Denmark Loves Tesla Model S

Denmark has observed record sales of Model S in December

Tesla Motors Inc. has achieved another major milestone where the company has reported to be the main grossing auto maker in the European region for December, 2015. As per the regional media platform, EnergiWatch.dk, in the month of December, the company was successful in selling 1,248 units of its luxury Model S sedan in Denmark. Since the company is not that popular in the European market, this has undoubtedly turned out to be a Danish record.

This is said to be the first time in the history of automotive in the European market that an electric car has succeeded in banging the position of the best-selling passenger car. The sales governed in December were far more than the sales the company bagged in November by more than one and a half time. Tesla was successful in beating the record in November but in December it again superseded its own record which shows that the car is extremely popular.

Apart from that, the Tesla Model S also succeeded in dwarfing the sales of automobiles with diesel and petrol engine both. This was never done prior to this in the history of Denmark.

The second spot was lured by the French auto maker; Peugeot’s where Peugeot 206 was the second popular car. The company sold almost 903 vehicles last month. As per the Danish Car Importers Association, a total of 1573 units of electric cars were sold accumulatively back in December which is a record on its own. This is more than all the electric cars sold in 12 month back in 2014.Back in 2014, Demark was successful in selling under 4,327 electric cars during the period.

As per the news source, “Model S’ high performance can be attributed to the political agreement reached by majority in parliament during last October to phase out tax exemption for electric vehicles. The tax exemption was scheduled to end by the end of 2015, which would now make a Tesla car relatively more expensive.” This might be the reason why the sales of Tesla have risen substantially over the past month. However, this is a speculation and no evidence has been obtained regarding the reason behind the price hike as of yet.

Over the past four trimesters, the company has also recorded a substantial 75% increase in terms of Model S deliveries. The company was successful in delivering 17,193 Model S units in total along with 208 units of the Model X car.

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 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. 

How Tesla Model X Will Churn Sales

Tesla needs to increase production of Model X to sustain demand.


Tesla Motors Inc. launch of Model X is getting mixed verdicts from various analysts covering the automotive sector. The auto industry is extremely positive about the car due to its high power and gull wing doors. Investors on the other hand are skeptical since their concern is whether the company can churn in high volumes. Almost 25,000 vehicles of Tesla Motors have been registered are not capable of reach their owners till the latter half of this year which shows that the company has low production related capabilities. This lag was expected by the automotive giant though the company has embraced several delays which have taken more than a year to ensure the successful electric crossover At the same time where many buyers who were saving around $100,000 to purchase Model S since now they cannot wait for an unidentified period since they cannot really wait for another year just to get hands on Model X. so now they are considering to purchase the TSLA sedan that will be available in almost two months. Brad Erickson, who is the analyst at Pacific Crest shared his view where he claimed that the time for the launch of Model S remains unchanged after the launch of Model X. the numbers for Model S production is likely to rise during the fourth trimestral. As per the analyst, the production of Model S can increase by 22% over the coming quarter if they deliver 2,500 Model X electric cars. So if the company wanted to meet its yearly sales target then they will need to sell 17,000 more car units during the fourth quarter. Although numerous analysts have to date been giving positive verdicts on the Model X there are still many who believe that the car is extremely overpriced. The automotive giant has claimed that the price of the Model X is likely to be in between $132,000 and $143,000 along with several extra features. So Model X that has the same features as Model S can be bought for almost $5000 more than Model S pricing. Morgan Stanley analyst Adam Jonas claims that having such prices is likely to make the car expense along with raising the Average Transaction Price (ATP) of Tesla cars. So if the prices of Model X is increased and the production still remains so low then the demand for Model X will hamper and Model S will increase as per estimations.

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 To Launch its Over the Tair, Version 7 software upgrade for its cars.

Tesla is all geared up to launch Version 7 software upgrade for its cars.

