Tesla sales are sliding in Europe, but its not only because of competition – Electrek.co

Several reports are coming out about Teslas sales going down in Europe, but the reports are misleadingly framing the situation simply as the competition taking over.

Its not that simple.

This week, Automotive News is out with a report claiming Tesla sales plunge in Europe even as EV market booms:

Sales of battery-powered cars in Europe rose 34% to 217,495 in the first half, according to data from JATO Dynamics market researchers. Teslas European sales were down 18% to 37,251 during the period.

The reports then breaks down several European markets where Teslas sales are crashing, while the competition is taking over from the California-based automaker who used to be the market leader for EVs in those markets.

Zero Hedge, a publication unapologetically anti-Tesla, was out with a similar report this week regarding Germany: Tesla Crushed in Germany by EVs From VW, Renault, & Hyundai Group:

It has been a very ugly year in Germany for auto sales, except for EVs. The overall new vehicle market in Germany has plunged by 30% in the first seven months of 2019 to 1.526 million units. But EV sales have skyrocketed by 65% over the first seven months, after having already skyrocketed by 88% in the same period in 2019,according to KBA, the German agency that handles nationwide new-vehicle registrations. Year-to-date, 61,105 EVs were sold, giving EVs a share of 4% of total new vehicle sales, up from less than 1% in 2018.

But Tesla got crushed. Its sales over the seven-month period fell from 6,816 in 2019 through July to 5,306 over the same period this year, and its share in the EV market plunged from 18.4% to 8.7%.

The report suggests that the competition is finally taking over Tesla in Europe.

The data is most likely accurate. Thats not the issue.

However, the explanation is not as simple as the competition getting the better of Tesla with new electric models hitting the market.

Teslas global deliveries have surprised last quarter amid the pandemic by being down only 5%, while the rest of the industry saw a 30%+ drop in deliveries.

The automaker didnt do as well in Europe, but thats because it barely had any supply for the market in Q2.

All of Teslas European vehicles come from its Fremont factory, which was shut down for over a month during the second quarter due to the pandemic, and the shutdown disproportionately affected the European supply of Tesla vehicles.

At Fremont factory, Tesla produces vehicles in batches for different markets, and those batches can last several weeks, The shutdown happened as Tesla was supposed to produce its batch of vehicles for the European markets.

This resulted in a very short supply of Tesla vehicles available for sale in Europe and only now in late July, and this month Tesla has started producing European vehicles again following the reopening of the factory in May.

Let me be clear, I am not blind to Teslas competition, especially in Europe.

Theres no doubt in my mind thats Tesla EV market share is going to slide in Europe this year and over the next few years as several other automakers bring new EVs to market on the continent to comply with local regulations.

However, its also clear to me that the drop we are seeing during the first half of the year is way disproportionate due to Teslas production cycle for the European market being affected by the factory shutdown.

Thats something that most of those reports are missing.

I believe we are going to see Tesla recover in September with strong sales in Europe once the next batch of vehicles makes it to the continent.

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Tesla sales are sliding in Europe, but its not only because of competition - Electrek.co

Tesla Bet Propels New Japan Fund to the Top With 84% Return – Bloomberg

A bet on shares of Tesla Inc. has helped propel a fund managed by Nikko Asset Management Co. to the top position in Japan just a little over a year since its inception.

The $4.8-billion Global Prospective Fund has returned 84% over 12 months, the most among Japanese funds with at least $1 billion in assets, according to data compiled by Bloomberg. Tesla -- the worlds most valuable automaker thats seen its stock more than triple in 2020 -- held the highest weighting of 8.4% as of end June. The funds net asset value has more than doubled from a March low.

Tesla is like the best of the best in an album of greatest hits, Tetsuya Sakiyama, deputy head of the asset management support department at Nikko Asset, said in an interview. Honestly, I didnt expect the fund to be as big as 500 billion yen in just a year.

Global Prospective Fund invests in 46 technology innovation firms

Source: Nikko Asset Management

The success of the fund speaks to the worldwide investor frenzy around companies focused on technological innovation, as the coronavirus pandemic hastens the global shift toward automation and digital services. The fund has also benefited from the huge interest that deep-pocketed retail investors have shown in owning foreign stocks.

Electric-car maker Teslas shares have rallied relentlessly on the back of improving operations, potential innovation in battery technology and speculation they will be added to the S&P 500 Index. The company posted a fourth-straight quarterly profit last month, and announced a 5-for-1 stock split this week.

READ: Tesla Growth Is Musks Goal After Profit Opens Path to S&P

Apart from Tesla, Nikko Assets fund invests in 45 other companies that it sees leading technological innovations over the next several years, including those in industries like genome editing, mobile payment, video streaming services and online education tools.

Mobile payments firm Square Inc. and genetic-information company Invitae Corp. were the funds next two biggest holdings -- each carrying a weight of over 7% -- according to its factsheet as of end-June.

Yet the standout performance doesnt mean the fund has been immune to the financial-market volatility triggered by the virus outbreak, especially at the start of 2020. With a portfolio comprising shares of a number of small-to-medium sized companies that are typically more vulnerable to price swings, the fund saw its NAV tumble 43% from its February high to hit a low of 7,233 yen in March. It was at 16,661 yen as of Aug. 13.

It is a risk factor that price drops could be exacerbated at times when equity markets are falling, Sakiyama said.

However, he doesnt see intermittent market routs denting the long-term growth trajectory for companies focused on innovation.

Despite the uncertainty surrounding markets and despite the fact the price is close to 16,000 yen, we are hardly seeing investors who want to sell, Sakiyama said in the July 31 interview. Local retail investors are opening their eyes to the high-growth potential of overseas stocks.

With assistance by Abhishek Vishnoi, and Ishika Mookerjee

(Updates prices throughout.)

Before it's here, it's on the Bloomberg Terminal.

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Tesla Bet Propels New Japan Fund to the Top With 84% Return - Bloomberg

Tesla is involved in the development of a smartwatch, but why? – Electrek.co

Tesla is involved in the development of a smartwatch, according to a new FCC filling. The questions are, to what degree and why?

The automaker has been known to branch out of the electric vehicle business, but this is would be quite a new venture for Tesla.

Xplora Technologies, a Norway-based wearable company focusing on smartwatches for kids, has filed an application with the FCC for a new smartwatch and listed Tesla as being involved in the project.

