Lotus ups the ante on the electric hypercar with the Evija: 2,000 hp, 200 mph at $2 million

The Lotus Evija electric hypercar, manufactured by Group Lotus Plc, a unit of Zhejiang Geely Holding Group Co Ltd., sits on display following its unveiling at the Royal Horticultural Halls in London, U.K., on Tuesday, July 16, 2019. “The Lotus Evija is a car like no other,” Lotus CEO Phil Popham in a statement announcing the new model. The rear of a Lotus Evija electric hypercar. Known internally as the Type 130 — which represents the number of different models Lotus has designed over the years


The Lotus Evija electric hypercar, manufactured by Group Lotus Plc, a unit of Zhejiang Geely Holding Group Co Ltd., sits on display following its unveiling at the Royal Horticultural Halls in London, U.K., on Tuesday, July 16, 2019. “The Lotus Evija is a car like no other,” Lotus CEO Phil Popham in a statement announcing the new model. The rear of a Lotus Evija electric hypercar. Known internally as the Type 130 — which represents the number of different models Lotus has designed over the years
Lotus ups the ante on the electric hypercar with the Evija: 2,000 hp, 200 mph at $2 million Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-07-18  Authors: paul a eisenstein
Keywords: news, cnbc, companies, latest, electric, model, horsepower, lotus, million, ante, hp, 2000, mph, models, seconds, evija, ups, hypercar


Lotus ups the ante on the electric hypercar with the Evija: 2,000 hp, 200 mph at $2 million

The Lotus Evija electric hypercar, manufactured by Group Lotus Plc, a unit of Zhejiang Geely Holding Group Co Ltd., sits on display following its unveiling at the Royal Horticultural Halls in London, U.K., on Tuesday, July 16, 2019. Bloomberg | Bloomberg | Getty Images

It’s been 11 year since Lotus Cars introduced a new model, so it’s making sure the first car out of that drought won’t get lost in the crowd. The new Evija — pronounced “e-VY-a” – is an all-electric hypercar that can zap out nearly 2,000 horsepower, enough to launch it from 0 to 60 in less than three seconds, with a top speed of more than 200 mph. Since it won’t come out until next year, potential buyers will have time to start counting pennies. Lots of them, as the Evija, will go for just over $2 million at current exchange rates. The Evija is the latest in a growing list of all-electric exotics coming to market, a list that already includes the Rimac C Two and Pininfarina Battista, with Tesla promising similar performance numbers out of the second-generation Roadster currently under development. Meanwhile, a number of automakers are using various hybrid technologies to give their own high-performance models a boost, including Alfa Romeo and even Ferrari. “The Lotus Evija is a car like no other,” Lotus CEO Phil Popham in a statement announcing the new model. “It will reestablish our brand in the hearts and minds of sports car fans and on the global automotive stage. It will also pave the way for further visionary models.”

The rear of a Lotus Evija electric hypercar. Chris Ratcliffe | Bloomberg | Getty Images

Lotus clearly needed to make a statement with this car. The British brand has faced some major problems in recent years. Plans to roll out five new models fell apart when its Malaysian parent, Proton, fired CEO Dany Bahar in 2012, and some questioned whether Lotus would survive. Five years later, however, it was taken over by China’s Geely, which had already acquired Sweden’s Volvo. The Evija is the first in an assortment of new models that the deep-pocketed Geely, which bought a 51% stake in Lotus in 2017, promises to bring to market. Known internally as the Type 130 — which represents the number of different models Lotus has designed over the years — only 130 copies are planned. Under founder Colin Chapman, a legendary racer who died in 1982 at just 54, Lotus adopted the mantra, “simplify, then add lightness,” something clearly visible in its aging lineup of models like the little Elise. The Evija doesn’t quite live up to that, weighing in 3,703 pounds. But a disproportionate share of that is for the battery pack. Lotus engineers have offset some of the mass by adopting an ultra-light carbon fiber chassis for the hypercar. At peak, the pack can punch out a whopping 2,000 kilowatts, or more than ten times what a typical U.S. home can handle. That’s directed to four motor-generators, one per wheel, each producing a peak 493 horsepower, 1,971 overall. Torque is rated at a combined 1,245 pound-feet. That will get you from 0 to 100 kmh, or 62 mph, in less than three seconds, according to Lotus, and 300 kmh, or 186 mph, in under nine. The Lotus Evija will top out at around 217 mph.

