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Found 179 results

  1. Tesla Has Been Burning Through $8,000 Per Minute

    Tesla is known for building quick vehicles, but they're also known for burning through a lot of cash. Bloomberg recently crunched some numbers on how fast Tesla goes through money and the amount is quite shocking. According to their data, Tesla has been burning through $8,000 per minute (about $480,000 in an hour) for the past 12 months. At this rate, Bloomberg predicts that Tesla could run out of money by next August. Tesla spending money like it is going out of style is not all that surprising. The automaker is trying to ramp up production of the Model 3 along with dealing with various issues. Still, the $8,000 per minute figure gives us an idea of how far Tesla still has to go before exiting what it calls 'production hell'. Investors still are bullish on the electric car builder, with a share price of $317.81 at the close of trading yesterday. Tesla also has a market capitalization of more than $53 billion, beating the likes of Ford ($48 billion). The difference being is that Ford is able to consistently make a profit. Tesla says they have enough cash to meet its target of building 5,000 Model 3 sedans per week by the end of March, and expects to “generate significant cash flows from operating activities” afterward. The company is also reservations on their Roadster due in 2020* to help raise funds. Buyers will need to plop down $50,000 for the standard model or $250,000 for the Founders Edition. Tesla will only produce 1,000 models of the Founders Edition, meaning they could possibly produce $250 million in income. “Whether they can last another 10 months or a year, he needs money, and quickly,” said Kevin Tynan, senior analyst with Bloomberg Intelligence. Tynan estimates that Tesla needs to raise $2 billion or more in capital by mid-2018 to stay afloat. Source: Bloomberg
  2. Tesla is known for building quick vehicles, but they're also known for burning through a lot of cash. Bloomberg recently crunched some numbers on how fast Tesla goes through money and the amount is quite shocking. According to their data, Tesla has been burning through $8,000 per minute (about $480,000 in an hour) for the past 12 months. At this rate, Bloomberg predicts that Tesla could run out of money by next August. Tesla spending money like it is going out of style is not all that surprising. The automaker is trying to ramp up production of the Model 3 along with dealing with various issues. Still, the $8,000 per minute figure gives us an idea of how far Tesla still has to go before exiting what it calls 'production hell'. Investors still are bullish on the electric car builder, with a share price of $317.81 at the close of trading yesterday. Tesla also has a market capitalization of more than $53 billion, beating the likes of Ford ($48 billion). The difference being is that Ford is able to consistently make a profit. Tesla says they have enough cash to meet its target of building 5,000 Model 3 sedans per week by the end of March, and expects to “generate significant cash flows from operating activities” afterward. The company is also reservations on their Roadster due in 2020* to help raise funds. Buyers will need to plop down $50,000 for the standard model or $250,000 for the Founders Edition. Tesla will only produce 1,000 models of the Founders Edition, meaning they could possibly produce $250 million in income. “Whether they can last another 10 months or a year, he needs money, and quickly,” said Kevin Tynan, senior analyst with Bloomberg Intelligence. Tynan estimates that Tesla needs to raise $2 billion or more in capital by mid-2018 to stay afloat. Source: Bloomberg View full article
  3. Tesla Unveils Their Electric Semi Truck

    We never thought that we would ever see the day that a semi truck would get as much hype as an upcoming sports car or one of Tesla's new models. But that's the case with Tesla's new semi truck that debut last night. The design reminds us of GM's original 'dustbuster' vans with a clean shape and wide glass area. Tesla says the overall drag coefficient of their semi is 0.36, making it more aerodynamic than a Bugatti Chiron. The interior follows the look of the Model 3 with a minimalistic design and large screens providing key information and controls for various functions. The driver is positioned in the middle to provide a commanding view of the road. Under the semi's skin, Tesla employs the same chassis design as their passenger vehicles with the batteries sitting low in the chassis to improve the center of gravity. Power comes from four electric motors from the Model 3 for the rear wheels. Tesla isn't saying how much power the motors produce, but went into full detail about performance. 0-60 mph in 5 seconds when towing an unladen trailer (How many fleet operators care about this? -WM) When at its max gross weight of 80,000 pounds, the truck can hit 60 mph in 20 seconds Traveling up a 5 percent incline, the Tesla semi can up to 65 mph, 20 mph more than a standard diesel semi Maximum range of 500 miles Tesla is planning to have a network of "Megachargers," DC charging stations along common routes, and the origin and destination points. The chargers can provide a 400 mile range within 30 minutes. For safety, all Tesla Semi trucks will come with an enhanced version of Autopilot, cameras around the vehicle to provide a surround view, a jackknife prevention system that uses sensors to detect instability and adjust the power of each electric motor, lane keep assist, and automatic emergency braking. Tesla is also touting the low operating costs of their new semi. Per mile, the Tesla semi is said to cost $1.26, while rival diesel trucks cost $1.56 per mile. This is due to Tesla's semi having less moving parts than a standard semi truck and lower fuel costs. We're wondering how Tesla came to this number. Production is expected to begin in 2019 and if you're