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.

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.

Bidness Autos - Tesla To Receive Competition By Mercedes In Home Battery Business

The automaking giant is soon going to receive serious competition by Mercedes which has also decided to step into the battery-making business.

Tesla has been going through some massive changes within the functions of the firm that it has always been carrying and one of the newest ventures that it has reportedly stepped into is all about making home based batteries for the customers to save money on their electricity bills.

Even though at first the automaking giant did not receive the right reaction from the automotive industry about going into battery making business and analysts were seen saying that the firm is just changing its track a little bit to hide the sluggish sales of its car lately. However, this business is now being taken as a huge step towards progress by analysts and there is one more trend that the electric car makers seem to be setting. According to a recent news release, it was seen that Mercedes has decided to adopt the whole idea of manufacturing and selling batteries too.

This news has not only surprised the auto industry and analysts, but it has also amused them since the luxury car making firm did not make such business plans in the past. The energy storage business plan that has taken its toll in the industry is sure to bring about a change that turns around how things worked in the auto companies before. Mercedes has decided to look past the manufacturing and selling off of cars and automobiles and have a look at the battery making business instead. According to the recent news on Mercedes-Benz, it was seen that its parent company Daimler AG was seen working towards making the tests needed to be done for the batteries that are used in the homes. As per the press release, it has been heard that before September, the firm will be launching the first of its batteries.

The report on Mercedes plans has made it clear that the automakers have been testing batteries for a long time now, probably as long the smart car making company, Tesla. A subsidiary of Daimler was set up around six year back which was made to focus on the production of lithium-ion batteries.

Analysts believe that Tesla has made its focus on the batteries quite a straightforward and obvious decision while on the other hand Mercedes’ parent company is not doing the same and is taking baby steps into the industry. The hybrid car makers are looking towards expanding their business by making batteries in a huge number while Daimler aims to make batteries but not in a large quantity. However, it is expected by the analysts that the electric car producers need to look out as serious competition is headed their way.