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Posts Tagged ‘Tesla CEO Elon Musk’

Tesla Set to Reveal “Unexpected” New Product

Musk also says there is no need to raise more cash.

by on Oct.10, 2016

Tesla CEO Elon Musk with an image of the troublesome Model X which missed production targets, is unveiling a new product on Oct. 17.

Even as it moves forward on the development of its first mainstream product, the Model 3 sedan, Tesla Motors CEO Elon Musk says the battery-carmaker will lift the covers on an all-new product on Oct. 17.

Musk, a savvy user of social media, suggested in a Monday morning tweet that the new battery-electric vehicle will be “unexpected by most,” but offered no other clues as to what is in store.

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In recent months, Musk has dropped a variety of hints, along with broader indications, as to what he would like to see in the Tesla line-up in the years ahead. That includes a crossover-utility vehicle to complement the downsized Model 3, and even a battery-electric pickup. The Tesla founder has already confirmed that an all-new version of Tesla’s original product line, the Roadster, is in the works. (more…)

Tesla May Build Cars in China

Battery carmaker launches sales, outlines plans for supercharger network.

by on Apr.22, 2014

Tesla delivered its first eight cars in China today. Building the vehicles in China is a possibility in the future, according to CEO Elon Musk.

Tesla Motors has launched what could become its biggest gamble yet, delivering its first cars in China and hinting at plans to produce cars in the booming Asian nation.

The Silicon Valley start-up is already the second best-selling producer of battery-electric vehicles in the U.S. and has already launched sales of its Model S in Europe, but it is betting its timing is right to tap into burgeoning demand in China where the government is desperately pushing for a shift to battery power as a way to reduce the country’s endemic smog problems.

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Tesla today delivered its first eight Model S sedans to Chinese customers, CEO Elon Musk telling reporting he hoped the maker could sell 5,000 of the vehicles in China this year, though he quickly cautioned the number is “just a guess.” (more…)

Thunder and Lightning Set New EV Guinness Record

Tesla team completes cross-country trek in 76.5 hours.

by on Feb.03, 2014

Members of the Cross Country Rally team celebrate the completion of their 3,400-mile trek across the U.S.

It took two Tesla Model S sedans nicknamed after bad weather – Thunder and Lightning – to ward off a slew of bad weather and a team of 15 three days to finish setting a new world record on Sunday in New York.

Spurred on by the recent effort of John Glenney, 62, and his 26-year-old daughter, Jill, a father-daughter team who drove from New York to Los Angeles in five days, the aptly named Cross Country Rally team set a goal of just three days to accomplish the 3,464.5-mile trek using only Tesla’s Supercharger network. Superchargers are also faster than regular charging: they replenish half a charge in as little as 20 minutes.

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They completed the trip from Los Angeles to New York City in just 76.5 hours, and recorded the lowest charge time – 1,197.8 kWh – for an electric vehicle traveling across the country, which is now being assessed for recognition by Guinness World Records in London. The process can take as long a six weeks. (more…)

Tesla Stock Jumps as German Investigators Clear Model S – But Questions Remain

Will stock rebound continue as NHTSA continues to probe fires?

by on Dec.04, 2013

Investors seem to be ready to overlook the issues surrounding the Model S, but NHTSA is definitely not.

Investors appeared to be willing to overlook the recent Tesla Model S fires yesterday, pushing the company’s stock to its biggest one-day gain in four months; conversely, the National Highway Traffic Safety Administration (NHTSA) is taking time to really examine the incidents and the safety of the Model S.

Tesla’s stock jumped 16.5% yesterday on a couple of pieces of good news. First, the German Federal Motor Transport Authority – Germany’s version of NHTSA – basically cleared Tesla of any culpability in the three incidents where the Model S caught on fire: two in the United States and one in Mexico.

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“No manufacturer-related defects could be found,” according to a letter outlining the findings from the German agency, which was provided by Palo Alto, Calif.-based Tesla. “Therefore, no further measures under the German Product Safety Act are deemed necessary.” (more…)

A Musk Meltdown? NHTSA Disputes Tesla Founder’s Claims

Are Tesla’s batteries fatally flawed?

by on Nov.21, 2013

Tesla CEO Elon Musk said the company asked for the National Highway Traffic Safety Administration to open an investigation into the fires plaguing the Model S in recent months. Safety officials have denied that claim.

What’s clear is that the federal government has opened an investigation into the three fires involving Tesla vehicles – and the potential that the Model S battery-electric vehicle suffers from a significant safety design defect. What’s less clear is how that probe got underway after an initial delay.

In a blog posting that came out earlier this week, Tesla CEO and founder Elon Musk declared that his company asked the National Highway Traffic Safety Administration (NHTSA) to launch its probe. But during a tour of the L.A. Auto Show, NHTSA Director David Strickland stressed that was news to him.

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The head of the federal government’s automotive safety arm first noted that during a hearing on Capitol Hill this week, later repeating that the decision to launch the investigation was made “independently,” with no feedback from Tesla or its CEO, despite Musk’s blog claiming the company “requested” a safety probe “as soon as possible into the fire incidents.” (more…)

No Model S Recall, Asserts Tesla CEO Musk

Exec blames "extremely inaccurate" coverage for furor.

by on Nov.12, 2013

Tesla CEO Elon Musk downplays fire risk.

Despite three recalls and a potential investigation by the National Highway Traffic Safety Administration, Tesla Motors founder and CEO Elon Musk insists “there definitely won’t be a recall” of the maker’s Model S battery-electric vehicle.

Speaking at a conference in New York also broadcast on CNBC, Musk decried as “extremely inaccurate and unreasonable” the reaction to reports of fires that have occurred in three Model S sedans since late September. Concerns about the vehicle’s safety, along with a series of negative reports by analysts following Tesla, have led to a sharp plunge in the maker’s once high-flying stock.

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Musk was responding to growing concerns about a recall meant to address the possibility that the underbelly of the Model S might not be protected enough to prevent damage to the vehicle’s battery pack from road debris – blamed for both the first and third Tesla fires. On Monday, Jonathan Geller, tech editor for outlet BGR, had tweeted that a recall was under consideration.

(more…)

Tesla’s Musk Believes Company will Double Model S Production

Supplier upgrades, China and Europe sales make 40,000 units possible.

by on Aug.12, 2013

Tesla's Elon Musk told investors that the company can double Model S production while continuing to ready the Model X.

Elon Musk, Tesla’s billionaire chief executive, is confident about the company’s ability to double production of the Model S next year even as it prepares to launch its new Model X electric vehicle.

Musk told analysts during a conference call after the company showed what was on paper a loss of $30.5 million, which after the adjustments were taken off the books was actually a $26.3 million profit, that he was confident the company could ramp up Model S production even as it is stepping up work on its next introduction: the Model X.

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Tesla is also making substantial improvement in its supply chain, which will also help the company meet its ambitious production targets, Musk said during a conference call with analysts. (more…)

Tesla’s Musk Defends Company-owned Stores

EV maker says owning its stores is fundamental to its business.

by on Oct.23, 2012

Tesla CEO Elon Musk says the traditional franchise model doesn't work for the EV maker.

Tesla CEO Elon Musk defended the automaker’s controversial strategy to establish company-owned stores rather than franchises used by other car companies.

Dealers in Massachusetts and New York sued Tesla last week, claiming the company-owned stores violate franchising laws.

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Writing in a blog post on the company’s website, Musk said franchising laws were not established to stop automakers from establishing their own stores.

Musk expressed confidence that Tesla will prevail in the lawsuits.

(more…)