interested, you can place a $5,000 deposit. Time to address the elephants in the room. Tesla hasn't said where they plan on building their new semi truck as Freemont will be at its capacity if the company reaches their passenger car production goals. Then there are production issues with the Model 3 which has caused the automaker to push back their production ramp-up to next year. That's not including Tesla's track record of missing production dates. They're also burning through cash at a very alarming rate to work various issues. We haven't even gotten to talking about the 'Megachargers' which needs to be built out. How Tesla plans to achieve these goals remains to be seen. Source: Tesla Press Release is on Page 2 Tesla Semi The Tesla Semi will deliver a far better experience for truck drivers, while increasing safety and significantly reducing the cost of cargo transport. Unrivaled Performance Without a trailer, the Tesla Semi achieves 0-60 mph in five seconds, compared to 15 seconds in a comparable diesel truck. It does 0-60 mph in 20 seconds with a full 80,000-pound load, a task that takes a diesel truck about a minute. Most notably for truck drivers and other travelers on the road, it climbs 5% grades at a steady 65 mph, whereas a diesel truck maxes out at 45 mph on a 5% grade. The Tesla Semi requires no shifting or clutching for smooth acceleration and deceleration, and its regenerative braking recovers 98% of kinetic energy to the battery, giving it a basically infinite brake life. Overall, the Semi is more responsive, covers more miles than a diesel truck in the same amount of time, and more safely integrates with passenger car traffic. Driver Experience Unlike other trucks, the Semi’s cabin is designed specifically around the driver, featuring unobstructed stairs for easier entry and exit, full standing room inside, and a centered driver position for optimal visibility. Two touchscreen displays positioned symmetrically on both sides of the driver provide easy access to navigation, blind spot monitoring and electronic data logging. Built-in connectivity integrates directly with a fleet’s management system to support routing and scheduling, and remote monitoring. Diesel trucks today currently require several third party devices for similar functionality. Megachargers, a new high-speed DC charging solution, will add about 400 miles in 30 minutes and can be installed at origin or destination points and along heavily trafficked routes, enabling recharging during loading, unloading, and driver breaks. Safety The Tesla Semi’s all-electric architecture is designed to have a higher safety standard than any other heavy-duty truck on the market, with a reinforced battery that shields the Semi from impact and gives it an exceptionally low center of gravity. Its windshield is made of impact resistant glass. Jackknifing is prevented due to the Semi's onboard sensors that detect instability and react with positive or negative torque to each wheel while independently actuating all brakes. The surround cameras aid object detection and minimize blind spots, automatically alerting the driver to safety hazards and obstacles. With Enhanced Autopilot, the Tesla Semi features Automatic Emergency Braking, Automatic Lane Keeping, Lane Departure Warning, and event recording. Tesla Semi can also travel in a convoy, where one or several Semi trucks will be able to autonomously follow a lead Semi. Reliability With far fewer moving parts than a diesel truck – no engine, transmission, after-treatment system or differentials to upkeep – the Tesla Semi requires significantly less maintenance. Its battery is similar in composition to the batteries of Tesla energy products and is designed to support repeated charging cycles for over a million miles, while its motors are derived from the motors used in Model 3 and have been validated to last more than one million miles under the most demanding conditions. Lowest Cost of Ownership All-in, the Tesla Semi delivers massive savings in energy costs, performance, efficiency and reliability. TThe biggest immediate cost-advantage comes from savings in energy costs: fully loaded, the Tesla Semi consumes less than two kilowatt-hours of energy per mile and is capable of 500 miles of range at GVW and highway speed, accommodating a wide range of shipping applications given that nearly 80% of freight in the U.S. is moved less than 250 miles. Coupled with the low and stable nature of electricity prices – which average $0.12/kWh in the U.S. and can be significantly less for commercial and industrial users, falling to almost nothing when combined with local solar generation and storage – owners can expect to gain $200,000 or more in savings over a million miles based on fuel costs alone. Reservations for the Tesla Semi can be made for $5,000 USD per truck. Production in 2019. View full article
  4. Tesla Unveils Their Electric Semi Truck

    We never thought that we would ever see the day that a semi truck would get as much hype as an upcoming sports car or one of Tesla's new models. But that's the case with Tesla's new semi truck that debut last night. The design reminds us of GM's original 'dustbuster' vans with a clean shape and wide glass area. Tesla says the overall drag coefficient of their semi is 0.36, making it more aerodynamic than a Bugatti Chiron. The interior follows the look of the Model 3 with a minimalistic design and large screens providing key information and controls for various functions. The driver is positioned in the middle to provide a commanding view of the road. Under the semi's skin, Tesla employs the same chassis design as their passenger vehicles with the batteries sitting low in the chassis to improve the center of gravity. Power comes from four electric motors from the Model 3 for the rear wheels. Tesla isn't saying how much power the motors produce, but went into full detail about performance. 