Oct. 10, 2014, 8:13 AM
- Tesla Motors (NASDAQ:TSLA) trades lower after introducing the new versions of the Model S last night.
- The 60D and 85D version of the Model S feature all-wheel traction, while the EV automaker says the P85D is the fastest accelerating 4-door car ever.
- Early reaction: Automobile analysts have had a largely favorable reaction to the unveiling so far. The new automated driving system features from Tesla impress, particularly the forward-looking radar which can see through snow and fog. Skeptics still wonder if the Model S enhancements will drive sales higher or push the company into the mass-market segment.
- TSLA -6.0% premarket to $241.68.
Oct. 10, 2014, 4:26 AM
- Tesla (NASDAQ:TSLA) CEO Elon Musk last night unveiled a dual-motor high-end Model S vehicle, which will be able to travel 275 miles on a single charge and accelerate from 0-60 miles per hour in 3.2 seconds - the same as the McLaren F1.
- Dubbed the P85D, the sedan will have "auto-pilot" software that includes self-parking.
- Tesla plans to start shipping the car in December.
- The launch presumably reveals what Musk meant when he cryptically tweeted about a "D" last week.
Oct. 9, 2014, 1:26 PM
- Credit Suisse adds Tesla Motors (TSLA -0.4%) to its Top Picks list.
- Analysts Dan Galves thinks the EV automaker's competitive advantages are sustainable.
- He forecasts near cost-parity for Tesla with IC-powered vehicles by 2017 at which point the company could see margins widen or lower prices on models to grab market share.
- CS has a $325 price target on TSLA. Previous: D-day arrives for Tesla Motors
Oct. 9, 2014, 7:44 AM
- Tesla Motors (NASDAQ:TSLA) is due to make an announcement today at 10:00 p.m. EDT from the Hawthorne Airport in California.
- Most analysts expect the EV automaker will announce details on a new all-wheel drive version of the Model S and unveil some self-driving capabilities.
- Shares of Tesla are up 1.4% to $263.00 in premarket action.
Oct. 8, 2014, 1:53 PM
- The EPA says the fuel economy of 2013 models sold in the U.S. averaged 24.1 mpg, up half a mpg from the prior year's model.
- The modest 2.1% improvement is below the pace called for by some environmental groups and just a fraction of what would be needed to keep pace with the government's target for a 54.5 average mpg for the 2016 model year.
- A higher mix of SUV and truck sales offset technology gains by automakers.
- Related stocks: GM, F, TM, OTCPK:FIATY, HMC, OTCPK:NSANY, TSLA, OTCQX:VLKAY, OTCPK:DDAIF, OTC:HYMLF, OTCPK:BAMXY, OTC:KIMTF, OTCPK:MMTOF, TTM, OTCPK:SZKMY, OTCPK:FUJHY, HMC, FCA.
Oct. 8, 2014, 8:31 AM
- Sales of electric vehicles in the U.S. aren't keeping pace with the broader market, according to data compiled by Cowen Research.
- Sales of EVs rose 1% Q/Q in Q3.
- On a market share basis, EVs account for 0.7% of sales this year while hybrids are at 2.9%.
- Models with lithium batteries account for a higher percentage of EV sales than nickel-based batteries, notes Cowen.
- Related stocks: OTCPK:NSANY, TM, HMC, TSLA, GM, OTCPK:BAMXY, OTCPK:MMTOF.
Oct. 8, 2014, 7:50 AM
- Fiat (OTCPK:FIATY) CEO Sergio Marchionne thinks there is room in the industry for a merger to create an automaker bigger than Toyota.
- Marchionne might be the man for the job after helping guiding the acquisition of Chrysler from Daimler and pushing Fiat through a complicated transaction to create Fiat Chrysler Automotive (NYSEARCA:FCA).
- Morningstar analyst Richard Hilgert agrees that the auto industry may see more M&A activity due to the needed economies of scale to compete.
- Automaker stocks: GM, F, TM, OTCPK:FIATY, HMC, OTCPK:NSANY, TSLA, OTCQX:VLKAY, OTCPK:DDAIF, OTC:HYMLF, OTCPK:BAMXY, OTC:KIMTF, OTCPK:MMTOF, OTCPK:PEUGF, OTC:RNSDF, TTM, OTCPK:SZKMY.
