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Found 337 results

  1. After four years of watching Porsche's Mission E concept go through the stages to production, the final product has finally arrived in the Porsche Taycan. In doing so, Porsche has its sights set directly on Telsa. At launch, the Taycan will be available only in the top trims of Taycan Turbo and Turbo S. Being fully electric, neither of them actually has a turbo of course. Packing a 93.4 kWh battery pack in its floor, the Taycan has a lower center of gravity than a Porsche 911. The top-line Turbo S can generate up to 750 horsepower with overboost mode engage and that will get the 5,100 lb car from 0 to 60 in 2.6 seconds. The standard Turbo makes do with 670 horsepower and a 0 to 60 of 3.0 seconds. Top track speed is limited to 161 mph for both. The Taycan is AWD using a dual motor system with one motor at each axle. Unlike EVs from Tesla and Nissan, Porsche uses a two-speed transmission to gain maximum acceleration and easy highway cruising. The Taycan is the first production EV with an 800 volt system instead of the more common 400 volts for other electric cars. With the fastest charging available on the market, the Taycan can recharge from 5% to 80% in just 22.5 minutes under ideal conditions when connected to a 270 kW charger that will be found at all Porsche dealerships. Home chargers will use a more common 9.6 kW charger. Higher speed charging using Electrify America's network is available for free for the first 3 years. While EPA ratings for range have yet to be released, the Turbo is rated for 236 miles to 279 miles on the EU cycle and the Turbo S is rated for 236 miles to 256 miles on the same cycle. Assume somewhere in the mid-250s once the EPA gets their hands on one. While the Taycan does get a traditional hydraulic braking system, Porsche says that the regenerative system can handle 90 percent of all braking. A standard adaptive air suspension is also there with Porsche Dynamic Chassis Control. On the interior Porsche mounted 5 screens that surround the front occupants with tech. Up front is a 2.8 cubic foot glove box storage space, and out back is a bit more roomy 12.9 cubic foot storage. Porsche put indents into the floor for rear passengers to give more legroom. The Taycan is expected to go on sales towards the end of this year. Launch pricing is $154,660 for the Turbo and the Turbo S starts at $186,350. Cheaper models will come later. View full article
  2. G. David Felt Staff Writer Alternative Energy - www.CheersandGears.com 200 MPH plus EV, Do we care? Yesterday April 13th 2017, Lucid sent out an email about how their near production test car hit a top speed of 217 mph at the Ohio's Transportation Center banked oval test track. Many of us that follow the industry know that Tesla limits their auto's to 155 mph. Lucid is on record that they intend to meet the needs of the high-speed cruising market of Europe and Middle east. Simulations can only go so far on a computer and then you have to put rubber to the road. This allows the engineers to monitor and tweak everything from the power train, suspension, body fluidity and so much more. This will allow them to review the data, make adjustments and come back later to push the limit even higher. We know that Lucid is planning on a $60,000 dollar 400hp, 240 mile range RWD EV with the top model being a six figure AWD 1,000 HP and 400 miles of range on a super dense battery pack. This begs the Question, other than the few places you can push this kind of Speed, Does it matter any more if an auto can go over 100 plus mph? This question comes from seeing so many auto's that are now breaking that 6 second 0-60 speed showing they have the torque and hp to maintain the speed needed for daily driving. Lucid News
  3. EV-curious. That’s what I would call myself. Someone that is interested in EVs but just hasn’t found the right one. There are many aspects of an EV that is appealing to me. Instant torque, quick acceleration, the ability to charge at your house or apartment, and the continuation of creating semi-autonomous driving. It’s all so exciting! I’m ready to go out and trade in my 2016 Volkswagen GTI for one now! Or am I? Let’s take a quick look at a small field of electric vehicles, starting with the brand new 2020 Porsche Taycan. The release of the 2020 Porsche Taycan is a feat in and of itself. The car itself is downright sexy, is has a handsome interior, and performance that is pure Porsche. Over 700 HP for the Turbo S model is impressive. It also costs what you would expect an electric super-Porsche would be since the range topping Taycans are coming out first. These are the Turbo and Turbo S which cost over $150,000. After these come onto the market, less expensive and less powerful versions will come. Would this be the car that I will buy? Sure, once I get that CMO position at a major company. This is a dream electric car, but not one that I would consider just yet. What about an attainable electric car? There are a few on the market that cover the bases. Vehicles like the Hyundai Kona Electric, Chevy Bolt, Nissan Leaf, and others have good to respectable