The Lotus Evija electric hypercar, manufactured by Group Lotus Plc. Chris Ratcliffe | Bloomberg | Getty Images

The British marque also claims to have the world’s fastest charging battery pack, capable of going from completely depleted to 80% of 70 kilowatt-hour capacity in 18 minutes. That will require one of the brand new 800-volt, 350-kilowatt Level 3 fast chargers that are just beginning to be rolled out in Europe and the U.S. Evija is expected to deliver 250 miles per charge, according to Lotus, but that’s using the European WLTP test cycle. Expect something just north of 200-miles range if the electric hypercar ever makes it to the U.S. — something that Lotus has not yet confirmed. If it does, however, it may have to make some changes to the hypercar. Among other things, U.S. regulators have not yet approved the use of the fender-mounted cameras that Evija replaces traditional mirrors with in order to improve its aerodynamics. While electric vehicles initially earned a reputation for being slow and stodgy and offering limited range, that is no longer the case. The latest batteries can carry significantly more energy and new motors can greedily make use of all that power. A key advantage is that they deliver maximum tire-spinning torque all but instantaneously.

The Pininfarina Battista hypercar H/O: Automobili Pininfarina

As a result, there are a flood of exotic manufacturers hoping to appeal to well-heeled performance fans. Croatia’s Rimac also claims to make about 2,000 horsepower in its latest model, the C Two, with an estimated 0 to 60 time of under two seconds. Italy’s Pininfarina says the Battista hypercar will make 1,900 horsepower and match the Rimac’s 0 to 60 run. Tesla expects to bring similarly lofty numbers to the street with the upcoming Roadster redux. Some manufacturers prefer to use electric boost on their highest-performance models. That includes Alfa Romeo, Maserati and Ferrari. The latter of the three Italian marques recently introduced its new SF90 Stradale which pairs three electric motors with a 4.0-liter V-8, the combined output coming to 986 horsepower. That might seem modest in comparison with the Evija, C Two and Battista, but it’s enough to launch the latest model from the prancing pony brand to 60 in 2.5 seconds with a top speed also rated at 217 mph.


Company: cnbc, Activity: cnbc, Date: 2019-07-18  Authors: paul a eisenstein
Keywords: news, cnbc, companies, latest, electric, model, horsepower, lotus, million, ante, hp, 2000, mph, models, seconds, evija, ups, hypercar


Home Forums

    • Forum
    • Topics
    • Posts
    • Last Post

The UK government wants to fit all new homes with charging points for electric cars

The UK government unveiled plans which could see all new-build homes fitted with electric-car charging points. In addition, authorities want all newly-installed rapid and higher-powered public charge points to take debit or credit card payments by the spring of 2020. Currently, electric car users can apply for a grant of up to £500 off the cost of installing a charge point at their residence. Worldwide electric car sales hit 1.98 million in 2018, according to the International Energy Agency (IEA


The UK government unveiled plans which could see all new-build homes fitted with electric-car charging points. In addition, authorities want all newly-installed rapid and higher-powered public charge points to take debit or credit card payments by the spring of 2020. Currently, electric car users can apply for a grant of up to £500 off the cost of installing a charge point at their residence. Worldwide electric car sales hit 1.98 million in 2018, according to the International Energy Agency (IEA
The UK government wants to fit all new homes with charging points for electric cars Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-07-15  Authors: anmar frangoul
Keywords: news, cnbc, companies, points, car, fit, uk, charging, cars, electric, charge, homes, plans, million, iea, newbuild, vehicles, wants


The UK government wants to fit all new homes with charging points for electric cars

The UK government unveiled plans which could see all new-build homes fitted with electric-car charging points.

The plans, which were laid out in a consultation published Monday, would look to support what the government described as “the growing uptake of electric vehicles within the U.K.”

If put into practice, all new-build homes with dedicated parking spaces would have charging points to make vehicle charging cheaper and more convenient for drivers.

In addition, authorities want all newly-installed rapid and higher-powered public charge points to take debit or credit card payments by the spring of 2020.

In a statement Monday, Transport Secretary Chris Grayling said that there was “an appetite for cleaner, greener transport.”

“Home charging provides the most convenient and low-cost option for consumers — you can simply plug your car in to charge overnight as you would a mobile phone,” Grayling added.

