Danish Government Accuses Tesla For Defrauding Tax Law In Europe

The electric car maker could be defrauding the Danish government in order to avoid payment of tax on the sales of its electric cars in the country.

Tesla Motors has found itself in some serious trouble with the European government over delivery of electric cars and news suggests that it has allegedly been carrying out by breaking the laws in Denmark. According to the reports, the electric car maker is currently being accused of breaking the law in the region, as it has applied for registration of around 2,000 smart cars right before the expiration of the tax break that is to take place within the country soon. This act of the giant is being considered as a huge violation of the rules set by the Danish government, as the officials believe that the giant is working in a way that might be defraud authorities on many different levels.

The massive number of cars that have been put in line for the purpose of registration is being considered as an act to get a majority of its luxury cars through the government without having to face the tax break and this has greatly offended the authorities. Minister of Taxation of Denmark, Karsten Lauritzen, has stated in a recent press release that the idea of attaining a huge number of cars in bulk and to have intentions of selling them again is against the law.

Even though there is a possibility of the same number of orders to be received by Tesla business from the Danish region in the same time period, the officials believe that this is highly metaphorical and could possibly not be true. Also, Lauritzen’s statements also suggested that the electric vehicle maker might simply be working to turn the law around and to break the rules in a way that might not get the authorities’ attention.

Tesla cars being delivered in the region in such a huge number are basically believed to avoiding paying the tax duty in the European country and this suspicion has been backed up by the actions of the auto giant, which it has been carrying out lately.  However, its efforts to dodge the tax might not come to work any time soon, as the Danish government made an official announcement to the market that all the new tax rules which will be made for other auto luxury car makers, will also be needed to followed by the American company without any change or bend in the rules.

This implementation of the new tax law will see the registration fee being paid by the smart car maker over each car that it sells in the country. This will also be the first time that the company pays tax over its cars in such a big amount.

Tesla Breathes In New Life In Incentive Program

Tesla offering innovative incentives to Tesla owners through Referral Program.

Tesla Motors Inc, the electric vehicle manufacturer has taken its referral program to a whole new dimension as the company has made up its mind to reposition its incentive program for all those who own their Model X, Model S and Roadster. Since the decision has been made, there have been disputes in a few states but overall the results are positive. Tesla Motors official website initially depicted that the referral program by the firm ill end on October 31 but it now says that the offer is extended till the end of 2015. Despite the basic $1,000 benefit has now been removed for the electric car owners but there are other interesting discounts for the Tesla lovers. All those TSLA owners who will make the most referrals in the Asia Pacific, North America and Europe will now be entitled to Model S P90D. Along with that, these people will get the exclusive VIP passes for the launch od Model 3 that will include traveling and accommodation expense. Apart from that, fanatics, who make ten referrals in the regions highlighted, will be entitled to getting Powerwall with Installation – the Tesla battery for domestic use. All those who give more than 10 referrals will directly qualify to win the invitation for the Model 3 event. They will also get the same benefits like mentioned earlier but the only difference will be that accommodation and travel allowance won’t be included. Moreover, those who make the last five referral will get invites to the launch of the company’s Gigafactory. All these incentives will be offered to the car owners once the referrals they’ve made to accept the car’s delivery. The incentive for buyers through referrals is that they get a $1000 discount on the purchase. The company has taken a very smart decision that will certainly engage the Tesla car owners. Word of mouth is a great way to market any product and if people are incentivized for this type of marketing then what can be better for them. Moreover, the incentive the company is offering is actually very attractive. Just imagine who wouldn’t want to attend the launch of the much hyped Model 3. The event will be a top notch event along with all the facilities free of cost. So if you own a Tesla car then try your best to lure people and then wait to experience the magic. Tesla stock closed at $225.33 on Monday.

Tesla Motors Inc New Over The Air Feature To Attract Potential Investors

The auto making giant is rolling out the new OS named Tesla 7.0 in all of its vehicles within a period of five days only which is being taken as a great step towards a stock upgrade in the near future.