In an application to keep aspects of the project confidential, the company listed Tesla Motors in the filling:

The XPLORA Technologies AS, the undersigned, hereby authorizes Mr. Wu Xuewen from Shenzhen BALUN Technology Co., Ltd., to act on the behalf of the XPLORA Technologies AS solely in matters relating to the application for an FCC equipment authorization for FCC ID: 2AVMJX5P including the signing of documents in connection with this Application. Necessary acts carried out by Shenzhen BALUN Technology Co., Ltd. in connection with the Application shall have the same effect as acts of the Tesla Motors, Inc.

The connection was first spotted by My Healthy Apple.

Heres the authorization letter in full:

What is unclear is why Tesla would be involved in such a project.

In particular, they are seeking FCC approval for the use of connectivity on their X5 Play/ X5 Play eSIM smartwatches that has been built to track the activities of kids and allow them to send voice messages and pre-defined text messages.

Its hard to believe that Tesla would get involved in smartwatches for kids, but there could be a few possible explanations.

First off, Tesla might have acquired Xplora Technologies explaining why it is mentioned in the filling.

It might have acquired the company for its employees, but then it would be strange for them to still apply for FCC approval, which would aim to launch the product in the US.

Therefore, its possible that Tesla is actually looking to use the Xplora smartwatch platform.

We have seen that third-party app developers have made Apple Watch apps to control Tesla vehicles using smartwatches.

With Tesla moving to using phones instead of key fobs for Model 3 and Model Y, its possible that Tesla is looking to offer a smartwatch as an optional key.

What do you think? Let us know in the comment section below.

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Rivian fires back at Tesla in lawsuit, accuses automaker of attempting to malign its reputation – TechCrunch

Rivian has asked a judge to dismiss a lawsuit filed by Tesla, arguing that two of the three claims in the case fail to state sufficient allegations of trade-secret theft and poaching talent and instead was an attempt to malign its reputation and hurt its own recruiting efforts.

One remaining claim of breach of contract against four former Tesla employees was not included in this filing asking for demurrer or a dismissal because they do not relate directly to Rivian. Its still possible that lawyers representing those former employees will make a similar argument.

Tesla did not respond to a request for comment. TechCrunch will update the article if the company responds.

In July, Tesla filed a lawsuit against Rivian and four former employers on claims of poaching talent and stealing trade secrets. Specifically, Tesla claimed that Rivian instructed a recently departed Tesla employee about the types of confidential information it needed.

Rivian said in its August 10 filing with the California Superior Court in Santa Clara that it has rigorous policies and procedures to make sure it does not obtain confidential information from other companies when on-boarding employees. Rivian said none of the alleged trade secrets in Teslas complaint have been located at Rivian or on any of its systems.

Rivians main argument is that Tesla failed to state facts sufficient to constitute cause of action. That legalese essentially means that the claims Tesla made arent sufficient to justify a right to sue. Rivian argues that Tesla is using speculation, not facts, for the basis of its lawsuit.

In particular, the Court should not credit as true speculation of the kind scattered throughout Teslas complaint, Rivian said in the filing.

Rivian didnt just dispute Teslas complaint, it pushed back harder with its own claims of impropriety.

Lawyers representing Rivian argued that Tesla didnt file the case to defend or protect legitimate intellectual property rights, but instead used in improper and malicious attempt to slow the companys momentum and attempt to damage its brand. The filing also claimed that Tesla used the lawsuit to scare its own employees from leaving the company.

Unfortunately, maligning Rivian was not Teslas only ulterior motive. Rather, it crafted its complaint to achieve second improper purpose namely to send threatening messages to its own employees: dont dare leave Tesla. Understanding that the strong public policy favoring employee mobility in California restricts the use of non-compete contracts, Teslas complaint seeks to punish four of its former employees for leaving Tesla and joining the Rivian team.

The response also questioned the timing of the lawsuit, which was filed soon after Rivian announced it had raised $2.5 billion in a round led by funds and accounts advised by T. Rowe Price Associates Inc.

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Rivian fires back at Tesla in lawsuit, accuses automaker of attempting to malign its reputation - TechCrunch

Winning the electric car race is just the beginning of Elon Musk’s plan for Tesla – Business Insider – Business Insider

The idea that automakers are racing to commercialize electric cars and that one or some of them will come out on top has always been flawed.

For starters, the auto industry is huge: More than a billion passenger vehicles are roaming the planet, with another 80 million or so joining them every year.No single victor could satisfy that level of demand.

This was obvious even in the early days of the auto industry, when scores of carmakers, engine-makers, and coachbuilders were competing to put Americans and Europeans behind the wheel. Yes, there were obvious winners and losers: Henry Ford captured a huge amount of market share early on with his Model T, then General Motors grew itself into a competitor and took the lead. But more than a century on, both are carrying on, more or less fine.That's not how races work.

In the 20th century, plenty of other famous names got in on the action. Vanished marques, such as Studebaker and Nash. Mid-century upstarts like Chrysler. The Europeans were always a factor: Mercedes, BMW, Fiat, Ferrari, Rolls-Royce, Aston Martin, Rover, Vauxhall, Renault, Citron. Mighty Volkswagen. After World War II, a surge of Japanese nameplates rolled in: Toyota, Honda, Mitsubishi, Nissan, Mazda, Subaru.

The point is that on a planet populated by billions of people, a significant percentage of whom aspire to personal mobility, you need a lot of automakers to satisfy demand and to share the risks of trying to meet it.

That was the internal-combustion era, however. Which still makes up roughly 98% of the global market. Meanwhile, on the electrified front 2% of worldwide sales there's already a clear winner: Tesla.

A single statistic tells the story. Nissan's Leaf, an EV that arrived in 2010 before Tesla's Model S followed in 2012, had sold just over 400,000 units, all time. Tesla is now closing in on a million, for the five vehicles it has marketed since its founding (the original Roadster, Model S, Model X, Model 3, and Model Y).

Tesla has a near-monopoly of a tiny market, then. The race, such as it is, has ended, and Tesla can declare victory. But here's the thing: CEO Elon Musk knows the race is the wrong narrative, the one that doesn't matter. Here's why:

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Winning the electric car race is just the beginning of Elon Musk's plan for Tesla - Business Insider - Business Insider

Cramer Says These 10 Stocks Need To Follow Tesla, Apple’s Lead And Split – Benzinga

A stock split doesn't change a company's fundamentals in theory, but the move will attract retail investors who were otherwise limited to low-dollar stocks, CNBC's Jim Cramer said Wednesday on his "Mad Money" show.

