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Found 259 results

  1. Tesla only has one assembly plant in Fremont, California. But that could be changing in the near future. Yesterday, Tesla and the and the Shanghai government reached a preliminary deal for a new assembly plant. The automaker expects production in about three year's time, provided they can get the approvals and permits needed. Tesla says the plant could build up to 500,000 vehicles annually. According to Bloomberg, the plant is expected to build the Model 3 sedan and upcoming Model Y crossover. Tesla building a plant in China doesn't come as surprise. The country is the largest market for electric vehicles, and most forecasters believe sales will skyrocket as government regulations push toward a goal of 100 percent electric vehicles by 2030. There are some questions about this new factory. For one, how is Tesla going to pay for this new plant? At the end of the first quarter, the company burned through $2.7 billion, mostly due to various issues dealing with ramping up Model 3 production. The Shanghai government said it would help cover some of capital costs. The other is will Tesla need to share technologies with a Chinese partner. Currently, any foreign automaker has to enter into a joint venture with a Chinese automaker and transfer various technologies. "For technology transfer, it is a matter subject to negotiation between the enterprises," said Huang Ou, deputy head of the Shanghai government’s economy and information technology commission. The Chinese government announced back in May that it would scrap the rules for "capping foreign ownership of new-energy vehicle ventures" by 2022. Source: Bloomberg, Reuters View full article
  2. William Maley

    Tesla Plans A Second Assembly Plant In Shanghai

    Tesla only has one assembly plant in Fremont, California. But that could be changing in the near future. Yesterday, Tesla and the and the Shanghai government reached a preliminary deal for a new assembly plant. The automaker expects production in about three year's time, provided they can get the approvals and permits needed. Tesla says the plant could build up to 500,000 vehicles annually. According to Bloomberg, the plant is expected to build the Model 3 sedan and upcoming Model Y crossover. Tesla building a plant in China doesn't come as surprise. The country is the largest market for electric vehicles, and most forecasters believe sales will skyrocket as government regulations push toward a goal of 100 percent electric vehicles by 2030. There are some questions about this new factory. For one, how is Tesla going to pay for this new plant? At the end of the first quarter, the company burned through $2.7 billion, mostly due to various issues dealing with ramping up Model 3 production. The Shanghai government said it would help cover some of capital costs. The other is will Tesla need to share technologies with a Chinese partner. Currently, any foreign automaker has to enter into a joint venture with a Chinese automaker and transfer various technologies. "For technology transfer, it is a matter subject to negotiation between the enterprises," said Huang Ou, deputy head of the Shanghai government’s economy and information technology commission. The Chinese government announced back in May that it would scrap the rules for "capping foreign ownership of new-energy vehicle ventures" by 2022. Source: Bloomberg, Reuters
  3. dfelt

    Tesla Auto Plates

    Gotta love EV owners plates:
  4. Tesla has finally done it. Over the weekend, the company hit their milestone of producing 5,000 Model 3s in a week only a few hours after the deadline set by CEO Elon Musk - the end of the second quarter. Two Tesla factory workers told Reuters that the 5,000th Model 3 cleared final inspection around 5:00 AM PDT. “We did it!! We either found a way or, by will and inventiveness, created entirely new solutions that were thought impossible. Intense in tents. Transporting entire production lines across the world in massive cargo planes. Whatever. It worked,” said Tesla CEO Elon Musk in an email to employees. “I think we just became a real car company.” Reaching this goal was quite hard for the automaker. Numerous delays and production issues caused Tesla to push back production milestones on a seemingly regular basis. The company had to build a makeshift assembly line in a tent within the past month to help bolster production. But can Tesla keep up this output? There are concerns they might not be able to do it. According to one worker, Tesla sent employees from other departments to the Model 3 production line to keep it going. This including shutting down parts of the factory such as the Model S production line. “Reaching it is one thing,” said Dave Sullivan, manager of product analysis for AutoPacific Inc to Bloomberg. “Consistently producing 5,000 per week with outstanding quality is another.” Source: Bloomberg, Reuters View full article
