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Tesla Model Prices, Photos, News, Reviews and Videos | Autoblog

It's almost impossible to separate the audacious reality of Tesla, elevating the EV from an unsexy commuter appliance to a powerful and luxurious statement of success, from its indomitable founder, Elon Musk. The company, like the founder, thrives on publicity that raises the profile of the whole enterprise. The Model S was tipping point, since the earlier Roadster was a niche product, providing serious real-world range and a huge network of ultra-fast chargers; accomplishments no full-line automakers have fully rivaled to date. The Model X SUV with its novel falcon doors came next, and more recently, the Model 3. As of this writing, the Model 3 is in limited production and is experiencing some quality-control hiccups. If Model 3 production can ramp up as Musk expects, Telsa is poised to perhaps secure its future. Whatever Tesla's fate, its meteoric rise as a purveyor of fast, green American sedans and SUVs has been incredible.

Select a ModelModel 3Model SModel XModel YRoadster

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Tesla Model Prices, Photos, News, Reviews and Videos | Autoblog

Tesla is on a tear, with no end in sight. That means the naysayers’ case is in ruins. – Business Insider

At the risk of invoking a clich, I'll point out that Tesla isn't a company whose stock trades on fundamentals, but rather on a story.

Think about that. At a simple level, the fundamentals are facts, while the story is an illusion a suspension of disbelief. When I was in my 20s, I spent a lot of time on story, before I dropped out of a doctorate program in literature at NYU. Stories have plots, subplots, plot twists, complicated characters who do complicated things. Stories can turn on a dime: in the space of a page, comedy becomes tragedy. As an author, you want to take readers on a ride.

For years now, story has dominated the debate around Tesla. And some large-scale characters, ranging from CEO Elon Musk to big-name hedge-funders like Jim Chanos and David Einhorn, have populated the tale. Even the minor characters have been interesting, and the plotlines and plot twists have been endless.

But the truth is that this story something of an epic, really filled a vacuum. Established automakers such as Ford and General Motors, have less lively stories because their actual businesses are so ... busy. The fundamentals the business facts produce millions of vehicles every year.

Tesla has only recently joined that club: 2019's total sales were about 367,000, a notable move up from 2018's roughly 250,000. But just a couple of years back, the company barely sold 50,000.

Sorry, shorts. Markets Insider

The sprawling, obsessively detailed, constantly argued over Tesla story happened only because there wasn't enough production or sales to stop it. If Tesla had built a competent franchise dealer network in the US (or joined with an existing mega-dealer) rather than trying to sell vehicles direct to customers, and if Tesla had hired a seasoned contract manufacturer to build some vehicles and meet demands sooner, the story would have petered out in 2017 or 2018.

Didn't go that way, and thus we got an insane episode of Musk tweeting his way into an SEC investigation and eventual settlement, a pitched battle between the #TSLA fanboy and the #TSLAQ bankruptcy crowds, and a preoccupation with Tesla's inner-workings that resembled Cold War Kremlinology.

But look what's happened since Tesla's output of actual cars has picked up: the stock has been on a tear, blasting through $300 per share, $400 per share, and (remarkably) $500 per share in a matter of months. Tesla's market cap, at $90 billion, is nearly equal to GM's and Ford's combined.

This isn't a rally story. Tesla completely dominates the electric vehicle market and can now look forward to potential competitors having to spend, spend, and spend some more if they want to duke it out for market share. This is going to be painful because the traditional automakers won't have to break a sweat to build EVs, but they'll be forced to expend millions if not billions of dollars convincing consumers to buy them.

Tesla, meanwhile, isn't spending anything, and hasn't. That doesn't constitute a first-move advantage so much as an only-mover leg up. Electric cars were stupid risky in the past, but Tesla gobbled up that risk. Now, the reward.

Busting through three resistance levels on the stock in three months is mind-blowing. And there isn't necessarily anything on the horizon to slow Tesla down. It reports fourth-quarter and full-year 2019 earnings in late January, and they're expected to be positive. If Tesla meets or beats, look out above. The 100% return of the past three months could look like a tame precursor, as Tesla's substantial short interest is decisively flushed out of the action.

Tesla could have service issues in the future. Hannibal Hanschke / Reuters

Tesla has some looming challenges. The biggest is that as it sells more Model 3 vehicles and soon, Model Y SUVs at lower price points to less well-heeled buyers, it's going to be highly stressed on the service front. Like any relatively new automaker, Tesla's vehicles lack ironclad reliability, so the company compensates consumers with a great warranty.

But without dealerships, Tesla doesn't have a solid built-in servicing model. Poor service means often means that owners who aren't living with fleets of vehicles at home fail to buy again from a manufacturer. Up to this juncture, Tesla has been selling to patient early adopters who probably own two or three cars; now that it's moving toward single-vehicle households, it could endure some pain.

That's merely the cost of doing business, however. With shares above $500, Tesla can now effortlessly make good on its convertible debt obligations and, should it want to, raise additional capital to bolster its balance sheet. I think that would be smart, and if Tesla goes for it in 2020, the approximately $5 billion that the company has in cash could swell to $10 billion, and Tesla could start to deleverage.

This leaves Tesla's naysayers, so previously dependent on a story, with not much to use to push the stock around. The facts are the facts, the fundamentals are the fundamentals, and if you think the market for EVs could grow in the US, Europe, and China, then Tesla stock looks cheap in a world were EVs now make up just 2% of global sales.

I'll use the analogy of a predicted snowstorm to depict the naysayers' plight. The weather report is uncertain: we could get a few inches, but we could also get a blizzard. The discussion is speculative: What would we do in the worst case, assuming that it probably won't happen?

But then, the blizzard comes. And you have no choice but to surrender and dig yourself out.

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Tesla is on a tear, with no end in sight. That means the naysayers' case is in ruins. - Business Insider

Federal agency looking into Tesla driver complaints of sudden unintended acceleration – CNBC

Tesla Model 3

Source: Tesla

A division of the U.S. Department of Transportation is looking into driver complaints that Tesla electric vehicles may suddenly accelerate on their own.

CNBC has learned that an independent investor, Brian Sparks, submitted a petition to the National Highway Traffic Safety Administration and its Office of Defects Investigations asking them to look into the drivers' claims.

The petition includes a collection of 127 complaints that were either submitted to the government by Tesla owners, or others filing on their behalf. These complaints, when tallied, allege that unintended acceleration of Tesla electric vehicles may have contributed to or caused 110 crashes and 52 injuries.

Sparks said he conducted primary research and submitted the petition, which CNBC obtained, because he was moved by the personal story of Jennifer Terry. Sparks is currently shorting Tesla stock, but has hedged his bets and been long shares of Tesla in the past.

Terry was driving a new 2019 Tesla Model 3 in the summer of 2019, she says, when the vehicle's systems apparently failed and the car accelerated suddenly. She regained control of the Model 3, but was badly shaken by the incident.

She told CNBC she notified Tesla and requested an immediate service appointment, but the company offered her an appointment that was several weeks out. Just one week later, while she was waiting to have the car evaluated, the same thing happened to her again. This time, what Terry describes as sudden unintended acceleration (SUA) led to a four-car crash that injured two people. In her driver complaint to NHTSA in July 2019, Terry also said that some airbags in her vehicle failed to deploy.

Terry said on Friday that, although she has requested data and a resolution from the company, Tesla has yet to provide any diagnosis regarding what happened within her vehicle.

Sparks told CNBC, "I briefly looked on the NHTSA website to see if other Tesla drivers experienced the same. I didn't expect to see such a large number of [sudden unintended acceleration] complaints, most with similar fact patterns. That's when I decided to dig in."

NHTSA said, in a notice about the petition, that the scope of these allegations are broad and could apply to 500,000 Tesla vehicles including Model 3, Model S and Model X sedans and SUVs, made from 2013 through 2019.

Once it evaluates the contents of the petition, NHTSA -- which has the power to mandate vehicle recalls, or recalls of components and other technology in vehicles -- will decide if it should open a formal probe. If it decides not to offer a formal probe, it is expected to say why not, with an entry on a federal registry. The NHTSA investigator assigned to evaluate the petition is Ajit Alkondon.

