Despite Tesla’s best efforts, the Texas legislature this week opted not to pass a bill which would have allowed the electric automaker to sell cars directly to consumers. Instead, if Tesla wants to sell its highly revered vehciles in the lone star state, it looks like it’s going to have to do it through local franchise dealers, something the company has no intention of doing.
Tesla’s Powerwall home battery is already a hit, and the device could prove to be quite useful in a variety of instances, including keeping the lights on during a power outage or feeding back energy to the grid. But how how much power can Tesla’s new Powerwall battery store, and how can you quantify it in the context of the devices in your home? More →
Last week, Bloomberg crunched some numbers and estimated that Tesla has already received a crazy $800 million worth of reservations for its Powerwall and Powerpack batteries. To put this number in context, Bloomberg compared this number to the early sales numbers of products such as the iPhone and Viagra and has found that “if Tesla converts even a fraction of those reservations into actual sales, the battery roll-out could measure up as one of the biggest ever for a new product category.” More →
When Elon Musk said demand for Tesla’s new home batteries was “crazy off the hook,” it seems he wasn’t exaggerating. Bloomberg has crunched some numbers and has estimated that Tesla has already taken $800 million worth of Tesla Powerwall and Tesla Powerpack batteries. Breaking things down a little further, Bloomberg says that Tesla has likely received just under $179 million worth of Powerwall reservations and $625 million worth of Powerpack reservations. Tesla has already said that it’s received 38,000 total reservations for Powerwall and 2,500 reservations for Powerpack, so figuring out how much revenue they generated is a matter of simple arithmetic. More →
Tesla’s recently introduced battery packs, for both home and utility use, are already proving to be tremendous successes. If you recall, Tesla last week introduced a Powerwall battery pack (available in 7kWh and 10kWh configurations) for home owners alongside a Powerpack battery designed for corporate use and utility companies.
During Tesla’s earnings conference call this week, CEO Elon Musk said that the response to Tesla’s new batteries has been overwhelming and “crazy off the hook.” Impressively, the Powerwall has already yielded 38,000 reservations while the industrial-oriented Powerpack has netted 2,500 reservations.
During Tesla’s earnings conference call on Wednesday, Elon Musk finally disclosed when Tesla plans to begin production of the highly anticipated Tesla Model 3, and what it will look like. What’s more, Musk at long last gave us a launch window (read: year) that, we can only hope, won’t be subject to change in the months ahead.
Tesla recently unveiled its Powerwall battery system that aims to change the way we use and store energy in our homes. However, Bloomberg is reporting that the 7kWh Powerwall doesn’t yet work well with rooftop solar power sources, which could be a major issue for early adopters hoping to use it as a way to store energy generated by rooftop solar panels. In fact, Bloomberg says that even SolarCity — the solar power supplier that’s chaired by Tesla CEO Elon Musk — won’t be supporting the 7kWh version of the Powerwall when it launches. More →
Late on Thursday, Tesla finally unveiled a brand new product, one that’s not a car but was detailed long before Tesla CEO and co-founder Elon Musk took the stage at Tesla’s Design Studio to announce it. The Tesla home battery, which lacked an official product name in all the rumors and reports that preceded the keynote, will be known as the Powerwall. And the device can already be reserved online for a summer delivery. More →
Tesla this week will unveil a brand new product that’s not a car, yet it’ll feature some of the same amazing energy technology found in its electric vehicles. According to hints coming directly from Tesla as well as many other reports from the media, the new product line includes home batteries that could power a house during blackouts, but also batteries that could be used in stores and other large facilities. More →
With a share price that’s consistently hovering in the $200 range and an award-winning car, Tesla these days is sitting pretty. But before Tesla began selling Model S cars faster than it could make them, there were a lot of questions surrounding the company’s ability to turn a profit, let alone thrive as a viable entity.
In a bombshell revelation posted by by Bloomberg, and excerpted from the upcoming book Elon Musk: Tesla, SpaceX, and the Quest for a Fantastic Future, we learn that Tesla CEO Elon Musk was extremely close to finalizing a deal to sell the entire company to Google.
In every country around the world where the Tesla Model S is sold, demand far outstrips supply. That is, every country except one. The lone outlier is China, where Model S have been wildly disappointing and way below both analyst and Tesla’s expectations. Recently, Tesla CEO Elon Musk explained that part of the problem was that he was “misled” by Chinese speculators who ordered cars but never ended up buying one.
Despite lackluster sales in China, not to mention the delayed rollout of the highly anticipated Model X, Tesla is as strong as ever.
Tesla this past Friday announced that they delivered a whopping 10,030 cars during the first quarter of 2015. Note that the figure pertains to cars that actually ended up in consumer hands. Which is to say, the company’s overall sales figures were likely a tad higher.