After a second quarter that was anything but hot, Tesla Motors surprised analysts by delivering 24,500 vehicles in the third quarter — a 10,000-unit jump over the previous tally.
The healthy delivery numbers allow CEO Elon Musk to stick to his promise of 50,000 deliveries in the second half of this year, reports Bloomberg. Still, the production boost failed to buoy the company’s stock, meaning Musk’s fundraising plans won’t be easy. (Read More…)
Everyone needs an SUV. That’s the mantra in today’s automotive market, and it’s not solely applicable to consumers.
Jaguar, an automaker that’s traditionally sold sedans and grand touring coupes, has seen its sales skyrocket atop an F-Pace emblazoned missile. Also from England, the Bentley Bentayga sports a fascia only a mother could love. Yet, it seems Bentley has found a number of maternal mothers with deep, offshore bank accounts more than willing to adopt Crewe’s latest offspring, resulting in 56 percent of Bentley’s total U.S. sales coming from its new SUV in August, the Bentayga’s first month on sale.
But those are established, luxury automakers. Surely, a small, single-model automaker can buck the SUV trend if its plan is to offer a limited number of models.
Or maybe it’s more important that it offers an SUV to its deep-pocketed clientele.
A California man is looking for answers — and repairs — after he claims his five-day-old Tesla Model X unexpectedly accelerated into a building at full speed as he was attempting to park.
Puzant Ozbag took to the Tesla forum to describe the June 5 incident, which launched his vehicle into the wall of an Irvine store and left his wife with minor airbag-related injuries. (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…)
Changes to the Tesla lineup have never come at a more rapid pace.
After revealing the new face of the Model S yesterday, and two weeks after unveiling the Model 3, Tesla has kept the news flowing by ditching the 70 kilowatt-hour battery in the base Model X for a 75 kWh juice pack — and bumping up the price to match.
The all-wheel-drive SUV doesn’t get any faster with the upgrade — the 0-60 mph time is still six seconds — but the 75D can now travel 17 miles further on a charge, going from a 220-mile range to 237 miles.
Like an actor who just can’t cut it, the third-row seats in Tesla’s Model X could fold under pressure, meaning the automaker now has to recall all of the SUVs it has delivered to date.
About 2,700 Model X vehicles sold in the U.S. will be heading back to Tesla for a fix after internal strength tests revealed that a rear seatback could slip. As a result, the company is cautioning owners not to seat anyone in the third row until repairs have been made.
The tests were being conducted prior to the model going on sale in Europe.
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.
This is the new News Round-up where we cover all the things you should know that may or may not deserve a headline on their own (or we may have simply run out of time to cover them). It’s similar to the “While Your Were Sleeping” news coverage, but not the same, hence the name change.
This morning, Jaguar announced they are going racing again, the automaker formerly known as Saab has a business plan and the Tesla Model X has a price spread that would make Porsche blush.
After Tesla is done delivering Founders and Signature editions of its Model X SUV, the company will offer a 70D model later next year with a 220 mile range for $80,000 plus $1,200 for shipping. A 90D, with a range of 257 miles and quicker sprint up to 60 mph, will be offered as well, but the company hasn’t disclosed how much that will cost.
Automotive News reported that the automaker updated its online configurator for potential customers to configure their base cars. A 70D Model X with every option checked tops out around $100,000.
The public Model X page only lists the 90D as deliverable next year, which Automotive News speculated could mean that the company may make the 70D available later in the year or 2017.
Tesla may need to sell 500,000 cars by 2020 to meet projected goals by shareholders.
Tesla will begin rolling out its firmware update Thursday to enable some Model S and Model X cars to partially drive themselves, the company’s CEO announced on Twitter.
Tesla’s AutoPilot feature will reportedly steer the car during some highway driving and help parallel park the car. A valet feature that would park and retrieve the car without a driver will reportedly come later. It’s unclear how autonomous the cars will be after Thursday, so we’ll save up the $75,000 and let you know as soon as we can.
Model S cars built after September 2014 will reportedly be eligible for the driver-less updates. Cars without the needed sensors and cameras receive a UI update, according to CEO Elon Musk.