Historically, the Department of Transportation (and NHTSA) receives myriad complaints about possible unintended acceleration incidents in a wide number of vehicles.

Both evaluated Toyota and Lexus vehicles in the 2000s to determine if defects in their electrical systems led to sudden acceleration and crashes. Many incidents that drivers ascribe to unintended acceleration, upon investigation, are found to be caused by driver errors, like pedal misapplication.

Tesla vehicles include newer technologies, such as the company's signature advanced driver assistance system, Autopilot, and "Ludicrous mode" acceleration, which allows drivers of some Model 3 variants to go from 0 to 60 mph in less than 4 seconds.

Tesla's press and investor relations teams did not respond to a request for comment.

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Federal agency looking into Tesla driver complaints of sudden unintended acceleration - CNBC

Tesla is now worth more than Ford and GMcombined – Ars Technica

Enlarge / Elon Musk celebrates the opening of a new Tesla factory in Shanghai, China.

Less than a month after Tesla's stock first rose above $400, the company's shares have now soared past $500 per share. As I write this, one share of Tesla stock is worth $516, which means the company as a whole is worth more than $93 billion.

The latest rally was sparked by a new report fromColin Rusch, an analyst at the Wall Street firm ofOppenheimer & Co. He revised his Tesla price target upward from $385 to $612. But more fundamentally, the rising stock price reflects the fact that, after a couple years of near-constant chaos, the company seems to finally be executing smoothly.

Tesla delivered 112,000 cars in the fourth quarter of 2019 and367,500 for the full year. Both were new records for the company; Tesla barely achieved its goal to deliver at least 360,000 cars for the year.

And the company is poised for continued growth. Tesla opened its new factory in China earlier this month, just a year after breaking ground on the new facility. The electric carmaker plans to build a third major car factory in Germany.

Tesla's rising stock price has put Elon Musk within striking distance of winning the first of 12 performance-based stock grants he negotiated in his 2018 compensation package. To win an award of 1 percent of the company's stockworth around $1 billionMusk must pass two milestones. First, Tesla stock must be worth more than $100 billionit's $93 billion now. Second, Tesla must hit specified targets for revenues and earningsfor example, $20 billion in annual revenue.

Tesla said in an October regulatory filing that the company has already hit this $20 billion revenue figure. That clears the way for Musk to collect his stock award if Tesla's share price rises above $553 in the coming months.

Tesla is now by far the most valuable car company in America. As I write this on Monday afternoon, Tesla's market capitalization is $93 billion, compared to $50 billion for General Motors and $37 billion for Ford. That's especially remarkable because GM sold around 20 times as many cars as Tesla in 2019, while Ford sold more than six times as many.

So what explains Tesla's astronomical stock price? You can never be sure what Wall Street is thinking, but two factors likely contribute to investor bullishness about Tesla.

One is growth. The global car market overall is pretty saturated, but many experts expect electric vehicles to be a growth market over the next decade. Governments around the world have created incentives for people to buy electric vehicles. Meanwhile, battery costs have been falling rapidly over the last decade and are expected to continue falling in the 2020s. That should mean falling electric car prices, which should expand the market for electric vehicles in the coming years.

And while most major carmakers are working on their own electric vehicles, Tesla's rivals have struggled to design vehicles that can capture the public imagination the way Tesla's cars do. The Model 3 was by far the most popular all-electric car in the United States in 2019, with substantial sales overseas as well. If Tesla can maintain its share of the electric vehicle market as the overall electric car market grows, Tesla could wind up being one of the world's leading automakers.

The other factor that could justify Tesla's high valuation is the potential for high margins.

Right now, Tesla is not an especially profitable company. But things could improve dramatically over time. Declining battery prices will improve Tesla's margins. As a young and inexperienced carmaker, Tesla may have greater room to improve the efficiency of its manufacturing.

At the same time, Tesla has something no other carmaker can match: a loyal, enthusiastic, and growing customer base.

I'm not the first person to compare Tesla to Apple, but I think the comparison makes sense. Apple only has 15 to 20 percent of the global smartphone market, well below Google's Android. But the distinctiveness of the iPhone platform combined with the loyalty of the Apple customer base means that Apple can charge a premium for the iPhone. As a result, Apple's share of smartphone industry profits is much larger than its share of unit shipments or revenue.

We don't know what the electric car marketplace will look like a decade from now. But it's not hard to imagine that marketplace evolving in a similar direction, with Tesla becoming the Apple of transportation. People will be willing to pay a few thousand dollars extra for the prestige and unique features of a Teslajust as they're willing to pay a few hundred extra dollars for an iPhone. And in the ruthlessly competitive car industry, even a small difference in price can translate into a big difference in profits.

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Tesla is now worth more than Ford and GMcombined - Ars Technica

Why Tesla [TSLA] Is On A Tear No Other Auto Company In The World Thats Growing That Quickly. – CleanTechnica

Cars

Published on January 14th, 2020 | by Johnna Crider

January 14th, 2020 by Johnna Crider

Tesla is growing like no other company in the auto industry and is pretty much on a tear. This is a good thing.In late 2019, as in four days before 2020, CNBC had Steve Westly, a former Tesla board member and a member of the Westly Group, on its Power Lunch show. They got right to the point with this question: Whats changed in 90 days?

Westley says that it is the numbers and breaks it down into four points:

1. Tesla is showing strong growth. Tesla delivered 245,000 cars in 2018 and between 360,000 and 370,000 in 2019. Theres no other auto company in the world thats growing that quickly.

2. Strong international growth in both Europe and China. In China, Tesla built the Gigafactory 3 in 11 months and is delivering vehicles today already.

3. Tesla is bringing new products to the market all the time. The Model Y will be coming out this summer, Westley says, ahead of plan. The Model Y will be followed by the Tesla Semi and the Cybertruck. Tesla is bringing products to the market faster than anyone else. (Editors note: That claim isnt exactly correct. Some other automakers are rolling out more new BEV models in the coming year. However, perhaps if you assume a reference to mass-market models this is correct. Perhaps.)

4. Tesla is profitable. It was profitable in Q2 and Q3 of 2019. Westly said he thinks that it will be profitable in Q4. Note that just a few months ago many critics said that Tesla was never going to be profitable.

The simple fact is he knows how to create great products and hes bringing them to market faster than anyone else. Steve Westly on Elon Musk

Elon Musk was brought up as a fifth reason that Tesla is doing so great. One of the hosts said that people invested in Elon and when he misbehaved on Twitter and got himself into trouble the stock started not doing so well, but when he started behaving it seemed to do better. Westly replied by saying that Elon Musk is a lot like Steve Jobs and Thomas Edison they never played by the rules.

Westly predicts that for the next 1218 months Tesla is looking pretty strong.

Follow CleanTechnica on Google News.It will make you happy & help you live in peace for the rest of your life.

Tags: Steve Westly, Tesla, Tesla financials, Tesla Model 3, Tesla Model Y, Tesla profit, Tesla sales, Tesla stock

Johnna Crider Johnna Crider is a Baton Rouge artist, gem and mineral collector, and Tesla shareholder who believes in Elon Musk and Tesla. Elon Musk advised her in 2018 to Believe in Good.Tesla is one of many good things to believe in. You can find Johnna on Twitter

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Why Tesla [TSLA] Is On A Tear No Other Auto Company In The World Thats Growing That Quickly. - CleanTechnica

Tesla Driver Loses Control, Hits and Critically Injures Teen Girl in Long Beach – NBC Southern California

A teenager was injured and in critical condition after a Tesla driver appeared to lose control of her vehicle and strike the pedestrian before crashing at a gas station Saturday in Long Beach, police said.

The crash occurred around 11:25 a.m. near the intersection of Alamitos Avenue and East Broadway, according to the Long Beach Police Department.

The driver of the Tesla lost control of her vehicle and hit the teenage girl, who was taken to the hospital in critical condition, the LBPD said. Witnesses said that the woman had just had her car detailed at a shop across the street, police said.

