Comments made by Tesla boss Elon Musk and other company execs on an earnings call seem to suggest that Tesla Cybertruck production may be delayed.
That doesn’t necessarily mean the truck will be a flop, as I’ve predicted, but it’s not great news for Tesla, either.
Most car buyers prefer to spend less money for more performance, and the more eco-conscious among us can now get into one Tesla Model Y trim for a lower price, while the loftier version makes a previously optional Performance Package standard.
Tesla has cut pricing on the Model Y Long Range by $3,000 while also giving the Performance trim a boost.
At the dawn of the new year, it seemed Tesla was finding its groove. Production flowing well, some past headaches ironed out, a Chinese plant up and running, a potentially lucrative crossover ready to go, and back-to-back black ink on its quarterly earnings reports.
Hoping to safeguard its future, the automaker is now prepared to furlough workers for the coming month and slash salaries thereafter.
Some 12 years and one month ago, Tesla CEO Elon Musk delivered the firm’s first electric vehicle… to himself. Fast-forward to today, and electric vehicle are sprouting from automakers the world over — including the “legacy” automakers Teslaphiles so often deride as out of touch.
On Monday, the company that opened the floodgates for EV proliferation marked a production milestone once thought of as inconceivable: its millionth car.
Tesla’s Model Y has already started production, scheduled to reach consumers by the end of March, but until today there was no official range rating. That’s all changed now, and those standing in line for the automaker’s new compact crossover have reason to smile.
In a recent earnings report that, unlike Nissan’s, actually pleased investors, Tesla claimed its new Model Y crossover would see its first U.S. deliveries in March of this year. Great news for antsy reservation holders, but some worry the appearance of America’s Favourite Bodystyle will have a harmful impact on the automaker’s current best-seller, the Model 3.
Tesla CEO Elon Musk is no stranger to sparking conversation — along with lawsuits, SEC probes, and stock fluctuations — with his social media missives. Tuesday night was no different.
In a two-word Twitter message backed up with a two-item poll, Musk suggested Tesla’s next domestic assembly plant will take up residence in the Lone Star State.
Tesla’s fourth-quarter 2019 earning report, released Wednesday night, gave analysts and investors what they’d been looking for. In the midst of a global production ramp-up, the electric automaker posted a second consecutive quarterly profit — offering compelling news about a new model in the process.
That vehicle is the Model Y, a Model 3-based compact crossover that’s apparently already rolling off the assembly line in Fremont, California.
After claiming, via official channels, that its Nevada Gigafactory would likely become the site of Model Y production, Tesla seems to have changed its mind on where to build its upcoming crossover.
During a weekend podcast, Tesla CEO Elon Musk said production of the vehicle will likely take place where all other Teslas are built. It might not even require a tent.
Perhaps to give journalists a taste of what it’s like to be a Tesla reservation holder, Tesla’s Model Y launch event, scheduled for 11 p.m. Eastern time Thursday, started late. When it did, CEO Elon Musk launched into a rundown of his company’s well-documented history.
There were a few admissions during his speech, including this telling statement:
“I really think the difficulty and value of manufacturing is underappreciated,” Musk said, echoing a sentiment hurled in his direction since the start of Model 3 production. “It’s relatively easy to make a prototype and extremely difficult to mass manufacture a vehicle reliably and at scale.”
With tonight’s splashy California reveal of the upcoming Model Y crossover, Tesla CEO Elon Musk hopes to achieve two things: positive press, and an avalanche of deposits. It would be a change from the past several weeks, in which an assembly line of undesirable headlines made it appear that a green monument was in danger of toppling.
While pricing and specs should be revealed tonight, J.D. Power thinks it knows what Tesla fans will pay.
Hoping to start this week in better form than last week, Tesla CEO Elon Musk took to Twitter Sunday to generate buzz ahead of the Model Y’s debut. The upcoming crossover, based on the Model 3 sedan, will see the light of day on March 14th at the company’s L.A. design studio, Musk said.
As for when customers can expect to see one, that’s a matter for the bookies.
Elon Musk’s role as chairman and CEO of Tesla remained intact after Tuesday night’s annual shareholder meeting, where a proposal to split the duties between two people sank once it came to a vote. Three directors, including Musk’s brother Kimbal, also saw re-election last night, despite protests from some shareholders who feel they lacked experience.
With the challenge to Musk’s dominance squashed, it was then time to do the thing he does best: placate investors with assurances and rosy production timelines. Anyone interested in a Model Y?
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- Mark This is what it cost to drive a Tesla Model S Plaid for 11k+ miles in one year. You would pay more to drive a Yaris that far, never the less a performance car on the Plaid level. I don’t know where they got their math, but mine is actual real world results. We live in a cold climate and have removed our wheel covers, both of which hurt range, so your mileage may vary.
- Jack Bummer, his successor sounds like just another electric car shill :(
- IH_Fever Nissan should call for a real pickup before they call for electrification...
- Bobbysirhan Direct injection cuts certain emissions that were already so small as to be completely meaningless, but it introduces particulate emissions that aren't a problem on port-injected engines. Stay tuned for a particulate emissions panic to be used as a justification for banning all of the ICE engines produced under recent EURO emissions standards tiers.
- Kosmo I want to know why Mazda thinks anybody is interested in multiple teasers on a CUV!