New 'Cohort Of Investors': Apple Inc. (NASDAQ: AAPL) CEO Tim Cook and Tesla Inc (NASDAQ: TSLA) CEO Elon Musk got it right when they announced their respective stock splits, Cramer said.

The stock "price tag matters" with the young generation, and companies need the young demographic investor group to be counted as shareholders, the CNBC host said.

"We know what happens after the split," he said. "This new cohort of investors, the ones who love low-dollar amount stocks, will start buying and holding these best-of-breed names rather than the darned penny stocks."

Mega-cap companies are "ignoring" the small investor, and Cramer saiddoing so is a mistake. After all, retail investors are often "more stable shareholders" compared to hedge funds that are known for offering "no loyalty," he said.

10 Stocks To Split: Cramer's list of 10 stocks that should be split to attract a broader investor base includes:

E-commerce and retail giant Amazon.com, Inc. (NASDAQ: AMZN).

Google and YouTube parent company Alphabet Inc (NASDAQ: GOOG) (NASDAQ: GOOGL).

Casual fast food chain Chipotle Mexican Grill, Inc. (NYSE: CMG).

Streaming video company Netflix Inc (NASDAQ: NFLX).

Chip maker Nvidia Corporation (NASDAQ: NVDA).

Fast growing cloud play Adobe Inc (NASDAQ: ADBE).

Wholesaler Costco Wholesale Corporation (NASDAQ: COST).

Home improvement retailer Home Depot Inc (NYSE: HD).

Social media giant Facebook, Inc. (NASDAQ: FB).

Tech giant and cloud company Microsoft Corporation (NASDAQ: MSFT).

Related Links:

Apple Shares Breach $400 After Tech Giant Announces Record Quarter, Stock Split

Musk Always Cared About 'The Little Guy' And Tesla Stock Split Shows That: WSJ's Higgins

2020 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.

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Cramer Says These 10 Stocks Need To Follow Tesla, Apple's Lead And Split - Benzinga

Stocks making the biggest moves after hours: Tesla, Eastman Kodak, Shutterstock and more – CNBC

CEO of Tesla Motors Elon Musk reacts following the company's initial public offering at the NASDAQ market in New York June 29, 2010

Brendan McDermid | Reuters

Check out the companies making headlines after the bell:

Tesla The electric automaker jumped 7% in after hours trading after announcing a five-for-one stock split.Trading will begin on a stock split-adjusted basis onAugust 31, the company said.Theoretically, the move could mean more smaller investors could afford the stock, but nothing changes fundamentally about the security.

Eastman Kodak Shares of the camera company popped nearly 7% in after hours trading on Tuesday following its quarterly earnings. Kodak said although the Covid-19 crisis affected its second quarter volume sales, the company expects "improvement in bothsales volumes and working capital in Q3." Kodak's revenue was down in the second quarter from a year ago.

Super Micro Computer Shares of the computer company dipped 6% in after hours trading after issuing weak current quarter earnings guidance. Super Micro Computer expects to earn between 10 and 35 cents per share, which FactSet estimates were calling for earnings of 56 cents per share.

Viavi Solutions Shares of the IT services provider rose 2% after the closing bell on Tuesday following its better-than-expected quarterly earnings. The company reported non-GAAP earnings of 18 cents per share, while analysts polled by FactSet were expecting 13 cents per share. Revenue also topped estimates.

Vir Biotechnology Shares of the biotechnology company jumped nearly 3% in extended trading on Tuesday following its second quarter earnings report. The company reported a loss of 27 cents per share, compared to a loss of $3.64 per share a year ago.

Shutterstock Shares of Shutterstock rose slightly in extending trading on Tuesday following its 14.5% drop during the session. The stock fellafter announcing a $250 million public offering of stock after the bell on Monday. The filing said $200 million of the share were sold by founder Jon Oringer.

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Stocks making the biggest moves after hours: Tesla, Eastman Kodak, Shutterstock and more - CNBC

Zin Boats reinvents the electric speedboat in a bid to become the Tesla of the sea – TechCrunch

The automotive industry is knee deep in the vast transition to electric, but one place where gas is still going strong is out on the water. Seattle startup Zin Boats wants to start what you might call a sea change by showing, as Tesla did with cars, that an electric boat can be not just better for the planet, but better in almost every other way as well.

With a minimalist design like a silver bullet, built almost entirely from carbon fiber, the 20-foot Z2R is less than half the weight of comparable craft, letting it take off like a shot and handle easily, while also traveling a hundred miles on a charge and you can fill the tank for about five bucks in an hour or so.

Waiting for the other shoe to drop? Well, it aint cheap. But then, few boats are.

Piotr Zin, the companys namesake, has been designing racing sailboats for 20 years, while working in industrial design at BMW, GM and other major companies. Soon after settling down on a houseboat on Seattles Lake Union, he realized that the waterways he had enjoyed his whole life might not exist for the next generation.

(Disclosure: Zin actually moved in next door to my mother, and I happened to find out he was working on this while visiting her.)

The reason I started working on electric boats specifically is because I had a kid, and I had a come to Jesus moment, he told me. I realized: If were not going to do something personally about the quality of the water we live in, its not going to be here when my kid is my age.

Traditional gas-powered boats are very much a product of the distant past, like running a 70s-era car half underwater. Surprisingly, electric boats are equally old. Like electric cars, they enjoyed a brief vogue in the early 20th century. And likewise they were never considered viable for real boating until quite recently.

Image Credits: Zin Boats

Like most things, it comes down to physics: The power required to move a boat, versus the power to move a car, is absolutely enormous, Zin explained. Its like driving a car in first gear at full throttle all the time.

That level of draw limited electric boats to being the aquatic equivalent of golf carts in fact, carts and some of the more popular old-school electric boats share many components. If youve ridden in one, it was probably a Duffy, which has made models for puttering around lakes at 3-4 knots since the 60s. Perfectly pleasant, but not exactly thrilling.

Considering traditional boats fuel efficiency and the rising price of marine gas, going electric might save a boat owner thousands every year. (Maintenance is also practically non-existent; Zin advised hosing it down once in a while.)

