Tesla Motors Inc Seems To Be Hitting It Off With Autopilot

The auto making company seems to be doing great with the passage of time, as more and more people learn how to adapt to the changes occurring in the system.

Tesla Motors has been notably carrying out an auto making business that seems to be a lot more than just that, as it also covers the likes of a massive battery making business along with the storming up and implementation of new ideas in the auto sector which have never been tried before. The auto making company was recently seen to announce an ‘Autopilot’ update for its hybrid cars which was received by the industry with much awe, as this is something that has not been tried by any of the auto makers before. This update was brought about in all the Model S cars and was believed to be setting up a new trend in the market, as this update was also being considered to use in cars other than the ones made by the smart car manufacturers. Currently, it will be seen that the autopilot feature is being updated in all the Model S vehicles and the main task of this pilot is to make sure that the electric car being driven learns all the new twists and turns that a car needs to adapt to in the time of emergence. Analysts in the industry have also pointed out to the fact that the ‘Autopilot’ system is not just what it should be rendered as, as Tesla has managed to incorporate the idea of ‘artificial intelligence’ in this feature of the car, which will eventually learn to drive through all the troubles that could be faced on the road without any kind of problem. In the first couple of weeks that were experienced by the drivers of Model S using the Autopilot, the main difference was seen when the drivers observed that the car was learning to move and react on its own to different situations, right after the same incident took place a few days back where the driver drove in a certain manner to bring the vehicle back on the track. For all the times when the human control on the car is being observed, the Autopilot has been designed in such a manner that it will be learning all the different tricks and tactics that the human skills carry out and when the same or a similar situation occurs in the future, the technology will know what to do with the car and where to take it, which makes the system all the more exciting for the users. However, there are some things that Tesla business might suffer from and that is its share price on the index which seems to be trading on an average level with not many improvements in sight.

Tesla Signs Deal With New Battery Supplier

The auto car maker signed a deal with LG Chem which will be providing upgraded batteries for Roadster.

According to the most recent news about electric car makers Tesla Motors, it was reported that the auto making giant has recently collaborated with a Korean battery making company called LG Chem, and this deal between the two companies is believed to help the auto giant to give its battery business a huge boost. The company has upgraded its EV portfolio and has signed the deal following this event. Tesla cars are already receiving their batteries and battery cells from a variety of companies and in a press release, the giant further confirmed that the cells it will be receiving from LG Chem will be incorporated in its Roadster vehicle, and this one will particular be the 3.0 battery cell. Similarly, Panasonic also works in collaboration with the electric car makers and provides battery cells from the Model S cars. Presently the luxury car makers are working to build up the much talked about Gigafactory which will ensure the giant’s self-efficiency in the battery business. However, it is not a hidden factor that companies like Panasonic are also working with the company in the Gigafactory to provide for the Model 3 smart car which will be released sooner than later. It has been reported by multiple news sources that the first car of Tesla business, namely Roadster, has always been built with a 2.0 and 2.5 level battery but it has been manufactured in such a way that it can adapt to the higher efficiency of 3.0 battery packets that the LG Chem will now be supplying to the company. On the other hand, analysts have also pointed out that this collaboration with the Korean will not put down the relationship the giant has with Panasonic and it will maintain its position of being the most important supplier of batteries to the hybrid car manufacturer. LG Chem, on the other hand, has been involved in supplying battery cells to a couple of prominent auto makers in the industries like General Motors and has been carrying forward a strong business since a very long time. Analysts at the Navigant Consulting have released a report in which it has been stated that very soon the Korean battery providers will be competing for a target of 1GWH towards the end of the next year, which is an accomplishment to be considered. As for the electric vehicle maker, the giant has already been using batteries from LG Chem to support its previously launched sedans and also its new car Model X which it released only recently. 

Toyota Receives Sales Lead From Volkswagen

The Japanese auto makers have now managed to make the most sales in the past three quarters, beating the record previously made by Volkswagen.

Following the scandal that shook up its auto business in the industry, Volkswagen has found itself in some serious issues which is why the giant’s control has now been shifted over its global sales lead to auto giant Toyota Motors. The German auto maker has been working its way up in the global market for the past three months but due to the scandal of emission that shook up the company on a massive scale, the lead of the global sales was gladly taken by rival giant. The strong sales report which Toyota business recently rolled out showed that the smart car maker sold a huge 7.49 million vehicles in the first nine months of the year, and in the same time period Volkswagen reported a sales figure of 7.43 million, which shows that the difference with which the Japanese auto makers won the game was considerably a huge one. The third highest sales in the past three quarters were made by General Motors, which released a sales figure of 7.2 million cars. Analysts in the auto industry are of the opinion that since Volkswagen is clearly out of the game, rivals Toyota and GM now have the opportunity to take advantage of the situation and hike up their sales by capitalizing in the right manner so as to increase their production and sales for the customers who have been let down by the German giant. Volkswagen is apparently going through a very tough time with the authorities, as it was recently found to be carrying out a cheat business because of which a lot of A class lawsuits have also been filed against it, along with some unavoidable fines which is sure to bring the company down on many levels. The auto company is not facing trouble with only a single regulator, but it has found itself to be answerable to a number of them, which is only bringing the company lower than the high position it once enjoyed in the auto making competition. According to Bloomberg’s report on the company’s scandal, it was reported that there are around 325 lawsuits that have been filed against the hybrid car makers in the United States alone, which means that the trouble being faced by the company is on a colossal level and is to grow even more in the other countries where the auto giant seems to be selling off its cars in. 

