Items tagged with Tesla

If you’re the current owner of a Tesla Model S or Model X electric vehicle (EV), consider yourself lucky. If you manage to take delivery before the end of the year, you will have also dodged a bullet — you still have free lifetime access to Tesla’s Supercharger Network. But in a rather disappointing turn of events for future Tesla owners, the global Supercharger Network will no longer be completely free to use for new EV purchases made after January 1st, 2017. Tesla is hoping to make this bitter pill a little easier to swallow by giving new buyers 400 kWh of free Supercharging credits annually.... Read more...
Tesla revolutionized the electric car industry with the breakthrough Model S, and advanced the game with the Model X. Now, thanks to its impending purchase of SolarCity, CEO Elon Musk is looking to revolutionize the residential solar panel market. The use of solar panels in residential applications is nothing new, but the large installations are can be eyesores and don’t often blend in with the design aesthetic of the home. Tesla, however, has unveiled its new textured quartz glass tiles which replace the traditional asphalt shingles used in homes. The hydrographically-printed tiles appear completely... Read more...
Tesla Motors is sitting on cloud nine this morning after posting third quarter earnings that beat out Wall Street estimates and sent its stock price up. Specifically, Tesla reported net income of $22 million, or 14 cents per share, for the third quarter ended September 30, 2016, marking the first time the company has posted a profit since the first quarter of 2013. Just a year ago, Tesla posted a loss of nearly $230 million, or $1.78 per share. However, the car maker was able to more than double revenue from then to now, collecting $2.3 billion in the Q3 along with a positive free cash flow of... Read more...
Tesla has announced updates to its autonomous driving capabilities, with the company stating that all of its new vehicles produced from this point forward have the necessary hardware for “full self-driving capability at a safety level substantially greater than that of a human driver.” This puts the scope of this system even beyond current implementations of Autopilot and is fully complaint with Level 5 autonomy. The new hardware included to help drive these capabilities includes new forward-facing radar (which can see through rain and fog) and 8 cameras that provide a full 360-degree view of the... Read more...
Tesla is running into more roadblocks with its Autopilot functionality, which is found on its Model S and Model X EVs. The use of Autopilot, which allows a vehicle to operate semi-autonomously with minimal driver interaction, has come under increasing scrutiny ever since a driver was killed on a Florida highway over the summer. Now the German government is stepping in by asking Tesla to stop using the term Autopilot. German Transport Minister Alexander Dobrindt sent the request in a letter to the American automaker on Friday. In the letter, the Federal Motor Transport Authority (KBA) stated, "In... Read more...
The share price for Tesla Motors is up nearly 3 percent today after company founder and Chief Executive Officer Elon Musk announced a mysterious product unveiling scheduled for next week. Musk didn't say what exactly Tesla has in store, only that whatever it is, it will be "unexpected by most." He also said it will be separate from a Tesla/Solar City product unveiling scheduled for October 28th. Musk's social media post leaves the field wide open for practically anything. He previously indicated that the October 28th event will feature a solar roof product developed by Tesla and SolarCity, plus... Read more...
Researchers from Keen Security Lab in China discovered and demonstrated a vulnerability in Tesla's Model S vehicles that could allow a remote hacker to fiddle with various controls, everything from opening the moon roof and adjusting the power seats to even applying the brakes. The security outfit shared its findings with Tesla, which issued an over-the-air update to plug the security hole. The researchers said they spent several months looking for vulnerabilities in Tesla's connected vehicles and were able to find several security holes. What's particularly alarming about the flaws they found... Read more...
As anyone who's ever been in a committed relationship that eventually ended can attest, breakups aren't always smooth or amicable. The same goes in the business world. Proof of that is playing out right before our very eyes as Tesla Motors and Mobileye engage the media in a game of he-said-she-said over why the two parted ways. According to Tesla, it has nothing to do with safety concerns related to the automaker's Autopilot technology, as Mobileye indicated to the press a day earlier.From Tesla's perspective, Mobileye is acting like a scorned ex-lover and ticked at the automaker's decision to... Read more...
Mobileye parted ways with Tesla not long after the first death was reported of a driver using Tesla’s Autopilot system. At the time, Mobileye didn’t exactly explain its reasoning (although it was pretty obvious) and Tesla CEO Elon Musk stated that Mobileye simply couldn’t keep up with this company’s rapid advancements in technology for its vehicles and that “our parting ways was inevitable.” This week, Mobileye chief technology officer Amnon Shashua has shed additional light on why it decided to leave Tesla at the altar. Shashua accused Tesla of “pushing the envelope in terms of safety” and that... Read more...
Tesla is in the process of upgrading its Autopilot system to better 'see' the world surrounding world and discern from potentially dangerous objects that need to be avoided and those that don't require braking. Several of the changes that will ultimately lead to a smarter Autopilot system have been introduced in version 8 of its software. Version 8 contains dozens of small refinements, though the most significant upgrade is that of more advanced signal processing that taps the onboard radar to create a picture of the outside world. This represents a major change in strategy for Tesla and its Autopilot... Read more...
Let’s face it; no one was calling the Tesla Model S P90D a slow car — especially with Ludicrous Mode engaged. The vehicle is already fast enough to slay Porsches and most Ferraris in a straight line. However, being “good” isn’t enough. Tesla wants to be the “best”. Hence, the company has finally introduced the long-rumored 100 kWh battery for both the Model S sedan and the Model X crossover. This is the largest capacity battery ever offer in a Tesla vehicle, besting the 90 kWh option that was introduced last year. When affixed to the Model S, the vehicle can accelerate from 0 to 60 mph in... Read more...
Well folks it's official, SolarCity is joining Tesla after accepting a proposed buyout offer by the latter. Tesla made a formal bid to acquire SolarCity a month ago, and the two companies have now reached an agreement to combine forces, creating what Tesla brags is the world's only vertically integrated sustainable energy company. This is an all-stock transaction with an equity value of $2.6 billion based on the 5-day volume-weighted average price of Tesla shares as of July 29, 2016. As part of the buyout agreement, SolarCity shareholders will receive 0.110 Tesla common shares for each SolarCity... Read more...
Tesla Motors is working feverishly to finish constructing its $5 billion, 3,200 acre "Gigafactory" located outside Sparks, Nevada (near Reno). It's already semi-operational with 1,000 construction workers toiling away seven days a week in two shifts. The factory, which is two years ahead of schedule, will help meet what's anticipated to be high demand for lithium-ion batteries for Tesla's not-yet-released Model 3 sedan. "We have to be ready with cell and pack production well ahead of vehicle production," JB Straubel, Tesla’s chief technical officer and co-founder, told The Wall Street Journal during... Read more...
It looks like Tesla will not be getting competition from Apple anytime soon. Apple’s rumored electric car, “Project Titan”, has reportedly been delayed until 2021 due to complications with its development. Why is the car being delayed? Well, no one really knows. Some theorize that the delay is due to the departure of Project Titan leader Steve Zadesky this past year. Others have argued that the brothers working on the project -- Brian, Kevin, and Michael Sumner -- have not finished developing the software needed to capture the tremendous amounts of data Apple cars will generate. Apple will need... Read more...
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