range, decent features, and are not the most expensive vehicles. Average prices of $40,000-$45,000 is a bit steep, but electric cars usually command a premium over gasoline vehicles. They also have good driving aids such as blind spot monitoring and adaptive cruise control, something that my current car has and is top priority for me. They’re all very good cars but with flaws such as build quality and designs that keep me from considering one. My problem is simple: performance. Electric cars have instant torque at 0 RPM and can be extremely fast. These EVs just don’t cut the mustard for me since they are more about range than blistering speed. For around $45,000, I can get a gas-powered car such as a Genesis G70 3.3T that is faster, has better range, and the safety features I want. Let’s continue from good electric vehicles to “the best”. Right now, you are probably thinking: “Anthony, you are forgetting the king of electric vehicles. They are synonymous with electric cars and have a huge cult following.” Guess who that is? Yes, that is of course Tesla. You can’t write about electric cars without talking about Tesla. They are a very S 3 X Y R brand indeed. The Model S introduced expensive but seriously quick electric vehicles. The X brought us an odd but much-needed crossover. The 3 is the bread-and-butter maker with a starting price around $40,000, and acceleration that beats almost all vehicles in its class. The Y hasn’t come out yet but is a crossover version of the 3, and the Roadster is a $250,000 supercar. Even though there are three models currently available, I will focus on the Model 3 Performance since that is the one I am most interested in. There is a lot to like about the Model 3 Performance. It has “performance” in its name and with 450 HP, it is one of the quickest sedans I’ve ever driven. The instant torque from the motors is intoxicating and it handles well for a heavy vehicle. Does it tick all the boxes to convert to a Tesla-fanatic? No. Why? The interior. I am not a fan of controlling absolutely everything with a touchscreen and not having my speedometer in front of me. The Model 3 Performance can have semi-autonomous driving, but it is a $7,000 option. Tesla’s Autopilot driver-assist system is standard and is regarded to be one of the best, if not the best driver-assist system. Tesla has sold over 250,000 Model 3 vehicles and it is a genuinely amazing feat for a young company. The range is good at over 310 miles. Pricing starts at $55,000 and is fully-loaded around $64,000. If you are okay with the minimal interior and styling, get yourself a Model 3. I personally am not a fan of either of those, so onward we go. This brings me to a car I am waiting for: The Polestar 2 fastback. Polestar used to be a sub-division of Volvo, like AMG is to Mercedes-Benz. You can still get Polestar-tune Volvos, but Polestar has branched out into their own brand. The Polestar 2 is their first all-electric car. It has over 250 miles of range, 400 HP, and most import to me, gauges that are straight in front of the driver. The design is bold yet looks like an even more modern version of a Volvo. Since Polestar is a sporty company, the performance upgrades include upgraded shocks, brakes, and bigger wheels with Swedish gold seat belts. You get this package mainly for the gold seat belts. Is it pricey at over $60,000? Yes, but it feels justified for the 408 hp and range of 275 miles. 0-60 is said to be around 4.7 seconds but I suspect it will be lower. Will they sell Tesla Model 3 numbers of them? I highly doubt it since they area new brand, but it should be a great competitor to the Tesla Model 3. I like the concept of electric vehicles. I know that one day, there will be one charging at my house. Am I ready for an electric car? Yes. Is there any on the market that jumps out at me and gives me the satisfaction I have for my current car at a reasonable price of around $40,000 new? No. Do not get me wrong; there are electric cars that make sense for a multitude of situations. Range and charging are getting better, more features are getting added, and manufacturers are creating electric-only ranges of vehicles that will bring down the costs of more performance-oriented vehicles. I can go in-depth about certain electric cars in a future article. For now, I think I will keep my car and wait until something really catches my eye. That, or wait a few years and hope the Porsche Taycan depreciates enough that I can buy one. View full article