Tesla Motors Inc. is all set to win the heart of investors by coming up with a software upgrade. The firm has announced that they are all set to launch its Over the Tair, Version 7 software upgrade this week. The software update will cater to self-steering option. The message was posted by Mr. Elon Musk, the chief executive officer of the company on social media platform Twitter/ this feature will be unveiled all over the globe on the coming Thursday. Mr. Elon Musk had announced earlier that the latest feature will not allow the car to steer on its own completely while on the roads but will helps drivers whilst driving on wider motorway roads. The company electric carshave now been equipped with 17 inches dashboard screens which are the largest in the automotive sector. The dashboard is also likely to feature an upgrade soon. Moreover, parallel parking will also be supported by the recent upgrade. The auto pilot features are not as advanced as many customers expected thus the automotive giant still needs some more time to come up with advanced features. So soon we might also see users getting out of Tesla cars where the vehicles park on its own. As reported by Mr. Elon Musk, the features of this nature are expected to be launched later when the version 7.1 is released. So far the launch date of version 7.1 has not been released. It is also speculated that the upcoming upgrade will allow the cars to reach the destination by merely calling them. Model X and all Model S will support the auto-steering functionality. The advanced sensory systems are also supported in these vehicles where 12 sensors are installed in the bottom along with a front camera. Also, another sensor will be responsible to gauge the speed of other cars closer to the vehicle. The company at this point of time is modifying its sensory technology so that they can support various autonomous features in the times to come. This is relatively different from Google who is currently only concerned about manufacturing full autonomous cars. The Version 7 update was announced earlier in March 2015 when the automotive company was launching Version 6.0 software that was targeting the range anxiety related issues. The idea was to penetrate electric cars among other car users since battery charging made consumers skeptical. Hence the new upgrade is expected to get traction to the company and will also create anticipation for the future.

Morgan Stanley Downgrades Tesla Stock

The auto making company has seen a major fall on the stock, which is due to the downgrade it has received from equity firm Morgan Stanley.

Tesla Motors has been receiving mixed reviews about its Model X car, which was just released by the CEO of the company at a launch event in a very dramatic way. Elon Musk, the CEO, has expressed massive expectations for the sales to be made by the company, which all the analysts in the market do not seem to agree to. The predictions that have been made by Musk seem to be a little too over the bullish side for the ones who have been covering the stock of the giant in detail from the start. However, there sure are some analysts which have come out to be realistic enough to feel like the EV maker is on a trip that is going to take it to heights that even it does not believe it could achieve. As far as the predictions regarding the future of Tesla cars are concerned, the giant has given a guidance to its analysts according to which it could be doubling its current revenue generation to become even bigger than Fords Motors, which has been there in the auto industry for quite some time now. On the other hand, the smart car maker does not seem to be considered by the analysts in the same way that it looks at its own stock, which is why a report by the analysts at Morgan Stanley was seen to majorly downgrade the shares of the luxury car makers, following which the share price of the firm experienced a massive dip on the index. Analysts at Morgan Stanley have also come around to believe that the fact that Tesla business has been downgraded is mainly because of the extremely high price that has been given to the new Model X, which could be a little too over the pricey level, even for its elite customers. Keeping in mind the high price for the car, the predictions that were made by Musk in regard for obtaining the expected sales number are being seen by the giant in a very negative and unattainable way. In the last trade session, Tesla stock was seen to fall by around 1.91% on the index which surprised not only the investors but also the analysts who had not been expecting such a huge fall in the stock price, right after the release of the new model. This fall in the stock price is being considered as first time since the fall it experienced when the Chinese market saw a major dip a couple of weeks ago.

Tesla Faces Criticism From Contractors

Protests are being organized by labor unions outside Tesla headquarters for wages and compensation.

Tesla Motors Inc. is facing criticism as its General Contractors along with all sub-contractors are showing their rage by organizing protests because of the unfair wage mechanism. As reported by the owners of Tesla Motors, the protest has been organized outside the company’s headquarters situated in Palo Alto, California.

As the blog post suggests, the protest is being conducted by the labor union in Hayward that is known as Carpenters Local 713. According to reports, it can be deciphered that the protestors are demand treatment which is just and compensations on the whole.

Along with that, claims are being made by the labor union that the electric car maker is cutting edges so that they make payments to third party contractors provide them their designated wages and give them the benefits they deserve. According to a flyer, that has been obtained from the owner of Tesla, “Driving the car industry in the future. Sending workers’ wages and benefits back to the past.”

The blog further claims that the banners by these protesters have been given to the San Jose State University and Natural Foods Co-op. as perceived, the site being used for this protest is relatively small where three men are protesting along with banners and “giant Grim Reaper."

Apart from this, we also need to take the battery swapping facility of Tesla into consideration at the Harris Ranch Battery Swap Station. Tesla has also given invites to the 200 Model S owners that will allow them to exercise the latest features.

These battery swaps function by replacing the battery pack of EVs with a charged version that has a similar configuration. So when the drivers return from their trips, they can get their hands on their original batteries.

