Tesla introduces ‘Dog Mode’ to keep your pets from getting too hot

Tesla officially introduced a new feature on Thursday called “Dog Mode” that aims to keep owners’ pets comfortable while left unattended in the vehicle. “Dog Mode” keeps climate control on while the car is parked and also includes a display screen with the temperature so that people passing by can see that owners’ pets are safe, Tesla said. The electric car maker showed off “Dog Mode” in a tweet early Thursday. It’s one of several software updates the company is introducing that focuses on impro


Tesla officially introduced a new feature on Thursday called “Dog Mode” that aims to keep owners’ pets comfortable while left unattended in the vehicle. “Dog Mode” keeps climate control on while the car is parked and also includes a display screen with the temperature so that people passing by can see that owners’ pets are safe, Tesla said. The electric car maker showed off “Dog Mode” in a tweet early Thursday. It’s one of several software updates the company is introducing that focuses on impro
Tesla introduces ‘Dog Mode’ to keep your pets from getting too hot Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-02-14  Authors: elizabeth schulze, istock, getty images
Keywords: news, cnbc, companies, getting, car, mode, updates, tesla, hot, owners, vehicledog, unattended, temperature, dog, introduces, pets


Tesla introduces 'Dog Mode' to keep your pets from getting too hot

Tesla officially introduced a new feature on Thursday called “Dog Mode” that aims to keep owners’ pets comfortable while left unattended in the vehicle.

“Dog Mode” keeps climate control on while the car is parked and also includes a display screen with the temperature so that people passing by can see that owners’ pets are safe, Tesla said.

The electric car maker showed off “Dog Mode” in a tweet early Thursday. It’s one of several software updates the company is introducing that focuses on improving safety and security.


Company: cnbc, Activity: cnbc, Date: 2019-02-14  Authors: elizabeth schulze, istock, getty images
Keywords: news, cnbc, companies, getting, car, mode, updates, tesla, hot, owners, vehicledog, unattended, temperature, dog, introduces, pets


Home Forums

    • Forum
    • Topics
    • Posts
    • Last Post

Tesla introduces ‘Dog Mode’ to keep your pets from getting too hot

Tesla officially introduced a new feature on Thursday called “Dog Mode” that aims to keep owners’ pets comfortable while left unattended in the vehicle. “Dog Mode” keeps climate control on while the car is parked and also includes a display screen with the temperature so that people passing by can see that owners’ pets are safe, Tesla said. The electric car maker showed off “Dog Mode” in a tweet early Thursday. It’s one of several software updates the company is introducing that focuses on impro


Tesla officially introduced a new feature on Thursday called “Dog Mode” that aims to keep owners’ pets comfortable while left unattended in the vehicle. “Dog Mode” keeps climate control on while the car is parked and also includes a display screen with the temperature so that people passing by can see that owners’ pets are safe, Tesla said. The electric car maker showed off “Dog Mode” in a tweet early Thursday. It’s one of several software updates the company is introducing that focuses on impro
Tesla introduces ‘Dog Mode’ to keep your pets from getting too hot Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-02-14  Authors: elizabeth schulze, istock, getty images
Keywords: news, cnbc, companies, getting, car, mode, updates, tesla, hot, owners, vehicledog, unattended, temperature, dog, introduces, pets


Tesla introduces 'Dog Mode' to keep your pets from getting too hot

Tesla officially introduced a new feature on Thursday called “Dog Mode” that aims to keep owners’ pets comfortable while left unattended in the vehicle.

“Dog Mode” keeps climate control on while the car is parked and also includes a display screen with the temperature so that people passing by can see that owners’ pets are safe, Tesla said.

The electric car maker showed off “Dog Mode” in a tweet early Thursday. It’s one of several software updates the company is introducing that focuses on improving safety and security.