Currently, electric car users can apply for a grant of up to £500 off the cost of installing a charge point at their residence.

While electric vehicles are becoming the car of choice for an increasing number of drivers, they nevertheless face challenges, not least when it comes to perceptions surrounding range and charging infrastructure.

Worldwide electric car sales hit 1.98 million in 2018, according to the International Energy Agency (IEA), with global stock reaching 5.12 million. China’s electric car market is the biggest on the planet, the IEA says, with Europe and the U.S. following behind.


Company: cnbc, Activity: cnbc, Date: 2019-07-15  Authors: anmar frangoul
Keywords: news, cnbc, companies, points, car, fit, uk, charging, cars, electric, charge, homes, plans, million, iea, newbuild, vehicles, wants


Home Forums

    • Forum
    • Topics
    • Posts
    • Last Post

Here are the biggest analyst calls of the day: General Electric, Molson Coors, Deere & more

Credit Suisse lowered its price target on Boeing and said it still expected the Max to be recertified “at some point.” “Barring an unforeseen catastrophe, we believe the MAX will be recertified at some point (though timing remains uncertain), which should presage a return to normal production and delivery rates. Though the timeline has been extended, normalized free cash should plateau around $32-37 per share in the 2022 timeframe. Accordingly, long term investors may be rewarded for their patie


Credit Suisse lowered its price target on Boeing and said it still expected the Max to be recertified “at some point.” “Barring an unforeseen catastrophe, we believe the MAX will be recertified at some point (though timing remains uncertain), which should presage a return to normal production and delivery rates. Though the timeline has been extended, normalized free cash should plateau around $32-37 per share in the 2022 timeframe. Accordingly, long term investors may be rewarded for their patie
Here are the biggest analyst calls of the day: General Electric, Molson Coors, Deere & more Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-07-15  Authors: michael bloom
Keywords: news, cnbc, companies, max, biggest, deere, calls, timeline, term, timing, molson, electric, analyst, coors, recertified, target, general, suisse, day, timeframe, unforeseen, uncertain


Here are the biggest analyst calls of the day: General Electric, Molson Coors, Deere & more

Credit Suisse lowered its price target on Boeing and said it still expected the Max to be recertified “at some point.”

“Barring an unforeseen catastrophe, we believe the MAX will be recertified at some point (though timing remains uncertain), which should presage a return to normal production and delivery rates. Though the timeline has been extended, normalized free cash should plateau around $32-37 per share in the 2022 timeframe. Accordingly, long term investors may be rewarded for their patience, though we are increasingly concerned that a macro slowdown may derail plans to hike to rate 57 in 2021/22.”


Company: cnbc, Activity: cnbc, Date: 2019-07-15  Authors: michael bloom
Keywords: news, cnbc, companies, max, biggest, deere, calls, timeline, term, timing, molson, electric, analyst, coors, recertified, target, general, suisse, day, timeframe, unforeseen, uncertain


Home Forums

    • Forum
    • Topics
    • Posts
    • Last Post

Ford, VW to announce new partnership to invest billions in autonomous and electric vehicles

Jim Hackett (r), CEO of Ford, and Herbert Diess, CEO of VW, at the Detroit auto show last January. Ford and Volkswagen plan to announce Friday new joint ventures on autonomous and electric vehicles, two technologies considered critical to the future of the auto industry. Ford and VW have been discussing ways to team up on a variety of business operations for more than a year. The collaboration on autonomous and electric vehicles has taken longer than many observers had expected, some anticipatin


Jim Hackett (r), CEO of Ford, and Herbert Diess, CEO of VW, at the Detroit auto show last January. Ford and Volkswagen plan to announce Friday new joint ventures on autonomous and electric vehicles, two technologies considered critical to the future of the auto industry. Ford and VW have been discussing ways to team up on a variety of business operations for more than a year. The collaboration on autonomous and electric vehicles has taken longer than many observers had expected, some anticipatin
Ford, VW to announce new partnership to invest billions in autonomous and electric vehicles Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-07-11  Authors: paul a eisenstein
Keywords: news, cnbc, companies, billions, executives, partnership, ford, vehicles, ceo, companies, electric, vehicle, joint, autonomous, vw, volkswagen, announce, invest


Ford, VW to announce new partnership to invest billions in autonomous and electric vehicles

Jim Hackett (r), CEO of Ford, and Herbert Diess, CEO of VW, at the Detroit auto show last January.

