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Posts Tagged ‘tesla model 3’

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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Tesla Hopes to Charge Up with $1B Stock Offering

Wall Street growing increasingly jittery ahead of Model 3 launch.

by on Mar.16, 2017

Tesla CEO Elon Musk plans to buy the first $25 million worth of shares from the company's new $1B offering.

Running out of juice just as it prepares for the most important product launch in its short history, Tesla is once again going to the well, hoping to raise $1 billion through a new stock offering.

The announcement comes just weeks after founder and CEO Elon Musk revealed a dim fourth-quarter earnings report and warned that the battery-carmaker was “getting very close to the edge” in terms of its cash reserves.

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The latest stock offering, which comes less than a year after Tesla’s previous turn to the market, is 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. (more…)

Tesla Will Now Charge to Supercharge

Maker also announced purchase of German engineering firm to help boost production capacity.

by on Nov.08, 2016

A Tesla Supercharger station in Hawthorn, CA.

There’s no such thing as a free lunch – or free energy, it seems. Tesla Motors plans to stop offering unlimited use of its cross-continent network of high-speed Superchargers to anyone who buys one of its vehicles after January 1, 2017.

The system, which currently includes 734 chargers worldwide, most in the U.S. and Canada, allows motorists to travel long distances without range anxiety. Until now, they have been open to any Tesla owner at no charge. The battery-carmaker hasn’t said what it will now charge new buyers but claims it will “cost less than the price of filling up a comparable gas car.”

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Tesla had already signaled it would not include free charging for buyers of the Model 3, which is expected to go into production during the second half of 2017. The company says it now has more than 300,000 advance registrations on the books. And to help ensure it meets the aggressive production ramp-up outlined by CEO Elon Musk last March, Tesla is now buying Grohmann Engineering, a German firm that develops automated manufacturing systems for batteries.

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Chevrolet Gets a Jump as Bolt Production Begins

Sales set to begin before year-end.

by on Nov.07, 2016

A prototype Chevrolet Bolt rolls down the line at the GM plant in Orion Township, Michigan.

The line is moving at a snail’s pace, but production of the Chevrolet Bolt is finally ramping up at the General Motors assembly plant in the Detroit suburb of Orion Township, with the first of the new, long-range battery-electric vehicles, or BEVs, set to go on sale before the end of the year.

Parent General Motors is hoping that it can steal a march on a variety of competitors, notably Tesla Motors, who hope to get their own long-range electric vehicles into showrooms over the next several years. With regulators in the U.S., Europe, Japan and China pushing the industry to expand sales of zero-emissions vehicles, the Bolt could provide the first real test of a vehicle designed to overcome so-called range anxiety.

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But whether motorists will take to the $37,495 Chevy Bolt – or any of the other, more mainstream BEVs to follow is far from certain. Fully electric models have accounted for just 0.4% of the U.S. market so far this year. Adding in plug-ins and conventional hybrids, battery-based vehicles still only make up a miniscule 2.5%.

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