0-60 mph in 5 seconds when towing an unladen trailer (How many fleet operators care about this? -WM) When at its max gross weight of 80,000 pounds, the truck can hit 60 mph in 20 seconds Traveling up a 5 percent incline, the Tesla semi can up to 65 mph, 20 mph more than a standard diesel semi Maximum range of 500 miles Tesla is planning to have a network of "Megachargers," DC charging stations along common routes, and the origin and destination points. The chargers can provide a 400 mile range within 30 minutes. For safety, all Tesla Semi trucks will come with an enhanced version of Autopilot, cameras around the vehicle to provide a surround view, a jackknife prevention system that uses sensors to detect instability and adjust the power of each electric motor, lane keep assist, and automatic emergency braking. Tesla is also touting the low operating costs of their new semi. Per mile, the Tesla semi is said to cost $1.26, while rival diesel trucks cost $1.56 per mile. This is due to Tesla's semi having less moving parts than a standard semi truck and lower fuel costs. We're wondering how Tesla came to this number. Production is expected to begin in 2019 and if you're interested, you can place a $5,000 deposit. Time to address the elephants in the room. Tesla hasn't said where they plan on building their new semi truck as Freemont will be at its capacity if the company reaches their passenger car production goals. Then there are production issues with the Model 3 which has caused the automaker to push back their production ramp-up to next year. That's not including Tesla's track record of missing production dates. They're also burning through cash at a very alarming rate to work various issues. We haven't even gotten to talking about the 'Megachargers' which needs to be built out. How Tesla plans to achieve these goals remains to be seen. Source: Tesla Press Release is on Page 2 Tesla Semi The Tesla Semi will deliver a far better experience for truck drivers, while increasing safety and significantly reducing the cost of cargo transport. Unrivaled Performance Without a trailer, the Tesla Semi achieves 0-60 mph in five seconds, compared to 15 seconds in a comparable diesel truck. It does 0-60 mph in 20 seconds with a full 80,000-pound load, a task that takes a diesel truck about a minute. Most notably for truck drivers and other travelers on the road, it climbs 5% grades at a steady 65 mph, whereas a diesel truck maxes out at 45 mph on a 5% grade. The Tesla Semi requires no shifting or clutching for smooth acceleration and deceleration, and its regenerative braking recovers 98% of kinetic energy to the battery, giving it a basically infinite brake life. Overall, the Semi is more responsive, covers more miles than a diesel truck in the same amount of time, and more safely integrates with passenger car traffic. Driver Experience Unlike other trucks, the Semi’s cabin is designed specifically around the driver, featuring unobstructed stairs for easier entry and exit, full standing room inside, and a centered driver position for optimal visibility. Two touchscreen displays positioned symmetrically on both sides of the driver provide easy access to navigation, blind spot monitoring and electronic data logging. Built-in connectivity integrates directly with a fleet’s management system to support routing and scheduling, and remote monitoring. Diesel trucks today currently require several third party devices for similar functionality. Megachargers, a new high-speed DC charging solution, will add about 400 miles in 30 minutes and can be installed at origin or destination points and along heavily trafficked routes, enabling recharging during loading, unloading, and driver breaks. Safety The Tesla Semi’s all-electric architecture is designed to have a higher safety standard than any other heavy-duty truck on the market, with a reinforced battery that shields the Semi from impact and gives it an exceptionally low center of gravity. Its windshield is made of impact resistant glass. Jackknifing is prevented due to the Semi's onboard sensors that detect instability and react with positive or negative torque to each wheel while independently actuating all brakes. The surround cameras aid object detection and minimize blind spots, automatically alerting the driver to safety hazards and obstacles. With Enhanced Autopilot, the Tesla Semi features Automatic Emergency Braking, Automatic Lane Keeping, Lane Departure Warning, and event recording. Tesla Semi can also travel in a convoy, where one or several Semi trucks will be able to autonomously follow a lead Semi. Reliability With far fewer moving parts than a diesel truck – no engine, transmission, after-treatment system or differentials to upkeep – the Tesla Semi requires significantly less maintenance. Its battery is similar in composition to the batteries of Tesla energy products and is designed to support repeated charging cycles for over a million miles, while its motors are derived from the motors used in Model 3 and have been validated to last more than one million miles under the most demanding conditions. Lowest Cost of Ownership All-in, the Tesla Semi delivers massive savings in energy costs, performance, efficiency and reliability. TThe biggest immediate cost-advantage comes from savings in energy costs: fully loaded, the Tesla Semi consumes less than two kilowatt-hours of energy per mile and is capable of 500 miles of range at GVW and highway speed, accommodating a wide range of shipping applications given that nearly 80% of freight in the U.S. is moved less than 250 miles. Coupled with the low and stable nature of electricity prices – which average $0.12/kWh in the U.S. and can be significantly less for commercial and industrial users, falling to almost nothing when combined with local solar generation and storage – owners can expect to gain $200,000 or more in savings over a million miles based on fuel costs alone. Reservations for the Tesla Semi can be made for $5,000 USD per truck. Production in 2019.