Tesla Plans To Enter Indian Market Through New Project

The company is expected to make an entrance into the Indian market through a project to sell its least expensive car, namely Model 3, in the region.

Tesla Motors has recently shown interest in building up a unit in the Indian region for attracting Asian customers towards its electric cars as well. The automaker has so far penetrated into markets such as in Japan, Hong Kong, Australia, and China, which means that India is not the first Asian country where the EV maker will be kicking off business activities in. The high-end car making company will also be starting selling off its smart cars in the country, which is going to provide the people in the country with the opportunity to use the new technology in cars, using electric engines instead of the ones that are run by gas or fuel. Recently, Indian PM was seen to make a visit to one of the factories of the electric car making company in California, which has made the analysts in the industry think of how this could be just a hint of how the automaker might end up entering the country in near future. So far, this news has not been confirmed by the official sources that the luxury carmakers will be selling off its cars in the region but according to a financial firm in India, it was suggested that the electric carmaker is sure to be planning something big to do in the Asian country. The same report by Mumbai-based online equity also discusses Tesla business plans of opening up a plant in the country in order to start business activities in the region in a much better way. This should be the priority of the company regarding this situation to increase the production and meet its desired goal. The Model 3, which is an SUV of the company that is comparatively offered to the customers in a much cheaper price than any other cars of the giant, is expected to be produced and manufactured in the plant that gets build up in India by the auto-making giant, according to the equity portal. In other news, it was also reported that Tesla might also be in serious discussions with the government of India to help it cut off on the import duties so that it can deliver the electric cars to the customer sin the country without facing too much tax payment. Furthermore, the hybrid car makers are also looking towards ensuring that the EVs it sells in the country are sold in such a way that maximum profit can be obtained from it.

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. 

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 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.

Ford To Release Mustang In Europe Soon

The automaking company has sent its first shipment to the European states with great sales expectations.

Ford Motors has recently announced that it has successfully managed to carry out a shipment of Mustangs for the first time to Europe, and the smart cars are expected to make the customers in the region quite excited about the launch. According to a news article published by USA Today, it is expected that by the time the auto making company’s car are launched in the region, the sales of the cars manufactured by the firm are going to gain momentum by a mile. The new cars of the auto giant have been seen carrying some really exciting features which are predicted to bring about a stir in the European markets.

Previously, the firm has sold around 100,000 cars in the European region in around 20 markets in the west. These sales did raise not even the total sales of American cars in the continent but they also helped the firm to receive an increase in sales by around 1.5 percent as compared to the previous quarter. On the other hand, the firm is looking towards expanding its business and not restricting itself to one country only which is why such steps are being taken.

If only the current year is taken into consideration, it will be seen that around 9.3 percent rise has been recorded in the sales of the Fords cars and only in the first five months of the year 2015, the total cars that have so far been sold to the customers have come around at 542,000, a number that is definitely to be reckoned with.

These sales have not only surprised the analysts but also the investors in the company as the auto industry has so far shown a growth in sales of around 7.2 percent only, which has been surpassed by Ford in a successful manner. This time around, the firm has broken its own records as it has scored massively after two years of struggles. Furthermore, it will be seen that the first half of the year has been taken a little slow by the management of the auto making company. However, the pace will be quickened in the upcoming months, as the firm is planning to strengthen trade even more than before.

Fords has been witnessing a flat share in the stock market for the past 12 months, but the firm has decided to change that by coming into some much needed action. Previously the share that the hybrid car makers had in the market was around 7.8 percent, and as per recent news, the share has now been upgraded to 8.1 percent.

Bidness Autos - Tesla Might Get Offered An Acquistion Deal By Google

There have been rumors that suggest that Google might be considering buying the auto making giant on a massive deal signed on $275 per share.

Tesla Motors has been trading way up to high on the stock index since the time rumors have started circulating the air that the firm might just get acquired by Google Inc with a price per share settled at $275. This overly priced number has helped the price of the auto making company’s stock go right upwards. Keeping in mind the current share price, this acquisition at $275 per share shows an 11 percent upwards stance from the current price that the shares are trading on. These rumors have taken the attention of the analysts in the industry.

Previously there has been quite a lot of speculation related to acquisitions made by big companies in the start of the year 2015, as there were many rumors which suggested different tales. But so far, all the rumors that were heard in the past have yet not been materialized which shows that too much attention should not be given to the rumors that are commonly seen circulating in the industry.

Tesla Motors is an automobile company that deals in designing and manufacturing electric cars which are on of its kind. The smart car making company was the first one in the country to come up with such an idea and so far, the customers in the United States of America have been quite satisfied with the kind of hybrid cars that are being produced by the Silicon Valley-based company.

The cars that Tesla is usually seen making are luxury cars that are also a status symbol used by the elite class of the country. These cars are powered by electricity and the firm has also managed to establish quite a lot of electricity filling pumps across the country, in order to provide ease to the users who are driving the electric cars. The firm also launched its electric cars in China which was a huge step taken by the automakers but due to some problems, the cars did not put the same effect on the Chinese people as they did on the American customers which are why the company ended up receiving a negative response from the Asian region.

As for the buyout by Google that was rumored to take the place of Tesla on the social media networking site Twitter, there has been nothing but rumors. The base of these rumors are coming from a book written on the life of the CEO of the electric car making company, Elon Musk, who has mentioned that his firm reached out to Google (GOOG) for help back in 2012 when the smart car makers were going through a difficult financial time.

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.