Archive for the ‘Tesla’ Category

Tesla Sets Up Leasing Company in China, Adds Two New Directors

Company as Oracle founder Ellison to board of directors.

by on Dec.28, 2018

Tesla Inc. established a leasing operation in China: another step toward growing sales in China.

Tesla Inc. is growing internationally while simultaneously resolving its battle with federal regulators in the United States.

The California-based electric-vehicle maker registered a wholly owned financial leasing company in China, with registered capital of $30 million, according to China’s National Enterprise Information Publicity System.

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The move to open a leasing operation in China falls in line with its plans to begin selling and building its cars in China. The company is seeking contractors to build its $2 billion gigafactory near Shanghai. The company has been moving quickly to establish a hold in China since the government eased local ownership laws for foreign EV makers. (more…)

Elon Musk Unveils His Boring Tunnel

Crowds cheer as first car races through 1.14-mile pilot tunnel at SpaceX HQ.

by on Dec.19, 2018

A Tesla Model X moves through Boring Co.'s pilot tunnel on December 18, 2018.

If Elon Musk hopes to find a way around L.A.’s famously treacherous traffic he still has a long way to go, but the entrepreneur demonstrated what could be one answer Wednesday night by officially opening the Boring Co.’s first test tunnel in the Los Angeles suburb of Hawthorne.

The 1.14-mile route that begins at the headquarters of SpaceX, one of the companies run by Musk, was anything but smooth, one reporter taken along for a demonstration ride complaining of motion sickness. But the pilot tunnel  was simply meant to demonstrate Musk’s belief that “to solve the problem of soul-destroying traffic, roads must go 3D,” according to a post on the Boring Company website.

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Capping what has been a tough year for the 47-year-old entrepreneur, the opening of the first tunnel could provide momentum for Musk’s plan to build similar structures across the country. The City of Chicago has already given the Boring Co. a tentative contract to develop an underground link from the city’s downtown to its busy O’Hare Airport. Other proposed projects could see links between Washington D.C. and its suburbs, even one running all the way from the capital to New York City.

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Hyundai Lifts Page from Smartphone Tech With Fingerprint Key

The car key may soon become a thing of the past.

by on Dec.17, 2018

A driver starts up the new Hyundai Santa Fe simply by using her fingerprint.

If you own a relatively recent smartphone odds are you no longer have to bother remembering a passcode, instead relying on fingerprint or facial recognition. Now, it seems, automakers are starting to move in the same direction.

Hyundai has pulled the wraps off the new Chinese version of the 2019 Santa Fe and, buyers in that market will be offered the ability to equip the SUV with a fingerprint recognition system that can lock or unlock the vehicle while also starting the vehicle. Depending on which of multiple users the vehicle recognizes, it will even set up automatically such things as seat position and sideview mirrors.

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But Hyundai isn’t alone. A number of other automakers are looking at other ways to replace the traditional vehicle key or wireless keyfob with things like wearable bracelets and smartphone apps that an owner can share with friends and family.

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Tesla’s Newest Easter Egg is a Gas … or Gaseous Anyway

Company includes new fart sound in latest update.

by on Dec.17, 2018

Looks like the new Tesla Easter egg is a lot hot air, or at least is sounds like it.

If you’ve ever been in a car on a trip when a smell invades the cabin of your vehicle, then good news: Elon Musk and Tesla have the audio to pair with your olfactory experience: a fart app.

Musk confirmed the company was working on it in a tweet: “Tesla (fart emoji) app almost done. Important to get every note right!” The fart app can be found in the Easter egg drawer of Tesla models that have received the most recent software update.

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To be clear, it’s not a euphemism for something else, instead, yes, it sounds like someone in the car – or the car itself – is passing gas.  (more…)

Could a Pickup Truck be Tesla’s Next Vehicle?

Musk wants to make truck "so bad."

by on Dec.12, 2018

A rendering shows the Tesla pickup bears a striking resemblance to the Tesla Semi.

Tesla’s next vehicle will be the second-generation roadster, right? Oh wait! It’s supposed to be a small sport-utility! Maybe neither of them.

