VW Golf is loading A car driver puts the charging cable in the front of a VW Golf Hybrid. Loading should be much easier with the help of the new Volkswagen subsidiary Elli. (Photo: AP) Düsseldorf Loading an electric car is not always easy. The standards sometimes change from city to city. Sometimes there are… Continue reading Charging stations from Elli: Volkswagen founds eco-electricity providers for electric cars
Tag: Financial Results
Volkswagen to become a power supplier
The Volkswagen Group is establishing a Group company for energy offerings and charging solutions – underlining its strategic goal of becoming a leading provider of sustainable mobility. Elli Group GmbH with headquar-ters in Berlin is to develop products and services connected with energy and charging for the brands of the Group. Thomas Ulbrich, Volkswagen brand… Continue reading Volkswagen to become a power supplier
Leading the way: Tesla trounces luxury competitors in year-end sales tally
2017 Tesla Model 3
Now that Tesla has released its final sales numbers for the end of last year, we finally have a yardstick to measure the company’s sales success.
In the third quarter, Tesla made a point of noting that, with the Model 3 approaching full production, it became the fifth bestselling—non-SUV—car model in America.
On New Year’s Day, the company reported it delivered 63,150 Model 3s from October to December. That’s up 13 percent from 55,840 from July through September.
READ THIS: Tesla cuts prices $2,000, almost hit 250,000 vehicles in 2018
Taking Tesla's sales numbers at face value for the moment, the company says it sold more Model 3s in the third quarter than some entire brands, including some of its chief competitors, including Acura, Audi, Cadillac, and Infiniti.
Other rivals were also feeling the heat from Model 3 sales. In total Lexus sold 71,107 vehicles and BMW sold 85,949, according to sales numbers from Automotive News (subscription required.)
2018 Tesla Model S and 2018 Tesla Model X
Model 3 sales for Q4 weren’t that far behind entire affordable brands such as Mazda (65,203) and Volkswagen (87,836).
And that’s just one model from Tesla, versus other brands’ entire lineups.
It’s not a direct comparison, because Tesla’s numbers include Canadian sales, while those from other brands are only in the U.S. Still, in the third quarter, Tesla sold about 1,500 Model 3s in Canada, as it focused sales there to delay the expiration of its federal tax credit in the U.S. So the numbers aren’t far off.
Whole lineups
Counting the Model S and Model X (which are exported in greater proportion), the company sold 75,100 cars in the U.S. in Q4, according to Automotive News numbers, more than Lexus (71,107), Audi (55,903), Buick (51,627), Acura (44,451), Infiniti (44,031), Cadillac (41,462), Lincoln (28,307), or Volvo (24,224).
Only BMW and Mercedes sold more, at 95,710 and 101,047, respectively. Using Tesla’s own number of 90,700 sales for the quarter wouldn’t change that order, even though Tesla’s number includes sales of all three of its cars in Canada, and the Model S and Model X around the world.
Head-to-head
When it comes to direct competitors to the Model 3—upscale sedans costing $45,000 to $80,000—the Model 3 trounces all competitors, with the next closest models, the Mercedes-Benz C-Class and the Lexus ES coming in with about 18,000 and 14,000 sales respectively for the quarter. BMW sold 9,847 3-Series sedans, though it has sliced much of that market into niche products such as the 4-series.
DON'T MISS: Tesla Model 3 is fifth bestselling car in U.S., production still short of profitability goal
For the quarter, the Model 3 outsold such mainstays of American roads as the Jeep Grand Cherokee and Wrangler, the Subaru Forester and Outback, and the Honda Pilot. It almost conquered the Toyota Highlander, which had 63,812 sales, and wasn't far behind the Toyota Corolla (68,564) and the Honda Civic (70,724) for the quarter. With its slow production ramp-up early in the year, however, it couldn't approach those top-selling cars for the full year.
Annual sales
Tesla’s slow ramp-up to full Model 3 production was one of the major stories of the year, and the car didn’t start posting big sales numbers until Q3, so many of its sales look less impressive on an annual basis.
For the full year, Mercedes-Benz, BMW, Lexus, and Audi—even Mazda and VW—sold more cars than Tesla. Many of those brands, though, sell full lineups of cars and SUVs in multiple sizes and formats (front-wheel drive/rear-wheel drive; sporty, luxurious, car- or truck-based, for example.) Tesla sells three models: two luxury cars and a crossover SUV.
