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.
Tesla will announce a new product at the end of April that’s not a car, CEO Elon Musk recently announced without revealing any further details. Even so, most people are expecting the secret product to use some of the technology developed by the company for its electric vehicles. Specifically, Tesla is said to launch a battery that’s big enough to power an entire home, and one analyst has apparently found out everything there is to know about it. More →
For as admittedly great and revolutionary as the Model S is, Tesla’s luxury sedan hasn’t performed all that well in China. From regulatory hurdles regarding supercharger rollouts to practical considerations such as dense urban populations, there have been no shortage of explanations seeking to pinpoint why Tesla just hasn’t been able to crack the Chinese market in a big way. Indeed, Tesla last month was forced to announce job cuts in China on account of less than stellar sales.
Tesla CEO Elon Musk revealed on Monday that his company is planning to announce a “major” new product on April 30th and that it won’t be a new car. Musk offered no hints about what this new product will be but there’s good reason to believe that it will have to do with entering the market for home energy storage. More →
This week has been packed with Tesla news, from the announcement of a software update that will ensure drivers never run out of battery to the ability to put the car on autopilot, so it only makes sense to wrap the week up with a video of the Tesla Model S P85D shredding asphalt at a racetrack. More →
Tesla’s electric cars are a dream come true for some drivers, but that doesn’t mean the amazing vehicles can’t get even better. In addition to its Thursday announcement aimed at ending “range anxiety” in Tesla cars, the company also announced that the Model S will receive a software update that will enable limited automated driving, The Verge reports. More →
The futuristic Tesla Model S is about to get much cooler and a whole lot safer. As promised, Tesla CEO Elon Musk on Thursday delivered a number of important announcements regarding the highly revered Model S.
First and foremost, an upcoming software update to the Model S will include a “range assurance” application that will alert users when they drive out of charging range. By keeping tabs on how much juice is left in the car and always monitoring how far or close the nearest charging stations are, the car’s software promises to relieve range anxiety altogether. As Musk boldly stated, the new software update will make it “basically impossible” for a user to run out of charge before finding a station. Impressively, the software will be “smart” enough to assess if nearby charging stations are full or temporarily out of service.
With Tesla proving that there’s a bustling market for electric cars, a number of more traditional automakers have started devoting tremendous resources towards electric car development. BMW is of course one such example, and just a few weeks ago we began to see rumblings that even Apple has plans to develop an electric car of its own.
Now comes word that Porsche is also toying with the idea of releasing an electric car. While Porsche is already one of the world’s top luxury automakers, the Volkswagen owned brand is reportedly interested in attracting a new subset of customers: Those who prioritize environmental cleanliness.
Although you can drive Tesla vehicles for a long time on a single charge, many drivers still get range anxiety when they go on long drives simply because there are so comparatively few charging stations compared to, say, gas stations. However, Tesla CEO Elon Musk on Sunday vowed that his company would end so-called “range anxiety” this week via an over-the-air software update that would be announced this coming Thursday. More →