Items tagged with (NASDAQ:TSLA)

Tesla is shifting focus always from being primarily an auto manufacturer to a company that is all about sustainable energy (the company recently dropped the “Motors” from its name). Elon Musk detailed his vision for the company in what he dubs “Master Plan, Part Deux” in a blog posting. Musk’s original master plan was revealed in August 2006, and the company has met all of those goals, which include 1) creating an expensive low-volume car, 2) using the funds from that vehicle to produce a medium volume car at a lower starting price, 3) create a high-volume affordable car for the masses and 4) introduce... Read more...
Yet another agency is looking into a fatal crash involving a 2015 Tesla Model S. The latest to don its detective cap is the U.S. Securities and Exchange Commission (SEC), which is investigating whether Tesla ran afoul of securities regulations by not telling investors of the crash involving the company's self-driving car technology. The accident occurred in early May and took the life of Joshua Brown, the owner of the Model S that struck an 18-wheeler when the tractor trailer crossed in front of him on a divided highway. At the time of the accident, the vehicle's Autopilot mode was engaged. Unfortunately... Read more...
Following the first fatal accident involving Tesla's autonomous vehicle technology, the National Transportation Safety Board (NTSB) is sending a team of five investigators to Florida next week to investigate the crash and the circumstances that allowed the accident to occur. That's in addition to a probe by the National Highway Traffic Safety Administration (NHTS). Clarence Ditlow, executive director of the Center for Auto Safety advocacy group in Washington, told Bloomberg that NTSB's probe is "very significant," adding that "the NTSB only investigates crashes with broader implications." Indeed,... Read more...
It seems as though Tesla Motors just can’t catch a break these days. Last week, the company reported that it was under investigation by the National Highway Transportation Safety Administration (NHTSA) after a driver was killed using Autopilot in a Model S EV. While blaming fingers quickly pointed to Tesla, it was shortly thereafter revealed that the driver of the vehicle was in fact watching a Harry Potter movie when he collided with a big rig (which neither he for obvious reasons nor the Model S’ forward-looking cameras managed to notice). Now it’s being reported that Autopilot was enabled in... Read more...
Tesla can’t seem to catch a break. On Sunday the company revealed that it had only delivered 14,370 out of the promised 17,000 cars for the second quarter of 2016. Tesla was simply unable to ship out all of the cars in time. The company remarked:Due to the extreme production ramp in Q2 and the high mix of customer-ordered vehicles still on trucks and ships at the end of the quarter, Tesla Q2 deliveries were lower than anticipated...In total, 5,150 customer-ordered vehicles were still in transit at the end of the quarter and will be delivered in early Q3Last quarter, Tesla did not have enough... Read more...
Just a day after it was reported that a man was killed in a tragic accident involving a Tesla Motors Model S electric vehicle, more details surrounding the circumstances of the incident are coming to light. As Tesla has stated repeatedly when it comes to using Autopilot, it’s the responsibility of the driver to maintain control of the vehicle at all times. Eyewitness reports and police officials that were on the scene immediately after the crash have added some much needed clarity. Frank Baressi, the driver of the truck that Joshua Brown's Model S crashed into, said that a Harry Potter movie... Read more...
We have some rather tragic news to report in the world of autonomous driving. Via a blog posting on its site, Tesla Motors reported that the National Highway Transportation Safety Administration (NHTSA) has opened a preliminary investigation into the company after a fatal crash involving a Model S EV that was operating semi-autonomously via Autopilot. According to reports from the Levy County Journal and from Tesla itself, the vehicle was traveling along a divided highway when a tractor trailer that was initially traveling in the opposite direction made a left turn perpendicularly in front of it.... Read more...
From a technological standpoint, the Tesla Motors Model X is an amazing vehicle. The crossover impresses with its all-electric all-wheel-drive drivetrain, neck-snapping Ludicrous Mode and crowd pleasing Falcon Wing rear doors. However, it’s that last feature that has brought the most negative attention to the vehicle. The Falcon Wing doors have been problematic, often malfunctioning or not operating at all. Despite the fact that the Model X was delayed multiple times — in part due to the issues with the rear doors — Barret Lyon filed a lawsuit against Tesla for allegedly rushing the vehicle into... Read more...
Just when you thought that Tesla Motors (and SpaceX) CEO Elon Musk already had enough on his plate, it looks as though he’s found a way to shove on another spoonful of alternative energy goodness. SolarCity, a company that Musk actually co-founded and still sits on the board for, was downgraded yesterday to underweight, which sent its shares tumbling 20 percent. Seeing a prime opportunity to strike while the iron’s hot, Tesla Motors has offered to acquire the company in a stock-swap deal that would place a 21 to 30 percent premium on SolarCity’s closing price. That would place the transaction value... Read more...
Tesla might be the first name you think of when the topic of electric vehicles comes up, but being popular doesn't always guarantee victory. Case in point, German automaker BMW beat Tesla by winning a contract to supply the Los Angeles Police Department (LAPD) with a flee of electric cars for its community outreach program and other police business.The LAPD will lease 100 of BMW's all-electric i3 vehicles, which effectively doubles the number of electric cars that are collectively in use by different departments in the city. None of these are used for patrol or for hot pursuit—those activities... Read more...
When Tesla Motors CEO Elon Musk lifted the veil on the Model 3, customers quickly emptied their wallets to get their place in line to purchase the $35,000 electric vehicle (EV). After all, it’s hard to argue with a sleek-looking [green] vehicle that seats five, can hit 60 mph in under six seconds, can travel over 215 miles on a charge and costs under $30,000 after federal tax incentives are accounted for (even lower in Colorado). But Musk was a bit coy about Supercharging support for the Model 3. Model S and Model X owners have free access to Tesla’s nationwide charging network, and it was initially... Read more...
It looks as though the state of Colorado is welcoming electric vehicles (EVs) with open arms. The state just took the wraps off what it is likely the country’s best state-based incentive with respect to EVs: a tax credit that is worth a whopping $5,000 [PDF]. Unlike previous EV tax credits from the state, which relied on often complicated calculations based on battery size, this is a flat tax applicable to all light-duty EVs. Georgia’s EV credit also used to top out at $5,000, but it was discontinued as of July 1st 2015. What makes Colorado’s incentive even more attractive is that the $5,000 can... Read more...
When automobile accidents happen, the first thing anyone wants to do is assign blame. Who was driving? Who was texting instead of paying attention to the road? Who was speeding and blew through a stoplight? But how do you assess blame if no one was in the driver’s seat at the time of the accident? Well, for one Model S owner, he is laying the blame at the feet of Tesla Motors for an accident involving his pricey EV and a parked trailer. Jared Overton claims that on April 29th, he parked his Model S on the side of the road and ran some errands. He just so happened to be parked behind a trailer,... Read more...
Teslas are pretty darn adept at pulling into and out of tight parking spaces and garages all own their own through a feature called Summon, but what's really cool is combining the auto-park function with Amazon's smart Echo speaker. That's exactly what developer and cloud connected platforms advocate Jason Goecke did over the weekend. As a result of Goecke's "fun weekend project," he can now ask Alexa to pull his Tesla Model S out of or into his garage. To make the magic happen, he concocted an awesomesauce recipe consisting of smart technologies, cloud tools, and good old fashioned programming,... Read more...
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