Like the fire that forced Rhett Butler and Scarlett O'Hara to flee Atlanta in Gone With the Wind, the battle between Tesla Motors and Georgia's auto dealers is heating up. In late August, the Georgia Automobile Dealers Association (GADA), which represents about 500 dealerships, filed a petition to prevent Tesla from selling its electric vehicles in the state. Tesla is now requesting a Georgia judge to throw out the petition, the Atlanta Business Chronicle says.
Tesla's 2014 third quarter financial report mixed some positive news with gloomy messages. On one hand, the electric carmaker posted its best quarter ever in terms of deliveries, including its best single day with 907 EVs delivered. The company also announced expanded production to get even more vehicles out the door by the end of 2015. However, the Model X got delayed yet again and higher prices in Europe were mulled. Dousing the results with a bit more cold water, a Merrill Lynch investor lett
The price for the Tesla Model S around Europe started higher than the US price but then went down. On a recent conference call with investors last week, CEO Elon Musk said that the future price will be going up. Probably.
Sitting outside in the sun at the SEMA show this week was the modified Tesla Model S from Unplugged Performance . As we noted a few days ago, this company wants to be known as the "AMG of Tesla" and has made a few changes to the standard S to try and claim the title.
CEO Elon Musk Says, 'Media Tends To Read All Sorts Of Nonsense Into The Deliveries'
While most automakers that sell vehicles in the US release a flurry of numbers at the beginning of every month to tell us how many cars and trucks they've sold, Tesla Motors has resisted following the herd. This can be frustrating for those of us who like to look at some cold, hard numbers, but CEO Elon Musk has a good explanation for why he won't play the sales figures game.
CEO Elon Musk Names Falcon Wing Doors As One Potential Issue
Besides the third-quarter sales figures for the Model S this year, the big news from the Tesla investor earnings call yesterday was another delay of the Model X electric SUV. CEO Elon Musk made it clear in his letter to investors that he did not want to "bring a product to market that does not delight customers," and he expounded on this in the call yesterday afternoon.
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.
What do you charge for a vehicle you're going to lose money on? If you're Mercedes-Benz and the vehicle in question is the B-Class Electric Drive, you offer it for lease for just 399 euros ($498) a month with a down payment of 8,473 euros ($10,582). If Daimler was going to price it honestly, it seems, the number would have to be a lot higher.
If you've been aching to see more Tesla Model S crash test videos, it's your lucky day. The European New Car Assessment Program (Euro NCAP) safety agency has announced that the EV scored a 5-star safety rating in a new battery of tests. And it released the video footage for you to "enjoy," which you can do below.
Luxury EV Gets Entirely New Interior, Fresh Fascia From Unplugged Performance
Take a Tesla Model S, rip out the interior and throw on a new face and you might come up with the electric blue EV you see above. The modified Model S pictured is the new car that Unplugged Performance will bring to SEMA this week as it continues towards its self-declared goal of becoming the "AMG of Tesla." The first thing we noticed was how the updated fascia has a real Tom Selleck vibe, even if it's not quite the can't-look-away mustache of the Fisker Karma.
Call it Keeping up with the Hansens. Through a combination of environmental consciousness, big-time government incentives and good old-fashioned peer pressure, Norway has become the country with the highest number of electric vehicles per capita. And Nissan couldn't be happier.
Tesla Motors chief Elon Musk strikes us as someone who retches at the word "average," especially when it's applied to one of his companies. But that's the reliability grade his company's Model S all-electric sedan has received from Consumer Reports. From what others have reported, that might not be a bad thing.
Tesla will soon put its all-electric Model X crossover on sale, and if it's anywhere near as successful as the brand's four-door sedan the Model S, then it'll be a hell of an attention getter for mainstream automakers. Land Rover isn't waiting for proof of the Model X's success, though.
Trading Tesla Motors stock is not for the faint hearted. For example, the stock was worth $235.24 at the end of trading on Friday but then dropped to $221.67 by the end of Monday. After yesterday's trading, it was back up to $242.77, a gain of almost 10 percent on the day. The movement was apparently due mostly to a negative article in The Wall Street Journal and then a social media response by Tesla CEO Elon Musk.
Tesla Motors is offering an enticing deal for potential buyers who might not be entirely sure whether they actually want to own a Model S for the long term. A deal through US Bank not only lowers the cost to lease the EV but also turns leasing the brand's electric sedan into a long-term rental.
Company Might Be Forbidden From Selling Cars, But Fans Can Still Talk To Each Other
A month or so ago, the Iowa Department of Transportation stepped in to prevent Tesla Motors not only from selling the Model S in the state, but even from offering test drives. That move didn't sit right with some people, but it's not stopping the EV-curious in Iowa from learning about the popular electric vehicle thanks to Tesla's dedicated fan base.
The incredible rise of Tesla's stock price has done little to now stop two major shareholders from ditching their stake in the American EV manufacturer. First, Daimler, parent company of Mercedes-Benz, ditched its four-percent stake, and less than a week later, Toyota is doing the same thing, selling off an undisclosed bit of its Tesla investment.
Contestant Gets Selfish Once Face-To-Face With Luxury EV
When it comes to game shows, The Price Is Right is about as mainstream as American TV gets, beaming lust for fancy new prizes into millions of homes every day. Recently, the show held its annual Dream Car Week, which this year included a Tesla Model S along with a Porsche Cayenne, a Land Rover Range Rover Sport, a Maserati Quattroporte and an Aston Martin V8 Vantage.
Tony Posawatz Questions ZEV Credit Sales, Suggests More Effort Go Into Model 3
Former Fisker Automotive CEO and ex-Chevrolet Volt vehicle-line director Tony Posawatz has some words of caution for Tesla Motors. The long-time automaker executive questions the California automaker's long-term viability – and gives some praise – in a talk with Benzinga, which you can listen to below.
California Start-Up Keeping Up With Nissan and Leaf Sales
Nissan sold its 50,000th Leaf a total of two years and two months after introducing the EV to dealerships. Tesla isn't as established as Nissan, and its Model S - with its higher levels of luxury and performance - costs multiple times more than the Leaf. Consider the Tesla's starting price of $70,000-plus (and easily much more with a bigger battery and a few upgrades), and compare that to the Leaf's base MSRP of just a bit over $30,000 before its 2013 price cut. It would make sense, then, that i