Tesla Motors and Elon Musk played a part in mass downsizing of Panasonic in China.
Since Tesla Motors Inc. launched its first Model S in 2012, it has witnessed incredible growth in the world, but sometimes, its work has not always delivered positive impacts into the lives of customers. Recently, 1,300 workers were laid off from their respective jobs, which were citizens of Beijing, China, while Elon Musk’s company persuades Panasonic to follow the money in Li-ion tech.
On Thursday, the Japanese battery-maker acknowledges that it will stop making power cell at the factory this month because it actually wants to focus with higher margins on Li-ion products, just like the cells found in Tesla Model S and other EVs. It manufactures cells for digital cameras and feature phones, but its demand it gradually declining.
Nobody has the idea about the battery business or plant losing money for Panasonic. According to the statement on the by Yayoi Watanabe, “The global market for these products has been shrinking.” This indicates that it might want to shift the focus from that type of production.
The company was quick to contend that the termination was not due to the current economic crisis in China. The act had many things to with way in which the international battery business is progressing.
This not the first time that smart car maker and Elon Musk played their roll in firing someone and it is also expected that they will keep playing that role in future too. Panasonic’s operations in Beijing could not keep up with the pace anymore. If people, such as Elon Musk, will not change their approach, many people will be jobless in the upcoming years and it is very difficult for any other company to appoint hundreds of people at once.
The Gigafactory will be the biggest battery producer in the world, as it will catch up with the business from all the plants around the world and will supply products, such as home energy storage.
As the world is changing and evolving constantly, current technologies and many jobs are going to be rendered useless. This is the reason that is killing the job opportunities, and it is expected that there would be a chance of more unemployment in the future. The only solution to overcome this situation is a negative income tax.
Job opportunities in any economy rely on the employment in private and public sector. Corporate giants provide such jobs to people, which might have a negative impact upon individual and economy followed by such mass firing/downsizing.
Toyota's latest car meets what Tesla provides to its customers.
Toyota Motor Corporation is the giant in the automotive industry. The company is still one of the most dominant forces in the sector and has also leaded the market for a very long time. There was an ongoing battle between Toyota and Tesla where Tesla was providing a more better mile range than Toyota. The executives of the company previously explained that the time of electric battery cars is almost over and they cannot survive in the real world. As for the hydrogen-fueled vehicles are concerned, the future is dependent on them.
The company’s latest launch, Toyota Mirai, has surpassed the agreements after it announced that its car can give a 312 miles of driving range on a single hydrogen tank. These agreements have been surpassed in California. According to sources, it is quite convincing that Toyota Mirai can now be driven 312 miles on a single hydrogen tank. Stock Transcript reports “It is a convincing figure that an EPA-estimated 67 miles each gallon equal to that which drives the series of the Toyota Mirai past every other zero-emissions car on the market, counting the all-electric Tesla Model S P85 D.”
Regardless of its exceptional new driving range, the latest car possibly encounters a ‘crippling’ setup challenge. The Energy department revealed that only 12 hydrogen fuel stations are open to public in the whole United States and this might create problems for the car owners. Furthermore, 10 out of those 12 are based in California only. Hence, this could be the only reason as to why Toyota has sweeten the deal for possible buyers to 1.97 percent.
The company has vowed that the Toyota Mirai owners will receive free fuel for three years or fuel worth of $15,000. But this does not meet or come close to what Tesla Motors provide to its customers. The owners of Tesla’s cars will be provided with free fuel for life from more than 425 supercharger stations installed throughout the world. Furthermore, in order to do long distance travelling, there are more than 9,937 electric charging stations in the US and 2,200 only in California.
According to the Toyota's website, “Toyota has plans to create 46 hydrogen fueling stations in California. This demonstrates that the initial purchaser of Toyota Mirai will possibly fit the classic early-adopter frame. In other words, this is not a vehicle for a timid technophobe. Toyota has taken a lot of flack for its goals of the hydrogen car.”
Tesla Motor introduces its latest innovation, liquid-cooled Supercharger cables.
Tesla Motor Inc’s new liquid-cooled Supercharger cables are reported to result in quick charge time. Tesla CEO Elon Musk announced in the latest annual shareholder’s meeting, held on June 9, that the company has "just introduced" the new charging cables in a bid to cut back on EV charge time, reports Greencarreports..
Mr. Musk, the CEO of electric vehicles manufacturing company said that the latest, thinner, and more flexible charging cable "have the potential for the increased power of the Supercharger long term." It is widely believed that the innovative technology will help reducing energy lost by way of heat; the cooling mechanism will result in a lighting fast-charge time, saving the driver’s time; increasing convenience.
Although according to recent Tesla Motors reports, Mr. Musk refrained from providing more details as to how many liquid-cooled charger cables will be installed or by when will the installation process be completed, but reports claim that the first such charger cable has been installed at the Supercharger station close to the Model S maker’s headquarters in Palo Alto, California.
The latest liquid-cooled charging cables coupled with Tesla’s increased number of supercharging stations in the country will prove to be a bonus selling point for the company to market its EVs even more. The move is likely to turn into Tesla’s favor as the company is all set for a Model X, Tesla’s crossover offering in the next few months, greater convenience in charging the EV help the company to attract more consumers.
Despite the company’s effort in streamlining its EVs into the industry, some analyst still argue if the high-speed superchargers will ever be able to fully compete with a quick gasoline fill up, which offers a much greater milage figure as well coupled with a massive network of gas stations around the country.
In other news, the EV maker was reported to be in line in achieving its goal of introducing its mass-market Model 3 in 2017. However, the recent development in the news is that the chief technical officer, Jeffrey B. Straubel, stated that the entry level EV will be available in two variants, sedan, and crossover, as well in a bid to capture a wider audience.
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 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.
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.
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.