Tesla Motors was seen to roll out the new Model X car a couple of weeks back, which was given by the audience with mixed emotions. The auto making giant has managed to come up with some ideas to update the software of its cars which has not only surprised and excited the analysts covering the stock of the giant but also the investors in the company, who had previously been turning a little bearish towards the negative comments going around in the market lately. The new Tesla 7.0 is the newly released updated OS which has been launched by the auto giant, which is attracting quite a lot of attention towards it from all around the industry and that too, for all the right reasons. The new autopilot system that has been released for Tesla cars is being considered as a feature that changes a lot for the giant in the upcoming days. Analysts are seen talking about how the giant is capable of bringing a change to the driving experience of the customers by a huge difference, which is also going to make things easier for the investors to know how much of a great option the company’s stock are to invest in. Out of all the updates that have been rolled out by Tesla business, the most interesting and captivating one is hands down the over the air update which has been drawn to the technology installed in the cars. The autopilot option that has been launched in the new cars is another interesting feature to be considered as it will allow the cars to be guided with particular instructions to go about the way the customer want it to, and will also be able to keep a check on the speed of the electric vehicle. However, Elon Musk, the CEO of the electric car making company, has repeatedly informed the industry about how the autopilot option does not mean that the car is an autonomous one and has informed everyone that this could just be taken as a testing version of the technology that the giant wishes to work with. On a more important side, the analysts believe that the major upgrade that Tesla stock is capable of receiving is because of how fast the new operating system is going to be launched in all of its previously launched models, namely Model S and Model X cars. These vehicles will be upgraded with the new OS in only about five days which is being considered as a major pull the giant’s stock might take in the near future.

Tesla Model X All Set To Hit The Roads

The auto making giant is working right on schedule and is all set to release its new Model X on Tuesday, September 29.

Tesla Motors is all set to make the much awaited big release of its Model X car, which is to take place on Tuesday, September 29. The auto making giant first announced the car’s idea three years back in 2012 and as per the repeatedly changing schedule and launch date, the firm has finally come around to make the big release. The delays made during the car release have taken place in the past due to many problems that were faced by the giant. The price tag with which the new model will be available is going to be around $40,000, which is also being taken as a step by the giant to enter the auto market for the masses. Tesla cars have previously been entirely set for the elite class of the society, as the price tag the electric vehicles carry is a little too difficult for the middle class man to afford. The company is comfortably known to be setting its standard way too high, first making itself entirely for the high end customers and now is working towards hitting the masses as well. This is going to be carried out by the giant through an electric car, which will be made in to an affordable car for the customers. Analysts believe that this is just an attempt by the company to make sure more and more EVs reach the road in near future, so that the firm can reach its target of scoring the highest number of electric hybrid cars on the roads by 2020. Given the different issues Tesla has so far faced regarding the launch of the new Model X, now the expected delivery of the smart cars will be done next year by the month of February. The auto company has decided to deliver out the first cars of the models to limited customers who have signed deals with their signature reservations. These deliveries will be made right before the third financial quarter of the year ends. Another thing to be noted down is that all the customers with the signature deal were given the liberty to choose from different colors and also decide on the kind of interior that they would want to get for their new electric car. Furthermore, it will be seen that apart from the Model S project that the firm is carrying out, the price of the Model X cars will be higher than even Model S sedans, which is entirely due to the high end design and structure that the company is going to offer to its customers.