For one round trip, the battery swap is likely to cost almost $80 where the process time is said to be seven minutes on an average. This facility is said to be open throughout the week between 9:00 AM to 5:00 PM. Moreover, during the first half of the trip, the swap is likely to take six minutes whereas eight minutes are required for the second half.

The company might experience growth on the whole but battery swaps will not really benefit the, much in the long run. During the annual stakeholders meeting the chief executive officer of Tesla Mr. Elon Musk stated: “Based on what we’re seeing here [battery swap stations], it’s unlikely to be something that’s worth expanding in the future, unless something changes.”

Is Elon Musk Manipulating Tesla Stock?

The automaking giant's CEO could be playing with the company's shares on the stock index as per analysts' belief.

Tesla Motors has been growing as a successful automaking company for the past couple of years with the electric vehicles that it has been making which have proved to be one of the best hybrid cars being currently produced. During the initial stages when the firm was going through a difficult time to prove itself in the market, the firm’s CEO Elon Musk declared that he won’t be taking his salary from the company as long as it does not get out of the crisis it was facing. Musk not only enjoys that largest stake in the luxury car making a firm but also has an option of obtaining more shares. Even if those options are not taken into consideration, it cannot be ignored that around 23 percent of the whole firm is owned by the socialite.

Last week on Friday, Elon Musk was seen announcing a new update for the Model S car which made the analysts in the industry believe that he could even be carrying out some kind of manipulation on the shares of the smart car making company. Previously, the number of shares Musk owns in Tesla business came about to have a value of $6.3 billion whereas currently, the value of the shares has risen up to a massive $8 billion. The CEO of the firm seems to be gaining at a high speed as the net worth of the shares that he owns increases. After the announcements that were made by him last week, the following session on the stock index showed that Musk has a lot of control on the activity of the shares of his company as their value increased by a big difference on something that did not prove to be a major news.

Previously, analysts thought Musk was more worried about the kind of growth Tesla was going through and how it was holding up with it. But now, the attitude seems to have reversed as now analysts believe he is more concerned about the shares of the firm than the actual growth of the firm which has made them think if manipulation is being done by him in any way.

In the past when Tesla has made a small announcement, the shares of the firm have followed the same kind of activity and jumped by a mile. This looks to the analysts as if the CEO only wishes to increase the value of the shares on the stock index which is why he is carrying out little activities like these. Musk, however, has denied of any rumors related to this.

Tesla Likely To Face Competition For Its Storage Batteries

Tesla to face tough competition with UET entering the industry with its storage products.

Tesla Motors Inc. is an electric car giant that is one of the prominent automotive brands in United States but since a relatively short span of time, the company is establishing its position as ann energy storage brand. The company recently diversified its portfolio and unveiled a diversified range of lithium ion storage products that can be used for powering household and commercial buildings. At the same time, the company is spending a substantial amount on establishing its first Gigafactory in Nevada.

However at this point the company now has competition at stake since a new startup namely UniEnergy Technologies (UET) powered by a group of scientists and engineers is gearing up to give a tough time. This startup has the backing of United States Energy Department. Thus, the Tesla Powerpack has a strong competitor ready to enter its domain. As reported by Clean Technica, the new company is likely to come up with products that have minute manufacturing costs and better life span.

According to the green energy website, the breakthrough of UET is part and parcel of a smart grid energy storage project situated in the state of Washington that is designed in a manner to consume wind energy resources within the state efficiently.

It needs to be noted here that Tesla’s move to enter the energy storage industry makes certain analysts believe that they could literally supersede the growth of electric cars. However, this has also acquired mix reviews where opinion is at times poles apart. Moreover, those analysts who are skeptical about this venture of Tesla Motors believe that this initiative might have the negligible potential for the firm.

Tesla at this point needs to take several existing and emerging competitors into consideration and if they do not do so then they might just get suppressed.

UET at this point has made several claims regarding its products and if they all are factually true then Tesla might not just be a real rival to them. However, the chief executive officer of Tesla, Mr. Elon Musk holds a relatively different opinion where he claims that his products offer more value than any other competitor in the market.

According to a press release issued by the chief executive officer of UET, “UET is not shy to say it has the best grid-scale energy storage solution at the best-Levelized cost, maximizing value for the customer.”

Hence, Tesla needs to understand that it is not as easy as they might consider it to be and adequate steps to sustain need to be taken.

Tesla Model X Will Disrupt The Automotive Industry

Tesla Model X likely to do well.

