Archive for the ‘Tesla’ Category

Las Vegas Ponders Bet on Musk’s High-Speed Tunnel

Mile-long tunnel would ferry riders using high-volume cars.

by on Mar.07, 2019

Instead of cars, the Las Vegas version of Elon Musk's high-speed underground tunnels would use high-volume passenger cars, like a subway or train.

Sin City looks like it’s ready to indulge Elon Musk and his plans to build an underground high-speed transport system to ferry 1 million tourists back and forth across the city, starting January 2021, if approved.

Through the Boring Co., Musk will build the system, which is similar to what he’s proposed for Los Angeles, at a cost of $35 million to $55 million. The plan has already drawn the support of Las Vegas’ tourism agency.

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“It’s really innovative. I think it will be an attraction in and of itself, frankly,” Steve Hill, president and CEO of the Las Vegas Convention and Visitors Authority, told The Associated Press. (more…)

Chinese EV Maker Niro Charged Up for Battery Swapping

Swapping dead for new is faster than recharging.

by on Mar.05, 2019

Chinese EV Maker Nio is swapping batteries instead of plugging them in to "recharge" them.

While most EV makers and battery producers scramble to find a way to reduce battery charging times, Nio – known as China’s Tesla – is taking a different approach by swapping batteries as a way of recharging in the same amount of time it takes to refill a gas tank.

Owners of Nio’s ES6 and ES8 sport-utility vehicles can already access the entirely automated battery swap service it calls “Power Swap. It’s already available in nine cities in China and it’s expected to grow to at least 40 by the end of this year.

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Basically, the driver enters a swap station and waits while an autonomous robot removes a vehicle’s drained battery and replaces it with a fully charged one. (more…)

Tesla Ready to Reveal Model Y, With All-Electric Pickup to Follow

But competition is heating up in both segments.

by on Mar.04, 2019

Tesla CEO Elon Musk said the company will introduce the Model Y later this month.

Tesla will reveal the much-anticipated Model Y battery-SUV during a March 14 event in Los Angeles, with a “futuristic” all-electric pickup to follow later this year, CEO Elon Musk said in a series of tweets on Sunday.

The Model Y will be smaller than the current Model X, Musk confirmed, but larger – and more expensive – than the Model 3 sedan. But Tesla is betting that it could generate even more demand considering the ongoing market shift from passenger cars to light trucks.

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“Model Y, being an SUV, is about 10% bigger than Model 3, so will cost about 10% more & have slightly less range for same battery,” the 47-year-old Musk tweeted. (more…)

Musk Confirms Tesla Won’t be Profitable in Q1

Founder says "a lot going on" during quarter.

by on Mar.01, 2019

CEO Elon Musk said the company will lose money during the first quarter, but be profitable again after that.

Tesla’s tease made the $35,000 Model 3 a reality for the legions of fans who had been waiting for the entry-level model the company’s founder, Elon Musk, promised about two years ago.

And while the announcement sated many who wanted the lowest-priced Model 3, lost in the hubbub was a less promising announcement Musk made later in the call.

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“Given that a lot is happening in Q1, we do not expect to be profitable in the first quarter,” he said during a call with media and analysts. He quickly added that the company expected to return to profitability in the second quarter. (more…)

Tesla Now Selling $35K Model 3; Moving to Online Only Sales

EV maker closing all stores by end of year.

by on Feb.28, 2019

Tesla is now producing the $35,000 version of the Model 3. It can be ordered online – the only way to buy a Tesla now.

As is often the case with Tesla, it’s better late than never as the company announced Thursday its “Standard Range” Model 3 is now available for purchase.

The California-based EV maker had planned for this to be the case from the word go, but it began delivering the higher priced version of the Model 3 – as much as nearly $60K – about a year ago in an attempt to generate more profits for the company.

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“From the beginning, this has been the goal,” Musk said on a press call about the news. “It’s an incredible car.” (more…)

Tesla Boss Musk Teases Big Announcement

What's coming later today? Nobody really knows.

by on Feb.28, 2019

Tesla CEO Elon Musk plans to reveal something new at 2 p.m. Pacific Time today.

Elon Musk is creating more news. Fortunately, this time it won’t – or shouldn’t – involve the U.S. justice system.

