Tesla To Face Another Rival In EV Industry

The auto making giant is gearing up to face competition in the EV industry by Mercedes Benz which is another German company to have adopted the whole EV making idea from Tesla.

Tesla is considered as the king in the electric vehicle industry as it has kept the foundation of the idea of electric cars and has also been making EVs for the past seven years, a time period that shows how pioneer its position in the industry is. The first car is released was the Tesla Roadster but the one that received the most appreciation and popularity and still continues to do so is the Model S with which the firm turned itself around by a huge difference.

This luxury car of the company has stirred the industry in the most influential way ever and has done so in only a small period of time of two years. The company is also preparing to release the first sports utility car it has ever made in the coming weeks. Keeping in mind the exceptionally great business the firm has managed to make in such a small period of time, many other auto makers in the industry want to follow suit and start making electric cars too.

One such company which has emerged with plans of beating Tesla cars is Mercedes Benz, which is an auto making company from Germany and is now working towards making a luxury car of its own, and that too which is supported by an electrically run engine. This news has been confirmed by Automotive News and talks about how the auto giant has planned its car to have a mileage of 311 miles to be as good as the cars being made by rival Tesla, in order to give the firm a tough time.

So far, no more updates on the cars have been given by the German company but it is believed that the car will be launched soon enough. Since Mercedes has always managed to try the newest technology for its car, analysts believe that with the new electric engine technology, the firm is going to do justice and work in the most efficient way as it has experimented quite a lot of times before as well.

This, on the other hand, is not the first time that German companies have considered stepping into the electric car making business as they are well aware of the increasing trend of using electric batteries in cars instead of the usual gas or petrol. Similarly, Audi is almost on its way to release its own EV with a Quattro system installed in it followed by none other than BMW which is also working to make its electric smart car dream come true.

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.