this business, this is my Oscar moment,” said Jaguar Director of Design Ian Callum, as he accepted the final award during a ceremony at the Jacob K. Javits Center in New York City, where the auto show opens to public Friday


The Jaguar I-Pace electric sport utility vehicle swept the World Car Awards handed out at the New York International Auto Show on Wednesday. Jaguar’s first electric vehicle took home the awards for best design, best green car award and best overall vehicle. “In my 40 years in this business, this is my Oscar moment,” said Jaguar Director of Design Ian Callum, as he accepted the final award during a ceremony at the Jacob K. Javits Center in New York City, where the auto show opens to public Friday
Jaguar I-Pace electric SUV sweeps awards at New York auto show Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-04-17  Authors: robert ferris, adam jeffery
Keywords: news, cnbc, companies, awards, york, suv, jaguar, award, electric, ipace, vehicle, auto, design, best, car, sweeps


Jaguar I-Pace electric SUV sweeps awards at New York auto show

The Jaguar I-Pace electric sport utility vehicle swept the World Car Awards handed out at the New York International Auto Show on Wednesday.

Jaguar’s first electric vehicle took home the awards for best design, best green car award and best overall vehicle.

“In my 40 years in this business, this is my Oscar moment,” said Jaguar Director of Design Ian Callum, as he accepted the final award during a ceremony at the Jacob K. Javits Center in New York City, where the auto show opens to public Friday.


Company: cnbc, Activity: cnbc, Date: 2019-04-17  Authors: robert ferris, adam jeffery
Keywords: news, cnbc, companies, awards, york, suv, jaguar, award, electric, ipace, vehicle, auto, design, best, car, sweeps


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Lyft pulls electric bikes in three US cities after complaints about braking

Lyft Inc is removing several thousand electric bikes from service in its bike-share program in New York, Washington and San Francisco because of a braking problem, the ride-hailing company said on Sunday. The company’s bike share division is working to replace about 3,000 pedal-assist bikes in New York, Washington and San Francisco with traditional bikes to prevent service interruptions. The company already operates about 17,000 traditional bikes in those cities. Some of the electric bikes are s


Lyft Inc is removing several thousand electric bikes from service in its bike-share program in New York, Washington and San Francisco because of a braking problem, the ride-hailing company said on Sunday. The company’s bike share division is working to replace about 3,000 pedal-assist bikes in New York, Washington and San Francisco with traditional bikes to prevent service interruptions. The company already operates about 17,000 traditional bikes in those cities. Some of the electric bikes are s
Lyft pulls electric bikes in three US cities after complaints about braking Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-04-15  Authors: mario tama, getty images
Keywords: news, cnbc, companies, electric, service, bikes, bike, pulls, complaints, washington, braking, citi, working, york, company, lyft, traditional, cities


Lyft pulls electric bikes in three US cities after complaints about braking

Lyft Inc is removing several thousand electric bikes from service in its bike-share program in New York, Washington and San Francisco because of a braking problem, the ride-hailing company said on Sunday.

“We recently received a small number of reports from riders who experienced stronger than expected braking force on the front wheel,” the company said in a blog post emailed to customers on Sunday.

The company’s bike share division is working to replace about 3,000 pedal-assist bikes in New York, Washington and San Francisco with traditional bikes to prevent service interruptions. The company already operates about 17,000 traditional bikes in those cities.

The bike share brands that were impacted by the service removal include Citi Bike in New York, Capital Bikeshare in Washington D.C., and Ford GoBike in the Bay Area.

Some of the electric bikes are still on docks but customers will no longer be able to rent them.

“After a small number of reports and out of an abundance of caution, we are proactively pausing our electric bikes from service, said Citi Bike spokeswoman Julie Wood. “Safety always comes first.”

The company said it had been working on a new electric bike model that would be ready to deploy soon.

Lyft, which went public in March, bought Citi Bike operator Motivate last year in a move to fend off competition from rival Uber Technologies Inc’s purchase of electric cycle-sharing startup JUMP Bikes months before.


Company: cnbc, Activity: cnbc, Date: 2019-04-15  Authors: mario tama, getty images
Keywords: news, cnbc, companies, electric, service, bikes, bike, pulls, complaints, washington, braking, citi, working, york, company, lyft, traditional, cities


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