Tag Archives: Tesla

Tesla reverses course on price cuts amid plans to keep most stores open

Tesla reverses course on price cuts amid plans to keep most stores openOne of the more interesting and admirable things about Tesla over the years has been the company's clear vision and unwavering adherence to a coherent product strategy. As laid out in the first installment of Tesla's master plan more than a decade ago, the company described in clear terms its plan to revolutionize the auto industry by using profits from pricier electric vehicles to develop and manufacture a mass market EV, a car we now know as the Model 3. Recently, though, Tesla seems to be somewhat prone to waffling as opposed to sticking with a coherent game plan. Late last month, for example, Tesla at long last announced the long-overdue arrival of the $ 35,000 Model 3. The company also announced that it would be closing nearly all of its stores and that the Model S and Model X would also see some slight price reductions. Not even two weeks later, Tesla has had something of an about-face. Perhaps realizing that closing the majority of its stores was a short-sighted move, the company over the weekend announced that it will keep most of its stores open and that the promised price cuts for the Model S and Model X won't be implemented. Tesla's updated announcement on the matter can be viewed below: > Last month, we announced that we would be winding down many of our stores and moving to online-only sales in order to pass the savings along to our customers. Over the past two weeks we have been closely evaluating every single Tesla retail location, and we have decided to keep significantly more stores open than previously announced as we continue to evaluate them over the course of several months. When we recently closed 10% of sales locations, we selected stores that didn’t invite the natural foot traffic our stores have always been designed for. These are stores that we would have closed anyway, even if in-store sales made up our entire sales model. A few stores in high visibility locations that were closed due to low throughput will be reopened, but with a smaller Tesla crew. In addition, there are another 20% of locations that are under review, and depending on their effectiveness over the next few months, some will be closed and some will remain open. As a result of keeping significantly more stores open, Tesla will need to raise vehicle prices by about 3% on average worldwide. In other words, we will only close about half as many stores, but the cost savings are therefore only about half. Potential Tesla owners will have a week to place their order before prices rise, so current prices are valid until March 18th. There will be no price increase to the $ 35,000 Model 3. The price increases will only apply to the more expensive variants of Model 3, as well as Model S and X. To be clear, all sales worldwide will still be done online, in that potential Tesla owners coming in to stores will simply be shown how to order a Tesla on their phone in a few minutes. And the generous return policy of 1000 miles or 7 days, whichever comes first, should alleviate the need for most test drives. However, cars will still be available for test drives at stores at the potential Tesla owner’s request. Stores will also carry a small number of cars in inventory for customers who wish to drive away with a Tesla immediately.All in all, this seems like the right move for Tesla. Though the company noted that most orders occur through the Tesla website, that's probably a function of eager Tesla buyers willing to pull the trigger with not so much as a test drive. If Tesla truly wants to hasten the adoption of EVs, though, it needs physical retail locations where complete strangers to the Tesla brand can learn about the company and schedule test drives.



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Tesla blames misprinted label for China customs hiccup

Tesla blames misprinted label for China customs hiccupBENGALURU/SHANGHAI (Reuters) – Tesla Inc said on Tuesday that China’s customs authorities have accepted the electric carmaker’s plan to resolve problems with the clearance of its Model 3 sedans that centred around misprinting of labels. Shares in Silicon Valley billionaire Elon Musk’s company fell more than 5 percent in early trading after Chinese media reported Shanghai customs had suspended clearance for a batch of Tesla’s cars. “We have already reached a resolution with Chinese customs, and we are working closely with them to resume clearance procedures on these vehicles,” a Tesla spokesperson said in a statement.



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Tesla says working on China import hiccup

Tesla says working on China import hiccupTesla said Wednesday it was working to resume imports of its new Model 3 sedan in China after the company said a labelling hiccup caused problems with customs. Elon Musk’s electric car firm denied the issue would impact sales of the vehicle in China, a key market for the automaker as it faces a battle to control costs and maintain profitability. Local business weekly Caixin reported Tuesday that China’s customs administration had suspended imports of its Model 3 cars and was holding more than 1,600 of the vehicles — briefly sending Tesla’s stock tumbling in the US.



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We're About To Get Our First Glimpse of the Tesla Model Y

We're About To Get Our First Glimpse of the Tesla Model YElon Musk promises a smaller crossover built on the same platform as the Model 3 will enter production in 2020.



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How We'd Spec It: The Best-Value Tesla Model 3 Is Not the $35,000 One

How We'd Spec It: The Best-Value Tesla Model 3 Is Not the $  35,000 OneWe think the $ 40,000-plus Mid Range model offers more bang for the buck.



