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Posts Tagged ‘tesla model 3’

Tesla Model 3 Taking the Slow(er) Road

First specs, including performance, appear online.

by on May.30, 2017

A Tesla handout shows a pre-production Model 3.

For many owners, one of the most appealing features of the Tesla Model S is its neck-snapping acceleration – with the optional Ludicrous Mode the sedan capable of launching from 0 to 60 in around 2.8 seconds.

While the new Tesla Model 3 will nearly match the range of some versions of the bigger sedan, don’t expect to see it come close when it comes to performance. What appear to be official Tesla figures indicate the new battery-electric vehicle, or BEV, will need about 5.6 seconds to nudge 60. That’s faster than the rival Chevrolet Bolt EV, but just barely, and more in line with what some comparably-sized gas-powered vehicles can deliver.

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Early EVs were battery-powered stone ponies, barely able to get out of their own way, the little Mitsubishi MiEV, for example, needing a full 13 seconds to get to 60. That’s a key reason, industry analysts suggest, that demand for those first-generation electrics was so poor. By boosting range and performance, however, buyers finally to be sitting up and taking notice.

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Musk Predicts Tesla Will Build 100K Model S, X in 2017

As financial losses grow, production and revenues climb faster.

by on May.04, 2017

Tesla CEO Elon Musk told analysts and reporters that the company will build more than 100,000 Model S and X units this year.

Tesla Motors’ losses increased by 40% during the first quarter, but Elon Musk, the company’s founder and CEO, hailed the fact that sales, revenue and production growth outpaced those losses: production was up by about 65% from last year’s first quarter to 25,000 vehicles and revenue doubled to $2.7 billion.

The Silicon Valley battery-carmaker reported a loss of $1.33 a share, significantly worse than the 81 to 83-cent loss various tracking firms had Wall Street trackers predicting. The company has turned a quarterly profit – using non-standard accounting – only twice since it went public.

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While Musk was quick to point out what is going right, it didn’t necessarily sway the investor community, which he has come to rely on in recent months. (more…)

Tesla Reports Bigger 1Q Loss Than Expected

But production hits record; revenues beat forecast.

by on May.03, 2017

Investors continue to drive up Tesla shares, betting on the success of the upcoming Model 3.

Despite record production and deliveries – and a surging stock price – Tesla managed to disappoint on Wednesday by reporting a bigger loss than analysts had been forecasting – though revenues for the first quarter of 2017 did manage to beat expectations.

The Silicon Valley battery-carmaker reported a loss of $1.33 a share, significantly worse than the 81 to 83-cent loss various tracking firms had Wall Street trackers predicting. The company has turned a quarterly profit – using non-standard accounting – only twice since it went public.

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The news wasn’t entirely disappointing. Tesla’s revenues for the January-through-March quarter came in at $2.70 billion, about $90 million above expectations. Production, the company said, was up by 64%, year-over-year. And Tesla previously had reported that it delivered 25,051 vehicles during the quarter, an all-time record, with a target of 50,000 battery-cars for the first half.

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Tesla Doubling Up Number of Superchargers

EV maker planning to have 10,000 chargers by end of 2018.

by on Apr.24, 2017

Tesla says this is going to become a more common sight in 2017 as it plans to build another 5,000 Supercharging stations.

Tesla’s all charged up about the pending introduction of the Model 3 later this summer and to prove it, apparently, they’re making sure that more Tesla owners than ever will be able to charge up while driving America’s highways and byways.

The EV maker has more than 5,400 Supercharger stations worldwide and plans to nearly double that to 10,000 units by the end of 2017. In North America, the company pledged to increase the number of super chargers by 150%, including adding 1,00 0 Superchargers in California.

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“As Tesla prepares for our first mass-market vehicle and continues to increase our Model S and Model X fleet, we’re making charging an even greater priority,” the company noted in its corporate blog. (more…)

Tesla Sets Q1 Production, Sales Records

Despite analysts' caution, investors continuing driving up shares.

by on Apr.03, 2017

Tesla has been launching non-traditional showrooms and displays, like this one at a Nordstrom's.

Tesla got a jump on the rest of the auto industry, reporting late Sunday that it set new production and delivery records for the first quarter of the year.

That comes as particular good news for the Silicon Valley manufacturer of electric vehicles, Tesla stretching its finances as it prepares for the launch of the all-new Model 3 sedan later this year. Sales had slumped during the final quarter of 2017 due to a mix of production snags, including the shift to a new version of the maker’s Autopilot system.

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Tesla was forced to return to Wall Street late in the January-March quarter, raising about $1.4 billion in a new stock offering. Investors responded positively, despite CEO Elon Musk’s warning that the maker’s finances were “getting very close to the edge.”