  5. Tesla has finally done it. Over the weekend, the company hit their milestone of producing 5,000 Model 3s in a week only a few hours after the deadline set by CEO Elon Musk - the end of the second quarter. Two Tesla factory workers told Reuters that the 5,000th Model 3 cleared final inspection around 5:00 AM PDT. “We did it!! We either found a way or, by will and inventiveness, created entirely new solutions that were thought impossible. Intense in tents. Transporting entire production lines across the world in massive cargo planes. Whatever. It worked,” said Tesla CEO Elon Musk in an email to employees. “I think we just became a real car company.” Reaching this goal was quite hard for the automaker. Numerous delays and production issues caused Tesla to push back production milestones on a seemingly regular basis. The company had to build a makeshift assembly line in a tent within the past month to help bolster production. But can Tesla keep up this output? There are concerns they might not be able to do it. According to one worker, Tesla sent employees from other departments to the Model 3 production line to keep it going. This including shutting down parts of the factory such as the Model S production line. “Reaching it is one thing,” said Dave Sullivan, manager of product analysis for AutoPacific Inc to Bloomberg. “Consistently producing 5,000 per week with outstanding quality is another.” Source: Bloomberg, Reuters
  6. https://www.wsj.com/articles/elon-musk-races-to-exit-teslas-production-hell-1530149814 https://www.detroitnews.com/story/business/autos/2018/06/28/elon-musk-calls-ford-morgue-ford-fires-back/741328002/ Seems Elon Musk is up to his habit of deflecting attention on Tesla's lack of profit, inability to deliver 5000 Model 3s a week and has to rely on calling for "like a morgue according to the news. Seems lots of finger pointing by Musk and yet Ford, GM and others have shown the media how they turn out a 1000 auto's a day on their production lines. Ford recently brought the media into one of their plants to show off how they build 1000 trucks / SUVs a day on the assembly line. Something Tesla has not been able to reproduce. https://www.detroitnews.com/story/business/autos/ford/2018/02/12/ford-boosts-navigator-expedition-production/110331592/
  7. Tesla and General Motors lead the pack when it comes to the sales of plug-in vehicles. Data from Automotive News says Tesla stands at 193,344 vehicles, followed by GM at 181,062, But there arises a problem; once they cross the 200,000 mark, the phaseout of the $7,500 tax credit begins. Tesla is expected to be first with some predicting it taking place next month (provided they don't run into more production troubles). GM will follow sometime next year. Barring some sort of extension of the program, it will put the two automakers in a bit of bind where they'll be playing on an uneven playing field due to increased costs. It should be noted that the tax credit won't disappear. The way the phaseout works is that the $7,500 credit sticks around for two more quarters after the 200,000 mark is reached. After that, the credit is cut to $3,750 for the next two quarters, then it drops to $1,875 for two more quarters before it is gone. "The groundbreakers, the people who forged ahead and got these products out there first, could be at a significant disadvantage now. I don't think it's fair to reward a company that hasn't been as innovative with an incentive that begins when someone else's ends," said Rebecca Lindland, executive analyst at Kelly Blue Book. Industry experts expect GM to take a bigger hit than Tesla due to the credit affecting decisions on "lower-priced vehicles such as the sub-$40,000 Chevrolet Volt more than a $75,000-plus Tesla Model S or X" according to research done by the Institute of Transportation Studies at the University of California-Davis. A study in 2016 bears this out. 40 percent of Chevrolet Volt buyers admit they wouldn't have purchased one without the tax credit. Only 14 percent of Tesla buyers say the same. This likely explains why various GM executives have been pushing the White House for a possible extension of the credit. "At the end of the day, we think having the benefits is great for the customer, because obviously it makes the EV adoption easier and more attractive," GM North America President Alan Batey told Automotive News. Source: Automotive News (Subscription Required) View full article
