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Posts Tagged ‘tesla model 3’

Tesla Factory a “Predator Zone,” Claims Female Former Employee”

A.J. Vandermeyden opens up on allegations, lawsuit.

by on Jul.10, 2017

Former Tesla employee AJ Vandermeyden has sued over alleged sexual harassment at the Fremont plant. Photo courtesy The Guardian.

Adding to the list of problems facing Tesla Motors, the automaker is battling a lawsuit filed by former employee A.J. Vandermeyden, who accuses the automaker of tolerating a culture of “pervasive harassment” at its assembly plant in Fremont, California.

That’s the same factory that, just last Friday, produced the first of the automaker’s eagerly awaited Model 3 battery-sedans – and the same factory where a recent report noted Tesla had been experiencing significantly higher injury rates than at assembly plants producing far more vehicles.

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In a report by the Guardian newspaper, the 33-year-old Vandermeyden opened up about why she was suing Tesla for sexual harassment after being fired from her job in Fremont. The paper outlined conditions that many employees described during a Tesla town hall meeting earlier this year as a “predator zone,” where, they charged, female workers were open targets for male bosses.

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It’s Official: 1st Tesla Model 3 Rolls Off the Line

Pricing still TBD.

by on Jul.10, 2017

The first saleable Tesla Model 3 poses in front of the company's Fremont, CA plant.

Twitter-savvy Tesla CEO Elon Musk has posted a picture of what appears to be the first “saleable” Model 3 sedan to roll off the battery-carmaker’s Fremont, California assembly line, a critical step in Tesla’s push to become a truly mainstream manufacturer.

But the company appears to have pushed back on its promise to start taking official orders for the new Tesla Model 3 on Friday and still has not given a clear sense of pricing for the compact battery-electric vehicle. A visit to the Tesla website only reveals the same information that had been up there for some time, among other things noting a “starting price” of $35,000.

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Tesla has a lot riding on the Model 3 launch. Though there are plenty of skeptics, Musk has outlined a plan that would take the company’s production to 500,000 vehicles in 2018 – a sixfold increase from 2016 – and Model 3 would account for about 80% of that total.

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A Good Week Gone Bad for Tesla

Update: GM overtakes Tesla as EV maker's stock collapses.

by on Jul.06, 2017

Tesla hoped for a big boost by announcing the production launch of the new Model 3.

(This story has been updated to reflect the continuing plunge in Tesla stock on Wednesday.)

What started out as a week full of fireworks for Tesla may be turning into a dud.

The automaker’s high-flying stock suddenly has taken a nosedive since traders returned from the long Fourth of July holiday, falling 7% on Wednesday and, by midday Thursday dipping nearly another 5 percent. At around $310 per share by mid-afternoon, TSLA was not only off sharply from the record $383.45 set on June 23rd, but with a market capitalization of just under $51 billion. the value of Tesla had slipped behind that of General Motors for the first time in nearly three months.

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That’s clearly not what CEO Elon Musk had in mind when he tweeted on Sunday that Tesla was planning to start production of the eagerly awaited Model 3 on Friday. That’s the same day, he added, that Tesla would formally begin taking orders for the vehicle that is expected to transform the carmaker from a niche to mainstream player.

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Tesla Set to Launch Sales, Production of Model 3

Critical test for battery-carmaker set to get underway.

by on Jul.03, 2017

Tesla could hit its mark for the first time by rolling out the first saleable Model 3 this week.

The biggest test Tesla has ever faced is about to get underway, CEO Elon Musk announcing plans to roll the first saleable Model 3 off the line on Friday, the same day customers will be able to place official orders for the new battery-electric vehicle.

The Model 3 will be Tesla’s first entry into the mainstream electric market, with its $35,000 base price running roughly half that of the company’s current Models S and X offerings. Tesla has reported taking over 300,000 advanced registrations for the vehicle, each with $1,000 deposits, but one key question is how many of those will translate into actual orders.

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The other question is how quickly Tesla will be able to meet demand. In a Sunday evening tweet, Musk said he expects that “Production grows grows exponentially, so Aug should be 100 cars and Sept above 1,500. Looks like we can reach 20,000 Model 3 cars per month in Dec.”

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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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