Tesla's Production Push Pays Off, But Stock Remains Stagnant

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.

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Karma Looking at Luxury SUV Segment for Expansion - Assuming It Gets That Far

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.

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Tesla Model X Owner Says His Vehicle Crashed Itself

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.

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Musk Admits to Factory Sleepovers as Tesla Gets Real on Production Forecast

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.

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Movin' on up: Tesla's Model X Boasts a Bigger Base Battery

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.

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With a Recall Underway, the Model X is Still a Thorn in Tesla's Side

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.

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For Tesla Model 3 Buyers, the Waiting Could Be the Hardest Part

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.

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News Round-up: Jag Going Racing, Saab Has a Plan, Teslas Are Expensive

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.

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Tesla's 'Base' Model X Starts At $81,200 Before Incentives

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.

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Tesla Updating Its Cars With Semi-Autonomous Driving Starting on Thursday

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.

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Tesla's Biggest Cheerleader Thinks Model X May Be Overpriced

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.

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QOTD: Could Tesla Still Go Under?

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.

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Tesla's Model X Is Our Egg-shaped Future and It's Here

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.

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Tesla Expanding Referral Program, Still Probably Going To Be Messy

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.

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Tesla Model X Referral Winner Accused of Spamming Referral Links

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.

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  • Lorenzo Yes, they can recover from the Ghosn-led corporate types who cheapened vehicles in the worst ways, including quality control. In the early to mid-1990s Nissan had efficient engines, and reliable drivetrains in well-assembled, fairly durable vehicles. They can do it again, but the Japanese government will have to help Nissan extricate itself from the "Alliance". It's too bad Japan didn't have a George Washington to warn about entangling alliances!
  • Slavuta Nissan + profitability = cheap crap
  • ToolGuy Why would they change the grille?
  • Oberkanone Nissan proved it can skillfully put new frosting on an old cake with Frontier and Z. Yet, Nissan dealers are so broken they are not good at selling the Frontier. Z production is so minimal I've yet to see one. Could Nissan boost sales? Sure. I've heard Nissan plans to regain share at the low end of the market. Kicks, Versa and lower priced trims of their mainstream SUV's. I just don't see dealerships being motivated to support this effort. Nissan is just about as exciting and compelling as a CVT.
  • ToolGuy Anyone who knows, is this the (preliminary) work of the Ford Skunk Works?