  8. Tesla and General Motors lead the pack when it comes to the sales of plug-in vehicles. Data from Automotive News says Tesla stands at 193,344 vehicles, followed by GM at 181,062, But there arises a problem; once they cross the 200,000 mark, the phaseout of the $7,500 tax credit begins. Tesla is expected to be first with some predicting it taking place next month (provided they don't run into more production troubles). GM will follow sometime next year. Barring some sort of extension of the program, it will put the two automakers in a bit of bind where they'll be playing on an uneven playing field due to increased costs. It should be noted that the tax credit won't disappear. The way the phaseout works is that the $7,500 credit sticks around for two more quarters after the 200,000 mark is reached. After that, the credit is cut to $3,750 for the next two quarters, then it drops to $1,875 for two more quarters before it is gone. "The groundbreakers, the people who forged ahead and got these products out there first, could be at a significant disadvantage now. I don't think it's fair to reward a company that hasn't been as innovative with an incentive that begins when someone else's ends," said Rebecca Lindland, executive analyst at Kelly Blue Book. Industry experts expect GM to take a bigger hit than Tesla due to the credit affecting decisions on "lower-priced vehicles such as the sub-$40,000 Chevrolet Volt more than a $75,000-plus Tesla Model S or X" according to research done by the Institute of Transportation Studies at the University of California-Davis. A study in 2016 bears this out. 40 percent of Chevrolet Volt buyers admit they wouldn't have purchased one without the tax credit. Only 14 percent of Tesla buyers say the same. This likely explains why various GM executives have been pushing the White House for a possible extension of the credit. "At the end of the day, we think having the benefits is great for the customer, because obviously it makes the EV adoption easier and more attractive," GM North America President Alan Batey told Automotive News. Source: Automotive News (Subscription Required)
  9. https://insideevs.com/chevy-offers-loaner-bolt-to-couple-who-lost-tesla-model-s-to-fire/ This is an interesting story on insideevs about a Tesla S that catches fire and burns down and Chevrolet coming to the assist of loaning them a Bolt to continue to drive around till things get resolved. On street person recorded this and posted it: Some funny tweets on this:
  10. The National Highway Traffic Safety Administration has sent a cease-and-desist letter to Dolder, Falco and Reese Partners LLC, the company behind an aftermarket device called the Autopilot Buddy. Autopilot Buddy is a small, weighted device that clips onto either side of the wheel to place minor amounts of torque. This fools the Autopilot system into thinking that a driver has their hands on the wheel. The company markets the device as "nag reduction device", reducing the amount of warnings to tell driver to keep their hands on the wheel. The company has a disclaimer on Autopilot Buddy that states, This would be ok if a video demonstrating the product didn't appear to be on a public road of sorts. “A product intended to circumvent motor vehicle safety and driver attentiveness is unacceptable. By preventing the safety system from warning the driver to return their hands to the wheel, this product disables an important safeguard, and could put customers and other road users at risk,” said NHTSA Deputy Administrator Heidi King in a statement. NHTSA has given Dolder, Falco and Reese Partners LLC till June 29th to respond and certify to NHTSA "that all U.S. marketing, sales, and distribution of the Autopilot Buddy has ended." Source: Roadshow, NHTSA View full article
  11. The National Highway Traffic Safety Administration has sent a cease-and-desist letter to Dolder, Falco and Reese Partners LLC, the company behind an aftermarket device called the Autopilot Buddy. Autopilot Buddy is a small, weighted device that clips onto either side of the wheel to place minor amounts of torque. This fools the Autopilot system into thinking that a driver has their hands on the wheel. The company markets the device as "nag reduction device", reducing the amount of warnings to tell driver to keep their hands on the wheel. The company has a disclaimer on Autopilot Buddy that states, This would be ok if a video demonstrating the product didn't appear to be on a public road of sorts. “A product intended to circumvent motor vehicle safety and driver attentiveness is unacceptable. By preventing the safety system from warning the driver to return their hands to the wheel, this product disables an important safeguard, and could put customers and other road users at risk,” said NHTSA Deputy Administrator Heidi King in a statement. NHTSA has given Dolder, Falco and Reese Partners LLC till June 29th to respond and certify to NHTSA "that all U.S. marketing, sales, and distribution of the Autopilot Buddy has ended." Source: Roadshow, NHTSA