Company: cnbc, Activity: cnbc, Date: 2019-02-14  Authors: elizabeth schulze, istock, getty images
Keywords: news, cnbc, companies, getting, car, mode, updates, tesla, hot, owners, vehicledog, unattended, temperature, dog, introduces, pets


Home Forums

    • Forum
    • Topics
    • Posts
    • Last Post

Morgan Stanley: Why GM and Amazon may be investing in ‘the next Tesla’

General Motors and Amazon are reportedly in talks to invest in Detroit start-up Rivian Automotive, and that indicates a massive shift in the “next and potentially imminent” electric vehicle market of pickup trucks, Morgan Stanley said Wednesday. “The highly lucrative and US-dominated pickup truck market” is a key focus for investors due to the “culmination of battery cost reduction, architecture, duty cycle, and price point,” Morgan Stanley analyst Adam Jonas said. Morgan Stanley featured Rivian


General Motors and Amazon are reportedly in talks to invest in Detroit start-up Rivian Automotive, and that indicates a massive shift in the “next and potentially imminent” electric vehicle market of pickup trucks, Morgan Stanley said Wednesday. “The highly lucrative and US-dominated pickup truck market” is a key focus for investors due to the “culmination of battery cost reduction, architecture, duty cycle, and price point,” Morgan Stanley analyst Adam Jonas said. Morgan Stanley featured Rivian
Morgan Stanley: Why GM and Amazon may be investing in ‘the next Tesla’ Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-02-13  Authors: michael sheetz, bloomberg, getty images
Keywords: news, cnbc, companies, rivian, trucks, pickup, market, stanley, morgan, jonas, electric, focused, amazon, investing, tesla, gm


Morgan Stanley: Why GM and Amazon may be investing in 'the next Tesla'

General Motors and Amazon are reportedly in talks to invest in Detroit start-up Rivian Automotive, and that indicates a massive shift in the “next and potentially imminent” electric vehicle market of pickup trucks, Morgan Stanley said Wednesday.

“The highly lucrative and US-dominated pickup truck market” is a key focus for investors due to the “culmination of battery cost reduction, architecture, duty cycle, and price point,” Morgan Stanley analyst Adam Jonas said. Jonas earned a wide following on Wall Street due to his early calls on Tesla and the rise of electric vehicles.

Morgan Stanley featured Rivian earlier this week as the “next serious competition” for Tesla. The start-up’s “clean sheet” approach could make it “the next Tesla,” Jonas said.

“We have focused considerable research effort on the theme of electric pickup trucks in recent days,” Jonas said. Rivian emerged as the firm’s top pick to challenge Tesla in the coming years due to Rivian’s “access to talent & capital focused on the fastest growing segments of pickup trucks & SUVs,” he said.


Company: cnbc, Activity: cnbc, Date: 2019-02-13  Authors: michael sheetz, bloomberg, getty images
Keywords: news, cnbc, companies, rivian, trucks, pickup, market, stanley, morgan, jonas, electric, focused, amazon, investing, tesla, gm


Home Forums

    • Forum
    • Topics
    • Posts
    • Last Post

Morgan Stanley: Why GM and Amazon may be investing in ‘the next Tesla’

General Motors and Amazon are reportedly in talks to invest in Detroit start-up Rivian Automotive, and that indicates a massive shift in the “next and potentially imminent” electric vehicle market of pickup trucks, Morgan Stanley said Wednesday. “The highly lucrative and US-dominated pickup truck market” is a key focus for investors due to the “culmination of battery cost reduction, architecture, duty cycle, and price point,” Morgan Stanley analyst Adam Jonas said. Morgan Stanley featured Rivian


General Motors and Amazon are reportedly in talks to invest in Detroit start-up Rivian Automotive, and that indicates a massive shift in the “next and potentially imminent” electric vehicle market of pickup trucks, Morgan Stanley said Wednesday. “The highly lucrative and US-dominated pickup truck market” is a key focus for investors due to the “culmination of battery cost reduction, architecture, duty cycle, and price point,” Morgan Stanley analyst Adam Jonas said. Morgan Stanley featured Rivian
Morgan Stanley: Why GM and Amazon may be investing in ‘the next Tesla’ Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-02-13  Authors: michael sheetz, bloomberg, getty images
Keywords: news, cnbc, companies, rivian, trucks, pickup, market, stanley, morgan, jonas, electric, focused, amazon, investing, tesla, gm


Morgan Stanley: Why GM and Amazon may be investing in 'the next Tesla'

General Motors and Amazon are reportedly in talks to invest in Detroit start-up Rivian Automotive, and that indicates a massive shift in the “next and potentially imminent” electric vehicle market of pickup trucks, Morgan Stanley said Wednesday.

