Tesla has pushed Autopilot software update ‘2017.32’ for cars equipped with the second generation hardware. While many are still waiting for the second generation hardware to achieve the “silky smooth” Autopilot control promised by the company, the current update offers only minor improvements. The most notable part of the update was rollout of the Auto… Continue reading Automatic High Beam Feature Released in All Markets
Tag: Tesla Inc.
Tesla Selling CPO Cars on Autotrader.com
TMC Member spectrablue pointed out last week that Tesla had started listing cars on third-party sites like Autotrader.com. Tesla previously only sold those cars on Tesla.com and a network of company-owned stores. The company’s “certified pre-owned” program has helped them control the market and keep resale prices above the industry average. There are now a significant enough… Continue reading Tesla Selling CPO Cars on Autotrader.com
Tesla To Offer Home Charger Installation
Tesla plans to offer a “Home Charging Installation Program,” a $1,000 option available at purchase that eliminates the need for customers to source their own external electrician. The goal is to simplify the process of purchasing an electric vehicle. The service is currently only available to customers in North America. According to information on Tesla’s… Continue reading Tesla To Offer Home Charger Installation
Tesla Aims to Streamline Service Contacts
Tesla President of Global Sales & Service Jon McNeill is also an active TMC member. Monday he shared some of Tesla’s efforts to improve the customer service experience, particularly around responsiveness. McNeill wrote, “To make contacting the right person at Tesla easier, we’ve streamlined our contacts for you: For any customer issue, you can call… Continue reading Tesla Aims to Streamline Service Contacts
Tesla Raises $1.8B in Bond Offering
There has been no shortage of enthusiastic investors willing to write checks to fund Tesla’s efforts to make electric cars mainstream. A Securities and Exchange Commission filing shows that the company sold $1.8 billion worth of eight-year unsecured bonds at a yield of 5.30 percent in a recent oversubscribed offering. Tesla initially targeted $1.5 billion,… Continue reading Tesla Raises $1.8B in Bond Offering
Tesla Workers Say Skipped Soft-Tooling Phase Ups Danger Inside ‘Production Hell’
Two pro-union workers from Tesla’s Fremont factory are speaking out about potential safety risks related to frantic efforts to hit production goals for the Model 3. Tesla CEO Elon Musk has said the company is entering “production hell.” With heightened stress at the factory, the two workers fear that excessive overtime will result in overworked,… Continue reading Tesla Workers Say Skipped Soft-Tooling Phase Ups Danger Inside ‘Production Hell’
Reuters: Tesla Planning Driverless Truck Platoons
With the all-electric Tesla Semi scheduled to debut next month, news has developed regarding a plan for the trucks to be part of a system of driverless “platoons.” Reuters reported that the company is getting close enough to a prototype that it has discussed road tests with the Nevada Department of Motor Vehicles and planned… Continue reading Reuters: Tesla Planning Driverless Truck Platoons
Tesla Hopes to Fund Production With $1.5 Billion Junk Bond Offering
Tesla plans to raise $1.5 billion through a high-yield junk bond offering, with road shows expected to begin Monday. The fresh cash would help ramp up production of the recently released Model 3 sedan. Tesla said last week it anticipates $2 billion in capital expenditures during the second half of the year to support production… Continue reading Tesla Hopes to Fund Production With $1.5 Billion Junk Bond Offering
63,000 Canceled Model 3s is Like a Shorter Line at the Hamburger Stand
Tesla CEO Elon Musk compared the electric car company to a busy hamburger restaurant on Wednesday’s quarterly earnings call. When explaining his thinking around the cancelation of 63,000 Model 3 preorders, Musk used the opportunity to underscore the difficulties ahead in scaling production. “Those cancellations occurred over the course of more than a year,” Musk… Continue reading 63,000 Canceled Model 3s is Like a Shorter Line at the Hamburger Stand
Tesla Doubles Revenue, Says It Gets 1,800 Model 3 Reservations a Day
Tesla second-quarter losses were narrower-than-expected after revenue nearly doubled in the second quarter, the company reported Wednesday. The company reported a loss of $1.33 per adjusted share on revenue of $2.79 billion. Analysts had forecast Tesla lost $1.88 per share and earned $2.51 billion in revenue, according to Bloomberg. Ahead of the earnings report, analysts… Continue reading Tesla Doubles Revenue, Says It Gets 1,800 Model 3 Reservations a Day