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.
Morgan Stanley analyst Adam Jonas issued a lower target for Tesla on Wednesday, saying the automaker’s SUV price tag is too hefty for the carmaker to meet its production volume goal for 2016.
Jonas wrote that the $130,000 SUV is just too pricey (via Business Insider):
Even allowing the Model X (average transaction price) to decline over time through the introduction of lower-spec models leaves what we believe to be a higher-priced vehicle than we expected that may struggle to meet the volume expectations of the market and our forecasts.
If you remember correctly, Jonas was the analyst that called for Tesla’s stock to effectively double because he had a good idea for the automaker, which he said was the world’s most important.
The world is abuzz this week with news of the all-new Tesla Model X, which is a minivan that looks like it may at any moment take flight and get tangled up in some power lines.
Yes, ladies and gentlemen, that’s right: Tesla has brought the first gullwing minivan to market, and people are excited. And not just slightly excited. Elon Musk is giving press conferences to delighted admirers. Tesla fans are running up and down the streets in Palo Alto screaming “THE TESLA IS COMING! THE TESLA IS COMING!” And Pacific Gas & Electric engineers are currently on the job trying to figure out how to get the first Model X down from some high-voltage wires near Tarzana.
Essentially, it is Tesla pandemonium.
Tesla finally rolled out its third model, the Model X last night to loyalists and some media (not us) Tuesday in California.
The SUV’s falcon doors and
ludicrously insanely fast 0-60 mph times (3.2 seconds for a car that weighs 5,441 pounds) may get most of the headlines, but the rest of the car’s features and specifications are just as impressive. Tesla says that the batteries in its Model X — which are the same as the Model S — are good for 250 miles. The combined torque for its front and rear engines motors, which produce 259 hp and 503 hp respectively, is more than 700 pound-feet.
And the air filtration system inside may protect you from mustard gas, or something.
In a letter to Model S owners, Tesla CEO Elon Musk said that its referral “experiment” had gone well and that the company would be expanding the program, according to HybridCars.
Owners can refer as many people as they want, and although the “free” Model X cars have likely already been claimed in each of the three sales regions, the top referrer by Oct. 31 can trade in their Model S for a P85D with “ludicrous” speed mode. Referring 10 new buyers now means you can buy a fully loaded “Founder Series” Model X for the price of a base Model X (a $25,000 savings according to the company).
It’ll still probably be ugly for whomever wins at the end.
According to the Tesla Motors Club, the referral program that would award one Model X to a lucky loyalist in exchange for referring 10 new Model S buyers may already be over. “Kevin2686″ may likely be the North American winner for the free Model X considering he managed to refer 10 new buyers.
Forum members say Kevin2686 spam posted his referral link, and indeed on a CNET news story about the promotion a user named “Tesla2000″ offered $1,000 up front and $1,000 later with a link to Kevin2686’s referral code. In Tesla’s relatively vague referral language:
“Please note that we may withhold credits, discounts or other awards where we believe customers are acting in bad faith or otherwise acting contrary to the intent of this program.”
This may not end well. (Read More…)
Details on Tesla’s “free” Model X for the first 10 referral buyers have been few since the beginning. First it appeared that the program would be limited by time, then it appeared it would be limited by country, now it appears that it’ll be limited by continent.
The first person to refer ten friends in each sales region— North America, Europe, and the Asia-Pacific — will receive a free Founder Series Model X.
But even more unclear is exactly how Tesla will give its winner their new Model X. Depending on how that happens, there are very few scenarios in which the new Model X owner (with 10 friends wealthy enough to buy new Model S cars) wouldn’t qualify for up to $7,500 back from the feds. (Read More…)
Tesla’s third production model, its Model X crossover, will start arriving to customers who have already ordered the car September 29, the automaker announced.
Customers for the crossover, which costs $133,000 to $144,000, began ordering options and colors for their cars that include premium sound and “ludicrous speed” modes.
The company announced it would hand over its first few cars to new owners at their headquarters in California.