Tesla Motors Inc Deemed To Strong To Be Beaten By Any Other EV Maker For Now

The electric car maker is all set roll out its battery pack with a boom in the market which is going to make sure that the stock of the firm remains stronger than ever for a long period of time. The famous electric car maker, Tesla Motors, has already been covered in the news enough times to know that the firm is working on building up a Gigafactory to produce lithium-ion batteries, not only to be used in its cars but also in households to conserve energy and save on electricity bills. News suggests that once the production of batteries starts properly, the electric vehicle producers will be helping the battery users by lowering down prices of individual prices by a huge difference. It could even end up lowering prices by a massive seventy percent by the time these batteries are available in the market. However, all the factors which could supposedly be helping the auto company to lower down the electric batteries are not only related to the economies of scale, but they are also majorly influenced by the improved technology that the firm is seen to be using to produce these batteries in the first place. According to Jefferies’ analyst Dan Dolev, Tesla is believed to be performing just fine lately which is why a price target of $365 has been granted to it by the firm believing it to have the potential to turn tables in not only the auto industry but also the battery making business which has already given a lot of reasons for the firm to step into the venture in the first place. The same analyst is also of the opinion that since the firm is producing these batteries on a huge level now, it can be predicted that in a little while only the giant brings down the price of a pack of batteries from the alleged $250 per kWH to a shocking $88 per kWH. Dolev has also repeatedly said that the luxury car maker is also working towards making these battery packs as widespread as ever which is why the prices are expected to fall on such a huge level. On the other hand, analysts are considering this statement of Jefferies’ analyst and are discussing how the hybrid car maker can end up going up on the gross margin by an eminent difference by the year 2020, which is also the year that the firm has aimed to get a really high number of electric hybrid cars on the roads. On the other hand, if the gross margin of the firm is improved, this will provide the giant a whole new chance to make sure that the Model 3 EV, which is to get released in a couple of years, to be carried out without a problem. 

Tesla Motors Inc (TSLA) Threatened Yet Again By Audi's New Electric Vehicle

The auto making giant could be facing serious competition from German auto maker Audi which has announced plans of making a new SUV of its own.

Tesla Motors has been the pioneer in the electric car making business and has earned a lot of fan following and faithful customers with its EVs that have determined customers satisfaction to no end. The auto making firm has shown how much the EV industry’s potential is and how the firm has gained over the period of time by selling the idea along with high technology smart cars to the public who have only emerged to love the cars without many complains. However, following the success story of the firm, many other auto companies in the industry have shown interest in making smart cars as well which just shows that Elon Musk’s firm has actually managed to make a whole new trend in the auto industry which with a completely new technology to support it. At the much talked about Frankfurt Motor show, it was seen that German auto making company Volkswagen AG subsidiary, Audi and Porsche announced to the show audience that it will be releasing EVs which are backed up by completely new ideas and concepts which will result in making the firm’s car different than the ones having launched in the market already. As per a news report published by Reuters, it was see that the audience was made excited to no extent when all these announcements were made by the firm and the e-tron quatrro concept that the auto maker is reportedly working on for its own electric car turned quite a lot of heads at the motor show. Audi will be working on its first sports utility vehicle ever and the new technology that it has decided to put into action for the project seems to gaining some great reviews from critics. This car will be able to run a massive 500 km with a single full charged electric battery, which again is something that Tesla cars should be taking into consideration. Even though the dominance that Tesla business has in the electric car making industry cannot be matched at this time, but if other giants like Audi and Porsche start a proper business of making EVs in the future, chances are that the firm ends up in some trouble after all. Musk’s company started with making luxury cars in the first place with a very high price tag but with the passage of time, it can be seen that the firm is now considering making cars that are almost half the price of the Model S cars but is fueled by an electric battery only.

Could Tesla Be Providing Free Charging For Model X?

The auto making giant has decided to offer free charging facility even for the upcoming Model X SUVs.

According to the recent Tesla news, it has been going around the market how the auto making giant is all set to launch its first SUV ever and that too by the end of the current month. There are a number of questions that circulate around the industry before a product or car is launched in the market and one of them regarding the new car that is on its way to get released is: will the auto giant provide free charging facility to the new car owners as well? Over the period of time the electric car makers have shown the critics that they are capable of attracting the right customers towards their cars with the excessively user friendly offerings made to the users at every point. As per common knowledge of the market, Tesla cars have been coming in with a facility of free charging at different locations all around the country which has made the cars made by the auto giant all the more attractive. The speed with which the firm has taken control of auto industry has indeed been very astounding, with hundreds of charging stations established on highways and subways to bring ease to the owners of company’s electric vehicles. The Supercharger stations that are currently on the records have come around to be 2,871 all around the country which is being taken as a success that needs to be taken into consideration by other electric car makers as well, as this has made Tesla stronger than ever. In a recent report that was provided by the company itself, it was informed that the free charging facility is helping the luxury car makers to grow at a very quick speed and also bring more and more people to invest in buying electric cars of the auto giant. Tesla, on the other hand, has been in talks within the management to make things work for the customers by providing them free charging even for the upcoming SUVs, so that there are no reservations towards the firm. Furthermore, analysts all around the market have agreed that hands down, the biggest reason that the smart car maker sells its car in such a big number is due to the free charging facility which has taken the industry by storm. On the other side, the firm has also managed to create a feeling of anticipation for the car already and analysts believe that following the news that free charging will be available again, it could be easily predicted that the company enjoys high sales of the car in the coming time.