  5. Tesla Unveils Tesla Semi Truck and Roadster 2.0 Tesla did a full unveiling of their Tesla Semi last night, showing what the Power of Electric Powertrains brings to the Big Rig World. With a center seating position for superior visibility, a Frunk on the truck and two passenger seats behind the driver, you have a Semi that can achieve 0 to 60 in 5 seconds for the Cab versus 15 seconds for a traditional Diesel cab. Under full load of 80,000 lbs, Tesla Semi can go 0 to 60 in 20 seconds compared to a Diesel Semi at almost 40 seconds. The Tesla Semi shows why electrification is the future as the same Diesel truck, 80,000 lbs cannot hold more than 45 MPH on a 5% grade hill. Tesla Semi can maintain a 65 MPH up the full 5% grade hill. Tesla also anounced that their trucks will have two options, 300 mile battery pack and a 500 mile battery pack. Most Semi's travel no more than 250 miles a day making the Tesla Semi the quietest and best solution for inner city deliveries as well as inner state transportation. Allowing for deliver and return to the hub with no charging needed during the trip. The Cab also has adjustable wings, this being the back section of the cab to handle all types of trailers old and new. Tesla Trailer is totally flat with superior storage capacity under the traditional trailer maximizing airflow around the whole truck, giving it a coefficient equal to a Bullet. Diesel Trucks have a Cd of 0.65 to 0.70, Bugatti Chiron has a 0.38 and the Tesla Semi is 0.36 Cd. The truck has autopilot and a 1 million mile warranty for the powertrain. Cost of the truck is recouped in 2 years compared to a Diesel cost including fuel and maintenance. Tesla put together the following operating costs: 100 mile route (A-B-A) 60 mph average speed with 80,000 lbs. GVW, $2.50 per gallon Diesel or 7 cents per kWh electricity price. Diesel truck is $1.51 per mile. Tesla truck is $1.26 per mile. They also compare it to rail transportation when you do a Tesla Semi convoy, they beat rail in price per mile. This is all attained with four independent electric motors and can be driven by anyone with a normal auto license since there is no gears. Check out the video below for full views of the inside and out of the Semi. Surprise announcement was the all new Roadster 2.0 This is what I would call sex on wheels, Tesla has really improved and delivered a fast 2 door sports car that anyone can enjoy. Tesla Roadster 2.0 Specification 0-60 1.9 seconds, 0 - 100 4.2 seconds with a quarter mile of 8.9 seconds certified and a 250+ MPH top speed. You get 3 motors, 200 kWh battery pack (620 miles) and 10,000 nm Torque (7,376 lb-ft) in a 2+2 configuration even though Musk does admit that you would not put people in the rear seat. Production 2020, taking pre orders now.
  6. G. David Felt - Staff Writer Alternative Energy - www.cheersandgears.com Xiaopeng Motors, Thanks Tesla for Open Source Patents It was only a matter of time and someone coughing up money before someone would use Tesla Open Patents to build a EV Competitor. Xiaopeng Motors is that company and thanks to Tesla, the dream of a young man is becoming reality. Musk has always said the focus is the drive to accelerate the change to EV Auto's. With this dream we now have the XPeng SUV EV. Henry Xia took this to hear in 2014 when once Tesla had announced the open source of their patents that this young engineer could build his own dream company. With the help of other young engineers, Mr. Xia took a look at the market and chose to come out with his vision of an EV SUV. There is no complete listing of all the open source patents Xiaopeng Motors used but clearly enough to say he hit the same consistency from battery pack to external look minus the gullwing doors and to the dash. Speculation is the top module on the auto is a Lidar unit. Comparison of the batteries where Xiaopeng uses Samsung battery cells via Tesla Panasonic cells. Xiaopeng Battery Tesla Battery Xiaopeng Dash Tesla Dash Xiaopeng Dash Screen Tesla Dash Screen Xiaopeng Motors raised 320 Million to start production beyond the 15 hand built models. They are working to raise 1.4 billion US to ensure the ability to produce 100,000 of the XPeng SUV EV. With the first round of money, the young CEO hired away Tesla learning lead for Autopilot, Junli Gu to head up Xiaopeng autonomous driving efforts as they plant to continue to copy Tesla using the Open source patents where possible to offer the same or better versions. Your thoughts on this? Will this help or hurt Tesla? XPeng has even copied the same charging port and standard from Tesla. Sound off on what you think about this. Xiaopeng motor story
  7. G. David Felt - Staff Writer Alternative Energy - www.cheersandgears.com Tesla's World's Largest Supercharger Station Opens Tesla has been on a fast pace build out of supercharger stations around the world and in fact has two 40 stall supercharger stations under construction in California. Now comes word via a Tesla S owner Jason Man in China that they have opened up the largest Tesla Supercharger Station in Shanghai with 50 stalls, capability to charge 3 megawatts of power per hour. This is located in the Lilacs International Commercial Centre, Pudong district of Shanghai. China has committed to opening 10's of thousands of charging stations over the next 2 years adding to the extensive network offered by Tesla across China. Tesla has stated they now have over 1032 Supercharging stations world wide with over 7,300 Superchargers. Their network while focused on their own auto's is available to others for a nominal fee in some countries for charging by non-Tesla EV auto's. According to other news reports, Tesla has signed a deal with China to build and bring online within 18 months a second GigaFactory in mainland China to support Tesla's rapid growth of EV auto production in China. Pictures compliments of Jason Man of China posted to webchat. Tesla Supercharger web site electrek story