Tesla Motors Inc. is all set to deliver its recent breakthrough a cross over SUV electric car that has been named as Model X. the deliveries are likely to commence from September, the fiscal year of 2015

The company was successful in selling 20,000 units of its popular Model S sedan during the first two trimestral. So now the company needs to work on its delivery mechanism if it wishes to supersede its annual target of selling 55,000 electric cars across the globe.

However at this point, Tesla has been doing relatively well and might be just on track to achieve its goals since the number of pre-orders for the Model X are relatively promising. Moreover, the company’s production rates at their sole Fremont manufacturing plant also indicate that the Model X cars might just keep pace with the demand and thus smoothly drive past the Fremont facility ramps by the end of this year.

The demand for Tesla cars has not been a major issue for the company ever; this can be governed through the numbers. The sales of Tesla’s Model S sedan which is priced at $70,000 before tax credits are taken into consideration have actually been capped since the company has the potential to manufacture a car of this nature. So the same is the case with Model X.

The company has not really unveiled the exact specifications for the Model X cars but still they have been successful in gaining more than 20,000 pre-orders for the crossover SUV already.

There are two reasons behind the influx of some many customers opting for a Model X. firstly, the trend of a crossover SUV is extremely prominent amongst America. This encompasses a masterstroke from the company since they are targeting a market with immense potential now the usually goes untapped i.e women.

According to Mr. Elon Musk, the chief executive officer of the company, almost more than half of the pre-orders have been made by women who recently are becoming active as car buyers.

According to BidnessETC, “Tesla’s Model X, in addition to being vastly different than the Model S and the discontinued Roadster, is also specifically designed to cater to women’s needs. The company’s design engineers used data from a focus group with women conducted last year.”

Furthermore when we assume that the company will start to deliver Model X in September. This will result in a short lived four-month window to bolster their unit sales digits for FY15 which is a relatively tough task.

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 Fails To Receive Permission To Sell Cars Directly In Connecticut

The automaker's attempt to receive permission for direct sales in Connecticut have been overlooked by the senate.

Tesla Motors has recently received a bad news from the government of Connecticut. Formerly, the automaking giant has applied for a license to receive the permission to make selling transactions within the state directly, without a middle carrier. However, the bill that was expected to pass by the electric car makers, failed to come into action which resulted in the firm not obtaining the authority to sell their smart cars to the customers in the state. According a spokesperson of the auto making firm, this has happened due to the state of passivity that was seen in the senate which was supposed to further pass the request.

Tesla had reportedly filed a bill in the senate house of Connecticut in May but due to the deferral in the decisions made by the government, the results were not only delayed but also happened to be not in the hybrid car making company. However, in more recent news, it was seen that Elon Musk’s auto company is not ready to give up yet and plans to reapply for the bill to be accepted.

The management of the electric automakers has reportedly been making plans to submit the bill again to the general assembly which can then take it into consideration in a session that is scheduled to take place soon. There are, on the other hand, speculations about whether lawyers and lawmakers will think of taking it seriously or not. The firm has also informed that in case the nothing comes out of the special session that is going to take place in the senate, the automakers will file another bill the next year.

The spokesperson of Tesla cars was also noted to say that the firm might even try another strategy to make the law makers agree to the permission they wish to attain. However, it is believed by the firm that no reason can be found which should become a reason for not being granted the bill. The firm has a strong position in the industry and a full right to ask for equal rights to make sales of its cars in the state.

Tesla’s vice president of the business development department was recorded to say that the auto giants are looking towards welcoming new customers to try the smart cars being manufactured by them and by receiving the authority to make direct sales in different states of the country, the process will become easier. Currently, the automakers have around twenty stores all over the country and are planning to expand as much as possible.

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 - Why Tesla Cannot Reign Over The Autonomous Car Industry

Tesla has ample competition in store that can halt their growth in the autonomous car domain.

Mr. Elon Musk, the chief executive officer of Tesla Motors Inc. has been a staunch advocate of autonomous car technology. This technology is said to be a massive breakthrough in the automotive sector where the electric car maker is extremely positive to cash the scenario. Previously in March, Mr. Elon Musk during a NVIDIA Corporation event mentioned to the chief executive officer of the firm Mr. Jen Hsun Huang that the conventional driving methodologies will be outlawed in the coming twenty years since autonomous cars will take over.

According to Mr. Musk, Tesla Motors will play a significant role in boosting the autonomous car sector. In order to do so, the company recently announced an autopilot feature that will be possible through Over the Air software for the complete Model S series.