Ford and Volkswagen plan to announce Friday new joint ventures on autonomous and electric vehicles, two technologies considered critical to the future of the auto industry.

The deal calls for “billions of dollars” in investments and will allow the companies to share both intellectual property and hardware, according to company executives with first-hand knowledge of the negotiations.

The companies have scheduled a joint press conference at 8 a.m. ET in New York Friday, saying they will “provide an update on their global alliance” and “share details of new collaborations also aimed at better serving their customers while improving each company’s competitiveness and capital efficiency.”

The companies declined to provide further details on their announcement.

But the executives, who asked not to be identified because the deal wasn’t yet public, say Volkswagen will provide Ford with access to the underlying platform that will anchor dozens of electric vehicles the German automaker plans to bring to market by mid-decade.

VW also will become an investor in Argo AI, a Pittsburgh-based research firm specializing in autonomous vehicle development, the executives said. Ford became a lead investor in Argo in 2017 with an initial investment of $1 billion.

Ford and VW have been discussing ways to team up on a variety of business operations for more than a year. In January, they announced their first tie-up, a joint venture focused on commercial vehicles, such as the Ford Transit van.

At the time, officials from both companies confirmed they were looking at other opportunities.

“In such [a competitive] environment, it just makes sense to share investments, pool innovation capabilities and create scale effects that are clearly defined,” Volkswagen CEO Herbert Diess said at the time.

Scale will be one of the benefits the two manufacturers hope to leverage with the joint ventures, both of which are being presented to the Ford and VW boards for final sign-off Thursday, the executives said. Together, the automakers produced about 18 million vehicles in 2018, or roughly 20% of the global new vehicle market.

As part of the new joint venture, Volkswagen will also invest in Argo, which operates as an independent company. One of the executives said VW’s investment in Argo will “be in the billions,” reflecting the significant increase in value of the tech firm since Ford took its stake more than two years ago.

The collaboration on autonomous and electric vehicles has taken longer than many observers had expected, some anticipating the expansion of the alliance would come by early to mid-Spring.

There proved to be a number of potential roadblocks. Among other things, Ford President Jim Farley told CNBC earlier this year that the timing of the separate electric vehicle programs run by the two manufacturers didn’t initially sync up.

The race to come up with self-driving vehicles has been joined by dozens of global automakers, as well as tech companies like Waymo and China’s Pony.ai. A study released by AlixPartners last month estimated the industry’s annual spending on autonomous driving and electric vehicles will reach a combined $85 billion and $225 billion, respectively, by 2025.

That is something that will strain corporate budgets, drive down profits and lead to even more joint ventures like the one Ford and VW are announcing, said Mark Wakefield, the head of the consulting firm’s auto practice.

It could also lead to “consolidation happening in the next couple of years,” James Peng, the co-founder and CEO of Pony.ai said on an interview on CNBC that aired Wednesday.

Volkswagen has committed 9 billion euros, or more than $10 billion, on its “electrification” program so far. That includes hybrids, plug-ins and pure battery-electric vehicles, or BEVs, with for nearly 50 different hybrid and electric vehicles by 2025 through its various brands, including its flagship VW, as well as Porsche, Audi and Bentley.

In March, CEO Diess increased the German automaker’s estimate of BEV sales over the next decade from 15 million to 22 million euros, declaring, “The supertanker is picking up speed.”

The joint venture, as it currently stands, calls for VW to provide Ford with access to its MEB platform which serves as a base for the ID.3, the first long-range all-electric Volkswagen model, as well as a range of other products to be sold by brands such as Audi. The deal isn’t expected to give Ford access to a more advanced electric vehicle platform that will be used for VW’s high-line models such as the Audi e-tron GT set to go on sale in a couple years.

Argo AI will set up its first office in Europe to work closely with VW, said one of the executives. The company’s currently testing modified Ford products in 5 U.S. cities and will add similar programs in Europe.

Ford, which has committed $11 billion to battery-car development will share some of its own know-how, but not all of it. The U.S. automaker is developing its own long-range BEV platform which will make its debut later this year in a high-performance, “Mustang-influenced” SUV. And VW will not participate in the new joint venture pairing Ford with Rivian, a battery-electric vehicle start-up based in the Detroit suburbs.