Tesla Creates Hype For Model X

The smart car makers have reportedly received around a 30,000 orders for the upcoming Model X SUV, which has garnered a lot of attention from the investors and analysts.

Tesla Motors seems to be enjoying the hype that is being created for one of the most talked about SUVs of all times. The auto making giant has reported that it will be launching its first sport utility car sooner than later which has created quite a stir in the market.

Analysts in the equity industry are seen talking about how the smart car making giants have received more attention that they have ever spent on the advertising of the cars which is something that can be considered as a good point on the firm’s part. Just like Apple, the hybrid car makers have managed to create a classic brand of their own which is why the hype for electric cars has only shown signs of growing without subsiding at any point.

Recently, news was released by sources that Tesla cars are indeed one of the most sought after luxury cars and this was confirmed by how the auto giant recorded a massive number of 30,000 bookings for the upcoming SUV already, without even releasing a proper picture of it. This showed how the customers seem to be a little too satisfied with the quality in cars that they have received by the company and also their trust in the design the firm is currently making as they have signed up for the cars without even having a look at it, something that definitely shows how the company has mastered in publicizing its products.

According to Tesla Motors Club, the details of the orders that have been placed so far by the customers came up on the surface which showed how the car making giant has received a total of 31,195 orders so far by the people. However, the doubt of cancelling out the order was also considered and even after that, the total car orders that came around to with confirmation wad 26,892.

The Model X SUV is to be released by the end of the current month and the date presented by the electric car makers on September 29. Last year, the firm announced the launch of the new car in August and right after that, it was seen that a huge 1,730 cars were booked by the customers, around a year before the actual release. The increase in number was observed with every passing day and analysts believe that the numbers could increase some more before the actual launch date of the car. The cars that are being booked by the customers will be delivered to them following the release on 29th of the month.

Tesla To Be Challenged By Netflix China With An Electric Vehicle

The auto making company has yet again been challenged by a Chinese entertainment firm, which is all set to launch its own EV in the coming year.

Tesla has yet again been challenged by another firm, this time the Chinese Netflix, as the firm has announced recently announced that it will be launching an electric car in the coming year which is going to prove as a competition that the EV makers need to be worried about.

The electric car makers are considered to be the pioneers in the industry and also quite properly established in the business to be challenged by a smaller company but Jia Yueting, the Chinese firm, believes it can handle the pressure and turn out to be a huge success once it actually launches its smart hybrid car. Furthermore, this car is scheduled to be released first at the Motor Show that is to take place next year in April in Beijing.

This news has been quite a surprise for the analysts in the market but if a little follow ups are made on Yueting’s recent activities, it will be seen that a new deal was signed up by the firm with British auto making company Aston Martin. The auto giant has signed the contract for a completely different reason and that is to make its cars be equipped with high class components that make the customers not only happy but also comfortably satisfied with the offerings of the vehicle. These vehicles are expected to be entirely electric ones which is why it is being speculated that the Chinese firm could be getting the idea to make an electric car of its own while taking ideas and expertise from the British auto maker.

Back in the month of May, a news article published by the Business Finance News showed how Aston Martin is all set to work on a smart car which will be equipped with a new technology DBX concept. This new concept has recently been launched by the firm for its customers.

As per the report that has stirred the auto industry, it came around to the investors’ attention that the Chinese entertainment company seems to be quite sure about what it wishes to do as it has engaged a massive six hundred employees in the car making project and is all set to give Tesla competition it cannot ignore. The Chinese firm has also taken help and expertise from many other auto makers for the same project and by the looks of it, it shows that company from China could actually end up making a smart car that surprised the whole industry.