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Analyst adds Ferrari, Penske to list of top auto stocks for 2019
There is a lot of opportunity in auto dealers, says Consumer Edge analyst
5:08 PM ET Wed, 26 Dec 2018 | 02:48
Brands like Penske and Ferrari could be some of the top auto stocks to buy in the new year, Consumer Edge Research's Jamie Albertine told CNBC on Wednesday.
The automotive research analyst's recommendation follows his November call that higher used-car sales could extend into 2019 “in a major way.”
Carrying a high return on invested capital, or ROIC, Penske Automotive Group has begun moving into the used car retail business, he said. The Bloomfield Hills, Michigan-based company is looking to attract customers seeking value on the used car market, allowing Penske to compete with platforms like Carmax and Carvana, which Albertine said last month has taken advantage of an industry under pressure from tariffs and changing consumer tastes.
“Penske's getting into standalone used sales [with] a lot more force,” he said on CNBC's “Closing Bell,” adding that he has seen a “pivot” among consumers “from new- to late-model used vehicles as the off-lease supply comes back to market.”
Penske shares climbed 2.59 percent on Wednesday amid a marketwide surge, but the stock is down more than 16 percent for the year.
Italian luxury sports car manufacturer Ferrari's stock is another one to watch as the company ramps up production from the 9,000 units it makes annually to north of 14,000 a year, Albertine said. The company is planning to boost car production by as much as 55 percent over the next seven years, he added.
“From a brand perspective, [Ferrari has] one of the most protected customer-loyal brands in the history of luxury, broadly,” he said.
“So, again, focus on quality there, but also some key EBIT margin expansion [and] production expansion, over the … near to medium term,” he said, referring to earnings before interest and taxes, a corporate profitability measure.
Ferrari bounced from a 52-week low Wednesday morning and gained more than 2 percent intraday. The stock is down more than 6 percent from the start of 2018.
Albertine also mentioned General Motors as a stock to watch as the company makes progress in the autonomous vehicle sector with Cruise Automation. Shares of the embattled automaker rose 3.55 percent Wednesday, but have lost over 18 percent for 2018.
Tesla Model 3 price, Hyundai Nexo, used electrics, poll: Today’s Car News
2019 Hyundai Nexo, Topanga Canyon, CA, Oct 2018
For the first time, values on used electric cars have begun to recover. Hyundai delivered its first hydrogen fuel-cell Nexo to a customer in Southern California. And our readers tell us what their electric priorities are for 2019. All this and more on Green Car Reports.
Tesla Model 3 buyers look to be more price sensitive than those who have bought Teslas before. Even after a $2,000 price cut designed to offset the loss of half of the tax credit to the company's buyers this year, the base price on the Model 3 is still $9,000 more than the $35,000 car that many buyers have put down deposits for.
Hyundai delivered its first Nexo hydrogen fuel cell SUV to a buyer in Ventura, California—complete with three years worth of hydrogen fuel baked into the price.
A parachute may have deployed on free-falling values of used electric cars for the first time, giving hope that depreciation may soon not be one of the major concerns for electric-car buyers.
Results are in from our Twitter poll last week, which asked readers what they most hoped for in electric cars for 2019, new models from Tesla and Chevrolet, better access to charging, or lower costs.
Finally, Audi released a video taking viewers behind the scenes in the development of its new e-tron quattro electric SUV.
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Tesla Q2 2018 Vehicle Production and Deliveries
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Tesla Q2 2018 Vehicle Production and Deliveries
Jul 02,2018
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Tesla Q2 2018 Vehicle Production and Deliveries
PALO ALTO, Calif., July 02, 2018 (GLOBE NEWSWIRE) — In the last seven days of Q2, Tesla produced 5,031 Model 3 and 1,913 Model S and X vehicles.
Tesla team celebrates production milestone
Tesla team celebrates production milestone
Q2 production totaled 53,339 vehicles, a 55% increase from Q1, making it the most productive quarter in Tesla history by far. For the first time, Model 3 production (28,578) exceeded combined Model S and X production (24,761), and we produced almost three times the amount of Model 3s than we did in Q1. Our Model 3 weekly production rate also more than doubled during the quarter, and we did so without compromising quality.
