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Archive for the ‘Tesla’ Category

Mercedes Tooling Up French Plant to Take on Tesla Model 3

Compact EQA model will be one of 10 all-electric models coming by 2022.

by on May.18, 2018

The Mercedes-Benz Concept EQA made its debut at last autumn's Frankfurt Motor Show.

Daimler will invest 500 million euros, or $588 million, to tool up a plant in France that will produce an all-electric vehicle targeting the Tesla Model 3.

The German automaker has announced major plans for entering the battery-electric vehicle, or BEV, market. That includes products like the compact concept vehicle Mercedes-Benz revealed at the Frankfurt Motor Show last September.

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The French battery-car will be based on that EQA prototype. By 2022, the new Mercedes-EQ sub-brand will be selling 10 BEVs. That’s on top of the electrified models to be offered by Daimler’s Smart brand. (more…)

Tesla Model S Was in Autopilot at Time of Crash

Driver repeatedly took hands off the wheel.

by on May.17, 2018

The NTSB is investigating a third crash involving a Tesla vehicle using Autopilot at the time of the collision.

A Tesla Model S sedan that crashed into the back of a fire truck in Utah last week was operating in semi-autonomous Autopilot mode, the battery-electric automaker has confirmed, though the company has also tried to shift blame to the 28-year-old driver by noting that she repeatedly took her hands off the wheel and admitted being distracted immediately before the crash occurred.

The incident is the latest in a series of accidents involving Tesla vehicles in the U.S. and abroad and could raise new concerns about the safety of the automaker’s products – especially those using Autopilot which Tesla CEO Elon Musk has hailed as a potentially life-saving feature.

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The latest crash occurred when a Model S slammed into a parked fire truck at around 60 mph. The female driver suffered a broken foot. She subsequently told authorities that she was driving in Autopilot mode. Tesla engineers on Wednesday accessed the vehicle’s black box and confirmed that statement, though they also revealed that the driver had taken her hands off the wheel for as much as 80 seconds immediately prior to the crash. (more…)

Tesla’s California Plant Shutting Down for Six Days

Soros buys $35 million in convertible bonds.

by on May.16, 2018

Tesla CEO Elon Musk plans to shut down the Fremont, California plant for six days later this month.

Tesla CEO Elon Musk isn’t just sleeping on the plant floor at the company’s Fremont, California plant hoping a solution to increase Model 3 production will come to him by osmosis — he appears to be trying.

Just a days after changing the company’s management structure to improve communication, he’s going to shut the entire plant down for six days at the end of this month to make changes with the goal of increasing production of Tesla’s first “mainstream” car.

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Earlier, the EV maker warned the plant would shut down for a total of 10 days to tackle manufacturing issues at the site. The issues have put Model 3 production well behind schedule, angering some who plunked down deposits and irritating shareholders and analysts. (more…)

Tesla’s Musk Orders “Flattening” of Management Team as Problems with Safety, Manufacturing Mount

Newest crash also linked to Tesla’s Autopilot system.

by on May.15, 2018

Tesla's Elon Musk "flattened" the company's management structure to improve communications.

Facing increasing problems that have raised concerns about both Tesla’s technology and manufacturing operations, CEO Elon Musk has ordered a shake-up of the company’s management structure.

Tesla continues to struggle to meet production targets for its Model 3 battery-sedan, an issue that led to record first-quarter losses. But the company has also found itself in the news because of a series of serious vehicle crashes, at least some of which appear to have occurred while they were operating in the semi-autonomous Autopilot mode.

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While those crashes could raise concerns about the safety of Tesla’s products, the more immediate threat to the company’s viability is lagging Model 3 production at its Fremont, California assembly plant. In a memo sent to employees, Musk noted he was “flattening (the company’s) management structure to improve communications,” while shifting away from “activities that are not vital to the success of our mission.” (more…)

NTSB Opens 2nd Tesla Investigation After Florida Crash Kills 2 Teens

Batteries catch fire after high-speed impact.

by on May.10, 2018

The National Transportation Safety Board launched a second investigation into a Tesla crash. This time a Model S burst into flames after spinning into a wall.

Even as federal investigators probe the cause of a fatal March crash in California, the National Transportation Safety Board is sending another team off to Florida to look into a fiery crash that killed two Ft. Lauderdale teenagers and seriously injured a third this week.

While the California probe focuses on the Tesla Autopilot system in use at the time of the crash, the new investigation aims to find out why the battery pack in the Model S sedan the teens were riding in burst into flames after the vehicle spun out of control into a wall.