But its also more than capable of going extremely fast.

The top speed is way over 30 knots, Zin noted. We tested this boat to 55, but decided not to sell that to people. Its just insane.

Having ridden in it myself, I can confirm that the Z2R really jumps off the line in a level-bottomed way that, compounded by its near silence, seems impossible. Just as Teslas consumer sedans compete with Lamborghinis in 0-60 times, the instantaneous response is almost frightening.

The boat was designed around the battery. The unique part of using an electric system is we can put the motor anywhere we want, Zin said. By sitting it flat on the bottom, the center of gravity is lowered and weight distribution evened out compared to most speedboats. You look at a lot of traditional boats builds, they kind of cram everything in the back. Then when you put the hammer down, you cant see anything for five seconds. In this boat, theres no bow rise it sits flat.

Image Credits: Zin Boats

Being so level means theres almost no risk of overturning it, or many of the other failure modes resulting from lopsided designs that misbehave at speed. Simplicity of operation and surprising performance seem to be a family characteristic of electric vehicles.

Boat building is a very traditional business. Most builders arent about innovation, theyre about this is how we do it. Zin said. But theres a huge advantage in being able to use these tools. The computing power that we have in video cards just in the last few years, mainly because of the gaming industry, has pushed whats possible further and further.

Previously, large computational fluid dynamics suites would have users submit their parameters and pick a few milestone speeds at X thousand dollars per data point 10 knots, 20 knots, etc. The way the water would react to the boat and vice versa would be calculated at those speeds and extrapolated for speeds in between. But with increases in computing power, thats no longer necessary, as Zin ended up proving to a commercial CFD software provider when he used a separate compute stack to calculate the waters behavior continuously at all speeds and in high definition.

Right now you can run the boat [in the simulation] at any speed you want and see the way the water will spray, including little droplets. And then you can tweak the shape of your hull to make sure those droplets dont hit the passengers, he said. Its not exactly the way most boat designers would do it. So utilizing high-end software that was not really being given its full potential was amazing.

Building practically everything out of carbon fiber (an ordeal of its own) puts the whole boat at around 1,750 pounds normally a 20-foot boat would be twice that or more. Thats crucial for making sure the boat can go long distances; range anxiety is if anything a bigger problem on the water than on the road. And of course it means its quick and easy to control.

Image Credits: Zin Boats

Yet the boat hardly screams speed. The large open cockpit is flat and spacious, with only a steering wheel, throttle and screens with friendly readouts for range, media controls GPS and so on. Theres no vibration or engine roar. No aesthetic choices like stripes or lines suggest its explosive performance. The wood veneer (to save weight and its tuned to the speakers to provide better sound) floor and cream leather upholstery make it feel more like a floating Mercedes.

Thats not an accident. Zins first customers are the type of people who can afford a boat that costs $250,000 or so. He compared it to Teslas Roadster: A showy vehicle aimed at the high end that will fund and prove out the demand for a more practical one an open-bow tender model Zin is already designing that will cost more like $175,000.

The target consumer is one who has money and an eco-conscious outlook either of their own or by necessity.

There are a lot of inquiries from Europe, where the environmental restrictions are stricter than in North America. But we also have a number of pristine lakes that are electric-only for the purpose of keeping them clean, Zin explained. So if you live on a lake in Montana thats electric-only, you have the option to go at five knots, and you cant even cross the lake because the boat is so slow or you can have a fully functional powerboat that you can water ski behind, the same speeds you get in a gas power boat, but its absolutely emissions free. I mean, this boat is as clean as it gets theres zero oil, zero gasoline, zero anything that will get into the water.

It really made me wonder why the whole industry didnt go electric years ago. And in fact there are a few competitors, but they tend to be even more niche or piecemeal jobs, mating an electric engine to an existing hull and saying its an electric boat that goes 50 knots. And it does for five or 10 minutes. Or there are custom boat builders who will create something quite nice for a Zin-type customer head on over to Monte Carlo and buy one at auction for a couple million bucks.

Image Credits: Zin Boats

Zin sees his boat as the first one to check every box and a few that werent there before. As fast as a powerboat but nearly silent; same range but a fraction of the price to get there; handles like a dream but requires practically no maintenance. Its as smart as the smartest car, limiting its speed based on the waterway, automatically adjusting itself to stay within range of a safe harbor or charger, over-the-air updates to the software anywhere in the world. I didnt even get a chance to ask about its self-driving capabilities.

As a first-time founder, a technical one at that, of a hardware company, Zin has his work cut out for him. Hes raised seed money to get the prototype and production model ready, but needs capital to start filling his existing orders faster. Like many other startups, he was just gearing up to go all out when the pandemic struck, shutting down production completely. But theyre just about ready to start manufacturing again.

Image Credits: Zin Boats

I realized that there isnt such a thing as a boat company any more, said Zin. Part of what we do is to build that shell that holds everything, and it happens to be moving through the water, which makes it a boat, but thats really where the boating part of it ends. Its really a technology hub, and my company is not just a boat company, it has to be a technology company.

He said that his investors understand that this isnt a one-off toy but the beginnings of an incredibly valuable IP that well, with Teslas success, the pitch writes itself.

We dont only have a plan like, just make one really fast boat, Zin concluded. We know what we want to do with this technology right now, we know what were going to do with this technology in 24 months, and 48 months; I wish I could show you some of this stuff. Its tough, and we need to survive this year, but this is just the start.

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Zin Boats reinvents the electric speedboat in a bid to become the Tesla of the sea - TechCrunch

Was It Teslas Collision Avoidance System That Prevented This Crash? – CarScoops

The driver of a Tesla in the United States claims the cars collision avoidance system saved him for a potentially dangerous crash.

This short dashcam video was posted on YouTube and quickly shared on social media. No mention is made about whether the near-miss involved a Model 3, a Model S, or a Model X.

Regardless of the specific Tesla model, the dashcam video shows the EV driving on a four-lane road and sitting in the right lane. As the driver approaches an intersection, a black pickup truck starts to make a left-hand turn. Out of nowhere, a silver sedan appears from in front of the pickup and turns to the left, directly into the path of the Tesla which, thankfully, brakes instantly and then aggressively swerves to the left, thus avoiding crashing into the sedan.

