And Other Interesting Tidbits From Its Earnings Call
During its earnings call with financial analysts following the release of its 2015 Q3 results, Tesla appeared unfazed by the news of cheap batteries being made available to GM, and also announced it would constrain Autopilot use.
Anyone out there curious what towing a two-ton boat will do to an electric vehicle's single-charge range? Going through the mud? Well, someone will be able to find out by next year. That's because the Tesla Model X all-electric SUV will indeed be the first all-electric vehicle have towing capacity.
Since learning that deliveries of the Model X from Tesla Motors would now be delayed until sometime next summer, speculation has focused on the rear doors of the electric SUV as the likely source of the problem. We think this is a pretty good assumption considering that CEO Elon Musk said as much himself.
Tesla CEO Elon Musk made one thing clear today as he announced his company's third-quarter sales figures: the company has more than enough demand for its luxury electric vehicles and its main problem is getting production ramped up. In fact, Tesla expects Model S orders and deliveries to increase by 50 percent next year. Buried in the good news, though, was word that the upcoming SUV version, the Model X, is going to be delayed. Again.
Those falcon wing doors appear appropriate for the Tesla Model X, as pre-orders for the battery-electric SUV are flying. That's what Gas2.0 is saying, citing various sources. So despite Model X deliveries not happening until the spring of 2015, folks are lining up.
When running a business, having to throttle the hype for a new product isn't such a terrible problem to have. That's exactly was Tesla is doing with its Model X SUV, which is slated to go on sale next year. During a quarterly earnings call (transcript available here), Tesla CEO Elon Musk explained that Tesla is currently steering customers away from the upcoming electric ute.
Reports Say The German Automaker Has Plans For A Range Of EVs
Audi may be looking to get seriously competitive in the electric vehicle market, according to a report from Reuters. The company has plans prepared for a range of EVs that would compete with the likes of BMW and Tesla. In a market where innovation is seen as valuable, getting on board with electrification could help Audi avoid appearing out of step with the rest of the crowd (and the market), with analysts predicting a sharp uptick in battery-powered cars in the next several years.