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“NTSB has a long history of investigating emerging transportation technologies, such as lithium-ion battery fires in commercial aviation, as well as a fire involving the lithium-ion battery in a Chevrolet Volt in collaboration with the National Highway Traffic Safety Administration,” noted NTSB Chairman Robert Sumwalt in a statement. (more…)

Tesla Doesn’t Need Money, Unless It Does

Quarterly filing language suggests funding needs.

by on May.08, 2018

Tesla's Elon Musk denied the company needed money during a recent earnings call.

Tesla CEO Elon Musk recently told analysts and journalists using a tone of voice that could be described as “certain” and “annoyed” that the electric vehicle company he founded doesn’t need any more money.

That is unless it does.

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In the company’s latest 10Q filed with the Securities and Exchange Commission Tesla said, “If we cannot raise additional funds when we need or want them, our operations and prospects could be negatively affected.” (more…)

One in Five Americans Wants to Own an Electric Vehicle

But how many will follow through is another matter entirely.

by on May.08, 2018

If the new study is any indication, sales of electric cars could soon climb into the millions.

Automakers are investing tens of billions of dollars gearing up to produce a new generation of plug-based vehicles, a worrisome effort considering that all electrified vehicles – from mild hybrids to pure battery-electric vehicles – accounted for just 3% of the overall American market last year.

But a new study finds that a full 20% of U.S. motorists want their next car, truck or crossover to be electric, according to the AAA. That’s up from 15% in just a year, the travel service reports and, perhaps not so coincidentally, the increase comes at a time when manufacturers are beginning to roll out an assortment of new models that offer longer range and quicker charging at a lower cost.

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“Today, electric vehicles have mainstream appeal,” said Greg Brannon, AAA’s director of Automotive Engineering. “While concern for the environment is still a major motivator, AAA found U.S. drivers are also attracted to the lower long-term costs and advanced technology features that many of these vehicles offer.”

(more…)

After Sour Note With Analysts, Musk Tweets a Sweet Message

Musk trolls Warren Buffett about "moats."

by on May.07, 2018

Twitter followers got creative after Tesla CEO Elon Musk said he was starting a new candy company. (Photo credit: Andrew Gobran)

After Tesla’s CEO Elon Musk’s sour performance with analysts during last week’s earnings call, he may have found a sweet way to offset that performance: A new candy company.

Musk, who’d been kind of quiet on Twitter, revealed he plans to get into the candy game … so any references he makes to Mars will likely need further clarification.

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Of course, this set his Twitter followers onto a course of what other businesses the entrepreneur, who also owns SpaceX and The Boring Co., to see what other businesses he could start up. (more…)

Production Version of Kia Niro EV Breaks Cover

Timing of U.S. launch unclear.

by on May.04, 2018

The long-range version of the Kia Niro EV will get 236 miles out of a 64 kWh battery pack.

We got a first look at the concept version of Kia’s all-electric Niro model during the Consumer Electronics Show earlier this year. The Korean carmaker has now pulled the wraps off the production model during the Fifth International Electric Vehicle Expo in Seoul.

A quick glance suggests the version that will be rolling into showrooms is a bit more conservative than the CES show car, with relatively conventional lights and bumpers. Perhaps the biggest difference between the Niro EV and earlier versions of the crossover can be seen in the textured, albeit solid, grille – which actually bears more than a passing likeness to the snout on the all-electric Hyundai Kona that debuted at the New York International Auto Show barely a month ago.

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Kia is being sparse when it comes to offering details about the Niro EV, though it did indicate the battery-electric vehicle will be offered with a choice of two different batteries – at least in some markets – the more powerful, 64 kWh pack will provide enough energy to travel an estimated 236 miles between charges, the 39.2 kWh pack reducing range to around 149 miles.

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Musk Looks Beyond Model 3 Problems, But Creates Some Headaches in the Process

CEO talks future product, factories – but still sends stock plunging.

by on May.03, 2018

Forget those earnings numbers. Tesla CEO Elon Musk was far more interested in talking about future products, the next-gen Roadster shown here.

Tesla CEO Elon Musk is not one to suffer fools – or critics – lightly, as he proved during a 75-minute teleconference call following the release of the automaker’s first-quarter earnings report on Wednesday evening.

The South African-born executive attempted to put a positive spin on what was Tesla’s worst-ever quarterly deficit, promising future earnings while also revealing plans for new factories, new products and a new, fully hands-free version of the Autopilot system. But Musk also offered a harsh assessment of some of the reporters on the earnings call, while repeatedly cutting off analysts looking for long-term financial projections that he dismissed as “boring.”

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“These questions are so dry, they’re killing me,” he interjected before dismissing one analyst’s questions. Musk later shifted his disdain to reporters, at one point suggesting that by questioning the safety of Tesla’s current, semi-autonomous version of Autopilot, reporters might convince drivers to turn it off “and then die.”

(more…)