Watch Also: Nissan Sentra Slams Into A Tesla Model X Waiting At A Red Light

The uploader of the video, and owner of the Tesla, claims that his wife was driving and the near-miss happened at 55 mph (88 km/h). Not only does the EV appear to be driving slower than 55 mph, but were also skeptical it was the cars collision avoidance system that swerved so aggressively to the left. We also have a suspicion the owner may be hoping the video attracts quite a lot of views, hence why they added their Tesla referral code in the description.

There have been other videos from Tesla owners uploaded to YouTube in recent months allegedly showing the EVs collision avoidance systems swerving around objects in the road without any input from the driver. Some of these videos have gone viral, and while Tesla fans are a very enthusiastic bunch, many owners claim that Teslas simply cant avoid obstacles that way.

All that said, what do you think?

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Was It Teslas Collision Avoidance System That Prevented This Crash? - CarScoops

Following Tesla’s Playbook, Volkswagen Will Develop and Test Electric-Vehicle Batteries in the U.S. – Motley Fool

Taking a page from Tesla's playbook, Volkswagen (OTC:VLKA.Y) said that it plans to begin developing electric vehicle batteries -- including battery cells -- at its site in Chattanooga, Tennessee.

The German auto giant said that it will soon break ground on a new high-voltage laboratory for its engineering center in Chattanooga. The laboratory, which is expected to be up and running in the second quarter of 2021, will be tasked with developing and testing electric vehicle cells and battery packs for several upcoming Volkswagen electric vehicles aimed at the U.S. market.

Volkswagen's new lab will develop and test batteries for the company's upcoming U.S.-built electric vehicles, including the production version of the I.D. Buzz show car. Image source: Volkswagen AG.

The new laboratory will include equipment needed to test prototype electric-vehicle battery packs under high pressures, at temperature extremes, and under simulated rough-road conditions, the company said.

"There are two ways that auto companies approach the development of electric vehicle batteries," said Wolfgang Maluche, Volkswagen's U.S. engineering chief. "A lot of them will farm out the development and testing of batteries to another company, and some will actually do the work of developing and testing in-house."

"We are doing the latter," Maluche said.

While Volkswagen will develop and test its own batteries in-house, it won't follow Tesla in manufacturing battery cells itself. The cells for U.S.-made VW electric vehicles will be manufactured by Korean battery specialist SK Innovation at a new factory in Commerce, Georgia.

Volkswagen said last year that it will invest $800 million to build a new electric vehicle, believed to be the production version of the I.D. Buzz show car, at the Chattanooga factory beginning in 2022.

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Following Tesla's Playbook, Volkswagen Will Develop and Test Electric-Vehicle Batteries in the U.S. - Motley Fool

Johnny Cash’s ’70 Rolls-Royce Converted into a Stealth Tesla – Car and Driver

John Friedlander/Shift EV

As the man himself said, if you're gonna buy yourself a new car, you just better hope you're lucky enough to get one made on Wednesday. Failing that, perhaps you'll be lucky enough to get one converted to electric power.

Yes, a classic long-wheelbase 1970 Rolls-Royce Silver Shadow once owned by Johnny Cash is back on the road with a new, zero-emission spirit, as first reported by Digital Trends. When the Rolls's powertrain reached its end after 130,000 miles, its owner decided to convert the Man in Black's ride (well, one of them, anyway) into an EV using a Tesla Model S as a donor vehicle. The work was done by Shift Electric Vehicles of Albany, Oregon, which has been converting cars to electric power since 2009. The company mostly works on classic cars and hot rods, so this was an ideal pairing for both company and car. Shift EV has worked on other unusual conversions like the record-setting Streamliner, a 1904 Electric Woods Road Wagon, a 1978 Porsche 911, and a helicopter. Yes, a helicopter.

Shift Electric Vehicles

Given Shift EV's history, it should not come as a surprise that the people involved were able to avoid some of the problems that might have bedeviled less-experienced conversion mechanics. For example, on a short project rundown on the company blog, they mention that the donor EV was a 2016 Model S with a 75.0-kWh battery pack. That's key because Shift EV knew the lump in the pack would be easy to modify and fit better in the Rolls, since that part of the pack was not full of batteries. The pack would hang down below the Rolls, but some things couldn't be avoided. And anyway, there would be more than enough ground clearance to make it work.

Shift EV founder Kirk Swaney told Digital Trends that the anonymous Rolls owner asked Tesla if it would do the conversion, but the offer was declined. Shift EV did not respond to Car and Driver's request for more details about the conversion, but they do write on their blog that they will publish more information in the future, "drawing from the thousands of build pictures, some video, and the endless challenges that had to be overcome."

John Friedlander/Shift EV

There were plenty of these difficult choices to make during the restoration, like where to put the big Tesla infotainment screen (answer: the trunk, to keep the Rolls's interior looking as original as possible) and how to get the original steering wheel to work with Tesla's modern controls. We look forward to learning more about them whenever Shift EV is ready to share.

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Johnny Cash's '70 Rolls-Royce Converted into a Stealth Tesla - Car and Driver

When Will Tesla Be Added to the S&P 500? – TheStreet

By posting a second quarter profitin late July, Tesla(TSLA) -Get Reportbecame eligible for inclusion in the massive S&P 500 index. But weeks have passed and TSLA hasn't been added, leaving one question echoing around Tesla's corner of the internet: when will Tesla be added to the S&P 500?

First, it is important to remember that changes to the index are made by the S&P 500 selection committee, and while there are guidelines like profitability, they are only guidelines and are subject to change at the discretion of the committee.

"Unlike many other S&P Dow Jones Indices and the majority of indices offered by other index providers, there are no rigid or absolute rules for the S&P 500; the Index Committee have some discretion in selecting stocks or responding to market events," said former committee Chairman, David Blitzer, in a 2014 post.

So there is no guarantee Tesla will be added this quarter, or ever for that matter. For example, maybe the index committee would prefer to wait until Tesla is showing consistent profits without reliance on regulatory credit sales.

If we assume the committee does want to add Tesla, looking at historical changes to the index may give us some clues on timing. Here are key dates for each company added since 2017, further explained below:

From the table, we can see that on average, the announcement of inclusion happened 43 days after these companies' last earnings report, and 39 days after their last quarterly or annual filing. However, because the S&P 500 is a large-cap index, most companies are not added due to achieving profitability for the first time. Generally they are added because their market caps have grown sizable enough to warrant their addition.