Musk changed his name on Twitter to Elon Tusk and announced the company would be making an announcement at 2 p.m. Pacific Time today. He didn’t provide any other details, and has since changed his name back to Elon Musk.

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Naturally this sent followers, analysts and industry observers a buzz with anticipation. One analyst, Adam Jonas of Morgan Stanley decided to take a stab at what he thinks is coming later today on the webcast. (more…)

First Look: Polestar 2 Goes All Electric

Long-range performance EV to serve as “foundation of our brand.”

by on Feb.27, 2019

The Polestar 2, the brand's first fully battery-electric vehicle, made its debut.

In a global webcast, Volvo’s new performance subsidiary pulled the wraps off its second new model, the Polestar 2, a battery-electric vehicle set to become “the foundation of our brand,” according to Polestar CEO Thomas Ingenlath.

Set to compete with the likes of the Tesla Model 3, the new offering will initially be offered in key growth markets for electric vehicles, including North America, China and Europe. The base European model will start at 39,900 euros, or about $45,000 at current exchange rates, with the U.S. “Launch Edition” starting at $63,000 before incentives.

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But Ingenlath noted that Polestar’s goal is to rethink the entire design, manufacturing and sales process, with the company putting an emphasis on all-inclusive subscriptions, rather than conventional retail sales. (more…)

SEC Cites Musk for Contempt

“I do not respect the SEC.”

by on Feb.26, 2019

Tesla's Elon Musk if facing contempt charges over some tweets about the Tesla's production plans.

Tesla CEO Elon Musk’s fondness for tweeting has already caused him serious problems, from lawsuits to the loss of his job as the automaker’s chairman, but he now faces the possibility a federal court could hold him in contempt for violating a settlement reached last year over his claims Tesla was getting ready to go private.

The Securities and Exchange Commission claims Musk violated the $40 million agreement the two sides agreed to last September that led to Musk relinquishing his post as Tesla chairman and agreement to have his planned tweets reviewed by the company before posting them. Regulators say they are worried that, as was the case last year, Musk could be using social media to mislead investors.

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The new allegations come at a challenging time for both Musk and Tesla. The company has now delivered a profit for two consecutive quarters but has warned it faces the prospect of tighter finances for the rest of the year. It is struggling to build sales in China and other overseas markets. And the latest dust-up between Musk and the SEC raises the prospect the South African-born executive could be forced out of his remaining management role. (more…)

Tesla Model S Catches Fire in Florida, Trapped Driver Dies

Driver lost control of vehicle, witnesses claim.

by on Feb.25, 2019

Police investigators examine the scene of a wreck of a Tesla Model S that caught fire, killing the driver who was trapped inside.

Tesla’s biggest controversies lately have been how it will sell Model 3 sedans and if it will remain profitable; however, an old problem resurfaced Sunday — another Model S caught fire, killing the driver, in Davie, Florida.

The 2016 Model S was traveling at a high rate of speed, according to published reports, and the driver lost control sliding across three lanes of traffic before hitting a median and coming to rest after hitting some palm trees. At that point it caught on fire, witnesses reported.

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An officer on the scene attempted to free the driver by breaking the window, but was unable to do so. According to Tesla, when the vehicle’s airbags deploy, the doors unlock, the truck unlocks and the door handles, which retract into the doors, extend. (more…)

First Drive: 2019 Nissan Leaf Plus

The original battery-car back in the game with more power, range.

by on Feb.25, 2019

The 2019 Nissan Leaf Plus gives the brand its first real competitor in the long-range EV arena.

It’s hard to argue against adding more power and range when you’re talking about an electric vehicle, and those are the two most significant updates to the 2019 Nissan Leaf Plus.

The original model, which made its debut nearly a decade ago, was the world’s first mass market battery-electric vehicle, or BEV. It was a revolutionary product at the time, though its relatively limited range and ho-hum performance required a fair amount of sacrifice. That has become all the more obvious as more powerful and longer-range models like the Chevrolet Bolt EV and the Tesla Models S, X and 3 have come to market.

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The Japanese automaker took a half-step forward two years ago, introducing a longer, if not quite long-range, second-generation version of the Leaf. Now, it is set to play in the same league as the Bolt, Model 3 and an assortment of other new BEVs set to roll into U.S. showrooms, the Leaf Plus boosting both range and power by about 50%. The question is whether it also will give much of a boost to Leaf sales. (more…)