Does Tesla have a secret plan to disrupt yet another industry, maybe one that even Tesla doesn’t know about yet? Morgan Stanley analyst Adam Jonas is convinced of it, and believes that the potential profits will cause the TSLA stock price to double. On a recent media conference call, Jonas asked Elon Musk about Uber’s… Read more »
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Manhattan parking garages installing Tesla chargers
Dense megacities should be excellent EV habitat – except for the pesky fact that most residents live in apartments, making it difficult or impossible to install their own charging stations. With a view to removing this roadblock, Tesla has partnered with some of New York’s well-known parking companies, as well as a few hotels, like… Read more »
Tesla to raise $500 million – wait, make that $650 million – with new stock offering
Tesla has big plans – expensive plans. Tooling up for volume production of Model X, developing Model 3 for an unveiling next year, the Gigafactory, the new energy storage business, more charging infrastructure, the Snakebot charger, a new Roadster, the James Bond submarine/car, Hyperloop…good grief, this is going to require a pile of cash! To… Read more »
Tesla installs chargers at six Chinese shopping malls
Hang Lung Properties, a major Hong Kong real estate developer, has announced a collaboration with Tesla to install destination chargers at six shopping malls in mainland China. In the first stage of the project, 19 chargers will be installed at Hang Lung-owned malls in Tianjin, Wuxi, Shanghai, Shenyang, Jinan and Dalian. Hang Lung and Tesla… Read more »
Tesla trims projected production, stock stumbles
For Tesla, a quarterly earnings announcement often triggers a drop in the stock price, because nothing less than spectacular success can justify the company’s sky-high valuation. This time, the Seers of Silicon Valley really did disappoint, saying they expect to deliver “50,000 to 55,000” vehicles this year, backing off an earlier target of 55,000. Punishment… Read more »
Tesla reveals prototype of snakelike automatic charger
On December 31, 2014, Elon Musk tweeted: “We are actually working on a charger that automatically moves out from the wall & connects like a solid metal snake. For realz. This can be used with all existing Model S cars, not just future ones.” Musk first mentioned the automatic charging idea in October 2014 at… Read more »
Oil industry trade mag asks: Is Tesla’s Model S the beginning of the end for oil?
Not all in the oil industry are inclined to dismiss EVs as a passing fad. In a recent article in the trade magazine Alberta Oil, Max Fawcett writes, “The Tesla Model S is one of the most beautiful and interesting automobiles to ever get made. It might also be one of the most dangerous. That’s… Read more »
Tesla CTO JB Straubel: Stored solar energy will be cheaper than fossil fuels within 10 years
Tesla co-founder and CTO JB Straubel had some interesting things to say at the recent Intersolar North America conference. Savvy observers of the energy transition understand that the synergy between solar power and EVs is a critical part of the transition to electromobility, and Tesla, with its alliance with SolarCity and its new energy storage… Read more »
Tesla boosts battery performance to ludicrous levels
The Model S is just about the greatest car ever made, but it’s always had one major defect: there are a couple of other production vehicles that can beat it in a drag race. For those of us who wish to go beyond Insane, Tesla has introduced Ludicrous mode (the name is a reference to… Read more »
Tesla may not spend on advertising, but it is actively selling
A bit of conventional wisdom about Tesla, repeated often in the media, is that the company does no advertising – as Elon Musk has said, if you create a truly revolutionary product, the marketing takes care of itself. Tesla has not indulged in the mass marketing activities that are so important to other automakers –… Read more »