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<rss version="2.0"><channel><title>Articles: Articles</title><link>https://www.cheersandgears.com/articles/news/tesla/page/2/?d=1</link><description>Articles: Articles</description><language>en</language><item><title>Tesla CEO Says The Model X Will Begin Rolling Out In The Next Three to Four Months</title><link>https://www.cheersandgears.com/articles/news/tesla/tesla-ceo-says-the-model-x-will-begin-rolling-out-in-the-next-three-to-four-months-r2884/</link><description><![CDATA[
<p><img src="https://cdn.cheersandgears.com/monthly_2016_08/bc1fd9e45b9a2afa946938d2c2179ddf.jpg.38666ca035cb6c5344d78cd00734c68c.jpg" /></p>

<p>Speaking at the annual shareholders meeting in Mountain View, California, Tesla CEO Elon Musk said the company will begin rolling out their second model, the Model X, in the next three to four months. The model which was first shown in 2012 and was supposed to start production in 2014, has been hit with a number of delays and problems for various aspects.</p>
<p> </p>
<p>Musk said engineers are working on a number of parts of the Model X including the Falcon Wing doors just right before production models begin rolling off the line.</p>
<p> </p>
<p>“The Model X will be a better SUV than the Model S is a sedan,” said Musk.</p>
<p> </p>
<p><strong>Source</strong>: <a href="http://www.bloomberg.com/news/articles/2015-06-09/musk-says-model-x-suv-deliveries-to-start-in-3-to-4-months" rel="external nofollow">Bloomberg</a></p>
]]></description><guid isPermaLink="false">2884</guid><pubDate>Thu, 11 Jun 2015 13:10:00 +0000</pubDate></item><item><title>Tesla Loses Fight With Dealers to Sell in Texas</title><link>https://www.cheersandgears.com/articles/news/tesla/tesla-loses-fight-with-dealers-to-sell-in-texas-r2864/</link><description><![CDATA[
<p><img src="https://cdn.cheersandgears.com/monthly_2016_08/4a6ea9c023f242324c921e3d39f54d37.jpg.fc1168b093eaecba0499c6b9b4aa3c29.jpg" /></p>

<p>Lone Star State lawmakers have reined in Tesla's hopes of selling to Texans. Two bills allowing the Palo Alto-based electric carmaker to open Tesla Store's have died in the state legislature, in the face of dealership opposition.</p>
<p> </p>
<p>Tesla's direct-sales approach has raised the ire of dealership associations nationwide, who worry this jeopardizes their decades-old sales model based on franchise laws.</p>
<p> </p>
<p>Similar laws are on the books in states such as Michigan, Arizona, West Virginia, and until recently, New Jersey. Tesla founder and CEO Elon Musk reportedly hired up to 20 lobbyists in Texas and made $150,000 in campaign contributions.</p>
<p> </p>
<p>Despite support from former governor Rick Perry, the bills were unable to overcome Texas' powerful dealership lobby, whose support of franchise laws in a state priding itself as a bastion of free-maket economics and limited red tape was deemed "very un-Texan" by Musk in a 2014 interview.</p>
<p> </p>
<p>The Texas Auto Dealers Association has spent over $278,000 lobbying against Tesla, with some individual dealership owners and groups contributing hundreds of thousands more.</p>
<p> </p>
<p>Texas is home to the country's second largest high-tech workforce and is the U.S.' largest technology manufacturing exporter. Tesla's absence among the likes of industry pioneers such as Dell and Texas Instruments is notable. The state competed for the brand's 'Gigafactory' but lost to Nevada.</p>
<p> </p>
<p>The state's legislature holds bi-yearly sessions, meaning Tesla will need to wait until 2017 for similar bills to be introduced, just in time for the Model 3's debut.</p>
<p> </p>
<p><em><strong>Source</strong></em><em>: </em><a href="http://www.theverge.com/2015/5/31/8694673/tesla-loses-fight-to-sell-cars-in-texas" rel="external nofollow"><em>The Verge</em></a></p>
<p> </p>
<p><a href="http://www.cheersandgears.com/index.php?app=core&amp;module=attach&amp;section=attach&amp;attach_rel_module=post&amp;attach_id=7955" rel="">View attachment: Model_S_Press_WEB.jpg</a></p>
]]></description><guid isPermaLink="false">2864</guid><pubDate>Mon, 01 Jun 2015 18:58:00 +0000</pubDate></item><item><title>Tesla Model X Spotted by California Photographer</title><link>https://www.cheersandgears.com/articles/news/tesla/tesla-model-x-spotted-by-california-photographer-r2861/</link><description><![CDATA[
<p><img src="https://cdn.cheersandgears.com/monthly_2016_08/c5731a0527ce6b3e60311e926053b0ad.jpg.64bb0eba6c9aec1914f2532738099270.jpg" /></p>

<p>Tesla's hotly-anticipated Model X continues testing in California and Los Altos shutterbug <em>hushypuppy</em> has snapped half a dozen photos of the electric carmaker's crossover rolling down city streets. The company has yet to reveal photos of the production vehicle.</p>
<p> </p>
<p><span style="font-size:14px">The vehicle is vital to the Palo Alto-based carmaker's future. The twice </span><a href="http://www.cheersandgears.com/_/tesla-news/tesla-delays-the-model-x-by-a-year-r1429" rel=""><span style="font-size:14px">delayed Tesla Model X</span></a><span style="font-size:14px"> has attracted over 21,000 pre-orders and is predicted to push Tesla (</span><span style="font-size:14px"><span style="font-family:arial"><span style="color:#ff0000"><em>NASDAQ: TSLA</em></span></span></span><span style="font-size:14px"><span style="font-family:arial">) shares up 70%. Deliveries are expected to begin in Q3 2015. </span></span></p>
<p> </p>
