Tesla will not “refresh” its Model S or Model X electric vehicles

Tesla owners and customers hoping for a refreshed Model S or Model X are going to be waiting indefinitely. Tesla CEO Elon Musk tweeted Monday night that there will be no “refreshed” Model X or Model S coming. In automotive speak, refreshed typically means small revisions to a vehicle model that extend beyond the typical… Continue reading Tesla will not “refresh” its Model S or Model X electric vehicles

Tesla proved it can hit production targets. Now investors want to see profits

Workers assemble cars on the line at Tesla's factory in Fremont.David Butow | Corbis News | Getty ImagesTesla CEO Elon Musk proved to analysts Tuesday that he can hit his lofty production and delivery targets, but now investors want to know if he can do the same with profits.
The company's second-quarter production and delivery numbers, released late Tuesday, eased investors' concerns about demand for its electric cars and SUVs with the company delivering a record 95,200 vehicles in the last quarter. Tesla's stock shot up by as much as 8% in after-market trading Tuesday and was up by about 5% Wednesday afternoon.
“While there were a good amount of 'leaked' emails and reports prophesizing a potential 'record quarter' for deliveries, we had not spoken to any investors that expected deliveries to be this high,” Morgan Stanley analyst Adam Jonas said in a research note.
The results mark “a turning point for the Tesla story,” Gene Munster, an analyst Loup Ventures, said in an interview on CNBC. “The key takeaway here is there is an undeniable truth that is starting to happen, and that is that demand of EVs is starting to go up.”
VIDEO6:2706:27Tesla reported 2nd-quarter numbers—Here's what 6 experts say to watchTrading NationInvestors want to know whether the quarter's performance is repeatable, especially after losing several key production executives ahead of the announcement. They also want to see whether Tesla sacrificed profit margins in its efforts to ramp up production.
“Tesla may/is likely to overproduce in a quarter or two this year, and investors will have no sense if the excess production ended up entirely in inventory, or is legitimately destined for customers,” analysts at Bernstein research wrote in a note to investors Wednesday.
The company delivered 77,750 of its best-selling Model 3 sedan, beating analysts' estimates by 3,650, according to data compiled by FactSet.
Dan Ives, an analyst at Wedbush Securities, called the Model 3 results the “linchpin of the Tesla growth story for the coming years.”
To be sure, Tesla's buyers lost part of a key tax credit that subsidized the cost of the electric cars and the company cut prices on several models throughout the quarter to boost demand. The federal tax credit for Tesla's cars was cut from $7,750 last year to just $1,875 on Monday. Musk even took to Twitter to remind people to take advantage before the credit shrank. That's something that could “weigh on profitability” when the company reports its earnings in a few weeks, analysts said.
“The Q2 delivery beat does not change our cautious view on Q2 earnings,” UBS analyst Colin Langan said in a note to investors. “Price reductions, the wider availability of cheaper versions of the Model 3, and the phase out of the US EV tax credit ($1,875) helped Q2 deliveries. The price cuts will likely result in margin pressure.”
The company is also facing increased competition in the high-end electric sports car market as automakers from Ford to Jaguar invest billions of dollars to develop their own electric lineups. It's something analysts at Goldman Sachs pointed to as they saw Tesla's competitive lead beginning to wane in the face of other EV launches. Volkswagen and Mercedes-Benz began taking orders in May for new battery-electric vehicles with plans to roll out more models in the coming years. Jaguar's I-Pace all-electric SUV swept industry awards at the New York Auto Show in April.
The report however, gave some analysts reason for optimism.
“After what's been, in my opinion, the darkest chapter in the company's history, finally some good news for Tesla going into a holiday weekend,” Ives said.

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Tesla cars will become a lot more expensive when fully self-driving models are available, says the company’s CEO Elon Musk. Musk has long insisted that a Tesla represents an investment that will appreciate in value over time, which led one Twitter follower to enquire whether customers had a limited time to snap one up. In… Continue reading Teslas will get a lot more expensive when full self-driving goes mainstream – TechRadar

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Dodge Believes Its Performance Cars Will Have An Electric Future

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Krüger successor: BMW wants quick change of leadership – Production Director Oliver Zipse is favorite

Oliver Zipse At the auto show IAA in September BMW Oliver Zipse could present as successor to Harald Krüger. (Photo: thomas meyer) MunichLittle days after the declared withdrawal of BMW-Boss Harald Kruger The search for a successor is in full swing. Production Director Oliver Zipse is considered a favorite, but in the race is still… Continue reading Krüger successor: BMW wants quick change of leadership – Production Director Oliver Zipse is favorite

