Posts Tagged ‘tesla model 3’

Tesla’s New Semi Truck Meets the Hype

Truck travels 500 miles fully loaded on a single charge.

by on Nov.17, 2017

Tesla CEO Elon Musk shows off two version of the company's new semi truck.

Elon Musk’s mind-blowing, if oft-delayed semi-truck finally took center stage and if the numbers Tesla’s CEO tossed out are true, it’s a game changer.

“It blows my mind and I think it’ll blow yours,” he said after two models arrived as adoring Tesla fans screamed and shouted in delight.

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The new truck, which features a dramatically designed cab that puts the driver in the center, will travel 500 miles on a single charge. This range comes with the truck fully loaded at 80,000 pounds, driving highway speeds, Musk noted. It also comes with a 1-million mile guarantee.  (more…)

Tesla Hit by Lawsuit, Called “Hotbed for Racist Behavior”

Tesla responds.

by on Nov.15, 2017

Tesla's Fremont plant has been at the center of numerous discrimination lawsuits this year.

(We’ve updated the story to reflect comments from Tesla on the new lawsuit.)

Tesla has been hit with another lawsuit over the working environment at its Fremont, California assembly plant, this one alleging the factory is a “hotbed for racist behavior.”

The battery-carmaker, which bills itself as a progressive force for change in the auto industry, has been hit by several previous lawsuits, including one alleging sexual harassment and gender discrimination on the factory floor. The latest, brought as a class-action, claims black workers were targeted by racial slurs and that Tesla did not act in response to their complaints.

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Tesla sent a response to TheDetroitBureau.com on Wednesday that contended the lawsuit is a “hotbed of misinformation.” The automaker asserted it “is absolutely against any form of discrimination, harassment, or unfair treatment of any kind,” and contends that when it was advised of racial tensions between groups of African-American and Hispanic workers it stepped in and ultimately discharged three employees.

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“Widespread shortcomings”: Key Analyst Trashes Tesla Model 3 After Test Drive

“Relatively poor” fit and finish, says Bernstein analyst.

by on Nov.10, 2017

A handful of Model 3 sedans at the Fremont plant waiting to be delivered to early customers.

Already hammered by manufacturing problems that have severely limited line rates at its Fremont, California assembly plant, Tesla’s Model 3 is being trashed by a key automotive industry analyst after taking the compact battery-electric vehicle for a test drive.

The Model 3 is Tesla’s first entry into the mainstream automotive market and, unlike its earlier models which appeal to affluent buyers with multiple vehicles, the new sedan is going after everyday owners who may have only one vehicle at home. As such, getting quality right is expected to be a critical challenge for the California-based automaker.

The Last Word!

“Our inspection revealed widespread shortcomings in fit and finish ,” wrote Bernstein analyst Toni Sacconaghi, after taking the Model 3 for a test drive out of Tesla’s showroom in Brooklyn. “Tesla representatives acknowledged some of the fit issues, but stated that they believed that Model 3 was much further ahead than where Model X and S had been at this point in production.”

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Half the Vehicles on U.S. Roads Will Be Electrified by 2030

New BCG study sees explosive growth as battery prices fall, range grows.

by on Nov.02, 2017

The Chevrolet Bolt will soon by joined by "at least" 20 more battery-electric vehicles from GM.

While battery-based vehicles still account for only a miniscule share of the global automotive market, a new study forecasts explosive growth over the coming decade or so, with as much as half of the vehicles sold in the U.S. by 2030 expected to be using some form of electrification.

In the relative near-term, government incentives, including the $7,500 federal tax credit offered in the U.S., will be needed to build momentum, said Xavier Mosquet, the lead author of the study for the Boston Consulting Group. But as battery prices fall and range increases, the technology will become increasingly attractive to consumers without government assistance, he said.

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“We see an economically sustainable market for electric vehicles somewhere between 2025 and 2030,” said Mosquet, who heads BCG’s Detroit office. And the faster battery prices fall – and the more oil costs rise – the more the equation shifts from the internal combustion engine to electrified vehicles.

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Your Guide to the 20 or More Long-Range EVs Coming to Market by 2020

Manufacturers betting on longer range, improved performance, lower prices and faster charging.

by on Sep.06, 2017

The 2018 Nissan Leaf.

With last night’s debut of its second-generation Leaf, Nissan becomes the latest automaker to charge into the long-range battery-electric market.

The 2018 model will travel an estimated 150 miles per charge — or nearly double what the original version of the battery-electric model delivered when it debuted in 2010. Though not quite up to the 200--mile range of the new Tesla Model 3 and Chevrolet Bolt, the new Nissan Leaf is expected to be part of a game-changing trend that will bring a wave of long-range battery cars to market, vehicles that will largely eliminate the concept of “range anxiety” from the vocabulary.

Stay Plugged In!

The 2018 Leaf introduces a number of new features, such as its ProPilot Assist system, while keeping the price down at $30,000 – before factoring in federal tax incentives – underscoring another critical trend in the battery-electric market: as battery costs plunge, automakers are bringing more new EVs into mainstream price segments. Add faster charging and the potential appeal of these new models grows exponentially. (more…)

Flood of Long-Range Electric Cars Set to Plug Into U.S. Market by 2020

Many will target affordable niches

by on Aug.09, 2017

Mercedes will introduce a new battery sub-brand and launch it with a version of the Mercedes-EQ Concept.