Company: cnbc, Activity: cnbc, Date: 2019-07-11  Authors: paul a eisenstein
Keywords: news, cnbc, companies, billions, executives, partnership, ford, vehicles, ceo, companies, electric, vehicle, joint, autonomous, vw, volkswagen, announce, invest


Home Forums

    • Forum
    • Topics
    • Posts
    • Last Post

India hopes making electric vehicles cheaper will get more people to buy them

India is pushing to become a global manufacturing hub for electric vehicles after the government offered financial incentives to spur demand and eased several regulatory restrictions. Finance Minister Nirmala Sitharaman last Friday presented the country’s new budget where she said her government will provide additional income tax deduction of 150,000 rupees (about $2,185) on the interest paid on loans to purchase electric vehicles. “The government is trying to create demand, to spur demand, and


India is pushing to become a global manufacturing hub for electric vehicles after the government offered financial incentives to spur demand and eased several regulatory restrictions. Finance Minister Nirmala Sitharaman last Friday presented the country’s new budget where she said her government will provide additional income tax deduction of 150,000 rupees (about $2,185) on the interest paid on loans to purchase electric vehicles. “The government is trying to create demand, to spur demand, and
India hopes making electric vehicles cheaper will get more people to buy them Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-07-08  Authors: saheli roy choudhury
Keywords: news, cnbc, companies, electric, targeting, vehicles, buy, india, manufacturers, rupees, demand, hopes, making, youre, cheaper, spur, gupta


India hopes making electric vehicles cheaper will get more people to buy them

India is pushing to become a global manufacturing hub for electric vehicles after the government offered financial incentives to spur demand and eased several regulatory restrictions.

Finance Minister Nirmala Sitharaman last Friday presented the country’s new budget where she said her government will provide additional income tax deduction of 150,000 rupees (about $2,185) on the interest paid on loans to purchase electric vehicles. Electric vehicle buyers can accrue around 250,000 rupees in total benefits over their entire loan period, she said.

“The government is trying to create demand, to spur demand, and thus help (original equipment manufacturers),” Puneet Gupta, associate director of automotive forecasting at IHS Markit, told CNBC. Gupta explained that car manufacturers in India have said that the lack of demand deters them from producing higher quantities of electric vehicles.

“I think the first thing is to kickstart the demand because, right now, if you see, we’re selling less than 2,000 electric vehicles in a year, which is almost negligible,” Gupta said, adding that India has about 4 million light vehicles — cars, SUVs, and light trucks — today. “You’re not targeting the mass, you’re still targeting a limited population.”


Company: cnbc, Activity: cnbc, Date: 2019-07-08  Authors: saheli roy choudhury
Keywords: news, cnbc, companies, electric, targeting, vehicles, buy, india, manufacturers, rupees, demand, hopes, making, youre, cheaper, spur, gupta


Home Forums

    • Forum
    • Topics
    • Posts
    • Last Post

Tesla stock surges after setting new delivery and production records

Tesla shares surged Tuesday after the electric auto maker said it shattered its previous production and delivery records during the second quarter, soundly beating analysts’ estimates. The company’s stock jumped by about 7% in after-market trading. Tesla also hinted at a strong third quarter, saying it’s entering the period with a backlog of orders. CEO Elon Musk set investors’ expectations high in a companywide email on June 25, saying the electric car maker was on course to deliver a record nu


Tesla shares surged Tuesday after the electric auto maker said it shattered its previous production and delivery records during the second quarter, soundly beating analysts’ estimates. The company’s stock jumped by about 7% in after-market trading. Tesla also hinted at a strong third quarter, saying it’s entering the period with a backlog of orders. CEO Elon Musk set investors’ expectations high in a companywide email on June 25, saying the electric car maker was on course to deliver a record nu
Tesla stock surges after setting new delivery and production records Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-07-02  Authors: elijah shama
Keywords: news, cnbc, companies, set, setting, quarter, previous, delivery, records, maker, stock, saying, surges, deliveries, record, number, production, electric, tesla


Tesla stock surges after setting new delivery and production records

Tesla shares surged Tuesday after the electric auto maker said it shattered its previous production and delivery records during the second quarter, soundly beating analysts’ estimates.

The company’s stock jumped by about 7% in after-market trading. Tesla also hinted at a strong third quarter, saying it’s entering the period with a backlog of orders.