  4. EV-curious. That’s what I would call myself. Someone that is interested in EVs but just hasn’t found the right one. There are many aspects of an EV that is appealing to me. Instant torque, quick acceleration, the ability to charge at your house or apartment, and the continuation of creating semi-autonomous driving. It’s all so exciting! I’m ready to go out and trade in my 2016 Volkswagen GTI for one now! Or am I? Let’s take a quick look at a small field of electric vehicles, starting with the brand new 2020 Porsche Taycan. The release of the 2020 Porsche Taycan is a feat in and of itself. The car itself is downright sexy, is has a handsome interior, and performance that is pure Porsche. Over 700 HP for the Turbo S model is impressive. It also costs what you would expect an electric super-Porsche would be since the range topping Taycans are coming out first. These are the Turbo and Turbo S which cost over $150,000. After these come onto the market, less expensive and less powerful versions will come. Would this be the car that I will buy? Sure, once I get that CMO position at a major company. This is a dream electric car, but not one that I would consider just yet. What about an attainable electric car? There are a few on the market that cover the bases. Vehicles like the Hyundai Kona Electric, Chevy Bolt, Nissan Leaf, and others have good to respectable range, decent features, and are not the most expensive vehicles. Average prices of $40,000-$45,000 is a bit steep, but electric cars usually command a premium over gasoline vehicles. They also have good driving aids such as blind spot monitoring and adaptive cruise control, something that my current car has and is top priority for me. They’re all very good cars but with flaws such as build quality and designs that keep me from considering one. My problem is simple: performance. Electric cars have instant torque at 0 RPM and can be extremely fast. These EVs just don’t cut the mustard for me since they are more about range than blistering speed. For around $45,000, I can get a gas-powered car such as a Genesis G70 3.3T that is faster, has better range, and the safety features I want. Let’s continue from good electric vehicles to “the best”. Right now, you are probably thinking: “Anthony, you are forgetting the king of electric vehicles. They are synonymous with electric cars and have a huge cult following.” Guess who that is? Yes, that is of course Tesla. You can’t write about electric cars without talking about Tesla. They are a very S 3 X Y R brand indeed. The Model S introduced expensive but seriously quick electric vehicles. The X brought us an odd but much-needed crossover. The 3 is the bread-and-butter maker with a starting price around $40,000, and acceleration that beats almost all vehicles in its class. The Y hasn’t come out yet but is a crossover version of the 3, and the Roadster is a $250,000 supercar. Even though there are three models currently available, I will focus on the Model 3 Performance since that is the one I am most interested in. There is a lot to like about the Model 3 Performance. It has “performance” in its name and with 450 HP, it is one of the quickest sedans I’ve ever driven. The instant torque from the motors is intoxicating and it handles well for a heavy vehicle. Does it tick all the boxes to convert to a Tesla-fanatic? No. Why? The interior. I am not a fan of controlling absolutely everything with a touchscreen and not having my speedometer in front of me. The Model 3 Performance can have semi-autonomous driving, but it is a $7,000 option. Tesla’s Autopilot driver-assist system is standard and is regarded to be one of the best, if not the best driver-assist system. Tesla has sold over 250,000 Model 3 vehicles and it is a genuinely amazing feat for a young company. The range is good at over 310 miles. Pricing starts at $55,000 and is fully-loaded around $64,000. If you are okay with the minimal interior and styling, get yourself a Model 3. I personally am not a fan of either of those, so onward we go. This brings me to a car I am waiting for: The Polestar 2 fastback. Polestar used to be a sub-division of Volvo, like AMG is to Mercedes-Benz. You can still get Polestar-tune Volvos, but Polestar has branched out into their own brand. The Polestar 2 is their first all-electric car. It has over 250 miles of range, 400 HP, and most import to me, gauges that are straight in front of the driver. The design is bold yet looks like an even more modern version of a Volvo. Since Polestar is a sporty company, the performance upgrades include upgraded shocks, brakes, and bigger wheels with Swedish gold seat belts. You get this package mainly for the gold seat belts. Is it pricey at over $60,000? Yes, but it feels justified for the 408 hp and range of 275 miles. 0-60 is said to be around 4.7 seconds but I suspect it will be lower. Will they sell Tesla Model 3 numbers of them? I highly doubt it since they area new brand, but it should be a great competitor to the Tesla Model 3. I like the concept of electric vehicles. I know that one day, there will be one charging at my house. Am I ready for an electric car? Yes. Is there any on the market that jumps out at me and gives me the satisfaction I have for my current car at a reasonable price of around $40,000 new? No. Do not get me wrong; there are electric cars that make sense for a multitude of situations. Range and charging are getting better, more features are getting added, and manufacturers are creating electric-only ranges of vehicles that will bring down the costs of more performance-oriented vehicles. I can go in-depth about certain electric cars in a future article. For now, I think I will keep my car and wait until something really catches my eye. That, or wait a few years and hope the Porsche Taycan depreciates enough that I can buy one.