  12. Pretty clear that the Tesla autopilot works well up to the point it needs your help and then it needs your help faster than you can respond. Good 2 min video showing how this happens. Full story from BBC here: https://www.bbc.com/news/technology-44439523
  13. William Maley

    Tesla Lays Off 9 Percent of Their Workforce

    In a staff-wide email sent today, Tesla CEO announced that the company would be laying off nine percent of its staff across the company. The cuts comes as part of "an effort to reduce costs and become profitable.” “Given that Tesla has never made an annual profit in the almost 15 years since we have existed, profit is obviously not what motivates us. What drives us is our mission to accelerate the world’s transition to sustainable, clean energy, but we will never achieve that mission unless we eventually demonstrate that we can be sustainably profitable. That is a valid and fair criticism of Tesla’s history to date,” wrote Musk. The layoffs will not effect workers on the production, instead focusing on those working in various white-collar positions. Musk stressed this will not affect plans on reaching production targets for the Model 3 in the coming months. “Tesla has grown and evolved rapidly over the past several years, which has resulted in some duplication of roles and some job functions that, while they made sense in the past, are difficult to justify today,” Musk wrote. Those being laid off will get "significant salary and stock vesting" by the company. Source: Bloomberg, Fortune, Roadshow View full article
  14. William Maley

    Tesla Lays Off 9 Percent of Their Workforce

    In a staff-wide email sent today, Tesla CEO announced that the company would be laying off nine percent of its staff across the company. The cuts comes as part of "an effort to reduce costs and become profitable.” “Given that Tesla has never made an annual profit in the almost 15 years since we have existed, profit is obviously not what motivates us. What drives us is our mission to accelerate the world’s transition to sustainable, clean energy, but we will never achieve that mission unless we eventually demonstrate that we can be sustainably profitable. That is a valid and fair criticism of Tesla’s history to date,” wrote Musk. The layoffs will not effect workers on the production, instead focusing on those working in various white-collar positions. Musk stressed this will not affect plans on reaching production targets for the Model 3 in the coming months. “Tesla has grown and evolved rapidly over the past several years, which has resulted in some duplication of roles and some job functions that, while they made sense in the past, are difficult to justify today,” Musk wrote. Those being laid off will get "significant salary and stock vesting" by the company. Source: Bloomberg, Fortune, Roadshow
  15. https://www.cnbc.com/2018/06/12/tesla-to-cut-about-9-percent-of-jobs-across-company-report.html Tesla planning to cut 4,100 jobs worldwide announced today via email from Musk. EMAIL MESSAGE
  16. Tesla Semi starting off with a Bang, Can Tesla Deliver? Tesla in the last week has gone from zero to hero in regards to helping companies that have fleets of semi trucks potentially reduce their carbon footprint. Anheuser-Busch started off with pre-ordering 40 of the Semi's. This was then followed by Sysco ordering 50 themselves. This week we now hear that PepsiCo has placed an order for 100 EV Semi's. Story is all the same, reduce costs of maintenance and fuel plus adding silence into their night / early morning deliveries. Sysco being one of the largest food delivery companies along with Bud's order places it at $13.5 million in semi value. PepsiCo adds another $15 million so a total of $28.5 million. Then Wal-Mart places an order for 15 of the trucks for testing with a price of $2.25 million. DHL has also ordered 10 of the Semi's for testing in the US market so another $1.5 . J.B. Hunt and Ryder truck hauling lease companies have also placed large orders they say but have declined to say how many at this time for EV Semis. This brings in the last 2 weeks since the semi's introduction about 200 pre-orders of the trucks or about $30 million book value with an unknown amount from two of the biggest leasing truck companies. PepsiCo has 10,000 semi's alone on the roads of North America and has a goal to reduce greenhouse gas production on the road by 30% by 2030. Seems it could be even more trucks to be ordered to help them achieve this number. Over all, Tesla has had some game changing ideas, yet with the Tesla 3 mess of building the cars, one does have to wonder if Tesla can deliver and get these trucks to market by 2019. It seems that this has been good for Tesla stock as the more truck orders being placed has continued to push up the stock price. https://binged.it/2BXGYSp Story References Autoblog story Reuters Story Wall Street Journal Story Car Freaks Story