Tesla Motor 3 Line-Up To Feature A Crossover

Tesla upcoming Model 3 line-up to boast of a crossover.

Tesla Motors Inc. does not really say much when it is about the mass market of their Model 3. But, the firm’s chief technical officer, Mr. JB Staubel has unveiled certain details regarding third third-gen vehicle. According to the Wall Street Journal, the electric car manufacturer will launch the Model 3 that will be under the crossover and sedan category where he claimed that it is not a conventional car model.

As reported by Market Watch, the EIA Energy Conference which took place on Monday showcased the Model 3 portfolio as “cars beyond”. According to the company, Tesla has forecasted that almost one million vehicles will make their way to the roads by the end of this decade. Moreover, the company has plans to touch 0.4 million EVs when it comes to the annual production capacity.

Wall Street Journal reported that Mr. Straubel believes that the EV technology will play a substantial role in shaping the future of the automotive industry. It is likely that the battery-powered vehicles “will become the predominant and primary fuel for light vehicles,” and thus it will allow them to match the “internal combustion engine (ICE) systems’ potential.”

In order to make this happen, the company has started to work on their Gigafactory. This is a venture worth $5 billion that showcases lithium ion batteries. According to Tesla Motors, this factor will become the largest battery factory that is like to boost the costs of EV battery in order to make vehicles affordable.

This can be governed through the price of Model 3 which is said to be $35,000 before it was $75,000 tax credit reports the automaker. This actually means that great mart for the company’s EV’s prices will be lower than the price of the Model S Sedan.

Tesla Motors Inc. that is currently only selling the EV brand Model S now wishes to expand their portfolio. So in order to make this happen a crossover Model X is likely to be launched in the times to come. This rollout is expected in the coming three to four months. According to the up gradation of Model S and Model X, will help the company to gather their effort and launch Model 3 in the times top come.

However at this point, Tesla is maintaining its secrecy to hide its future projects but the future holds that the future of EVs is relatively strong and Tesla will have a strong position in the industry in the times to come.

Bidness Autos - Tesla's Elon Musk Clears Misconception Regarding Energy Storage

Tesla utility batteries are an asset considering their functionality believes Musk.

The chief executive officer of Tesla Motors Inc. Mr. Elon Musk recently felt that it was high time to address the increasing concerns by analyst regarding the newly unveiled battery products. Recently, while Mr. Musk addressed the annual convention at Edison Electric Institute, the man behind the success of this firm mentioned to the owner that investing in its battery products will be beneficial for them since there are no potential; threats associated to the batteries.

The purpose behind such remarks was to engage the utility owners since these firms can collaborate to provide solutions that result in a greener environment. According to Bloomberg, Mr. Musk mentioned at the held event regarding the expected sale of the Model S that it will help in boosting the electrical demands that might arouse in the coming decades. As a response to this, the energy sources which are renewable like the wind and solar play a drastic role in the generation of power. According to him, around one-third of the increase in the electrical demand will be covered through distributed generation either from battery storage or solar power.

Mr. Musk further claimed that a great chunk of power generation will be through solar that will be creating drastic market opportunity. The company has come up with two products namely Powerpack and Powerwall. Mr. Elon Musk believes that a great chunk of battery sales will be governed through Powerpack system, for which it is already collaborating with several industry giants globally.

Previously, the electric car giant joined hands with the LichtBlick, the German energy and information technology firm allowing them to explore the European fraternity. Initially, the company will start operations in Germany and later move other overseas markets which include Australia and New Zealand. Tesla Motors has also signed a contract with Gaelectric that will purchase and deploy the Tesla made batteries at suitable industries.

Tesla has achieved another milestone by launching its batteries which are not only economically priced in the industry but also serve a major purpose. According to BidnessEtc, “the grid electricity charge for commercial purposes is high, compared to the one in the US, as cited in a Bernstein note, released last week. Analysts at Bernstein pointed out Hawaii to be the only location where Tesla residential batteries will be economical, as they have an average electricity rate of $0.37 per kilowatt hour (kWh). In contrast, the electricity charge will cost $0.3 per kW for households if they use roof top solar panel-backed Tesla battery.”