“The highly lucrative and US-dominated pickup truck market” is a key focus for investors due to the “culmination of battery cost reduction, architecture, duty cycle, and price point,” Morgan Stanley analyst Adam Jonas said. Jonas earned a wide following on Wall Street due to his early calls on Tesla and the rise of electric vehicles.

Morgan Stanley featured Rivian earlier this week as the “next serious competition” for Tesla. The start-up’s “clean sheet” approach could make it “the next Tesla,” Jonas said.

“We have focused considerable research effort on the theme of electric pickup trucks in recent days,” Jonas said. Rivian emerged as the firm’s top pick to challenge Tesla in the coming years due to Rivian’s “access to talent & capital focused on the fastest growing segments of pickup trucks & SUVs,” he said.


Company: cnbc, Activity: cnbc, Date: 2019-02-13  Authors: michael sheetz, bloomberg, getty images
Keywords: news, cnbc, companies, rivian, trucks, pickup, market, stanley, morgan, jonas, electric, focused, amazon, investing, tesla, gm


Home Forums

    • Forum
    • Topics
    • Posts
    • Last Post

Tesla is not ‘quite out of the woods yet,’ says Morgan Stanley’s Adam Jonas

Tesla has made progress reducing its cash burn but the electric-car maker is not “quite out of the woods yet,” Morgan Stanley’s Adam Jonas told CNBC on Wednesday. The key for Tesla is to expand beyond a “standalone electric car company” and find resilience as competition in the electric space heats up, said Jonas, who gained a wide following on Wall Street for predicting the rise of Tesla and electric vehicles. Tesla plans to reveal an electric truck this summer, but a counterpart can gain an ed


Tesla has made progress reducing its cash burn but the electric-car maker is not “quite out of the woods yet,” Morgan Stanley’s Adam Jonas told CNBC on Wednesday. The key for Tesla is to expand beyond a “standalone electric car company” and find resilience as competition in the electric space heats up, said Jonas, who gained a wide following on Wall Street for predicting the rise of Tesla and electric vehicles. Tesla plans to reveal an electric truck this summer, but a counterpart can gain an ed
Tesla is not ‘quite out of the woods yet,’ says Morgan Stanley’s Adam Jonas Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-02-13  Authors: tyler clifford
Keywords: news, cnbc, companies, price, truck, electric, quite, company, plans, jonas, rivian, adam, pickup, say, morgan, stanleys, woods, tesla


Tesla is not 'quite out of the woods yet,' says Morgan Stanley's Adam Jonas

Tesla has made progress reducing its cash burn but the electric-car maker is not “quite out of the woods yet,” Morgan Stanley’s Adam Jonas told CNBC on Wednesday.

The auto analyst expects Tesla to burn about $600 million, possibly as much as $1 billion, in cash in the first quarter, but said a partnership with a tech company or another original equipment manufacturer “could go a long way.”

The key for Tesla is to expand beyond a “standalone electric car company” and find resilience as competition in the electric space heats up, said Jonas, who gained a wide following on Wall Street for predicting the rise of Tesla and electric vehicles.

“The biggest question for Tesla share price, let’s say over the next 12 months … is this company finally at a point where it’s self-financing, where it doesn’t need external equity capital to fund its very ambitious plans?” he said on “Fast Money.”

Tesla plans to reveal an electric truck this summer, but a counterpart can gain an edge with its own electric powertrain in the pickup truck market, Jonas said.

