Check Out This Tesla Model S With A Rotary Engine: First EV Converted To Rotary? – InsideEVs

This story began when Kyle Conner showed us a post from The Vehicle Finderon Facebook. No info, just images. Some of them just presented a Model S being apparently repaired, but then we saw the one you have above: the Tesla had an engine on its front axle. If you look closer, youll see it is a Mazda 13B rotary engine with a turbo helping it breathe. We had to find out more.

The guys at The Vehicle Finder were accommodating to point us in the right direction. The car is a work from Reuben Bemrose, a shop owner in New Zealand. Rs Garage once made headlines by putting a 13B on a Ferrari 456 body. There was a rumor that Ferrari threatened to sue him for that, but Bemrose denied this happened. He still has that sports car, apparently.

We have tried to contact him both in his personal Facebook profile and also on the garage page last August 2, but have not heard from him. His Instagram profile tells us a little more about the plans for this car.

From what this image shows, it seems that Bemrose bought the body of a Model S that suffered a front crash. In another Instagram post, he mentions that carrying it was interesting, as you can see below.

His Instagram description talks about his cars. Apart from the Ferrari, he also mentions a 17 Tesla P100D 13BPT. Thats undoubtedly his new project.

As soon as we saw the picture, we wondered if the idea is to make a range extender of some sort. Now that we know a little more about the guy behind the 13B conversion, we believe his goal is to create a fast combustion-engined car that looks like a Tesla.

If you know Bemrose, tell him we have sent him a message to learn more about the project. If it has no battery, as we are almost sure that is the case, our friends at Motor1.com would still be interested in talking about his future creation.

Source: The Vehicle Finder

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Check Out This Tesla Model S With A Rotary Engine: First EV Converted To Rotary? - InsideEVs

Here are Monday’s biggest analyst calls of the day: Nikola, Merck, Yum! Brands, Tesla & more – CNBC

Patrick T. Fallon | BLoomberg | Getty Images

(This story is for CNBC PRO subscribers only.)

Here are the biggest calls on Wall Street on Monday:

UBS upgraded the social media service company after its strong earnings report and said it sees several long-term positives for the stock including the "offline to online ad shift" among other things.

"While we think the Q2 report contains many positive rate of change narratives, our rating change to Buy is not short-term but longer in duration driven by key themes - PINS remains in a unique position at the intersection of two secular tailwinds: 1) the offline to online ad shift & 2) the blurring of lines between digital ad & eCommerce. In particular, our higher conviction in the monetization path is reflected in our raised multi-year revenue forecast."

Note: this call occurred after the bell on Friday.

Bernstein said in its upgrade of the stock that it's bullish on the upcoming 5G cycle and sees a more "positive" risk/reward.

"Given a cleaner outlook around customer and regulatory disputes, potential further upside from possible Huawei chip sales, accelerating economics as AAPL reenters the model, and subsequent potential for multiple expansion we judge QCOM's risk-reward to be more positive than it has been in a long time."

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Here are Monday's biggest analyst calls of the day: Nikola, Merck, Yum! Brands, Tesla & more - CNBC

Tesla Model Y drive, Fisker and VW, the potential of bi-directional charging: Today’s Car News – Green Car Reports

Volkswagen isnt yet saying yes to Fisker. U.S. city grids need some smart upgrades. Electricity could be the new currency of parking garages. And we take the Model Y for a drive. This and more, here at Green Car Reports.

The Tesla Model Y is going to be the benchmark for a generation of compact electric crossovers, including the Volkswagen ID.4, Ford Mustang Mach-E, and Volvo XC40 Recharge, among many others. One of our editors took the Model Y out for an afternoon drive to see what the buzz is all about.

Fisker has been seeking to use Volkswagens MEB platform for electric vehicles for the upcoming Fisker Ocean crossover. However negotiations with VW are now reportedly on pause according to an SEC document filed Friday.

A study from a Department of Energy lab suggests that if electric-vehicle adoption is strong, some U.S. cities grids might feel the squeeze from EVs unless they help enable smart charging and grid upgrades.

And could electricity from your electric vehicle serve as a currency for parking in the future? Nissan is already offering that to EV drivers at its new Pavilion exhibition space in Japan

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Tesla Model Y drive, Fisker and VW, the potential of bi-directional charging: Today's Car News - Green Car Reports

Chinese Tesla rival Xpeng Motors in talks over $300 million in funding ahead of U.S. IPO, sources say – CNBC

Xpeng Motors latest electric car is called the P7.

Xpeng Motors

Xpeng Motors, one of Tesla's rivals in China, is in talks to raise around $300 million in funding ahead of an initial public offering (IPO) in the U.S., two sources familiar with the matter told CNBC.

Qatar's sovereign wealth fund, theQatar Investment Authority, is one of the investors in the funding round, the sources said. Alibaba, which is already an investor in Xpeng, also joined the round, one of the people said.

The final amount raised might be higher than $300 million as a number of investors are still in discussions to put money into Xpeng, the sources,who wanted to remain anonymous because the discussions are private, added.

Xpeng Motors declined to comment. The Qatar Investment Authority was not immediately available for comment when contacted by CNBC.

Alibaba confirmed to CNBC that it was involved in the funding round.

"Through our investement in Xpeng, Alibaba aims to leverage our established expertise in digitalization to support the advancement of the smart electric automaker industry," a spokesperson said in a statement.

The electric carmaker's latest cash injection is part of the same $500 million round of funding it raised earlier this month from investors including Aspex, Coatue, Hillhouse Capital and Sequoia Capital China. And it follows a$400 million investment in Novemberfrom investors that included Chinese smartphone maker Xiaomi.

Xpeng Motors has also confidentially filed for an IPO in the U.S., but has not decided which exchange to list on yet, the sources told CNBC.

The potential listing in the U.S. comes amid rising tensions between America and China which could impact foreign firms listed on Wall Street. In May, the U.S. Senate passed legislation that would increase scrutiny on Chinese firms trading on American exchanges which carries the threat of delistings for some foreign firms.

China has spawned a number of electric car companies thanks to favorable policies for the sector including subsidies. While some have collapsed, others such as Xpeng, are looking to push forward and grow.

This month, the car start-up started deliveries of its new P7 sedan which is seen as a competitor to Tesla's Model 3. In January, Tesla began rolling out Model 3 carsmade in its Shanghai factoryto customers in China.

China's electric vehicle sector has been hurt by the coronavirus outbreak. Sales of so-called new energy vehicles fell 33.1% year-on-year in June, according to data from the China Association of Automobile Manufacturers. However, sales have been rising month-on-month as theChinese economy showssigns of rebounding.

Earlier this year, the Chinese government unveiled policies it hoped will boost demand for electric cars. Some new energy vehicle subsidies and tax break policies that had been set to expire this yearwere extended to 2022. And nationwide charging infrastructure got a 2.7 billion yuan ($387 million) investment.

If Xpeng does go public in the U.S., it will join fellow Chinese electric carmaker NIO, which listed in September 2018. And on Thursday, Li Auto, another Chinese electric automaker started trading on the Nasdaq, raising $1.1 billion.

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Chinese Tesla rival Xpeng Motors in talks over $300 million in funding ahead of U.S. IPO, sources say - CNBC

Don’t Wait: Ten Reasons To Buy The Tesla Cybertruck NOW! – InsideEVs

Are you thinking about getting a Tesla Cybertruck and still haven't put in your reservation? If so, the Cybertruck Truck Guy has some advice: Don't wait any longer.

