#Tesla

A little over a month ago, we ran the results of our best/ worst cars of 2018 poll. At the end of each post, I reflected a bit on the results, but I wanted to dig a bit deeper.

While I had hoped to do this a bit sooner, other work got in the way. So Steph and I decided it would be a good way to close out the year.

Tesla’s nine-member board now numbers eleven, with many shareholders hoping that the addition of two independent directors — a key directive of Tesla’s SEC settlement — helps keep a lid on CEO Elon Musk’s stock-rocking shenanigans.

Whether or not the two new members can actually do this remains to be seen. Musk continued antagonizing the Securities and Exchange Commission even after agreeing to the settlement that saw him removed as chairman, and he insists no one’s vetting his tweets. Speaking of ill-considered tweets, Musk’s lawyers claim the British cave diver suing Musk for defamation should just let it go.

It’s that special holiday time of year again. For a few short weeks, people go out of their way to be nice to others, and to wish one another the best in the upcoming new year. While the niceness still abounds, we want to know which car manufacturer receives your well-wishes for the future.

Having rung the bell on 200,000 electric vehicle deliveries in the U.S., Tesla will enter 2019 without the ability to offer a full $7,500 federal tax credit to would-be buyers. While not nearly as attractive an incentive as the same amount applied to a lower-priced EV, it’s still free public dollars. And it’s better than $3,750.

Twice this past fall, Tesla CEO Elon Musk warned customers they’d need to order by a certain date in order to ensure a delivery date prior to January 1st. After receiving a holiday earful from dutiful customers now facing late deliveries, Musk put on the Santa suit.

Tesla’s Dallas-based leasing partner, MUSA Auto Finance, finds itself in a tough spot. Apparently, the business is having trouble keeping up with all the business the automaker is doing. Founded in 2016, MUSA joined up with Tesla in June of this year. However, it has reportedly been unable to finance new leases since October.

According to Automotive News, Tesla caused MUSA’s leasing volume to increase by a factor of six between August to September. As of December, MUSA dealer clients said lease approvals have yet to resume — leaving some dealer partners up a creek without a paddle and some customers without their car.

Employees at Tesla’s solar-panel factory in Buffalo, New York, are launching a drive to unionize with the International Brotherhood of Electrical Workers and the United Steelworkers. The campaign aims to unify about 300 production and maintenance employees at the the facility. If it succeeds, it will be the first time the automaker has failed to stop its staff from organizing inside the U.S.

The EV manufacturers’ labor force wants the same thing we all want — more money. Many claim that Tesla offers unfair wages and believe collective bargaining is the only road to higher pay.

Tesla’s Fremont, California assembly plant once cranked out Pontiac Vibes and Toyota Matrixes under a joint venture between General Motors and Toyota, but could a current GM factory one day give way to Tesla production?

Tesla CEO Elon Musk put that possibility out there during a 60 Minutes interview on the weekend. As one might expect, Musk’s comments were greeted with skepticism.

If you want a Porsche Taycan EV, you may end up waiting even longer than planned.

Unless you’ve already raised your hand, that is.

Production is a year or more away, but Porsche USA’s top boss is already saying that if all preorders are turned into sales, the car is already sold out for year one. This, despite the company’s CEO saying that production will increase to account for the number of preorders.

The city of Shanghai claims Tesla could begin production in China in the second half of 2019, which would be an incredible achievement for the automaker. China is Tesla’s biggest market after the United States and assembling product within its borders would be a good way to avoid the nation’s aggressive tariffs on U.S autos, which currently stand at 40 percent.

However, the trade war between the two countries has also stifled sales — and not just for Tesla. China’s car market hasn’t been particularly robust this year and appears to be headed for the first major slump after nearly two decades of reliable growth. While President Trump has teased that the People’s Republic may be about to lower its automotive trade barriers with America, there’s no assurances coming from Asia. Regardless, setting up shop within China should be beneficial for Tesla’s bottom line and make it more competitive with Chinese EV brands like BYD and Nio.

A New York Times report published on Friday features claims by African-American workers at Tesla’s Fremont, California plant that they were racially harassed.

The Times pieces together a combination of interviews, internal communications, and sworn legal statements from over two dozen current or former Tesla workers. Alleged incidents listed in the reporting include a crude, racist drawing; the use of racial slurs; the drawing of swastikas; and African-American employees being assigned to menial tasks due to their race.

California Highway Patrol arrested a 45-year-old man early Friday morning under the suspicion of driving under the influence while his 2017 Tesla Model S was operating in Autopilot on Highway 101.

While condemned previously for its misleading marketing, Tesla has been clearer of late that Autopilot is not self-driving. Likewise, anyone who owns one of its vehicles should be able to understand that the feature has limitations necessitating regular human involvement to complete any journey.

However, none of this has stopped individuals from abusing the driving aid. In August another motorist was arrested on suspicion of driving under the influence of alcohol after his Tesla collided with a fire truck. Earlier in the year, a Tesla owner passed out while behind the wheel. Fortunately, Autopilot brought the vehicle to a stop in the middle of the Oakland Bay Bridge.

According to Tesla CEO Elon Musk, the automaker was teetering on the edge of disaster earlier this year. “Tesla faced a really severe threat of death due to the Model 3 production ramp,” Musk told Axios during a video interview on HBO. “Essentially the company was bleeding money like crazy and just if we didn’t solve these problems in a very short period of time, we would die. And it was extremely difficult to solve them.”

Musk said Tesla was within “single-digit weeks” of an unrecoverable catastrophe. While we appreciate his present candor, the assertion doesn’t mesh with comments made earlier.

In fact, Elon was down on the automotive firm needing more funds every since it posted its 2011 financial results. “Tesla does not need to ever raise another funding round,” he said in response to a question on the company’s cash position back in February of 2012. “We may want to do so, but we are in a strong cash position, and we don’t need to.”

Apple co-founder Steve Wozniak may no longer work for the company in any official capacity, but he has stayed on as a tech advisor and sounding board. When the Woz says something it usually isn’t without merit, which is why it was interesting to learn he thinks self-driving vehicles aren’t going to happen.

Previously, Apple was said to have hundreds of employees working on an electrified, autonomous vehicle as part of Project Titan. Despite having the necessary testing permits, the company shifted toward developing software for self-driving applications in 2016. CEO Tim Cook confirmed that was the firm’s new focus in 2017 but analysts and industry insiders have continued to claim the Apple Car is still quietly in development. Maybe someone should tell that to Wozniak because he seems to think the entire idea is bogus.

Hoping to simplify vehicle assembly, Tesla tweaked its online car configurator over the weekend, culling numerous options from both the Model S and X. This translates into a price bump for more-basic models and a few dollars saved on the higher trims, but less choice overall. The Model S ($78,000) and X 75D ($84,000) now cost a grand more and offer improved interiors, but the 100D units cost $500 less than before. Meanwhile, all trims play host to a slimmer options list.

It was an expected move, as the brand has previously limited options to grease the wheels of production. Elon Musk said the company would embrace further streamlining to “simplify the product offerings” last month, but it’s a little surprising how far the company went.

A longtime Tesla board member, last heard from offering cover for CEO Elon Musk’s disastrous go-private tweet, will be the automaker’s new board chair, tasked with keeping Musk’s destructive tendencies in check.

In accepting the new role, Robyn says goodbye to her short-lived stint as chief financial officer and head of strategy at Australian telecommunications giant Telstra, which sounds a lot like “Tesla.” With Musk booted from the chairman position for a period of three years, Denholm will oversee a board with greater independence, or so the SEC hopes.