  8. 400 fired for Performance at Tesla or so they say. Seems Tesla fired approximately 400 employees from lowly sales associates to upper level executives all for performance. Yet with the bottleneck of production holding back the ability to actually produce and ship Tesla 3, it seems Tesla is more about laying off costs to stem the flow of cash till they can get the Tesla 3 shipping. Seems to me they will miss their production targets this year big time. Tesla Story on web
  9. GM Exec calls Musk full of Crap! Seems Musk stating his auto's are level 5 capable of self driving is now being called full of crap by GM Exec that says without Lidar, there is no way Tesla system can be Level 5 full autonomous driving. It cannot see in the black of Night nor the difference of a snow covered road. Clearly many use cases that show Tesla to not be a Level 5 autonomous driving auto. Interesting read at Autoblog. https://www.autoblog.com/2017/10/16/gm-exec-calls-elon-musk-full-of-crap-autonomy-claims/
  10. If you happened to be perusing the Monterey, CA Craigslist this morning, you might have come across an interesting ad. Someone had posted an ad for a Tesla Model 3. The vehicle allegedly has about 2,000 miles on the odometer. Like many of Model 3s currently rolling off the production line, this is the long-range variant with a 310-mile range. Other features include a panoramic glass roof, upgraded sound system, and "Aero" wheels. The price? $150,000. Our favorite part of the ad is the last line; "THIS IS REAL." Red flag anyone? The ad has been taken down since various outlets started reporting on it. There is an interesting reason as to why. If you look at the ad, you'll notice a VIN number of 209. As Electrek notes, Tesla employees and company insiders are the only people getting Model 3s at this time. Customer deliveries are expected to begin this month. If you are a Tesla employee, there is language in the Model 3 ordering agreement that states you cannot sell a Model 3 more than the original price that you bought it for. Electrek was able to confirm this Model 3 is owned by an employee of a Tesla store in Monterey. Source: Electrek, Monterey Craigslist via Internet Archive
  11. If you happened to be perusing the Monterey, CA Craigslist this morning, you might have come across an interesting ad. Someone had posted an ad for a Tesla Model 3. The vehicle allegedly has about 2,000 miles on the odometer. Like many of Model 3s currently rolling off the production line, this is the long-range variant with a 310-mile range. Other features include a panoramic glass roof, upgraded sound system, and "Aero" wheels. The price? $150,000. Our favorite part of the ad is the last line; "THIS IS REAL." Red flag anyone? The ad has been taken down since various outlets started reporting on it. There is an interesting reason as to why. If you look at the ad, you'll notice a VIN number of 209. As Electrek notes, Tesla employees and company insiders are the only people getting Model 3s at this time. Customer deliveries are expected to begin this month. If you are a Tesla employee, there is language in the Model 3 ordering agreement that states you cannot sell a Model 3 more than the original price that you bought it for. Electrek was able to confirm this Model 3 is owned by an employee of a Tesla store in Monterey. Source: Electrek, Monterey Craigslist via Internet Archive View full article
  12. The Big Electric Car Blitz

    Between now and 2022, at least 50 electric vehicles will be launched. They'll be coming from the likes of Volkswagen, Diamler, and General Motors. Heck, even Dyson is getting into the game. But why this rush to get EVs on the road? It comes down to two things, Tesla and upcoming regulations. “Nobody doubts that the future will be electric. The car companies dragged their feet with electric. Now they are being dragged into it by Tesla and by regulations,” said Erich Joachimsthaler, founder and CEO of brand-strategy firm Vivaldi to Bloomberg. Tesla makes sense as they have created a cult of personality with rabid fans and somehow selling vehicles like hotcakes. As for the regulations, various countries such as France and Great Britain have announced bans on internal combustion engines in new vehicles in the near future. Other places such as China and the state of California are considering similar bans. China has also introduced regulations meant to cut emissions and pollution by 2030. One of those is for automakers to sell a certain percentage of "of so-called new-energy vehicles -- which include electric cars" to obtain credits to sell models with internal combustion engines. But there are questions about this move. For one, how is any automaker going to make money with EVs? At the moment GM loses $9,000 for every Chevrolet Bolt EV sold, while Fiat Chrysler Automobiles loses an eye-watering $20,000 on each Fiat 500e sold. Battery tech is one of the key reasons for this, but new technologies and improvements are helping bring the price down. Also, will consumers embrace this onslaught of EVs? Last year, EVs only made up less than one percent of the U.S. market. “Companies are committed to electric cars, but there is little evidence that there is a lot of consumer demand for it,” said Kevin Tynan, senior analyst with Bloomberg Intelligence. Source: Bloomberg
