Tesla
217 topics in this forum
-
-
- Editor-in-Chief
- 2 followers
- 11 replies
- 2.9k views
Hertz has announced that it will sell off roughly 30%, or 20,000 vehicles, of its EV fleet. The move came after it announced a scale-back from its original goal of electrifying 25% of the rental fleet. Hertz's original goal was to acquire 100,000 Tesla and 65,000 from Polestar over five years. Teslas make up roughly 80% of the Hertz EV fleet. At the time of this writing, there are 631 Teslas for sale on Hertz's website and only 40 EVs from other brands. In a statement, Hertz cited substantially higher than average repair costs "for EVs" with extended wait times for parts availability. Additionally, Hertz reported that manufacturers' new lower retail prices hurt the …
Last reply by G. David Felt, -
-
-
- 0 replies
- 718 views
The National Highway Safety Administration (NHTSA) has received a recall from Tesla covering 2,031,220 vehicles. Products affected span from the 2012-2023 Model S, 2016-2023 Model X, 2020-2023 Model Y, and 2017-2023 Model 3. These recalls are for those vehicles with Autosteer. Tesla's Autosteer system, in certain scenarios, would fail to consider driver awareness or emergency driver intervention. This leads to potential misuse or cancellation issues. After testing the Autosteer technology, the NHTSA stated, "In certain circumstances when Autosteer is engaged, the prominence and scope of the feature's controls may not be sufficient to prevent driver misuse of the SAE…
Last reply by Anthony Fongaro, -
-
- Editor-in-Chief
- 9 followers
- 1.1k replies
- 61.3k views
Norway has been in the news lately and not just a little but across a wide range of news organizations. Norway has been very embracing of the move to EVs supporting just about every version that has come out from small EVs that would remind one of a Golf cart and illegal on the roads in the US to the luxury level of Tesla with the X and S auto's. Norway has even been leading the world in the change over of their countries taxi fleet to EVs. One benefit to the taxi owner is the ability to write off half of the auto cost in the first year and the rest in the second year as long as the taxi travels over 100,000 kilometers per year. This allows private taxi drivers…
Last reply by balthazar, -
-
-
- Editor-in-Chief
- 10 followers
- 45 replies
- 2.7k views
In case you lost count; we're in the 4th month.
Last reply by G. David Felt, -
-
-
- Editor-in-Chief
- 3 followers
- 7 replies
- 974 views
December 2021 possible customers and existing customers noticed that the production date for the Cybertruck had dropped off the reservation page at Tesla.com. The CEO later sent out on social media that he would have an update in the near future. Seems Reuters.com got the 411 on this info as now per a person familiar with the matter informed Reuters yesterday that production is pushed back to the end of 2022 with initial deliveries to be done at the end of the first quarter of 2023. Tesla as an electric car and suv builder has talked about electric semi-trucks and in 2019 revealed the Tesla Cybertruck to a much-flawed introduction, but a …
Last reply by oldshurst442, -
-
- 3 followers
- 10 replies
- 919 views
Tesla current owners are wanting change in the state of Texas and especially Elon Musk wants this change to happen as well. Musk became aware of the issue when a local owner posted this on twitter and tagged Elon Musk. According to a beginners guide to the Texas legislature, at the end of the civil war, Texans were rewriting the state constitution and it was made very clear they hated government. The old joke goes that they wanted to have the state legislature meet for 2 days every 140 years. they had to settle for 140 days meeting every two years. As such the state house and senate members get paid their yearly salary, but only work 140 years every two years fo…
Last reply by balthazar, -
- 2 followers
- 1 reply
- 1.5k views
...in average insurance coverage costs in 49 States, according to nerd wallet (it's the 2nd highest in NY State). And interesting contrast to Elon Musk's statement that insuring a Tesla "should be 20% cheaper than average". Louisiana has the highest average insurance bill for the Model 3, at $3436 / yr. Insanely expensive... funny how I've never read about extravagant insurance costs in a single Tesla review. Seems to be yet one more associated cost that gets swept under the rug (along with charging & maintenance costs). I'm kind of surprised this far into the Tesla story that this has slipped under the radar. As these hidden costs gets more & more exposure, …
Last reply by A Horse With No Name, -
-
- Editor-in-Chief
- 4 followers
- 5 replies
- 892 views
https://www.fool.com/investing/2021/01/30/teslas-profits-are-not-from-selling-cars/?source=eptyholnk0000202&utm_source=yahoo-host&utm_medium=feed&utm_campaign=article
Last reply by Drew Dowdell, -
-
- 1 follower
- 0 replies
- 1k views
Last reply by A Horse With No Name, -
- 1 follower
- 0 replies
- 719 views
Last reply by A Horse With No Name, -
- 1 follower
- 0 replies
- 717 views
Last reply by A Horse With No Name, -
- 2 followers
- 2 replies
- 1.2k views
Last reply by A Horse With No Name, -
- 7 followers
- 39 replies
- 628.2k views
oh. my. God. Shades of the 1958 Aurora, it's even in the same color scheme: This has to be a joke, someone please tell me this is a joke. It looks like it was built with cardboard and a few cans of spray paint. Not to mention; Rivian must be feeling par-TIC-ularly pleased with their work after viewing this.
Last reply by G. David Felt, -
- 2 followers
- 1 reply
- 1.8k views
Whoops.
