Tesla produced 7,400 Model 3 sedans in the first two weeks of the quarter, report says

David Paul Morris | Bloomberg | Getty Images
Tesla vehicles are transported on a truck after leaving the company's manufacturing facility in Fremont, California, on Wednesday, June 20, 2018.

Tesla has produced 7,400 Model 3 mid-sized sedans in the first two weeks of the quarter, according to a report in Electrek, citing unnamed people.

That would mean Tesla has so far produced 3,700 Model 3's per week, short of the goal of 5,000 cars per week Tesla has been aiming for and occasionally hit. The report attributes this to an anticipated production slowdown early in the quarter.

Overall, the automaker is has made 11,500 cars total in the first weeks of the quarter, Electrek said.

Tesla has struggled with production on the Model 3 in the past. It had originally aimed to make 5,000 cars in a week at the end of the 2017, but did not reach that goal until the end of the second quarter this year. However the company did deliver more vehicles in the third quarter than analysts expected. At the time, the automaker said production had stabilized.

Tesla declined to comment.

Read the full story at Electrek

Israel plans to end internal combustion car sales by 2030

Better Place new car parking lot, showing multiple new Renault Fluence ZE electric cars, Israel
Add Israel to the list of countries planning to ban sales of cars that run on gasoline and diesel fuel.

The Jewish state, however, has put internal combustion engines on a shorter leash than most other countries that have announced such plans.

By 2030, the Israeli Energy Ministry announced on Tuesday, cars and trucks that run on gasoline or diesel fuel will no longer be available in the country, according to a Reuters report.

The country plans to replace internal combustion cars with electrics and to replace gas and diesel trucks with natural gas.

READ THIS: UK to ban diesel, gasoline car sales by 2040; follows France, Norway, Holland bans

Israel has both greater incentive and easier ability than many countries to execute such a plan.

It is geographically small, about the size of New Jersey, with major population centers near each other, minimizing the amount of new infrastructure required.

And it sits in the politically volatile Middle East, without its own oil and surrounded by adversaries who control much of the world's supplies. Several have policies dedicated to Israel's destruction.

The country briefly had an experiment with its own electric cars, made by Renault, designed to be used with a network of Project Better Place battery swapping stations. Better Place, however, went bankrupt in 2014.

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Israeli Energy Minister Yuval Steinitz told Reuters the challenge is to create a critical mass of electric cars to create an economic incentive for supporting businesses around them—such as charging stations, and service companies with battery expertise—and away from internal combustion cars. That time might come around 2025, when he expects the country to have 177,000 electric cars on the road.

“From 2030, we won't allow anymore the import of diesel or gasoline cars to Israel,” he said. “We are forcing companies to bring electric cars to Israel and for oil and gasoline companies to shift to charging stations in their gasoline or petrol stations.”

The country plans to reduce taxes on electric cars to “almost zero,” he said, and recently funded the installation of 2,000 charging stations.

The government still needs to approve the plan, which is expected to happen by the end of the year.

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Charging Your Chevy Bolt EV In The Most Insane Way Possible

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Tesla says orders placed by October 15 eligible for full tax credit

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Does Faraday have a Future? Latest financing disrupted—again

Faraday Future completes first pre-production FF91 on August 28, 2018
Faraday's Future has hit another snag, in a dispute with the company's latest investors.

The development of the luxury electric Faraday Future FF91, has been a roller-coaster ride of winning financing, running into disputes, delaying the car, and finding new investors.

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The latest round of $2 billion in financing announced in June by a Hong Kong investment company, allowed the company to produce its first production prototype of the FF91 luxury electric SUV.

Now that financing is in doubt after Faraday filed an arbitration suit against Evergrande Health, the Hong Kong investment company saying it hasn't produced the first $700 million round of promised funding. Evergrande responded that Faraday had not met investment targets to release the money.

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In the on-again-off-again saga of Faraday Future's development of a high-end luxury electric car, the company introduced the car with a flashy evening reveal at the Consumer Electronics show in 2017 and broke ground on what was expected to be a massive factory in Las Vegas.

No sooner had the cornerstone been laid than financing evaporated, and the car went into hibernation.

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Since then, the company has secured liquidity and run aground twice. An investment last fall allowed the company to lease a former Pirelli tire factory in California's Central Valley. Another round of funding last February quickly evaporated, before Evergrande threw Faraday a lifeline in June.

With Faraday now running into rocky shoals again, it's not clear who or what might bail them our now—and enable the production they'd been working toward.