Morning Beat: Tesla Motors Inc (NASDAQ:TSLA) and Alphabet Inc (NASDAQ:GOOGL)

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It is not all smiles for Tesla Motors Inc (NASDAQ:TSLA) as a number of manufacturing problems continue to plague its recently released electric car, Model X. Some owners have reported problems with their cars falcon’s wing doors that will not open or close as designed.

Another owner has reported a problem with the door’s sensor that failed to operate, forcing the door bump into an overhang. Problems with doors are not the only thing plaguing the high-end electric car. One owner has also complained that passenger windows failed to close with emergency brakes also failing to go off when backing up.

Tesla Motors Inc (NASDAQ:TSLA)’s president of sales Jon McNeil insists that problems with the Model X’s falcon doors are outdated. The executive has also said that customer satisfaction levels on Model X are about the same as Model S.

Tesla Motors Inc (NASDAQ:TSLA) CEO, Elon Musk, has acknowledged that they underestimated the demand and hype that Model 3 would evoke when they launched it a few weeks back. Speaking at a conference in the Norwegian capital, the charismatic executive reiterated that the car had surprised the entire management team.

The automaker is closing in on 400,000 orders on the new car having received over 325,000 reservations as of April 7. Even though reservations do not represent actual sales, they show how customers have fallen in love with the new car.

Tesla Motors Inc (NASDAQ:TSLA) is hoping to use the new car to crack the mainstream market as it looks to turn in some profits after years of aggressive spending.

Alphabet Inc (NASDAQ:GOOGL) has clocked a new milestone on the number of people using its Chrome browser on mobile. According to the latest findings, more than one billion users use the browser on a monthly basis. Given that, there are over 1.4 billion Android devices worldwide, the app could attract more users going forward.

Finer details indicate that the browser loads 771 billion pages every month with the autocorrect feature preventing users from typing up to 500 billion characters a month. The desktop version of the browser clocked one billion in May last year. Apple Inc. (NASDAQ:AAPL), which has over 1 billion active iOS devices, has never shared the numbers of people who use its Safari browser.

European Union Competitive Commissioner, Margrethe Vestager, insists the bringing up of antitrust charges against Alphabet Inc (NASDAQ:GOOGL) over Android was not in any way politically motivated. The sentiments come at a time of increased concerns that US companies are being targeted by the antitrust agency.

The new charges according to the commissioner only seek to protect the end consumer as well as other startups looking to rival Google on things like search. The commission has also raised objections to the way the tech giant blocks handset makers from selling devices running on competing operating systems based on Android open source code.

Alphabet Inc (NASDAQ:GOOGL) on its defense maintains it is costly to develop the OS thus the need to have devices come with some of its apps that help it generate revenue to maintain it.

Viraj Shah

Viraj Shah has completed M.Com (Finance) and is currently pursuing his CFP. He tracks US markets along with other global markets like India very closely. He is very passionate about stocks, real estate, and technology. He also believes that money can always be made in the market.

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