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Rescheduled 2020 New York Auto Show canceled due to ongoing COVID-19 pandemic

Here’s what the Javits Center normally looks like during auto show times.


Spencer Platt/Getty Images
For the most up-to-date news and information about the coronavirus pandemic, visit the WHO website.

The 2020 New York Auto Show was originally scheduled to take place in April, but was postponed due to the ongoing coronavirus pandemic. Now, the Greater New York Automobile Dealers Association — the group that puts on the NY Auto Show — says the rescheduled event is “unfeasible,” and will thus be canceled.

“As of today, the Jacob K. Javits Convention Center continues to be closed for all expo

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Uber’s first-quarter earnings show massive losses due to coronavirus

Uber posted a $2.9 billion net loss in the first quarter.


Angela Lang/CNET

Uber hasn’t had an easy time as a public company. The novel coronavirus, which has brought much of the ride-hailing company’s business to a halt, hasn’t helped. On Thursday, Uber’s first-quarter earnings highlighted the financial troubles the company has experienced, showing significant losses.

Uber said its revenue rose 14% from a year earlier to $3.54 billion, slightly beating the average analyst forecast of $3.51 billion. But, the company posted a net loss of $2.9 billion in the first quarter, which was greater than expected by analysts.

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Uber’s first quarter earnings show massive losses due to coronavirus


Angela Lang/CNET

Uber hasn’t had an easy time as a public company. The novel coronavirus, which has brought much of the ride-hailing company’s business to a halt, hasn’t helped. On Thursday, Uber’s first-quarter earnings highlighted the financial troubles the company has experienced showing significant losses.

Uber said its revenue rose 14% from a year earlier to $3.54 billion, slightly beating the average analyst forecast of $3.51 billion. But, the company posted a net loss of $2.9 billion in the first quarter, which was greater than expected by analysts. It’s the largest loss that Uber has recorded over the last three

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Tesla’s China plant goes offline due to component shortage, report says

Not a single Tesla is in production right now.


Twitter

Tesla currently isn’t building a single car worldwide after the EV maker reportedly took its plant in Shanghai, China, offline.

Bloomberg reports that Tesla told workers to return to work on May 9 after a planned five-day Labor Day break in the country, extending a work stoppage by two days minimum. Bloomberg cited Chinese website 36kr as reporting that Tesla is experiencing component shortages affecting the Model 3, as well as problems with a piece of production equipment. Tesla only builds the Model 3 in China, but CEO

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