With reservations rapidly approaching one million units, you're already going to be waiting a few years to get your Cybertruck even if you order it today. Tesla has even begun taking Cybertruck reservations in China, although we're unsure how much demand for it will be in that market. Seeing Cybertrucks shipped to China while you're waiting for yours will only add to your frustration if you want one and wait too long to reserve it.

While it's true that many (some guess as much as 50%) of the Cubertruck reservations won't convert to sales, there are already so many reservations that even if only half of them convert, Tesla may have a production backlog of about three to four years once they begin manufacturing the vehicle.

In the video, the Cybertruck Truck Guy offers his list of top ten reasons why you shouldn't wait to add your name to the reservation. Interestingly he includes some information that many may not have considered. For starters, he cites a research firm's study that revealed 20% of the Midwest construction companies that they surveyed offered that they planned to buy an electric pickup truck as their next work vehicle.

It's been generally thought that construction professionals may lag behind early adopters for electric pickup trucks to wait and see if the vehicles are capable of performing their required work duties. So a study like this, albeit a small one, is quite surprising.

The host also explains how Full Self Driving availability will cause additional demand (although I'm still not buying that FSD will be available anytime soon). He also includes how Tesla's upcoming Battery Day could also cause a spike in orders if Elon delivers on his promise that this event will be one of the most important days in tesla history.

Here's where to jump to in order to find the 10 reasons listed in the video:

Another reason Todd, the host mentions is that once customer deliveries begin, demand will go through the roof, and that's definitely something that I agree with. But I'll take that one step further. I think that as Tesla's new factory in Austin, Texas begins to take shape, and also once we see some Cybertruck prototypes driving around during the validation process, the excitement will climb and reservations will definitely spike.

We agree with Cyber Truck Truck Guy on this one. If you have even the slightest interest in getting a Cybertruck, it's probably worth the $100 reservation, which is fully refundable if you do change your mind. Agree? Let us know your thoughts in the comment section below.

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Don't Wait: Ten Reasons To Buy The Tesla Cybertruck NOW! - InsideEVs

Tesla Gets Yet Another Electric Vehicle to Compete With Ahead – 24/7 Wall St.

When DiamondPeak Holdings Corp. (NASDAQ: DPHC) came public early last year as a special-purpose acquisition company (SPAC), the company raised $250 million it planned to use to form just about any business combination, with just about any kind of company, but that it intended to focus its search on a business with a real estate component.

Its possible to argue (barely) that Tuesdays announcement that DiamondPeak is combining with privately held Lordstown Motors fits that focus. Lordstown Motors acquired General Motors Lordstown assembly plant, where the company plans eventually to build some 60,000 all-electric (EV) pickup trucks annually. Theres the promised real estate.

What makes the deal noteworthy, though, is Lordstowns product. The companys planned EV, the Lordstown Endurance, is planned to begin production in the second half of next year, a full year earlier than the Cybertruck from Tesla Inc. (NASDAQ: TSLA). Another EV pickup, the R1T from another well-funded startup, Rivian, originally was planned to begin production late this year, but the company has delayed the start until 2021, blaming the COVID-19 outbreak for forcing a break in retooling Rivians assembly plant in Illinois.

Other recent initial public offerings (IPOs) for semi-tractor (Class 8) maker Nikola Corp. (NASDAQ: NKLA) and Workhorse Group Inc. (NASDAQ: WKHS), which makes delivery vans, have sent the EV sector soaring.

Last month, another SPAC, Tortoise Acquisition Corp. (NYSE: SHLL) announced a planned reverse merger with Hyliion, a Class 8-electric power-train maker that uses a natural gas generator to recharge its batteries. Nikola also offers an all-electric semi along with an electric-hydrogen hybrid.

In another deal announced earlier this month, Spartan Energy Acquisition Corp. (NYSE: SPAQ) announced its intention to do a reverse merger with Fisker, an EV maker that filed for bankruptcy in 2013 after selling a handful of its Karma sports cars.

Thats a lot of action, and while it would all seem to be aimed at Tesla, the reality is that the losers stand to be GM, Ford and Volkswagen.

Nikola and Hyliion are targeting the heavy-duty Class 8 sector that the Tesla Semi is also aiming at, but with different powertrain systems. The Workhorse van is addressing a sector that Tesla is not competing in, and in the passenger car sector, none of the traditional carmakers comes close to Teslas combination of price and range, the two options most important to mainstream vehicle buyers.

That leaves pickups, the gasoline-powered vehicles that perennially lead all vehicles in U.S. sales, making it an obvious target for a new entrant. Lordstowns Endurance is aimed at commercial fleet buyers and the company announced more than 27,000 pre-orders valued at $1.4 billion.

With so many new competitors and the traditional heavyweights in the wings, is Tesla really under an existential threat? Probably not.

On Teslas second-quarter conference call, CEO Elon Musk said that the companys goal is to be slightly profitable and maximize market share. Right now it owns 80% of the U.S. EV market according to Loup Ventures analyst Gene Munster.

By 2030, Tesla could be producing (and selling) 15 million vehicles a year. Those vehicles will be getting better, and the recharging stations needed to override consumers range anxiety will become ubiquitous. GM, Ford and VW may only be able to compete on price and that, Munster believes, is a battle they cant win.

As for startups like Rivian and Lordstown that are targeting the light-duty truck sector, they may have an easier time of it than traditional carmakers because there is a big market for pickups and sport utility vehicles (Rivians other vehicle is the R1S SUV). But can either of these companies compete with the EV market share leader that is also a leading battery maker?

Whether Tesla, Rivian, Lordstown, or another truck maker wins the pickup battle is almost irrelevant to Teslas future. As Loup Ventures Munster points out, [T]he long-term value of Tesla will not lie in its initial business; rather, the long-term value will include renewables, batteries, and repurposing those technologies into new markets, potentially HVAC, small aircraft, and others.

Teslas stock rose by about 3.8% on Monday to close at $1,485.00, in a 52-week range of $211.00 to $1,794.99. The price target on the stock is $1,239.11.

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Tesla Gets Yet Another Electric Vehicle to Compete With Ahead - 24/7 Wall St.

Exclusive: Panasonic aims to boost energy density in Tesla batteries by 20% – executive – Reuters

TOKYO (Reuters) - Panasonic Corp (6752.T) plans to boost the energy density of 2170 battery cells it supplies to Tesla Inc (TSLA.O) by 20% in five years and commercialize a cobalt-free version in two to three years, the head of its U.S. EV battery business said.

FILE PHOTO: A Panasonic Corp's lithium-ion battery is pictured with the Tesla Motors logo during a photo opportunity at the Panasonic Center in Tokyo, Japan, November 19, 2013. REUTERS/Yuya Shino

This is the first time Panasonic, a leading cell provider for the worlds top electric vehicle (EV) maker Tesla, has outlined these targets, putting down a marker in a highly competitive sector to stay ahead of the game.

Panasonic introduced the 2170 lithium-ion cells, with the nickel-cobalt-aluminium (NCA) cathode chemistry, for Teslas Model 3 in 2017. Researchers say it already has the highest energy density at above 700 watt-hour per litre.

With an even higher density, these cells could help increase how much an EV can run on a single charge, while also paving the way for smaller batteries and roomier car interiors.

A cobalt-free version on the other hand would cut reliance on a costly and controversial component, which makes batteries stable but poses ethical issues given controversial labour conditions in top producer the Democratic Republic of Congo.

Tesla CEO Elon Musk has long said he wants to move to zero-cobalt battery cells.

Panasonic has already cut cobalt content to under 5% in the NCA cathode and plans to improve its batteries in stages, its U.S. EV battery chief Yasuaki Takamoto told Reuters.