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Tesla Rooftop Solar Cells Well Be Ready for Your Garage Well Before Model Y

Roof tiles to debut in April; battery crossover still “a few years away.”

by on Mar.27, 2017

CEO Elon Musk with a model house with a Tesla car, battery-backup system and solar tiles.

Tesla CEO Elon Musk now confirms long-standing rumors there will be an SUV companion to the new Model 3 sedan, but don’t expect to place an order anytime soon, he cautioned in a series of tweets.

The battery-ute will come well after Tesla begins taking orders for a new line of solar roof shingles. A product of the recent acquisition of SolarCity, those power-generating tiles will be part of what Musk envisions to be a range of green energy technologies in the Tesla catalog, including solar cells, electric vehicles and home and office battery backup systems.

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“There will be a Model 3 and a Model Y,” Musk told a Twitter follower, adding in a separate tweet that the crossover model will be “a few years away.”

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Will the Tesla Model 3 Be the Safest Car Ever?

New battery-sedan could prevent 90% of accidents, says analyst.

by on Mar.24, 2017

Tesla promises to launch Model 3 production in July, with retail sales following later in 2017,

Tesla has promised that its upcoming Model 3 will be loaded with a variety of high-tech features, including the latest version of the maker’s semi-autonomous Autopilot system. And now, automotive analysts from Morgan Stanley are predicting the sedan will be the safest car ever made.

With “a supercomputer in every car,” they estimate in a new report that the new Model 3 will be 10 times safer than existing vehicles – or 90% less likely to be the cause of either vehicle-to-vehicle or vehicle-to-pedestrian fatal crashes. But that actually could disrupt both the conventional new and used car markets, Morgan Stanley is forecasting.

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“Look for an acceleration of the market’s awareness of the obsolescence of used cars and an acceleration of insurance company awareness to reprice premiums,” the report suggests.

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Despite Ongoing Quality Issues, Tesla Owners Bond with Their Cars

“Owners see themselves as pioneers.”

by on Mar.21, 2017

Despite endemic quality problems, Power finds strong emotional attachment to Tesla products.

Tesla owners could be accused of having a love/hate relationship with their vehicles. The maker’s Models S and X have repeatedly been slammed for serious quality issues, yet owners retain a strong emotional bond to those battery-electric vehicles, according to a new study by J.D. Power and Associates.

But the question is whether those buying the next generation of Tesla products, starting with the Model 3 sedan set to go into production in July, will be nearly as forgiving. Moving into the mainstream carries significant risks, according to various analysts.

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“Tesla owners see themselves as pioneers who enjoy being early adopters of new technology,” said Kathleen Rizk, director of global automotive consulting at J.D. Power. “Spending $100,000 or more on a vehicle that has so many problems usually would have a dramatically negative effect on sales and brand perception. Right now, though, Tesla seems immune from such disenchanted customers.”

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Tesla Drops Base Models S 60 and 60D

Customers willing to pay for better range.

by on Mar.20, 2017

The low end of the Model S range failed to attract much interest from buyers.

Tesla hoped to win over buyers on a budget by introducing two more affordable versions of the Model S a year ago, but both the 60 and 60D battery sedans are being pulled from the line-up next month, according to the Silicon Valley automaker.

Turns out buyers are willing to come up with the extra cash to get the extra range offered by two slightly more expensive versions of the Model S, the 75 and 75D, Tesla has discovered. They offer a minimum EPA rating of 265 miles per charge.

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That fits with the general direction of the battery-car market, according to several industry analysts and insiders who spoke to TheDetroitBureau.com. Demand for shorter-range electric vehicles is largely flat-lining, while there’s growing interest in vehicles that can deliver at least 200 miles per charge.

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Wall Street Throws Tesla a Lifeline

Stock offering does better than expected.

by on Mar.17, 2017

Tesla needed cash to ensure the Model 3 launch.

Despite growing concerns among industry analysts, investors haven’t given up on Tesla. Anything but.

Wall Street came up with another $1.2 billion in capital for the Silicon Valley battery-carmaker this week as it went back for an infusion aimed at helping complete development of the critical new Model 3 SUV set to go into production in July. And it’s possible the figure could climb to $1.4 billion.

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The latest stock offering went off barely a year after Tesla’s previous turn to the market, and was meant to “reduce any risks associated with the rapid scaling of (our) business due to the launch of Model 3, as well as for general corporate purposes,” the company said. It also came just weeks after Tesla CEO Elon Musk warned that the maker’s finances were “getting very close to the edge.”

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