<p>High definition photos can be <a href="http://forums.vwvortex.com/showthread.php?7113945-Tesla-Model-X-finally-spotted-testing/page5" rel="external nofollow">viewed at VWVortex</a>.<br><span style="font-size:14px"><span style="font-family:arial"><strong><em>Source: </em></strong></span></span><a href="http://forums.vwvortex.com/showthread.php?7113945-Tesla-Model-X-finally-spotted-testing/page5" rel="external nofollow"><span style="font-size:14px"><span style="font-family:arial"><em>VWVortex</em></span></span></a><em>; </em><a href="http://www.hybridcars.com/white-clad-tesla-model-x-spotted/" rel="external nofollow"><em>HybridCars.com</em></a></p>
<p> </p>
<p><a class="ipsAttachLink ipsAttachLink_image" href="//cdn.cheersandgears.com/monthly_05_2015/post-1376-0-25360600-1432930367.jpg" rel=""><img src="//cdn.cheersandgears.com/monthly_05_2015/post-1376-0-25360600-1432930367_thumb.jpg" data-fileid="%7B___base_url___%7D/applications/core/interface/file/attachment.php?id=7948" class="ipsImage ipsImage_thumbnailed" alt="post-1376-0-25360600-1432930367_thumb.jp"></a></p>
]]></description><guid isPermaLink="false">2861</guid><pubDate>Fri, 29 May 2015 20:14:00 +0000</pubDate></item><item><title>Tesla Plans Pop-Up Stores For the Summer</title><link>https://www.cheersandgears.com/articles/news/tesla/tesla-plans-pop-up-stores-for-the-summer-r2857/</link><description><![CDATA[
<p><img src="https://cdn.cheersandgears.com/monthly_2016_08/095b47503dfd3cb2ed6dda16970a4795.jpg.670744a82de0a32a15f928377fa700bf.jpg" /></p>

<p>While Tesla is fighting for the right to sell vehicles direct to consumers in many states, the automaker will also be selling the Model S in new and temporary locations.</p>
<p> </p>
<p>Fortune reports that Tesla will be opening mobile container stores in various locations this summer with the first location being Santa Barbara, CA during the Memorial Day holiday. Why is Tesla doing this? They hope to lure in wealthy customers to a vehicle during their summer vacation.</p>
<p> </p>
<p>The mobile stores themselves are situated in two shipping containers and takes a few hours to setup. Once setup, the mobile stores look like the standard stores with a neutral gray and bright red paint scheme, along with a Model S.</p>
<p> </p>
<p>The next stop for Tesla's pop-up store is in the Hamptons. After that, Tesla is keeping quiet on that.</p>
<p> </p>
<p><strong>Source</strong>: <a href="https://fortune.com/2015/05/22/tesla-pop-up-store/" rel="external nofollow">Fortune</a></p>
]]></description><guid isPermaLink="false">2857</guid><pubDate>Thu, 28 May 2015 18:45:00 +0000</pubDate></item><item><title>Tesla Introduces A New Base Model S With More Range, AWD</title><link>https://www.cheersandgears.com/articles/news/tesla/tesla-introduces-a-new-base-model-s-with-more-range-awd-r2755/</link><description><![CDATA[
<p><img src="https://cdn.cheersandgears.com/monthly_2016_08/7be0d141bda56d83551449d01bd3f75c.jpg.b4e3fc663ab059e1b16c9fd4605e2691.jpg" /></p>
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<div data-role="contentPage">
<hr data-role="contentPageBreak">
<p>Tesla is apparently full of surprises. This morning, the Californian electric automaker announced the Model S 70D which will replace the 60 as the base model.</p>
<p>The 70D packs a larger 70-kWh battery pack which increases range from 208 miles to 240. The D in the 70D means this is packing Tesla's dual-motor all-wheel-drive system which provides a total output of 514 horsepower. This increase in power drops 0-60 from 5.9 to 5.2 seconds. </p>
<p>Other changes on the 70D include Tesla’s Supercharging DC fast-charger installed and the and the Autopilot semi-autonomous system.</p>
<p>As for price, the Model S 70D will start off at $75,000, about $4,000 more than the Model S 60.</p>
<p><strong>Source</strong>: Tesla Motors</p>
<p><strong>Press Release is on Page 2</strong></p>
</div>
<div data-role="contentPage">
<hr data-role="contentPageBreak">
<p><span style="font-size:18px"><strong>Introducing the All-Wheel Drive Model S 70D</strong></span></p>
<p>Today, we are introducing the Model S 70D, an all-wheel drive electric car with a 0-60 time of 5.2 seconds and a 250 mile range at 65 mph.</p>
<p>Even at a starting price of $75k, the Model S 70D offers a broad and compelling set of features. Moreover, when one factors in the cost advantages over an internal combustion engine vehicle, including fuel savings and incentives, the actual cost of owning Model S 70D comes to about $55k over five years (the average length of new car ownership).</p>
<p>In addition to having independently operational front and rear motors, the 70D includes Supercharging to enable free long-distance travel, Autopilot hardware, navigation, blind spot detection and many other features. As with every Model S, the 70D will receive free over-the-air updates that add functionality and improve the driving experience for years to come.</p>
<p>Starting today, you can also order any Models S in three new colors: Ocean Blue, Obsidian Black, and Warm Silver.</p>
</div>
</div>]]></description><guid isPermaLink="false">2755</guid><pubDate>Wed, 08 Apr 2015 13:45:00 +0000</pubDate></item><item><title>Michigan Governor Signs Bill Banning Direct Auto Sales</title><link>https://www.cheersandgears.com/articles/news/tesla/michigan-governor-signs-bill-banning-direct-auto-sales-r2427/</link><description><![CDATA[
<p><img src="https://cdn.cheersandgears.com/monthly_2016_08/9729eb99b89c492b5e4ccc142724f31e.jpg.671d1ae2cc85e4496185e249c74f68a5.jpg" /></p>

<p>The latest state to ban direct sales of vehicles is Michigan. Today, Governor Rick Synder signed a bill into law that would ban such automakers as Tesla from directly selling vehicles to consumers. This bill also allows dealers to make the decision whether or not to charge the transaction fee.</p>