Last reply by G. David Felt, -
-
- Editor-in-Chief
- 6 followers
- 26 replies
- 44.5k views
Another set back for Tesla. Tesla faces a federal investigation by NHTSA regarding what has been termed an "alarming" number of vehicle fires. In some instances, vehicles in an accident caught on fire, were extinguished, towed to an storage lot, then again caught on fire WEEKS later. Tesla is also facing a class action lawsuit from owners over software update complaints. These legal entanglements are on top of the 2018 FBI investigation into possible overstatement of Model 3 deliveries and any associated stock price manipulation, AND Tesla settling a lawsuit by the SEC regarding his "funding secured" tweet related to implying he would take the company priva…
Last reply by oldshurst442, -
-
-
- Editor-in-Chief
- 2 followers
- 5 replies
- 2k views
The Tesla Model 3 nearly broke into the top 10 best selling vehicles in Europe for September 2019, missing the mark by just 217 units. Overall, sales growth in the EU is strong with 14 markets reporting positive numbers. Germany came in at 9.1 percent and Italy came in at 6.5 percent. Battery electric vehicles were up sharply, increasing 119 percent, of which Tesla controlled nearly 50% of that number. Total Tesla registrations were 19,500 out of the 40,700 BEVs registered. That put the Tesla Model 3 as the best selling BEV in Europe. For September, the Volkwagen Golf was the best selling vehicle in Europe with 32,398 units registered. Tesla shares jumped…
Last reply by Robert Hall, -
-
-
- Editor-in-Chief
- 4 followers
- 7 replies
- 1.6k views
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
Last reply by balthazar, -
-
-
- Editor-in-Chief
- 1 reply
- 1.6k views
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 tumbl…
Last reply by riviera74, -
-
-
- Editor-in-Chief
- 10 followers
- 51 replies
- 264k views
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 t…
Last reply by balthazar, -
-
-
- Editor-in-Chief
- 4 followers
- 8 replies
- 1.8k views
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. No…
Last reply by G. David Felt, -
-
- 1 follower
- 2 replies
- 1.6k views
Maxwell Technologies has announced their definitive merger agreement with Tesla, Inc. This is a $218 million dollar all-stock deal which put a value of $4.75 per share on the Maxwell common stock. To quote the news announcement from Maxwell; Tesla CEO Elon Musk is on record saying that ultracapacitors could provide a more likely bet for a breakthrough in energy storage than batteries. Maxwell Ultracapacitors can hold up to 300 watt-hours of electricity per kilogram. This represents 20% more storage than Tesla's largest battery cell pack. Maxwell is also on record saying that their Ultracapacitors have the potential to store more than double the energy by mass ver…
Last reply by G. David Felt, -
-
- Editor-in-Chief
- 1 follower
- 5 replies
- 1.6k views
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…
Last reply by riviera74, -
-
-
- Editor-in-Chief
- 2 followers
- 4 replies
- 1.5k views
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 …
Last reply by daves87rs, -
-
-
- Editor-in-Chief
- 2 followers
- 3 replies
- 1.5k views
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 desig…
Last reply by G. David Felt, -
-
-
- Editor-in-Chief
- 2 followers
- 3 replies
- 2k views
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…
Last reply by G. David Felt, -
-
-
- Editor-in-Chief
- 2 followers
- 4 replies
- 1.7k views
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 Ins…
Last reply by regfootball, -
-
-
- Editor-in-Chief
- 1 follower
- 4 replies
- 1.6k views
According to sources familiar with Tesla software, Tesla is preparing to update the Model S and Model X with new, more efficient motors. Recent software updates have appeared that make reference to the new motors. The new motors with the codename "Raven", are permanent magnet reluctance motors as found in the Model 3. These motors have the benefit of pre-excitation from the magnets giving them an efficiency advantage. They also work to reduce the overall costs of the vehicle. In the Model 3, the motors can achieve an efficiency rating higher than 97% compared to 93% on the Model S/X. The difference in efficiency is even more marked in stop and go traffic where t…
Last reply by dwightlooi, -
-
-
- Editor-in-Chief
- 6 followers
- 39 replies
- 90k views
Tesla unveiled their newest addition to their lineup, the Tesla Model Y, last night at an event in Los Angeles. The Model Y is a crossover based on the Model 3 platform but is large enough to carry 7 adults. Inside, the high seating and panoramic roof lend a feeling of spaciousness. A front trunk and split folding second-row seats provide a total 66 cubic feet of storage. Like on the Model 3, accessing the Model Y works from a connection to the driver's smartphone. The Tesla Mobile App connects to features like remote door lock, Summon, remote pre-conditioning, location tracking, and more. Tesla has built the Model Y to be the safest mid-size SUV with rigid body …
Last reply by G. David Felt, -
-
-
- Editor-in-Chief
- 5 followers
- 16 replies
- 2.1k views
Tesla announced the evening of March 6th 2019 that Version 3.0 of their supercharging network would roll out across the globe and be in place by the end of calendar year 2019. With the growth of the global market and to support a ever growing base of Tesla 3 owners and the upcoming new products, charging needed to get faster to reduce wait times by their customers. As such. V3 Supercharging was born out of Tesla's experience with the world's largest grid connected batteries enabling Tesla to surpass all OEM auto competitors in recharging their electric auto's. V3 Supercharging is a utility scale new architecture product that can delivery a peak rate of 250kW per car …
Last reply by ocnblu, -
-
-
- Editor-in-Chief
- 6 followers
- 16 replies
- 1.9k views
On February 28th, Tesla announced that they would be closing most of their retail locations and moving to an online sales model in order to cut costs. In a blog post yesterday, Tesla has reversed course on that position somewhat, and will not only close a portion of their stores. Some of their locations, around 10%, have already closed and Telsa said they would have closed anyway due to low foot traffic. Another 20% of locations are currently under review and depending on performance will be decided on in the next few months. All sales will still remain online only, and customers who come into the stores will be shown how to order their vehicle online. The …
Last reply by Drew Dowdell, -
-
- 3 followers
- 6 replies
- 1.4k views
Interesting article on Jalopnik and video from Engineering Explained. Jason Fenske compared his Model 3 with comparable ICE car Giulia Quadrifoglio. Jalopnik "According to Jason’s rough, conservative calculations, not taking into account various possible driving conditions and driving styles, you would save about $1,400 per year driving the Model 3 Performance. The EPA estimates that annual fuel costs would be $550 for the Model 3 Performance and $2,250 for the Giulia Quadrifoglio, which would be a difference of about $1,600 annually."
