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   Technology StocksTesla EVs - TSLA


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From: Eric11/12/2019 9:41:22 AM
2 Recommendations   of 14080
 
Investor's Corner

The Tesla Model 3 is replacing BMW as the US’ ‘Ultimate Driving Machine’



(Credit: Tesla)



By Simon Alvarez
Posted on November 12, 2019


German-made automobiles have established their reputation for their excellence in selected segments. While Mercedes-Benz prides itself on building its vehicles for comfort and class, BMW prides itself on its cars’ driving performance. This is the reason behind BMW and its “Ultimate Driving Machine” moniker. Yet, in the electric age, there seems to be a single car that is steadily hacking into BMW since it was unveiled — the Tesla Model 3.

Bloomberg recently released the fourth part of its Model 3 survey, which aggregated data from 5,000 Tesla owners about their experiences and insights about the all-electric sedan. This time around, the publication focused on the Model 3’s effect on the market. And based on the results of its study, it appears that the Model 3 is now taking away customers from legacy automakers, including those who previously only had more affordable vehicles, as well as those that prioritize performance above all else.




(Credit: Bloomberg)

Data gathered by the publication showed that the BMW 3 Series was among the most popular cars that were traded in by owners who bought a Model 3. The BMW 3 Series joins other, more affordable vehicles like the Toyota Prius, the Honda Accord, and the Toyota Camry, as some of the top vehicles that have been traded-in for the all-electric vehicle. This means that customers are making a stretch to acquire the Model 3, and BMW 3 Series owners are likely coming over to Tesla due to driving performance.

This was mentioned by some respondents in Bloomberg‘s study. “I’ve owned three BMW 3 Series and was a diehard BMW fan. The Tesla blows those cars away,” one respondent noted.

It could be said that BMW is the veteran carmaker that is most vulnerable to the assault of the Tesla Model 3. Other carmakers whose vehicles are being traded-in frequently for Tesla’s midsize sedan such as Toyota have an extremely large presence in the United States. Thus, even if the Prius and the Corolla and the Camry take hits due to the Model 3, the company still has a healthy market share in America. This is not the case with BMW.


(Credit: Bloomberg)

With this in mind, BMW stands to lose far more than automakers like Toyota due to the Model 3’s advance. Couple this with benchmarking tests against the Model 3 such as those conducted by BBC‘s Top Gear, which concluded that “Electric Beats Petrol! Tesla Model 3 Outguns BMW M3” after the EV beat the petrol-powered car by 2 seconds at the Thunderhill Raceway Park in California, and the German automaker might very well find itself on dire straits soon. This was reflected in Bloomberg‘s study, which listed BMW as the most vulnerable brand against Tesla.

There are many things about the Model 3 that its owners love, but one former BMW X5 owner provided some deeper insight to the publication. According to the former BMW owner, Tesla’s consistent software updates make her vehicle feel brand new all the time, and it is simply something that is not matched by any other carmaker today.

“One of the things I absolutely adore about the Model 3 is that I feel like I get a new car about every 12 weeks. I have so many features now that I didn’t have when I bought the car a year ago. Normally, at about a year, year-and-a-half of ownership I’m already scouting out the freeways for what looks good, and I find that I don’t do that with the Model 3,” the Model 3 owner said.

The fourth part of Bloomberg‘s Model 3 survey could be accessed here.

teslarati.com

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From: Eric11/12/2019 12:06:20 PM
   of 14080
 
Teslas = 77.7% of US Electric Vehicle Sales

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  • The US electric vehicle market is … not the most interesting. Unfortunately, we have only one mass-market electric vehicle on the market, and there are very few models available across the nation. Actually, aside from Tesla’s offerings, I think there are only two fully electric models available at dealers in all 50 states — the Chevy Bolt and Nissan LEAF. I’ll discuss them a bit more later in this article in order to try to explain why their sales are so dismal despite that wide availability. A note on data first, though:

    Deciding whether or not to run these monthly US EV sales reports is a frequent conundrum, since the official data is limited (many automakers don’t publish monthly numbers, if at all) but the reports can also be quite popular and do help to put the US EV market into perspective on an ongoing basis. I decided not that long ago to discontinue the monthly reports and only publish quarterly reports, but our friends at EV Volumes just offered to provide us with their US Tesla estimates to help out with these reports and I decided that was enough to get back into the game. I track official numbers from other automakers on a monthly basis anyway.

    That said, we don’t have official monthly data for the following models, so the data I use for them are estimated guesses based on historical sales data: Chevy Bolt, Fiat 500e, Honda Clarity EV, Hyundai Ioniq EV, Hyundai Kona EV, Kia Niro EV, and Jaguar I-PACE. Also, note that this report does not include plug-in hybrids, in part because we cannot get sales numbers for most plug-in hybrids and in part because we think it’s time (the technology is ripe) to evolve past “electrified” models to fully electric models.