Bidness Autos - Tesla Gets Battery Storage Testing Agreement Through Southern Co

Tesla and Southern Co. join hands to work on the testing of electric batteries.

Tesla Motors Inc. grants permission to Southern Co. the Atlanta-based electric firm to govern tests on their utility scale battery division, dubbed as Powerpack. Thomas A. Fanning, the chairman, President and chief executive officer announced about the collaboration between the two firms during the company’s stockholders annual meeting.

"At the foundation of Southern Company is our ability to develop real, innovative solutions to shape America's energy future," stated Mr. Fanning in the press release of the firm. The Southern Co. at this point of time wants to make its inventive culture relatively strong by establishing new partnerships that will allow them to strengthen their portfolio. According to him, if the company involves in such practices then it will help them to cater to the evolving energy needs of consumers.

Under this collaboration it has been agreed between Tesla Motors- the electric car giant and Southern Co will work towards exploring the possible implication of TSLA Electric batteries to cater to the electric needs of consumers along with efforts to minimize the hazardous implications of carbon emissions.

The company so far has created the right amount of anticipation that will assist them in luring customers towards their battery products. Only in its debut week, Tesla has been successful in gaining 3,800 preorders and 2500 reservations for Powerpack. So by the mid of next year, this continues to happen on the same pace than the company will be soon sold out for its battery products considering the production capacity of the company at this time.

According to the data compiled by Bloomberg, these preorders almost worth around $800 million for the firm. So if customers do not back off then the company will have a stable flow of revenues eventually.

According to several economists, the batteries manufactured by Tesla will be providing solutions to the climatic changes, allowing individuals to go completely out of the grid in the times to come. The aim of Elon Musk- the chief executive officer of the firm is to make energy efficient and cheaper for the masses. These batteries can be helpful in saving the energy that is obtained from green sources such as solar and wind power and ensure a steady energy supply since the energy that is obtained from other sources has several fluctuations.

Hence, in a nutshell, Tesla Motors and Southern Co. are in the right direction because electric batteries are the need of time. If Tesla lures so many orders for Powerpack then their future will be relatively stable.

Bidness Autos - Tesla Has Huge Plans To Carry Out In The Coming Quarters

The auto making company has many plans lined up for the upcoming quarters in which the launch of Model X car and Gigafactory has gone to take place.

In the most recent quarterly report announcement, Tesla Motors was seen to discuss quite a lot of plans for the coming quarters that the firm is looking forward to carrying out. These plans are deemed to be quite important for the company’s performance, as it will determine where and how the firm is headed forward.

The automakers are looking forward for plans such as the launch of the Model X car that is expected to launch in a few months along with the battery making business that the firm has only recently announced to step into. The Gigafactory, which is being established for the purpose of manufacturing batteries for cars as well as home based usage, is in the process of being launched too.

The Model X car, which is the first electric sports utility car that Tesla (TSLA) is currently working on is almost ready for orders and Elon Musk, the CEO of the smart car making firm, expects the customers to be able to place an order for their Model X Cars by July.

However, the electric car will actually be made available in September of the current year when the deliveries will be taking pace. The CEO of the auto making firm has previously been positive about this new venture of his company in the form of the sports car that is to launch soon and he still seems to be quite excited about it. According to him, this sports vehicle is going to prove as a great car in the SUV industry.

As for the Gigafactory that is being worked upon by Tesla, this other venture of the auto giants is to bring about a huge change in the way things are done in the firm. The battery making plant is expected to produce lithium-ion batteries in a massive number, so much as to break all the records of production in the past years. As per the initial plans of the company regarding the launch of the actual battery cell, it was decided that the first cell will be introduced to the industry in 2017.

However, the hybrid car makers have decided to speed up the process as the management mentioned in the earnings call recently made that now the first battery cell will be launched in 2016, one year before.

On the other hand, the demand for the Model S cars has been constantly increasing as discussed by Elon Musk in the earnings call. Tesla is now looking towards selling around 55,000 Model S and Model X cars by the end of the current quarter.