With last month’s launch of the Tesla Model 3, U.S. consumers now have two “affordable” long-range battery-electric vehicles to choose from. Those with a bit more money in the bank can also opt for the more expensive Tesla Model S sedan and Model X SUV.

There are plenty of other electric vehicles in U.S. showrooms today, though most, like the current-generation Ford Focus Electric, can manage barely 100 miles per charge. The Mitsubishi MiEV, which will vanish at the end of the 2017 model-year, can only make it 59 miles before having to plug in again, according to the EPA.

We'll Keep You Plugged In!

But the new model-year not only will bring us the new Model 3 but a complete makeover of the Nissan Leaf, which will nearly double its range to at least 200 miles per charge. And that’s just for starters. By 2020, virtually every major automaker is expected to have at least one long-range model in its showrooms. Many of them will be in affordable – that is, under $40,000 base MSRP – segments, with plenty more in premium niches.

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Pressed for Cash, Tesla Issues Junk Bond in Bid to Boost Model 3 Production

Automaker lowers price of Model X SUV to reflect “efficiencies.”

by on Aug.07, 2017

The first "saleable" Model 3 shown after rolling off the line at the Fremont plant last month.

Aiming for a massive increase in production to meet strong demand for its new Model 3 battery-electric vehicle, Tesla is issuing $1.5 billion in high-yield junk bonds.

The announced comes less than a week after Tesla said it had narrowed its losses for the second quarter. During a conference call to discuss the earnings report, CEO Elon Musk indicated the automaker might need a new cash infusion but would try to avoid issuing new stock.

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The new debt offering is meant “to further strengthen its balance sheet during this period of rapid scaling with the launch of Model 3, and for general corporate purposes.”

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Fear of “Manufacturing Hell” Has Investors Unplugging From Tesla

Model 3 ramp-up could prove seriously challenging, CEO Musk warns.

by on Aug.01, 2017

An SRO crowd gathers for the event marking the delivery of the first Tesla Model 3 on 7-28-17.

After spending months driving up the shares of Tesla, Inc., investors seemed ready to run on Monday after outspoken CEO Elon Musk warned that his company could face a half-year of “manufacturing hell” trying to ramp up production of the new Model 3 battery-electric sedan.

The Model 3 is Tesla’s long-awaited entry into the mainstream market, with prices ranging from around $35,000 to $60,000. The California carmaker is believed to have as many as 400,000 advance reservations. But it will face a serious challenge, Musk acknowledged, boosting production at the Tesla plant in Fremont, California to the point where it can roll out the promised 500,000 vehicles next year.

Breaking News!

Investors aren’t the only ones worried. A group of Tesla workers on Monday asked the company’s board to provide a plan that will, among other things, address worker safety during an aggressive ramp-up aiming to boost production almost five-fold from 2017 to 2018. Tesla has come under fire in recent months over allegations of unusually high injury rates at the suburban San Francisco plant.

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Musk Wants to Open More Car, Battery Plans

Looking at “two or three” Gigafactories in U.S. alone.

by on Jul.17, 2017

A new Model 3 in front of Tesla's Fremont, CA plant.

The coming months will be the real test for Tesla. With the launch of the new Model 3 we’ll soon discover whether this money-losing niche player can transform itself into an immensely profitable, mainstream automaker.

No surprise, CEO Elon Musk is already looking at what will have to happen as Tesla grows, and grows fast, 2018 volume forecast to hit 500,000 battery-electric vehicles, or six times the company’s 2016 volume. To keep up with anticipated demand, especially with even more products in the pipeline, Tesla is laying plans for a network of new car and battery plants.

Breaking News!

If Tesla hits its target with the Model 3, the company’s Fremont, California assembly plant will be “bursting at the seams,” Musk recently told shareholders. He has been dropping plenty of hints on what will follow, and that is likely to include at least one more assembly plant in the U.S., as well as one in China, while we could see as many as 20 new Gigafactory battery plants.

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Tesla Adding 100 Service Centers as Model 3 Launches

Move considered critical as automaker goes from niche to mainstream.

by on Jul.12, 2017

Tesla has been launching non-traditional showrooms and displays, like this one at a Nordstrom's.

Tesla plans to add at least 100 new service centers, as well as 1,400 service technicians and a fleet of service vans to keep pace with the planned, rapid ramp-up of production of its first high-volume product, the Model 3.

With sales expected to grow to as much as 500,000 vehicles next year – a six-fold increase over the 84,000 sold in 2016 – Tesla’s current service and repair network would be overwhelmed, many analysts have warned, even if the new Model 3 were to come to market with industry benchmark quality and reliability. Tesla current only has about 150 service centers in operation to cover the entire U.S. market.

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Despite a price tag that runs less than half that of a current Model S, buyers of the new Model 3 “will have high expectations” for their new vehicles, said David Sullivan, a senior analyst with AutoPacific, Inc.

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