Morgan Stanley has a price target of $283 for the stock, which is more than 8 percent lower than its Wednesday close of about $308.

Tesla faces tougher questions as General Motors and Amazon are rumored to be investing in Rivian Automotive, a Detroit-based technology start-up that is the firm’s top pick to compete with Tesla in the near future. Jonas sees Rivian as the next leader in electric pickup trucks.

“Rivian and other start-ups that can get access to the best talent and … capital and … have the business-model chops of an Amazon behind it, that could pose … a much more serious threat to Tesla than, say, the Germans who will have EVs,” Jonas said Wednesday, “but the cultural issues are real limiting factors in our opinion.”


Company: cnbc, Activity: cnbc, Date: 2019-02-13  Authors: tyler clifford
Keywords: news, cnbc, companies, price, truck, electric, quite, company, plans, jonas, rivian, adam, pickup, say, morgan, stanleys, woods, tesla


Home Forums

    • Forum
    • Topics
    • Posts
    • Last Post

Amazon, General Motors are in talks to invest in Tesla rival Rivian: Reuters, citing sources

Amazon and General Motors are in talks to invest in Rivian Automotive in a deal that will value the U.S. electric pickup truck manufacturer at between $1 billion and $2 billion, people familiar with the matter told Reuters on Tuesday. The deal would give Amazon and General Motors minority stakes in Rivian, the sources said. If the negotiations conclude successfully, a deal could be announced as early as this month, the sources said, asking not to be identified because the matter is confidential.


Amazon and General Motors are in talks to invest in Rivian Automotive in a deal that will value the U.S. electric pickup truck manufacturer at between $1 billion and $2 billion, people familiar with the matter told Reuters on Tuesday. The deal would give Amazon and General Motors minority stakes in Rivian, the sources said. If the negotiations conclude successfully, a deal could be announced as early as this month, the sources said, asking not to be identified because the matter is confidential.
Amazon, General Motors are in talks to invest in Tesla rival Rivian: Reuters, citing sources Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-02-12  Authors: bloomberg, getty images
Keywords: news, cnbc, companies, motors, matter, invest, electric, amazon, billion, rival, sources, general, rivian, citing, deal, tesla, talks


Amazon, General Motors are in talks to invest in Tesla rival Rivian: Reuters, citing sources

Amazon and General Motors are in talks to invest in Rivian Automotive in a deal that will value the U.S. electric pickup truck manufacturer at between $1 billion and $2 billion, people familiar with the matter told Reuters on Tuesday.

The deal would give Amazon and General Motors minority stakes in Rivian, the sources said. It would be a major boost for the Plymouth, Michigan-based startup, which aspires to be the first car maker to the U.S. market with an electric pickup.

If the negotiations conclude successfully, a deal could be announced as early as this month, the sources said, asking not to be identified because the matter is confidential. There is always a chance that deal talks fall through, the sources cautioned.

Amazon, General Motors and Rivian did not immediately respond to requests for comment.


Company: cnbc, Activity: cnbc, Date: 2019-02-12  Authors: bloomberg, getty images
Keywords: news, cnbc, companies, motors, matter, invest, electric, amazon, billion, rival, sources, general, rivian, citing, deal, tesla, talks


Home Forums

    • Forum
    • Topics
    • Posts
    • Last Post

Tesla’s charging stations are a massive ‘competitive moat,’ Morgan Stanley says

Tesla has built up a global network of charging stations, which Morgan Stanley analyst Adam Jonas pointed to as a possible “competitive moat” that offers protection from other electric vehicle makers. “We estimate Tesla’s chargers may account for 30 percent to 40 percent of total US charging outlets counted by the US Dept. Jonas is widely followed on Wall Street for his thoughts on Tesla and electric vehicles. Tesla upped its network of global “supercharger” stations to nearly 13,000 by the end