GA4, our new General Assembly line for Model 3, was responsible for roughly 20% of Model 3s produced last week, with quality from that line being as good as our regular GA3 line. We expect that GA3 alone can reach a production rate of 5,000 Model 3s per week soon, but GA4 helped to get us there faster and will also help to exceed that rate.
Tesla expects to increase production to 6,000 Model 3s per week by late next month. We also reaffirm our guidance for positive GAAP net income and cash flow in Q3 and Q4, despite negative pressures from a weaker USD and likely higher tariffs for vehicles imported into China as well as components procured from China.
Q2 deliveries totaled 40,740 vehicles, of which 18,440 were Model 3, 10,930 were Model S, and 11,370 were Model X. Model S and X deliveries are in line with our guidance provided on May 3. As we previously noted, we are in the process of changing the quarterly production pattern of those vehicles for the various worldwide regions to ensure a more linear flow of deliveries through the quarter. Both orders and deliveries for Model S and X were higher in Q2 than a year ago. Our overall target for 100,000 Model S and Model X deliveries in 2018 is unchanged.
11,166 Model 3 vehicles and 3,892 Model S and X vehicles were in transit to customers at the end of Q2, and will be delivered in early Q3. The high number of customer vehicles in transit for Model 3 was primarily due to a significant increase in production towards the end of the quarter.
The remaining net Model 3 reservations count at the end of Q2 still stood at roughly 420,000 even though we have now delivered 28,386 Model 3 vehicles to date. When we start to provide customers an opportunity to see and test drive the car at their local store, we expect that our orders will grow faster than our production rate. Model 3 Dual Motor All Wheel Drive and Model 3 Dual Motor All Wheel Drive Performance cars will also be available in our stores shortly.
The last 12 months were some of the most difficult in Tesla’s history, and we are incredibly proud of the whole Tesla team for achieving the 5,000 unit Model 3 production rate. It was not easy, but it was definitely worth it.
**********************
Our delivery count should be viewed as slightly conservative, as we only count a car as delivered if it is transferred to the customer and all paperwork is correct. Final numbers could vary by up to 0.5%. Tesla vehicle deliveries represent only one measure of the company’s financial performance and should not be relied on as an indicator of quarterly financial results, which depend on a variety of factors, including the cost of sales, foreign exchange movements and mix of directly leased vehicles.
Forward-Looking Statements
Certain statements herein, including statements regarding future production and delivery of Model S, Model X and Model 3, expected cash flow and net income results, and growth in demand for our vehicles, are “forward-looking statements” that are subject to risks and uncertainties. These forward-looking statements are based on management’s current expectations. Various important factors could cause actual results to differ materially, including the risks identified in our SEC filings. Tesla disclaims any obligation to update this information.
Photos accompanying this announcement are available at
http://www.globenewswire.com/NewsRoom/AttachmentNg/aa9b5409-599a-46f3-8b1f-c0462685bf85
http://www.globenewswire.com/NewsRoom/AttachmentNg/c7a0548f-144b-4738-a166-5d9e9612d114
Source: Tesla, Inc.
Tesla Announces Date for Second Quarter 2018 Financial Results and Webcast
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Tesla Announces Date for Second Quarter 2018 Financial Results and Webcast
Jul 18,2018
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Tesla Announces Date for Second Quarter 2018 Financial Results and Webcast
PALO ALTO, Calif., July 18, 2018 (GLOBE NEWSWIRE) — Tesla will post its financial results for the second quarter of 2018 after market close on Wednesday, August 1, 2018. At that time, Tesla will issue a brief advisory containing a link to the Q2 2018 Update Letter, which will be available on Tesla’s Investor Relations website. Tesla will hold a live question and answer webcast that day at 2:30pm Pacific Time (5:30pm Eastern Time) to discuss the Company’s financial and business results and outlook.
What:
Date of Tesla Q2 2018 Financial Results and Q&A Webcast
When:
Wednesday, August 1, 2018
Time:
2:30pm Pacific Time / 5:30pm Eastern Time
Shareholder Letter:
http://ir.tesla.com
Webcast:
http://ir.tesla.com (live and replay)
Approximately two hours after the Q&A session, an archived version of the webcast will be available on the Company’s website.