  13. Between now and 2022, at least 50 electric vehicles will be launched. They'll be coming from the likes of Volkswagen, Diamler, and General Motors. Heck, even Dyson is getting into the game. But why this rush to get EVs on the road? It comes down to two things, Tesla and upcoming regulations. “Nobody doubts that the future will be electric. The car companies dragged their feet with electric. Now they are being dragged into it by Tesla and by regulations,” said Erich Joachimsthaler, founder and CEO of brand-strategy firm Vivaldi to Bloomberg. Tesla makes sense as they have created a cult of personality with rabid fans and somehow selling vehicles like hotcakes. As for the regulations, various countries such as France and Great Britain have announced bans on internal combustion engines in new vehicles in the near future. Other places such as China and the state of California are considering similar bans. China has also introduced regulations meant to cut emissions and pollution by 2030. One of those is for automakers to sell a certain percentage of "of so-called new-energy vehicles -- which include electric cars" to obtain credits to sell models with internal combustion engines. But there are questions about this move. For one, how is any automaker going to make money with EVs? At the moment GM loses $9,000 for every Chevrolet Bolt EV sold, while Fiat Chrysler Automobiles loses an eye-watering $20,000 on each Fiat 500e sold. Battery tech is one of the key reasons for this, but new technologies and improvements are helping bring the price down. Also, will consumers embrace this onslaught of EVs? Last year, EVs only made up less than one percent of the U.S. market. “Companies are committed to electric cars, but there is little evidence that there is a lot of consumer demand for it,” said Kevin Tynan, senior analyst with Bloomberg Intelligence. Source: Bloomberg View full article
  14. Tesla Model 3 Production Has Some 'Bottlenecks'

    Earlier this week, Tesla announced its quarterly production figures and the Model 3 is getting off to a slower start than expected. In a statement, Tesla said that it had delivered a total of 26,150 vehicles in the third quarter. Here is how it breaks down, Model S: 14,065 Units Model X: 11,865 Units Model 3: 220 Units Only 260 Model 3s were built in the third quarter. Tesla said the reason for the small production of Model 3s was due to "production bottlenecks." The company didn't go into detail as what the bottleneck is. This isn't a good start as Tesla promised to build 5,000 Model 3s by the end of the year. "It is important to emphasize that there are no fundamental issues with the Model 3 production or supply chain. We understand what needs to be fixed and we are confident of addressing the manufacturing bottleneck issues in the near-term," said Tesla. Source: Tesla Press Release is on Page 2 Tesla Q3 2017 Vehicle Deliveries and Production PALO ALTO, Calif., Oct. 02, 2017 (GLOBE NEWSWIRE) -- In Q3, Tesla delivered 26,150 vehicles, of which 14,065 were Model S, 11,865 were Model X, and 220 were Model 3. This was our all-time best quarter for Model S and X deliveries, representing a 4.5% increase over Q3 2016, our previous best quarter, and a 17.7% increase over Q2 2017. We had previously indicated that second half Model S and X deliveries would likely exceed first half deliveries of 47,077, but we now expect to exceed that by several thousand vehicles. In total, we expect to deliver about 100,000 Model S and X vehicles in 2017, which would be a 31% increase over 2016. In addition to Q3 deliveries, about 4,820 Model S and X vehicles were in transit to customers at the end of the quarter. These will be counted as deliveries in Q4 2017. Q3 production totaled 25,336 vehicles, with 260 of them being Model 3. Model 3 production was less than anticipated due to production bottlenecks. Although the vast majority of manufacturing subsystems at both our California car plant and our Nevada Gigafactory are able to operate at high rate, a handful have taken longer to activate than expected. It is important to emphasize that there are no fundamental issues with the Model 3 production or supply chain. We understand what needs to be fixed and we are confident of addressing the manufacturing bottleneck issues in the near-term. Our delivery count should be viewed as slightly conservative, as we only count a car as delivered if it is transferred to the customer and all paperwork is correct. Final numbers could vary by up to 0.5%. Tesla vehicle deliveries represent only one measure of the company's financial performance and should not be relied on as an indicator of quarterly financial results, which depend on a variety of factors, including the cost of sales, foreign exchange movements and mix of directly leased vehicles.