    With all of that out of the way, on to the numbers. Based on all of our number crunching, the Tesla Model 3 accounted for 59% of US electric vehicle sales in October and 62% in the year through October.




    Tesla as a whole accounted for 75% of US EV sales in October and 78% (77.7%) in January–October.

    That doesn’t leave many sales highlights from other models. The Chevy Bolt comes in with 10% of sales, the Nissan LEAF 6%, the Volkswagen e-Golf 4%, and the Audi e-tron 3% in October. For the first 10 months of the year, the Bolt accounted for about 7% of sales, the LEAF 5%, and the e-Golf and e-tron 2% each.




    The Bolt and LEAF both have long range, good tech, and are available across the country. They are solid electric cars that I think do outcompete other cars available for under $30,000. However, they suffer from several challenges:
    • They are close in price to the base Tesla Model 3, and many EV buyers heavily prefer the Model 3.
    • The MSRP of these cars is often notably higher than the MSRP of similarly styled gasoline cars from those companies. (Consumers may not think to do a total cost of ownership analysis, or may not have the ability to get financing for this price of car at all.)
    • Auto dealers generally don’t want to sells EVs, and often just have a show model or two tucked away in the shadows somewhere.
    • Nissan and Chevy have been marketing their goods, but they don’t have nearly the customers enthusiasm or fan base that Tesla vehicles have, and the marketing has been minimal compared to other models in their fleets.
    • Limited availability might be a problem from time to time.



    If more consumers find out about the total cost of ownership benefits of a Bolt or LEAF, and notice attractive local-dealer discounts while remembering these models still benefit from the US federal tax credit, you could see a consumer sprint to get more of these models before year-end. Or not.

    On the top of the market, since the Tesla Model 3, objectively, is a better vehicle in many key ways than other gasoline vehicles in the $35,000–67,000 price range, we expect sales to continue to be sky high indefinitely. We don’t even see a genuine competitor anywhere on the horizon, unless you count the Model 3’s coming crossover sibling, the Model Y.

    cleantechnica.com

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    To: kidl who wrote (12389)11/12/2019 12:21:45 PM
    From: semi_infinite
       of 14080
     
    Ok. LOL.

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    From: Eric11/12/2019 12:45:24 PM
    1 Recommendation   of 14080
     
    News

    Former Daimler CEO praises Tesla, but says Germans remain permanently ahead






    By Simon Alvarez
    Posted on November 7, 2019


    Former Daimler CEO Dieter Zetsche recently shared his thoughts on the electric car revolution and the part played by American electric car maker Tesla. Speaking with Handelsblatt, the former Daimler executive discussed what he believes are Elon Musk’s strengths, Tesla’s accomplishments, and why German automakers will always be ahead.

    Now retired and without commitments to a specific automaker, Zetsche freely praised Elon Musk, stating that he adores the daring Tesla CEO. Part of this is due to Musk’s initiatives, which are centered on pushing humanity forward. “Elon has a mission, he wants to solve the problems of humanity,” he said, adding that the American electric car maker has done a great service to electromobility with its “absurdly quick” EVs.

    That being said, the former Daimler CEO noted that he still has reservations about Tesla and its future. Tesla has gone all-in on battery technology, and it has pursued massive projects such as Gigafactory 1 in Nevada to secure it. Zetsche noted that he believes it’s wrong to rely on a single type of technology, especially as batteries themselves are already changing very quickly.

    Thus, despite his admiration for Elon Musk, Zetsche believes that established automakers will be permanently ahead. Volkswagen, BMW, and Daimler are all making big moves on electromobility. Daimler, for one, is looking to transition half of Mercedes-Benz’s vehicles to electric by 2030, and the company intends to abandon further internal combustion engine developments.

    To set the record straight, the ex-CEO stated that fuel cell vehicles that are powered with hydrogen might be futile, particularly as they lack the necessary infrastructure that would allow long trips. This is something that is being addressed by the Tesla Supercharger Network and other systems such as IONITY, which provide rapid-charging services for EVs.

    Inasmuch as the former CEO’s statements come from a place of authority considering his vast experience in the auto sector, Zetsche appears to have missed the fact that Tesla is already in the process of future-proofing its battery technology. Apart from constant improvements that are implemented on its battery cells at Gigafactory 1, Tesla also appears to be well into the development of its next-generation batteries, as evidenced by its recent acquisition of companies such as Maxwell Technologies.