Last reply by G. David Felt, -
-
- Editor-in-Chief
- 8 followers
- 33 replies
- 3.4k views
Tesla announced that beginning today, the standard version of the Model 3 with a base price of $35,000 is available for order. The base Model 3 has a top speed of 130 mph and a 0-60 time for 5.6 seconds. Additionally, Tesla will be introducing a Model 3 Standard Range Plus with 240 miles of range, top speed of 140mph, 0-60 of 5.3 seconds, and some interior upgrades for $37,000 before incentives. Tesla claims that these upgrades give customers 9% more range for 6% more money. Existing Model 3 drivers will be receiving firmware updates that will increase the range of the Long Range rear-wheel drive Model 3 to 325 miles and the Model 3 Performance top speed to 162 mph…
Last reply by G. David Felt, -
-
-
- Editor-in-Chief
- 4 followers
- 9 replies
- 1.8k views
Elon Musk revealed in a series of tweets that the Tesla Model Y compact crossover would be revealed at an event in their LA Design Studio on March 14th. Detailed specs, pricing, and even test rides will be available. Musk says that the Model Y will be about 10% larger than a Tesla Model 3 and expects pricing to be about 10% more. The Model Y will share battery sizes with the Model 3 and because of increased size and weight will get slightly less range. Musk indicated that the Model Y will look a lot like a Model 3 and will not have the falcon wing doors found on the Model X. Last week Tesla announced that the base model $35,000 (before destination charges) versi…
Last reply by regfootball, -
-
-
- Editor-in-Chief
- 2 followers
- 6 replies
- 1.4k views
Last Tuesday, Tesla CEO Elon Musk tweeted that the company would produce "around 500,00" cars in 2019, a large increase over the goal of 400k vehicles the company previously forecast in January. Musk later corrected himself and said that is meant "annualized production rate at the end of 2019 probably around 500k". The problem with this tweet is that back in October, Tesla and Musk had entered into a settlement with the SEC that Musk's public statements regarding Tesla production, finances, and other such matters would be reviewed by the company's board of directors before they were posted. The settlement stems from a fraud case where Musk tweeted that "funding has …
Last reply by Drew Dowdell, -
-
-
- Editor-in-Chief
- 11 followers
- 25 replies
- 3.7k views
Consumer Reports has rescinded the "Recommended" rating after a high number of survey responses came back with reliability complaints. Survey respondents have indicated that the electronics in the car have issues such the screen freezing or acting as though it was being touched rapidly in multiple locations. This issue would cause music to play, volume to increase to maximum, or the navigation map panning and resizing. Some owners reported issues with trim and paint, with a few, including CR themselves, experiencing a large crack in the rear glass. When the Model 3 came out in 2017 it received an initial rating of average based on the fact that it shares so …
Last reply by ocnblu, -
-
-
- Editor-in-Chief
- 2 followers
- 4 replies
- 1.4k views
Back in 2017, the NHTSA released a report on the safety of Tesla's Autopilot system after the fatal crash of a Tesla owner in 2016. That report claimed that the use of Autopilot, or more precisely the lane-keeping function called Autosteer, reduced crash rates by 40%. In that original crash, the owner repeatedly ignored warnings to resume manual control of the vehicle. Critics questioned whether Autopilot was encouraging drivers to pay less attention to the road. The NHTSA report appeared to put those concerns to rest. Later, when a second driver died in an Autopilot related accident, Tesla CEO Elon Musk pointed to the NHTSA study and the 40% increase in safe…
Last reply by balthazar, -
-
-
- Editor-in-Chief
- 11 followers
- 133 replies
- 12.1k views
Tesla isn't done with price cuts it seems. Bloomberg reports that the automaker has dropped the price of all Model 3 models by $1,100 - bringing the base price to $42,900. The reason cited by Tesla was the end of a customer referral program that ended up costing them more than they realize. The program gave new owners six months of free supercharging if they were referred by a friend. Those who referred a number of people got rewarded with various prizes such as getting the next-generation Tesla Roadster. This is the second price cut for Model 3 this year. Last month, Tesla instituted a $2,000 price cut on their lineup to soften the blow of the Federal Tax Credi…
Last reply by ocnblu, -
-
- 3 followers
- 4 replies
- 1.2k views
Before January comes to a close, Tesla has announced some more changes for the Model S and X. Instead of using 100D and P100D to designate models, Tesla will be using the naming system found on the Model 3. This is how it will break down. 100D = Extended Range P100D = Performance P100D with Ludicrous Mode = Performance with Ludicrous Mode There will also be base models known as the Model S and Model X. They'll get the same 100 kW battery as in the extended range models, but range will be locked to 310 Miles (Model S) and 270 miles (Model X). You can pony up $8,000 to gain the extra range (335 for the Model S, 295 for the Model X). Earlier in…
Last reply by daves87rs, -
- 1 follower
- 3 replies
- 1.3k views
Tesla announced yesterday that it will reduce production hours for the Model S and Model X. This follows news of Tesla cutting seven percent of their workforce and dropping 75D variants of the S and X. “We recently announced that we are no longer taking orders for the 75 kWh version of Model S and X in order to streamline production and provide even more differentiation with Model 3. As a result of this change and because of improving efficiencies in our production lines, we have reduced Model S and X production hours accordingly,” Tesla said in a statement to Bloomberg. According to unnamed current and former employees, Tesla has set "substantially lower daily …