  5. After four years of watching Porsche's Mission E concept go through the stages to production, the final product has finally arrived in the Porsche Taycan. In doing so, Porsche has its sights set directly on Telsa. At launch, the Taycan will be available only in the top trims of Taycan Turbo and Turbo S. Being fully electric, neither of them actually has a turbo of course. Packing a 93.4 kWh battery pack in its floor, the Taycan has a lower center of gravity than a Porsche 911. The top-line Turbo S can generate up to 750 horsepower with overboost mode engage and that will get the 5,100 lb car from 0 to 60 in 2.6 seconds. The standard Turbo makes do with 670 horsepower and a 0 to 60 of 3.0 seconds. Top track speed is limited to 161 mph for both. The Taycan is AWD using a dual motor system with one motor at each axle. Unlike EVs from Tesla and Nissan, Porsche uses a two-speed transmission to gain maximum acceleration and easy highway cruising. The Taycan is the first production EV with an 800 volt system instead of the more common 400 volts for other electric cars. With the fastest charging available on the market, the Taycan can recharge from 5% to 80% in just 22.5 minutes under ideal conditions when connected to a 270 kW charger that will be found at all Porsche dealerships. Home chargers will use a more common 9.6 kW charger. Higher speed charging using Electrify America's network is available for free for the first 3 years. While EPA ratings for range have yet to be released, the Turbo is rated for 236 miles to 279 miles on the EU cycle and the Turbo S is rated for 236 miles to 256 miles on the same cycle. Assume somewhere in the mid-250s once the EPA gets their hands on one. While the Taycan does get a traditional hydraulic braking system, Porsche says that the regenerative system can handle 90 percent of all braking. A standard adaptive air suspension is also there with Porsche Dynamic Chassis Control. On the interior Porsche mounted 5 screens that surround the front occupants with tech. Up front is a 2.8 cubic foot glove box storage space, and out back is a bit more roomy 12.9 cubic foot storage. Porsche put indents into the floor for rear passengers to give more legroom. The Taycan is expected to go on sales towards the end of this year. Launch pricing is $154,660 for the Turbo and the Turbo S starts at $186,350. Cheaper models will come later.
  6. After seeing its sales slide during the first quarter of this year, Tesla needed to come up with an incentive to help boost sales of the sagging Model-X and Model-S. In that effort, Tesla is returning the offer of free SuperCharging on all Model-S and Model-X sold. The plan was last offered in 2018 and then ended after Elon Musk called the plan unsustainable. Telsa has been making changes to their lineup and pricing almost monthly since the beginning of 2019, so this could be a short term offer or it could stick around longer. Tesla buyers who already purchased their car are out of luck though, the offer only extends to new purchases. View full article
  7. After seeing its sales slide during the first quarter of this year, Tesla needed to come up with an incentive to help boost sales of the sagging Model-X and Model-S. In that effort, Tesla is returning the offer of free SuperCharging on all Model-S and Model-X sold. The plan was last offered in 2018 and then ended after Elon Musk called the plan unsustainable. Telsa has been making changes to their lineup and pricing almost monthly since the beginning of 2019, so this could be a short term offer or it could stick around longer. Tesla buyers who already purchased their car are out of luck though, the offer only extends to new purchases.
  8. Over the weekend, Tesla CEO Elon Musk commented on Model Y production. Originally thought to be slated for production at Tesla's Gigafactory in Nevada, Tesla appears to have changed course. Reported by Bloomberg, Musk said "Right now our default plan is to produce the Y at Fremont." during an interview on the "Ride the Lightning" podcast. "I was skeptical about whether this made sense at first, but my team convinced me the fastest way to get volume production is to do the Y at Fremont." In order to free up space in the factory, Tesla plans to move Model S and Model X to a single line, according to current and former employees. Both models have seen sales tumble over the last 6 months as Model 3 sales increased. Model Y sits on the same platform as the Model 3 and production is set to start in late 2020. In the same podcast, Tesla made some claims about the upcoming Tesla truck. He said "It won't look like a normal truck. It's going to be pretty sci-fi" adding "It's going to be a truck that is more capable than other trucks. It will be a better truck than an equivalent F-150 in terms of truck-like functionality. That's the aspiration."
