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Posts Tagged ‘tesla model 3’

Long-Skeptical Toyota Reversing Course on EVs

Pressure from China and the U.S.; hydrogen infrastructure “isn’t there.”

by on Nov.07, 2016

Toyota worked with Tesla to develop the RAV4 EV it sold from 2012 to 2014.

Long focused on hydrogen fuel-cell technology, Toyota Motor Co. is reversing course and will now make a push into long-range battery-electric vehicles, according to several sources.

The move would add the Japanese giant to the list of manufacturers looking to market vehicles that get more than 200 miles per charge. A senior source within the company told TheDetroitBureau.com that Toyota will continue to work on hydrogen power, but he acknowledged the necessary “infrastructure isn’t there,” leaving the company no alternative if it hoped to meet stringent new emissions and mileage regulations.

Plug In - For Free!

“China has been pressure Toyota,” the source said, noting that the Asian nation has been aggressively promoting electrification as a way to address its endemic smog problems. U.S. regulators and clean advocates are also calling on Toyota to deliver battery cars, he said, adding, “That’s the big change for us.”

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Fisker Reveals Emotion EV and Possibly Game-Changing Tech Specs

Could ultracapacitor system obsolete battery technology?

by on Nov.01, 2016

The Fisker EMotion could be in production by some time later next year.

If at first you don’t succeed…if you’re Henrik Fisker, it seems, you try and try again.

Best known for the sleek and iconic Aston Martin DB9, Henrik Fisker has attempted to launch two car companies since going out on his own a decade ago, including the ill-fated Fisker Automotive, the Danish designer is about get back into the business with a new pure battery-electric vehicle that could go beyond just being a Tesla-fighter. If the newly released images and specs prove accurate, the Fisker Emotion could rewrite the rules for the zero-emissions segment.

Tech News!

Beyond the car’s sleek design, the real breakthrough appears to be an alternative to the lithium-ion batteries used in most of today’s battery-based vehicles. Instead, the Emotion will use an ultracapacitor to store enough energy, the start-up claims, to run a “theoretical” 400 miles per charge.

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More Trouble for Tesla: Consumer Reports Trashes Reliability

Model X rated “sixth least reliable vehicle” in latest owner study.

by on Oct.25, 2016

Tesla's Model X has had a series of major quality problems, especially with the falcon doors.

Already facing growing concerns about quality issues with its newest electric vehicle, the Model X SUV, Tesla Motors was hammered by influential Consumer Reports magazine this week, the non-profit publication ranking the California carmaker 25th of 29 brands in its annual automotive reliability study.

It wasn’t all bad news. After faring poorly in the 2015 auto survey, CR said the Tesla Model S actually had “improved reliability.” But the newer Model X “has a long way to go,” with a variety of issues including balky falcon wing doors, locks, latches and other systems.

Brand News!

The Model X is “the sixth least reliable vehicle in our survey, and there are some monumental challenges with that vehicle,” Jake Fisher, Consumer Reports’ director of automotive testing, said during an appearance before the Detroit Automotive Press Association. “It’s unclear,” he added, “whether they will get the ‘falcon wing’ doors right ever.”

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Tesla Warns of Slow Model 3 Deliveries.

Bad news for Tesla could be good news for Chevrolet’s new Bolt.

by on Oct.19, 2016

Tesla still hopes to have the first Model 3 sedans in production during the 2nd half of 2017.

Looking to buy one of Tesla’s new Model 3 battery-cars? You can look for a long wait.

Those who put in an early reservation for the carmaker’s first mainstream model might yet get a Model 3 delivered before the end of next year, Tesla now says more recent orders won’t be fulfilled until 2018. And some analysts questions whether the company will even meet that goal, considering its history of missing targets with new products.

Stay Plugged In!

That could be good news for Chevrolet, however. The Detroit maker expects to start delivering the first of its own affordable, long-range electric vehicles before year-end, and battery supplier LG Chem said this week that it believes there will be demand for as many as 30,000 Chevy Bolt EVs in 2017.

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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.

News Now!

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…)

Fisker Launching All-New Battery-Car Company

Breakthrough battery promised; range could top 400 miles.

by on Oct.04, 2016

Henrik Fisker shown in Geneva before his earlier company, Fisker Automotive, collapsed.

