price Stories May 2, 2016

Dubai received bid of $.0299/kWh for 800MW of solar power. This price represents the lowest yet recorded for solar power (and might not represent the end of the price drops…).

Dubai Electricity and Water Authority (DEWA) has received 5 bids from international organisations for the third phase of the Mohammed bin Rashid Al Maktoum Solar Park, said HE Saeed Mohammed AlTayer, MD & CEO of DEWA. The lowest recorded bid at the opening of the envelopes was US 2.99 cents per kilowatt hour. The next step in the bidding process will review the technical and commercial aspects of the bids to select the best one.

In the USA, in 2014 and with incentives, utility scale solar projects averaged $.05/kWh. On this bid alone, five companies bid below $.045/kW – without subsidies! expand full story

price Stories March 27, 2016

We reported a great deal on the Tesla Model 3 in the past few months, but we focused on the March 31st unveiling event and the reservation process rather than the vehicle itself, and that’s mainly because we simply don’t know much. But now as the event approach, here’s a quick roundup of what we know about the Model 3:

Price

Tesla has repeatedly said that its third generation vehicle will start at half the price of its second generation, the Model S, which starts at $70,000 – meaning $35,000 for the Model 3.

The $35,000 price tag is before any incentive and should be consistent worldwide after exchange rate and import duties. Tesla CEO Elon Musk said the Model 3 will cost “£30,000 or less” in the UK.

Of course, $35,000 is the starting price and Tesla is expected to offer several options, including different battery packs, which would bring the average price of the Model 3 higher. For example, the Model S starts at $70,000, but its average sale price has been closer to ~$90,000. expand full story

price Stories March 9, 2016

After revealing European prices last week, today Tesla confirmed its Canadian Model X pricing and reservation holders can now access Tesla’s design studio to configure their vehicle.

If you reserved the vehicle a few years ago when the Canadian dollar was still holding its ground against the USD, you better be seated when scrolling through the Model X’s pricing because it starts at $122,700 for a base 70D model and can get as high as $208,300 for a fully-equipped P90DL. expand full story

price Stories February 9, 2016

Tesla has never hidden the fact that the Model 3 and especially its $35,000 projected starting price are closely linked to the Gigafactory, which aims to reduce battery costs by more than 30%.

The automaker expects to achieve such a significant cost reduction through economy of scale with a factory output greater than the total world production of li-ion batteries in 2014 – when Tesla announced the project.

Beside economies of scale and incremental technology improvements, Tesla is likely to benefit from the recent decrease in cost of several metals used in the manufacture of li-ion battery cells. expand full story

price Stories January 29, 2016

Tesla CEO Elon Musk gave an interview to Channel 4’s Jon Snow last night during the Prince’s Trust Leadership Dinner in London. Musk said that Tesla plans to sell the upcoming Model 3 in the UK for “£30,000 or less“. expand full story

price Stories December 3, 2015

Green Mountain Power (GMP), an electric utility servicing 265,000 residential and business customers in Vermont, announced today the details of the different options they are offering for the Tesla Powerwall. The company will let customers either lease or outright buy the home energy storage system starting at $37.50 a month.

GMP expects the first shipment to arrive in January, with a total of 500 units arriving over the next few months. Tesla recently moved its home battery production to the Gigafactory in order to accelerate output in early 2016. expand full story

price Stories December 2, 2015

During the weekend, Tesla quietly increased the price of the Model S in Canada by an average of 2%, presumably to adjust for the weak Canadian currency – $1 CAD = $0.75 USD at the moment.

The less expensive version of the Model S, the 70 kWh rear wheel drive, now starts at $89,100 before incentives and destination fees. A fully equipped P90D now costs $173,800 before any incentives.

Here are the Canadian prices for the different Model S drivetrain configurations from Tesla’s design studio: expand full story

price Stories December 1, 2015

Nissan LEAF sales down 60% in the U.S. in November – 1,054 units

Today Nissan released its November US sales report, which reaffirmed decreasing LEAF sales, now down 60% over November 2014. The company delivered 1,054 LEAFs in the US in November versus 2,687 during the same period last year and 1,238 last month.

November brings the year-to-date total to 15,922 units, down from 27,098 during the same period in 2014.

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.

expand full story

price Stories November 30, 2015

Mitsubishi CEO Osamu Masuko talking to Automotive News confirmed that the company will launch the Outlander PHEV in the US around “mid-2016”. The plug-in hybrid version of the Outlander consistently reach the top of the best-selling lists for plug-ins in European and Asian markets where it is available, but the Japan-based automaker has been delaying a U.S. launch for quite some time now. If we are to believe CEO Osamu Masuko, 2016 might finally be the year. expand full story

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