Tag: Elon Musk

By on April 15, 2016

Tesla Model 3 Prototype on road, Image: Tesla Motors

Orders of the life changing, marriage-saving Tesla Model 3 are poised to hit 400,000, but Fiat Chrysler Automobiles CEO Sergio Marchionne doesn’t think they’ve got the right stuff.

Diarmuid O’Connell, Tesla’s vice-president of business development, confirmed the number of orders at an electric vehicle conference in Amsterdam yesterday, two weeks after the low-priced model’s glitzy unveiling, Electrek has reported. (Read More…)

By on April 14, 2016

Hyperloop Technologies

Hyperloop Technology’s co-founder and chief technology officer Brogan BamBrogan, who is a real person and not a Bond villain living in a volcano lair, choose yesterday’s SEA International Congress talent meetup to push the Elon Musk-conceived technology, Automotive News has reported.

BamBrogan’s company is dangling job opportunities in front of the Detroit crowd in a bid to lure new henchmen auto industry talent into its fold.

The former Chrysler and SpaceX engineer’s message to the Detroit audience was clear. To paraphrase Seinfeld — this technology is real, and it’s spectacular.

“We’re calling this our Kitty Hawk moment,” BamBrogan told them.

(Read More…)

By on April 8, 2016

tesla-model-s-

Suffice it to say the Model 3 has consumed all of the Tesla oxygen in the past few weeks, but that doesn’t mean the Model S is just going to roll over and play dead.

Sources inside the company told CNET that a changes are coming for the ground-breaking electric sedan, possible as early as next week. If true, Tesla founder Elon Musk clearly knows a thing or two about sustaining buzz.

The shadowy source claims the Model S will receive an exterior facelift and a slight move upmarket thanks to more luxurious interior trappings.

(Read More…)

By on April 7, 2016

tesla model-3-unveil

As promised, Tesla has revealed the tally for first-week orders of the upcoming “affordable” Model 3 electric car, and it’s good news for the company.

It’s also bad news if you ordered late and are hoping to show off your ride anytime soon.

As of today, the electric automaker has taken over 325,000 reservations on the 215-mile range Model 3, which translates into an eventual $14 billion in revenue if no one backs out. With each buyer putting $1,000 down on their order, that means Tesla just made a cool $325 million that could be used to ready the vehicle, and the company’s facilities, for production.

(Read More…)

By on April 6, 2016

Elon Musk

Tesla founder Elon Musk wants to build a new European factory to satisfy growing demand on the continent, and France knows just the place he should do it.

French Energy Minister Segolene Royal reportedly pitched the idea of using the site of a soon-to-be-mothballed reactor to Musk, according to Reuters (via Automotive News Europe).

“He didn’t say no,” said Royal, who plans to follow-up the pitch by meeting with Tesla management.

(Read More…)

By on April 5, 2016

Elon Musk + Tesla Model S Circa 2011

Tesla Motors is cranking out EVs at its fastest clip yet, but buyers who put money down on the Model 3 should still have serious questions about the timeliness of their delivery date.

In the first quarter of this year, Tesla delivered 12,420 Model S sedans and 2,400 Model X SUVs — nearly 50 percent more volume than the same period last year. The electric automaker said a parts shortage in January and February hampered Model X production, but with the issue resolved, deliveries of 80,000 to 90,000 Teslas can be expected this year.

(Read More…)

By on March 31, 2016

Tesla Model 3 Teaser, Image: Tesla Motors

The wraps are coming off the hotly-anticipated Tesla Model 3 tonight, and the event will be broadcast live at 8:30 p.m. PT, 11:30 p.m. ET.

If you didn’t spent the first order day lining up around the block to put $1,000 down on the lower-priced Tesla, you can at least live vicariously through your computer screen.

Tesla founder Elon Musk tweeted yesterday that tonight’s launch is “Part 1” of the reveal, with the second coming closer to the model’s production date. This implies the Model 3 shown tonight won’t be the exact vehicle you’ll drive when it hits the market in late 2017.

It likely won’t be embryonic, either.

Watch the Tesla Model 3 launch here

(Read More…)

By on March 14, 2016

Google Toyota Prius Autonomous Vehicle

The brain trust of yet another artificial intelligence technology startup has been snapped up as automakers prepare for our terrifying, dystopian future.

That, Sergio Marchionne has a sure-fire recipe, jury selection begins in ignition trial, Tesla doesn’t need no stinkin’ successful low-priced car, and GM goes big on commercial sales … after the break!

(Read More…)

By on March 8, 2016

2013-Tesla-Model-S-Rear

Is Tesla planning a Model S update that squeaks past 300 miles of range?

That, a savior is needed at Lada’s parent company, Nissan wants your future car to be everything, Ford goes all in down under, and pedestrians and cars are meeting frequently … after the break!

(Read More…)

By on January 30, 2016

Elon Musk

The automotive and tech blogs are aflutter Saturday with news that Elon Musk has gobbled up another chunk of Tesla stock — this time at a discount.

Musk exercised and held a stock option this week that saw the multi-billionaire increase his ownership of Tesla Motors by 532,000 shares. In total, those shares are worth over $101 million as of the last closing price of $191.20/share.

Here’s where the discount comes in: Musk’s option dictated a price pegged to the share value as of Dec. 4, 2009, before the automaker went public, of $6.63/share — or just over $3.5 million.

Sounds like Elon got a stellar deal. But does any of it matter? Is owning 1/5th of Tesla a big deal?

(Read More…)

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