Local news from across Southern California

The car went through a flower bed, hit the teenager and then crashed into another car at a gas station, Long Beach police said.

The driver was also taken to the hospital in stable condition, police said.

Impairment did not appear to be a factor and it was not immediately clear what caused the incident, police said.

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Tesla Driver Loses Control, Hits and Critically Injures Teen Girl in Long Beach - NBC Southern California

Tesla & EV Fans: The Perfect Reason You Should Be ‘Going To Miami’ – InsideEVs

EDITOR'S NOTE:This article comes to us courtesy ofEVANNEX, which makes and sells aftermarket Tesla accessories. The opinions expressed therein are not necessarily our own at InsideEVs, nor have we been paid byEVANNEXto publish these articles. We find the company's perspective as an aftermarket supplier of Tesla accessories interesting and are happy to share its content free of charge. Enjoy!

Posted onJanuary 18, 2020byMatt Pressman

Anticipation is growing for the largest Tesla and EV-related eventeveron the East Coast.By reinventing the "Cars and Coffee" meet-ups popular across the country, Miami will play host to the first-everEVs and Teagathering.InsideEVs,MyEV.com, andEVANNEXhave joined forcesto bring something new, big, and excitingto electric car enthusiasts and owners.

EVs and Teais also proud to have non-profit groupPlug In Americaas a partner on the event.It will be heldwithin Miamis hottest new green event space,BASECAMP, featuring one of themost spectacular Tesla car showseverpresentedbySignature Custom Wraps a Ft. Lauderdale shopfamous for restyling and modding carswithin the Tesla community.

BASECAMP's stunning design was partiallyinspired by the Burning Man Festival. The Miami venue is located inside theMagic City Innovation Districtin Little Haiti. There'll befood trucks from world-renowned chefs like Todd English, a juice and alcohol bar, 'Gramophone' DJ stage, Bedouin-themed tent, and interactive art installations.And one art project beingunveiled at the event has everyone buzzing a large-scale Cybertruck model.

This one-of-a-kindCybertruck model has been quietly underwraps atEVANNEXand should provideattendees with a good feel for Tesla's controversial and disruptive truck. In addition to their Cybertruck display,attendees can participate ina special raffle, check out newTesla accessories, and receive gift bags at the event.

Panels and meet-and-greets withhigh-profile members of the Tesla community are scheduled as well. Driving down from Canada, Trevor Page fromTesla Owners Onlinewill be a guest star for thethird year in a row except on a far bigger stage this year.With Trevor's activeforum, almost60,000 subscribers onYouTubeandover50,000 followers onTwitter word is spreading quickly aboutEVs and Teaallover the world.

Other YouTube personalities will also be in attendance including Kyle Connor (Out of Spec Motoring), Michael Bodner (Teslatunity), and Rafael Santoni (TesLatino).SantonirunsTesla Club South Floridawhich is lending its support. Also, special thanks to Larry Chanin ofTesla Club Florida(and all the club's members) who'll be integralto thisexcitinginaugural event.

Others are flying in for the event.Anuarbek Imanbaev, known for his contribution inhelping to bring Tesla to Kazakstananda host of theTesla Geekspodcast, will be flying in from Austin.The otherhost of Tesla Geeks,Eli Burton, will be flying infrom Sacramento. Burton is also President ofMy Tesla Adventureand creator of theAdventures of Starmancomic book series. In addition, attendees will have an opportunity to meet thereal-life Starmandressed up in his signature spacesuit!

Another Californian we'rethrilled to welcome to Miami isMarty Morisse, President ofTesla Club-SoCalandfamous for her Tesla-inspired music video. In addition, we're proud that Tesla will officially beattendingand showcasingtheir complete vehicle line-up.Other automakersare alsoplanning to attend includingAudi (with its e-tron), Jaguar (with its I-PACE), Chevrolet (with its Bolt), and Nissan (with its LEAF). Some othersurprisesare expected as well.

To learn more and RSVP, be sure to visit:evsandtea.com.

EDITOR'S NOTE:This article comes to us courtesy ofEVANNEX, which makes and sells aftermarket Tesla accessories. The opinions expressed therein are not necessarily our own at InsideEVs, nor have we been paid byEVANNEXto publish these articles. We find the company's perspective as an aftermarket supplier of Tesla accessories interesting and are happy to share its content free of charge. Enjoy!

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Tesla & EV Fans: The Perfect Reason You Should Be 'Going To Miami' - InsideEVs

Bulls And Bears Of The Week: IBM, Microsoft, Tesla And More – Yahoo Finance

Benzinga has examined the prospects for many investor favorite stocks over the past week.

Bullish calls included a software leader and a discount airline.

Bearish calls included an electric vehicle giant and a cult food stock.

The major U.S. indexes end last week with marginal gains again, led by the Nasdaq's nearly 2% increase. A new earnings season kicked off with mixed results from the big banks, and the week saw the phase-one trade deal with China signed as well. Also, the next phase of presidential impeachment process has begun.

Benzinga continues to examine the prospects for many of the stocks most popular with investors. The followingare just a few of this past week's most bullish and bearish posts that are worth another look.

Several large options traders were mostly bullish on Microsoft Corporation (NASDAQ: MSFT) this past week, according to Wayne Duggan's "Microsoft Sees Bullish Option Activity As Stock Hits New All-Time High." How much more upside is there?

"Morgan Stanley Names Occidental Petroleum A Top Pick For 2020" by Priya Nigam points out that Occidental Petroleum Corporation (NYSE: OXY) could maintain a best-in-class dividend yield, among other things.

Tyree Gorges's "5 Reasons To Invest In Spirit Airlines Stock" takes a look at why two analysts are so bullish on ultra-low-cost carrier Spirit Airlines Incorporated (NYSE: SAVE) ahead of its fourth-quarter report,due in early February.

In Shanthi Rexaline's "Wells Fargo Sees 30% Upside In Pinterest Shares, Says 'Fundamentals Remain On Solid Footing'," see some ongoing catalysts for Pinterest Inc (NYSE: PINS).

For additional bullish calls, also have a look at "Pro Investor Says Luckin Coffee More Than Just A Popular Coffee Brand" and "Cord Cutters Haven't Killed The Cable Industry It's Bringing Them Their Broadband."

Bears

In "Tesla B Valuation: Does A Great Product Equate To A Great Stock?" Tom Meilleur asks whether Tesla Inc (NASDAQ: TSLA) has such a strong competitive advantage as to merit its valuation premium.

Priya Nigam's "Morgan Stanley Downgrades IBM, Says Revenue Growth Slowing" discusses why even with synergies from the Red Hat acquisition, long-term revenue growth at IBM (NYSE: IBM) is now less likely.

"Wells Fargo Analyst Says Beyond Meat's Stock Has Downside To " by Jayson Derrick examines why Beyond Meat Inc (NYSE: BYND) shares could retreat more than 30%, according to one top analyst.

NVIDIA Corporation (NASDAQ: NVDA) is not a compelling buying opportunity. So says "Nvidia Analyst Says Chipmaker Lacks Earnings Potential To Justify Lofty Valuation" by Shanthi Rexaline.

Be sure to check out "Boeing's 737 Max Crisis Could Impact US GDP Growth In 2020: Mnuchin" and "UBS Swipes Left On Match, Finds Valuation Unattractive" for additional bearish calls.

At the time of this writing, the author had no position in the mentioned equities.

Keep up with all the latest breaking news and trading ideas by following Benzinga on Twitter.

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Bulls And Bears Of The Week: IBM, Microsoft, Tesla And More - Yahoo Finance

Bitcoin fans just turned their Tesla car into a full node – The Next Web

Tesla cars are capable of a lot,from self-driving, smart summoning, and automatic parking but what about running Bitcoin?

As it turns out, they can do that too. Cryptocurrency fans have shared video footage of a Tesla cars onboard computer system operating as a Bitcoin BTC full node.

[Read:Accidental Tesla butt dial upgrade highlights confusing future of car maintenance]

This is possible thanks to theBcoin project, which shared the video. Bcoin is analternative implementation of the Bitcoin protocol thatany machine like Teslas onboard computer can run via its internet browser to join in the consensus process.