Tesla has built up a global network of charging stations, which Morgan Stanley analyst Adam Jonas pointed to as a possible “competitive moat” that offers protection from other electric vehicle makers. “We estimate Tesla’s chargers may account for 30 percent to 40 percent of total US charging outlets counted by the US Dept. Jonas is widely followed on Wall Street for his thoughts on Tesla and electric vehicles. Tesla upped its network of global “supercharger” stations to nearly 13,000 by the end
Tesla’s charging stations are a massive ‘competitive moat,’ Morgan Stanley says Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-02-12  Authors: michael sheetz, source, andrew evers cnbc, vcg vcg, getty images
Keywords: news, cnbc, companies, global, massive, total, electric, destination, chargers, morgan, charging, stations, teslas, jonas, competitive, stanley, tesla, network, moat


Tesla's charging stations are a massive 'competitive moat,' Morgan Stanley says

Tesla has built up a global network of charging stations, which Morgan Stanley analyst Adam Jonas pointed to as a possible “competitive moat” that offers protection from other electric vehicle makers.

“We estimate Tesla’s chargers may account for 30 percent to 40 percent of total US charging outlets counted by the US Dept. of Energy,” Jonas said in a note to investors on Tuesday. Jonas is widely followed on Wall Street for his thoughts on Tesla and electric vehicles.

Tesla upped its network of global “supercharger” stations to nearly 13,000 by the end of last year, while also increasing its total “destination chargers” to more than 21,000. Superchargers refuel most Tesla batteries in about an hour, whereas destination charging stations provide longer charging times more suited for long stays at malls or overnights at hotels.


Company: cnbc, Activity: cnbc, Date: 2019-02-12  Authors: michael sheetz, source, andrew evers cnbc, vcg vcg, getty images
Keywords: news, cnbc, companies, global, massive, total, electric, destination, chargers, morgan, charging, stations, teslas, jonas, competitive, stanley, tesla, network, moat


Home Forums

    • Forum
    • Topics
    • Posts
    • Last Post

Amazon, General Motors are in talks to invest in Tesla rival Rivian: Reuters, citing sources

Amazon and General Motors are in talks to invest in Rivian Automotive LLC in a deal that would value the U.S. electric pickup truck manufacturer at between $1 billion and $2 billion, people familiar with the matter said on Tuesday. The deal would give Amazon and General Motors minority stakes in Rivian, the sources said. It would be a major boost for the Plymouth, Michigan-based startup, which aspires to be the first car maker to the U.S. consumer market with an electric pickup. There is always


Amazon and General Motors are in talks to invest in Rivian Automotive LLC in a deal that would value the U.S. electric pickup truck manufacturer at between $1 billion and $2 billion, people familiar with the matter said on Tuesday. The deal would give Amazon and General Motors minority stakes in Rivian, the sources said. It would be a major boost for the Plymouth, Michigan-based startup, which aspires to be the first car maker to the U.S. consumer market with an electric pickup. There is always
Amazon, General Motors are in talks to invest in Tesla rival Rivian: Reuters, citing sources Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-02-12  Authors: bloomberg, getty images
Keywords: news, cnbc, companies, motors, tesla, citing, company, gm, invest, million, electric, amazon, deal, rivian, rival, talks, general, sources, pickup


Amazon, General Motors are in talks to invest in Tesla rival Rivian: Reuters, citing sources

Amazon and General Motors are in talks to invest in Rivian Automotive LLC in a deal that would value the U.S. electric pickup truck manufacturer at between $1 billion and $2 billion, people familiar with the matter said on Tuesday.

The deal would give Amazon and General Motors minority stakes in Rivian, the sources said. It would be a major boost for the Plymouth, Michigan-based startup, which aspires to be the first car maker to the U.S. consumer market with an electric pickup.

If the negotiations conclude successfully, a deal could be announced as early as this month, the sources said, asking not to be identified because the matter is confidential. There is always a chance that deal talks fall through, the sources cautioned.

“We admire Rivian’s contribution to a future of zero emissions and an all-electric future,” GM said in an emailed statement, declining to specifically comment on the talks with Rivian.