If at first you don’t succeed…

If you’re Henrik Fisker, it seems, the next step is to start yet another car company. Three years after the collapse and bankruptcy of his original effort, Fisker Automotive, the Danish designer is back in business. The new Fisker, Inc. plans to launch a new line of long-range electric vehicles that will rival the likes of upstart Tesla Motors, as well as the more mainstream manufacturers now pushing into the battery-car business.

While specific details are limited, Fisker said the company is targeting a minimum range of 400 miles per charges, something that would allow a driver to go even further without interruption than with all but a handful of gasoline or diesel-powered vehicles.

Tech News!

“This is really the revival of the original Fisker, though it will be a completely new company,” the 53-year-old automotive veteran told TheDetroitBureau.com in an exclusive interview.

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Chevy Prices New Bolt EV at $37,495, Under $30k After Tax Credits

Maker beats Tesla Model 3 on range and availability.

by on Sep.20, 2016

Chevy says its 2017 Bolt EV will come in at $37,495 or just under $30k with government tax credits.

Chevrolet released the price on its new Bolt electric vehicle, coming in under the $37,500 before tax incentives executives had been suggesting for months: by $5. The new EV costs $37,495.

After the aforementioned government sweeteners, the Bolt will cost $29,995, according to Chevy officials. The new battery-powered car is the first to market for less than $30k with the ability to travel more than 200 miles on a single charge.

Product News!

The new Bolt will go 238 miles, which means it tops its chief competition in two ways: distance and availability. (more…)

Tesla Gigafactory Delay Complicating Tesla’s Worsening Financial Woes

Maker likely to blow through at least a third of its cash.

by on Aug.09, 2016

Tesla CEO Elon Musk.

Barely two weeks after Tesla Motors CEO Elon Musk led a tour of the company’s new Gigafactory, it turns out that battery plant is running both late and likely over budget – something that is expected to worsen an already troublesome financial situation for the battery-carmaker.

Intended to be the world’s largest lithium-ion plant, the Gigafactory is already set to begin partial operation, and Musk last week boasted of plans to eventually boost output far beyond the original plans. But Tesla now says it spent nearly $120 million to prep the facility during the first half of the year with costs for all of 2016 expected to balloon to $520 million.

Perspective!

That’s one reason the carmaker’s cash reserves are fast on the decline. In fact, Tesla said it will have to lay out $1.1 billion, or about a third of its cash, during just the third quarter of this year. And with plenty of work left both on the Gigafactory and on the development of the Model 3 sedan, the financial pressures on the company are expected to grow more severe –especially in light of its unexpectedly sharp second-quarter loss.

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Tesla Losses Mount as Sales Fall Short

CEO Musk insists production getting back on track.

by on Aug.03, 2016

Tesla CEO Musk with an image of the troublesome Model X which missed production targets.

Burdened by a slower-than-expected roll-out of its Model X sedan, with sales overall falling short, Tesla Motors delivered an unexpectedly deep loss for the second quarter of the year.

The automaker, which has been using its own accounting procedures, said it lost $293 million, or $2.09 a share, for the April to June quarter. Excluding special one-time items, the loss narrowed to $150 million, or $1.06 a share. But that was still well below Wall Street’s expectations, analysts predicting the maker would lose $0.65 a share.

Your Auto Insider!

The maker tried to put a positive spin on the weak performance by looking forward. “Production and demand are on track to support deliveries of approximately 50,000 Model S and Model X vehicles during the second half of 2016,” CEO Elon Musk and CFO Jason Wheeler said in a joint statement announcing the earnings.

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Tesla to Complete SolarCity Takeover Despite Concerns

All-stock deal worth $2.6 bil, but critics cite conflicts of interest.

by on Aug.01, 2016

A series of SolarCity solar panel installations.

Despite concerns about potential conflicts of interest, Tesla Motors said Monday morning that it would complete its takeover of the solar power company SolarCity, a move it believes will lead to numerous synergies in its broader green energy strategy.

Tesla CEO Elon Musk said the all-stock, $2.6 billion deal will almost immediately result in $150 million in cost-savings, describing the deal as a “no-brainer” that “we should have done sooner.” But reaction has been skeptical since the proposed takeover was announced more than a month ago.

Power Up!

Together, Tesla and SolarCity “expect to save customers money by lowering hardware costs, reducing installation costs, improving our manufacturing efficiency and reducing our customer acquisition costs,” Tesla said in a statement.

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