Archive for the ‘Tesla’ Category

Musk Gets Preliminary Approval for Testing Tunnel in L.A.

Los Angelse City Council must provide a final approval.

by on Apr.20, 2018

Elon Musk's Boring Co. got preliminary approval for a proof of concept tunnel under Los Angeles.

The City of Los Angeles has approved Elon Musk to be more boring, er, to do more boring of tunnels that is.

Actually, Los Angeles City Council’s public works committee approved an environmental review exemption for a tunnel that Musk, through his Boring Co., wants to dig to test his underground transportation system.

Pushing the Envelope!

The committee approved the measure noting it was in favor of any idea that could help alleviate the crippling traffic jams that so often plague the city and surrounding areas. The motion now heads to the full City Council for approval. (more…)

Tesla Going Round the Clock on Model 3 Production

EV maker looks to up Model 3 build rate to 6K weekly.

by on Apr.19, 2018

Tesla CEO Elon Musk is looking to make the Fremont, California plant a 24/7 operation to meet a new Model 3 production goal of 6,000 units weekly.

Tesla CEO Elon Musk is borrowing from a famous ‘50s rock ‘n’ roll ditty in order to get Model 3 production levels back on track: they’re going to work around the clock.

Musk ordered a weeklong shut down of the company’s plant in Fremont, California, to resolve once and for all the production bottlenecks the facility was experiencing related to Tesla’s first mass-market vehicle, the Model 3.

Product News!

The company’s founder, who has taken to sleeping on the plant floor regularly, said one of the big problems was the plant was too automated. “Humans are underrated,” he said. (more…)

Walmart Set to Add Super Fast-Chargers in 34 States

Chargers will deliver up to 200 miles in 10 minutes.

by on Apr.19, 2018

The new Walmart chargers will be capable of boosting range by as much as 20 miles a minute.

Walmart, the world’s largest retailer could soon operate one of the nation’s larger vehicle charging networks.

The Arkansas-based company is partnering up with Electrify America to set up 100 fast-charger stations at stores in 34 states by mid-2019. That’s part of 2,000 chargers Electrify America aims to have in place by then at 500 stations across the U.S.

Electrifying!

“Along with providing our customers with an enhanced shopping experience through added convenience, this initiative also allows us to contribute to the expansion of our nation’s EV charging station infrastructure,” said Mark Vanderhelm, Vice President of Energy for Walmart, Inc.

(more…)

Model 3 Production Halt Raises New Worries About Tesla

Automaker wants to “improve automation and systematically address bottlenecks.”

by on Apr.17, 2018

Tesla is shutting down its plant temporarily to resolve production problems that have delayed Model 3 production.

Tesla is temporarily idling its troubled Fremont, California assembly plant for as long as five days, the automaker has confirmed, in order to “improve automation and systematically address bottlenecks.”

The factory, originally built by General Motors, is Tesla’s only automotive manufacturing facility and currently produces the company’s three battery-electric vehicles, the Models S, X and 3. The latter EV is Tesla’s first “affordable,” long-range vehicle and is meant to push the company into the mainstream – and its balance sheet into the black.

Product News!

But the factory has been in what CEO Elon Musk calls “production hell” since the first Model 3 rolled off the line last July, running up unexpected deficits and leading some to question the company’s very survival. (more…)

Despite Problems, Musk Promises Tesla Profit in Second Half of 2018

Stock up, but not everyone convinced.

by on Apr.13, 2018

CEO Elon Musk shown exiting the back seat of a Model 3 at its debut. Musk still needs to dig out of trouble caused by Model 3 delays.

It’s been a tough few weeks for Tesla, the battery-electric automaker again missing production targets, being accused of improperly firing nearly 1,000 factory workers and being scolded by federal safety regulators for its role in investigating a fatal crash involving its semi-autonomous Autopilot system.

But that has done little to dampen the enthusiasm of CEO Elon Musk. After earlier this week suggesting Model 3 production isn’t delayed but in a “time shift,” the South African-born exec on Friday tweeted a promise that Tesla will be both profitable and produce positive cash flow by the second half of this year.

Promises, Promises!

Musk’s latest tweet came in response to a harsh Twitter post by British news magazine The Economist, which warned Tesla would need to raise more cash this year. “The Economist used to be boring,” Musk responded, “but smart with a wicked dry wit. Now it’s just boring (sigh). Tesla will be profitable & cash flow+ in Q3 & Q4, so obv no need to raise money.”

(more…)

Family of Tesla Model X Fatality Hires Law Firm, Plans to Sue

San Franciso-based law firm points to Autopilot as cause of death.

by on Apr.12, 2018

A fatal March crash involving a Tesla Model S in Mountain View, California. Pic courtesy KTVU.

As the investigation into the death of a Model X owner continues, Tesla is taking a familiar stance when it comes to where the fault lies in the collision with a concrete median: the driver.