  17. There were serious concerns before the beginning of Tesla's annual shareholders meeting mostly due to CEO Elon Musk's erratic behavior over the past month or so. But Musk was on his best behavior during the meeting, where some big announcements were made. On the business front, Tesla shareholders voted to keep Antonio Gracias, James Murdoch, and Kimbal Musk on the board, despite criticisms from a group of shareholders that they aren't fully independent from Musk. There was also the proposal of splitting the chairman and CEO posts held by Musk, with one investor saying it has become difficult for Musk to oversee the company. This motion would be defeated. "At Tesla we build our cars with love. At a lot of other companies, they're built by marketing or the finance department and there's no soul. We're not perfect but we pour our heart and soul into it and we really care," said Musk, choking up on the mic after the voting took place. From there, Musk went on to talk about what's in the pipeline for Tesla. He started with the Model 3 by claiming it was the best selling mid-sized premium sedan in the U.S. and had a graph to prove it - though we're a bit dubious as to this claim since the graph doesn't label the x and y axises. Musk also claimed that Tesla is producing 3,500 Model 3s per week and is “quite likely” to be building 5,000 of the sedans a week by the end of this month. This will happen through the addition of a third production line at their Freemont, CA Plant. “The biggest constraint on output is general assembly. We can probably get to 5,000 a week with the current two general assembly lines. But with the third one, I’m highly confident that we can exceed 5,000 units per week,” said Musk. Production of the mystical $35,000 Model 3 will begin sometime early next year according to Musk. In other product news, the Model Y crossover was teased once again. The current plan is to reveal it next March with production to begin in 2020. Autopilot made some news during the meeting as Tesla announced a new free trial to owners who haven't decided to opt-in. Musk revealed that a planned Autopilot upgrade will begin rolling out later this week and promises a marked improvement. Other news from the meeting: Tesla will be adding another plant in Shanghai. The plant will produce battery packs, cars, and powertrains. More details may be announced as soon as next month. Musk also revealed plans to build a plant in Europe towards the end of this year. Tesla service centers will be increasing in size and adding body shops. This could solve one of biggest issues of the current system to repair Teslas involved in accidents. Currently, Tesla requires a body shop to order parts directly from the factory, which takes weeks for parts to be delivered. The semi-truck has been going through various revisions in terms of design and powertrains with the goal of making it a world-wide vehicle. Source: Bloomberg, (2), Reuters, Roadshow
  18. There were serious concerns before the beginning of Tesla's annual shareholders meeting mostly due to CEO Elon Musk's erratic behavior over the past month or so. But Musk was on his best behavior during the meeting, where some big announcements were made. On the business front, Tesla shareholders voted to keep Antonio Gracias, James Murdoch, and Kimbal Musk on the board, despite criticisms from a group of shareholders that they aren't fully independent from Musk. There was also the proposal of splitting the chairman and CEO posts held by Musk, with one investor saying it has become difficult for Musk to oversee the company. This motion would be defeated. "At Tesla we build our cars with love. At a lot of other companies, they're built by marketing or the finance department and there's no soul. We're not perfect but we pour our heart and soul into it and we really care," said Musk, choking up on the mic after the voting took place. From there, Musk went on to talk about what's in the pipeline for Tesla. He started with the Model 3 by claiming it was the best selling mid-sized premium sedan in the U.S. and had a graph to prove it - though we're a bit dubious as to this claim since the graph doesn't label the x and y axises. Musk also claimed that Tesla is producing 3,500 Model 3s per week and is “quite likely” to be building 5,000 of the sedans a week by the end of this month. This will happen