  9. Over the weekend, Tesla CEO Elon Musk commented on Model Y production. Originally thought to be slated for production at Tesla's Gigafactory in Nevada, Tesla appears to have changed course. Reported by Bloomberg, Musk said "Right now our default plan is to produce the Y at Fremont." during an interview on the "Ride the Lightning" podcast. "I was skeptical about whether this made sense at first, but my team convinced me the fastest way to get volume production is to do the Y at Fremont." In order to free up space in the factory, Tesla plans to move Model S and Model X to a single line, according to current and former employees. Both models have seen sales tumble over the last 6 months as Model 3 sales increased. Model Y sits on the same platform as the Model 3 and production is set to start in late 2020. In the same podcast, Tesla made some claims about the upcoming Tesla truck. He said "It won't look like a normal truck. It's going to be pretty sci-fi" adding "It's going to be a truck that is more capable than other trucks. It will be a better truck than an equivalent F-150 in terms of truck-like functionality. That's the aspiration." View full article
  10. Tesla's stock opened under $200 at $197.75 on Tuesday, a substantial decrease from the $332.80 it was trading for in December 2018. In April, Tesla posted a $722M loss for the first quarter of 2019. Tesla has faced terrible delivery reports over the last two quarters while also trying to get the new Tesla Model Y production online and a Gigafactory in Shanghai operational. The Los Angeles Times reports that Wedbush Securities Analyst Dan Ives has cut the price target of Tesla from $275 a share to $230 a share citing an escalating trade war between the U.S. and China. Another analyst cuts Telsa's forecast Chinese sales in half and sees the company being forced to take on new partners to make ends meet. Tesla recently raised $2.7 billion in a stock and bond sale, an amount that Tesla head Elon Musk says will give the company about 10 months of cash. View full article
  11. After much speculation, it has come to light that Apple did propose to bid on Tesla back in 2013 for $240 a share, higher than the sub-$200 a share Tesla is trading at today, according to CNBC. Analyst Craig Irwin told CNBC that there was a serious bid from Apple and says that multiple credible sources have told him so. Tesla is down more than 46% from its high in August 2018 when CEO Musk tweeted that he had funding secured to take Tesla private at $420 a share via a Saudi Soverign Wealth Fund, but that tweet turned out to be false, Tesla reversed course, and got Musk and Tesla in trouble with the SEC and further cost Musk the Chairmanship of the company. Now that Tesla stock is trading in the sub-$200 range, it becomes a substantially more attractive acquisition target, not only for Apple, but for other companies as well. The question remains what to do with Tesla's CEO Elon Musk. Apple's insistence on Musk's departure was apparently what killed the deal back in 2013. Reports are that Apple is working on its own car technology, but acquiring Tesla would substantially boost their progress. View full article
  12. After much speculation, it has come to light that Apple did propose to bid on Tesla back in 2013 for $240 a share, higher than the sub-$200 a share Tesla is trading at today, according to CNBC. Analyst Craig Irwin told CNBC that there was a serious bid from Apple and says that multiple credible sources have told him so. Tesla is down more than 46% from its high in August 2018 when CEO Musk tweeted that he had funding secured to take Tesla private at $420 a share via a Saudi Soverign Wealth Fund, but that tweet turned out to be false, Tesla reversed course, and got Musk and Tesla in trouble with the SEC and further cost Musk the Chairmanship of the company. Now that Tesla stock is trading in the sub-$200 range, it becomes a substantially more attractive acquisition target, not only for Apple, but for other companies as well. The question remains what to do with Tesla's CEO Elon Musk. Apple's insistence on Musk's departure was apparently what killed the deal back in 2013. Reports are that Apple is working on its own car technology, but acquiring Tesla would substantially boost their progress.
  13. Tesla's stock opened under $200 at $197.75 on Tuesday, a substantial decrease from the $332.80 it was trading for in December 2018. In April, Tesla posted a $722M loss for the first quarter of 2019. Tesla has faced terrible delivery reports over the last two quarters while also trying to get the new Tesla Model Y production online and a Gigafactory in Shanghai operational. The Los Angeles Times reports that Wedbush Securities Analyst Dan Ives has cut the price target of Tesla from $275 a share to $230 a share citing an escalating trade war between the U.S. and China. Another analyst cuts Telsa's forecast Chinese sales in half and sees the company being forced to take on new partners to make ends meet. Tesla recently raised $2.7 billion in a stock and bond sale, an amount that Tesla head Elon Musk says will give the company about 10 months of cash.
  14. Tesla is seeking to raise nearly $2.7 billion to add to its sagging balance sheet according to a filling. It would offer 3.5 million shares priced at $243 per share and a $1.6 billion convertible debt. Elon Musk will be buying $25 million in shares and currently owns around a 20 percent stake in the company. Wall Street seemed to find this capital raise promising as it boosted shares 1.5% before the opening bell. Analysts were calculating that Tesla, which burned $1.5 billion in Q1-2019 alone, would not have enough cash to continue working on its Model Y crossover and the new Tesla Semi-truck, and also getting production rolling in China. In the backdrop of a sagging US auto market, Tesla has seen demand for its cars soften dramatically in the US over the past two quarters, though demand for EVs in Europe has increased. View full article
  15. Tesla is seeking to raise nearly $2.7 billion to add to its sagging balance sheet according to a filling. It would offer 3.5 million shares priced at $243 per share and a $1.6 billion convertible debt. Elon Musk will be buying $25 million in shares and currently owns around a 20 percent stake in the company. Wall Street seemed to find this capital raise promising as it boosted shares 1.5% before the opening bell. Analysts were calculating that Tesla, which burned $1.5 billion in Q1-2019 alone, would not have enough cash to continue working on its Model Y crossover and the new Tesla Semi-truck, and also getting production rolling in China. In the backdrop of a sagging US auto market, Tesla has seen demand for its cars soften dramatically in the US over the past two quarters, though demand for EVs in Europe has increased.