But the firm has declined to link its battery roadmap to Teslas future models.

Panasonic recently lost its status as Teslas exclusive battery supplier. The U.S. firm has partnered with South Koreas LG Chem (051910.KS) and Chinas CATL (300750.SZ).

CATL is supplying Tesla with low-cost lithium iron phosphate (LFP) batteries that contain no cobalt.

According to Takamoto, the average density of LFP battery cells is less than half the level of Panasonics latest NCA batteries. He did not name any companies.

Panasonic has already developed technologies resulting in a more than 5% increase in the energy density of 2170 cells.

From September, the firm will start converting lines at its factory in Nevada that it operates with Tesla as it prepares to further boost the energy density of the cells, Takamoto said.

To control safety risks associated with higher density and less cobalt, Panasonic is adjusting the composition and design for better thermal stability, Takamoto said.

He also noted there will be various battery requirements coming into play as EV usage diversifies.

Teslas Musk has promised to reveal significant battery advances during a Battery Day presentation scheduled for Sept 22. Tesla plans to introduce an EV battery that will last one million miles later this year or early next, which it jointly developed with CATL.

Reporting by Makiko Yamazaki, additional reporting by Norihiko Shirouzu; Editing by Himani Sarkar

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Exclusive: Panasonic aims to boost energy density in Tesla batteries by 20% - executive - Reuters

Tesla is working on massive sales presence expansion with new markets – Electrek

Tesla is working on a significant expansion of its retail and sales presence, including expansions in new markets, as it expects to achieve massive growth in the second half of the year.

Just over a year ago, Elon Musk was talking about shutting down almost all of Teslas stores and moving to an online-only sales model.

A few months later, he reversed the strategy and Tesla has been slowly growing its retail presence since then.

Now Electrek has learned that Tesla is planning a significant expansion of its retail presence in North America and abroad, with a focus on China.

Teslas deliveries during the first half of 2020 were affected by the global pandemic, but the automaker has maintained its overall 2020 targets and plans to deliver around twice as many vehicles in the second half of the year as it did in the first.

To facilitate the massive increase in sales, Tesla is expanding its sales force in several markets.

Based on sources and new job listings, Electrek has found several new retail locations:

Along with expansions in the US, Tesla is also adding new locations in Canada.

The automaker is looking to open a new store in Laval, Qubec a city of half of million people located across the river from Montreal.

Laval was actually the original location of Teslas presence in Qubec, but the automaker later closed the location after it opened a much bigger store and service center on the island of Montreal.

Now Tesla is going back to Laval with a new location and it is looking to hire several new employees to run the store.

Along with the new location in Quebec, Tesla is also expanding in Ontario with a new store in Ottawa, where it already has a service center.

Overseas, Tesla is also expanding with its first location in Singapore, a market that Tesla had difficulties entering in the past due to local regulations.

The automaker is now listing several new retail and service positions in the market.

With the success of the made-in-china Model 3 produced at Gigafactory Shanghai, Tesla is also massively expanding its retail presence in China with hundreds of new sales positions open in the country.

Tesla is rapidly increasing its retail presence in China starting with the megacities and expanding to other less densely populated regions.

Finally, Tesla also has its eyes set on France.

The automaker has had issues penetrating the market where EV sales are currently dominated by domestic manufacturers Renault and Peugeot, but it is apparently betting on this to change with dozens of new sales positions open in the country.

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Tesla is working on massive sales presence expansion with new markets - Electrek

Tesla’s Berlin plant on the fast track, minister says – Automotive News Europe

Tesla could be on track to complete its new plant near Berlin more quickly than its Shanghai facility, according to a local government minister.

The U.S. electric car maker has said it wants to finish the factory in Gruenheide by the middle of 2021, and faster than the Chinese operation, which went up in less than a year.

The German project has been hampered by minor setbacks, including criticism from local citizens concerned about deforestation and water usage.

"The goal at Tesla seems to be to beat the construction time for the Gigafactory 3 in Shanghai," Joerg Steinbach, economy minister for the state of Brandenburg where the plant is located, was quoted as saying Sunday in Germanys Welt am Sonntag newspaper. "According to my observation, this could very well succeed."

Tesla CEO Elon Musk is moving into Germanys heartland to challenge Volkswagen Group, BMW Group and Daimlers Mercedes-Benz as the country targets a massive increase in electric-car sales.

Helping to complete the project swiftly would be a boost to the Brandenburg government, which has struggled to complete a long-delayed new airport to serve the state and the capital.

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Tesla's Berlin plant on the fast track, minister says - Automotive News Europe

How Hyliions Under-30 CEO Aims To Compete With Tesla And Nikola In The Electric-Powered Big Rig Revolution – Forbes

Thomas Healy, CEO of Hyliion.

When Thomas Healy was selected for the Forbes 30 Under 30 list in 2017, his startup, Hyliion, was still in the early stages of developing an innovation he called the e-axlethats an electrified axle, powered by lithium-ion batteries, that could be incorporated into the drivetrain of a traditional Class 8, long-haul truck.

Healy saw the e-axle as a hybrid bolt-on solution for bringing electric power to the world of long-haul trucking. The e-axle could be retrofitted onto old trucks, or built into new ones. The benefits were clearthe e-axle would provide a helping hand, adding power and torque that allowed the diesel block to work more efficiently, improving fuel mileage and lowering emissions, while also capturing power via regenerative braking.

Automotive parts giant Dana Inc. was intrigued, and in March 2019 made an equity investment into Hyliion, and together they are manufacturing and marketing the device to Danas slate of customers, including truck giants Volvo, Navistar and Peterbilt.

Its a pointedly different approach to the electrification of heavy-duty trucks than that pursued by investor darlings Tesla TSLA and Nikola, which have sought to design an all-new truck from the ground up. Healy says he decided early on there was no need to try to do it better than existing truck makers who already had big factories and happy customers. The goal was to be able to allow them to still buy the truck they already know and love and have it with a brand-new power train that will really revolutionize their logistics, says Healy, 28.

This caught the attention of Vincent Cubbage, at investment company Tortoise, which in 2018 had floated a so-called blank-check shell company called Tortoise Acquisition Corp. (NYSE: SHLL) to look for a company worth merging with.

Cubbage says his team already loved the electric truck space and was drawn to Hyliion because Healy wasnt trying to design from scratch, didnt need to build a factory (thanks to Dana) and crucially, unlike all-electric Tesla and hydrogen-powered Nikola, didnt need to spend money on setting up new fueling infrastructure. When we think about how customers actually want to adopt new technology, they want to isolate the technology, says Cubbage, not replace their entire kit.

The Hyliion Hypertruck ERX uses compressed natural gas to power its all-electric drivetrain.

In June, Healy agreed to a merger. Once completed by the end of the third quarter, Tortoise will be renamed Hyliion, with new ticker symbol HYLN and $560 million in cash to fund development of both the e-axle as well as Hyliions second offering, called Hypertruck ERX.

Hyliions Hypertruck concept involves an all-electric drivetrain utilizing Danas electric motor, inverter and axle technologies. The trucks batteries are fueled by onboard tanks of compressed natural gas. With some 700 CNG stations already operating nationwide, theres no need to build out expensive superchargers or hydrogen infrastructure. Kuwait-based logistics company Agility has already placed an order for 1,000 Hypertrucks. First deliveries are slated for 2021.

