|From: Eric||11/27/2020 8:50:17 AM|
| News |
Tesla ship arrives in Europe with China-made Model 3 exports
(Credit: Morten Grove)
By Maria Merano
Posted on November 26, 2020
Toscana, the ship carrying Giga Shanghai’s Europe-bound Model 3 vehicles, has finally arrived in Zeebrugge, Belgium. The Tesla ship carried about half of the 7,000 Made-in-China Model 3s that Giga Shanghai exported to Europe late last month.
Tesla ship tracker Morten Grove reported Toscana’s arrival at Zeebrugge. “Toscana the first ever Tesla-Ship from China has arrived in Zeebrugge with MIC Model 3 SR+ onboard for Europe,” he tweeted. Grove also noted that Toscana made port next to Grand Aurora, a ship that carried refresh Model 3s from Tesla’s Fremont Factory in the United States....
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|From: Sr K||11/27/2020 2:29:25 PM|
|11:42 AM Barron's|
Tesla stock is up about 46% since the S&P index committee said it would add Tesla to the S&P 500 on Dec. 21. Traders have bid up shares in anticipation of the tens of billions of dollars worth of Tesla stock index funds will be buying on or around that date.
Investors and traders have been following the S&P indexation ever since Tesla reported a second-quarter profit, which qualified the company for inclusion.
Barron's panned an idea that Tesla stock could rise 60% on S&P inclusion like Yahoo!'s entry back in 1999. It feels shocking, but Tesla stock actually might pull a Yahoo!
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|From: Ms. Baby Boomer||11/28/2020 6:01:27 PM|
|Tesla: Recalls more than 9,500 Model X|
and Model Y units due to possible roof
The American company announced the recall of approximately 9,500 Model X and Model Y cars due to some
problems with loose bolts and crown molding that could separate while in motion.
According to the National Highway Traffic Safety Administration , the larger of the two recalls affects 9,136 2016 Model X vehicles.
For this reason, the electric vehicle company will retire 9,136 Model X cars manufactured between 2015 and 2016 , in the same way it details that the roof application could be placed without the required fixation. That said, the NHTSA said that the cosmetic piece of the front roof and spine of the vehicle could have been installed without using the primer, so it could be removed when it is in motion.
According to Reuters , the electric car maker said in documents sent to NHTSA that it would investigate the cause and frequency of the situation. In case the cosmetics were to fly out of the car while in motion, since it could cause damage to drivers behind the car.
The manufacturer plans to remove the vehicles and put them to the test, in case these tests fail Tesla mentioned that it will apply the primer to correct the problem.
The second batch of recall is from Model Y 401 vehicles, targeting the loose bolts in the car's upper control arm and steering knuckle. The NHTSA noted that it could cause the arm part to separate from the knuckle.
Tesla clarified that it intends to recall those vehicles for testing, apart from replacing defective parts for free.
In the previous week, a video emerged on Chinese social networks in which it can be seen that the roof of a Tesla "Model S" separates in the middle of a road, but the exact place of the events is unknown.
Faced with this situation, the company in its Weibo account, clarified that the roof of that car had been replaced in a third-party mechanical service and that the case is being investigated....
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|From: Sr K||11/29/2020 12:19:44 AM|
Tesla’s Delayed Semi Truck Tests Elon Musk’s Ability to Scale Up
Silicon Valley car maker set bar higher after the pandemic hardly dented growth plans
Tesla’s Semi electric truck will test whether the company can break into a new industry where Elon Musk’s star power has less pull among buyers.PHOTO: ALEXANDRIA SAGE/REUTERS
Nov. 28, 2020 8:00 am ET
Elon Musk defied the challenges of the coronavirus pandemic to help Tesla Inc. TSLA 2.05% deliver a wildly successful year. For 2021, the chief executive is setting expectations even higher and has the long-haul trucking industry in his sights.
Having demonstrated that consumers will enthusiastically buy electric cars, Mr. Musk now wants to show the trucking industry—a risk-averse and thin-margin business with little patience for Silicon-Valley hype—will embrace a battery-powered vehicle.
The Tesla semitrailer truck is part of a flurry of vehicle-production activity Mr. Musk has planned for 2021. Those plans include a new electric pickup truck, factories in Berlin and Texas starting up, and higher output at the company’s Shanghai plant. Tesla is aiming to produce at least 68% more vehicles across its inventory next year, Mr. Musk has suggested, from the 500,000 car deliveries the company targets in 2020.
Investors have a lot riding on Tesla’s new projects going smoothly. The company’s stock has more than quintupled since the start of the year, buoyed by five sequential quarterly profits that put it on track for its first-ever full-year in the black. The stock trades at more than 16 times annual sales, far more than its peer auto makers, and is poised to be added to the S&P 500 index in December.