Oct. 7, 2014, 11:36 AM
- Expect Tesla Motors (TSLA -0.6%) to debut an all-wheel drive version of the Model S on Thursday at a company event, says Re/code.
- The technology developed for the dual-motor (the "D" from Musk's tweet) could also be utilized with the Model X SUV.
- Self-driving capabilities for the Model S are still expected to be part of the announcement from Tesla tomorrow.
Oct. 7, 2014, 2:38 AM
- Panasonic's (OTCPK:PCRFY) initial investment in Tesla Motors' battery factory will amount to "tens of billions" of yen, says Chief Executive Kazuhiro Tsuga.
- Tesla (NASDAQ:TSLA) founder Elon Musk said in July that he expected Panasonic to contribute 30%-40% of the battery factory’s total cost, which is likely to reach $5B. Tesla will cover about half the amount.
- Tsuga also announced that his company would find it desirable for rates to remain stable, and that the dollar rising as high as ¥120 would be "excessive."
Oct. 6, 2014, 12:21 PM
- Tesla Motors (TSLA +2.8%) will announce a series of automated driving upgrades to the Model S at an event scheduled for Thursday, sources tell The Wall Street Journal.
- Tesla is expected to have its own self-driving car model within five to six years.
- Last week, there was quite a buzz over a tweet from Elon Musk that alluded to a 'D" announcement.
- There's still the issue of the "something else" Musk hinted about. Automotive News thinks a certified pre-owned sales service could be in the works.
- Previous: Let's talk about the D.
Oct. 3, 2014, 8:06 AM
- Panasonic (OTCPK:PCRFY) says it has set up a company in the U.S. to handle its lithium-ion battery production
- It's not a surprise that the startup will be located in Sparks, Nevada where Tesla Motors (NASDAQ:TSLA) is setting up its gigafactory.
- The Japanese electronics giant will fund Panasonic Energy Corporation of North America with $5M in capital.
- Details on the total investment Panasonic plans to make in the gigafactory haven't been released.
- PR from Panasonic (.pdf)
Oct. 2, 2014, 8:02 AM
- Shares of Tesla Motors (NASDAQ:TSLA) move higher in early trading after CEO Elon Musk teases on an October 9 announcement from the company involving a D.
- There's plenty of guesswork focused on if the D is a new model class or an update.
- Speculation on the D: 1) An entirely new model. 2) An all-wheel drive Model S. 3) A Model S with some self-driving capabilities. 4) A Chinese version of the Model S with a long wheelbase.
- TSLA +2.8% premarket to $246.89.
Oct. 2, 2014, 2:10 AM
- "About time to unveil the D and something else," tweets Tesla's (NASDAQ:TSLA) Elon Musk with an accompanying photo displaying an Oct. 9 date.
- Just what either of those entail is still unknown, although Musk has previously suggested that the third generation of Teslas would involve both the long-awaited "budget" sedan and an SUV smaller than the Model X.
- TSLA +0.4% premarket
Oct. 1, 2014, 3:14 PM
Sep. 29, 2014, 6:48 PM
- Global Equities reports some 85 kWh Tesla Model S (TSLA -0.5%) units sporting the car's Tech Package now support driver assistance (inc. lane departure) and speed assist features, as well as parking sensors. The firm speculates Mobileye (MBLY +7.1%) is providing the driver-assistance tech.
- Tesla's site doesn't yet mention the features under its listing for the Tech Package. However, a manual for the latest update to the Model S' software (Version 6.0) does mention lane departure and speed assist systems, and notes each relies on a windshield-mounted camera. Moreover, Tesla has said "some Model S [units] being delivered in North America" now come equipped with the features.
- Mobileye rallied three weeks ago after Elon Musk stated Tesla will offer a car with elements of a self-driving system in 3 years, and will "use sensors and sub-components from many companies." Musk added a fully self-driving car could arrive in 5-6 years.
Sep. 26, 2014, 10:26 AM
- Tesla Motors (TSLA +0.2%) says it opened its 200th Supercharger station in Oxnard, California.
- The EV automaker now has 114 stations in the U.S. in addition to the 66 operating in Europe and 20 in Asia.
- The Supercharger network is expected to be a major selling point for Tesla next year with 98% of the U.S. population slated to be in a coverage area.
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