<p>"This bill does not, as some have claimed, prevent auto manufacturers from selling automobiles directly to consumers at realign in Michigan. That is because this is already prohibited under Michigan law. The current law states that a manufacturer shall not "<span style="text-decoration:line-through">ell new motor vehicle directly to a retail customer other than through its franchised dealers…" the Governor wrote in a letter to legislators.</span></p>
<p><span style="text-decoration:line-through">The bill updates a current Michigan law by removing the word 'its'. This elimination causes Tesla and any other OEM who decides to do direct sales in the state not to be able to do it. Instead they would have to sell through a network of franchised dealers.</span></p>
<p><span style="text-decoration:line-through">Supporters of this bill includes the Michigan Automobile Dealers Association and General Motors.</span></p>
<p><span style="text-decoration:line-through">"We believe that House Bill 5606 will help ensure that all automotive manufacturers follow the same rules to operate in the State of Michigan; therefore, we encourage Governor Snyder to sign it," GM said in a statement.</span></p>
<p><span style="text-decoration:line-through">Tesla on their part isn't happy with this law and blasted GM for its support of the law.</span></p>
<p><span style="text-decoration:line-through">"What's good for GM's customers is not necessarily good for Tesla's customers. What's good for gasoline cars is not necessarily good for electric cars. Tesla is selling a new product with a new technology,” the automaker said in a statement.</span></p>
<p><span style="text-decoration:line-through">“The evidence is overwhelming that a traditional dealer-based approach does not work for electric cars. Moreover, GM distorts the purpose of the franchise laws (including in Michigan), which are in place not to cement a monopoly for franchised dealers but rather to prevent companies with existing franchises from unfairly competing against them. Tesla has never used franchised dealers, so these concerns are simply irrelevant."</span></p>
<p><span style="text-decoration:line-through"><strong>Source</strong></span><span style="text-decoration:line-through">: </span><a href="http://www.detroitnews.com/story/business/autos/2014/10/21/snyder-tesla-direct-sales/17663891/" rel="external nofollow"><span style="text-decoration:line-through">The Detroit News</span></a></p>
<p><span style="text-decoration:line-through"><em>William Maley is a staff writer for Cheers &amp; Gears. He can be reached at </em></span><span style="text-decoration:line-through"><em><a href="mailto:william.maley@cheersandgears.com" rel="">william.maley@cheersandgears.com</a></em></span><span style="text-decoration:line-through"><em> or you can follow him on twitter at </em></span><a href="http://www.twitter.com/realmudmonster" rel="external nofollow"><span style="text-decoration:line-through"><em>@realmudmonster</em></span></a><span style="text-decoration:line-through"><em><span style="font-size:12px"><span style="font-family:helvetica"><span style="font-family:helvetica"><span style="color:rgb(40,40,40)">.</span></span></span></span></em></span></p>
]]></description><guid isPermaLink="false">2427</guid><pubDate>Tue, 21 Oct 2014 19:35:00 +0000</pubDate></item><item><title>Tesla Unveils New All-Wheel Drive Model S, Driverless Tech</title><link>https://www.cheersandgears.com/articles/news/tesla/tesla-unveils-new-all-wheel-drive-model-s-driverless-tech-r2414/</link><description><![CDATA[
<p><img src="https://cdn.cheersandgears.com/monthly_2016_08/c5d38b82cc635794b6eaa30e0f0675cb.jpg.c5274ec8d3c0de303c3e343eaf5a399e.jpg" /></p>

<p>Last night, Tesla CEO Elon Musk announced some big changes for the Model S. </p>
<p>The first change is the introduction of all-wheel drive to the Model S lineup, which means the addition of a second electric motor up front. The system dubbed Dual Motor All Wheel Drive works out like this for their lineup,</p>
<ul>
<li>60D and 85D - Front &amp; Rear Motor: 188 horsepower and 181 pound-feet of torque; Combined: 376 horsepower and 326 torque.<br>
</li>
<li>P85D - Front Motor: 221 horsepower and 244 pound-feet of torque; Rear Motor: 470 horsepower and 443 pound-feet of torque; Combined: 691 horsepower and 687 pound-feet of torque.<br>
</li>
</ul>
<p></p>
<p>The P85D will take the place of the P85+ as the Model S flagship with a 0-60 MPH time of 3.2 seconds (0.7 seconds faster than the P85+) and a top speed of 155 MPH.</p>
<p>On the range front, the 60D sees a 17 mile increase (208 to 225 miles); the 80D gets a 10 mile increase (265 to 275 miles); and the P85D takes 10 mile hit (285 to 275 miles).</p>
<p>Pricing for the all-wheel drive models is as followed,</p>
<ul>
<li>60D: $75,070<br>
</li>
<li>85D: $85,070<br>
</li>
<li>P85D: $120,170<br>
</li>
</ul>
<p></p>
<p>Also being announced was Tesla's Autopilot system. The system utilizes a forward-looking camera, a radar sensor, and ultrasonic sensors to give the Model S a 360-degree view of the surrounding road. At the current time, the system will be able to read speed limit and stay at that speed if the driver allows it. The system will also automate lane changes and park itself. Tesla says there will be more features coming to the Autopilot system in the future.</p>