Last reply by Suaviloquent, -
-
- Editor-in-Chief
- 9 followers
- 26 replies
- 2.7k views
In an email to all employees today, Elon Musk has announced that Tesla plans to layoff 7% of its staff or about 3,150 jobs. In addition to these cuts, Tesla will also retain only the most critical of contractors and temporary workers. Tesla's workforce grew by 30% last year. Musk reported that preliminary financial results for Q4-2018 show a small profit, smaller than the 4% profit reported for Q3-2018. Musk stressed that Telsa must work to get the mid-range Model-3 available in all markets by May in order to target a tiny profit for that quarter. The email was also posted to Tesla's company blog. Hat tip to reader @Cmicasa the Great for notifying u…
Last reply by ocnblu, -
-
-
- Editor-in-Chief
- 5 followers
- 26 replies
- 2.5k views
Tesla is moving further into exotic car territory with the Model-S and Model-X. Elon Musk announced in a tweet on January 9th that after January 13th, the 75D versions of both vehicles would no longer be available for order and the new entry-level model will be the 100D. The starting price for Model-S 75D is $76,000. That gets you an AWD EV with 259 miles of range that can do 0-60 in 4.2 seconds. Telsa's AutoPilot is available for an additional $5,000. Moving to the 100D is an increase of $18,000 to $94,000. That increases the range to 335 miles and cuts a tenth of a second off the 0-60. The Model-X 75D starts at $82,000 with a range of 237 miles. With that…
Last reply by Drew Dowdell, -
-
- 1 follower
- 1 reply
- 909 views
Hot on the heels of the veiled news that Teslas are going to effectively be $3625 more expensive by the end of 2019 (with the ratcheting down of the EV tax credit once a manufacturer hits 200K units sold), Tesla announced today that they are discontinuing the 'entry level' 75 kw Model S and Model S by this Sunday night. That's a 72 hour notice. What this means --in the case of the Model S for example-- is that the future buyer of that Tesla is staring at an $18,000 price increase.
Last reply by balthazar, -
-
- Editor-in-Chief
- 2 followers
- 8 replies
- 1.6k views
A new year marks the beginning of the reduction of the federal tax credit for Tesla - from $7,500 down to $3,750. To counteract the reductions, Tesla has instituted a $2,000 price cut on all models. Here is how the pricing looks like, Model 3 $45,200, Mid-Range $52,200, Long Range $63,200, Performance Model S $77,200, 75D $95,200, 100D $134,200, P100D Model X $83,200, 75D $98,200, 100D $139,200 P100D This reduction comes on the same day that Tesla announced fourth quarter production numbers. The past f…
Last reply by balthazar, -
-
-
- Editor-in-Chief
- 3 followers
- 17 replies
- 1.7k views
For the past couple of years, Tesla has been offering an $8,000 "full self-driving" feature for their Autopilot system. But you couldn't use this feature as Tesla had not yet activated this feature. Basically, you were buying a system that Tesla promised would come online sometime in the near future. But that is not happening as Tesla has pulled the option for the time being. Last night, Tesla CEO Elon Musk tweeted the option has been taken off due to it causing "too much confusion". Since Tesla began offering the option in October 2016, the company has seen a number of top managers and engineers leave the Autopilot program. A number of owners who paid for the $…
Last reply by balthazar, -
-
- 1 follower
- 0 replies
- 778 views
https://www.nytimes.com/2018/11/08/business/tesla-new-chairwoman-elon-musk.html NY times is the first one to report this, but seems others have also already. https://www.tesla.com/blog/announcing-robyn-denholm Robyn Denholm, Tesla’s new chairwoman, has an extensive background in technology. https://www.washingtonpost.com/business/tesla-says-robyn-denholm-of-telstra-to-be-new-board-chair/2018/11/08/46a13b4a-e32e-11e8-ba30-a7ded04d8fac_story.html?noredirect=on&utm_term=.5cc3cebe4e57 https://www.businessinsider.com/tesla-board-of-directors-full-list-elon-musk-chairman-replacement-2018-8 http://www.laht.com/article.asp?ArticleId=24…
Last reply by G. David Felt, -
-
- Editor-in-Chief
- 3 followers
- 10 replies
- 1.3k views
Tesla reported Q3 2018 Earnings on Wednesday with revenue of $6.82 billion and a profit $417 million or $2.90 per share. Tesla's earnings per share widely out-paces analyst estimates of losses of 15 to 19 cents per share. Revenue on automotive production increased 158% year over year with a dramatic increase in sales during the summer of 2018 due to increased sales of the Model 3 sedan. Tesla also cites increased gross margins on the Model S and Model X due to increased efficiencies. The Model 3's margin grew to above 20% while production rate increased and manufacturing costs dropped. Telsa is now moving an average of 4,300 Model 3s off the assembly line per week. …
Last reply by daves87rs, -
-
- 1 reply
- 996 views
Tesla finds itself without a chairman of the board as Elon Musk has stepped down due to a settlement with Securities and Exchange Commission. A possible replacement for Musk could be James Murdoch, chief executive of 21st Century Fox and a member of Tesla's board according to a report from the Financial Times. The SEC is wanting the next chairperson to be independent and not beholden to Musk. Murdoch is the closest thing as he has more financial independence than another candidate, Antonio Gracias. The FT report says Gracias' venture capital firm, Valor Equity Partners was an early investor into Tesla, though it had sold its shares when Tesla had its IPO. Gracias is …
Last reply by G. David Felt, -
- 1 follower
- 0 replies
- 662 views
... how the Model X came out.
