Tesla founder and CEO Elon Musk plans to turn off the free electricity taps at his company’s Supercharger stations for owners of the upcoming Model 3.
Musk made the announcement last night during a question and answer session at the company’s annual shareholders meeting.
Paying to use the Tesla-financed recharging network isn’t something the roughly 373,000 reservation holders want, but the decision comes down to basic economics, said Musk. (Read More…)
If you’re a Tesla owner who spent the past year diligently convincing your friends and family to join the club, clear your schedule for July 29.
The electric automaker recently mailed out invites to a grand opening party for its battery-producing Gigafactory, located (like a Bond villain’s lair) in the desert outside Reno, Nevada. The chances of guests being wowed by a fully operational factory humming with workers busily cranking out EV batteries is doubtful, though. (Read More…)
The folks at United Auto Workers are eyeing Tesla’s production targets and making plans.
The electric automaker wants to manufacture 500,000 vehicles per year in 2018, and the union wants the workers behind those EVs in its fold, according to USA Today (via Left Lane News).
Though it hasn’t announced anything officially, UAW boss Dennis Williams recently expressed interest in unionizing Elon Musk’s California assembly plant employees. (Read More…)
Everyone and their 90-year-old great aunt knows that Tesla is putting all of its might into reaching a volume target of 500,000 vehicles in 2018, but more voices are now calling CEO Elon Musk’s timeline impossible.
Musk wants high-volume production to start in less than two years, but suppliers tell Reuters that the accelerated target is a pipe dream. Will delays in parts sourcing and other nitty-gritty issues throw cold water on Tesla’s plans (and customers’ Model 3 ownership dreams)? (Read More…)
It’s billed as the affordable electric car of the future, but 12,200 reservations have dropped off the Tesla order list since the company’s Model 3 came on the scene.
The new tally was revealed when Tesla announced plans to raise $1.4 billion through a share offering to boost its financial standing, Bloomberg reports.
Since orders opened, 4,200 duplicate reservations have been erased by the company, and 8,000 customers have backed out of their purchase. That leaves 373,000 reservations on the books, each backed by a $1,000 check. (Read More…)
In a bid to get the Model 3 out the door on time, ideally without the snafus that plagued the Model X, Tesla Motors has hired a longtime Audi executive to serve as vice-president of vehicle production.
The hiring of 22-year Audi veteran Peter Hochholdinger, first reported by Reuters, comes as Tesla ramps up its manufacturing capacity to handle the 400,000 reservations placed on its upcoming $35,000 sedan.
Amid the company’s all-out dash to bring its Fremont, California factory’s production capacity to 500,000 vehicles per year by 2018, a damning report just released by the Bay Area News Group sheds light on the low-cost foreign labor helping to build that capability. (Read More…)
No one wants their most exciting moment to last two seconds, so let’s hope the folks at Hyperloop One have bigger things coming down the, erm, pipe.
Yesterday, amid great fanfare and hype, the recently renamed Hyperloop One (formerly Hyperloop Technologies) performed the first open-air test of the electromagnetic propulsion system at the heart of the futuristic transportation concept.
As a bandstand of employees and media watched beneath the hot Nevada sun, a test vehicle rocketed along a track for two seconds, hitting Camry-on-a-joyride speeds — officially, 116 miles per hour — before plowing into a sand trap. The future doesn’t have brakes yet, just sand. (Read More…)
At the Tesla Model 3’s glitzy unveiling, everyone knew the model was a half-baked cake. Now, company founder Elon Musk admits the much-hyped electric sedan still isn’t out of the oven.
Musk said in a recent conference call that the design of the $35,000 Model 3 EV still isn’t finalized, according to Reuters, and the company plans a spending spree to get the model into production on time. (Read More…)
Time’s a wastin’ if you want to impress your friends and neighbors with a gee-whiz Tesla Model 3 anytime in the next three years.
As he’s known to do, Tesla founder Elon Musk took to Twitter last night to warm wannabe owners about the growing wait for his $35,000 electric sedan. If you’re just lining up for a Model 3 now, consider signing a lease for another vehicle while you wait — you probably won’t have to terminate it early. (Read More…)
There’s probably no s’mores or ghost stories, but Tesla founder Elon Musk is still a fan of camping out at his company’s Fremont, California production facility.
Musk admitted to giving his sleeping bag a regular workout during a recent earnings call, during which he outlined his production goals for the upcoming Model 3. The optimistic deadline of July 1, 2017 is now viewed as impossible (due to supply issues), but Musk is optimistic that significant quantities of the $35,000 EV will be out the door before New Year’s Eve.
Musk might need to splurge on an upgraded sleeping bag next summer. (Read More…)