<p><strong>Source</strong>: Tesla, <a href="http://wot.motortrend.com/1410_tesla_d_is_a_dual_motor_all_wheel_drive_model_s.html" rel="external nofollow">Motor Trend</a>, <a href="http://www.carscoops.com/2014/10/new-dual-motor-tesla-model-p85d-has-awd.html" rel="external nofollow">Carscoops</a>, <a href="http://www.automobilemag.com/features/news/1410-2015-tesla-model-s-adds-all-wheel-drive-60d-85d-p85d-models/" rel="external nofollow">Automobile Magazine</a></p>
<p><em>William Maley is a staff writer for Cheers &amp; Gears. He can be reached at </em><a href="mailto:william.maley@cheersandgears.com" rel="">william.maley@cheersandgears.com</a> <em>or you can follow him on twitter at </em><a href="http://www.twitter.com/realmudmonster" rel="external nofollow">@realmudmonster</a><span style="font-size:8px"><span style="font-family:helvetica"><span style="font-family:helvetica"><span style="color:rgb(40,40,40)">.</span></span></span></span></p>
]]></description><guid isPermaLink="false">2414</guid><pubDate>Fri, 10 Oct 2014 19:15:00 +0000</pubDate></item><item><title>Three FTC Officials Call For End To The Anti-Tesla Store Laws</title><link>https://www.cheersandgears.com/articles/news/tesla/three-ftc-officials-call-for-end-to-the-anti-tesla-store-laws-r2194/</link><description><![CDATA[
<p><img src="https://cdn.cheersandgears.com/monthly_2016_08/d64eebf55cfadd992e6defa62159837f.jpg.7597df959146c2fa9643ecdac9b11a74.jpg" /></p>

<p>In a surprising move today, three top officials from the Federal Trade Commission have come out against the laws that ban automakers like Tesla from selling their vehicles directly to consumers.</p>
<p>Andrew Gavil, director of the FTC's Office of Policy Planning; Deborah Feinstein, director of the Bureau of Competition; and Martin Gaynor, director of the Bureau of Economics wrote in a blog piece on the FTC site that states the dealer franchise laws are a 'bad idea' since it doesn't allow consumers to shop in new ways.</p>
<p>"For decades, local laws in many states have required consumers to purchase their cars solely from local, independent auto dealers," the three said in the post. "Removing these regulatory impediments may be essential to allow consumers access to new ways of shopping that have become available in many other industries."</p>
<p>Dealers argue the franchise model works because they compete on price and offer long-term service. However, direct sales offer a threat and could cause other manufacturers to go down the same road. Dealers have turned to lobbyists to sue Tesla in court and urge state representatives to tighten dealer laws. This has only angered the public and legislators from both parties.</p>
<p>"How manufacturers choose to supply their products and services to consumers is just as much a function of competition as what they sell--and competition ultimately provides the best protections for consumers and the best chances for new businesses to develop and succeed," the three stated in the piece. "Our point has not been that new methods of sale are necessarily superior to the traditional methods--just that the determination should be made through the competitive process."</p>
<p>Now it should be noted that the posting is of the authors and not the FTC.</p>
<p><strong>Source</strong>: <a href="http://www.reuters.com/article/2014/04/24/usa-tesla-motors-ftc-idUSL2N0NG19120140424" rel="external nofollow">Reuters</a>, <a href="http://www.reuters.com/article/2014/04/24/usa-tesla-motors-ftc-idUSL2N0NG19120140424" rel="external nofollow">FTC</a></p>
<p><em>William Maley is a staff writer for Cheers &amp; Gears. He can be reached at </em><a href="mailto:william.maley@cheersandgears.com" rel="">william.maley@cheersandgears.com</a> <em>or you can follow him on twitter at </em><a href="http://www.twitter.com/realmudmonster" rel="external nofollow">@realmudmonster</a><em>.</em></p>
]]></description><guid isPermaLink="false">2194</guid><pubDate>Thu, 24 Apr 2014 20:25:00 +0000</pubDate></item><item><title>Tesla's Entry-Level Model Could Be Coming Sooner Than Expected</title><link>https://www.cheersandgears.com/articles/news/tesla/tesla39s-entry-level-model-could-be-coming-sooner-than-expected-r2002/</link><description><![CDATA[
<p><img src="https://cdn.cheersandgears.com/monthly_2016_08/e7c4e007ad4f4cf80d5f303f1e2ffad7.jpg.fb72fb1fb232df75f0921389a52080a8.jpg" /></p>

<p>The long-hinted entry-level Tesla offering, the Model E could be shown earlier than anyone expected.</p>
<p>AutoBild had the chance to interview Tesla's Chief Designer, Franz von Holzhausen. Holzhausen revealed that the Model E could be shown at the 2015 Detroit Auto Show, a full year ahead than what everyone was expecting.</p>
<p>Tesla CEO Elon Musk has been hinting at the Model E for awhile, saying that it would be the size of a BMW 3-Series, have a range of 200 Miles, and cost somewhere around $30,000 (after federal EV tax credits).</p>
<p>Holzhausen also revealed that work on the Tesla's next model, the seven-seat Model X crossover was coming to close.</p>
<p><strong>Source</strong>: <a href="http://www.autobild.de/artikel/tesla-chefdesigner-von-holzhausen-im-interview-4485757.html" rel="external nofollow">AutoBild</a></p>
<p><em>William Maley is a staff writer for Cheers &amp; Gears. He can be reached at </em><a href="mailto:william.maley@cheersandgears.com" rel="">william.maley@cheersandgears.com</a> <em>or you can follow him on twitter at </em><a href="http://www.twitter.com/realmudmonster" rel="external nofollow">@realmudmonster</a><em>.</em></p>
