The company plans to export 1.5 million television sets to Europe in 2019 and 2.1 million sets in 2021.
The company said it finished the quarter with billion in cash and cash equivalents, the highest in Tesla's history to date.
The competition between Netflix, the top dog in the streaming industry, and Amazon has been heating up recently. Amazon is preparing for a global expansion to rival Netflix’s worldwide footprint, which grew to 190 countries earlier this year.?In the company’s quarterly letter to shareholders, Netflix?acknowledged that Amazon?is becoming a global force in the streaming market though?research data shows Netflix is still way ahead.
The competition is another example of Amazon crowdsourcing artificial intelligence on Alexa. She currently has more than 3,000 skills. Last year Amazon opened up Alexa to developers, and the company said tens of thousands of them are working on skills and projects for Alexa. Developers who want to add to Alexa’s abilities can write code that works with Alexa in the cloud, letting the smart assistant do the heavy lifting of understanding and deciphering spoken commands.
The company said in its first-quarter financial report on Wednesday that its revenue in the three months was 5 million, up 35 percent year-on-year and marking a record high.
The company initiated and sponsored the China National Alliance of Hydrogen and Fuel Cell to promote low-cost hydrogen production and transportation and the establishment of industry standards, such as those regarding hydrogen refueling stations.
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The company recently awarded million for “best test script of the year” to a project called 12 Princesses, a family friendly musical; and 0,000 for best script to Origin of a Species, a thriller.
The company said more than 10,000 drone operators are using DJI's farm-specific drone MG series, estimating the sales of such drones will reach 45,000 units in 2020.
The company will also improve passenger travel experience by providing services, including air conditioning in stations and on trains, online meal ordering, and check-in with facial recognition technology.
The company is using this year’s Prime Day to show support for small businesses. Amazon said it will give Prime members a credit to use on Prime Day when they spend on items sold by select small companies, starting today and lasting through Oct. 12. It is also spending 0 million on promotional activities to help them increase sales and reach.