Ryan Laskey, SVP of commercial vehicle drive systems at Dana, says both the initial hybrid e-axle offering and their all-electric drivetrain are agnostic when it comes to what kinds of engines or fuels they will work with, giving Hyliion fewer barriers to success. The real secret sauce that Hyliion brings, says Laskey, is its software, the algorithms that monitor engine performance and road conditions to optimize efficiencywork that Healy began at Carnegie Mellon more than five years ago.

Healy says trucking fleets told him: You cant deliver a solution that weighs a lot more than a conventional truck does because thats just going to cut into our cargo capacity. So the Hypertruck features a small battery pack, a small generator, with a really strong software algorithm behind it.

Laskey lauds Healy for being customer-focused beyond his years. He gives the customer something they dont even know they want yet.Whether the electricity to power the drivetrain comes from the grid, diesel or gasoline, the result, he says, is 25% better fuel economy.

The main difference is you dont have to plug it into the grid to charge the battery, says Healy. You can use onboard natural gas generator. And when fueled with renewable natural gas (i.e., captured from hog farms or landfills), the truck can operate with negative carbon emissions.

So far Hyliion has burned through about $40 million in funding and has minimal revenues. But if the company catches favor with investors in anywhere close to the way that Tesla and Nikola have, it could make 28-year-old Healy a billionaire before too long (Nikola has already spawned two). According to SEC filings, upon completion of the deal, Healy will own 22% of the stock in the company, which, at a current $19 per share, sports a market cap of nearly $600 million.

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How Hyliions Under-30 CEO Aims To Compete With Tesla And Nikola In The Electric-Powered Big Rig Revolution - Forbes

Tesla shares sag as analyst flags mind-boggling valuation – The Detroit News

Esha Dey, Bloomberg Published 11:56 a.m. ET July 28, 2020 | Updated 12:00 p.m. ET July 28, 2020

Tesla Inc. has grown bigger than Toyota and Volkswagen combined thanks to a rally more befitting a technology stock than a car maker, and buying it now is probably a mistake for anyone but day traders, an analyst said Tuesday in downgrading the stock.

Risks to the valuation include the possibility a new Tesla model will cannibalize sales of an older one, and rising competition in the electric vehicle market in general, wrote Sanford C. Bernstein analyst Toni Sacconaghi. While Elon Musks company has recently executed well on its strategy, the stocks 481% gain in the past year likely reflects more good news than is probably forthcoming, he said in a note to clients.

In this Monday, May 11, 2020 file photo, a man wearing a mask walks through the Tesla plant parking lot in Fremont, Calif.(Photo: Ben Margot, AP, File)

Let us be clear: this is a valuation call, Sacconaghi wrote, calling the market value mind-boggling. He lowered his rating to the equivalent of a sell from hold, and maintained his price target of $900, representing a 42% discount to Mondays close. The shares fell as much as 4% to $1,477.60 on Tuesday.

Sacconaghis downgrade follows an advance that pushed the companys valuation over $300 billion at one point, amid investor optimism about strong second-quarter results, a possible inclusion into the S&P 500 Index, and anticipation for new battery technology.

The analyst noted, however, that trying to predict Teslas stock direction in the near term could be a fools game.

Expectations appear achievable/beatable, the forthcoming Battery Day could be noteworthy, and there is strong price momentum in both Tesla and among growth stocks more broadly, the analyst said.

Sacconaghi said he would change his mind if Tesla ultimately demonstrates unique progress in autonomous driving or other software, leading to high margins over time.

The current valuation has led some investors to start valuing Tesla as if it were a technology stock. Sacconaghi noted its market value is now bigger than Toyota and Volkswagen combined, which collectively make 20 million cars every year, compared to Teslas expected 500,000 cars this year.

Separately, Tesla said in a regulatory filing early Tuesday that it has cleared out its balance of deferred revenue related to sales of regulatory credits to other automakers. Without the sale of credits to automakers that are out of compliance with emissions rules, Tesla wouldnt have earned a profit last quarter.

Chief Financial Officer Zachary Kirkhorn said last week that while Tesla expects regulatory credit revenue to roughly double this year, it assumes those sales wont make a significant contribution to the business in the future. Deferred revenue went to zero as of June 30, from $140 million at the end of the first quarter.

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Tesla shares sag as analyst flags mind-boggling valuation - The Detroit News

Ram Could Follow Tesla, Ford and GM and Build an Electric Pickup Truck. But Should They? – Gear Patrol

Electric vehicles may have first achieved a beachhead in the automotive marketplace in the form of compact hyper-efficient rides yes, we still remember you, EV1 but if they do eventually achieve victory over internal combustion in America, it seems likely to come at least in part in the form of electrified pickup trucks. After all, pickups aren't just the bread and butter for Detroit's Big Three they're the meat and potatoes, the starter salad and the unlimited breadsticks, too.

Tesla, of course, has its entry in the wings the highly-anticipated, batshit-crazy, probably-not-street-legal-yet-but-hey-that's-a-later-problem Cybertruck. Rivian's R1T is poised to launch early next year, its production slightly delayed by the COVID-19 pandemic. GM has its GMC Hummer EV coming, along with an electric Chevy Silverado and an onslaught of battery-powered Cadillaqs. Ford has a plug-in hybrid F-150 coming this year, with a fully electric one close behind. And upstarts like Lordstown, Nikola and Bollinger are poised to throw their hats into the ring, as well.

All this leads us to wonder: will Ram follow suit?

After all, Fiat Chrysler Automobiles ahem, Stellantis has been something of a laggard in vehicular electrification compared to GM and Ford. Apart from an unprofitable electric Fiat 500 and a PHEV minivan, its lineup has remained purely gas-powered, albeit with some vehicles receiving the mildest of hybrid assistance in the form of the eTorque system. PHEV Jeeps are about to join the lineup, but the omnipresence of 700-plus-horsepower V8s across the brands certainly creates the impression that The Automaker Formerly Known as FCA is more interested in kicking it old-school.

That said, Mopar's seeming reluctance to adopt electron-powered trucks could change if buyers start snapping up electric trucks by Ford, GM, Tesla et. al. and eating away at Ram's hard-won market share. That's the word from CEO Mike Manley, who said as much in a recent earnings call, according to The Detroit News.

"Obviously pickup trucks are a key franchise for us, and were not going to sit on the sidelines if there is a danger that our position gets diluted going forward," Manley said.

"The reason we havent spoken much about electric pickup trucks is not because we view that market as nonexistent," he said. "But weve always had a slightly different view of timing and adoption rates, particularly in North America in terms of full electrification. We are very committed to our electrification strategy most of which we have revealed."

So far, those revelations largely revolve around the aforementioned PHEV Jeeps and other plug-in hybrid vehicles, although a fully-electric Jeep or two certainly seems among the possibilities. Luxury brand Maserati seems likely to be the first brand in the portfolio to push into full EVs, with the company's next GT expected to offer an electric powertrain.

Still, while Stellantis has been more forthcoming than many carmakers about its product plans for the next few years, Manley says the company hasn't shown every card in its hand yet. "We havent revealed everything," he said.

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Ram Could Follow Tesla, Ford and GM and Build an Electric Pickup Truck. But Should They? - Gear Patrol

Europe Is Building the Next Tesla. Who Knew? – Bloomberg

Chris Bryant is a Bloomberg Opinion columnist covering industrial companies. He previously worked for the Financial Times.

When Nikola Corp. started trading on Nasdaq in June, the Phoenix-based clean transportation company raced quickly to a valuation of almost $30 billion.

Its market worth has since fallen to a more reasonable $10.5billion, but thats still pretty spicy for a business yet to generate any revenue. Its most promising products are its heavy trucks, powered by electric batteries or hydrogen fuel cells.