Last reply by balthazar, -
-
- Editor-in-Chief
- 3 followers
- 12 replies
- 1.5k views
In a deal announced late Saturday between Tesla and the Securities and Exchange Commission, Elon Musk will be stepping down as Chairman of Tesla Motors and barred from holding that position for 3 years. Additionally, Musk and Tesla will pay $20 million in fines each. As part of the settlement, Tesla will add two additional board members and more closely monitor Mr. Musk's public communications. Neither Tesla nor Mr. Musk admit wrongdoing as part of this agreement. The settlement comes as a surprise as apparently Musk had rejected a similar deal earlier this week. The settlement stems from a lawsuit filed by the SEC against Musk and Tesla over an A…
Last reply by A Horse With No Name, -
-
- 2 replies
- 906 views
Late Thursday afternoon saw a massive bombshell dropped; the SEC sued Elon Musk over securities fraud over his August tweet that he was considering taking Tesla private and having the "Funding secured." But a new report from CNBC said there was a possible settlement between the two where Musk would not have to admit guilt. However, Musk pulled the plug on the deal at the last minute. According to sources, this is what the proposed deal looked like, Tesla and Musk would had to pay a fine Musk would not have to admit guilt or deny culpability Barred Musk as being the chairman for two years Require Tesla to find two new independent directors …
Last reply by riviera74, -
- 4 followers
- 10 replies
- 1.3k views
The tweet that has become Elon Musk's version of Pandora's Box has brought forth a lawsuit from the Securities and Exchange Commission (SEC). Today, the SEC accused Musk of securities fraud when he tweeted that he had the funding secured to take Tesla private back in August. "Musk knew or was reckless in not knowing that each of these statements was false and/or misleading because he did not have an adequate basis in fact for his assertions," the SEC wrote in a complaint filed in Manhattan federal court today. "Musk's false and misleading public statements and omissions caused significant confusion and disruption in the market for Tesla's stock and resulting ha…
Last reply by ocnblu, -
-
- Editor-in-Chief
- 7 followers
- 33 replies
- 2.4k views
We have to wonder if Tesla CEO Elon Musk regrets posting this tweet as the Justice Department has opened an investigation into the company. Bloomberg has learned from two sources that federal prosecutors opened a fraud investigation into the company after Musk's tweet sent shares soaring. This follows an inquiry by Securities and Exchange Commission into whether or not Tesla had issued "misleading pronouncements on manufacturing goals and sales targets." The investigation is in the early stages according to a source and its unclear how big of a scope the investigation could take. Prosecutors could look into other statements by Musk concerning Tesla's overal…
Last reply by ocnblu, -
-
- 1 follower
- 0 replies
- 778 views
https://www.engadget.com/2018/09/16/tesla-ends-lifetime-free-supercharging-offer/?yptr=yahoo Tesla's offer of free, unlimited Supercharger access was supposed to have ended in early 2017, but it's been on a form of life support since then. Unless you were buying a regular Model 3, you could get the no-cost charging by ordering your EV with a referral code from an existing owner. Now, however, even that exception is coming to an end. Elon Musk has pointed out that the referral program is about to end. After September 16th, owners will only get to hand out $100 in Supercharging credit to Model S, Model X and Model 3 Performance buyers -- just enough f…
Last reply by balthazar, -
- 1 follower
- 3 replies
- 1.1k views
If there is a trend at Tesla, it's that there's always more to the various stories. Case in point: On Friday night, CEO Elon Musk posted a piece on Tesla's blog saying that plans have been scrapped about taking the company private. "Although the majority of shareholders I spoke to said they would remain with Tesla if we went private, the sentiment, in a nutshell, was ‘please don’t do this,” Musk wrote. But what led him to this decision? Over the weekend, Bloomberg, The New York Times and Wall Street Journal published pieces into Musk's reversal. The short of it comes down to Musk jumped the gun with his announcement earlier this month on Twitter without making s…
Last reply by riviera74, -
- 2 followers
- 1 reply
- 942 views
The News is abuzz with stories by various sources that Elon Musk needs to be replaced as CEO of Tesla, leaving him as non-executive Chairman of the company. Bob Lutz is now officially on record that for Tesla to survive, the board should replace Musk with Mulally. https://carbuzz.com/news/ex-gm-boss-bob-lutz-thinks-elon-musk-should-step-down-as-tesla-ceo https://www.autoblog.com/2018/08/20/bob-lutz-tesla-elon-musk-ceo/ https://bestsellermagazine.com/news/How-to-fix-Tesla?-Let-Mulally-take-the-wheel https://www.yahoo.com/news/apos-time-tesla-replace-elon-160000937.html https://www.roadandtrack.com/new-cars/car-technology/a22812531/tesla-replace-elo…
Last reply by Suaviloquent, -
- 2 replies
- 855 views
Over two weeks ago, Tesla CEO Elon Musk took everyone by surprise by announcing his intention to take Tesla private. But those plans have been scrapped. Last night, Musk published a blog post saying that he had met with the board and “let them know that I believe the better path is for Tesla to remain public. The Board indicated that they agree.” "Although the majority of shareholders I spoke to said they would remain with Tesla if we went private, the sentiment, in a nutshell, was ‘please don’t do this,” wrote Musk. In a separate statement, Tesla's board of directors confirmed Musk's decision. "Yesterday, we held a Board meeting, during which Elon rep…
Last reply by daves87rs, -
Last Tuesday, Tesla CEO Elon Musk tweeted out that he was considering taking the automaker private and had "secured" funding. Since then, the question of who is providing the funding has been left unanswered. Today, Musk wrote up a blog post that provides some insight. The post reveals that Saudi Arabia's Public Investment Fund is responsible for the possible funding of Tesla's move to private. In the last two years, representatives of the fund have met with Musk and discussed possibly taking the company off the market. The most recent meeting was on July 31st, after the fund bought an almost 5 percent stake. "During the meeting, the Managing Director of the fun…
