Dodge boss: The V-8’s days “are numbered” – Motor Authority

The days of the big and burly V-8 could soon be over, judging by recent comments made by Dodge CEO Tim Kuniskis. In an interview with CNBC published last week, Kuniskis said the days of supercharged V-8s like Dodge’s Hellcat engines are numbered, but thanks to electrification the type of performance the engines deliver is… Continue reading Dodge boss: The V-8’s days “are numbered” – Motor Authority

Tesla’s Berlin Gigafactory will receive billions of dollars of funding from the German government (TSLA)

Last week, the German government confirmed it will fund part of Tesla’s Grünheide factory. Sources told Insider Deutschland that Elon Musk’s company will receive billions through a program designed to create a European battery ecosystem.  German taxpayers will be funding the US car manufacturer’s German factory with a 9-digit figure, but the government declined to… Continue reading Tesla’s Berlin Gigafactory will receive billions of dollars of funding from the German government (TSLA)

Tesla set for at least 1 billion euros in German subsidies – Business Insider

By Reuters Staff 2 Min Read BERLIN (Reuters) – U.S. electric vehicle maker Tesla stands to receive at least 1 billion euros ($1.2 billion) in public funding from Germany for setting up a battery cell factory near Berlin, Business Insider reported on Monday. FILE PHOTO: The construction site of the future Tesla Gigafactory is seen… Continue reading Tesla set for at least 1 billion euros in German subsidies – Business Insider

Roper Technologies Dips 7% On 1Q Profit Outlook Miss

InvestorPlace Reddit’s r/WallStreetBets Just Took Down a Hedge Fund. You’ll Love What Comes Next. As a member of r/WallStreetBets, a popular Reddit forum, let me tell you this: It wasn’t supposed to ever happen. Our happy band of rag-tag investors was supposed to use our little corner of the internet to exchange risky stock investment… Continue reading Roper Technologies Dips 7% On 1Q Profit Outlook Miss

Faraday Future CEO on going public via SPAC merger

InvestorPlace Reddit’s r/WallStreetBets Just Took Down a Hedge Fund. You’ll Love What Comes Next. As a member of r/WallStreetBets, a popular Reddit forum, let me tell you this: It wasn’t supposed to ever happen. Our happy band of rag-tag investors was supposed to use our little corner of the internet to exchange risky stock investment… Continue reading Faraday Future CEO on going public via SPAC merger

Tesla Delivers Almost 500,000 Vehicles in 2020

Tesla Delivers Almost 500,000 Vehicles in 2020

2 Jan 2021, 17:41 UTC ·
by

Mircea Panait

Home > News > Industry

As much as Elon Musk would have liked to hit the magical figure of 500,000 deliveries, Tesla Inc. got 99.91 percent of the way there with a tally of 499,550 vehicles. Considering how bad a year 2020 has been for the automotive industry, this result is more than simply impressive.
21 photos
For reference, Tesla delivered 367,500 vehicles in 2019 and 245,240 vehicles in 2018. Production output is on the rise as well, currently standing at 509,737 vehicles split between the Model S, 3, X, and Y (pun intended).
As you would expect, the Model 3 and Y took the lion’s share at 442,511 units compared to 57,039 for the Model S and X, which will be updated this year.
Elon Musk was expecting to ship 500,000 vehicles worldwide at the beginning of 2020 when the health crisis was looming on the horizon. But as you’re well aware, the big guns and bean counters in Palo Alto didn’t take into consideration temporary production halts for the Fremont and Shanghai facilities. Another reason the target figure hasn’t been hit is, of course, the financial stress of a health crisis that has affected pretty much everybody.
“So proud of the Tesla team for achieving this major milestone,” said the chief executive officer on social media. “At the start of Tesla, I thought we had (optimistically) a 10% chance of surviving at all.” As a brief refresher, the first investment that Musk made in the EV startup tallied $6.5 million when co-founders Martin Eberhard and Marc Tarpenning were running the show.
“Tesla is responsible for two-thirds of all the personal and professional pain in my life combined. But it was worth it,” confessed the big kahuna.
At the time of writing, the Model 3 is the most affordable ticket to Tesla ownership thanks to an MSRP of $37,990 for the Standard Range Plus with rear-wheel drive. Not bad for 263 miles (423 kilometers) of driving range and an acceleration of 5.3 seconds to 60 mph (96 kph), don't you think?
The Model Y kicks off at $49,990 with the Long Range battery and Dual Motor all-wheel drive, the Model S is available from $69,420, and the Model X is the most expensive of the lot at $79,990 excluding potential savings.
load
press release

click to load Disqus comments for this storyThis enables Disqus, Inc. to process some of your data.

