Search Results for: Model 3

Cars Stories June 13, 2016

FCA CEO Marchionne doesn’t understand Tesla’s model but claims he could copy it

FCA’s outspoken CEO, Sergio Marchionne, has been known to make unpopular but frank comments about electric cars and the future of the auto industry. The man in charge of Alfa, Fiat, Chrysler and Jeep, called for its customers not to buy his electric car, the Fiat 500e, because he estimates the company is losing about $10,000 […]

Tesla confirms achieving a production rate of 2,000 cars/week and releases new details about its production

Only three years ago in 2013, Tesla Model S’ first full year of production, the automaker built just over 20,000 vehicles or around 400 per week. Now we learn that Tesla recently achieved for the first time a production rate of 2,000 vehicles per week for an annualized rate of 104,000 cars. In its last […]

Cars Stories June 14, 2016

Tesla launches a pilot project to sell cars inside Nordstrom stores

Tesla has an undoubtedly unique retail strategy in the auto industry, the company owns all its retail locations and has plenty of ‘galleries’ in malls, which is unusual for an automaker, but it is now taking it to the next level by launching a pilot project to sell its vehicles inside Nordstrom stores – starting […]

Cars Stories June 16, 2016

Tesla is trying to convince Model 3 reservation holders to buy the new lower price Model S instead

The introduction of Tesla’s new Model S 60 coincided with the company achieving its production rate of 2,000 vehicles per week. It looks like the automaker has mostly worked through its production problems with the Model X, which means that for probably the first time, Tesla is not production constrained anymore and this is evidenced […]

Tesla applied for a $106 million tax break on $1.26 billion expansion of Fremont Factory for the Model 3

A few weeks ago, Tesla closed an important $1.7 billion stock offering to finance its new build plan for the Model 3. The capital raise was needed for Tesla to accelerate its production and achieve a rate of 500,000 cars in 2018 – two years earlier than previously planned. The new plan is in response […]

Cars Stories June 19, 2016

Tesla Model 3 reservation holders are starting to receive their ‘token of appreciation’

In the days following the unveiling of the Tesla Model 3 and the subsequent flood of pre-orders for the vehicle, CEO Elon Musk said that the automaker will be sending out a “token of appreciation” to those who stood in line at the store to reserve the Model 3 before it was even unveiled. Token […]

Cars Stories March 8, 2016

Tesla Model 3 unveiling event reportedly will have only a small guest list selected by Elon Musk

We have been wondering why only a few people have received an invitation for the Model 3 unveiling, which is now only 3 weeks away. As of now, only the winners of the referral program have reported having received the invite for the event taking place in Los Angeles. The last event Tesla held in Los […]

Cars Stories March 18, 2016

Tesla employees began reserving their Model 3s last night, sight unseen

Last week we exclusively reported that employees would have early access to Model 3 reservations and this morning, employee sources have confirmed that the invitations went out at around 1am PT. Employees weren’t given a look at the Model 3 or any of the specs and are ordering it sight unseen. Two different sources say that […]

Tesla sends out official Model 3 unveiling invites with “3” stylized as 3 horizontal lines

Around the same time Tesla allowed its employees to place an early reservation for the Model 3 last night, the automaker also sent out the official invites for the Model 3 unveiling event on March 31st. 650 Tesla owners have been chosen at random to attend the event in Los Angeles. It will be a […]

Tesla Model 3 “leaks”, lets debunk them

The excitement around the upcoming unveiling of the Tesla Model 3 is at an all-time high and even though we are less than two weeks away from the event, some people can’t wait and are yearning for leaks. Unfortunately, it is leading to a multitude of fake leaks recently, whether intentional or not. Most are simply […]

Cars Stories April 6, 2016

Nissan CEO welcomes the storm of Tesla Model 3 reservations

Tesla has mostly welcomed electric vehicle competition since it contributes to its mission to accelerate the advent of electric transport, though it didn’t stop CEO Elon Musk to literally laugh at competition on occasions. Nissan is another automaker with a strong commitment to EVs and it has a similar approach to competition in the market. CEO Carlos […]

Cars Stories April 7, 2016

Tesla Model 3 is shaking up the industry: Daimler shareholders express concerns at annual meeting

Tesla has yet to deliver a single Model 3 and probably won’t for another 18 months, but the fact that close to 300,000 people already signed up to pre-order the vehicle is already disrupting the industry. During Daimler’s annual shareholders meeting in Berlin on Wednesday, several shareholders have expressed concerns over Silicon Valley-based companies – especially Tesla – […]

Tesla confirms ‘increasing its production plans to minimize the wait for Model 3’

In an email sent out last night (see below), Tesla confirmed that following the overwhelming number of Model 3 reservations it received, the company is currently “increasing its production plans to minimize the wait for Model 3” – something Elon Musk hinted Tesla was looking into after witnessing the long lines of people waiting at Tesla’s […]

Tesla received more than 325,000 Model 3 reservations after one week – $14B in “implied future sales”

Tesla confirmed having received more than 325,000 Model 3 reservations a week after opening the process to the public. The automaker claims that it corresponds to about $14 billion in implied future sales. The company is calculating “implied future sales” on an estimated average sale price of $42,000 after options and by assuming that everyone who placed a […]

GM to update Bolt’s “200 miles range” now that Tesla Model 3 has 215 miles

During a media briefing at GM’s Alternative Energy Center this week, GM’s General Director of Electrification, Tim Grewe, said that Bolt prototypes have pushed past the 200 miles range that they were previously advertising. Coincidentally (or likely not), the news come just a week after Tesla unveiled its Model 3 and said that it is expected […]

Cars Stories April 8, 2016

Tesla Model 3 renderings with a bunch of new paint jobs [Gallery]

Tesla unveiled the Model 3 last week and displayed a several prototypes in a select few custom colors. The company also released some promo shots with different paint jobs, and there’s a bunch of interesting options, but if you want to get an idea of what Tesla’s new vehicle would look like in other colors, here’s […]

Tesla walking back some language around the Model 3’s features: Safety, Autopilot and Supercharger [updated]

After Tesla CEO Elon Musk unveiled the Model 3 last week and went through a few of the car’s features, it would have been difficult to find an EV enthusiast disappointed by the event. But now a week later, the automaker has been altering the language around the Model 3’s features and it has raised a few […]

Cars Stories April 11, 2016

Tesla hires the interior designer of Porsche’s all-electric Mission E

Porsche last year unveiled what it said will be its first all-electric vehicle: the Mission E. The German automaker green-lighted the vehicle for production in December and announced a €1 billion investment to retrofit its factories in order to manufacture electric vehicles. The press was quick to call the Mission E a “Tesla Killer” despite the […]

Cars Stories March 22, 2016

Tesla Model S US price increase reportedly coming in April after Model 3 unveiling

Following the persisting rumor that Tesla is planning a “facelift” or at least new options for the Model S starting this spring, we learn that the automaker could also increase the price of its flagship sedan in the US as soon as next month, right after the Model 3 unveiling set for March 31st. We are […]

Architecture firm offers to split the cost of reserving the Tesla Model 3 with its employees

When we say that we’ve never seen so much enthusiasm for a product launch in a long time, we are not kidding. Here’s a great example. San Antonio-based Architecture firm Lake Flato announced that it took upon itself to offer to its employees the opportunity split the $1,000 cost of the reservation deposit for the Tesla Model 3.

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