Tag: Tesla

14
Oct
2020
Posted in technology

Tesla Model X Range Increased?

While most of the attention on Tesla’s vehicle lineup today was on the Model S due to a $3,000 price cut, there may be an interesting development happening for the Model X as well. Tesla Motors Club forum member ColdWeatherEV recently took delivery of a brand new Model X and shared some details about the vehicle in a post on the forum.

“I just took delivery of a 2021 Model X, VIN 308XXX, and I was surprised to see that the EPA Monroney sticker lists the range at 371 miles,” writes the user. The Monroney sticker is a required label in the US for all new vehicles and contains official information about the car.

On Tesla’s website, the currently-listed EPA range for the Long Range Plus Model X is just 351 miles, 20 miles lower than the range listed on the Monroney sticker of this new delivery. While this is just one source, the user did share images of the Monroney sticker.

2021 MX

Tesla has a history of rolling out updates without announcement, so a longer range Model X is not outlandish. If 371 miles of range is accurate, it would represent a nearly 6% gain. Tesla’s online design studio will be closely watched over the coming days, especially as updates to the Model 3 trickle out.

For more on Tesla, including a rating upgrade by the S&P and the company’s entrance into India, please see the included video and be sure to follow Tesla Daily on The Street.

Disclosure: Rob Maurer is long TSLA stock and derivatives.

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04
Oct
2020
Posted in technology

A Major Tesla Investor Has Predicted Bitcoin Will Be Worth More Than $1 Trillion In Under 10 Years

Bitcoin has had a strong start to the decade, adding over 40% to its price so far this year—and taking its market capitalization to around $200 billion.

The bitcoin price, which began the year at around $7,000 per bitcoin token, has been on a roller coaster through 2020, crashing to under $4,000 in March before rebounding to well over $10,000.

With a raft of established investors turning to bitcoin this year as a potential hedge against the inflation they see coming as a result of unprecedented government spending and money-printing, a prominent investor in electric car-maker Tesla
TSLA
has said it expects bitcoin’s total value to balloon to between $1 trillion and $5 trillion during the next five to ten years.

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“Bitcoin offers one of the most compelling risk-reward profiles among assets, as our analysis suggests it should scale from roughly $200 billion today to $1-5 trillion network capitalization during the next five to ten years,” Ark Invest’s director of research, Yassine Elmandjra, wrote in a report out last month, adding that investors shouldn’t ignore bitcoin as an asset class.

Ark is best known for its wildly optimistic price target for Tesla—a bet that has somewhat paid off this year as the Tesla price increased fourfold.

Bitcoin was by far the best performing asset of the last decade, with its price increasing from almost zero to highs of around $20,000 per bitcoin token in late 2017 before falling back somewhat. But, despite this massive run, Ark remains very bullish on bitcoin.

“Our analysis suggests bitcoin is early on its

01
Oct
2020
Posted in technology

Tesla Shares Gain On China Price Cuts;Q3 Deliveries in Focus

Tesla Inc.  (TSLA) – Get Report shares powered higher Thursday following reports that the clean energy carmaker had cut prices for its Model 3 sedan in China and could be ready to publish record third quarter deliveries later this week.

Tesla’s China website suggests that starting prices for its popular Model 3, which are now made in its Shanghai factory, have been reduced by 8% to around $36,800 each, while the longer-range version was reduced to around $40,000 each. The new models will also included cheaper lithium iron phosphate batteries, Reuters reported.

Tesla shares were marked 3% higher in pre-market trading Thursday to indicate an opening bell price of $442.20 each, a move that would trim losses since the stock’s five-for-1 split on August 31 to around 11.2%.

A report  from the tech-focused ‘electrek’ news website yesterday also suggested Tesla’s third quarter deliveries could come in at a record high later this week, thanks in part to solid China sales which topped the 11,000 mark last month in the world’s biggest car market.

Street forecasts suggest Tesla’s third quarter deliveries will rise to around 140,000 vehicles, compared to a 90,650 tally for the three months ending in June. That would still leave Tesla needing to shift 166,000 cars — another record — over the final three months of the year to meet its 2020 estimate of 500,000.

JMP Securities analysts Joseph Osha, however, thinks that while Tesla could ‘plausibly’ reach the Street’s consensus of 136,000 deliveries in Q3, he sees “more downside than upside” to the tally, thanks in large part to weakness in Europe and flat growth in the United States.

“None of this is to suggest that TSLA’s competitive success is slowing more fundamentally,” Osha said in a client note Thursday. “We note that our unit

01
Oct
2020
Posted in technology

Tesla Model 3 gets average marks in new assisted-driving assessment

Very good systems, but Tesla perhaps promises too much, according to the NCAP.


Tesla

Research has made it clear that ordinary drivers don’t fully understand how driver-assist and active safety features work. While we wait for standard procedures to truly test these system on a level scorecard, the European New Car Assessment Program revealed its latest attempt to grade notable vehicles and their technology.

With help from Thatcham Research, NCAP revealed its Assisted Driving assessment on Thursday. It breaks driver-assist features down into three scored categories: Vehicle Assistance, Driver Engagement and Safety Backup. The first category scores the systems onboard to see how effective they operate, and how multiple systems work together to assist the driver. The second category looks at transparency: NCAP scores an automaker’s marketing materials for accuracy, how the car monitors the driver to ensure they stay alert and how the car communicates its status with the driver. The last category is all about redundancy: It measures how a car reacts in the event of a system failure or if a driver suddenly becomes unresponsive with assist systems engaged, for example.

On a points scale, cars can earn a Very Good (160 points or more), Good (140-point minimum), Moderate (120-point minimum) or Entry (100-point minimum) score. Anything below 100 points does not register on this assessment. The group then tallies a final score by taking the lowest score between Vehicle Assistance and Driver Engagement, plus the Safety Backup score.

So, for example, the highest-rated vehicle from the first test batch, the Mercedes-Benz GLE, earns 174 points. It scored 86 in Vehicle Assistance, 85 in Driver Engagement and 89 in Safety Backup. NCAP took the 85-point score, the lower tally,