Category: Automotive

Watch Deutsche Accumotive Battery Production

5 H BY MARK KANE Deutsche Accumotive is Daimler’s battery arm If you ever wondered how Daimler’s Deutsche Accumotive produces the batteries for electric smart cars in Kamenz, Saxony in Germany, here is a video that shows the process. The company only assembles the modules and packs, as the lithium-ion cells come from LG Chem. In… Continue reading Watch Deutsche Accumotive Battery Production

future talks by Mercedes-Benz Vans: We talk about the future.

Recommended Fuel consumption combined  Combined CO₂ emissions  Power consumption weighted Product may vary after press date on 06.09.2018. 1 Die angegebenen Werte wurden nach dem vorgeschriebenen Messverfahren ermittelt. Es handelt sich um die „NEFZ-CO₂-Werte“ i. S. v. Art. 2 Nr. 1 Durchführungsverordnung (EU) 2017/1153. Die Kraftstoffverbrauchswerte wurden auf Basis dieser Werte errechnet. Der Stromverbrauch wurde auf der Grundlage der VO 692/2008/EG ermittelt.… Continue reading future talks by Mercedes-Benz Vans: We talk about the future.

Mercedes-Benz Vans at the IAA: Trendsetting innovations.

Recommended Fuel consumption combined  Combined CO₂ emissions  Power consumption weighted Product may vary after press date on 06.09.2018. 1 Die angegebenen Werte wurden nach dem vorgeschriebenen Messverfahren ermittelt. Es handelt sich um die „NEFZ-CO₂-Werte“ i. S. v. Art. 2 Nr. 1 Durchführungsverordnung (EU) 2017/1153. Die Kraftstoffverbrauchswerte wurden auf Basis dieser Werte errechnet. Der Stromverbrauch wurde auf der Grundlage der VO 692/2008/EG ermittelt.… Continue reading Mercedes-Benz Vans at the IAA: Trendsetting innovations.

Tesla modifies product policy to accommodate “good-faith” security research

Electric car maker Tesla Motors has modified its product security guidelines this week to accommodate the work of security researchers. Tesla says it will allow security researchers to register themselves with the company as a “good-faith security researcher” and their Tesla cars as “research-registered vehicles.” The company says it will provide assistance, over-the-air updates, and… Continue reading Tesla modifies product policy to accommodate “good-faith” security research

According to Brandbrief: Forecasts missed and confidence lost – Continental needs the turnaround

loss of confidence Investors have used a massive loss of confidence. Investors find it hard to believe what the Conti leadership promises. (Photo: AP) At the end of July there is still a spirit of optimism in Hanover. Conti boss Elmar Degenhart picks up a spade and shovels sand properly. The start of construction for… Continue reading According to Brandbrief: Forecasts missed and confidence lost – Continental needs the turnaround

Waymo Shifts To ‘Industrializing’ Self-Driving Tech As Robotaxi Launch Nears

Dmitri Dolgov, Waymo’s CTO and vice president of engineering, says after nearly a decade of R&D work and rigorous testing the company is ready to begin its robotaxi service in Phoenix.Waymo It’s nearly showtime for Waymo CTO Dmitri Dolgov. Almost a decade since he and a dozen other engineers went to work on Google’s Self-Driving… Continue reading Waymo Shifts To ‘Industrializing’ Self-Driving Tech As Robotaxi Launch Nears

“Hey BMW, now we’re talking!” BMWs are about to get a personality with the company’s Intelligent Personal Assistant.

Munich/San Francisco. The BMW Group is set to revolutionise driving pleasure with the BMW Intelligent Personal Assistant. From March 2019, BMW drivers and passengers will be joined by an intelligent, digital character that responds to the prompt “Hey BMW”. This will mark the start of a new era for the BMW Group in which drivers… Continue reading “Hey BMW, now we’re talking!” BMWs are about to get a personality with the company’s Intelligent Personal Assistant.

Tesla will meet its Model 3 goal so buy the stock, Oppenheimer says

Stephen Lam | Reuters
A parking lot of predominantly new Tesla Model 3 electric vehicles is seen in Richmond, California, U.S. June 22, 2018.

Oppenheimer believes Telsa will meet its third-quarter targets for Model 3 production and profitability.

The firm reiterated its outperform rating for the electric car maker's shares, citing strong third-party August sales estimates.

Tesla shares rose 1.3 percent Thursday after CEO Elon Musk tweeted that the company was “1st, 2nd & 3rd in August sales,” pointing to a report by InsideEVs.

“While Inside EVs' estimates are just that, estimates, we believe the service has been effective in identifying directional and order of magnitude trends on monthly shipments for Model 3 in lieu of verified data from the company,” analyst Colin Rusch said in a note to clients Thursday. “We believe TSLA is tracking toward achieving its 3Q:18 guidance.”

Rusch reiterated his 12-18 month $385 price target for Tesla shares, representing 37 percent upside to Wednesday's close.

Previously, Tesla gave production guidance for the third quarter of 50,000 to 55,000 Model 3 cars and a gross margin of “roughly” 15 percent for the vehicle.

The analyst noted that InsideEVs estimate for second-quarter Model 3 deliveries was 18 percent below the actual number the company reported. He said if Tesla consistently produces 4,300 Model 3 cars per week, it can reach the high end of its guidance for the third quarter.

“We believe TSLA has the potential to be a transformational technology company and deliver outsized returns,” he said.

Tesla did not immediately respond to a request for comment.

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