CEO Elon Musk set investors’ expectations high in a companywide email on June 25, saying the electric car maker was on course to deliver a record number of vehicles throughout the quarter. He wasn’t exaggerating. The company delivered 95,200 cars during the the three months ending June 30 — a 51.1% increase over an admittedly weak first quarter and besting its previous record of 90,700 deliveries set in the fourth quarter of 2018.

Tesla’s deliveries are a closely watched industry number and the nearest reflection of sales, showing how many cars were actually delivered to customers.

“Challenges remain, but this is a step in the right direction,” said Wedbush analyst Dan Ives. “The numbers were above even the bull estimates and shows a clear rebound for the company. This is a feather in the cap for Tesla.”


Company: cnbc, Activity: cnbc, Date: 2019-07-02  Authors: elijah shama
Keywords: news, cnbc, companies, set, setting, quarter, previous, delivery, records, maker, stock, saying, surges, deliveries, record, number, production, electric, tesla


Home Forums

    • Forum
    • Topics
    • Posts
    • Last Post

Tesla’s record delivery number bodes well for the ‘green car’ industry, says former Chrysler exec

Tesla shares jumped more than 7% in extended trading after announcing 95,200 vehicle deliveries in the second quarter, topping expectations of 91,000, according to analysts surveyed by FactSet. “I think demand was there,” Jim Press, a longtime auto executive who was president of Chrysler and Toyota. The electric vehicle company did not release a regional breakdown of its second-quarter deliveries, but Press said the electric vehicle market is growing. Press said he expects to see more competitio


Tesla shares jumped more than 7% in extended trading after announcing 95,200 vehicle deliveries in the second quarter, topping expectations of 91,000, according to analysts surveyed by FactSet. “I think demand was there,” Jim Press, a longtime auto executive who was president of Chrysler and Toyota. The electric vehicle company did not release a regional breakdown of its second-quarter deliveries, but Press said the electric vehicle market is growing. Press said he expects to see more competitio
Tesla’s record delivery number bodes well for the ‘green car’ industry, says former Chrysler exec Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-07-02  Authors: jesse pound, elijah shama
Keywords: news, cnbc, companies, exec, teslas, chrysler, quarter, production, delivery, press, demand, vehicles, united, car, vehicle, industry, deliveries, bodes, record, number, green, electric, tesla


Tesla's record delivery number bodes well for the 'green car' industry, says former Chrysler exec

A record quarter for deliveries by Tesla is further proof that the market for green vehicles in the United States is expanding and that Tesla does not have demand issues, a former executive at Chrysler and Toyota told CNBC on Tuesday.

Tesla shares jumped more than 7% in extended trading after announcing 95,200 vehicle deliveries in the second quarter, topping expectations of 91,000, according to analysts surveyed by FactSet. The company delivered just 63,000 vehicles in its first quarter as the electric auto maker was plagued by production issues, but that disappointing number also led analysts to question whether Tesla had a demand issue.

“I think demand was there,” Jim Press, a longtime auto executive who was president of Chrysler and Toyota. said on “Closing Bell. ” “I think a lot of this quarter was really done by stoking up production. They had a lot of unfilled orders, especially outside the United States.”

Tesla CEO Elon Musk has been stressing to investors that there is a healthy appetite for Tesla vehicles, saying at a shareholders’ meeting last month, “I want to be clear: There is not a demand problem.”

The company’s biggest seller was the Model 3, which saw 77,550 deliveries. This also beat expectations, as analysts surveyed by FactSet had an estimate of 74,100.

The electric vehicle company did not release a regional breakdown of its second-quarter deliveries, but Press said the electric vehicle market is growing.

“If you look at Tesla’s production, half of their sales up to the beginning of this year have been in the state of California,” Press said. “A lot of this growth now for them has been outside of California, and that shows that demand is growing for green vehicles throughout the country, and actually in other markets as well outside the United States.”

Press said he expects to see more competition from major manufacturers for Tesla in the green car market in the coming quarters.

Gene Munster, a venture capitalist and Tesla bull, said Tuesday that the electric auto maker’s deliveries show it is taking a “powerful step forward” after being plagued by production issues and executive departures.

Munster said the company appears to be working through its manufacturing problems, and in fact may not have a manufacturing problem.

“Something bigger is going on here,” the former longtime tech analyst and founder of Loup Ventures said on CNBC’s “Fast Money. ” “Electric cars are undoubtedly the future here.”