The rise of Nikola (whose name, cheekily, is another evocation of electrical engineer Nikola Tesla) will have reinforced a view among European auto industry executives that the U.S. stock market operates by different rules. While Tesla Inc. is only modestly profitable, its valued at about $275billion, more than Europes five largest carmakers combined.

At least Europe has a stake in the latest heavily hyped project.Founded by Trevor Milton, a 38-year-old American college dropout, Nikola is relying heavily on expertise from the old continent. Robert Bosch Gmbh, a German automotive supplier, has helped develop the U.S. companys electric powertrain, and the first Nikola trucks will be built in a German factory belonging to Italys Iveco, a truck maker backed by the billionaire Agnelli family. Bosch and Iveco each own more than 6% of Nikola.CNH Industrial NV, Ivecos parent, just recorded a $1.5 billion fair value gain on that investment.

The biggest question is whether a start-up dependent on so much external help should have a whizzy valuation like Tesla, which builds much of its technology itself.And if Europe has this expertise, why hasnt it produced its own rival to Elon Musks carmaker?

Thank these companies if the start-up becomes the Tesla of heavy trucks

Source: Nikola, Opinion research

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Maybe its a lack of chutzpah. Nikolas name isnt the only reason its often compared with Tesla. Miltons hyperactive Twitter presence makes Musk look tame by comparison. Both mens ambitions extend beyond selling zero-emission vehicles to producing and storing clean energy. While Nikola is focused on heavy-duty trucks, it has touted a variety of consumer products including a pickup called the Badger. These are catnip for retail investors, as the excitement over Musks Cybertruck demonstrates.

While Tesla and Nikola are both working on electric heavy trucks, they differ in at least two important respects. The first is hydrogen: Musk is dismissive, while Milton thinks hydrogen is the perfect fuel for long truck journeys. The second is their attitude towardbuilding stuff in-house.

True, in its early days Tesla worked withLotus to help make the Roadster, and Daimler AG helpeddevelop the Model S saloon. Teslapartners with Panasonic to produce battery cells. But Musk is famous for trying to build his own technology, from electric powertrains and automated-driving software to car seats.

Nikola developed its own software,infotainment andbattery management-system, as well as vehicle aerodynamics, according to Cowen analyst Jeffrey Osborne. It has outsourced or used hired help to do much of the other stuff.More than 200 Bosch employees were involved in building important parts of Nikolas trucks, including the electric motor for the axle, the vehicle-control unit, the battery and the hydrogen fuel cell. The result isa mix of intellectual property owned either separately orjointly by Nikola and its suppliers.

Theres no doubt, however, who has the deeper expertise.So far Nikola has been awarded 11 U.S. patents, about 1% of the totalBosch is awarded in a typical year. Bosch gets paid to help us get to industry standards on products, Milton told me.

Getting partners to providethe technological building blockshas some advantages. Nikola has only 300 employees and yet its first trucks should start rolling off theproduction line soon. Working with partners cuts the risk of the manufacturing delays and quality problems that plagued Tesla.

Its an efficient use of capital too. Nikolas research and development expenses were just $68million last year. Tesla spent$1.3 billion. After going public, Nikola has about $900 million of cash,although that wont go far in the automotive business. Forthe North Americanmarket, Nikola plans to handle its own manufacturing, with technical assistance from Iveco. Nikola broke ground this week on a$600 million factory in Arizona.

Whether or not you believe the extensive involvement of outside partners shouldhave a bearing on its lofty valuation, there are other things that could upset Nikolas plans.

Building a refueling network is a central part of its business model, but this wont come cheap at $17 million for each hydrogen station. The company is also entering a competitive field populated by more experienced and better capitalized rivals. Daimlers Mercedes-Benz failed to follow through on its early experiments with electric cars and let Tesla roar past. It probably wont make the same mistake withtrucks.

Daimler is the worlds largest truck maker and it plans to start production of its electric eActros and eCascadia models next year. The German giant has alsoformed a joint venture with Swedens Volvo AB to develop hydrogen fuel cell systems for heavy vehicles. That venture is valued by the companies at just 1.2 billion euros ($1.4 billion), putting the Nikola valuation into perspective.

Even if its share price looks overblown, Nikolas improbable rise shows theres investor demand for clean transportation companies that dont still have one foot planted in the combustion-engine past. European manufacturers have the technicalchopsbut they must find better ways to capitalize on investor excitement through new business models or spinoffs. Otherwise someone else will.

This column does not necessarily reflect the opinion of the editorial board or Bloomberg LP and its owners.

To contact the author of this story:Chris Bryant at cbryant32@bloomberg.net

To contact the editor responsible for this story:James Boxell at jboxell@bloomberg.net

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

Chris Bryant is a Bloomberg Opinion columnist covering industrial companies. He previously worked for the Financial Times.

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Europe Is Building the Next Tesla. Who Knew? - Bloomberg

Confused Tesla Model 3 Thinks It’s a Lambo with Huge Wing and Louvered Window – autoevolution

Any trip outside the house - something we've come to appreciate a lot more than we should lately - will tell you the aftermarket modding business is alive and thriving. Anywhere you look, you'll see a car with various degrees of customization, ranging from the very discreet to the full out "what the hell model is that?" extravaganza.

Of course, as Fleetwood Mac used to say, you can go your own way and ignore the most obvious options that everyone is going to use for that 100 percent personal look. Yes, it does come with associated risks, but so does getting up in the morning, and we still do that every day.

The thing with Teslas, in general, is that they don't project their performance in the way they look. You can buy a Model S P100D with all the Cheetas and Ravens you want, but it's still going to look like a family car. Because that's what it is: a stupidly fast five-seater with a big trunk that can pick up the kids from school and smoke a Lamborghini,bothduring the same outing.

The smaller Model 3, in its Performance version, isn't too different either. That's probably why this particular ownerfelt it was OK to install a huge wing (it seems to be wider than the car itself, so the descriptor is not hyperbolic, but completely accurate) and partial louvers on the rear window of his Model 3. If this makes your day slightly better, you have him to thank for it and Danny Meng (via Facebook) for snapping the picture.

That wing has a particular Lamborghini feel to it. Could it be that the Model 3 driver won it in a drag race after defeating a Sant'Agata-made supercar? Well, we're not entirely sure they still make this kind of bets, but we guess stranger things have happened, so while the assumption started off as a joke, it might even be true. However, it still wouldn't explain the louvers. Actually, never mind that: it's 2020, nothing could ever explain the louvers.

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Confused Tesla Model 3 Thinks It's a Lambo with Huge Wing and Louvered Window - autoevolution

How Tesla Was Lured to Austin – Texas Monthly

Amid a frog-drowning on Sunday, several dozen members of the Austin Tesla Club gathered jubilantly in a parking lot in East Austin. Masked fans cheered as a middle-aged man flashed the Bevo with one hand and fired a flamethrower with the other. The crowd was there to celebrate the deal between Travis County and the electric car manufacturer, inked late last week, to build a $1.1 billion, two-thousand-acre factory, named Giga Texas, in the tiny municipality of Del Valle, near Austin-Bergstrom International Airport.

The proposed Tesla plant, which will produce Cybertrucks and Model Y SUVs, is expected to be a billion-dollar investment that will employ five thousand in manufacturing jobs and benefit hundreds of contractors and suppliers. When the deal was announced, Tesla said that about 65 percent of the factorys jobs will be middle-skilled and will not require college degrees, with salaries starting at $35,000 a year and averaging more than $47,000. The company pledged to make at least half of its hires from among Travis County residents, and stated it would make a good faith effort to hire women and people of color.