Last reply by riviera74, -
- 2 followers
- 5 replies
- 695 views
https://twitter.com/rithesh/status/1028437449318576128 https://twitter.com/Benj1Franks/status/1028459288799465473 https://twitter.com/Benj1Franks/status/1028459288799465473/photo/1 1/2 hr, bringing Model 3 home, run in to heavy rain on the streets & bumper comes off https://t.co/mOh2UAjWWr <blockquote class="twitter-tweet" data-lang="en"><p lang="en" dir="ltr">1/2 hr, bringing Model 3 home, run in to heavy rain on the streets & bumper comes off <a href="https://twitter.com/hashtag/devastated?src=hash&ref_src=twsrc%5Etfw">#devastated</a> <a href="https://twitter.com/Tesla?ref_src=twsrc%5Etfw">…
Last reply by G. David Felt, -
- 1 follower
- 2 replies
- 975 views
Everyone seemed to lose their mind when Tesla CEO Elon Musk tweeted out Tuesday that he was considering taking the company private. For a time, the NASDAQ had to halt trading of Tesla stock because of massive fluctuations in the share price. The reasoning behind this move made sense as it would allow the company to focus on the long-term. But this tweet has also brought some unattended problems. Reuters has learned from sources at Tesla that the board of directors is seeking more information from him as to how the buyout will be financed. As we reported yesterday, the board has talked about this idea for some time. But a source reveals that it hasn't gotten either a …
Last reply by G. David Felt, -
-
- Editor-in-Chief
- 1 follower
- 6 replies
- 1.1k views
Yesterday afternoon, Tesla CEO Elon Musk tweeted this This sent everyone into a tizzy, wondering if he was being serious or not. In fact, NASDAQ had to halt trading of Tesla for a couple of hours because of this tweet. Thankfully, Tesla posted an email that was sent by Musk to employees explaining why. The key reason comes down wanting to minimize distractions and begin focusing on the long term. "But the reason for doing this is all about creating the environment for Tesla to operate best. As a public company, we are subject to wild swings in our stock price that can be a major distraction for everyone working at Tesla, all of whom are shareholders. Being …
Last reply by Drew Dowdell, -
-
- 2 followers
- 2 replies
- 802 views
According to electrek web site they were given information it would seem anonymously that is a real change from the gradually constant introduction of updates and new features Tesla is known for in pushing out updates quarterly. It seems for the Q3 2019 Tesla is planning to introduce a new minimalist interior into the S and X models inline with the Tesla 3. A full refresh of the exterior and interior will happen in 2021 as an assumed 2022 model. While the S and X are Tesla's flagship models and will remain so, the company is going to harmonize these interiors to look much like the Tesla 3's interior but with premium materiel's, features and expanded custom colors. …
Last reply by Robert Hall, -
- 1 reply
- 911 views
Tesla announced their second-quarter results this afternoon and the picture that it paints is somewhat cloudy. The company reported a loss of $717.5 million for the quarter, marking the seventh consecutive loss, On the upside, Tesla's revenue for the quarter was about $3.4 billion. In terms of production, Tesla said it produced 53,339 vehicles for the quarter. More importantly, the company delivered 18,449 Model 3s in that timeframe. During the earnings call, CEO Elon Musk said the company would become profitable towards the end of this year as it ramps up production and deliveries of the Model 3. "Our goal is to be profitable and cashflow positive in ever…
Last reply by regfootball, -
- 1 follower
- 0 replies
- 682 views
Based on various web sites and even Tesla themselves, one is expected to believe that they have 400,000 plus reservations for the Tesla 3 car. Yet with an email received last night: It seems anyone can order a Tesla 3 and NO RESERVATION FEE is required. On top of this it states that you will get your car in 2-4 months. Yet others that paid their $1,000 dollar fee to save a place in line is being told they still have to wait in some cases till 2019. The autoweek story points out that at 5,000 cars built a week, Tesla can only produce 115,000 cars this year. So how is it that they have this many reservations? Could it be that the bulk of these are for the pr…
Last reply by G. David Felt, -
- 1 follower
- 5 replies
- 943 views
Tesla is asking suppliers to refund some of the cash on past work as a way to make the automaker profitable. The Wall Street Journal obtained a memo that was sent to a Tesla supplier last week. The company requested that the supplier return " a meaningful amount of money of its payments since 2016." The memo goes onto say that the request is essential to Tesla's "continued operation" and would "continue the long-term growth between both players." Its unclear how many suppliers received this memo. Tesla's list of suppliers include Magna, Panasonic, and Robert Bosch GmbH. Tesla declined to comment on the memo, but did confirm that it is seeking price cuts fro…
Last reply by daves87rs, -
- 1 follower
- 4 replies
- 1.1k views
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 gov…
Last reply by daves87rs, -
- 2 followers
- 1 reply
- 798 views
Gotta love EV owners plates:
Last reply by ykX, -
-
- Editor-in-Chief
- 5 followers
- 10 replies
- 1.3k views
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 …
Last reply by daves87rs, -
-
- 1 follower
- 0 replies
- 823 views
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 th…
Last reply by G. David Felt, -
- 2 followers
- 3 replies
- 848 views
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
Last reply by ccap41, -
- 3 replies
- 906 views
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 worke…
Last reply by daves87rs, -
- 1 follower
- 0 replies
- 676 views
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
Last reply by G. David Felt, -
- 4 followers
- 11 replies
- 1.1k views