So, for at least a short while, there was aTesla car out there helping to keep Bitcoin chugging along smoothly.

While this is a pretty cool (albeit novel) way to show off theBcoin project, turning your Tesla car into a mobile Bitcoin full node might not be the greatest idea.

Indeed, running a Bitcoin full node is relatively resource intensive, so the processing power required to download and process Bitcoin block data could impact the UX experience of its onboard computer as one Twitter user pointed out.

They also highlighted lifespan issues suffered by memory modules in Tesla cars. Bitcoin full nodes must interact with data quite regularly, which could exacerbate those concerns.

Bcoin devsapparently know this, too. Its website comes complete with a disclaimer. It reads: Warning: this will use a lot of your bandwidth, [CPU], and potentially disk space.

This means its likely thatBcoin devs didnt actually run their full node for very long, and its probably advisable that you do the same, for the sake of your Tesla.

Bitcoin fans have turned other gadgets (albeit smaller ones) into Bitcoin full nodes in the past. Most notably, theyve found the single board computers Raspberry Pito be a particularly good machine for syncing the blockchain.

Published January 17, 2020 15:34 UTC

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Bitcoin fans just turned their Tesla car into a full node - The Next Web

Tesla stock could hit $6,000 per share in the next five years, analyst says – Yahoo Finance

The firm that once predicted Tesla (TSLA) shares would cross the $4,000 mark delivered a new, even more bullish price target for the electric-vehicle maker.

Shares of Tesla could be worth $6,000 each in the next five years, Ark Investment Management analyst Tasha Keeney told Yahoo Finances The Final Round Wednesday.

The soaring target implies a return of more than 1,000% from Teslas closing prices Wednesday. At $6,000 per share, Teslas market capitalization would leap well above the $1 trillion mark, based on shares outstanding as of its latest quarterly earnings update. Teslas current market capitalization is north of $90 billion, or more than that of Ford (F) and GM (GM) combined.

The $6,000 per-share level is Arks bull case scenario, implying a best-case situation for Tesla over the next few years.

Thats assuming our bull case assumptions for the EV (electric vehicle) market, Keeney said. Broadly whats changed in our assumptions over the past few years is, weve always said that Tesla was three years ahead on batteries, autonomous hardware and autonomous data collection. And really were adding software to that, over-the-air software updates.

What weve seen happen is really the rest of the auto market, shockingly, is really so far behind Tesla, she added. I mean there hasnt been an EV produced thats on par with the Model S which came out, you know 7-8 years ago. And so were just seeing it move further ahead on all of those fronts.

Arks investment thesis mirrors that of some other traditional firms on Wall Street, which have recently pointed to Teslas troves of collected data as a launching point for future developments in autonomy.

Oppenheimer analyst Colin Rusch on Monday raised his price target on Tesla to $612 from $385, citing in part Teslas 600,000 cars on the road collecting data from all of their sensor suites helping the company redesign their autonomous system.

The average 12-month price target on Teslas stock is $354.26, according to Bloomberg-compiled data on 30 firms delivering price targets over the past three months, not including Arks call. Shares of Tesla closed at $518.50 each on Wednesday.

Keeney noted that Ark Invest will be publishing an updated model and Tesla price target in the next few weeks.

Tesla Inc CEO Elon Musk takes off his coat onstage during a delivery event for Tesla China-made Model 3 cars in Shanghai, China January 7, 2020. REUTERS/Aly Song

In the past month alone, Teslas stock jumped nearly 50% as deliveries came online from its Shanghai Gigafactory, Chinas first wholly owned car factory by a U.S. automaker.

That factory handed over its first vehicles to public customers within a year of breaking ground in Shanghai in January 2018, bringing Tesla to the worlds largest auto market at a much faster than expected pace.

We think this is just going to accelerate that story, Keeney said. Its going to help the cost structure, its going to help Tesla scale in a capital-efficient matter.

And in the U.S., Keeney said she didnt think a future where Tesla was the No. 1 domestic automaker would be such a wild assumption, especially in the autonomous car space where its a winner-takes-most market.

We think theyre going to be able to launch an autonomous taxi service in the next few years. I think their opportunity could just run away with them, Keene said. And if you look at the other US automakers, I mean again their EV platforms arent as great and theyre really behind on the data collection that you need to get an autonomous platform off the ground.

Emily McCormick is a reporter for Yahoo Finance.Follow her on Twitter: @emily_mcck

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Tesla stock could hit $6,000 per share in the next five years, analyst says - Yahoo Finance

Production Of Tesla Semi Set To Kick Off In Second Half Of 2020 – InsideEVs

Tesla has the potential to revolutionize the cargo-hauling scene with its upcoming all-electric Semi truck, and it looks like this revolution may start in the second half of this year. This information comes courtesy of a purported leaked email sent by the manufacturer to Semi reservation holders.

The email states that Tesla is still hard at work testing the Semi, both at its Fremont facility, as well as in harsher climates where prototypes are being subjected to cold weather testing and low traction conditions. Regarding the latter, the automaker says the trucks electric powertrain and motor control provides excellent traction, unmatched by conventional diesel trucks.

Initially, Tesla wanted to start Semi production in 2019, but it has been pushed back due to unspecified reasons. Our take is that the company is working on improving the specifications of the vehicle, especially its range - it was initially announced that two versions would go on sale, with ranges of 300 and 500 miles respectively.

Back in 2017, Musk stated that they could already achieve the 500-mile range claim, even without battery tech improvements. He specifically said he expects the final production-spec Semi to exceed 500 miles on a single charge and we have good reason to believe this is one of the reasons the start of production has been pushed back.

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Theres also no charging infrastructure for it in place yet - the Semi will have battery packs whose capacity may even exceed 800 kWh, so even charging it at a Supercharger would take too long, and it would detract from the electric trucks cost-effectiveness. Tesla has begun work on its so-called Megacharger, which will utilize a special liquid-cooled connector that is capable of withstanding the higher current transfer rates needed to make the Semi viable.

Back when the Tesla Semi was unveiled, Elon Musk announced that the truck could gain as much as 400 miles of range in just 30 minutes. Based on how big we think the battery pack will be, its clear that the current 150 kW chargers just wouldnt be fast enough.

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Production Of Tesla Semi Set To Kick Off In Second Half Of 2020 - InsideEVs

Why BlackRock May Pump Teslas Stock to the Moon – CCN.com

Tesla (NASDAQ: TSLA) stock has been on a historic tear. The EV manufacturers market-cap is almost at $100 billion, and it is basking in the warm glow of strong growth prospects and risk-on trading conditions in the U.S. stock market.

Things could still get even better for Elon Musk. The worlds largest asset manager, BlackRock, announced a shift towards sustainable investments. And TSLA might just be the firms new crown jewel.

BlackRock manages an eye-watering $7 trillion fortune and oversees a portfolio that is heavily invested in fossil fuels. Thats about to change.

In his 2020 CEO letter, BlackRock chief executive Larry Fink announced the climate crisis as the catalyst for the stock market behemoths planned re-allocation, stating,

We will see changes in capital allocation more quickly than we see changes to the climate itself. In the near future and sooner than most anticipate there will be a significant reallocation of capital.

He was careful not to state there was going to be a total divestment from oil companies. This would be very impractical from a liquidity standpoint. BlackRock invests more in fossil-fuel reserves than anyone else in the world.

This commitment to green investing, suddenly leaves Tesla front and center as the perfect option for BlackRock to increase their exposure to sustainable investing.

Elon Musk made it clear from day one that his vision revolved around electric cars powered by energy harvested from the sun with solar panels.

Mad Money host Jim Cramer believes that Tesla stock is the ideal place for BlackRocks divested oil money to flow into.

Cramer went so far as to call the EV manufacturer Larry Finks ultimate stock.

This is heady praise considering BlackRocks titanic AUM figure.

It doesnt hurt that Larry Fink is already one of the largest owners of TSLA stock, and recently upped his holdings by 5.37% in November last year. Of course, Fink isnt necessarily a fan of Elon Musk, as BlackRock voted to oust the mercurial billionaire from his role as chairman in 2018.