The deal was praised by Governor Greg Abbott, the Austin Chamber of Commerce, various local labor groups, and leaders of job training programs. Its like winning the lottery , said Ed Latson, CEO of the Austin Regional Manufacturers Association.

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To win this much-needed boost to its virus-impaired economy, the Austin area had to outbid Tulsa. Most of the incentives came in the form of tax breaks, though Tulsa also repainted its iconic 75-foot-tall Golden Driller statue in the likeness of Tesla CEO Elon Musk.

Many involved in Austins bid for Tesla drew different lessons from the citys failed 2018 pursuit of Amazons gleaming $5 billion HQ2. That deal went to two bigger metro areas: Arlington, Virginia, just west of Washington, D.C., and New York Citywhich ultimately backed out after a public outcry over the cost of its subsidies, roughly $48,000 for each job created. Proponents of the Austin areas deal with Tesla say that it represents a bargain, at about $1,200 in annual subsidies for each job created. But a coalition of community groups and labor rights advocates argue that the concessions to Tesla are too expensive, and that the deals terms undercut the very manufacturing workers it is supposed to benefit.

The Del Valle Independent School District, which received a C under the states letter-rating system, played an integral role in wooing the electric car manufacturer. Del Valle, which has become a target for developers, is a rural section of Austins low-income eastern crescent fit for a large factory. Through Texas Tax Code Chapter 313, also known as the Texas Economic Development Act, a school district can reduce the property taxes of a new business seeking to relocate to its jurisdiction to an amount below those paid by other property owners. In Teslas case, the incentive agreement allows the company to cap its property value at $80 million, as opposed to its projected $1.1 billion valuation, meaning thatTesla will pay just $776,000 a year in property taxes for the first ten years, as opposed to the more than $5 million it would pay without the tax break. The Tesla propertys current tenant, a gravel mining facility, pays just $6,400 a year in property taxes, and few of the children of Tesla employees will attend school in Del Valle, whose population is about 17,000. But the cost of educating the children of new Tesla employees moving to the Austin area will fall on the areas schools.

Del Valle ISDs incentives were matched by Travis Countys, which will give Tesla additional property tax rebates worth $14 million over ten years. If Tesla were to spend more in operational costs than the $1.1 billion proposed, the companys subsidies would only increase: a 75 percent tax break for any spending between $1.1 billion and $2 billion; an 80 percent break for spending above $2 billion. Tesla, whose press team did not respond to requests for an interview, could also unlock state support from the Texas Enterprise Fund, which offers grants to companies that create jobs in Texas rather than in other states. While neither party has said how much these funds will amount to, comparable allocations to organizations such as Apple have been north of $21 million over sixteen years.

Supporters of the deal believe Teslas promised internships and job training programs can transform the region, providing an attractive return for the local governments tax incentives. The prospect of Tesla being in our community was exciting for the opportunities that would come to fruition for our students, said Del Valle ISD Superintendent Annette Tielle in a statement provided to Texas Monthly.

But most of Teslas negotiations took place behind closed doors, leaving community groups and stakeholders out of the process. The lone dissent in the Del Valle ISD school boards 71 vote in favor of the deal came from trustee Susanna Woody, who said the vote felt completely rushed.

When youre staring at a budget deficit of billions of dollars due to COVID and youre talking about giving any money to a billionaire, thats a tough thing to swallow, said Rick Levy, president of the Texas chapter of the AFL-CIO.

Critics argue that incentives such as Chapter 313 prioritize the interests of multinational companies over those of taxpayers, often unnecessarily. University of Texas professor of government Nathan Jensen, who models the use of tax incentives to bring business to the state, estimates that 85 percent of companies would have relocated to employer-friendly Texas without the likes of Chapter 313 incentives.

Even if we know an incentive will swing an investment, it is rarely a win for the local community. First, what [else] could the community have done with this money? Could they have offered $50 million to small businesses that are already here? Jensen said, citing the incentive package from the Del Valle ISD. Likewise, many companies end up having to leave these incentives on the table, after bringing fewer jobs or less investment than initially expected.

This is not the first time local governments have offered Tesla incentives to build new factories: Nevada gave the company a $1.3 billion tax break to build its first Gigafactory outside Reno in 2014. Six years later, the plant contributes billions of dollars to the local economy and employs seven thousand workers. But local activists and labor groups have raised concern over the plants strain on the housing market, and its worker safety record. In 2018, the company ranked amongst the nations Dirty Dozen for employers engaging in unsafe practices, according to the Council for Occupational Safety and Health, a worker-safety watchdog. A 2019 USA Today report detailed both a culture of negligence at the Reno facility that placed manufacturing employees at risk and the misreporting of injuries to the Occupational Safety and Health Administration. Tesla also came under fire this month after an outbreak in its Fremont, California, plant for not taking the necessary precautions against the spread of the coronavirus, whose severity Musk has publicly questioned. (Tesla maintains that its safety standards are on par with the overall manufacturing sector, and a spokesperson told USA Today that a few isolated incidents are not representative of our overall safety culture at Gigafactory 1.)

In its agreement with Travis County, Tesla will be enrolled in OSHAs voluntary protection program, designed for employers who have implemented effective safety and health management systems. Travis County also laid out a set of best practices for Tesla to follow to protect its workers. But detractors, including Emily Timm of the Workers Defense Project, an Austin-based organization fighting for low-income workers, argue that the deals language is vague and grounded largely in unenforceable, good-faith agreements.

While labor rights activists support Teslas stated commitment to a minimum wage of $15 an hour, substantially above Austins $7.25, the agreement sheds no light on which workers this standard applies to. The average hourly rate for manufacturing jobs in the U.S. is $22. The fear is that a company like Tesla keeps its high-level creative jobs in places like the Bay Area and begins to see Austin like a low-wage, high-tech town, said Doug Greco, lead organizer of Central Texas Interfaith, representing a coalition of nonprofit groups in Austin.

But to a school district and a county suffering from financial distress, the promise of new jobs and tax revenue was too good to pass up. Teslas making real contributions back to the school district. Its developing a site that was previously a mine, said Laura Huffman, CEO of the Austin Chamber of Commerce. So the value trade in this deal with Tesla, I think, is strongly in favor of the community. And it was necessary because we were competing.

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How Tesla Was Lured to Austin - Texas Monthly

Elon Musk on Tesla Cybertruck: The goal is to kick most amount of ass possible with this truck – Electrek

Elon Musk made new comments on the Tesla Cybertruck, saying that the goal is to kick the most amount of ass possible with this truck.

When the Cybertruck rolled up on stage last year, many thought that Elon Musk had lost his mind, but the CEO was always really aware that the electric pickup trucks design would be polarizing.

When asked on the Automotive News podcast about whether or not Tesla did any customer research before design the Cybertruck, Musk burst out laughing:

Customer research? We just made a car we thought was awesome and looks super weird. I just wanted to make a futuristic battle tank something that looks like it could come out ofBlade RunnerorAliensor something like that but was also highly functional.

Before even unveiling the Cybertruck, Musk was already saying that Tesla could always design a more traditional pickup truck with the Cybertrucks powertrain if it wasnt well received.

Now, after Tesla has received over 500,000 reservations for the Cybertruck, the CEO is reiterating those comments:

It can be a better sports car than a Porsche 911, a better truck than an F-150, and its armored and looks sort of kick-ass from the future. That was the goal, recognizing this could be a complete failure. But I wasnt super worried about that because if it turns out nobody wants to buy a weird-looking truck, well build a normal truck, no problem. Theres lots of normal trucks out there that look pretty much the same; you can hardly tell the difference. And sure, we could just do some copycat truck; thats easy. So thats our fallback strategy.