New battery tech faces a long road to mass adoption

The Ni family, based in Suzhou near Shanghai in China, bought their first electric hybrid car, a BYD Qin, five years ago. With a 30 per cent discount and free insurance thrown in they were pleased with their purchase. Since then, they have had to buy two replacement batteries. Now, expecting a baby, they want… Continue reading New battery tech faces a long road to mass adoption

Tesla Supercharger Network Evolution — From 6 To 13,344 Superchargers In 6 Years

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Published on July 6th, 2019 |

by Zachary Shahan

Tesla Supercharger Network Evolution — From 6 To 13,344 Superchargers In 6 Years

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July 6th, 2019 by Zachary Shahan

Last year, I published a short review of the Tesla Supercharger network’s tremendous evolution from 2011 to March 2018. I recently ran across that and decided to update it with July 2019 maps and numbers. Here you go:

The Tesla Supercharger network is still one of the top reasons electric car buyers are convinced to buy a Tesla rather than another company’s electric car. The network was a critical competitive advantage we identified years ago when surveying EV drivers and potential EV drivers, and it seems to be referenced every day in comments on CleanTechnica as a core competitive advantage for the Silicon Valley EV & clean energy giant.

We are finally seeing superfast/ultrafast charging stations rise up in non-Tesla charging networks, and hey, one day we’ll have a non-Tesla electric car on the market that can charge at 100 kW or more. But rolling out vast superfast/ultrafast charging stations takes time, and a lot of money.

When I went through our Tesla archives recently to highlight the history of Tesla vehicle sales projections and Tesla Model 3 forecasts, I ran across some old Supercharger maps and announcements. I thought they were rather striking, especially since I had basically forgotten how sparse the network was just a few years ago.

Exhibit A (2011) — Longtime Tesla director of battery technology Kurt Kelty says, “We don’t need a charging infrastructure throughout the country.”

(That actually sounds quite similar to what some major automakers claim today, automakers that don’t have widespread superfast charging infrastructure available for their drivers and don’t have cars that could use such infrastructure.)

Exhibit B (2013) — A whopping 6 Superchargers in California + 2 Superchargers on the US East Coast!

Exhibit C — Also in 2013, big new Supercharger announcements (for the time). Supercharger max power gets boosted from 90 kW to 120 kW. Tesla adds lightning bolt symbol to in-car navigation so that drivers can easily find a Supercharger. Tesla starts adding grid storage at some of its Superchargers, allowing you to survive a Zombie Apocalypse if need be — or at least charge your Tesla during one. Dramatic increase in Supercharger deployment, which leads to this plan:

Exhibit D — A January 2014 tweet from Tesla: “We’ve just opened a bunch of Superchargers to help us get closer to energizing our cross-country route!” Look at this humongous, jaw-dropping, volt-whopping network:

Exhibit E — Around the same time, Tesla patents a system allowing a charging station to prioritize charging based on need and arrival time.

Tesla Motors US Patent Application 2013/0057209

Exhibit F — By the end of 2014, Tesla’s Supercharger network explodes to “884 individual charging points spread across 141 Supercharger stations, as compared to the 776 CHAdeMO charging points now operational in the US.” Check out the exciting map of the time:

Exhibit G — In the second half of 2015, Tesla is up to 487 Supercharger stations globally, with a new one opening nearly every day.

(By the way, another note at that time from TeslaMondo: “Five years ago, Tesla produced 800 cars per year. Now it can produce 800 in three days.” And one more note from Tesla on the initial Autopilot rollout, which was just about to start: This is just the beginning. Don’t treat the initial release like it’s the final one. Hmm, maybe a topic for another article. …)

Exhibit H-oly Cowabunga — This is where the Supercharger network is today was in March 2018, not even 5 years after Exhibit B:

Now, here’s where we are today:

About the Author

Zachary Shahan Zach is tryin' to help society help itself (and other species). He spends most of his time here on CleanTechnica as its director and chief editor. He's also the president of Important Media and the director/founder of EV Obsession and Solar Love. Zach is recognized globally as an electric vehicle, solar energy, and energy storage expert. He has presented about cleantech at conferences in India, the UAE, Ukraine, Poland, Germany, the Netherlands, the USA, and Canada.

Zach has long-term investments in TSLA, FSLR, SPWR, SEDG, & ABB — after years of covering solar and EVs, he simply has a lot of faith in these particular companies and feels like they are good cleantech companies to invest in. But he offers no professional investment advice and would rather not be responsible for you losing money, so don't jump to conclusions.

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