  15. Earlier this week, Tesla announced its quarterly production figures and the Model 3 is getting off to a slower start than expected. In a statement, Tesla said that it had delivered a total of 26,150 vehicles in the third quarter. Here is how it breaks down, Model S: 14,065 Units Model X: 11,865 Units Model 3: 220 Units Only 260 Model 3s were built in the third quarter. Tesla said the reason for the small production of Model 3s was due to "production bottlenecks." The company didn't go into detail as what the bottleneck is. This isn't a good start as Tesla promised to build 5,000 Model 3s by the end of the year. "It is important to emphasize that there are no fundamental issues with the Model 3 production or supply chain. We understand what needs to be fixed and we are confident of addressing the manufacturing bottleneck issues in the near-term," said Tesla. Source: Tesla Press Release is on Page 2 Tesla Q3 2017 Vehicle Deliveries and Production PALO ALTO, Calif., Oct. 02, 2017 (GLOBE NEWSWIRE) -- In Q3, Tesla delivered 26,150 vehicles, of which 14,065 were Model S, 11,865 were Model X, and 220 were Model 3. This was our all-time best quarter for Model S and X deliveries, representing a 4.5% increase over Q3 2016, our previous best quarter, and a 17.7% increase over Q2 2017. We had previously indicated that second half Model S and X deliveries would likely exceed first half deliveries of 47,077, but we now expect to exceed that by several thousand vehicles. In total, we expect to deliver about 100,000 Model S and X vehicles in 2017, which would be a 31% increase over 2016. In addition to Q3 deliveries, about 4,820 Model S and X vehicles were in transit to customers at the end of the quarter. These will be counted as deliveries in Q4 2017. Q3 production totaled 25,336 vehicles, with 260 of them being Model 3. Model 3 production was less than anticipated due to production bottlenecks. Although the vast majority of manufacturing subsystems at both our California car plant and our Nevada Gigafactory are able to operate at high rate, a handful have taken longer to activate than expected. It is important to emphasize that there are no fundamental issues with the Model 3 production or supply chain. We understand what needs to be fixed and we are confident of addressing the manufacturing bottleneck issues in the near-term. Our delivery count should be viewed as slightly conservative, as we only count a car as delivered if it is transferred to the customer and all paperwork is correct. Final numbers could vary by up to 0.5%. Tesla vehicle deliveries represent only one measure of the company's financial performance and should not be relied on as an indicator of quarterly financial results, which depend on a variety of factors, including the cost of sales, foreign exchange movements and mix of directly leased vehicles. View full article
  16. Tesla delivers only 220 during the Quarter due to Bottlenecks Tesla says it is on track to deliver 100,000 S & X models by the end of the year and have Model 3 production up to 5000 units per month. Yet with that, they have also stated that due to bottlenecks on the assembly line, they are behind in building and delivering Tesla 3 to the public. I found the comment by another reader on the story of their quarterly report to be very spot on. To quote JSH who posted the following: "It seems that skipping basic steps in the tooling and manufacturing development process didn't pan out. It turns out that automotive manufacturers do know a bit more about making cars than a tech start up. This shocks no one except the fan-boys." Tesla Quarterly Report by Autoblog
  17. Tesla Semi?

    Tesla Semi? Tesla teased everyone with this picture of their new City hauling 200-300 mile range Class 8 Semi EV. A reddit user saw this in california in an area known to be used by Tesla to test their EV projects. Is this the Tesla 200-300 mile range EV Class 8 Semi that is promised to be unveiled Oct 26 2017? Autoblog Video Is this the future of Silent delivery in our cities? autoblog story
  18. As Model 3s begin to arrive at Tesla dealerships, we are beginning to get some answers to some of the key questions we have. Chief among those questions deal with how the Model 3's touchscreen works. Thanks to some videos that have made their way onto the internet, we have some answers and major concerns. We know that the screen would control many functions of the vehicle, but didn't know the extent. Thanks to the video we now know that most functions are controlled through the screen. Want to change the fan speed? You need to use the touchscreen. Open the trunk? Need to use the touchscreen. If it begins raining and you need to turn on the wipers, you need to use the touchscreen. Is it just us or is this becoming a distraction disaster? We also learned that Model 3s at the moment doesn't come with either FM Radio or Bluetooth streaming. The lack of the former will likely not make most annoyed, but the latter will. If you want to listen to music at the moment, you need to use a third-party streaming service over the car's 4G internet connection. Tesla has said that an OTA update that will bring FM and Bluetooth streaming is planned, and believed to be coming soon. Source: Autoblog View full article