TSLA's market cap has been large enough to warrant inclusion for a long time, but the company didn't have the profitability. Only two other companies seem to have been included due to achieving profitability in the quarter before their addition to the index, Twitter and ServiceNow. These companies were announced 32 days and 25 days, respectively, after their quarterly filing.

Tesla published their second quarter 10-Q filing on July 28th. Using Twitter and ServiceNow as benchmarks could suggest an inclusion announcement for Tesla around August 25th. Using the average from all companies would suggest sometime around September 4th.

If we use the total dataset, understanding its imperfections, announcements do seem to appear slightly before the midpoint of the quarter, but there is a lot of variance and announcements can happen at any time. The following chart shows the distribution of inclusion announcements from the time of their last filing, separated in to ten day buckets.

More announcements occur in the first 0-60 days than after 60 days, but the distribution from 0-60 days is relatively even.

There has been speculation that the committee may wait until September due to their quarterly rebalancing meeting that month. Historically, this has seemed to play a role in the first half of the year but not so much in the second. Still, September may be a bit more likely for this reason.

Some have questioned if a particular day of the week is more likely for an announcement to occur. Here is a distribution of the announcements by day of the week. No announcements have happened on weekends.

Distribution by day is relatively consistent, with Friday being most likely and Tuesday being least likely. Generally, changes to the index are announced at 5:15 pm Eastern Time on S&P Global's announcement page. On occasion, some changes have been announced later in the day.

For more analysis, including relative performance of stocks added to the index, please see the included video.

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Disclosure: Rob Maurer is long TSLA stock and derivatives.

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When Will Tesla Be Added to the S&P 500? - TheStreet

Tesla Haters Need New Lines of Attack if They Want to Keep Betting Against the Stock – Barron’s

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Tesla is a stock that carries wildly divergent opinions between bulls and bears. Despite the companys recent successes, hedge fund manager and longtime Tesla bear David Einhorn is still bearish. And he isnt the only one looking for points of attack.

To quantify the divergence, Wall Street analyst price targets for Tesla shares (ticker: TSLA) range from GLJ Research analyst Gordon Johnsons $87 to Piper Sandler analyst Alexander Potters $2,400. The plus-$2,300 bull-bear spread is more than 150% of the current stock price and almost four times as wide as the average bull-bear spread for stock in the Dow Jones Industrial Average.

Whats more, only six of 36 analysts rate shares Buy and 15 rate shares Sell. The average Buy-rating ratio for stocks in the Dow is about 55%. The average Sell-rating ratio is about 7%. More than 40% of analysts covering the company rate shares Sell. Thats pretty high.

Einhorn has traded barbs with Tesla CEO Elon Musk over Twitter (TWTR). And in his recent Greenlight Capital investor letter, he says that Tesla vehicles have had reports of unintended acceleration.

The reports arent new and must be balanced by reports that Teslas autopilot software has recorded one accident per 4.5 million miles driven. The U.S. average is one accident per roughly 500,000 miles. Also, the Tesla Model 3 earns a 5-star safety rating from the Insurance Institute for Highway Safety and is classified as a 2020 top safety pick.

Tesla wasnt immediately available to comment about any of the recent safety reports.

In addition to Einhorn, David Trainer, CEO of New Constructs, an investment research firm, said in a Wednesday report that Tesla is the most dangerous stock of 2020. Trainer thinks the shares could hit $250 to $300 as traditional auto makers introduce more electric vehicles.

The threat of new competition also isnt new and, indeed, most auto makers have EV models planned. It isnt certain, however, that more EVs will be bad for Tesla. Electric cars represent roughly 2% of global sales. That has to be closer to 50% in about a decade for Tesla stock to keep gaining. No one on Wall Street assumes Tesla will represent a majority of EV sales far into the future. The industry transition to electric powertrains can be a good thing for all EV makers.

Einhorn and Trainer arent the traditional Wall Street analysts that publish research on Tesla stock. Neither is Gary Black, a former Wall Street analyst and fund manager, who posted the Greenlight letter in a tweet. (Greenlights second-quarter letter is available to review through multiple outlets.) He is a Tesla bull and thinks shares can finish the year north of $1,800. Black is banking on the stock being added to the S&P 500 index, and positive reaction to Teslas September battery technology day, to be catalysts for the stock in coming months.

Tesla qualified for S&P 500 inclusion after reporting another GAAP profit in its most recent quarter. GAAP is short for generally accepted accounting principles.

Whatever happens, Tesla will continue to be a much-debated stock. Stocks with eye popping gains tend to be that way. Tesla stock is up roughly 250% year to date and 550% over the past year, far in excess of comparable returns of the S&P 500 and Dow Jones Industrial Average over the same spans.

Tesla stock is off 0.1% to $1,483.47 in Thursday trading.

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

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Tesla Haters Need New Lines of Attack if They Want to Keep Betting Against the Stock - Barron's

Does This Guy Really Gas Up His Tesla Model S To Extend Its Range? – InsideEVs

What do you do when your Tesla Model S fully depletes its battery and you need to extend its range? You ask for some gas, right? That's the strange thing you'll see here, but there's a twist.

Right away we know that's there's something fishy about this video. Why? Well, the license plate on the Tesla appears to be the same as the one we saw in a recent Tesla gas station prank video. That caught our attention, but we still decided to watch the video.

In the video, you'll see a Tesla stopped on the side of the road. A car pulls up behind it and the driver of the Tesla asks the occupants of the other car for some gas. The occupants of that car seem a bit confused, as they're mostly aware that Tesla's are electric and don't use gas.

Regardless, the Tesla driver insists he need some gas and the friendly guy in the other car obliges and pulls a gas can out of his trunk (seems convenient to have one on hand, right?). The gas can appears empty though, or at least it's quite spillproof and very light.

The Tesla driver tanks the gas tanks and proceeds towards his car. He pops the charge port open, but that's not where he's gonna put the gas. Instead, he opens the trunk and within lies a fancy Honda generator. He apparently needs the gas for this so that he can use the generator to charge up his Tesla so that he can make it to the nearest gas (whoops - charging) station.

Yes, it's all a joke, but well played with the generator that we honestly didn't see coming. We figure the Tesla driver would attempt to pour the gas into some orifice on the Tesla, but nope, it's for the generator.