So how much money can flow out of the pipeline and into Tesla stock? A lot.

In 2019, the asset manager had around $90 billion worth of assets in oil, coal, and gas. This is only slightly less than TSLAs entire market cap, highlighting how much capital could be re-deployed at Finks command.

BlackRock has reportedly lost $90 billion investing in fossil fuels over the last decade, so dont be fooled that Larry Fink has a sudden desire to help save the koalas.

Currently riding parabolic arc, Tesla stock is at all-time highs. The run-up appears to have been mostly fueled by a genuinely-historic short squeeze.

Its also possible that word had gotten out on Wall Street about BlackRocks upcoming shift, or even that the $7 trillion behemoth has wisely covertly started re-deploying its cash.

While it isnt clear precisely what has happened in the market, two things are apparent. Tesla stock is the perfect target for Finks push into more sustainable investments, and there is more than enough fossil fuel money on hand to drive an already-elevated TSLA to the moon.

Disclaimer: This article represents the authors opinion and should not be considered investment or trading advice from CCN.com.

This article was edited by Josiah Wilmoth.

Last modified: January 14, 2020 6:56 PM UTC

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Why BlackRock May Pump Teslas Stock to the Moon - CCN.com

Tesla – Paramus – 17 Photos & 17 Reviews – Car Dealers …

17

I picked up my new M3 here last week and the staff could not have done a better job. Here's my respects for a job very well done during a very full Friday- kudos and keep up the great work!

This is a review specifically for my phone call with the service center agent Jordan today. While it took 10+ min to reach him, I appreciated that while on hold the automated system gave me a heads up of that, including when there was 5+ min remaining.Jordan was super helpful! Every question I had, he referred to whatever resources he had to try to give me a response and an accurate one at that instead of just brushing me off. Whatever he didn't know, he asked me to hold so he could ask a supervisor. Plus, every time he came back to the phone from hold, he used my first name to ask if I was still holding. I mean that is A+ phone etiquette in my opinion.Again, really appreciated that he went above and beyond to get me answers and use my name when referring to me. Maybe this seems like basic stuff, but clearly there isn't enough of this around so it's refreshing to get back to real values.

Had a written agreement to buy a telsa from this location. Put in deposit, was going to pick up today, then they called me and said it would be an extra $750 on top of written agreement. Totally unacceptable. Stay away

Always a madhouse, but that's good for Tesla I guess haha. I prefer this service/sales center to Springfield as even though it's a couple miles further, it's actually a more convenient location to get to. As far as sales and service experiences go, they don't always hit the mark on the first try (which is why it's not a 5-star place), but they always make it right and are earnestly interested in making sure you're happy (which is why it's not less). This service center also has a supercharger, which is convenient, but it's also quite busy (although I imagine it won't be as bad when the other recently constructed ones open). All in all, good people here. Very helpful, and of course awesome cars 🙂

Travelling cross country to get home and got routed to stop here. Stopped in for the bathroom (at 3pm) and the door was locked when I tried to leave. They were closing early for snow. I specifically asked them to let my husband use the bathroom quickly before they left and he said "ok, but we're leaving soon." However, when he got to the door the man locked it in his face and scampered away.

So I am a big fan of Tesla. But not of the delivery people. Please, please double, triple check your order and financing. They only care about the super wealthy, rich people here. If you are not one of them, they literally throw you to the gutter. I was the first owner of a Model S P85D in NJ.Then Model S P100D and then Model X. A Model 3 RWD and recently Model 3 AWD. The cars, the man, the legend. David vs Goliath. I love these things about Tesla. So does everyone. Clearly 5 cars. Obvious. My first car experience was at Springfield. That's where I got my P85D. It was such a nice experience and everyone there was welcoming. They informed me every step of the way, and let me know what I would be responsible for and what I needed to bring with me. I received my car, my dog even came. They took pictures of us both, was a great experience and brought me closer to thinking Elon was a God. The car was amazing and I was so happy to be driving it and contributing to add miles of knowledge for future updates and improvements.Fast forward 4 years and I wanted the Model 3, but in AWD. This time, in Paramus was the worst service ever. I was sent the documents via email which I didn't read, as was the case with the last 4 cars because I trusted the company, but during the process they told me 3-4 thousand in addition to my initial deposit. This time the delivery specialist came to my parent's house. I had my old Model 3 and he and I discussed um.... nothing. Delivery team prior said, hey your a veteran right, you dont need us to tell you anything. I was taken aback, but I said okay. Famous last words. Instead of the down payment being 3,500. Which is exactly what the delivery specialist had told me. They ended up taking 34,500 out 3 days later. Yes it was in my email. But who puts 34,500 or half down on a car. And they had told me the loan would be 3-5k. It was my fault for not looking thoroughly at the emails. The rest of the amount 22k was financed through US Bank. How ridiculous, who would put down 40k, for a 60k car. You might as well pay the whole thing. But I trusted these fools. When I put in the amount with the delivery specialist on mytesla.com it was for 3,450. And he looked it over and said cool. Cool. Yup. Thats right. On Friday. Beginning of May.When my bank account went negative 3 days later, I obviously put a stop payment on it on Monday. When it ended up being 34,500. And I called Aleks, the delivery specialist. He messaged me that he was off Monday and to call the Paramus center. I called and told them what was going on. They said they would do research and get back to me. I waited 3 days, nothing. Messaged Aleks again. Nothing. He said 2 days after they were looking into it with corporate. I messaged him a 3rd time a week later, and he said the same thing. Now it is the 22nd June Saturday morning and I get an email from Tesla Paramus and they said, can you pay the balance. I responded and said I think I owe 3450. They (Shane at Paramus) said, sure if thats what you think you owe. I found this very odd, since there would not even be a receipt? or Bill? So I called and spoke with Shane who did some "research" and called me back and said I owed Tesla the 34,500 and I should have looked at my emails. This never happens, your a first time case. Blaming me over and over and over again. Threatened me... Told me they would not do registration and impound the car. A 5-Time Tesla car buyer. With zero issues with the company. He also yelled at me and basically said I was poor when I told him, why would anyone put down 60% for a car, when you are financing it, especially when you have no negative equity. He went on to tell me there are people who pay for the car in full. I said, they must be rich and he said a lot of people do. When I told him I am not one of those rich people he said well, a lot of people put down half. Basically insinuating I was not the "type" of person that would buy a Tesla. Even though he knew it was my fifth car. And not once did he apologize for the confusion or share some empathy with the experience I had. No, Shane was right. You be quiet child. You should be lucky, I'm even talkin' to you.I asked if I could restructure the loan, to which he said, call US Bank, I have other people waiting for me. Let us know when you want to pay it. And hung up. I decided to use a LOC I had available and pay the car. I called Tesla today 6/24 and asked for Shane. The guy who picked up (Sean) said he was off, and said to wait while he spoke to a manager. He gets back on the line. So... do you want to do an ACH payment now or you coming in to give us the check. No sorry, for the inconvenience or the fact that I typed in 3,450 with specialist looking and was charged 34,500. Sure.. when someone calls and says sorry. He (Sean) then threatened me that we will not register your car. And it will be repossessed & impounded. Gee Golly Tesla. Thanks

Terrible experience- the sales guy gave me his cell phone number telling me I can call him anytime - after selling the car he disappeared and never picked up the phone - terrible customer service as well - kept me on the phone for three hours and still could not tell me how to turn on the emergency Light on the car -

What an woeful experience!!!I took time to review this shop/store because the difference in customer care is made by humans.So, with couple of weeks in advance, I scheduled a test drive for Model X. I confirmed it, reconfirmed it, I went in person, I showed my driving license, I let them know that I am able to leave a check as a deposit if it's needed and I wait for the date. The appointment was for 11.30 on April 13th and I supposed to go back for an overnight test drive. Cool. Guess what?! Couple of days after I went in person, I received an email that asked me to reconfirmed the appointment, I called back the guy, Jamie Long. He send me a link where I can rent the car, in order to have my test drive with the Tesla Model X. The distance to go and rent the car was 44 miles away from my home, while this location was only 7 miles. To rent the car the cost is $359/day.Whatever.Probably the business is not ready yet for customers like me.@ my current lease will expire on August 2019

Bad delivery experience, the car I picked up was damaged. No one gives you a good orientation on the car. I thought they were going to take care of all the issues they promised to resolve and never heard back from them. After chasing after them I received an email written by someone who is illiterate telling me to contact their Brooklyn store. I asked someone else who got a Tesla in Maryland asking how their orientation was and I was told no one showed them how to use the car as well.

