Report: Tesla China to hit over 80k deliveries this month
A report from China says Tesla is targeting deliveries of about 80,000 to 90,000 vehicles domestically this month, despite insurance data from previous weeks suggesting that Tesla seemed to be having delivery challenges in the country. The report says that shorter waiting times mean scalpers who had bought the cars in hope of a large profit will now be undercut as Tesla customers wait for a possible October price cut. Estimates in China reportedly suggest that Tesla will reduce its Model 3 prices by RMB 20,000 ($2,700) and the Model Y by RMB 28,000 ($3,900). Report:
There is a tradition of price reduction: Historically, Tesla has been ahead of the market regardless of whether the price has been raised or lowered. There is room for price reduction: Tesla’s 22Q2 single-vehicle profit is 8,000+ US dollars, and its 22Q3 single-vehicle net profit hits 13,000 US dollars, equivalent to 80,000 yuan, which is extremely profitable.
$TSLA Giga Shanghai Q3 expecting 80-90k. And the main reason why wait time is now 1-4 weeks or 1-8 weeks because there are lots of scalper who booked earlier and resell it a the large profits. Now these scalper delayed delivery is quite serious. pic.twitter.com/9C2EhKBFgl
— T ⚡️ (@TeslaSg) September 26, 2022
90,000 cars recalled
Tesla recalls 90,000 cars because of a single report of a front seat belt not being properly connected. Tesla was alerted to the seat belt issue by a customer in Europe two weeks ago and has since inspected 3,000 vehicles and its assembly process.
Tesla recently found a Model S in Europe with a front seat belt that was not properly connected to the outboard lap pretensioner. This vehicle was not involved in a crash and there were no injuries. However, in the event of a crash, a seat belt in this condition would not provide full protection.
Withdraws recommendation
Consumer Reports withdraws its recommendation for the Tesla Model S, after surveying 1400 owners, because of “worse-than-average” reliability. The car previously had the best rating possible.
As the older vehicles are getting up on miles, we are seeing some where the electric motor needs to be replaced and the onboard charging system won’t charge the battery. On the newer vehicles, we are seeing problems such as the sunroof not operating properly. Door handles continue to be an issue…Despite the problems, [Consumer Reports] data show that Tesla owner satisfaction is still very high: Ninety-seven percent of owners said they would definitely buy their car again.
Tesla Motors share price drops 10% before recovering to close off 7%.
Autopilot driverless car update
Tesla launches a beta version of Autopilot, which will be available on Thursday. All vehicles from September 2014 will be given the feature. Vehicles will rely on four major sensor systems. Ultrasonic sensors that tell the computer what’s around a 16-ft perimeter of the car; a forward-facing camera that helps determine where the lanes are and what cars are ahead of it, and which can also read speed signs; forward radar that’s used to detect fast-moving objects and which can see through rain, fog, and dust, as well as pulling from GPS and high-precision digital maps. Musk says it’s very important that people “exercise caution” and that they keep their hands on the wheel.
I don’t think that we have anything to worry about with cars driving themselves. They’re not going to take over the world…Each driver is a trainer in how the autopilot should work.
Model X launch
Musk launches the Model X SUV. The car can seat seven, has rear upward-opening “falcon” doors, and with the “ludicrous” option can reach 0-60mph in 3.2 seconds. The car also has a “bioweapon defense mode,” an advanced HEPA air filter that will clean any viruses out of the air. The car also has the best safety ratings of any SUV, a result of its low center of gravity and lack of a traditional engine. The Model X 90D costs $132,000, with a range of 257 miles and 0-60 of about 3.7 seconds; the P90D runs $142,000, 250 miles and 3.2-second acceleration.
If there’s ever a bioweapon attack, the safest place is your car. There’s actually a ‘bioweapon defense mode’ right there in the HVAC. We figure you shouldn’t have to think if you’re in an emergency.
Launch event announced
Tesla announces that the Model X will be launched on September, 29, in Fremont, California
Ludicrous Speed upgrade
Musk announces “Ludicrous Speed,” a $10,000 upgrade for the P85D Model S. The upgrade improves 0-60 time by 10 percent, to 2.8 seconds, with a quarter-mile sprint dropping to 10.9 seconds. The top speed increases to 155 miles per hour, 20 percent faster than on a standard P85D. The Model X will also have Ludicrous Speed as an option, but because that vehicle is 10 percent heavier than the S it will be slower.
Delivered 11,500 cars globally
Tesla announces its second-quarter delivery totals. The manufacturer delivered 11,507 Model S luxury electric cars from April 1 through June 30, its highest quarterly total to date, and brings Tesla’s global deliveries for the first half of 2015 to 21,537 cars. The company does not release monthly numbers.