  19. As Model 3s begin to arrive at Tesla dealerships, we are beginning to get some answers to some of the key questions we have. Chief among those questions deal with how the Model 3's touchscreen works. Thanks to some videos that have made their way onto the internet, we have some answers and major concerns. We know that the screen would control many functions of the vehicle, but didn't know the extent. Thanks to the video we now know that most functions are controlled through the screen. Want to change the fan speed? You need to use the touchscreen. Open the trunk? Need to use the touchscreen. If it begins raining and you need to turn on the wipers, you need to use the touchscreen. Is it just us or is this becoming a distraction disaster? We also learned that Model 3s at the moment doesn't come with either FM Radio or Bluetooth streaming. The lack of the former will likely not make most annoyed, but the latter will. If you want to listen to music at the moment, you need to use a third-party streaming service over the car's 4G internet connection. Tesla has said that an OTA update that will bring FM and Bluetooth streaming is planned, and believed to be coming soon. Source: Autoblog
  20. You Have Until Sunday To Order A RWD Model S

    After September 24th, Tesla will end production of the rear-wheel drive Model S 75. The model is the cheapest way to get into the Model S with a base price of $69,500. After the 24th, the Model S 75D with its dual motor AWD setup will become the entry-level model with a base price $74,500. This will leave the Model 3 as the only Tesla model that is available with RWD. This news was first broke by Electrek back in July, although no official end date was given. We can see a couple of reasons for Tesla dropping the RWD Model S 75. One is to help streamline production line and hopefully get more vehicles out. It also gives further differentiation between the Model 3 and Model S. Source: Roadshow, Electrek View full article
  21. You Have Until Sunday To Order A RWD Model S

    After September 24th, Tesla will end production of the rear-wheel drive Model S 75. The model is the cheapest way to get into the Model S with a base price of $69,500. After the 24th, the Model S 75D with its dual motor AWD setup will become the entry-level model with a base price $74,500. This will leave the Model 3 as the only Tesla model that is available with RWD. This news was first broke by Electrek back in July, although no official end date was given. We can see a couple of reasons for Tesla dropping the RWD Model S 75. One is to help streamline production line and hopefully get more vehicles out. It also gives further differentiation between the Model 3 and Model S. Source: Roadshow, Electrek
  22. When Tesla finally revealed the Model 3 a couple weeks, we learned about a number of items such as max range (220 or 310 if you opt for the larger battery), how fast they hit 60 mph, and what will come standard. What wasn't talked about was how big the battery was and power figures. Thanks to some EPA documents, we have some idea on both. InsideEVs found some preliminary documents dealing with the long-range Model 3 and figured out that has an 80.5-kilowatt-hour battery pack - the document says it is a 230 Ah battery pack with 350 V nominal voltage. We should note that CEO Elon Musk has said previously that the Model 3 could not take anything larger than a 75-kWh battery. But, InsideEVs says Musk could have been referring to useable, not the max capacity of the pack. We also have learned that the long-range Model 3 produces 258 horsepower. Sadly, no torque figure was given in the documents. Source: InsideEVs
  23. When Tesla finally revealed the Model 3 a couple weeks, we learned about a number of items such as max range (220 or 310 if you opt for the larger battery), how fast they hit 60 mph, and what will come standard. What wasn't talked about was how big the battery was and power figures. Thanks to some EPA documents, we have some idea on both. InsideEVs found some preliminary documents dealing with the long-range Model 3 and figured out that has an 80.5-kilowatt-hour battery pack - the document says it is a 230 Ah battery pack with 350 V nominal voltage. We should note that CEO Elon Musk has said previously that the Model 3 could not take anything larger than a 75-kWh battery. But, InsideEVs says Musk could have been referring to useable, not the max capacity of the pack. We also have learned that the long-range Model 3 produces 258 horsepower. Sadly, no torque figure was given in the documents. Source: InsideEVs View full article
  24. Tesla's Upcoming Model Y To Use Model 3 Platform

    Tesla CEO Elon Musk made a surprise announcement earlier this year with the upcoming Model Y crossover using a new platform and not the one used for the Model 3. Musk has changed his tune, however. “Upon the council of my executive team . . . who reeled me back from the cliffs of insanity—much appreciated—the Model Y will in fact be using substantial carryover from Model 3 in order to bring it to market faster,” said Musk during the second quarter earnings call yesterday. How much faster? Previously, Musk said the Model Y (if that is the final name) could arrive by 2019. But during this call, Musk did not give a date - possibly a wise idea. Source: Autoblog, Car and Driver
  25. Tesla CEO Elon Musk made a surprise announcement earlier this year with the upcoming Model Y crossover using a new platform and not the one used for the Model 3. Musk has changed his tune, however. “Upon the council of my executive team . . . who reeled me back from the cliffs of insanity—much appreciated—the Model Y will in fact be using substantial carryover from Model 3 in order to bring it to market faster,” said Musk during the second quarter earnings call yesterday. How much faster? Previously, Musk said the Model Y (if that is the final name) could arrive by 2019. But during this call, Musk did not give a date - possibly a wise idea. Source: Autoblog, Car and Driver View full article

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