This place is ALWAYS packed. It's easy to see why, they make amazing cars. You can spend hours here checking out the cars in the showroom, messing with every option in these cars. Haven't had my car serviced here yet so can't really say how that is. I will say though that they need to add more superchargers, which is one of the reasons for my 3 star review. There are 10 superchargers and they are always filled. This area has tons of Teslas, so to not have more superchargers here in this area is crazy. The next closest is in Yonkers and they have 18 superchargers! C'mon Tesla!

I don't like this place, the service guys are softly arrogant, they'd look at you and ignore you as if you're not here, not to mention that I hate that I have to keep coming in again and again for things that are breaking on me.And I've had Infiniti's, Lexuses and other luxury brands.The service bills are sometimes more than the car payments.Sick.I'm so waiting for Audi EV's.

Needed 4 new tires on my model s which they had in stock however the appointment they gave me was 2 weeks later! I go there from time to time to supercharge and in my honest opinion they are not that busy to schedule an appointment 2 weeks later for a 45 min - 1 hour job. I have been out of a car during this time and have been using shared ride services to get around. Major inconvenience!

Fantastic service. Needed quick tire change. They took me immediately and couldn't have been nicer.

This is a great place to get your dream car! Personnel were very helpful and were quite flexible with scheduling the test drive. We test drove a Model X on a busy Saturday afternoon but showed up 30 minutes late due to a combination of factors. The salesman was very understanding and manage to squeeze us into their packed schedule. We were so satisfied that we placed the order for a Model X that same day. For those who are looking for free lifetime supercharging and a $1000 credit for their Model S or X, please use my referral code: http://ts.la/joe8731. Happy clean driving!

Very lukewarm experience at the Paramus Tesla. The staff wasn't very eager to answer questions. The staff was busy on their cell phones or talking to other sales reps. The floor was not busy so I don't understand why we weren't assisted. I'd look at another location for better and actual service.

The sales people were very knowledgeable about their product and the competition. They were not pushy nor too laid back. My ability to get a test drive was very easy and enjoyable.

I had a great experience with this location when i went there on my one day off from work. As soon as i entered, one of their sales associates; Aimee came over and greeted me and asked me if i had any questions. I asked many questions and she was able to answer all of them. We then sat in the car and she showed me all the awesome features that a Tesla has to offer. We then went on a test drive, right off the bat Aimee was very informative on how the autopilot feature works as well as self parking... She also let me play a song from the internet using the huge screen in the middle. I have driven many cars ranging from sport cars and luxury cars and the test drive i had gone on was one of the most enjoy full car driving experiences i have had. I cant wait for their new model 3 to come out so i can get my hands on it. I would definitely recommend going to Tesla, and experience the future of cars.

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Tesla - Paramus - 17 Photos & 17 Reviews - Car Dealers ...

Tesla’s Elon Musk approaches $346M payout as market value soars – CNET

Musk is mighty close to a nice payout.

Tesla has a lot going for it right now. It made a splash with the debut of the Cybertruck, it booked a surprise profit in the third quarter of 2019 and it delivered a record number of cars in 2019. All of this has made the electric carmaker's stock price a rosy thing on Wall Street.

And with the record stock price, CEO Elon Musk inches closer to payday, Reuters reported Tuesday. Following a jump of 9% on Monday, Tesla's market value was 6% shy of the $100 billion value needed to deal out Musk's first portion of the pay package. The CEO would earn $346 million as part of an aggressive pay package agreed to in 2018.

If Tesla reaches the $100 billion mark, the figure will need to hold steady for a one-month and six-month average. Only then will it trigger the first of 12 agreed-to payouts that would award Musk $346 million in Tesla stock. Reuters reported Musk has already achieved an operational target required to unlock the vesting period.

The continued plan is still incredibly aspirational. Tesla's market value would need to continue climbing by $50 billion each year for 10 years to earn the full payout package. If Musk were to lead Tesla and achieve more revenue and profit target, all the while commanding a $650 billion market value, the CEO would earn even more.

Back in 2018 when Musk's pay package was approved, Tesla was worth $53 billion. Right now, it hovers around $90 billion. We'll know more about how close Musk will get when the automaker reveals its fourth quarter earnings in the near future.

Now playing: Watch this: Tesla Cybertruck: First ride in the pickup of the future

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Tesla's Elon Musk approaches $346M payout as market value soars - CNET

Tesla is now the most valuable US automaker ever – CNN

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Tesla is now the most valuable US automaker ever - CNN

If the Telsa Rally Left You Behind, Heres What to Do – Barron’s

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Investors experiencing the fear of missing out, or FOMO, can still buy Tesla shares if they think that global sales of electric vehicles are at an inflection point.

Tesla (ticker: TSLA) stock has been on an incredible run since the company reported better-than-expected third-quarter earnings in late October. Shares are up more than 100% over the past three months, crushing comparable returns of the S&P 500 and Dow Jones Industrial Average. Tesla shares were up 3.2% Tuesday afternoon to more than $540.

It would be understandable if investors watching from the sidelines are feeling as if they missed out on the next big thing. Whats more, those without a stake in Tesla might be reluctant to buy at current levels, thinking that would be a recipe for portfolio disaster. No one wants to buy high and sell low.

But, as one portfolio manageran off-again, on-again Tesla shareholdertold Barrons, investors can still buy in, so long as they believe in the long-term prospects for the company. They key is to manage risk. And risk with a stock as volatile as Tesla can be mitigated by position size.

Tesla shares are about twice as volatile as, say, Apple (AAPL) stock.

Investors can buy a very small position, then add to it when shares dip and sell some when shares rise. Investors dont have to take an all-or-nothing view with any portfolio position. And keeping some stock forces an investor to maintain focus on the business fundamentals. It also cures FOMO.

On the flip side, short sellers have to have an iron stomach to say short Tesla stock these days. Bearish investing pros can go short by borrowing and selling shares, betting on near-term price declines. But the Tesla short isnt working, to say the least. The recent rally is, in industry parlance, ripping the face off the shorts.

In fact, Tesla has been tough for short sellers for a while. Data analytics provider S3 estimates short sellers have lost more than $11 billion since 2016 betting against the company and its enigmatic CEO, Elon Musk.

But the short sellers are still there. Tesla is the second largest short in the domestic market behind Apple, S3 wrote in a Tuesday research report. S3 is talking in absolute termsthe amount of money sold short.

About $13 billion worth of Tesla shares are shorted, according to S3. That is almost 13% of its market value. Apple, however, is more than 13 times the size of Tesla measured by market capitalization. Only about 1% of Apple shares available for trading are sold short. It is a tiny amount, relatively speaking. There are, essentially, no Apple bears in the marketplace. By comparison, about 20% of Tesla shares available for trading are sold short, and there are plenty of Tesla bears.

High short interest can lead to a short squeezewhen bearish investors rush to cover positions en masse. Short covering is one explantation for the magnitude of the recent Tesla rally. But that isnt the only factor driving shares higher.

Its a short squeeze, but also real buying on a global EV inflection point, Wedbush analyst Dan Ives said in an interview. With China growing, electric vehicles will constitute 8% of global auto sales by 2024, up from 3% today, he said. Thats the key for Musk and Fremont. (Fremont, Calif., is where Tesla has its headquarters.)

Ives sees bullish Tesla investors trimming positions as the stock price rises. But he said there are other investors doubling down on a China Tesla thesis.

The company just started delivering Model 3 sedans produced in China for the Chinese market. The lower price point for the Model 3versus the Model X or Model S vehiclesalong with local tax and EV incentives in the country should help Tesla volumes there in 2020.