]]></description><guid isPermaLink="false">2002</guid><pubDate>Thu, 19 Dec 2013 18:15:00 +0000</pubDate></item><item><title>NHTSA Opens Probe Into Tesla Model-S Fires</title><link>https://www.cheersandgears.com/articles/news/tesla/nhtsa-opens-probe-into-tesla-model-s-fires-r1931/</link><description><![CDATA[
<p><img src="https://cdn.cheersandgears.com/monthly_2016_08/70082eaba1b4a5284e89eff777bac8f1.jpg.67fe16375b93e24333c76772f0135738.jpg" /></p>

<p><strong>November 19th, 2013</strong></p>
<p><strong>Drew Dowdell</strong></p>
<p><strong>Managing Editor - CheersandGears.com</strong></p>
<p>Following three high profile fires, two in the United States and one in Mexico, the National Highway Transportation Safety Administration announced today that the agency has opened a formal probe into the safety or the Tesla Model-S electric car.</p>
<p>The investigation centers around "undercarriage strikes" where metal road debris run over by the car pierced the battery compartment and caused a catastrophic runaway reaction resulting in the total loss of the vehicle.  In the NHTSA announcement, they point out that in all cases, the vehicle provided ample audio and visual warnings to the driver well before the battery</p>
<p>Tesla's vocal CEO and founder, Elon Musk, maintains that the Model-S is still safer than any gasoline powered vehicle available for sale and points out that thousands of gasoline powered vehicles have been destroyed by fires caused by ruptured fuel tanks.</p>
<p>Tesla announced today, before the NHTSA release, that it would be asking the agency to conduct an investigation into the fires. Additionally, Tesla would be amending warranty coverage to include damage due to a battery fire. Telsa will send a software update to all Model-S to use the air suspension to raise the ride height.</p>
]]></description><guid isPermaLink="false">1931</guid><pubDate>Tue, 19 Nov 2013 17:41:00 +0000</pubDate></item><item><title>Tesla Applies 'Model E' Trademark, Intrigue Ensues</title><link>https://www.cheersandgears.com/articles/news/tesla/tesla-applies-39model-e39-trademark-intrigue-ensues-r1741/</link><description><![CDATA[
<p><img src="https://cdn.cheersandgears.com/monthly_2016_08/7795e69335cf2bb9057d2d023652189b.jpg.c99f440001be0784b17bed17777d8cb8.jpg" /></p>

<p><strong>William Maley</strong></p>
<p><strong>Staff Writer - CheersandGears.com</strong></p>
<p><strong>August 24, 2013</strong></p>
<p>Its all about the trademarks it seems these days. Case in point, Venture Beat via Reuters reports that Tesla has applied for a trademark with the name ‘Model E’, that refers to “automobiles and structural parts therefore.” The application was filed on August 5th and is currently waiting for approval.</p>
<p>This has caused most everyone to go into a frenzy and try to figure out why Tesla wants to trademark 'Model E'. The going theory at the moment is that 'Model E' will be the name of Tesla's next model. The new model will be a competitor to the BMW 3-Series and Mercedes-Benz C-Class. </p>
<p>We'll be keeping a close eye on this.</p>
<p><strong>Source</strong>: <a href="http://www.reuters.com/article/2013/08/21/idUS294665463420130821" rel="external nofollow">Reuters</a></p>
<p><em>William Maley is a staff writer for Cheers &amp; Gears. He can be reached at </em><a href="mailto:william.maley@cheersandgears.com?subject=Re%3A%20Fisker%20hires%20Joel%20Ewanick" rel="">william.maley@cheersandgears.com</a> <em>or you can follow him on twitter at </em><a href="http://www.twitter.com/realmudmonster" rel="external nofollow">@realmudmonster</a><em>.</em></p>
]]></description><guid isPermaLink="false">1741</guid><pubDate>Sat, 24 Aug 2013 14:25:00 +0000</pubDate></item><item><title>2 min Gas Station from Tesla?</title><link>https://www.cheersandgears.com/articles/news/tesla/2-min-gas-station-from-tesla-r1641/</link><description><![CDATA[
<p><img src="https://cdn.cheersandgears.com/monthly_2016_08/c922cfceb5758326efd72ee1953d823d.jpg.75aee17f12119cab200974cafe278bce.jpg" /></p>

<p>G. David Felt</p>
<p>Staff Writer Alternative Energy - <a href="http://cheersandgears.com/" rel="external nofollow">CheersandGears.com</a></p>
<p>Industry change is never easy or fast and yet Tesla has introduced their 2 minute fast charge system. From $50 to $80 dollars a robotic system would allow you to pull in after 200 miles and in approximately 90 seconds swap out your depleted battery pack for a fully charged pack beating the average fill time of 4 min for a petrol powered car.</p>
<p>See what the news and industry is saying about what Tesla is planning and believes they can make a profit on.</p>
<p>CNN Money</p>
<p><a href="http://money.cnn.com/2013/06/21/autos/tesla-battery-swap/index.html" rel="external nofollow">http://money.cnn.com/2013/06/21/autos/tesla-battery-swap/index.html</a></p>
<p>Daily Mail</p>
<p><a href="http://www.dailymail.co.uk/news/article-2346204/Tesla-Motors-introduces-robot-mechanics-replace-batteries-electric-cars.html" rel="external nofollow">http://www.dailymail.co.uk/news/article-2346204/Tesla-Motors-introduces-robot-mechanics-replace-batteries-electric-cars.html</a></p>
<p>Wall St. Cheat Sheet</p>
<p><a href="http://wallstcheatsheet.com/stocks/tesla-introduces-faster-gas-station-system.html/?a=viewall" rel="external nofollow">http://wallstcheatsheet.com/stocks/tesla-introduces-faster-gas-station-system.html/?a=viewall</a></p>
<p>Tesla Motors</p>
<p><a href="http://www.teslamotors.com/supercharger" rel="external nofollow">http://www.teslamotors.com/supercharger</a></p>