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…
Last reply by Robert Hall, -
- 3 replies
- 811 views
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 Tes…
Last reply by Robert Hall, -
- 1 follower
- 3 replies
- 1k views
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…
Last reply by riviera74, -
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. …
Last reply by G. David Felt, -
- 1 follower
- 0 replies
- 759 views
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 a…
Last reply by G. David Felt, -
- 6 followers
- 27 replies
- 2.2k views
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 …
Last reply by G. David Felt, -
- 5 followers
- 50 replies
- 3.5k views
.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…
Last reply by G. David Felt, -
- 1 follower
- 3 replies
- 742 views
So we start off with two teens getting killed in a Tesla S and police say Speed might be the factor. https://www.usatoday.com/story/tech/2018/05/09/tesla-crash-killed-2-teens-probed-investigators/596728002/ They I like this story as it covers what has gone on under the Bland style since 2012. All the software updates: https://www.greencarreports.com/news/1092515_tesla-model-s-electric-car-software-updates-since-2012
Last reply by G. David Felt, -
- 1 follower
- 5 replies
- 1k views
A new report from the Wall Street Journal reports that engineers at Tesla wanted to put more safeguards for Autopilot to keep drivers attentive to the road, but were rejected by executives. This has been concern within Tesla since the launch of Autopilot and only intensified in 2016 when a Model S crashed into a trailer in Florida. The driver was killed and an investigation revealed that Autopilot was on at the time. After the crash, Tesla brought in suppliers to talk about possible ways to keep a driver's attention on the road. Two ideas mentioned in the report included, Tracking the eyes of a driver to make sure they are watching the road. This would use a …
Last reply by G. David Felt, -
- 1 follower
- 0 replies
- 1.1k views
Tesla Model 3 Tear Down! Sandy Munro of Munro & Associates is an engineer who specializes in digging into the details of products. He especially is focused on EVs to make sure they are safe, well built and more. The video's below are very interesting to watch, especially the Teardown one where he clearly says some parts are garbage, some are competitive parts and some are worthy of Government required quality built for long life. The guy seems to know his stuff and it is worth time if you are interested in the nuts and bolts of how a Tesla 3 is built to watch. The Teardown of the model 3 video details: SPECIAL GUEST: Sandy Munro…
Last reply by G. David Felt, -
- 3 followers
- 4 replies
- 884 views
Tesla Model 3 Shut Down for a Week! Seems Buzzfeed website just released the news that the Tesla 3 will have a week delay just as it had it's first week of 2,500 production built model 3 done. This is according to the CEO to make adjustments in the software of the automation robots to allow for production to increase to hit their stated 5,000 per week goal. Seems more robots was not better than more humans in building the auto's. The story goes on to say workers will have to use a week of PTO or go unpaid as the line is updated. According to the Story, Musk posted on April 1st that the company had gone out of business and he was wandering Palo Alto drinking…
Last reply by ocnblu, -
- 3 followers
- 6 replies
- 1k views
The bad luck is continuing at Tesla. Buzzfeed News reports that Tesla has temporarily shut down the Model 3 production line at the Freemont plant for a week. Employees at Tesla tell Buzzfeed the announcement came suddenly and they have the choice of using vacation days or stay home without pay. Some will get the chance to work in other parts of the plant. A Tesla spokesperson said the shutdown is due to the company wanting to “improve automation.” This is the second time this year that Tesla has shut down the Model 3 production line. Back in late February, reports came out that Tesla had shut down the Model 3 production line. "Our Model 3 production plan includ…
Last reply by G. David Felt, -
-
- Editor-in-Chief
- 6 followers
- 19 replies
- 1.4k views
Tesla Model Y Nov 2019 According to a story on Autoblog which talked off the record to auto suppliers, Tesla has asked for quoting on supplying parts for the Tesla Y which will go into production Nov 2019 according to the RFI. Tesla Y story Seems Musk thinks he can produce 500,000 auto's off the building in Fremont California which is currently producing the Tesla S, X and 3. Now he wants to add the Y to this when they struggle to build the 3 in sufficient quantities. This makes me wonder how much business will be stolen by SF motors and their EV CUVs that will be built at an existing Hummer assembly plant they acquired and are currently renovating to …
Last reply by ocnblu, -
-
- 3 replies
- 909 views
Saturday night at Tesla's Fremont, California assembly plant was a sight to behold. "...packed with people Saturday evening as the last hours of the quarter drew to a close. Red couches and tall white tables were set up outside, a DJ played music and a truck selling Vietnamese food was on hand," Bloomberg reports. Was Tesla was celebrating an important milestone? No, the company was using this to try and motivate their workers to get more Model 3s out the door to provide some good news for investors. The past week could be considered one of the worst for the electric car maker. Moody's downgraded Tesla's credit rating further into junk status due to…
Last reply by Robert Hall, -
-
- Editor-in-Chief
- 3 followers
- 4 replies
- 1.2k views
Tesla and SpaceX Facebook accounts Deleted by Elon Musk Musk Tweets What is Facebook as he has deleted his Tesla and SpaceX accounts. Seems Facebook is not reliable, safe or should even be used anymore. http://money.cnn.com/2018/03/23/technology/elon-musk-facebook/index.html http://www.businessinsider.com/elon-musk-deletes-tesla-spacex-facebook-pages-2018-3 Business insider expands on the story by pointing to 2016 when a SpaceX rocket that was supposed to launch a Facebook Satellite blew up costing Facebook millions. Some interesting reads and challenges. What do you think?