Bulls can stay invested, to some extent, but China is key to the bullish investment thesis now.

Write to Al Root at allen.root@dowjones.com

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If the Telsa Rally Left You Behind, Heres What to Do - Barron's

How the man who challenged Tesla went bankrupt – Business Insider

The following is a transcript of the video:

Narrator: In 2015, Faraday Future was a California-based electric-car startup with deep pockets in China and ambitions to take on the world. It assembled, seemingly out of nowhere, a star-studded cast of top executives from Tesla, Audi, Lamborghini, BMW, Ferrari, Volkswagen, Ford, and Google, united behind a forward-thinking vision of jump-starting the autonomous, connected electric-car ecosystem. Or developing a car subscription service. Or inventing a drivetrain that could be mounted to any type of vehicle. Or putting this...Batmobile car into production? Wait, were they serious? OK, in 2015, Faraday Future's actual plans were a mystery. But with a 1,500-person workforce, over 100 employees poached straight from Tesla, a foot planted firmly in Los Angeles, and an agreement for a $1 billion factory in Nevada, Faraday Future was ready to kill Tesla where it stood. But by 2018, Faraday Future had burned through billions of dollars and was struggling to stay in business. And it's almost all because of this man: Faraday Future's cofounder Jia Yueting, a billionaire tech entrepreneur whose aggressive money borrowing powered Faraday Future into a shining star in the automotive industry and simultaneously brought its downfall in three short years.

This is how the man who challenged Tesla went bankrupt.

Jia Yueting, or YT, as he was called, started his career in the 1990s as an official in a local tax bureau. He left to start a whole bunch of businesses ranging from coal to mobile phones. In 20 years he would be the 17th richest person in China, with a net worth of $7.3 billion. His most successful venture was a streaming company called LeTV, which launched its video-streaming service in 2004, three years before Netflix. On the heels of LeTV's success, YT acquired and developed other lines of businesses: smartphones, TVs, sports programming, financial products, smart bicycles, and even electric cars, all under an umbrella brand called LeEco, or Le Economy. While LeEco's activities seemed unrelated, YT saw an opportunity to provide consumers with everything they could want: an electric car that could drive you around, call your friends, hold a business meeting, or watch sports, all in one neat little LeEco package. In 2014, YT cofounded Faraday Future, headquartered in California. YT would spend hundreds of millions of dollars developing a car out of Faraday Future, eventually planning to open a $1 billion factory in Nevada, the same state where Tesla was building its Gigafactory. Meanwhile, in 2015, YT led an aggressive campaign to expand LeEco products into the United States, opening an 80,000-acre campus in San Jose, California, hiring over 300 employees from Silicon Valley, and acquiring American TV manufacturer Vizio for $2 billion. In 2016, LeEco launched its flagship smartphone, the Le Pro 3 and Le S3, and a smart TV, the EcoTV, with the aim to take on tech giants Apple and Google in the US market. And none of these ventures were making money for YT. With the exception of the streaming service LeShi, formerly LeTV, none of LeEco's seven businesses were profitable, according to Bloomberg.

So where did all the money come from? Some from YT's pockets, but a lot more came from China's lenders. As reported by The New York Times, YT found cash, over $2.1 billion in this report, in two different ways. One: He simultaneously courted small, working-class investors by promising good rates of return and playing down risks. Two: He tapped back channels and dealt in China's shadowy informal banking system where regulations hardly existed. Understandably, there was a huge backlash when YT didn't deliver on his promises. In April of 2017, 37 representatives of small businesses staged a sit-in in the LeEco lobby, demanding LeEco pay $10 million that was owed to them. LeEco responded by filling its lobby with potted plants to keep the angry creditors from loitering there. YT ignored an order to appear in court in 2017 and instead fled China to Faraday Future in California, his last chance at getting some money together. The consequences of his debt, though, were too big and too far-reaching for Faraday Future to save him.

In 2017, the court in China named YT to a debt blacklist. The blacklist is a way to publicly slap the wrist of affluent Chinese businesspeople and try to prevent them from spending recklessly. But most importantly, YT's name on that list meant investors were less keen on doing business with Faraday Future. In fact, Stefan Krause, Faraday Future's CFO, was offered financing deals that were strictly contingent on YT resigning or giving up a controlling part of the company. It's just, YT didn't want to give up control. And Faraday Future desperately needed the money. After three years, the company didn't even have a car to sell. Remember that 1,500-person workforce? Well, The Verge reported that insiders at Faraday said the company didn't even have work for them to do. In 2018, Faraday Future, burning through cash and unable to find another financier, laid off a large chunk of its employees and applied for financial assistance. In October of 2019, Jia filed for Chapter 11 bankruptcy. According to the notice, YT accumulated over $6.6 billion of debt in total while repaying only $3 billion.

This story ends on a hopeful note. Today, Faraday Future is still alive. It continued to develop its first announced production car, the FF 91, and has tried to respark interest in it, keeping a stream of footage of the car on the street and in testing up on the Faraday Future YouTube channel. The company has a new CEO, the man in charge of the BMW i program and cofounder of Byton cars, Carsten Breitfeld. Breitfeld expressed renewed commitment in Faraday Future's mission of using the technology FF has developed thus far to transform the car industry. And as for YT? Well, he's still living in a mansion in California. He's still involved in Faraday as a senior officer in charge of design, though he is no longer a financier of the company. In a statement on Twitter, YT apologized for his mistakes, namely failing to repay his debts. He also mentions how important it is for him to return to China, repay his debts, and make Faraday Future a successful company. It's easy to see YT had all the tools to make a revolutionary car company. If you look around, you'd see YT's vision in 2014 for a smart, connected electric-car ecosystem was right on the money. His bravado and charisma are the same as Elon Musk's, who kept Tesla afloat through rocky financial situations on vision and enthusiasm alone. Faraday Future could have easily been as successful as Tesla; simply, the decision to push forward for so long without seeing cash and never compromising was unsustainable. YT says, "The success of a company is all about the choices it makes." Seems like YT just made some wrong ones.

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How the man who challenged Tesla went bankrupt - Business Insider

Ride on Tesla’s Hottest Run With These ETFs – Yahoo Finance

Tesla Motors TSLA has been on its hottest streak, rising 20% in the initial week of 2020 and surpassing the $500 per share level for the first time in its history. This has boosted the companys market cap to about $90 billion, which is nearly $5 billion more than that of General Motors GM and Ford F combined.

With the latest gain, Tesla has added about 103% in the past three months compared to 10.2% gain for the S&P 500. The rally began in October when the electric carmaker reported a surprise profit for the third quarter of 2019. Then, Teslas entrance into China and solid fourth-quarter delivery numbers published earlier this month led to bullishness on companys growth.

Tesla has started delivering Model 3 cars made at its Shanghai factory to Chinese consumers in its cooling electric vehicle (EV) market. Meanwhile, the company produced a record 105,000 (86,958 Model 3 and 17,933 Model S and X) vehicles and delivered a record 112,000 (92,550 Model 3 and 19,450 Model S and X) vehicles. The number is above analysts expectation of 106,000 polled by FactSet. This has pushed 2019 total deliveries to 367,500 vehicles, up 50% from 2018 and in line with its guidance range of 360,000-400,000 vehicles (read: Tesla Reports Record Q4 Deliveries: ETFs to Ride the Surge).

Further, analysts optimism has bolstered the momentum in the stock. Oppenheimer has raised the price target on Tesla by nearly 60% to $612, citing that the company has advantages over its competitors, including battery technology, powertrain design and customer enthusiasm. The move is the latest in the string of upward revisions in the stocks target price by analysts like Piper Sandler, Argus Research and Credit Suisse.

The growth levels for the electric carmaker are also impressive. The company is expected to see year-over-year growth of 79.7% for 2019 when it reports earnings later this month, and an enormous 2324% for 2020. Moreover, optimism over car demand will likely push the stock up to new heights this year (read: Electric Vehicles to Rev Up in 2020: Play These ETFs (Revised)).

