2018 Tesla Model X 75d Awd Suv W/enhanced Autopilot on 2040-cars

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Recharge Wrap-up: Chevy Volt class action suit proposed, Tesla stock could outperform in 2015

A class action suit has been proposed against General Motors for a steering problem in the Chevrolet Volt. The plaintiffs claim that a defect can cause the steering to freeze intermittently, and that General Motors either knows or should have known about the problem. The case, filed in New Jersey, also claims that defective parts are replaced with the same or similar parts, which are also defective. The plaintiffs say that claims for the 100-plus-member class exceed $5 million. Read more at Law360 or at BigClassAction. Tesla Motors stock (TSLA) has risen after weeks of losses. It gained 5.4 percent during the week ending December 19, when it closed at $219.29 per share. Since then, it rose slightly more, closing at $222.26 on December 24. Morgan Stanley lowered its target price on Tesla stock from $320 to $290, predicting lower sales on the upcoming Model III than expected before, but still called Tesla a good long-term investment. Analysts at CNBC predicted Tesla to be the best performing stock of 2015. Read more at ETF Daily News. Oslo- and New York-based architecture firm Snohetta has designed a zero-emissions house that also charges an electric car. The ZEB Pilot House, built in Larvik, Norway, uses a solar panel on the roof to power the house, which also provides enough excess energy to charge an EV. To make the most of energy most efficiently, the house uses smart technology to use as much energy as it can once it's harvested. This means one can turn on appliances like the washing machine remotely while the sun is at the optimum angle in the sky - perhaps during mid-day when the residents are at work. The house also uses organic materials and is designed to save as much energy as possible. Read more at Wired.

Why is Tesla getting more and more secretive?

Tesla's unorthodox vision and the even more unorthodox means it is using to achieve that vision have made it what it is: a tiny company with an overachieving product and an oversized stock valuation and voice in the global EV discussion. However, one of its unorthodox practices has been giving investors pause for a year now: not divulging information in its quarterly reports that could be taken as adverse developments. An article in Seeking Alpha called "The Incredible Shrinking Tesla Disclosure" lays out the timelines and details to support one analyst's suspicions for why Tesla will no longer say how many reservations it has, how many cars it's building, and where those cars are going. The company has never reported sales by month, not in the US or any other market. However, for more than two years it provided the number of reservations it had, but stopped that practice in Q1 of 2013 after it revamped its reservation process to allow prospective buyers to customize a Model S in three steps and place a non-binding order, rather than place their names on a list. The change meant, to Tesla, that the new reservations numbers wouldn't accurately correspond to the previous numbers, so they disappeared to be replaced by general numbers preceded by phrases like "were over" or "up from about." Yet Tesla still calls that three-stop process "a reservation" and continues to give them general numbers, and those numbers have gone down. Analysts take that as one instance of Tesla going dark when a metric heads down. Then, again after years of doing so, the company stopped reporting deliveries by market. Instead of investors and analysts getting a breakout of how many cars went to each market - the US, Europe, the Asia-Pacific - Tesla only provided a global delivery number, which Tesla says is how many cars were delivered to customers. Observers, having tried to parse the numbers and detected a downturn in US sales, and knowing China is missing its targets, said this was the second instance of Tesla getting quiet about numbers it didn't like. The third instance is production numbers, which didn't make an appearance in the Q3 report of 2014. Tesla used to say how many cars it had built in the quarter, but in its last report it said instead that production was affected by a two-week shutdown to retool its factory in Fremont, California, and it wouldn't predict production for the coming quarter, either - something else it formerly did.

Tesla Model X delayed, again, but Musk says Model S demand remains high

Tesla CEO Elon Musk made one thing clear today as he announced his company's third-quarter sales figures: the company has more than enough demand for its luxury electric vehicles and its main problem is getting production ramped up. In fact, Tesla expects Model S orders and deliveries to increase by 50 percent next year. Buried in the good news, though, was word that the upcoming SUV version, the Model X, is going to be delayed. Again. That the Model X isn't exactly on schedule is not news. There have been delays talked about before. The original release date was 2013 which became late 2014 and then early 2015. The company is certainly getting ready for the X but now says it wants to deliver an all-electric SUVs that offers a good experience to buyers, without any problems. In a year plagued with a record number of recalls in the automotive industry, this is not a surprising stance to take. In the shareholder letter (available in the gallery below), Musk writes: In anticipation of this effort, we now expect Model X deliveries to start in Q3 of 2015, a few months later than previously expected. This also is a legitimate criticism of Tesla – we prefer to forgo revenue, rather than bring a product to market that does not delight customers. Doing so negatively affects the short term, but positively affects the long term. Back to the good news. This is where Musk has some strong numbers to point to, including Tesla's highest ever quarterly deliveries of the Model S – 7,785 vehicles – and the most deliveries in a single day – 907. The company also said that the new tech announced a few weeks ago, the dual motor option and the autopilot capabilities, have "further accelerate[d] Model S demand." To meet this demand, Tesla is expanding its production capability so it can make "more than 2,000 vehicles per week by the end of 2015." Of course, if Tesla wanted to be a bit more transparent about global demand and US sales and deliveries in particular, it could simply announce monthly sales numbers, just like the major OEMs do, But, when asked if Tesla would consider releasing those numbers on a call with investors today, Musk's reply was short and sweet: "Um, no. Sorry."