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.
The auto making giant has emerged to be a little uncertain talking about making successful deliveries of its SUVs shaking up confidence of the investors.
Tesla Motors has given out huge numbers for the delivery of its electric cars on a number of platforms which has made analysts in the market rather confused about what to actually expect from the giant. The auto making giant is expected to be selling the model S version of its cars in a huge number for sure, but the analysts have raised questions as to how many of the new SUV will the giant manage to sell by the time its reporting time for the fourth quarter.
The analysts in the market who have been analyzing the way things have been going on within the auto making company are of the opinion that the fact that even Elon Musk, the CEO of the firm, failed to give out a clear guidance for the sales of the Model X car for the fourth fiscal quarter did not make things any better for the investors. The fourth quarter of the year initiated right after the major launch event was held and things might also turn out to be a little shaky as to where the sales of the new car is concerned.
Following a press conference in which Musk was questioned about what he thought could make him reach out to the over the top bullish sales figures he has expressed to achieve over the past few months, analysts thought that even he looked uncertain about a lot of things. The hybrid car makers have also suggested that the fact that there are expected to have some ups and downs even in the production is what is making the CEO so uncertain in the first place, and if that works out for him then the auto company could actually end up attaining the sales numbers it believes it could obtain in the next five years.
Musk also suggested that most of the time the reason any company fails to achieve its sales target is generally because of the way its supplier lags behind in supply the car or other products in time, which is the only delay that can be expected from the electric vehicle producers in the long run as well.
Analysts, on the other hand, believe that the fact that the firm has shown uncertainty regarding its quarterly deliveries shows that the firm could actually end up not achieving its exponential targets that it had previously set to make sure there are a massive number of EVs on the road before the end of 2020.
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.
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.
The corporate giant has broken all records by reporting a rise of 23% on year-to-year sales.
Fords Motors has recently reported its sales figures on October 1, which came around to be surprisingly higher than the expectations of the analysts. The yearly report showed that the auto-making giant observed a rise in sales. As compared to the previous year’s sales, an upgrade was seen by 23%, a massive improvement to be taken into consideration by its rivals.
As for the sales in the retails department, the rise was still observed and the report showed that it did not show any signs of slowing down any time soon. All the good news apart, Fords cars have still not been performing as they are expected to do so. It was seen that despite the progress made, the share value of the company was not showing any signs of growth, which the analysts are wondering where the hybrid car makers could be headed in near term.
Investors in the vehicle company have turned out to be a little confused about what to think about the future of the company, which is why they have been reluctant to make huge investments.
On a different note, recent Fords news informed the industry analysts that the sales report for the month of September was not just a huge success, but it was also a major step ahead taken by the giant to fight with its rivals in a much better way than it was doing before. As of the sales made in the last month alone, the numbers came around to be at 221,599, which, according to the analysts, is a number that can shake up the entire American auto industry.
Keeping in mind that the sales in September increased by a massive 23 percent as compared to the year before, analysts are talking about how the firm has even broken its own records as in August its sales were raised by just 5.4 percent whereas in July it rose by 4.9 percent only. This also shows that the American auto manufacturer seems to be doing wonders in the industry, while it is also beating records made by other auto giants in the market.
The luxury car maker has proved to be better than expectations and for the near term future, the company’s sales are predicted to get better on bigger levels. Analysts are not the only ones to be bullish about the company now, as investors have shown positive sentiments towards the company as well.
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.
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.