Given the bullishness, it seems Tesla is a great candidate for a portfolio. The stock currently has a Zacks Rank #2 (Buy) and a Growth Score of A. It belongs to a top-ranked Zacks industry (in the top 44%). All these indicate continued solid trend in the near future.

ETFs to Watch

The huge surge in TSLA price has put the spotlight on ETFs having substantial allocation to this luxury carmaker. Investors should closely monitor the movement in these funds and grab any opportunity from a surge in the TSLA price.

ARK Autonomous Technology & Robotics ETF ARKQ

This is an actively managed ETF seeking long-term capital appreciation by investing in companies that benefit from the development of new products or services as well as technological improvement and advancements in scientific research related to energy, automation and manufacturing, materials and transportation. This approach results in a basket of 38 stocks with TSLA occupying the top spot with 12.5% share. The product has accumulated $181.7 million in its asset base and charges 75 bps in fees per year.

ARK Innovation ETF ARKK

This is an actively managed fund seeking long-term capital appreciation by investing in companies that benefit from the development of new products or services, technological improvements and advancements in scientific research relating to the areas of DNA technologies (Genomic Revolution), industrial innovation in energy, automation and manufacturing (Industrial Innovation), the increased use of shared technology, infrastructure and services (Next Generation Internet), and technologies that make financial services more efficient. In total, the fund holds 39 securities in its basket with Tesla occupying the top position, accounting for 10.3% share. The product has gathered $1.9 billion in its asset base.

ARK Next Generation Internet ETF ARKW

This is an actively managed fund focusing on companies that are expected to benefit from the shift in technology infrastructure to the cloud, enabling mobile, new and local services. The fund holds 43 stocks in its basket with Tesla occupying the top position at 9.3%. The ETF has amassed $442.6 million in its asset base and its expense ratio is 0.75% (read: S&P 500 Hits New Highs: ETFs Soaring to Start 2020).

VanEck Vectors Low Carbon Energy ETF SMOG

This ETF tracks the Ardour Global Index Extra Liquid, which focuses on the performance of low carbon energy companies primarily engaged in alternative energy. It holds about 30 stocks in its basket with AUM of $106.6 million while charging 63 bps in fees per year. Tesla occupies the top position in the basket with 9.5% allocation. In terms of country exposure, the fund is skewed toward the United States with 71% share while Denmark and China round off the next two spots.

MicroSectors FANG+ ETN FNGS

This ETN is linked to the performance of the NYSE FANG+ Index, which is an equal-dollar weighted index, designed to provide exposure to a group of highly-traded growth stocks of next-generation technology and tech-enabled companies. It holds 10 stocks in its basket with Tesla occupying the ninth position with 10% share. The product has accumulated $35 million in its asset base within two months of debut and charges 58 bps in annual fees (read: 9 Leveraged ETFs That More Than Doubled in 2019).

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Ride on Tesla's Hottest Run With These ETFs - Yahoo Finance

How Big Is The Tesla Model Y? – InsideEVs

EDITOR'S NOTE:This article comes to us courtesy ofEVANNEX,which makes and sells aftermarket Tesla accessories. The opinions expressed therein are not necessarily our own at InsideEVs, nor have we been paid byEVANNEXto publish these articles. We find the company's perspective as an aftermarket supplier of Tesla accessories interesting and are happy to share its content free of charge. Enjoy!

The Tesla Model Y is expected to go into production this year. And there'splenty ofspeculationabout the company's new electric crossover.However, many of those considering placing an ordercould be confused about its size. Without a physical model to touch and feel, getting a sense of its overall sizemight be challenging. Luckily, with a few prototypes driving around, weve got afew more good looksatthe much-anticipated Model Y.

Technically, the Tesla Model Y isnt a crossover it's a compact crossover. This just means that its on the smaller end of the sizing spectrum which makes sense since Tesla already has alarger SUV, its Model X.Looking at Tesla'snew lineup of vehicles, the Model 3 is to the Model Swhatthe Model Y is to the Model X. Its a smaller, compact, and more affordable version.

Above: Comparing the size of Model 3 and Model Y (Animation:EVBitevia Tesla)

The Model Y is largely based on the Model 3 sharing around 75% of its components and as such, thetwo comparenicely. Whenfirst unveiledmany were surprised to see how similar the two vehicles looked. Musk originally stated that the new electric crossover would be just 10% larger than the Model 3. Even though 10% might not seem like a lot, it multiplies the available cargo space by over 4x giving it even more room than a Model S. Teslaalso claims the compact crossover can fit seven adult passengers.

For context, theModel 3 has a width of 73 inches and a height of 57 inches. Tesla has yet to releaseModel Y's official dimensions but the car wasrecently spottedwhileconcealed under acar cover. Thanks to 'gamerike' aReddit userwith measuring tape on hand we now know that the Model Y has a height of 65 inches. This comes rather close to the height of Tesla's Model X which sits at 66 inches tall. Because the Y shares a similar platform to the 3, weanticipate the width to be just about the same.

It turns out these specs appear to bepretty standard in the compact crossover segment. The Tesla Model Y size can compare with a BMW X3, Audi Q5, or even a Ford Escape.It's also worth noting thattheFord Mustang Mach Ehas similar specsin theelectriccompact crossover segment. Will this lead to aFord v Teslashowdown?

It's always difficult to forecast future sales. That said,InsideEVsreports thatJoe Hinrichs, Ford's President of Automotive, says theDetroit automaker plans a limited Mach E production run of 50,000 in 2020 [Editor's note: to be clear, the statement from Hinrichs indicates Ford plans to produce 50,000 Mach E vehicles in the first 12 months of production, not 50,000 in 2020.] . Fordclaimsits "first edition" Mach E has already sold out. Meanwhile, last week, Tesla CEO Elon Muskpredicted, "Ultimately, Model Y will have more demand than probably all of the other cars of Tesla combined."

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An earlier version of this article appeared onEVBite. EVBite is an electric vehicle specific news site dedicated to keeping consumers up-to-date on any developments in the ever-expanding EV landscape.

EDITOR'S NOTE:This article comes to us courtesy ofEVANNEX, which makes and sells aftermarket Tesla accessories. The opinions expressed therein are not necessarily our own at InsideEVs, nor have we been paid byEVANNEXto publish these articles. We find the company's perspective as an aftermarket supplier of Tesla accessories interesting and are happy to share its content free of charge. Enjoy!

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How Big Is The Tesla Model Y? - InsideEVs

Man caught on camera using knife to vandalize Tesla in Conifer – FOX 31 Denver

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CONIFER, Colo. FOX31 has obtained video that captures the moments a man uses a knife to vandalize a womans Tesla in the middle of a grocery store parking lot.

The victim said this is not the first time she has been targeted for driving a Tesla.

The video shows a man with his hood up and hands in his pockets casually walking up to a Tesla, flicking out a knife blade and reportedly doing thousands of dollars in damage.

It was shocking. Why would someone do that? I was shocked. Ive had the car six months, Regina said. I have to replace both car panels and they estimate the cost to be $2,500.

We talked to the victim, Regina, who wants to conceal her identity in fear of retaliation. She went grocery shopping at 3:30 p.m. on Saturday at the Safeway in Conifer and came out to find her car vandalized.

There was this huge scrape on my car," she said.

Her 2019 Tesla Model 3 is equipped with eight cameras that caught clear images of the man. Regina said she does not recognize the suspect. She also said in the six months she owned her Tesla, shes experienced more forms of harassment while driving her car.

Ive pulled up at a stop light, someone honked their horn at me and had given me a thumbs down - pointed to the car and given me a thumbs down," she said.

In October of last year, 57-year-old Maria Elena Gimeno turned herself into police after video of her vandalizing a Tesla in Broomfield went viral.

Now, Regina is hoping someone will recognize this man so she can hold him accountable for the crime.

Its just kind of sad people would have that type of hate or anger or aggression over a car. Its a car," she said.

The cameras on Reginas Tesla also captured the suspect's license plates. That information and the footage have been turned over to the Jefferson County Sheriffs Office. If you recognize the man, contact law enforcement.

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Man caught on camera using knife to vandalize Tesla in Conifer - FOX 31 Denver


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