For additional information, please visit ir.tesla.com.
Source: Tesla, Inc.
Tesla Releases Second Quarter 2018 Financial Results
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Tesla Releases Second Quarter 2018 Financial Results
Aug 01,2018
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Tesla Releases Second Quarter 2018 Financial Results
PALO ALTO, Calif. , Aug. 01, 2018 (GLOBE NEWSWIRE) — Tesla has released its financial results for the second quarter of 2018 by posting the current Update Letter on its Investor Relations website. Please visit http://ir.tesla.com to view the letter.
As previously announced, Tesla management will host a live question & answer (Q&A) webcast at 2:30 p.m. Pacific Time ( 5:30 p.m. Eastern Time ) to discuss the results and outlook.
The webcast will be archived on the company’s website following the call.
Source: Tesla, Inc.
Uber’s IPO may not be as eye-popping as we expected
Uber is expected to raise $10 billion later this year in one of the largest U.S. initial public offerings in history. The float will value the ride-hailing giant somewhere between $76 billion — the valuation it garnered with its last private financing — and $120 billion — a sky-high figure assigned by Wall Street bankers… Continue reading Uber’s IPO may not be as eye-popping as we expected
Siemens Mobility’s new tram Avenio M begins service on new Line 2 in Ulm, Germany
Siemens Mobility’s new tram Avenio M begins service on new Line 2 in Ulm, Germany
All twelve trams handed over to SWU Verkehr GmbH
First series service for multi-articulated Avenio M
First Avenio fleet with “Siemens Tram Assistant” collision warning system
MUNICH, 10-Dec-2018 — /EuropaWire/ — The Avenio M from Siemens Mobility has begun service on the new Line 2 in Ulm, Germany. The approximately ten-kilometer long tram line, which connects Ulm’s Science City with the Kuhberg district, was officially inaugurated yesterday by SWU Verkehr GmbH. The new trams from Siemens Mobility will be used on the city’s entire tram network (Lines 1 and 2).
In May 2015, SWU Verkehr GmbH commissioned Siemens Mobility to deliver twelve multi-articulated trams from the Avenio M series. The first tram has been operating on Line 1 in Ulm since the summer of 2018, and Siemens Mobility has in the meantime handed over all twelve trams. With today’s timetable change, the new trams will officially begin scheduled passenger service on the new Line 2.
“The start of passenger service in Ulm is especially important for us in two respects. For one, Ulm is the first city to operate the new multi-articulated variant of the Avenio tram. For another, this is the first time our new “Siemens Tram Assistant” collision warning system is being used. By making trains and infrastructure intelligent, we guarantee availability and increase safety in urban traffic,” said Sabrina Soussan, CEO of Siemens Mobility.
The Siemens Tram Assistant is installed in all of Ulm’s Avenio tram fleet. The system informs the tram driver of critical situations with the help of lidar and radar sensors, helping to avoid accidents.
The Avenio M has been optimized to operate on the Ulm tram routes with their steep grades. Designed as a modular, multi-articulated tram, the Avenio M adapts flexibly to the infrastructure. The tram’s weight-optimized aluminum body and state-of-the-art electrical systems minimize its energy consumption.
For further information about Siemens Mobility, please see: www.siemens.com/mobility
Siemens Mobility is a separately managed company of Siemens AG. As a leader in transport solutions for more than 160 years, Siemens Mobility is constantly innovating its portfolio in its core areas of rolling stock, rail automation and electrification, turnkey systems, intelligent traffic systems as well as related services. With digitalization, Siemens Mobility is enabling mobility operators worldwide to make infrastructure intelligent, increase value sustainably over the entire lifecycle, enhance passenger experience and guarantee availability. In fiscal year 2018, which ended on September 30, 2018, the former Siemens Mobility Division posted revenue of €8.8 billion and had around 28,400 employees worldwide. Further information is available at: www.siemens.com/mobility.
MEDIA CONTACT
Ms. Eva Haupenthal
Siemens Mobility GmbH
Otto-Hahn-Ring 6
81739 Munich
Germany
Tel: +49 (89) 636-24421
eva.haupenthal@siemens.com
SOURCE: Siemens AG
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