Amazon and Rivian did not immediately respond to requests for comment.

The Rivian deal would come as the world’s biggest electric car maker, Tesla, struggles to stabilize production and deliver consistent profits as it rolls out its flagship Model 3 sedan.

Tesla CEO Elon Musk told investors last August that an electric pickup is “probably my personal favorite for the next product” from the company, though he has spoken only in general about a potential launch, saying that it would happen “right after” Tesla’s Model Y, which the company has targeted to start production in 2020.

Rivian intends to begin selling its R1T, the pickup it debuted in November, in the fall of 2020. The company was founded in 2009 by CEO R.J. Scaringe.

Big automakers, including GM, have not jumped into the market for electric pickups thus far. GM CEO Mary Barra has said the U.S. automaker has given a “tiny bit” of thought to developing all-electric pickups.

Amazon has also invested in self-driving car startup Aurora, in a $530 million funding round announced last week. The worlds largest online retailer has steadily increased its logistics footprint, building warehouses around the world and inking deals with Mercedes as well as cargo airlines to help with delivery.

Rivian’s financial backers include Saudi auto distributor Abdul Latif Jameel Co (ALJ), Sumitomo Corp of Americas and Standard Chartered Bank. ALJ has agreed to provide almost $500 million in funding, Sumitomo invested an undisclosed amount, and Standard Chartered provided debt financing of $200 million.


Company: cnbc, Activity: cnbc, Date: 2019-02-12  Authors: bloomberg, getty images
Keywords: news, cnbc, companies, motors, tesla, citing, company, gm, invest, million, electric, amazon, deal, rivian, rival, talks, general, sources, pickup


Home Forums

    • Forum
    • Topics
    • Posts
    • Last Post

Tesla’s Model 3 ranked ‘most satisfying’ car, more than Porsche or Corvette

In fact, Tesla’s Model 3 compact sedan is so beloved by its owners that Consumer Reports, the product-testing consumer advocacy group, has named the vehicle the “most satisfying car” on the market. At the top of that list is Tesla’s Model 3, which Consumer Reports notes is a competitor of sedans like the Audi A4 and BMW’s 3 Series. Consumer Reports found that 92 percent of Tesla Model 3 owners would “definitely” buy the car again if they had to “do it all over again.” The Model 3 just edged out


In fact, Tesla’s Model 3 compact sedan is so beloved by its owners that Consumer Reports, the product-testing consumer advocacy group, has named the vehicle the “most satisfying car” on the market. At the top of that list is Tesla’s Model 3, which Consumer Reports notes is a competitor of sedans like the Audi A4 and BMW’s 3 Series. Consumer Reports found that 92 percent of Tesla Model 3 owners would “definitely” buy the car again if they had to “do it all over again.” The Model 3 just edged out
Tesla’s Model 3 ranked ‘most satisfying’ car, more than Porsche or Corvette Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-02-11  Authors: tom huddleston jr, salwan georges, the washington post, getty images
Keywords: news, cnbc, companies, ranked, owners, tesla, consumer, model, corvette, reports, porsche, sedan, models, car, satisfying, teslas


Tesla's Model 3 ranked 'most satisfying' car, more than Porsche or Corvette

It’s well known that Tesla owners tend to show a lot of love for the electric automaker, which often tops lists that rank car brands based on owner satisfaction.

In fact, Tesla’s Model 3 compact sedan is so beloved by its owners that Consumer Reports, the product-testing consumer advocacy group, has named the vehicle the “most satisfying car” on the market. Consumer Reports recently ranked the 10 most satisfying car models based on the results of surveys of more than half a million car owners to find “the models that bring their owners joy” (Netflix sensation Marie Kondo might even say they “spark joy”).

At the top of that list is Tesla’s Model 3, which Consumer Reports notes is a competitor of sedans like the Audi A4 and BMW’s 3 Series. Consumer Reports found that 92 percent of Tesla Model 3 owners would “definitely” buy the car again if they had to “do it all over again.”