Reveals timeline for Model 3
in an earnings call Musk reveals a tentative schedule for the Model 3, which is expected to cost $35,000 before government subsidies, saying the company plans to unveil the model in March 2016, and a sale date of mid 2017, but probably later.
I mean, we are hoping to show off the Model 3 in approximately March of next year. Again, like, don’t hold me to that month, but that’s, like — that’s our aspiration.
Adds battery into DemandLogic system
SolarCity incorporates the Tesla battery into its DemandLogic energy storage system to increase the utility cost savings customers can realize from using stored solar electricity. DemandLogic, which is being adopted by several of the largest retail, biotech and Internet companies in the U.S., allows businesses to reduce energy costs by using stored electricity to reduce peak demand, and can also provide backup power during grid outages. DemandLogic’s management software automates the discharge of stored energy to optimize savings on utility demand charges for customers.
Temporary plant shutdown
0 CommentsTesla Motors shuts down its California plant for two weeks to install new robots which are expected to boost production by 25%. The upgrade costs $100,000,000.
This represents the single biggest investment in the plant since we really started operations and enables us for higher volumes. It gets us ready to build X and to do it on the same line as the S.
Stolen Tesla crashes, splits in half
A stolen Tesla Model S split in two after a fiery crash in West Hollywood, Calif., following a police chase at speeds up to 100 miles per hour. The car apparently split after striking a pole at the end of the chase early Friday, resulting in injuries to several people. The chase began after a Tesla dealership reported the car was being tampered with on its lot. Video shows the Tesla’s rear end wedged between a wall at a synagogue, several dozen feet from the front half, which came to rest next to two other wrecked cars in the middle of the street. The car had split behind the front seats.
Veteran employment push
Tesla announces its plans to become one of America’s leading employers of military veterans. Tesla’s workforce is increasing rapidly as it expands production of its Model S, prepares its launch of the Model X crossover SUV and enters new overseas markets. The company now has more than 6,000 employees, and of those, 300 — or roughly 5 percent — are veterans, including its logistics director, former Navy officer Adam Plumpton. An additional 600 veteran candidates are in the hiring pipeline. The Company says:
We want to be known throughout the veteran community as a great place to work.Veterans are a great source of talent for Tesla, and we’re going after it.
Norway sales drops stock
0 CommentsTesla shares fall 4% after a sharp drop in Norwegian sales in June, selling 536 Model S vehicles in June, a fall from the 1,493 it sold in March.
Customer smashes windshield
0 CommentsMinutes after taking delivery of a white Tesla Model S in Beijing, Yu Xinquan took a wrench and smashes the front windshield of the one million yuan (about $173,600) vehicle. The disgruntled owner expected to be one of the first in China to take delivery of the Model S when he placed his order last October and became furious with Tesla when he discovered that his car had not even been built when others in the country had already received their cars. Tesla offered the use of one of their showroom cars until the customers car was ready for delivery, but Mr. Xinquan refused.
First deliveries in UK
The first five reservation holders claimed the keys to their new cars from Elon Musk himself, at an event at The Crystal in London. Musk tells reporters that pre-orders are already going well in the UK, adding that there’s already a four-month waiting list for customers getting hold of cars. UK specifications largely match those in the US, and pricing begins at £55,280 before the U.K.’s £5,000 ($8,400) government grant towards going electric. That price puts it at around $92,800 at current exchange rates.
2014 Annual Shareholder Meeting
0 CommentsThe meeting commences at the Computer History Museum, 1401 North Shoreline Boulevard, Mountain View, California. Elon Musk asks the audience if they have any questions. The conference suddenly morphs into an awkward spectacle when a self-described “super-genius” Roy Philipose confronted Musk and asks if he could be named vice chairman.
I would like to come on board as vice chairman of Tesla
4 – 5 more years as CEO
At the annual Tesla general shareholders meeting Musk announces that he plans to stay on as CEO for four or five years, or at least through volume production of Gen 3, the mass market, $35,000-a-year car.
No one is a CEO forever. Eventually they carry you out.
Norway’s best-selling vehicle
Norwegians registered nearly 1,500 Tesla Model S electric sedans in March, beating out the entire Ford product range as well as out-pacing the runner-up Volkswagen Golf by more than double. The figures makeup more than 10 percent of all vehicle registrations in the country.
Will install high-strength battery shields
Tesla announces plans to reinforce the undercarriage of about 16,000 cars with high-strength shields to reduce the risk of damage from a crash starting a fire. The NHTSA did not ask Tesla to issue a recall for the Model S. Tesla said the retrofits are voluntary and that federal regulators did not find a “safety-related defect trend.”