]]></description><guid isPermaLink="false">1641</guid><pubDate>Sat, 22 Jun 2013 18:48:00 +0000</pubDate></item><item><title>Tesla Is Working On A New Entry-Level Model</title><link>https://www.cheersandgears.com/articles/news/tesla/tesla-is-working-on-a-new-entry-level-model-r1593/</link><description><![CDATA[
<p><img src="https://cdn.cheersandgears.com/monthly_2016_08/f3e2898aae3202a032816ca24e7c9c7d.png.2c7e8ae3e4dd25cb8b729c9a3efc4084.png" /></p>

<p><strong>By William Maley</strong></p>
<p><strong>Staff Writer - CheersandGears.com</strong></p>
<p><strong>May 28, 2013</strong></p>
<p>Tesla's CEO Elon Musk is very keen on building a electric vehicle that is cheaper than the Model S and doesn't have many of the drawbacks like the Nissan Leaf.</p>
<p>“With the Model S, you have a compelling car that’s too expensive for most people,” he said. “And you have the Leaf, which is cheap, but it’s not great. What the world really needs is a great, affordable electric car. I’m not going to let anything go, no matter what people offer, until I complete that mission,” said Musk during a interview.</p>
<p>The new vehicle will have a pricetag under $40,000, have a range of 200 miles, and come out within the next three to four years.</p>
<p><strong>Source</strong>: <a href="http://www.bloomberg.com/news/2013-05-23/tesla-pays-back-u-s-early-as-musk-aims-for-affordability.html" rel="external nofollow">Bloomberg</a></p>
<p><em>William Maley is a staff writer for Cheers &amp; Gears. He can be reached at </em><a href="mailto:william.maley@cheersandgears.com?subject=Re%3A%20Fisker%20hires%20Joel%20Ewanick" rel="">william.maley@cheersandgears.com</a> <em>or you can follow him on twitter at </em><a href="http://www.twitter.com/realmudmonster" rel="external nofollow">@realmudmonster</a><em>.</em></p>
]]></description><guid isPermaLink="false">1593</guid><pubDate>Tue, 28 May 2013 20:35:00 +0000</pubDate></item><item><title>Tesla Announces A New "Revolutionary" Leasing Program</title><link>https://www.cheersandgears.com/articles/news/tesla/tesla-announces-a-new-quotrevolutionaryquot-leasing-program-r1499/</link><description><![CDATA[
<p><img src="https://cdn.cheersandgears.com/monthly_2016_08/d6484665862d6c71d0e4aa3d8e360327.png.351149268ae5975c074c7c76a26f6e02.png" /></p>
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<p><strong><strong><strong>By William Maley</strong></strong></strong></p>
<p><strong><strong><strong>Staff Writer - CheersandGears.com</strong></strong></strong></p>
<p><strong><strong>April 3, 2013</strong></strong></p>
<p>Yesterday, Tesla announced a new, more affordable way to get behind the wheel of a Model S. Its what Tesla calls a "revolutionary new finance product" that combine the "best aspects of car leasing and ownership." How affordable are we talking about? Tesla was throwing a cost of less than $500 per month*.</p>
<p>How does this product work? From Tesla's press release,</p>
<p></p>
<blockquote data-ipsquote="" class="ipsQuote" data-ipsquote-contentapp="cms" data-ipsquote-contenttype="records1" data-ipsquote-contentid="1499" data-ipsquote-contentclass="cms_Records1"><div>
<ul>
<li>US Bank and Wells Fargo have agreed to provide 10% down financing for purchase of a Model S (on approved credit)<br>
</li>
<li>The 10% down payment is covered or more than covered by US Federal and state tax credits ranging from $7,500 to $15,000. New Jersey, Washington and DC also have no sales tax for electric vehicles. These advantages are not available when leasing.<br>
</li>
<li>When considering the savings from using electricity instead of gasoline, depreciation benefits and other factors, the true net out of pocket cost to own a mid-range Model S drops to less than $500 per month.<br>
</li>
<li>After 36 months, you have the right, but not the obligation to sell your Model S to Tesla for the same residual value percentage as the iconic Mercedes S Class, one of the finest premium sedans in the world, made by Daimler (also a Tesla partner and investor).<br>
</li>
<li>Not only is Tesla guaranteeing that resale value, but Tesla CEO Elon Musk is personally standing behind that guarantee to give customers absolute peace of mind about the value of the asset they are purchasing.<br>
</li>
</ul>
<p></p>
</div></blockquote>
<p>Note a key phase in that quote. "When considering the savings from using electricity instead of gasoline, depreciation benefits and other factors, the true net out of pocket cost to own a mid-range Model S drops to less than $500 per month." In other words, they're factoring cost of ownership into the payment.</p>
<p>Tesla has a calculator on their site that shows Effective Monthly Cost and the actual payment you'll be making. Using myself as an example, here are the Effective Monthly Costs and payments for the three Model S models.</p>
<ul>
<li>60 kWh: $866 (effective), $1,051 (payment)<br>
</li>
<li>85 kWh: $1,042 (effective), $1,199 (payment)<br>
</li>
<li>85 kWh Performance: $1,305 (effective), $1,421 (payment)<br>
</li>
</ul>
<p></p>
<p>*Note: Payments are based a 2.95% APR, 10% down payment, and 66-month term loan, excluding sales tax and registration.</p>
<p>The big question of course is will anyone get that magical $500 per month payment or not.</p>
<p>I've only scratched the surface on this. <a href="http://www.motorauthority.com/news/1083324_tesla-model-s-for-500-per-month-no-just-no" rel="external nofollow">Motor Authority</a> has an in-depth article on Tesla's math that I recommend you check out.</p>
<p>In the meantime, you can check out Tesla's press release on the next page.</p>
<p><strong>Source</strong>: Tesla</p>