  16. Tesla posted a $722M loss for the first quarter of 2019, higher than analysts expectations. This was a swing from a 4th quarter 2018 profit of $139.5M. Cash on hand is $1.5B lower than end of 2018, now $2.2B, partially due to a one time payment of $920M in convertible bonds that came due. Tesla says that is built 63,000 model 3s in the first quarter gearing up for overseas sales, though only 12,100 of those vehicle were delivered. Tesla is maintaining its projections of 360,000 to 400,000 vehicles total for the year. Tesla recently announced updates to its Model S and Model X vehicles that allow them to travel further on a single charge and also charge up to 50% faster than before. These updates require the purchase of a new vehicle and cannot be simple downloads over the air. They are also offering current owners who purchase a new Model S or Model X Performance model a free upgrade to Ludicrous Mode. Part of the reason for this upgrade is that the Model S, Model X, and Model 3 now share drive components and that simplification could yield big savings for the company. Tesla is also preparing for the launch of the Tesla Model Y small crossover based on the Model 3 sedan, but deliveries of that vehicle do not start until Fall 2020 View full article
  17. Tesla posted a $722M loss for the first quarter of 2019, higher than analysts expectations. This was a swing from a 4th quarter 2018 profit of $139.5M. Cash on hand is $1.5B lower than end of 2018, now $2.2B, partially due to a one time payment of $920M in convertible bonds that came due. Tesla says that is built 63,000 model 3s in the first quarter gearing up for overseas sales, though only 12,100 of those vehicle were delivered. Tesla is maintaining its projections of 360,000 to 400,000 vehicles total for the year. Tesla recently announced updates to its Model S and Model X vehicles that allow them to travel further on a single charge and also charge up to 50% faster than before. These updates require the purchase of a new vehicle and cannot be simple downloads over the air. They are also offering current owners who purchase a new Model S or Model X Performance model a free upgrade to Ludicrous Mode. Part of the reason for this upgrade is that the Model S, Model X, and Model 3 now share drive components and that simplification could yield big savings for the company. Tesla is also preparing for the launch of the Tesla Model Y small crossover based on the Model 3 sedan, but deliveries of that vehicle do not start until Fall 2020
  18. We reported earlier in April that Tesla was preparing more efficient versions of their Model S and Model X. Yesterday Tesla announced improvements to the Model S and Model X Long Range models that will increase range to 370 miles and 325 miles respectively, based on EPA testing cycle. The vehicles will still use the same 100 kWh battery pack. Unfortunately, customers will only get this upgrade when they purchase a new vehicle. The upgrade changes the drive hardware to the latest version of Tesla's motor technology. Now using a permanent magnet synchronous reluctance motor, silicon carbide power electronics, improved lubrication, cooling, bearings, and gear designs achieve a 10% improvement in range. This improvement works both during supplying power to the vehicle and during times of regenerative braking. In addition to adding range, power and torque has increased for all Model S and Model X versions, resulting in even better 0-60 times. Along with this new more efficient powertrain, the Model S and Model X are now capable of 200kW charging on V3 Superchargers and 145 kW on V2 Supercharger. This enables drivers to charge 50% faster. Tesla has also upgraded the air suspension system to be fully-adaptive. It will give an ultra-cushioned feel when cruising on the highway for firm up during more aggressive driving behavior. The adaptive suspension can receive over the air updates so that Tesla owners always have the latest technology. Tesla will also be bringing back their standard range versions of these cars at a lower entry price that includes the latest motor and suspension updates. Any existing Model S or Model X owners who purchase a new Performance model of these cars will get a free upgrade to Ludicrous Mode at no additional charge. The changes go into production this week and can be ordered today. View full article
  19. We reported earlier in April that Tesla was preparing more efficient versions of their Model S and Model X. Yesterday Tesla announced improvements to the Model S and Model X Long Range models that will increase range to 370 miles and 325 miles respectively, based on EPA testing cycle. The vehicles will still use the same 100 kWh battery pack. Unfortunately, customers will only get this upgrade when they purchase a new vehicle. The upgrade changes the drive hardware to the latest version of Tesla's motor technology. Now using a permanent magnet synchronous reluctance motor, silicon carbide power electronics, improved lubrication, cooling, bearings, and gear designs achieve a 10% improvement in range. This improvement works both during supplying power to the vehicle and during times of regenerative braking. In addition to adding range, power and torque has increased for all Model S and Model X versions, resulting in even better 0-60 times. Along with this new more efficient powertrain, the Model S and Model X are now capable of 200kW charging on V3 Superchargers and 145 kW on V2 Supercharger. This enables drivers to charge 50% faster. Tesla has also upgraded the air suspension system to be fully-adaptive. It will give an ultra-cushioned feel when cruising on the highway for firm up during more aggressive driving behavior. The adaptive suspension can receive over the air updates so that Tesla owners always have the latest technology. Tesla will also be bringing back their standard range versions of these cars at a lower entry price that includes the latest motor and suspension updates. Any existing Model S or Model X owners who purchase a new Performance model of these cars will get a free upgrade to Ludicrous Mode at no additional charge. The changes go into production this week and can be ordered today.
