2023 Tesla Model Y Fsd Long Range on 2040-cars

Auto blog

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."

Recharge Wrap-up: Tesla Electric Road Trip, Google autonomous cars vs. cyclists

Tesla is inviting owners on "Electric Road Trip" events on four continents. To celebrate the 2.5 billion electric miles Tesla owners have logged, the automaker is hosting a series of open house events at Destination Charger locations (think hotels and resorts) in various cities across North America, Australia, Asia, and Europe. Attendees will "have the opportunity to swap stories and share your favorite road trip experiences with fellow Tesla owners and like-minded fans," according to Tesla, as well as enjoy local food and drinks. Owners have received email invitations to the series of events, but those interested can also RSVP online. Learn more about the events at Tesla's website, and read more at Teslarati. Google has published its most recent autonomous vehicle testing results, this time with regard to sharing the road with cyclists. The system is programmed to predict when a cyclist will swerve around an open car door, leave room for cyclists during passing and other situations, recognize and remember cyclist had signals, and recognize a variety of bike styles – even unicycles. The report also lists two minor collisions with other vehicles in June, both occurring in Austin, Texas. In one instance, another car swerved into the Google car's lane. In the other, the Google car was rear-ended. Read more at Green Car Congress. Hyundai is expanding its fuel cell program in partnership with the Department of Energy (DOE) beyond Southern California. For the second phase of the fuel cell confirmation program, Hyundai will provide the DOE with a number of its Tucson Fuel Cell crossovers for daily use in Northern California, Washington, D.C., Denver, and Michigan. The partners are looking to expand the use of fuel cell vehicles to the rest of the country in the near future. Read more in the press release below. Hyundai And U.S. Department Of Energy Extend Fuel Cell Vehicle Loan Partnership In Concert With New D.C.-Based Hydrogen Fueling Station Latest, Phase II of current program prepares for rollout of fuel cell vehicles nationwide in near future WASHINGTON, July 11, 2016 /PRNewswire/ -- Hyundai and the U.S. Department of Energy (DOE) are extending their fuel cell vehicle confirmation program, originally from 2013 through 2015, to its second phase, from 2016 through 2017. The program involves Hyundai providing a number of Tucson Fuel Cell CUVs for daily use and confirmation by the DOE using existing hydrogen infrastructure.

Wall Street loves Tesla's Elon Musk, values the brand higher than Fiat

Tesla's value on the stock market far exceeds the number of vehicles it contributes to the automotive market. According to a report from Automotive News, Tesla is currently valued at $8.8 billion. Almost unbelievably, though we've never claimed to have a firm grasp on the inner workings of the stock market, that's a full billion dollars more valuable than Fiat and three times more valuable than PSA Peugeot Citroën, says the report.
How unfathomable is that statistic? Consider the fact that Tesla, a ten-year-old company, just managed to turn its very first profit last quarter and has produced fewer than 10,000 vehicles in its lifetime. How does that compare to an automotive giant like Fiat? Well... it doesn't - The brand sold 44,772 Fiat 500s in the United States alone in 2012, and it owns or controls the Chrysler portfolio of brands along with Ferrari and Maserati... not to mention the hundreds of thousands of cars Fiat Group sells yearly in the rest of the world.
Granted, the number of vehicles sold by a brand is just a small portion of its value, but you may still wonder, Why is such a seemingly small player in the global automotive marketplace such a big deal on Wall Street? According to AN, it has a lot to do with its controversial and headline-grabbing CEO, Elon Musk, and the way he disseminates company information to his investors. How so? We suggest you take a good look at the article here for the whole story.