<p><em>William Maley is a staff writer for Cheers &amp; Gears. He can be reached at </em><a href="mailto:william.maley@cheersandgears.com?subject=Re%3A%20Fisker%20hires%20Joel%20Ewanick" rel="">william.maley@cheersandgears.com</a><em>or you can follow him on twitter at </em><a href="http://www.twitter.com/realmudmonster" rel="external nofollow">@realmudmonster</a><em>.</em></p>
<p><strong>Press Release is on Page 2</strong></p>
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<p><strong>Tesla Unveils Revolutionary New Finance Product</strong></p>
<p>Combines Best Aspects of Car Leasing and Ownership</p>
<p>PALO ALTO, Calif. – April 2, 2013 – Tesla Motors announced today that, in partnership with Wells Fargo and US Bank, it has created a revolutionary automotive financing product that provides the best elements of ownership and leasing to Model S customers.</p>
<p>Most people throughout the world prefer to own their belongings, rather than rent what is essentially someone else's property via a lease. However, leases do provide some key benefits, particularly a low initial payment, tax deductions, lower risk on resale value and the convenience of returning a car without the hassle of reselling it personally.</p>
<p>Working with some of the largest and most respected banks in the country, Tesla has been able to create a new kind of financing product that combines the surety and comfort of ownership with all the advantages of a traditional lease. Like the Model S, this product was created from the ground up to provide maximum benefit to consumers, rather than simply duplicating other financing programs that tend to favor companies at the expense of the individual.</p>
<p>How does it work?</p>
<ul>
<li>US Bank and Wells Fargo have agreed to provide 10% down financing for purchase of a Model S (on approved credit)<br>
</li>
<li>The 10% down payment is covered or more than covered by US Federal and state tax credits ranging from $7,500 to $15,000. New Jersey, Washington and DC also have no sales tax for electric vehicles. These advantages are not available when leasing.<br>
</li>
<li>When considering the savings from using electricity instead of gasoline, depreciation benefits and other factors, the true net out of pocket cost to own a mid-range Model S drops to less than $500 per month.<br>
</li>
<li>After 36 months, you have the right, but not the obligation to sell your Model S to Tesla for the same residual value percentage as the iconic Mercedes S Class, one of the finest premium sedans in the world, made by Daimler (also a Tesla partner and investor).<br>
</li>
<li>Not only is Tesla guaranteeing that resale value, but Tesla CEO Elon Musk is personally standing behind that guarantee to give customers absolute peace of mind about the value of the asset they are purchasing.<br>
</li>
</ul>
<p></p>
</div>
</div>]]></description><guid isPermaLink="false">1499</guid><pubDate>Wed, 03 Apr 2013 15:35:00 +0000</pubDate></item><item><title>Tesla Says Sales Of Model S Are Exceeding Expectations, Cans 40 kWh Model S</title><link>https://www.cheersandgears.com/articles/news/tesla/tesla-says-sales-of-model-s-are-exceeding-expectations-cans-40-kwh-model-s-r1496/</link><description><![CDATA[
<p><img src="https://cdn.cheersandgears.com/monthly_2016_08/af8f0b99e993044bb152d321ed83fd6b.png.31657b7af01670b8f74ec1b531d21b7d.png" /></p>
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<p><strong>By William Maley</strong></p>
<p><strong>Staff Writer - CheersandGears.com</strong></p>
<p><strong>April 2,</strong><strong> 2013</strong></p>
<p>Tesla announced some interesting bits of news yesterday. In a press release, the company announced sales of the Model S have exceeded a previous estimate for the first quarter by 250 vehicles. Tesla also said that they're delivering 500 vehicles a week, up from 400 not too long ago. </p>
<p>But that wasn't the most interesting bit of news. Further down the release, Tesla announced that they would not be building any of the 40 kWh Model Ss due to small number of orders they got for it (about 4% of total orders). Instead, Tesla will be giving the people who wanted to the 40 kWh model the 60 kWh models with the same range as the 40 kWh model (about 160 miles) thanks a software limiter on this model. The 60 kWh model also brings forth improved performance; 302 horsepower and 317 pound-feet of torque vs. the 235 horsepower and 310 pound-feet of torque on the 40 kWh model.</p>
<p>You can remove the limiter on the 60 kWh range-limited model buy spending $10,000, which happens to be the cost difference between the 40 kWh and 60 kWh models. Tesla says its an option for both original and second-hand owners.</p>
<p><strong>Source</strong>: Tesla, <a href="http://www.wired.com/autopia/2013/04/tesla-model-s-40-kwh/" rel="external nofollow">Wired's Autopia</a></p>
<p><em>William Maley is a staff writer for Cheers &amp; Gears. He can be reached at </em><a href="mailto:william.maley@cheersandgears.com?subject=Re%3A%20Fisker%20hires%20Joel%20Ewanick" rel="">william.maley@cheersandgears.com</a><em>or you can follow him on twitter at </em><a href="http://www.twitter.com/realmudmonster" rel="external nofollow">@realmudmonster</a><em>.</em></p>
<p><strong>Press Release is on Page 2</strong></p>
</div>
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<p><strong>TESLA MODEL S SALES EXCEED TARGET</strong></p>
<p>Profitability Guidance Amended Upward</p>
<p>40 kWh Battery Cancelled</p>
<p>SUNDAY, MARCH 31, 2013</p>