  20. It was only eight weeks ago when Tesla finally announced that the $35,000 Model 3 would be available to order. This news caused the internet to go crazy on this news as it would become the most affordable model in Tesla's lineup. But late this week, the Californian automaker made some changes to the Model 3 ordering process to "simplify vehicle choices and make Autopilot more affordable." On Thursday, Tesla said in a blog post that the $35,000 Model 3 - known as the Standard Range - would not be available to order online. If you want one, then you need to either find Tesla store that is still open or call the company directly. Why is this happening? (Author's Note: A quick refresher; the Model 3 Standard Range gives you 220 miles, while the Standard Plus offers 240 miles. -WM) There is some dispute to the claim of the Standard Plus outselling the Standard. In late March, The Drive reported that a number of customers have gotten text messages from Tesla saying their deliveries have been pushed back without a new delivery date. Several have reported getting calls from Tesla trying to upsell them into the Standard Plus model. In Tesla's blog post, the off-menu version of the Model 3 will see its range decreased by 10 percent when compared to the Plus model, along with "several features will be disabled via software (including our onboard music streaming service, navigation with live traffic visualization, and heated seats)." Tesla also announced that Standard customers will have the option to upgrade to the Plus at any time, along with the option for Standard Plus owners to convert their model to the Standard and get a small refund "for the difference in cost." As for pricing, the Standard Plus will now set you back $39,500 - up $2,000 over the previous Standard Plus. This is due to Tesla making Autopilot standard on all of their models. No pricing was given for the secret Model 3 Standard. “Tesla is now facing a reckoning. Between the cost cuts, waning demand for its vehicles and now making the $35,000 Model 3 much harder to buy, the company is now quietly realizing it has to play by the same rules as every other automaker,” said Jessica Caldwell, executive director of industry analysis at Edmunds. But wait, there's more! Tesla also announced that it would be offering a lease for Model 3. It is a 36-month lease with mileage options ranging from 10,000 to 15,000 miles per year. But there is a big caveat to this. Unlike most leases where you can buy the car at the end of the lease, Tesla is not allowing any Model 3 customer to buy their vehicle after the lease. The automaker is planning to use them in their upcoming ride-hailing network. Source: Tesla, Bloomberg (Subscription Required) Photo by Vlad Tchompalov on Unsplash View full article
  21. Following a dismal fall in sales in the previous two quarters, Tesla has sacked several dozen employees in stores in Chicago, New York, and Tampa last week according to a report in Bloomberg. These cuts are the latest in a series of cuts to Tesla's retail staff that Tesla had announced earlier in the year. At first, Tesla had announced it would close most of its retail locations and moving to an entirely online retail model. They later changed course and dialed back the reductions with the caveat that some locations would still be closing. Tesla then raised the prices on the more expensive Model 3 trims Most of the cuts came from staff who hold the position of Inside Sales and their managers. Inside sales teams reach out to potential buyers and stimulate interest with test drives. View full article
  22. It was only eight weeks ago when Tesla finally announced that the $35,000 Model 3 would be available to order. This news caused the internet to go crazy on this news as it would become the most affordable model in Tesla's lineup. But late this week, the Californian automaker made some changes to the Model 3 ordering process to "simplify vehicle choices and make Autopilot more affordable." On Thursday, Tesla said in a blog post that the $35,000 Model 3 - known as the Standard Range - would not be available to order online. If you want one, then you need to either find Tesla store that is still open or call the company directly. Why is this happening? (Author's Note: A quick refresher; the Model 3 Standard Range gives you 220 miles, while the Standard Plus offers 240 miles. -WM) There is some dispute to the claim of the Standard Plus outselling the Standard. In late March, The Drive reported that a number of customers have gotten text messages from Tesla saying their deliveries have been pushed back without a new delivery date. Several have reported getting calls from Tesla trying to upsell them into the Standard Plus model. In Tesla's blog post, the off-menu version of the Model 3 will see its range decreased by 10 