Investors and big auto makers are pouring money into electric-vehicle startups in a search for the next Tesla, with the hopes of cashing in. One company is drawing more scrutiny than most. WSJ explains. Illustration: Jacob Reynolds/WSJ
The Semi, to be built at Tesla’s Austin, Texas, factory, and due to customers starting next year, will be a new challenge for the Silicon Valley electric-car maker. It will test how far Tesla has come with battery improvements it teased in September, how far it can push its manufacturing capabilities and whether the company can break into a new industry where Mr. Musk’s star power has less pull among buyers primarily concerned about price and practicality.
“In general there is still fairly deep skepticism in the trucking industry of whether the technology actually works,” said Morgan Stanley transportation analyst Ravi Shanker.
Controversy around electric-truck company Nikola Corp. may also raise questions about the nascent industry. The company is under investigation by the Justice Department and Securities and Exchange Commission after a short seller accused it of overstating the development of its technology.
When Tesla unveiled the Semi in 2017, it promised the truck would be in customer hands in 2019 and selling 100,000 trucks a year starting in 2022. Mr. Musk touted the product with his characteristic enthusiasm, saying on Twitter: “This will blow your mind clear out of your skull and into an alternate dimension.”
Yet the Semi features around five times more battery cells than Tesla’s passenger cars, which Mr. Musk has said constrained his progress on the trucks. Some observers say such delays are evidence of Mr. Musk’s tendency to overpromise and under deliver. In the past, Mr. Musk has denied that he sets unrealistic goals.
The Tesla Semi, due to customers starting next year, features around five times more battery cells than Tesla’s passenger cars.PHOTO: TESLA/REUTERS
The Semi project is run by Jerome Guillen, a longtime transportation executive who joined Tesla in 2010. Tesla, Mr. Guillen and Mr. Musk didn’t respond to requests for comment.
The two-year delay works in Tesla’s favor, to an extent. Electric vehicles have gained popularity as companies contend with new regulations and financial incentives to limit their emissions, and consumer pressure to reduce their carbon footprint.
“You are going to see fleet owners testing the waters,” said Alan Amici, vice president and chief technology officer of transportation solutions at TE Connectivity Ltd. , a technology company that supplies the auto industry and others.
Around 50 large shippers, carriers and retailers have reserved Tesla semis, based on statements from the companies and media reports, including Walmart Inc., United Parcel Service Inc., PepsiCo Inc and Anheuser-Busch InBev SA . Most of the orders represent a fraction of their respective fleets.
President-elect Joe Biden, a supporter of clean energy, said he plans to encourage electric vehicle adoption and toughen fuel-economy regulations. In September, California Gov. Gavin Newsom ordered that, “where feasible,” heavy-duty vehicles operating in the state must be zero-emission by 2045.
The interior of the Tesla Semi.PHOTO: EPA/SHUTTERSTOCK
“Any truck going out of the ports of Long Beach or L.A. will have a gun to its head that it has to move over to cleaner energy,” said Jeff Osborne, an equity analyst at Cowen & Co.
Truck demand is up amid a surge in e-commerce orders amid the coronavirus pandemic. To satisfy their immediate needs, companies have been buying up diesel-powered trucks, with North American sales in October up 83% over last year, according to freight transportation research firm FTR. The purchases mean some fleet owners will put off truck renewals another five to 10 years, so Tesla may have to wait for a shot at winning that business.
Truckers also are driving their cabs farther, logging on average about 20% more miles weekly in November than in April, according to data from trucking technology startup KeepTruckin. Tesla has yet to prove the Semi can handle 500-mile hauling with rough weather or steep terrain. Diesel trucks typically can go about 1,600 miles before refueling and can top-up at stations at every major freeway exit. Battery charging stations are still sparse.
Tesla is putting Semi prototypes through its paces by moving its cars between the battery factory in Nevada and its plant in Fremont, Calif., using the 260-mile trip as part test run and part public relations exercise.
Tesla says its trucks will sell for $150,000 to $200,000, a price that analysts say looks more realistic since the company in September unveiled advancements that would bring the cost of batteries down by 56% and boost energy capacity to increase driving range by 54%.
Yet at $150,000, a Tesla Semi costs around 25% more than the average diesel truck. The difference could be at least partly offset by government credits. Tesla says the trucks will provide more than $200,000 in gas savings over a truck’s lifetime and fleets will recoup their investment in two years.
Cowen’s Mr. Osborne expects closer to a three-year payback, based on certain assumptions about the cost of maintenance and electricity. Companies that buy the trucks likely will also need to factor in the cost of building charging stations.