<p>Tesla Motors announced today that sales of its Model S vehicle exceeded the target provided in the mid February shareholder letter. As customers who note their Model S serial number this weekend will realize, vehicle deliveries (sales) exceeded 4,750 units vs. the 4,500 unit prior outlook. As a result, Tesla is amending its Q1 guidance to full profitability, both GAAP and non-GAAP.</p>
<p>"I am incredibly proud of the Tesla team for their outstanding work. There have been many car startups over the past several decades, but profitability is what makes a company real. Tesla is here to stay and keep fighting for the electric car revolution," said Elon Musk, Tesla Motors co-founder and CEO. "I would also like to thank our customers for their passionate support of the company and the car. Without them, we would not be here."</p>
<p>Also being announced today is that the small battery option for the Model S will not enter production, due to lack of demand. Only four percent of customers chose the 40 kWh battery pack, which is not enough to justify production of that version. Customers are voting with their wallet that they want a car that gives them the freedom to travel long distances when needed.</p>
<p>The customers who ordered this option will instead receive the 60 kWh pack, but range will be software limited to 40 kWh. It will still have the improved acceleration and top speed of the bigger pack, so will be a better product than originally ordered, and can be upgraded to the range of the 60 kWh upon request by the original or a future owner.</p>
<p>Tesla is also revealing a small Easter egg today: all 60 kWh cars have been and will be built with Supercharger hardware included. Tesla is taking a slight cost risk that ultimately all customers will want to buy the Supercharger upgrade and receive unlimited, free long distance travel for life. Even for those that never drive long distances, this will improve the resale value of their car to people that do.</p>
<p>ABOUT TESLA</p>
<p>Tesla Motors' (NASDAQ: TSLA) goal is to accelerate the world's transition to electric mobility with a full range of increasingly affordable electric cars. California-based Tesla designs and manufactures EVs, as well as EV powertrain components for partners such as Toyota and Daimler. Tesla has delivered almost 10,000 electric vehicles to customers in 31 countries.</p>
<p>Forward-Looking Statement</p>
<p>Certain statements in this press release, including statements regarding the expected profitability of the company, the availability of vehicle features and options and the Supercharger network, are "forward-looking statements" that are subject to risks and uncertainties. These forward-looking statements are based on management's current expectations, and as a result of certain risks and uncertainties, actual results may differ materially from those projected. Various important factors could cause actual results to differ materially from those in the forward-looking statements, including the risks and uncertainties identified under the sections captioned "Risk Factors" and "Management's Discussion and Analysis of Financial Condition and Results Of Operations" in Tesla's Form 10-K filed on March 7, 2013. Tesla disclaims any obligation to update information contained in these forward-looking statements.</p>
</div>
</div>]]></description><guid isPermaLink="false">1496</guid><pubDate>Tue, 02 Apr 2013 13:15:00 +0000</pubDate></item><item><title>Tesla Delays The Model X By A Year</title><link>https://www.cheersandgears.com/articles/news/tesla/tesla-delays-the-model-x-by-a-year-r1429/</link><description><![CDATA[
<p><img src="https://cdn.cheersandgears.com/monthly_2016_08/b124b80f493896faff3c661997d5f805.jpg.7c6911c2dcace30789ec45e326cf2596.jpg" /></p>

<p><strong>By William Maley</strong></p>
<p><strong>Staff Writer - CheersandGears.com</strong></p>
<p><strong>March 11, 2013</strong></p>
<p>Tesla is quietly pushing back the start of production for their next model, the Model X. </p>
<p>Originally Tesla said production of the Model X crossover would begin this year, with sales beginning in early 2014. However in a filling with Securities and Exchange Commission, Tesla push back the production date to 2014.</p>
<p>"We currently plan to start production of Model X in late 2014. We anticipate that we will make Model X available with 60 kWh and 85 kWh battery pack options, with pricing of each version similar to those of a comparably equipped Model S. We currently intend to target an annual production rate of approximately 10,000 -15,000 cars per year from our Tesla Factory," Tesla said in their filling.</p>
<p>So why the delay for the Model X? Tesla spokeswoman Shanna Hendriks told the Los Angeles Times the company is focusing on the production of the Model S, which is expected to reach 20,000 units this year.</p>
<p><strong>Source</strong>: <a href="http://www.latimes.com/business/autos/la-fi-hy-tesla-to-repay-federal-loans-five-years-early-20130308,0,5843577.story" rel="external nofollow">Los Angeles Times</a>, <a href="http://www.sec.gov/Archives/edgar/data/1318605/000119312513096241/d452995d10k.htm" rel="external nofollow">Securities and Exchange Commission</a></p>
<p><em>William Maley is a staff writer for Cheers &amp; Gears. He can be reached at </em><a href="mailto:william.maley@cheersandgears.com?subject=Re%3A%20Fisker%20hires%20Joel%20Ewanick" rel="">william.maley@cheersandgears.com</a> <em>or you can follow him on twitter at </em><a href="http://www.twitter.com/realmudmonster" rel="external nofollow">@realmudmonster</a><em>.</em></p>
]]></description><guid isPermaLink="false">1429</guid><pubDate>Mon, 11 Mar 2013 20:50:00 +0000</pubDate></item></channel></rss>