Elon Musk says bitcoin ‘on the verge’ of being more widely accepted

By Reuters Staff 1 Min Read Slideshow ( 2 images ) SAN FRANCISCO (Reuters) – Billionaire Elon Musk said on Monday bitcoin was “on the verge” of being more widely accepted among investors as he expressed his support for the cryptocurrency. The comments come after the Tesla Inc CEO’s use of a “#bitcoin” tag on… Continue reading Elon Musk says bitcoin ‘on the verge’ of being more widely accepted

World NM: Tesla’s dirty little secret: Its net profit doesn’t come from selling cars000804

New York (CNN Business)Tesla posted its first full year of net income in 2020 — but not because of sales to its customers. If they can’t, the automakers have to buy regulatory credits from another automaker that meets those requirements — such as Tesla. Its automotive gross profit, which compares total revenue from its car… Continue reading World NM: Tesla’s dirty little secret: Its net profit doesn’t come from selling cars000804

2020 Tesla Roadster Delayed Until 2022, Drivable Prototype Coming This Summer

2020 Tesla Roadster Delayed Until 2022, Drivable Prototype Coming This Summer

29 Jan 2021, 13:37 UTC ·
by

Mircea Panait

Home > News > Car Profile

Tesla gained worldwide acclaim for the first-generation Roadster, an EV unlike any other when it rolled out in 2008. Based on a Lotus chassis but quicker to 60 miles per hour than the Elise and Exige from that era, the open-top sports car will be succeeded in 2022.
7 photos
That’s a whole decade since the original stopped production, which is a heck of a long time by all accounts. What’s even more peculiar is that Elon Musk took the veils off the Roadster II in 2017, when he promised that deliveries would kick off by the end of 2020. Be that as it may, don’t forget the automotive industry didn’t know that a health crisis would backtrack things.
According to chief executive Musk Man, engineering will be completed by the end of 2021. Production starts next year, and a drivable release candidate is scheduled to arrive this summer in order to keep the hype going strong.
Previously nicknamed Model R, the all-new Roadster is available to reserve for quite a princely sum. Those who express interest in the tri-motor sports have to pony up a $50,000 deposit, representing a fourth of the base price of $200,000 before optional extras, taxes, and whatnot.
Scheduled to hit the Nürburgring for chassis and suspension calibration sometime this year, the Roadster II is described as “the quickest car in the world, with record-setting acceleration, range, and performance.” At the time of writing, Tesla promises 1.9 seconds, 620 miles (998 kilometers) on a charge, and more than 250 miles per hour (402 kilometers per hour).
Capable of crossing the quarter-mile finish line in 8.8 seconds, the most extreme Tesla entitled to wear a license plate is a four-seat targa with a 200-kWh battery and similar bits and bobs to the Model S Plaid+. Speaking of the full-size sedan, the 2021 redesign loses the conventional steering wheel in favor of a stalkless yoke that was previewed by the Roadster in 2017.
click to load Disqus comments for this storyThis enables Disqus, Inc. to process some of your data.

Germany KBA watchdog also looking into Tesla touchscreen failures: paper

By Reuters Staff 2 Min Read FILE PHOTO: A Tesla logo hangs on a building outside of a Tesla dealership in New York, U.S., April 29, 2016. REUTERS/Lucas Jackson/File Photo/File Photo BERLIN (Reuters) – Germany’s motor vehicle authority (KBA) is looking into safety risks related to touchscreen displays in Tesla cars and has asked the… Continue reading Germany KBA watchdog also looking into Tesla touchscreen failures: paper