We've grown accustomed to these videos where someone is trying to gas up a Tesla. To the best of our knowledge, everyone to date has been setup, staged or faked. We're not aware of one single such incident in which the driver of the Tesla truly thought the vehicle ran on gas. So yes, these are done for the humor and to perhaps try to convince some that the act of gassing up a Tesla is indeed something that some Tesla drivers try to do.

But you won't believe what has been done with gas before and this one, to the best of our knowledge, is not a fake.

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Does This Guy Really Gas Up His Tesla Model S To Extend Its Range? - InsideEVs

Inside the industry: How selling emissions credits helps Tesla grow – Autocar

Hidden in whatyou might call the small print, were it not such a large number, of Teslas recent Q2 financial report were the latest figures highlighting its income from selling emissions credits to rival car makers: $428 million, or 7% of the companys revenue.

The moral standpoint of these credits is hotly debated. They work in a variety of ways, such as car makers with emissions below the mandated target selling them to car makers above the target, or car makers with zero-emissions capability selling them to car makers without it, allowing them to then sell cars in various US states, including California.

These credits have played a crucial role in Teslas against-all-odds growth. Its net profit for the Covid-19-afflicted quarter running from March to June was $104m, and without the credits, it would not have recorded accounting profitability across the past 12 months, a milestone that unlocks a variety of potential benefits for the firm, not least increased standing in the all-important investor circles, where even the most conservative of commentators can now justify getting a bit giddy. An operating margin of 5% okay in car industry terms would be a perilous 1% without them.

The estimate is that Tesla will earn more than $1 billion from these credits in 2020 alone, and while senior executives concede that they are staring down the barrel of a decreasing income stream as rivals get their acts together and launch some BEVs of their own, the rate at which Tesla is earning has so far kept accelerating. Its a lucrative if unpredictable income stream currently enjoying exponential growth: in 2018 Tesla earned $419m from them and in 2019 $593m.

Who is buying the credits, and what they are paying, is hidden mostly in opaque accounting. Of everyone, Fiat Chrysler Automobiles is the most open because of its ownership structure, so it is on record that FCA has a deal to buy $1.1bn of credits through to 2023. Court filings last year revealed that GM, which has its own EV capability with the Bolt, is also a customer.

However, one CEO, well known for being brilliantly connected and with recent experience of mainstream premium brands, recently told Autocar that almost every car maker is buying credits in some form, but we dont have to declare it.

None of this is Teslas fault, of course. Indeed, a fair mind can only give credit where it is due. But when its cheaper to pay a competitor than build cars to meet regulations, you have to wonder if the system itself is fit for purpose.

READ MORE

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Inside the industry: Tesla's success starts on the playground

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Inside the industry: How selling emissions credits helps Tesla grow - Autocar

GMs Cadillac Is Coming for Tesla. The Lyriq Is on the Way, – Barron’s

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The 111-year-old General Motors is serious about a future with all electric vehicles, and about making sure Tesla, the husky teenager on the automotive block, doesnt shove it into the shadows. GM launched its electric Lyric Cadillac SUV Thursday evening.

It feels a little odd to say General Motors (ticker: GM)a firm selling millions of cars generating hundreds of billions in salesis coming for Tesla (TSLA)a company selling hundreds of thousands of cars generating tens of billions in sales. But thats automotive reality these days.

Tesla, including stock-market value and debt, is valued at roughly six-times more than GM. The traditional industry is chasing the EV upstart. Volkswagen (VOW. Germany) management suggested recently that Teslaor, perhaps, Volkswagencould become the largest company in the world in the coming decade as autonomous driving, software, and electrification come to define the driving experience.

GM would like to be included in that conversation. The Lyriq will be available in late 2022 and boasts fast charging and a range of 300 miles per charge. Lyriq will start at about $70,000.

Led by Lyriq, Cadillac will redefine American luxury over the next decade with a new portfolio of transformative EVs, said GM North America President Steve Carlisle in the companys news release. We will deliver experiences that engage the senses, anticipate desires and enable our customers to go on extraordinary journeys.

Its an attractive vehicle. The comparable Tesla Model X gets 300 to 350 miles per charge, depending on battery configuration. A Model X starts at about $80,000; sales started in 2015. .

GM also boasted the ability to deliver truly hands-free driver assistance. That is presumably similar to Teslas autopilot, which comes as an upgrade on all Tesla vehicles.

Investors have to decide how not only which vehicle is better, but how fast electric vehicles will penetrate the overall car market. More EVs are coming from myriad auto makers. And traditional car companies, such as GM, have to manage converting legacy gasoline-based sales to battery-powered vehicles. Tesla, of course, only makes electric vehicles.

The market, at this point, is betting Tesla will be a long-term winner in the EV wars. Tesla stock is up 256% year to date, far better than comparable returns of the S&P 500 and Dow Jones Industrial Average as well as its automotive peers. GM stock is down about 27% year to date. Volkswagen shares have fallen about 17%.

Recent gains have made Tesla the worlds most valuable car company.

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

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GMs Cadillac Is Coming for Tesla. The Lyriq Is on the Way, - Barron's

Shares of electric vehicle makers Nio and Nikola could be a better bet than Tesla, traders say – CNBC

Two electric vehicle stocks are catching up to Tesla. Nio and Nikola shares have been speeding higher.

Both have kept up to Tesla's more than 200% rally in 2020. Nikola surged another 22% on Monday after catching a buy rating from Deutsche Bank heading into its earnings after the bell Tuesday. Nio gained 14% on Monday after reporting a 322% increase in July deliveries.

Boris Schlossberg, managing director of FX strategy at BK Asset Management, said the electric vehicle group remains too speculative to make a solid bet. Still, he does see one name emerging as a true rival to Tesla's dominance.

"Nikola is the first real interesting competitor to Tesla, because it's providing the first true value proposition with a 600-mile range and the ability to essentially create a power plant out of its truck for a lot of the construction industry. So to me, the big question is if Nikola can deliver even 70% of what it promises, I think it becomes an interesting viable competitor," Schlossberg said Monday on CNBC's "Trading Nation."

Deutsche Bank said it is looking to hear what the company says in its earnings conference call about how many customers it has attracted for its pickup truck. The firm gave a short-term catalyst buy call on the stock, though kept a long-term hold rating.

Ari Wald, head of technical analysis at Oppenheimer, sees better opportunity in Chinese EV maker Nio.