The Model 3 just edged out the likes of the Porsche 911 luxury sports car, Hyundai’s Genesis G90 and the Chevrolet Corvette, which rounded out the top four vehicles in the Consumer Reports ranking of most satisfying car models. But, Tesla’s Model S luxury sedan snagged the fifth spot, with Consumer Reports describing the car’s performance as “exceptional”.


Company: cnbc, Activity: cnbc, Date: 2019-02-11  Authors: tom huddleston jr, salwan georges, the washington post, getty images
Keywords: news, cnbc, companies, ranked, owners, tesla, consumer, model, corvette, reports, porsche, sedan, models, car, satisfying, teslas


Home Forums

    • Forum
    • Topics
    • Posts
    • Last Post

Tesla is staking its future on China — here’s what it’s up against

Tesla needs China, the world’s largest auto market, in order to succeed. However, Tesla — like other U.S. automakers — faces considerable competition in China. According to Michael Dunne, founder of automotive advisory firm ZoZo Go, “China produced half of global electric vehicles last year. But as Musk recently bemoaned, Tesla hasn’t been able to cash in on those subsidies and tax incentives. Tesla’s vehicles will probably remain very costly in China until the company begins manufacturing at it


Tesla needs China, the world’s largest auto market, in order to succeed. However, Tesla — like other U.S. automakers — faces considerable competition in China. According to Michael Dunne, founder of automotive advisory firm ZoZo Go, “China produced half of global electric vehicles last year. But as Musk recently bemoaned, Tesla hasn’t been able to cash in on those subsidies and tax incentives. Tesla’s vehicles will probably remain very costly in China until the company begins manufacturing at it
Tesla is staking its future on China — here’s what it’s up against Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-02-11  Authors: lora kolodny, andrew evers, eunice yoon
Keywords: news, cnbc, companies, staking, zozo, heres, electric, company, future, wont, able, musk, model, tesla, china, vehicles


Tesla is staking its future on China — here's what it's up against

Tesla needs China, the world’s largest auto market, in order to succeed. Customer demand and government support for so-called new energy vehicles there is skyrocketing.

CEO Elon Musk recently warned that without manufacturing in China, Tesla won’t be able to produce 10,000 Model 3 electric sedans per week (as the company has aimed to do for years) and won’t be able to offer the eagerly awaited base model at a price of $35,000.

“Bottom line is we need the Shanghai factory to achieve that,” Musk said on the company’s 2018 fourth-quarter earnings call.

However, Tesla — like other U.S. automakers — faces considerable competition in China.

According to Michael Dunne, founder of automotive advisory firm ZoZo Go, “China produced half of global electric vehicles last year. The U.S. produced about 20 percent. China is clearly way out in front in terms of size, production and scale.”

Electric vehicle makers that are already up and running there include:

A bevy of electric vehicle start-ups are on the rise in China too, including Byton and WM Motor Tech.

Chinese automakers have benefited from some $60 billion worth of subsidies and incentives since 2012, designed to make new energy vehicles affordable for Chinese drivers, according to ZoZo Go.

But as Musk recently bemoaned, Tesla hasn’t been able to cash in on those subsidies and tax incentives. As a result, a Model S that would cost around $80,000 in the U.S. today would cost around $140,000 in China after taxes, for example.

Tesla’s vehicles will probably remain very costly in China until the company begins manufacturing at its planned factory there in Shanghai.

Even though Tesla broke ground on its Gigafactory 3 in Shanghai, the company has yet to publish an 8-K filing with the SEC showing that it has secured funding, or secured a material partnership, to build it out.


Company: cnbc, Activity: cnbc, Date: 2019-02-11  Authors: lora kolodny, andrew evers, eunice yoon
Keywords: news, cnbc, companies, staking, zozo, heres, electric, company, future, wont, able, musk, model, tesla, china, vehicles


Home Forums

    • Forum
    • Topics
    • Posts
    • Last Post