Despite the fact that Tesla Motors is a pioneer in the field of autonomous car technology and the technology they wish to come up is said to be one of a kind but even then some Wall Street analysts believe that the company is likely to face competition when considering the future cars. Moreover, Mr. Elon Musk was also hurt by the recent report compiled by Goldman Sachs according to which the fiscal year of 2017 will be a “watershed year” for the autonomous car technology where Tesla Motors will certainly not be a key player in that.

Tesla Motors that is said to be a pioneer in the automotive industry for its autonomous technology is expected to lag behind the tech behemoths that already have a stronger position before the launch. Google Inc. is said to be relatively ahead of Tesla in terms of its autonomous car dreams.

Apparently Tesla has not been doing fairly well and has been reporting losses since a relatively long span of time. However, the company is taking several initiatives to get back on track and start making money. The goals of Mr. Musk are extremely ambitious and have established the company’s position as a key player in terms of providing clean technology in the times to come through its Gigafactory that will cost them around $5 billion. Irrespective of the fact that the company is all set to build the largest lithium ion battery across the globe in Reno Naveda, analysts at Goldman Sachs still believe that the company will still remain far behind their competitors.

Hence, in a nutshell, autonomous cars were said to be a game changer for the company but now this also seems a bit hard for them to achieve their dream.

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 All Ready To Start Operating Its Mobile Shop In Santa Barbara

The automakers are all set to introduce an exciting mobile shop in the state for customers to choose and buy Tesla cars with ease.

Tesla Motors is one of those few companies who has been in the news for quite some time for the unique and tactful techniques that it chooses to carry out for its business activities. The marketing strategies adopted by the automakers have always been highlighted to be one of their kind and quite smart as well. The firm has always surprised its fans by always coming up with something to amuse and this time around, the electric car makers have decided to make it big by planning a campaign through which they will be directly selling their automobiles to the customers. A recent press release has made it evident that the auto giant’s management has announced that the company will be taking its adopted marketing campaign for something useful like being a direct provider of its cars and selling them on a direct basis without a middle man.

The first place that has been chosen by Tesla to start selling its hybrid cars has come around to be Santa Barbara, where the company’s first outlet will be made for its valued customers who will be able to visit the place and choose from their favorite cars. The grand opening of the store has been scheduled to take place a day after the Memorial Day, and the store will be quite like the other brick stores owned by the company. The customers who wish to make a transaction will be first taken around the store for a quick tour in which they will be made familiar with what the store has to offer. Later, they can choose accordingly if they like the different parts and components of the Model S. Furthermore, for a better experience, a new Model S will be made available at the store in which the users can take a test drive and get to know the car better.

This store will be a mobile store with the ability to spread out like a huge flatbed, as huge as a terminal. According to the most recent reports, the firm is planning to keep their mobile store in the state of Santa Barbara for four weeks before taking it to Hamptons.

Coming up with such a store in the United States is an idea not foreign for Tesla as the smart car makers have done the same in the European countries like Denmark and France, around two years back. More importantly, the electric car giants are not the only ones to have a mobile store in the country as many other auto makers have done it in the past.

Is Tesla Running Out Of Money?

Tesla has several futuristic plans that require cash, however, their current finances are not so satisfactory to make it all happen.

Tesla Motors Inc. is one of the most promising electric car makers that are disrupting the automotive industry at a relatively great pace. The company at this point of time is increasing the number of a project which is relatively more expensive that what it was doing earlier. The company wishes to reign in the electric vehicle industry along with the energy storage but for that they need a stable stream of revenues.

The problem which several analyst and skeptics are dealing with at the moment is that will Tesla be successful in breathing life to its dreams or be stuck due to limitations in funding. The company currently has a single electric car that is responsible to help them sail swiftly. According to a consensus, the company currently sales for a quarter across the globe are similar to one-day sales of General Motors Company in the United States.

So the question is where is Tesla spending all the hard earned money?

Tesla apart from coming up with a new SUV the previous year is also reportedly working towards unveiling “ high volume mass market electric car” which it will call Model 3 in FY17. So in order to have a Model 3 that is relatively cheaper, the company has decided to minimize costs of its batteries that will hinge the launch of the much anticipated Gigafactory plant in Nevada for storage batteries.

Apart from this the company seeks to expand its footprints in regions where it is not currently available, therefore, the company is working towards launching Model S in several international markets. For the same reason, the company is spending vast amounts of money to establish the necessary infrastructure required by the company for their electric cars. This includes servicer stations, supercharger networks etc.