Co-founder Elon Musk has often mentioned his desire to bring out a pickup, but he’s never put a firm date to when it might show up: until now.

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In response to a tweet, Musk yesterday suggested the prototype will be unveiled sometime next year with production plans to follow shortly thereafter. (more…)

Tesla’s Musk Expresses Interest in Closing GM Plants

Exec expresses disdain for SEC, approvals.

by on Dec.10, 2018

Elon Musk expressed interest in buying one of the plants General Motors plans to close in the near future.

Tesla co-founder Elon Musk is ready to play “Let’s Make a Deal” with General Motors — again.

Not, Musk doesn’t want to challenge GM CEO Mary Barra to appear on the television game show, but he did tell reporter Lesley Stahl on the CBS news show 60 Minutes he would be willing to buy one of the plants GM plans to shut down in the near future.

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“It’s possible that we would be interested. If they were going to sell a plant or not use it that we would take it over,” he said during the interview. (more…)

Tesla Hustling to Build New Plant in China

New site will build only Model 3s at launch.

by on Dec.06, 2018

Tesla Inc. has reached an agreement with the Chinese government to build an assembly plant in China.

Tesla’s $2 billion Gigafactory in Shanghai, China, may begin construction sooner than observers expected as the EV maker is accepting bids from companies to build the plant that will theoretically build all of the batteries for the maker in China.

The company is accepting bids from construction companies wanting to build the plant, and in fact, much of the prep work is complete, according to Reuters. The new plant will be noteworthy for two reasons: it’s going to accelerate Tesla’s ability to sell vehicles in the country.

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Perhaps more importantly, it will be the first wholly foreign-owned facility in China — a concession the government made to get more electric vehicles into the country. (more…)

Faraday Future Furloughs More Employees

Company blaming Chinese investor for woes.

by on Dec.05, 2018

A large portion of Faraday's workers have been furloughed, those remaining taking pay cuts.

After a lengthy silence, financially challenged EV maker Faraday Future issued a tweet reconfirming its commitment to build its FF 91 model, while warning if an infusion of cash doesn’t arrive soon that could change. The company noted a round of layoffs are on tap as well.

In mid-November, the company was assumed dead before some churn at the top of the company’s management structure lead to founder Nick Sampson departing the company and the new leadership team announcing the company would come back.

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Today’s Twitter missive laid the blame for their current financial issues squarely at the feet of Chinese investment firm, Evergrande Health. (more…)

Trump to End Electric Vehicle Subsidies by 2021

GM, Tesla have already enjoyed the best of the tax credits.

by on Dec.03, 2018

President Donald Trump said he told GM CEO Mary Barra that the country has been "very good" to the automaker.

President Donald Trump has threatened to kill one of the signature efforts of the Obama administration, but today White House economic adviser Larry Kudlow confirmed it: Trump will end subsidies for electric cars.

The move, which Kudlow said would happen in 2020 or 2021, covers other items including renewable energy sources. He revealed he plans in response to a question about what the administration plans to do in response to General Motors’ recently revealed plant closings and employee layoffs.

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The president, who is in China, did not offer an official proclamation, nor has he tweeted about it, which is often how he reveals impactful actions he plans to take. (more…)

Tesla Promises Model 3 Delivery by Dec. 31 to Meet Tax Deadline

Order by end of month, get by end of year, Musk tweets.

by on Nov.16, 2018

Tesla CEO Elon Musk tweeted that the company would deliver any Model 3 ordered by the end of November by Dec. 31.

Tesla CEO Elon Musk claims that Model 3s ordered in the U.S. by the end of November will be delivered by Dec. 31 — a delivery rate that is much faster than for earlier Model 3 sedans.

The edict, issued by Musk via Twitter, is designed to push sales to get them completed in time to take advantage of tax breaks for buyers. The move comes as Tesla and General Motors are lobbying government officials to extend tax incentives for EV buyers.

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“Tesla just acquired trucking capacity to ensure Model 3 can be delivered in U.S. by Dec 31 if ordered by Nov 30,” Musk tweeted on Thursday. He late clarified how they’re going to get this done. (more…)