through the addition of a third production line at their Freemont, CA Plant. “The biggest constraint on output is general assembly. We can probably get to 5,000 a week with the current two general assembly lines. But with the third one, I’m highly confident that we can exceed 5,000 units per week,” said Musk. Production of the mystical $35,000 Model 3 will begin sometime early next year according to Musk. In other product news, the Model Y crossover was teased once again. The current plan is to reveal it next March with production to begin in 2020. Autopilot made some news during the meeting as Tesla announced a new free trial to owners who haven't decided to opt-in. Musk revealed that a planned Autopilot upgrade will begin rolling out later this week and promises a marked improvement. Other news from the meeting: Tesla will be adding another plant in Shanghai. The plant will produce battery packs, cars, and powertrains. More details may be announced as soon as next month. Musk also revealed plans to build a plant in Europe towards the end of this year. Tesla service centers will be increasing in size and adding body shops. This could solve one of biggest issues of the current system to repair Teslas involved in accidents. Currently, Tesla requires a body shop to order parts directly from the factory, which takes weeks for parts to be delivered. The semi-truck has been going through various revisions in terms of design and powertrains with the goal of making it a world-wide vehicle. Source: Bloomberg, (2), Reuters, Roadshow View full article
  19. Over two years ago, hundreds of thousands of people put down $1,000 deposit to order their very own Tesla Model 3 with the hoping of getting it in 2018. Flash forward to now and a growing number of those have been asking for their money back. Second Measure, a company that analyzes billions of dollars in anonymized credit and debit card purchases to determine various trends said in a post today that 23 percent of reservation-holders have asked for a refund as of April, a noticeable increase from 12 percent last August. Contrast this with only 8 percent of holders that have configured a Model 3 for production. The remaining 69 percent is a mixture of those waiting for their turn to configure their vehicle and those who are waiting for a refund - numbers Tesla only knows. A Tesla spokesperson told Recode that their internal data "does not align" with Second Measure's data, but would not go into specifics into as to how far off. Tesla has been struggling with Model 3 production for some time, pushing back production targets several times. At the moment, Tesla is targeting "approximately 5,000 Model 3's per week in about two months." Source: Recode, Second Measure
  20. Over two years ago, hundreds of thousands of people put down $1,000 deposit to order their very own Tesla Model 3 with the hoping of getting it in 2018. Flash forward to now and a growing number of those have been asking for their money back. Second Measure, a company that analyzes billions of dollars in anonymized credit and debit card purchases to determine various trends said in a post today that 23 percent of reservation-holders have asked for a refund as of April, a noticeable increase from 12 percent last August. Contrast this with only 8 percent of holders that have configured a Model 3 for production. The remaining 69 percent is a mixture of those waiting for their turn to configure their vehicle and those who are waiting for a refund - numbers Tesla only knows. A Tesla spokesperson told Recode that their internal data "does not align" with Second Measure's data, but would not go into specifics into as to how far off. Tesla has been struggling with Model 3 production for some time, pushing back production targets several times. At the moment, Tesla is targeting "approximately 5,000 Model 3's per week in about two months." Source: Recode, Second Measure View full article
  21. Found a good read on how Tesla is improving their Tesla 3 battery pack with the use of High Strength Steel in the car to protect a less protected battery pack. Interesting is the floppy battery cover they remove and they reduced weight by building the AC and DC to DC converters into the battery pack making it more efficient and less complex modules located around the auto. https://insideevs.com/what-makes-the-tesla-model-3-battery-pack-so-light/ https://insideevs.com/watch-as-tesla-model-3-battery-is-removed-and-disassembled/ Also interesting read on how Panasonic / Tesla are reducing their Cobalt needs heading towards zero cobalt. https://insideevs.com/tesla-panasonic-quietly-outmaneuvers-all-lithium-battery-manufacturers/
