Michelle Maltais USA TODAY Published 4:36 PM EDT Apr 26, 2019 Sure, we know that Tesla brought sexy back – its lineup is literally S, 3, X, Y. What is actually "sexy" to me is this car being in reach for more than just the super wealthy with more tens of thousands to spare than I could dream of. I've been more the target for cars like the Honda CR-V and Toyota Corolla. Still, I've long admired Teslas' sleek look, innovation and the complete detachment from L.A.'s $4 gas. But that was definitely from a very disengaged distance, not really daring to aspire to drive let alone own one myself. That changed in December. At the end of 2018, my husband and I got our his-and-hers Model 3s for Christmas, fulfilling his dream to prove me wrong. (When he pitched the idea when the Model 3 was first announced, I told him he was kidding. It wasn't a question.) Initially an experience reserved for the luxury buyer, owning a Tesla is now comparable to a … [Read more...] about Tesla: Could family’s new Model 3s pay for themselves as robotaxis?
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Motoring by Press Association 15/03/2019, 11:40 am Send us a story Sign up to our Daily newsletter Tesla has unveiled its new Model Y – a compact, budget-friendly electric crossover that will serve as the Model 3’s slightly bulkier sibling. The company’s fourth model to hit full production was unveiled by Tesla CEO Elon Musk at a launch event in Los Angeles last night. The Model Y is set to begin production late in 2020, with a proposed starting price of $47,000 (£35,460), though a standard-range model would be available from 2021 for $39,000 – $4,000 more than the Model 3 on which it’s based. Though that translates to just £26,400, it’s unlikely that the Model Y would make it to British shores without a significant price increase. Justifying that price tag is the Model Y’s larger body. It’s shaped as a compact crossover, giving it a high-set driving position, hatchback rear and space for seven … [Read more...] about Tesla unveils new Model Y electric crossover
Tesla has officially launched its second mass-market car, the Model Y. The electric vehicle was unveiled in Los Angeles on Thursday with the company announcing that the first release will be a long-range version at a price of $47,000 (£35,489). It will be able to travel up to 300 miles before it needs recharging, whereas the standard-range version, set for release by 2021, will have a range of 230 miles. Chief executive Elon Musk confirmed the standard-range car would be more affordable at a price of $39,000. It comes after a challenging period for Tesla leading on from the launch of the Model 3 in 2017 - the cheapest car in the range. The company has suffered from production issues and threatened job cuts at the start of the year only to change its stance, while Musk has also been embroiled in controversy for tweeting about taking the firm private. The Model 3 was originally priced at $50,000 but has now been reduced to $35,000. Model Y is 10 per cent bigger than the Model … [Read more...] about Tesla launches new Model Y to enter SUV market
Motoring by Press Association 03/01/2019, 1:15 pm FacebookTwitterWhatsAppEmail Send us a story Sign up to our Daily newsletter Shares in the US electric car manufacturer Tesla have fallen after the company revealed it missed its target for deliveries in the fourth quarter of 2018. It delivered 90,700 vehicles during the last three months of the year – up from 29,870 the previous year. But deliveries of the latest Model 3 saloon fell short of the 64,900 analysts expected, with 63,150 delivered. Model S and Model X deliveries also narrowly missed Tesla’s target of 100,000 units delivered in 2018, reaching 99,394 across the whole year. In addition, the firm suffered after announcing a $2,000 (circa £1,592) price cut across its model range, in response to the US government slicing a federal tax credit in half. Buyers were previously eligible to claim $7,500 (circa £5,969) off the price of a new electric car, but for the next six months can only … [Read more...] about Tesla shares plummet after sales fail to hit targets
Last year, with his back to the wall, Elon Musk finally proved that Tesla could ramp up production levels for its new Model 3 significantly — even if it came later and in lower volumes than he once promised.This year, he will have to go one better. Producing at scale is no longer enough. Mr Musk is finally reaching the moment of truth for his would-be mass market electric car: Can he get the price to a low enough point to generate truly widespread demand, while still generating the sort of profit to justify his company’s valuation? After all, Tesla is still worth more than General Motors, which sold about 40 times as many cars last year.Based on the evidence released on Wall Street’s first trading day of the new year, the signs are hardly encouraging. By rights, Tesla should have had a blowout quarter at the end of last year. It has finally been producing enough Model 3s to start eating into its demand backlog, and has sorted out the worst of its delivery … [Read more...] about Tesla’s mass-market promise is disappearing over the horizon