Design aside, Tesla is looking to make the Cybertruck a leader in the pickup segment for functionality and performance.

Musk added:

Were really, fundamentally making this truck as a North American ass-kicker, basically. The goal is to kick the most amount of ass possible with this truck. We want it to be something you could use to tow a boat, a horse trailer, pull tree stumps out of the ground, go off-roading and you dont have to worry about scratching the paint because there is no paint. You could just be smashing boulders and be fine.

The CEO often joked about how Tesla makes the best vehicles for the apocalypse.

The Cybertruck might turn the joke into reality:

So its probably helpful in the apocalypse. Things are seeming more apocalyptic these days. Let me tell you, the truck you want in the apocalypse is the Cybertruck.

Tesla is planning to bring the Cybertruck electric pickup to production in late 2021.

The automaker will start by offering the two higher-end versions of the electric pickup truck starting at $50,000 and with up to 500 miles of range on a single charge.

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Elon Musk on Tesla Cybertruck: The goal is to kick most amount of ass possible with this truck - Electrek

A.I. helps businesses recover from the lockdown And can Nissan take on Tesla? – Euronews

As the UAE opened its doors to tourists, Dubai carefully hosted its first major conference since lockdown.

Titled Artificial Intelligence Everything the conference was attended by some heavy hitters from across the region, keen to find out how AI can help companies bounce back post-lockdown.

Euronews asked delegates how their customer landscape had changed and how AI might be used to help it evolve.

CEO of Majid Al Futtaim Retail, Hani Weiss, said over 37,000 of his employees had received special training in AI to ensure they understand its importance.

Personalisation is helping to improve consumption, reduce time-wasting for our customers and makes sure we help them to choose whatever they want, Weiss explains.

The conference also addressed the issue of data analytics and inevitable concerns about privacy and security.

Mudassir Sheikha, Co-founder and CEO of vehicle for hire firm Careem said, as a digital-first business, data was among the most important things they have. He said: Data is sort of the fuel that drives our business.

Sheikha explained that having the best security team possible, storing data in the cloud and ensuring that effective processes are used to manage data are the key elements Careem focuses on.

Delegates also reflected on how applying AI to their businesses during the pandemic was a crucial decision.

Weiss said there had been a huge surge in orders. Many countries saw an increase of as much as 300 percent and suggested that, in Saudi Arabia, that figure was closer to 1,000 percent.

He said many customers were new to the idea of online ordering.

28 percent of the customers that tried online during the pandemic, never, ever access any online platform, he said.

Mudassir Sheikha explained the importance of being ambitious in how they approach the online environment.

Sheikhas hope is that they become an offline-online bridge and create a super app.

We can actually help people become more efficient. We can help societies become more productive and drive economic growth, Sheikha suggests.

As with AI, the pandemic is accelerating the uptake in automation across most sectors. The food and beverage industry is no exception, with demand for burger-flipping, salad-tossing robots on the rise. But there are concerns that this may simply be a fad and that the human touch can never be entirely eliminated from the industry.

The pandemic has fuelled demand for robots with culinary capabilities and although the trend predates Covid 19, some believe they have gone from a novelty to a necessity.

It's food automation, and it's definitely coming, argues Rick Wilmer, CEO of the California based firm Chowbotics.

COVID's going to accelerate it again because people are concerned with human beings being involved with their food and the spread of disease.

Wilmer believes that people feel safer with robots preparing their food than other humans.

Robotics companies insist they are not trying to replace humans altogether but there are still fears employment will take a hit. But Jamie Richardson, Vice President of the White Castle hamburger chain doesnt believe it will replace workers.

We look at it as an empowerment for the team, because it helps us free up our heart for hospitality, says Richardson.

Although robots have proved useful during the pandemic, some experts doubt whether they can compete with human beings in the food and beverage sector in the long term.

This is certainly a view taken by Max Elder, Research Director at the Institute for the Future. Elder believes there may be a need for fully robotic food outlets in time of emergency but that demand will quickly go away.

"How do they compete with restaurants who are basically becoming these kiosks themselves? Elder asks.

"When we automate away the act of cooking, preparing, presenting, sharing food, I deeply believe that we lose a lot that's inherent to that meal, to that experience and to what it really means to feed and be fed."

There is a balance to be struck between which parts of the cooking process are automated and those that retain a creative human touch.

July saw TESLA become the worlds most valuable automaker. Its competitors have struggled to keep up with the pace of innovation at the company despite its controversial CEO Elon Musk, volatile share price and its inability to mass-produce some of its most attractive prototypes.

Despite a seven-week shutdown in its US assembly plant, electric car manufacturer Tesla posted a surprising 90m net profit for the second quarter of 2020.

It was the companys fourth-straight positive quarter and came after it overtook Toyota as the worlds most valuable car maker. But competition for Tesla is looming.

Nissan, among others hope to be hot on Teslas heels with their latest electric offerings.

At the launch of its new model, Ariya, Nissan CEO, Makoto Uchida boldly told audiences: Today, we are introducing a car that's more than a car. Ariya represents a new chapter, a new face, a new language.

Nissan is certainly keen to turn the page on a year in which it made a loss of around 5.3bn and saw its former CEO Carlos Ghosn go on the run from authorities following allegations of corruption. But Jim Holder, Editorial Director of Autocar Magazine thinks their new electric SUV offers a glimmer of hope for the company.

"I think what we're seeing with the launch of the Nissan Ariya is the next generation of electric car technology coming to the market. Nissan, of course, got in there very early. They were among the pioneers with the Nissan LEAF, but that is now more than a decade ago.

Nissan does not consider the 10-year delay to be a problem. Development Chief Product Specialist, Makoto Fukuda, says: We have a huge customer base from LEAF and we could learn a lot of things from LEAF customers.

Holder acknowledges the huge technologica shift in the motor industry.

You have to get really excited that electric cars are finally reaching a point where they can match or eclipse in many ways the cars that we've become used to driving over the past hundred or more years.

Crossover vehicles have made up 40 percent of recent U.S. auto sales. With its similar price tag, Nissan hopes to take a chunk out of Teslas 'Model Y' market with the Ariya. Time will tell if their latest electric car spells a new era for the company.

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A.I. helps businesses recover from the lockdown And can Nissan take on Tesla? - Euronews

Teslas Newest Partnership With An HBCU Is A Great Thing – CleanTechnica

Cars

Published on July 31st, 2020 | by Johnna Crider

July 31st, 2020 by Johnna Crider

Tesla is partnering with Huston-Tillotson University to provide internships and jobs for its students.

Huston-Tillotson University (HT), which is in Austin, TX, welcomed Tesla and announced that Tesla is collaborating with HT for student internships. In a welcome letter from HT, which is Austins oldest university and only Historical Black College and University (HBCU), the university announced that its team met with Tesla to discuss business, pre-engineering, and other programs. This led to plans for collaboration on internships and other partnerships.

Tesla will provide employment opportunities in the form of internships, apprenticeships, externships, and careers for HT students. The employment opportunities created by Tesla will provide a direct career path with access to a full array of benefits that align with HTs Career Pathways Initiative, which is focused on preparing students for mid-to-high-skilled careers in a dynamic and innovative global environment, HT said in the welcome letter. We anticipate our collaboration with Tesla to lead ultimately to internships, apprenticeships, externships, and fruitful careers for HT students. Tesla is an organization that aligns with and supports Huston-Tillotson Universitys core values and mission.

