Search Results for: Model 3

Elon Musk Stories April 4, 2016

Tesla’s stock (TSLA) climbing this morning after a weekend of Model 3 news and reservations

Tesla’s stock (TSLA) was up over 4% in early trading this morning after CEO Elon Musk spent his weekend answering questions on Twitter about the newly revealed Model 3 and sending out updates about the number of reservations Tesla is accumulating. Since Tesla unveiled the vehicle last week, 8 financial analysts issued new notes updating their analysis […]

Elon Musk Stories April 25, 2016

Tesla hires O’Neil CEO and former Nike exec to lead operations in Europe, Middle East and Africa

Last year, Tesla announced a restructuring of its sales leadership after it reassigned its Vice President of Global Sales and Service, Jerome Guillen, to a new role leading customer-satisfaction. Guillen later took a leave of absence from Tesla and the company hired Jon McNeill as President of Global Sales, but Tesla kept looking for new executives to […]

Elon Musk Stories February 19, 2016

Tesla hires former GE and Symantec exec as new VP of Global Services

Tesla is on-going some restructuring at the upper management level over the past few months, especially since long-time executive and Vice-President of Worldwide Sales & Services Jerome Guillen took a leave of absence last year, followed by Chief Financial Officer Deepak Ahuja’s retirement a few months later. The automaker has since hired former Enservio CEO Jon McNeill as President Global […]

Elon Musk Stories December 21, 2015

Tesla CEO Elon Musk drops his prediction of full autonomous driving from 3 years to just 2

Tesla CEO Elon Musk was at Stanford’s FutureFest recently and he described how he evaluates the progress and a timeline for artificial intelligence: “If any given year you find your predictions are going further out or coming closer in, that actually one way to think of acceleration [of progress] because otherwise what’s the quantitative measure of […]

Elon Musk Stories December 28, 2015

Tesla’s year 2015 in pictures: Model X, Gigafactory, Autopilot, Powerwall and more [Gallery]

As 2015 is coming to a close, we decided to review Tesla’s year in pictures. We gathered some of the best photos of Tesla’s most important events of the year and some less-known interesting moments – all in chronological order…

Elon Musk Stories March 30, 2016

Tesla CEO takes to Twitter to hedge on Model 3 unveil, says ‘part 2 will be closer to production’

Tesla CEO Elon Musk took to Twitter today to elaborate on the Model 3 launch which happens tomorrow. Perhaps to hedge expectations on how much will be revealed, he noted that there would be a second, more thorough reveal closer to the production cycle which is currently set at late 2017.

Elon Musk Stories January 28, 2016

Model 3 surprise: Tesla is preparing to announce 2 vehicles in March (Updated: Tesla Denies)

(Update: A Tesla Spokesperson called this report “wrong” and that only 1 of the vehicles would be announced in March. Tesla is indeed working on [at least] 2 different Model 3 platform vehicles which we reported previously. Here’s something they were able to verify.)

We’ve seen the Chevy Bolt (not just seen, driven!) so, in March, it is Tesla’s turn to unveil its $30,000 long-range electric car. We’ve had a steady stream of whispers on the Model 3 but are unable to verify much of what we’ve heard.

The biggest tidbit I’ve heard from a second-hand source is that Tesla is readying at least 2 different versions of its Model 3 for the March launch. One version is a sedan and another is a small crossover built on the same platform. I can’t verify if the crossover is the Model Y that Elon Musk mentioned in a Tweetstorm last year, but that would make some sense. We’ve heard that this vehicle will be a smaller version of the Model X with its Falcon Wing doors. Again, it will have a premium price over the Model 3 similar to the $5,000 difference between the Model X and Model S. 

I decided to hold off on publishing this info until I saw Tesla’s Hong Kong presentation this week, which included two cars under wraps (pictured above). Yes, obviously, the artwork is simply a Model X and Model S under digital covers, but the fact that there are two cars to be unveiled adds a little more credence to what I’ve heard.

We broke the news in March of 2014 that the Model 3 platform would be more than just a sedan with the leaked slide presentation below which first mentions “Crossover”.

My source believes that the plan around Christmas of last year was to launch at least two vehicles or configurations at the same time, but obviously things could change. Also, Tesla could have two projects happening simultaneously to contain/isolate leaks.