Last reply by G. David Felt, -
-
- 3 followers
- 4 replies
- 981 views
So here's an interesting article, in light of the rising hype over possibly "EV all the trucks!!' https://www.edmunds.com/tesla/model-x/2016/long-term-road-test/2016-tesla-model-x-tow-test-recap.html It's a worth-while, real-world read, and casts some real doubt on the viability of EV haul vehicles. Tester took a Model X, which has a tow rating about 4980 lbs, towing a teeny trailer around California for a 4-day road trip. Near 5000 lbs tow rating is pretty good in all actuality- that will handle most homeowner needs short of large boat or car-hauling. And the impression of the Model X's towing by the tester was very positive, performance-wise: "Right awa…
Last reply by ccap41, -
- 2 followers
- 1 reply
- 803 views
Tesla Worst Quarterly Loss & Expected to Grow Short-term Tesla release the following details for their 4th quarter of 2017: Tesla Investor Event & Details 15,200 Model S deliveries 13,230 Model X deliveries 1,550 Model 3 deliveries 2,520 Model S & X in Transit 860 Model 3 in Transit Net Loss $675.4 Million or $4.01 per share from $121.3 million or .78 cents per share a year. Revenue Rose to $3.29 Billion from $2.28 Billion Gross Margin fell to 13.8% from 22.2% below the 15.7% expected by Analysts. Excluding items, the company lost $3.04 per share, Analysts were expecting $3.12 per share. Tesla is now…
Last reply by balthazar, -
- 1 follower
- 0 replies
- 795 views
Tesla Wagon production has begun in UK. Start with a Model S P90 and deconstruct the rear, add a carbon fiber rear addition and lift gate and you have the Tesla Wagon that went from a 26.3 cubic feet of interior space to an SUV-like 33.7 cubic feet, that is 7.4 additional cubic feet of space. This enhanced Wagon added a total of 26 pounds to the finished weight and is still faster than the Mercedes-benz AMG E63 wagon. This whole project came about by a guy who got his Tesla S and then realized his Four legged friends could not be in the far back comfortably. What you end up with is a new company called QWESTNORFOLK and they are now taking real orders for p…
Last reply by G. David Felt, -
- 2 followers
- 2 replies
- 794 views
Elon Musk Compensation Update Seems the board is holding Elon Musk to a compensation plan that is all stock for hitting deliverables and taking the company to a $650 Billion value. First stock options kick in at $100 Billion and then every $50 Billion after that. He is not being paid cash or any other awards especially with the slip in Tesla 3 production. 12 year vesting period Stock grants only based on achieving milestones Must stay as CEO or serve at Chairman of the board and Chief product officer. Currently no changes in existing roles. Full Story here
Last reply by G. David Felt, -
- 1 follower
- 1 reply
- 843 views
Cool Tesla Videos Thread
Last reply by G. David Felt, -
- 1 follower
- 0 replies
- 907 views
This is a great video to watch on the response of a 97 year old grandfather.
Last reply by G. David Felt, -
- 1 follower
- 0 replies
- 781 views
Tesla End of Year Updates Letter Seems Tesla is looking to simplify their product portfolio, Effective immediately all Model S and X now come standard with Dual Motors. they are also pushing solar options, trying to grab money in reservations for the new roadster and offering Free Supercharging with 5 year extended warranty.
Last reply by G. David Felt, -
-
- Editor-in-Chief
- 6 followers
- 14 replies
- 1.7k views
PepsiCo has placed a pre-order for 100 of Tesla's recently released Semi-Truck. Wal-Mart, J.B. Hunt, and Sysco have also placed orders. Reuters tallies the total so far at 285 units. Tesla was initially asking for a $5,000 reservation fee, but has since increased that to $20,000. Pepsico plans on using the trucks for lighter snack items and fixed routes between distribution centers. An order of 100 trucks represents about 1% of Pepsi's 10,000 strong fleet. Over 260,000 conventional semi-trucks are produced each year. The Tesla Semi has a promised range of 500 miles with 80,000 lbs at 65 mph. Promised performance increases over a conventional diesel include th…
Last reply by balthazar, -
-
- 1 follower
- 9 replies
- 1.2k views
More than 90 percent of Tesla Model S and X models that roll off the assembly line require fixes before they are shipped. This figure comes from nine former and current Tesla employees that spoke to Reuters this week citing data from the company's internal tracking system. At Tesla “so much goes into rework after the car is done ... that’s where their money is being spent,” said a former supervisor. Industry experts say it is critical for an automaker to get the quality right before initial production as repairs waste time and money. Other automakers such as Toyota only have an average of "fewer than 10 percent of their cars" requiring some sort of fix. Som…
Last reply by A Horse With No Name, -
- 3 followers
- 24 replies
- 1.8k views
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 Tes…
Last reply by regfootball, -
- 4 followers
- 23 replies
- 2.8k views
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 sem…
Last reply by smk4565, -
- 3 followers
- 17 replies
- 2k views
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…
Last reply by balthazar, -
-
- Editor-in-Chief
- 4 followers
- 26 replies
- 2.6k views
The past couple of months have not been pleasant for Tesla. Production delays of Model 3, the firing of 700 workers, and various parts of the Model 3 being handmade have put a negative light on the electric car company. Yesterday, Tesla announced their Q3 results and the news isn't pretty. Tesla reported a $671 million loss for the quarter, making it the largest quarterly loss. The company burned through $1.42 billion in cash in the quarter as it worked on ramping up Model 3 production. Revenue was slightly up to $2.98 billion. Tesla also revealed that it is pushing back its ambitious goal of 5,000 Model 3s per week by the end of this year to the end of the firs…
Last reply by A Horse With No Name, -
-
-
- Editor-in-Chief
- 7 followers
- 176 replies
- 15.2k views
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 emphas…
Last reply by ocnblu, -
-
Subscribe to Cheers & Gears
Since 2001 we've brought you real content and honest opinions, not AI-generated stuff with no feeling or opinions influenced by the manufacturers.
Please consider subscribing. Subscriptions can be as little as $1.75 a month, and a paid subscription drops most ads.*
You can view subscription options here.
*a very limited number of ads contain special coupon deals for our members and will show
-