    Daimler has already started its moves towards electromobility, with the company releasing the all-electric EQC under its Mercedes-Benz brand. While the vehicle has been well-received by reviewers, Daimler has hit some challenges with the vehicle. The company has recalled a number of its EQC units due to a fault that could cause the all-electric SUV to stall, or worse, affect the capability of the vehicle to be controlled, leading to a heightened risk of a crash.

    teslarati.com

    My comments:

    Well I guess I'll let him be "permanently ahead" with ICE polluting vehicles.

    Soon heading rapidly to the "dustbin of history".

    Eric

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    From: Eric11/12/2019 12:47:46 PM
    1 Recommendation   of 14080
     
    3 Tesla Powerwalls + SunPower Solar = 33 Days “Off Grid” — CleanTechnica Interview

    cleantechnica.com

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    To: Eric who wrote (12394)11/12/2019 1:05:04 PM
    From: semi_infinite
       of 14080
     
    I don't get the legacy auto execs when they say Tesla is committed to a certain battery technology because of Gigafactory X. Seems to me that they are just large spaces with flexibility. Why would Tesla be stuck at all with any specific battery chemistry or process?

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    To: Eric who wrote (12394)11/12/2019 1:13:36 PM
    From: kidl
       of 14080
     
    My comments:

    Well I guess I'll let him be "permanently ahead" with ICE polluting vehicles.

    Soon heading rapidly to the "dustbin of history".

    Eric
    You seem to be one of these people who believe that repeating the same thing over and over again will make it so.

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    To: kidl who wrote (12397)11/12/2019 1:23:56 PM
    From: Eric
    2 Recommendations   of 14080
     
    Well,

    all you have to do is look at what's happening in Norway to give you a hint of the massive change that has already begun in the world.

    Over 50% of their new car sales are electric.

    And the trend is accelerating.

    They pay a lot less for electrons than petrol!

    Most of my relatives there now drive pure electric.

    I don't have a petrol bill.

    No emissions or pollution, just the Sun providing photons converted directly to electrons....

    Wind and solar kill coal and nuclear on costs, says latest Lazard report

    Message 32412665

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    To: kidl who wrote (12397)11/12/2019 1:26:33 PM
    From: Road Walker
       of 14080
     
    You seem to be one of these people who believe that repeating the same thing over and over again will make it so.

    I agree, so I guess I’m one of “these people” also. Everyone who disagrees; I guess it’s personal kidl.

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    From: Eric11/12/2019 2:31:36 PM
    1 Recommendation   of 14080
     
    News

    Tesla Model 3 supplier receives massive order for Model Y parts: report



    (Credit: mrleetesla/Twitter)




    By Simon Alvarez
    Posted on November 12, 2019


    Recent reports have suggested that German car spare parts manufacturer ElringKlinger AG has received a massive order of parts for the highly-anticipated Tesla Model Y. The latest order bodes well for the parts manufacturer, as it proves that its components remain viable and competitive even as the auto industry transitions to electric.

    The electric car parts order was shared by German motoring publication Automobilwoche, which observed that despite ElringKlinger not mentioning the Tesla Model Y, the company did note that the parts will be for a “leading American electric vehicle manufacturer.” Tesla is pretty much the only company that fits that bill in the United States today.

    Details for the parts order are relatively few, though ElringKlinger has stated that the volume is in the “mid-to-high double-digit millions.” In a statement to the publication, CEO Stefan Wolf stated that the order represents a step forward in ElringKlinger’s efforts at remaining a formidable parts supplier in the age of electromobility.

    “This follow-up order underlines just how advantageous our lightweight components are for electric vehicles. It represents a further step in the successful implementation of our strategy of achieving more than a quarter of our revenue in the next decade with the future fields of structural lightweight construction and electromobility,” the CEO said.

    The mass production of the electric vehicle parts, described by Automobilwoche as a “cockpit crossbeam,” is expected to begin at the German supplier’s Fremont, CA factory next year. Considering that ElringKlinger is already producing the part for the Tesla Model 3, the new order seems to suggest that the components are intended to be used in the Tesla Model Y crossover.

    The recent reports from ElringKlinger bode well for Tesla’s upcoming Model Y ramp. If Tesla is indeed placing massive orders for the upcoming vehicle’s parts, it would suggest that the company is looking to start its Model Y ramp at levels that far exceed that of the Model 3. This would be a pretty big bet for Tesla, though it is one that CEO Elon Musk appears to be willing to take. Musk, after all, has high expectations for the Model Y, stating during the Q3 2019 earnings call that the vehicle will likely outsell the Model 3, Model S, and Model X combined.

    The Tesla Model Y was initially announced with a Fall 2020 delivery date, which was notably more tempered and conservative than the company or CEO Elon Musk’s usual aggressive timetables. This date has since been adjusted, with the company stating that Model Y may be launched as early as Summer 2020.

    teslarati.com

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