Uncertainties around the Semi didn’t deter Pride Group Enterprises, a trucking and logistics company based in Toronto and Dallas, from ordering 150. The company plans to build charging stations on property it owns in Canada and the U.S.
“Carbon footprint was definitely one of the top reasons we chose to make this decision,” said Aman Johal, vice president of operations. “We are moving freight for large food and beverage companies and all of those customers have internal sustainability goals they have to make,” he said, forecasting a broader industry shift “into the new world of electric trucks.”
Write to Heather Somerville at Heather.Somerville@wsj.com
Copyright ©2020 Dow Jones & Company, Inc. All Rights Reserved.
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|From: Eric||11/29/2020 12:12:44 PM|
| News |
The Tesla Semi’s butterfly effect will change the face of heavy-duty freight routes
Credit: /Graham Carroll
By Simon Alvarez
Posted on November 26, 2020
In a recent interview, Auke Hoekstra, a researcher at Eindhoven University of Technology and an electric vehicle expert, explained how battery-electric trucks like the Tesla Semi could end up dominating heavy-duty freight routes in regions like Europe. According to the EV expert, weight and range limitations that are usually associated with electric vehicles may very well be quite irrelevant when it comes to the real-world use of the electric long-haulers.
While addressing questions from Clean Energy Wire, Hoekstra explained that skeptics of vehicles like the Tesla Semi often take the hardest business case that a diesel truck is able to manage. An example of this is a multi-day trip with a team of two drivers who cover thousands of kilometers in one trip. The EV expert explained that while traditional diesels still hold an advantage against their battery-electric competition in this scenario, this edge disappears when one looks at the greater trucking market.
“My research in the Netherlands has revealed that 80% of trucks – even the really big rigs, the semis – travel 750 kilometers per day at the very most, and many cover far shorter distances. That’s because if you want to cover more kilometers, things become very expensive very quickly, because you have to pay overtime, etcetera. So, in general, you can’t make a driver do more than 750 kilometers per day. Therefore, this is the range you have to hit with about 80 percent of trucks.
Tesla’s matte black Semi prototype makes a rare appearance at the Kettleman City Supercharger. (Photo: James Douma)
“Additionally, almost all trucks return to base at the end of the day – which creates ideal conditions for charging. We still have this romantic idea that truckers are on the road for weeks on end, away from home. But this scenario has become relatively rare. Most truckers simply move stuff from Rotterdam port to Venlo, halfway to Germany’s Ruhr area, to take an example from home… Many truckers do this sort of trip a couple of times per day, and then return home. So, you can charge the vehicle overnight at a default location. This means you don’t have a chicken and egg problem – you can arrange for the infrastructure and for the truck at the same time,” the EV expert remarked. Interestingly enough, Elon Musk has recently remarked that Tesla is looking to release the Semi with a range that falls well within Hoekstra’s numbers. While speaking at the European Battery Conference, Musk stated that he believes it is feasible to achieve 800 kilometers of range for the Semi quite easily, and he also sees a path, over time at least, for the Class 8 truck to achieve an even more impressive 1,000 kilometers per charge. Such numbers can go a long way towards shifting the market’s perception of all-electric long-haulers and their limitations. Hoekstra, for his part, noted that such a scenario has already happened before with the original Tesla Roadster.
The Tesla Semi visits Yandell Truckaway. (Credit: Arash Malek)
“I do remember that in the car market, things really changed when the Roadster hit the market. That really changed the conversation. It changed the whole perception of electric vehicles. The conventional wisdom back then was that you can only use them on short distances in the city. And suddenly this car appeared, and everything was possible.
“Within the next couple of years, we’ll see the first Tesla semi-trucks on the road. This will have a similarly huge impact on the conversation about electric trucks. You can just point to it and say: “Look, it’s moving there, and it is doing 800 kilometers.” Suddenly, all those people who say ‘it cannot be done’ within truck companies will hear their boss replying: ‘Well, our competitor can do it – so you will have to do it, too.’” Hoekstra said.
What’s quite remarkable is that this is not even the most exciting part of the Semi’s butterfly effect on the trucking sector. If the Tesla Semi finds solid footing in the trucking market in the same way the Model 3 found a good niche among premium midsize sedan buyers, a “Tesla Effect” of sorts could happen on the trucking market. This could come in the form of other battery-electric trucks being developed for the long-haul market. This should, in turn, result in a massive innovation push from several truck makers, similar to what is happening now with companies like Tesla, Lucid, Rivian, and veterans like Ford and GM in the consumer EV segment.
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