Walter Huang died in a crash and vehicle fire in a Model X near Mountain View, California, last month. The family hired law firm Minami Tamaki LLP to explore legal options, and the firms said it believes the Autopilot feature in the electric carmaker’s vehicle probably caused his death.

News Now!

Tesla notes that according to its readings from the vehicle, Huang did not follow the procedure for using Autopilot. The company said he went longer than six seconds before touching the steering wheel. The system requires drivers to touch the wheel every five seconds. (more…)

Waiting to Take Delivery of a Tesla Model 3? You May be Caught in a “Time Shift”

Apparently, there are no “delays” in Elon Musk’s dictionary.

by on Apr.12, 2018

Tesla CEO Elon Musk at the Fremont plant.

Last we checked, there were more than 400,000 folks waiting to take delivery of the Tesla Model 3, a potential problem considering the slow ramp-up of production. But even though some potential buyers might now have to wait until 2019 – perhaps beyond – they shouldn’t consider that a delay but simply a “time shift,” according to CEO Elon Musk.

The South African-born entrepreneur famously predicted his company’s Fremont, California assembly plant would go through “production hell” when it launched its first mainstream model last July. And, indeed, it had to largely hand-build them for the rest of the year. Tesla recently released numbers that showed first-quarter production reached 2,000 a week, but even that was 20% below the company’s target. And that’s leading some frustrated shoppers to cancel their advance reservations.

News You Can Trust!

“You’ll definitely get your car,” Musk declared during an interview on CBS on Thursday, suggesting customers shouldn’t think of what’s happening as a delay, but “a six- to nine-month time shift. That’s literally it, and three of those months have already passed.” (more…)

China to “Significantly Lower” Tariffs on Vehicle Imports

Move could help defuse threat of trade war, but unclear how much will change.

by on Apr.10, 2018

Tesla CEO Musk is one of those celebrating China's plans to sharply reduce import auto tariffs.

Foreign automakers have long complained about the hefty tariffs levied on vehicles exported to China, but Chinese President Xi Jinping on Tuesday said his government plans to “significantly lower” duties this year.

The move comes at a time when tensions between the U.S. and China have built to the point where many observers have been fearing the start of a potentially devastating trade war. Just Monday, U.S. President Donald Trump complained in a tweet about “STUPID TRADE” policies that allowed the Chinese to levy a 25% tariff on imported vehicles, compared to the 2.5% duties imposed by the U.S. on most foreign-made vehicles.

More Than Just Headlines!

The Chinese president’s comments leave a lot of questions to be answered before it can be clear what impact the proposed move will have on foreign automakers, but at least one U.S.-based manufacturer is pleased, Tesla CEO Elon Musk quickly tweeting, “This is a very important action by China. Avoiding a trade war will benefit all countries.”

(more…)

Tesla Hit With NLRB Complaint Over Mass Firings

Feds probe controversial firing of nearly 1,000 employees.

by on Apr.05, 2018

Tesla's Fremont plant has faced a series of problems over the last year.

The National Labor Relations Board has filed a formal complaint against Tesla, finding merit to a series of charges involving the company’s treatment of employees over the past months, including claims that union supporters were swept out in a mass firing.

Charges, cited by the NLRB, range from terminating employees in retaliation for engaging in union and/or protected activities to unlawful interrogations of union supporters. Many of the pro-union employees were fired last fall when Tesla dismissed nearly 1,000 employees for what it described as substandard job performance.

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Unplugged?

Tesla has yet to file an answer to the complaint lodged by the NLRB but denied the allegations when the union fielded the charges last autumn. It will have to come up with a response before a trial date now set for June 11.

(more…)

Tesla Dismisses Model 3 Production Shortfall and Investors Appear to Agree

Production accelerating so fast it may soon “exceed even that of Ford and the Model T.”

by on Apr.03, 2018

Tesla's Elon Musk told investors the company will be closing in on higher production numbers for the Model 3.

Tesla on Tuesday confirmed that it again fell short of its production target for the much-delayed Model 3 sedan, though it also promised that the “production rate will climb rapidly” from the 2,000 battery-cars assembled each week in late March to 5,000 by the end of the second quarter.

Delays with the ramp-up of the Model 3, Tesla’s first mainstream offering, have been a nightmare for the California-based carmaker, plunging its first-quarter earnings deeply into the red and raising the specter of having to raise new equity to fund its ongoing operations. But after a sharp plunge in its stock over the past month, investors appear to be taking solace in the latest production figures, Tesla shares surging by more than 3% in late morning trading.

Plug In Now!

Tesla played up the positive in a statement Tuesday, despite missing its production target. It cited “the progress made thus far” as “laying the groundwork” for a strong third quarter. “As a result, Tesla does not require an equity or debt raise this year, apart from standard credit lines.” (more…)

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