Company: cnbc, Activity: cnbc, Date: 2019-07-02  Authors: jesse pound, elijah shama
Keywords: news, cnbc, companies, exec, teslas, chrysler, quarter, production, delivery, press, demand, vehicles, united, car, vehicle, industry, deliveries, bodes, record, number, green, electric, tesla


Home Forums

    • Forum
    • Topics
    • Posts
    • Last Post

The electric flight era is closer than you think

The electric flight era is closer than you think1:46 PM ET Wed, 26 June 2019Electric planes have been talked about as a possibility for many years, but now they’re on the tarmac and even up in the air. So can the world’s jet-setters start preparing to actually fly electric?


The electric flight era is closer than you think1:46 PM ET Wed, 26 June 2019Electric planes have been talked about as a possibility for many years, but now they’re on the tarmac and even up in the air. So can the world’s jet-setters start preparing to actually fly electric?
The electric flight era is closer than you think Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-06-28
Keywords: news, cnbc, companies, preparing, start, think, theyre, talked, tarmac, worlds, electric, possibility, closer, planes, era, think146, flight


The electric flight era is closer than you think

The electric flight era is closer than you think

1:46 PM ET Wed, 26 June 2019

Electric planes have been talked about as a possibility for many years, but now they’re on the tarmac and even up in the air. So can the world’s jet-setters start preparing to actually fly electric?


Company: cnbc, Activity: cnbc, Date: 2019-06-28
Keywords: news, cnbc, companies, preparing, start, think, theyre, talked, tarmac, worlds, electric, possibility, closer, planes, era, think146, flight


Home Forums

    • Forum
    • Topics
    • Posts
    • Last Post

Credit Suisse initiates Tesla coverage, sees 15% downside amid competition

Analysts at Credit Suisse initiated coverage of Tesla Wednesday with a relatively bearish outlook on the electric vehicle maker, thanks in part to ambitious, old-school competitors like Volkswagen. For Model 3 manufacturing, Levy pointed to a 2018 tweet in which outspoken Tesla CEO Elon Musk called it “production hell.” As a framework to value the stock, Credit Suisse took the approach of comparing it to another “niche” auto industry incumbent: Volkswagen. “Both automakers are treating the long-


Analysts at Credit Suisse initiated coverage of Tesla Wednesday with a relatively bearish outlook on the electric vehicle maker, thanks in part to ambitious, old-school competitors like Volkswagen. For Model 3 manufacturing, Levy pointed to a 2018 tweet in which outspoken Tesla CEO Elon Musk called it “production hell.” As a framework to value the stock, Credit Suisse took the approach of comparing it to another “niche” auto industry incumbent: Volkswagen. “Both automakers are treating the long-
Credit Suisse initiates Tesla coverage, sees 15% downside amid competition Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-06-26  Authors: kate rooney
Keywords: news, cnbc, companies, sees, electric, 15, initiates, industry, amid, vehicle, suisse, competition, risks, electrification, credit, tesla, downside, stock, manufacturing, levy, coverage


Credit Suisse initiates Tesla coverage, sees 15% downside amid competition

A Tesla Model S is displayed during the London Motor and Tech Show at ExCel on May 16, 2019 in London, England.

Analysts at Credit Suisse initiated coverage of Tesla Wednesday with a relatively bearish outlook on the electric vehicle maker, thanks in part to ambitious, old-school competitors like Volkswagen.

Analyst Dan Levy came out with a $189 price target — roughly 15% below where the stock closed on Wednesday — and an “underperform” rating on the stock based on the view that the stock does not reflect key profit risks at its current levels. While Tesla is leading in areas like electrification and software that will “define the future of carmaking,” according to Levy “it faces risks ahead – reflected in our below-consensus estimates.”

“While we see clear growth ahead for Tesla, we believe its volume trajectory more likely positions it as a niche automaker,” he said in a note to clients Wednesday. “While we appreciate Tesla’s edge, we nevertheless believe the risks ahead must be acknowledged.”

Tesla shares are down 34% year to date amid weaker demand for its electric cars and questions about manufacturing. For Model 3 manufacturing, Levy pointed to a 2018 tweet in which outspoken Tesla CEO Elon Musk called it “production hell.”

“While it has shown an ability to demonstrate consistent improvement, it is arguably not yet at a manufacturing consistency level similar to other automakers,” Levy said.