"The stock has consolidated since peaking in July and I think this consolidation, it's allowing previously overbought conditions to recede," he said in the same "Trading Nation" segment. "It's allowing the moving averages to catch up to the price and I think what you're going to see is a resumption of the uptrend."

Nio has raced from a low of $2.11 in March to a high above $16 in mid-July. Since that peak, it has fallen back below $14.

"In terms of trading levels, $10.46 cents is an important support level. That was the stock's July low. As long as the stock is above there, our assumption is that this is going to make a new high above that July peak," said Wald.

Nikola closed Monday's trading session at $36.49 a share. By contrast, Tesla closed at $1,485.

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Shares of electric vehicle makers Nio and Nikola could be a better bet than Tesla, traders say - CNBC

Anand Mahindra is impressed by this Honda powered Tesla – Livemint

The concept of 'jugaad' is not only limited amongst Indian masses. Anand Mahindra was left surprised when he came across a video of a Tesla owner using a Honda gasoline generator to charge his all-electric car. Anand Mahindra, chairman of the Mahindra Group, posted the video which has gone viral on social media wherein a Honda generator is being used to charge his Tesla car.

Mahindra shared the video and wrote, "And we thought jugaad was purely an Indian talent! Hilarious. A Honda-powered Tesla..."

The viral video shows a man using his innovative trick for charging his electric car through a gasoline-powered generator. The car owner explained the entire process of the charging innovation. The viral video also led to a war of arguments where people raised ethical questions about this 'jugaad.'

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Anand Mahindra is impressed by this Honda powered Tesla - Livemint

The perfect all-electric Ford Mustang is actually a souped-up Tesla – The Next Web

When American carmaker Ford announced that it was breathing new life into the Mustang name and resurrecting it in the form of an electric vehicle people were a bit miffed. Electric and Mustang they scoffed, those two words just dont go together!

Im not even going to touch the whole whats a Mustang badge doing on a crossover SUV conversation.

Bringing back iconic names is a bit on trend at the moment, Ford isnt alone in reviving a defunct name and reinventing it with more environmentally sound drivetrains. GMC is also bringing the Hummer name out of retirement and slapping it on the grille of an all-electric pickup truck.

[Read: Tesla launches car wrapping service because its colors are boring AF]

The thing with the Ford, though, is that the Mustang Mach-E bears virtually nothing in common with its spiritual grandparent. It just has a charging stallion on the front, and thats about it. If youre one of those cars looked better in the 60s people, then I might have the answer.

A boutique electric car startup from Russia, called Aviar, is working on a Mustang-styled concept thats built atop a Tesla Model S platform.

Called the R67, the modern take on the classic American muscle car has all the features youd expect. Its got a wide rear-end, its ridiculously fast in a straight line, and it makes no apologies about that fact.

According to Aviar, the R67 will do zero to 100 kph in 2.2 seconds, which will make any classic Mustang look like a shopping cart in comparison. Its also going to have a 100 kWh battery thats good for over 500 km of range. So youll be able to burn rubber, with a slightly cleaner conscience than if it were powered by a big block V8. (But please dont burn rubber, thats bad too.)

Note that this isnt some kind of restomod like the Jaguar XK120 I wrote about a few months back. Its an entirely new body built atop a Tesla Model S platform. It uses all of the Teslas drivetrain components, and most of the interior by the looks of things. The R67 spec list reads exactly like a Model S, so think of this as a Tesla thats actually interesting to look at and has character.

Im sure itd be enough to convince even the most hardcore of classic Mustang fans to give electricity a try. If not, Fords also showed off whats possible with electric drivetrains with an experimental race-edition Mustang that has seven motors!

Perhaps the best bit of all this, though, is that the car will be certified for use at Tesla Supercharger stations. Just imagine the heads youd turn arriving in the R67, and plugging in among the lineup of derivative T mobiles.

Theres no word on pricing yet, but I wouldnt expect this to come cheap.

The electrified Jaguar X120 which is part restoration and part modification, starts at around $200,000. Given that Aviar needs to acquire a Model S to build the R67, and those cost north of $82,000, I wouldnt be surprised if the Aviar R67 ended up selling for more than $300,000.

But hey, true style comes with a price tag.

This article is brought to you by Polestar. Its time to accelerate theshiftto sustainablemobility. That is why Polestar combines electric driving with cutting-edge design and thrilling performance. Find out how.

Published August 7, 2020 14:16 UTC

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The perfect all-electric Ford Mustang is actually a souped-up Tesla - The Next Web

Aviar R67 Is Russia’s Tesla-Based Ford Mustang With 840 HP – autoevolution

Blending features and styling from two very American icons, the Ford Mustang and Tesla, Aviar R67 aims to be the worlds first electrified muscle car. It uses the platform from Tesla Model S and design language from the unmistakable 60s Ford Mustang, to create a powerful machine that is as impressive in looks as it is in performance. On paper, for the time being.

I like the 60s, Aleksey Rachev, founder of Aviar Motors, says. By charisma and style, they have no equal. Their powerful and aggressive silhouette is really recognizable, and the appearance on the road always attracts admiring glances. [] We tried to catch the spirit of the legendary cars of the 60s and rethink it in a modern way.

This means taking the unmistakable design of the Mustangs of that time and packing it with tech from Tesla, to create the ultimate dream machine for todays generation. While there is little chance to mistake the exterior for anything else but a Stang, despite the Aviar logo on the grille, Tesla elements have seeped in on the inside most notably the large, central infotainment screen.

Its a tasteful blend of the two, at least from the available renders. But R67 promises to be even more impressive as regards performance.

With 840 electrified hp from two electric motors, R67 boasts a top speed of 250 kph (155 mp) and 0 to 100 kph acceleration (0 to 62 mph) in just 2.2 seconds. The 100 kWh battery is good for 507 km (315 miles) on a single charge, Aviar Motors says. R67 will be compatible with Tesla Superchargers.

I will not say we have made the best car in the world, but still as a tool for making a special mood, there is none even likely to it. None at all, Rachev says without false modesty.

Aviar Motors is currently working on a prototype of the R67, so there are concrete plans to bring it to market. As for the price tag it might come with, no word yet. But you can imagine it wont come cheap.

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Aviar R67 Is Russia's Tesla-Based Ford Mustang With 840 HP - autoevolution