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One year after it was shot into space, let’s check in on Elon Musk’s Tesla Roadster

One year after it was shot into space, let’s check in on Elon Musk’s Tesla RoadsterIt's hard to believe it's already been a year, but exactly 12 months ago today was the first launch of SpaceX's Falcon Heavy. The rocket launch was a huge success and while SpaceX hasn't launched Heavy again in the time since, it was still a very big deal for the company.Falcon Heavy, which has since been usurped by new SpaceX projects including Starship and Super Heavy, flew skyward one year ago and took Elon Musk's own Tesla Roadster along for the ride. The pricey payload, with its Starman mannequin seated behind the wheel, has been flying through space ever since.Let's check on its progress, shall we?Figuring out exactly where the Roadster and its Starman passenger are at any given point is incredibly easy thanks to the handy website whereisroadster.com, which tracks the progress of the vehicle every moment of every day.Going by the site's statistics, the Roadster is currently around 226 million miles from Earth and 163 million miles from Mars, and it got to its current position by traveling at a speed of approximately 5,149 miles per hour. That's an incredibly speedy vehicle, and it won't be slowing down any time soon.As far as total distance traveled, the car has cruised for a whopping 473.3 million miles as of this writing. It'll take approximately 557 days for the Roadster to make a full orbit around the Sun, and it's projected to continue to travel through space for a long, long time to come.As LiveScience notes, scientists believe the Roadster will eventually crash into either Earth or Venus. However, it could take many millions of years for that to happen, and the odds of it slamming into either planet in the next million years are significantly less than ten percent.It's worth noting that by the time the Roadster meets its end, it will likely look a whole lot different than it did when it initially took off. Telsa vehicles might look nice and shiny here on Earth, but the harsh conditions of space are likely to wreak havoc on the exterior as well as Starman himself.



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Factbox: Tesla executive departures since 2016

Factbox: Tesla executive departures since 2016(Reuters) – Tesla Inc on Wednesday announced the departure of Chief Financial Officer Deepak Ahuja, the latest senior executive to leave the company as it strives to ramp up electric car production and reach long-term profitability.



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Tesla Restructures Model S and Model X Prices and Battery Options

Tesla Restructures Model S and Model X Prices and Battery OptionsGone are the familiar 75D, 100D, and P100D trim levels.



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Tesla Restructures Model S and Model X Prices and Battery Options

Tesla Restructures Model S and Model X Prices and Battery OptionsGone are the familiar 75D, 100D, and P100D trim levels.



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Tesla Model X owner caught sleeping on the highway with Autopilot turned on

Tesla Model X owner caught sleeping on the highway with Autopilot turned onA wild, if not disturbing, video that originally surfaced on Jalopnik shows a Tesla Model X owner taking a full-on snooze while his car drives down the highway. Tesla's Autopilot feature is of course activated but it's clearly not designed to let people fall asleep at the wheel. If anything, the Tesla driver in the video is so relaxed that he's not even at the wheel; he's full-on reclining.

The Model X in question was reportedly on a highway headed to Las Vegas and thankfully didn't get into any type of serious crash. Indeed, there have been cases where Tesla vehicles on Autopilot get into serious crashes even with a fully alert and attentive driver. Tesla, to its credit, began implementing safety measures around its Autopilot feature in response to Tesla owners abusing the feature in downright dangerous ways. In one widely circulated video that has since been removed from YouTube, a Model S owner a few years ago turned on Autopilot and actually went into the backseat while the Tesla handled all the driving.

The slo-mo video of the sleeping Tesla driver can be seen below.

While there's no denying that Tesla's Autopilot feature works well when used correctly — and has even been known to help save lives — some folks believe that the Autopilot name itself is misleading and can cause drivers to rely on the feature too heavily. A few months ago, for example, a consumer watchdog group penned a letter to the FTC arguing that the Autopilot name should be changed.

The letter reads in part:

> The marketing and advertising practices of Tesla, combined with Elon Musk's public statements, have made it reasonable for Tesla owners to believe, and act on that belief, that a Tesla with Autopilot is an autonomous vehicle capable of "self-driving
>
> …
>
> Tesla is the only automaker to market its Level 2 vehicles as "self-driving", and the name of its driver assistance suite of features, Autopilot, connotes full autonomy. In addition to these formal marketing and advertising ploys, Elon Musk, Tesla's CEO, frequently misleads and deceives consumers about Autopilot's safety and capabilities.

There's no indication, however, that Tesla will tweak the Autopilot name in the slightest. At the time of the aforementioned letter, a Tesla spokesperson said that Tesla owners have a "very clear understanding of what Autopilot is, how to properly use it, and what features it consists of."



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