During Teslas 2nd quarter earnings call, Elon Musk announced that Tesla chose Austin as the site for its fifth gigafactory (fourth automotive gigafactory). Were also very excited to announce that were going to be building our next Gigafactory in Texas. Its going to be right near Austin. It will be about Ill just go into a bit of detail on this, and then Im sure therell be a lot of questions. But the location is five minutes from Austin National Airport and 15 minutes from Downtown Austin, he said.

Elon Musk also emphasized that Tesla was open to communications about engineering, production, and other things. Those other things, in the case of HT, will be employment training and opportunities for its students. This is a beautiful thing.

So if anyone is interested in looking at a Giga Texas with engineering, production, whatever the case may be, please let us know. This is were going to be doing a major factory there, and its also where well be doing Cybertruck there, the Tesla Semi. And well be doing Model 3 and Y for the eastern half of North America.

People love Tesla and love finally getting their vehicles delivered. This is why the company is here to stay. Tesla makes great products, and with that being said, it also stands up for things it believes in, such as equality.

Historically Black Colleges and Universities were established with the core goals of educating Black Americans and were developed when legal segregation was in place. The goal was to provide higher education to Black Americans who wouldnt have been able to attend other colleges due to the color of their skin. To me, the idea of someone being denied access to higher learning because of the color of their skin is not just disgusting, but insane. We live in post-segregation times when Black people are supposed to be viewed as equal and are viewed that way more than they were before, but still not by everyone. Despite that legal change, racism still prevails, and privilege for those of us who arent Black.

In America, we still have work to do when it comes to helping our fellow Black citizens, friends, and neighbors. Diversity is something that should be celebrated in America and Tesla is well-known for its role in creating more diversity in its workplaces. Diversity refers not just to skin color, but also includes more openness regarding hiring LGBTQ, women, age, nationality, and more.

When it comes to Black people, however, this particular group is often targeted by those with hatred in their hearts. Whether its through an unfair education system, police brutality, or cultural marketing (such as promoting violence and drugs as an answer in order to lure them into a lifestyle that will lead them into re-enslavement via the prison system you cant tell me that a life sentence for selling marijuana isnt slavery).

I think that Teslas partnership with an HBCU, which is just one way Tesla is helping Texas as a whole, could lead to similar partnerships with other HBCUs and it will also inspire other companies and corporations to also partner with HBCUs. Also, by partnering with an HBCU, Tesla is taking a stand to empower Black Americans and diversity in general. However, we need more companies and corporations standing up.

We need more people using their privilege to help whether its supporting HBCUs or even stopping someone from harassing a Black or other racially profiled person at the store. I think that we as Americans need to do our part and remember to love one another regardless of skin color and remember that everyone is human and should be afforded the same basic human rights as I am.

Top/featured image courtesy Huston-Tillotson University

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Tags: Austin, HBCU, Huston-Tillotson University, Tesla, Tesla Cybertruck, Tesla Giga Texas, Tesla Model 3, Tesla Model Y, Tesla Semi, Texas

Johnna Crider is a Baton Rouge artist, gem, and mineral collector, member of the International Gem Society, and a 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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Teslas Newest Partnership With An HBCU Is A Great Thing - CleanTechnica

Tesla plans $780 million bond deal pegged to vehicle leasesits first such offering during the pandemic – MarketWatch

Telsa Inc., after reporting a surprise second-quarter profit, plans to raise $779.53 million this week in the asset-backed bond market.

The Palo Alto, Calif.-based electric-vehicle maker is offering eight classes of bonds to investors that mature in 2.7-years or less and carry mostly top AAA ratings from Moodys Investors Service.

It marks the companys first such debt deal of the year, after raising funds in a similar manner once last year and twice in 2018, according to Moodys data.

But it also will be Teslas TSLA, +4.00% first asset-backed bond sale during the global pandemic, which has Americans in the throes of a deep economic recession brought on by social-distancing restrictions and other orders designed to limit the spread of the contagion.

Leases on Teslas Model S sedans and Model X SUVs make up half of the collateral for the bond deal, with those on comparatively less expensive Model 3 sedans comprising roughly the remainder, according to Moodys.

During the last major crisis, U.S. consumers surprised lenders by prioritizing their auto payments above their home mortgages, which resulted in few credit issues on bonds backed by vehicle leases during that cycle, but instead a wave of home foreclosures. That fact may help to bolster demand for Teslas debt.

Meanwhile, Teslas assets have been coveted amid the pandemic that has rocked most other industries.

Last week, Tesla surprised investors by reporting earnings of $104 million, or 50 cents a share, in the second quarter, contrasting with a loss of $408 million, or $2.31 a share, in the year-ago quarter.

Teslas shares soared 8.7% on Monday, pushing the stock up 268% on the year, as highflying technology stocks led major U.S. equity benchmarks higher, including the Dow Jones Industrial Average DJIA, +0.98%, even as policy makers in Washington wrangled over the next round of pandemic aid, and as infections derived from the novel strain of coronavirus gather steam.

Related: Here are 5 reasons why the pandemic hasnt crashed the U.S. housing market

In terms of pricing, the biggest AAA-rated, 1.1-year portion of the Tesla bond deal is being pitched to investors at a spread of about 50 to 55 basis points over a risk-free benchmark, according to an investor tracking the offering.

Pricing can change, depending on demand for the bonds, but current levels would indicate a significant premium to the roughly 40-basis-point spread on generic 3-year prime auto lease bonds last week, according to BofA Global data.

Spreads are the level of compensation investors earn on bonds over a risk-free benchmark like U.S. Treasurys TMUBMUSD10Y, 0.560%, with wider spreads often pointing to a higher risk of default.

Tesla didnt immediately respond to a request for comment.

Moodys said the economic shock of the rapid spread of the coronavirus pandemic and related government shutdowns were considered in its analysts of Teslas new bond sale, which comes with bigger credit cushions to help protect the bonds from losses than prior ones.

However, Moodys also said that the gradual economic recovery it expects to see in the years second half depends on whether governments can reopen their economies while also safeguarding public health and avoiding a further surge in infections.

Dr. Deborah Birx, lead coordinator of the White House Task Force set up to oversee the pandemic response, on Monday urged Kentucky and other states battling surging infections to reimpose shutdowns of bars and limit indoor gatherings.

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Tesla plans $780 million bond deal pegged to vehicle leasesits first such offering during the pandemic - MarketWatch

Tesla fans snap up bonds tied to car maker’s leases, its first such offering during pandemic – MarketWatch

Tesla Inc. TSLA, +1.04% saw high demand this week for a bond deal tied to leases on its electric vehicles, a first of its kind during the pandemic. As investors piled orders into the 8-tranche bond deal, the car maker was able to borrow more than $700 million at cheaper levels than initially anticipated. Specifically, its largest $215 million slug of AAA-rated bonds that mature in 1.1-years cleared the market at a spread of 35 basis points above a risk-free benchmark to yield 0.56%. Investors were pitched a slightly meatier spread in the area of 50 to 55 basis points earlier in the week, as bankers sought to drum up interest in the offering. The spread is the level investors earn on bonds over a risk-free benchmark, like U.S. Treasurys [S: tmubmusd10y]. Tesla's riskiest Ba2-rated class of 2.71-year bonds cleared at a yield of 4.6%, according to an investor tracking the offering. Tesla stock fell 0.8% Thursday, as did much of the broader equities market, after data showing the U.S. second-quarter gross domestic product fell by a record 32.9%. Shares still have outpeformed for the year, up 255.6%.

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Tesla fans snap up bonds tied to car maker's leases, its first such offering during pandemic - MarketWatch