Other Model 3 info follows:

Elon Musk Stories October 12, 2015

Billionaire hedge fund manager goes after Tesla and SolarCity, but can’t get his facts straight

Jim Chanos is a famed billionaire hedge fund manager known for short selling companies. He is also a regular market commentator for CNBC and Bloomberg. Chanos recently disclosed having a short position on solar installer SolarCity (SCTY) and although he refused to disclose his position on Tesla Motors (TSLA), he doesn’t have good things to say about the […]

Elon Musk Stories October 13, 2015

Tesla CEO Elon Musk goes on two different shows to say he will cut back on media

Media organisations will be disappointed to learn that Tesla CEO Elon Musk plans on cutting back on media appearances. In the past week, Musk mentioned on two occasions, on the Marketplace report and at the New Establishment Summit, that he wishes to reduce time spent on “press stuff” from “2 or 3 percent” of his time to only 1%. […]

Elon Musk Stories October 23, 2015

Elon Musk says Tesla will have a factory in China within 2 years to satisfy local demand for the Model 3

Tesla CEO Elon Musk is in China this week to personally oversee the release of the Autopilot in the country. Speaking at the Tsinghua University earlier today, he said that the company will have production capacity in the country within 2 years according to a Chinese report. The timeline matches the company’s planned release of its mass […]

Elon Musk Stories October 6, 2015

Tesla Model X pricing and availability: inconsistencies and lack of information

Tesla unveiled the Model X last week and first impressions have been extremely favorable across the board. From safety and performance unmatched by any SUV to the unique windshield and Falcon-Wing doors, the Model X impressed quite a few people including tens of thousands of reservation holders who placed $5,000 to $40,000 deposits to be […]

Elon Musk Stories October 7, 2015

How does Tesla get down to $75K ($65K after incentives) for the 2016 Model X?

Fred did some excellent work sorting out the Model X pricing but I was surprised to hear that I’d be able to buy a Model X for $75K  before incentives and $65K with…next year.  But how does Tesla get to the $75K price point without going against CEO Elon Musk’s “Model S +$5000” pricing scheme? After all […]

Elon Musk Stories September 30, 2015

Tesla launches the Model X: safest SUV ever [Picture Gallery]

Some reservation holders have been waiting for over 3 years for the Model X, and now it’s finally here. Tonight Tesla launched its all-electric SUV in Fremont, California in front of a crowd of reservation holders, employees and journalists. We already knew a lot about the Model X prior to the launch – 0 to 60 mph […]

Elon Musk Stories October 20, 2015

Tesla now offers free Powerwalls through its referral program – the top referrer already sold 88 Model S’s

Three months ago Tesla announced a referral program for Model S owners. By referring someone who ends up buying a Tesla Model S, the owner gets $1,000 credit from Tesla to put toward accessories, service or a car, and the new buyer gets $1,000 off his new Model S. The program is only in a […]

Elon Musk Stories November 17, 2015

Sources: Tesla Model 3 will have extreme aerodynamic design details

A new source with connections at Tesla’s design group has informed me that late stage tweaking of the Model 3 is being done with an eye towards extreme minimization of wind resistance. The Model 3, which of course is the renamed Model E, is scheduled to be shown off for the first time publicly in March […]

Elon Musk Stories November 5, 2015

Tesla renews $1,000 referral program for 2 more months with new prizes

Tesla Motors announced the renewal of its $1,000 referral program for the Model S for 2 more months after the end of the first trial period on October 31. It’s fair to say that the program was a success with a single Model S owner selling 100 cars in only 3 months and hundreds of […]

Elon Musk Stories December 9, 2015

Tesla Model X Founders series #36 spotted in California

As Signature Model X reservation holders are still patiently (or impatiently) waiting for a delivery date from Tesla, one more Founders series owner managed to get his hands on the all-electric SUV. This time its the #36, a significant jump from the last reported #13 delivered to Venture capitalist Chamath Palihapitiya.

Elon Musk Stories December 1, 2015

Wall Street is betting against Tesla Motors – TSLA short interest is at its highest in 21 months

According to Nasdaq’s latest short interest update, the total short position on Tesla’s stock increased to 27,367,931 shares – its highest since March 2014. The short position is almost as important as Tesla CEO Elon Musk’s own stake in the company: 28,371,342 shares or about 29% of the float.

Elon Musk Stories November 2, 2015

Tesla is about to publish its Q3 results tomorrow – here’s what to expect

Tesla is set to release its third quarter 2015 financial results tomorrow. The company already confirmed record deliveries of 11,580 cars globally from July to September and it marked the very first quarter with deliveries of two different models: the Tesla Model S and Model X. The Model S remains Tesla’s main source of revenue – meaning […]

Elon Musk Stories November 3, 2015

European markets are leading Tesla Model S sales with a significant increase in October

Tesla is set to release its third quarter 2015 financial results later today, but we are already looking at the fourth quarter as registration data are coming in from some European markets. Tesla will need an impressive fourth quarter to achieve its 2015 guidance and it might get it from what we are seeing so […]

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