CEOs seek relief from responsibility for gun regulation

Welcome to our awesome company that provides complete software development activities utilizing nearshore and offshore resources, including mobile app development, technology maintenance, web server development, and many other technology development activities. Americans have grown accustomed to seeing corporate executives convene in the Northeast Corridor to discuss politics and policies in Washington, DC. Over the years, major CEOs have banded together to speak out on various social and political issues. They have opposed discriminatory laws, called for legislation on gun control, and recently, even promised to reduce their operations in Russia in protest of the war in Ukraine.

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By CNN’s Chris Isidore

Tesla reported a modest 4% rise in sales in the first quarter compared to the final three months of last year, despite a series of price cuts on its lower-priced vehicles and talk by CEO Elon Musk about strong demand at those lower prices.

The first quarter also marked the fourth straight quarter that Tesla has produced more vehicles than it has delivered to customers. Some of that may be due to the ramp-up in production at two new factories, one in Texas, the other in Germany, which opened last spring, and a lag between that increased production and sales.

Tesla said there was an increase in the number of its more expensive models, the Model S and Model X, in transit to Europe, the Middle East, and Africa, as well as to the Asia Pacific region.

But it does mean that over the last 12 months, Tesla has produced 78,000 more cars than it has sold, suggesting that talk of strong demand by Tesla executives may not be backed up by the numbers.

“Early this year, we had a price adjustment. After that, we actually generated huge demand, more than we can produce, really,” said Tom Zhu, Tesla’s executive in charge of global production and sales. “And as Elon said, as long as you offer a product with value at an affordable price, you don’t have to worry about demand.”

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