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Tesla Model X to outsell Model S, 'devour' premium SUV market

It's still about a year away, but the arrival of the Tesla Model X is already expected to have a major impact on the premium SUV market. According to Morgan Stanley, the all-electric Model X, Tesla's third model following the Roadster and Model S sedan, is "ready to feast" on the current crop of high-end SUVs.
Not only does Morgan Stanley expect the Model X to do well against other vehicles in its class, it's expecting the new SUV to even outpace the critically acclaimed Model S, with the X accounting for a larger share of sales by the end of 2016. The sales boost provided by the Model X should also contribute to a healthy jump in Tesla's current $250 stock price. MS is expecting Tesla shares to hit about $320, and has called it a "top pick in US autos," according to The Los Angeles Times.
As for how Morgan Stanley is expecting such strong results for a car that literally no one outside of Tesla has driven, it cites Elon Musk's company's increased access to both money and technological expertise relative to the Model S project. The firm also points to Tesla's larger investments in the Model X project so far.

Tesla launches Model S in UK, says Euro factory could be upcoming [w/video]

With the first UK deliveries of the 49,900-pound (about $84,000 at today's rates) Tesla Model S completed, it's time for the company to get back to business. For CEO Elon Musk that means discussing a long-anticipated rumor - a dedicated European production facility to build the luxurious EVs from the ground up.
Obviously, though, such a hefty investment would need to be worth the company's while, which is why Musk told Automotive News Europe that sales will need to hit 160,000 units before a factory is considered. The company has recorded over 3,400 sales in Europe during the first four months of 2014, which actually surpasses the 2,000 cars sold in the US.
Tesla currently maintains a factory in the Netherlands, although it only installs batteries in cars shipped from Tesla's Fremont, CA facility, rather than building cars from scratch. The factory, in Tilburg, is set to expand, while a new research and development facility is set to open in the UK in 2015 or 2016, according to Musk.

Tesla pulling plug on Toyota RAV4 EV battery deal

The future of the Toyota RAV4 EV appears to be in doubt. Tesla supplies the EVs battery packs, and it says that production ends later this year.
"Toyota is expected to end the current RAV4 EV model this year," Tesla said in its quarterly financial filing obtained by Bloomberg. "Our production activities under this program are expected to end in 2014," the company said.
This timeline fits closely with the original production plans for the RAV4 EV. When the $100-million project was first announced, Tesla said that it expected to supply battery packs for the vehicle from 2012 to 2014. Building components for the Japanese automaker continues to bring in money, though. In the company's Q1 2014 letter to shareholders, it said: "Automotive revenue included $15 million of Toyota powertrain sales." According to Bloomberg, Toyota has sold just 1,594 RAV4 EV models from 2012 through April 2014. Initially, the business had estimated that it would sell 2,600 units of the electrified crossover.