As a framework to value the stock, Credit Suisse took the approach of comparing it to another “niche” auto industry incumbent: Volkswagen. Both are betting on a long-term industry shift to electric. But VW is the “definition of an industry incumbent” selling more vehicles annually than any other automaker in the world and more than 40x Tesla’s volume in 2018, Levy said. Through that lens, Tesla is a “small newcomer to an industry which has historically had extremely high barriers to entry.”

“The Tesla vs. VW debate could be relevant for the next decade or more,” he said. “Both automakers are treating the long-term industry shift to vehicle electrification as an existential matter. Yet they are coming from vastly different positions.”

Levy pointed to VW’s going “all in” on electric cars and commitments to launch 70 new battery electric vehicle cars in the next decade and invest more than $34 billion around vehicle electrification, he said. To be sure though, Levy said Tesla does have some key advantages over legacy automakers including lower battery costs.

“Despite the myriad challenges facing Tesla, we believe Tesla deserves due credit,” he said.

WATCH: Watch the highlights from Elon Musk speaking at Tesla shareholder meeting


Company: cnbc, Activity: cnbc, Date: 2019-06-26  Authors: kate rooney
Keywords: news, cnbc, companies, sees, electric, 15, initiates, industry, amid, vehicle, suisse, competition, risks, electrification, credit, tesla, downside, stock, manufacturing, levy, coverage


Home Forums

    • Forum
    • Topics
    • Posts
    • Last Post

All-electric jet firm Eviation announces US regional airline as first customer, predicts delivery in 2022

Eviation chief executive Omer Bar-Yohay reveals future plans for his company’s nine-seat electric plane at the 2019 Paris Air Show. PARIS — The Israeli start-up Eviation announced at the Paris Air Show that U.S regional airline Cape Air is to buy its electric aircraft. Eviation is developing a nine-passenger aircraft designed to fly up to 650 miles at around 240 knots (276 miles per hour). The electric plane — called Alice with a prototype being unveiled at the show this week — is designed for t


Eviation chief executive Omer Bar-Yohay reveals future plans for his company’s nine-seat electric plane at the 2019 Paris Air Show. PARIS — The Israeli start-up Eviation announced at the Paris Air Show that U.S regional airline Cape Air is to buy its electric aircraft. Eviation is developing a nine-passenger aircraft designed to fly up to 650 miles at around 240 knots (276 miles per hour). The electric plane — called Alice with a prototype being unveiled at the show this week — is designed for t
All-electric jet firm Eviation announces US regional airline as first customer, predicts delivery in 2022 Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-06-18  Authors: david reid
Keywords: news, cnbc, companies, firm, announces, customer, future, electric, hour, executive, predicts, miles, paris, eviation, regional, delivery, expected, plane, allelectric, airline, air, omer, jet


All-electric jet firm Eviation announces US regional airline as first customer, predicts delivery in 2022

Eviation chief executive Omer Bar-Yohay reveals future plans for his company’s nine-seat electric plane at the 2019 Paris Air Show.

PARIS — The Israeli start-up Eviation announced at the Paris Air Show that U.S regional airline Cape Air is to buy its electric aircraft.

Eviation is developing a nine-passenger aircraft designed to fly up to 650 miles at around 240 knots (276 miles per hour). A commercial jet would cruise around 500 miles per hour. The electric plane — called Alice with a prototype being unveiled at the show this week — is designed for the sort of distances usually conducted by train.

Cape Air is set to buy a “double-digit” number of the plane which has a list price of around $4 million each. It’s expected that any customer would be able to negotiate a smaller figure.

The company’s chief executive, Omer Bar-Yohay, told a press conference Tuesday that he expected to receive certification by late 2021, with deliveries predicted for 2022.

“This aircraft is not some future maybe. It is there, ready and waiting,” he said.

Bar-Yohay cited the contributions from Honeywell who built the plane’s controls as well as Siemens, and magniX who provided the electric motor and related functions.


Company: cnbc, Activity: cnbc, Date: 2019-06-18  Authors: david reid
Keywords: news, cnbc, companies, firm, announces, customer, future, electric, hour, executive, predicts, miles, paris, eviation, regional, delivery, expected, plane, allelectric, airline, air, omer, jet


Home Forums

    • Forum
    • Topics
    • Posts
    • Last Post