percent when compared to the Plus model, along with "several features will be disabled via software (including our onboard music streaming service, navigation with live traffic visualization, and heated seats)." Tesla also announced that Standard customers will have the option to upgrade to the Plus at any time, along with the option for Standard Plus owners to convert their model to the Standard and get a small refund "for the difference in cost." As for pricing, the Standard Plus will now set you back $39,500 - up $2,000 over the previous Standard Plus. This is due to Tesla making Autopilot standard on all of their models. No pricing was given for the secret Model 3 Standard. “Tesla is now facing a reckoning. Between the cost cuts, waning demand for its vehicles and now making the $35,000 Model 3 much harder to buy, the company is now quietly realizing it has to play by the same rules as every other automaker,” said Jessica Caldwell, executive director of industry analysis at Edmunds. But wait, there's more! Tesla also announced that it would be offering a lease for Model 3. It is a 36-month lease with mileage options ranging from 10,000 to 15,000 miles per year. But there is a big caveat to this. Unlike most leases where you can buy the car at the end of the lease, Tesla is not allowing any Model 3 customer to buy their vehicle after the lease. The automaker is planning to use them in their upcoming ride-hailing network. Source: Tesla, Bloomberg (Subscription Required) Photo by Vlad Tchompalov on Unsplash
  23. Following a dismal fall in sales in the previous two quarters, Tesla has sacked several dozen employees in stores in Chicago, New York, and Tampa last week according to a report in Bloomberg. These cuts are the latest in a series of cuts to Tesla's retail staff that Tesla had announced earlier in the year. At first, Tesla had announced it would close most of its retail locations and moving to an entirely online retail model. They later changed course and dialed back the reductions with the caveat that some locations would still be closing. Tesla then raised the prices on the more expensive Model 3 trims Most of the cuts came from staff who hold the position of Inside Sales and their managers. Inside sales teams reach out to potential buyers and stimulate interest with test drives.
  24. FCA is paying Tesla hundreds of millions of dollar to pool their vehicles with Tesla to avoid EU fines over emissions. Tesla put out an invitation to other automakers to use its fleet to lower their emissions totals and FCA took them up on it. Neither company released financial specifics of the deal, but it is estimated by the Financial Times to be worth hundreds of millions of dollars. Similar to California which allows manufactures with a surplus of ZEV credits to sell them to manufacturers who need them, the EU Commission allows manufacturers to pool together their fleets to avoid paying fines. Tesla makes significant money selling these credits in the US, earning $103.4m in 2018 and $279.7m in 2017. Once set up, the pool in Europe is good for several years. Vehicles in 2018 are allowed an average CO2 emission of 120.5g per kilometer. That figure will drop to 95g per kilometer next year. FCA's average for 2018 was 123g per kilometer, one of the largest off the mark of the 13 major manufacturers. FCA is seen to have fallen to near the back of the pack when in comes to reigning in CO2 emissions. FCA was forecast to be facing fines exceeding €2 billion ($2.25 billion) without pooling with Tesla. View full article
  25. FCA is paying Tesla hundreds of millions of dollar to pool their vehicles with Tesla to avoid EU fines over emissions. Tesla put out an invitation to other automakers to use its fleet to lower their emissions totals and FCA took them up on it. Neither company released financial specifics of the deal, but it is estimated by the Financial Times to be worth hundreds of millions of dollars. Similar to California which allows manufactures with a surplus of ZEV credits to sell them to manufacturers who need them, the EU Commission allows manufacturers to pool together their fleets to avoid paying fines. Tesla makes significant money selling these credits in the US, earning $103.4m in 2018 and $279.7m in 2017. Once set up, the pool in Europe is good for several years. Vehicles in 2018 are allowed an average CO2 emission of 120.5g per kilometer. That figure will drop to 95g per kilometer next year. FCA's average for 2018 was 123g per kilometer, one of the largest off the mark of the 13 major manufacturers. FCA is seen to have fallen to near the back of the pack when in comes to reigning in CO2 emissions. FCA was forecast to be facing fines exceeding €2 billion ($2.25 billion) without pooling with Tesla.

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