  22. Hits Keep Coming for Tesla 3 Edmunds two years ago put down a $1,000 deposit for the Tesla 3 and bought a $56,000 configured Tesla 3. This car to date has only been able to rack up 5,257 miles in 4 months due a very long list of problems and multiple service calls for what many call cutting edge EV. The goal was to rack up at least 1,700 miles a month in the Tesla 3, so 6,800 miles in 4 months yet the EV is sidelined again awaiting a service call. Edmunds has confirmed that the Tesla 3 met and at other times surpassed the EPA rating for the car. The list of issues is so long that they have a google doc to just keep track of them all. Most common issues is the annoying and repeated uncontrollable increase in stereo volume even when your not in the car to maximum sound. This is just a small issue compared to the keycards not being recognized, touch screen freeze up and interior parts falling off the car such as the vanity mirror, which has been fixed and yet still seems to fall off when you open it. As the story continues, after the last service call where numerous issues were fixed, they then left to go on a drive and had the auto lock them out of being able to shift into drive or reverse until the auto rebooted and powered up. This along with a message that the car is in limited regenerative braking mode and the message that the car cannot maintain vehicle power and may stop or shutdown. There are a few highlights in regards to storage space and speed, but the pictures are funny. Currently this long term drive test auto is leaving anything but a positive experience for Edmunds. Edmonds Story
  23. Tesla's 'production hell' is continuing on and is causing the automaker to shut down the Model 3 assembly line for almost a week. Reuters has learned from two sources that Tesla will stop production of the Model 3 from May 26th to 31st in an effort to fix the various bottlenecks on the line. A Tesla spokesperson declined to comment. Tesla warned that there would be 10 days of temporary shutdowns this quarter in an effort to try and get Model 3 production back up and running smoothly. CEO Elon Musk said the shutdowns would be used to make upgrades to reach a goal of building 5,000 Model 3s by the end of June. Already, Tesla stopped production for a few days last month, and also in February. The key problem is Tesla's over-reliance on robots for production, something Musk acknowledges. Source: Reuters
  24. Tesla's 'production hell' is continuing on and is causing the automaker to shut down the Model 3 assembly line for almost a week. Reuters has learned from two sources that Tesla will stop production of the Model 3 from May 26th to 31st in an effort to fix the various bottlenecks on the line. A Tesla spokesperson declined to comment. Tesla warned that there would be 10 days of temporary shutdowns this quarter in an effort to try and get Model 3 production back up and running smoothly. CEO Elon Musk said the shutdowns would be used to make upgrades to reach a goal of building 5,000 Model 3s by the end of June. Already, Tesla stopped production for a few days last month, and also in February. The key problem is Tesla's over-reliance on robots for production, something Musk acknowledges. Source: Reuters View full article
  25. William Maley

    Tesla's Model 3 Gets Even More Expensive

    .Over the weekend, Tesla CEO Elon Musk took to Twitter and announced a new powerful version of the Model 3. The version according to Musk will cost $78,000 and will be "quicker & with better handling. The last line of Musk's tweet made us chuckle since the current Model 3 warranty doesn't permit racing and autocross. Nevertheless, it has brought up questions as to where the $35,000 Model 3 is. For a number of buyers who plopped down the $1,000 deposit, this is the model they are waiting for. Musk gave a roundabout answer to where the low-priced Model 3 is. There is some truth to Musk's madness. Tesla is burning through cash like it is going out of style. According to Bloomberg, the company used up more than a billion in the first quarter. One way Tesla raises money is rolling out their most expensive variants of the Model S, X, and 3. Once they have enough cash, they will begin production of less expensive models. But the Model 3 has proven to be very problematic for Tesla. Various delays and production issues have caused Tesla to push back production targets for the Model 3 again and again. Tesla is aiming to produce 5,000 Model 3s a week by the end of the second quarter. “The idea that it’s supposed to be a car for everyone is kind of laughable. Anyone who wanted a base model may have to wait years out,” said Ivan Drury, senior manager of industry analysis at Edmunds.com. Source: Bloomberg (Subscription Required) View full article

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