This year the company has also vowed to pledge $1.5 billion in capital expenditure (CAPEX) almost 25 per cent of this budget was carry forward by Ford Motor Company- the second largest automotive firm that generates 200 times more money in terms of revenues when compared to Tesla Motors.

At this point, Tesla has made a vigorous investment in several “growth catalyst” at a time where they are already struggling with finances. This has brought negative criticism for them from several investors and analyst at Wall Street.

Hence, in a nutshell, Tesla needs to figure out what it really wants to do in the years to come. The company has extremely futuristic plans, but these plans require money for implementation which the company currently lacks.

Bidness Auto - Tesla Finds Solution To Liability Issues Regarding Driverless Vehicles

Tesla has found a way to make autonomous cars.

A question that has been popping around since the popularity of autonomous cars is the autopilot feature. So in case an accident occurs, who is supposed to be blamed, the driver or the manufacturer? Tesla Motors Inc. has finally found a solution to this problem where the electric car manufacturer “will allow drivers to use a turn signal to activate the autopilot feature.”

In accordance with the publication, report individuals close to the company that the automaker will now have its sedans equipped with a semi-autonomous feature. This will allow the cars to pass easily on the roads without the need of a driver. When the turn signal stalk is hit, it will allow the one driving to get control over the vehicle and tale permission to switch on the autonomous driving feature in Tesla cars.

This is the right way to make the car without the need to have the driver intervene much during the procedure. Moreover, the driver can enjoy full control on the car he’s driving. The turn signal is a major breakthrough which will allow the company to solve one of the biggest issues with Tesla vehicles which is the concern and the chances to face a car accident.

According to the Wall Street Journal, this is a major breakthrough for car manufacturers, insurance providers and regulators in order to devise a conclusion about who would be responsible in case any problem occurs. So now drivers have the liberty to enable and disable the autopilot feature by just flicking on a shaft making sure that now the person who is driving will be responsible in case any issue arises.

Mr. Elon Musk, the chief executive officer of Tesla (TSLA) Considers is to be a massive breakthrough where he expects the autonomous cars to take up conventional human driving in the coming 20 years.

The company is in collaboration with regulators and authorities in United States to devise ways to make this futuristic technology possible in the times to come. Wall Street Journal reports “The vehicles that need fewer human controls in the drive are considered to be class-3 autonomous vehicles, and several states have special registrations for these smart vehicles.”

As estimated Tesla autonomous are likely to get a bit delayed and will not make their way to the masses in summers. The company if it can come up with something so above the mark then these delays do not really matter because the end result is expected to be outstanding.

Bidness Autos - Tesla Motors Receives License To Sell Cars In Maryland

The auto making company has successfully received permission from the government of Maryland to make direct sales of its luxury cars in the state.

Tesla Motors is in the news again and this time, it is all for the right reasons. According to the most recent news update, it was seen that the auto giants received the much-awaited permission from the authorities to start the procedure of directly carrying out sales from Maryland, something that the firm has long been trying to get approved.

The electric car makers have been facing trouble from the other rivals in the industry which is why this process got delayed. Despite all the difficulties faced, the giants have finally managed to obtain something that should be reckoned with. Following the news, the hybrid car makers are now in a position to supply its luxury cars from the state of Maryland. This process is expected to start in October by the automakers.

Since the success news, Tesla stock went right upwards on the stock index reaching a share price of $245.10 as per the latest data available. The delays in signing the deal and for granting the auto company permission to sell its cars in the state were made due to various other reasons. The law of Maryland for the automotive sale and resale has been reconstructed for the electric cars makers so that it can freely sell its cars in the region. The law has now been changed into the company’s favor now which says that every distributor and manufacturer that deals in making electric cars or hybrid cars will only be allowed to carry out selling transactions, a category that the company now falls in.

On the other hand, according to a news piece posted by the International Business Times, Tesla Motors has been stopped from carrying out direct sales in around twenty-five states of the United States. Since the CEO of the smart car making company believes in delivering the firm’s cars through the company itself, he has been seen fighting for permission to be granted to him so that he can make direct sales.

The permission to make direct sales in Maryland is being taken as huge success news for Tesla by the analysts who believe that this is one more accomplishment for the company after the same permission was granted to the automakers in New Jersey.

According to Bidness ETC, the electric car making company is looking towards receiving permission from the governments in Michigan and Texas as well, all for the same reason. Similarly, the automakin' firm is also looking towards entering more states to make sales accordingly.