Tesla has “Good Chance” of Record Deliveries in the New Quarter

Tesla has “Good Chance” of Record Deliveries in the New Quarter

If the most previous coverage of Tesla was any indication, it goes to show that the electric vehicle (EV) company is ready to take on this second quarter with a lot of gusto. With many drastic changes being implemented in response to a disappointing first quarter, Tesla will do whatever it takes to make a lot of profits.

The company seems to be optimistic about it, too. At least, that’s what it looks like if Tesla CEO Elon Musk’s leaked email is to be believed.

Musk revealed in said email that the EV company has a “good chance” of beating their previous deliveries record. The old record in question was over 90 000, with, with 63 000 of them being Model 3s.

Meanwhile, this past quarter saw only 63 000 deliveries during the first quarter of 2019. This contributed heavily to such a disappointing first quarter result.

Musk said in one leaked email, “In order to achieve this [record], we need sustained output of 1,000 Model 3’s per day. If we rally hard, we can do it!”

Such emails have become quite common within Tesla these days. Considering how poor things seem to be for the EV company, it’s hardly a surprise. Tesla’s stock is currently at a two-year low, creating doubt among Wall Street. The company was forced to raise about $2.7 billion to aid the first quarter of 2019. They were even able to pay off a $920 million convertible bond back in March. Unfortunately, Tesla is still saddled with billions upon billions of dollars in debt that they don’t seem able to pay off anytime soon.

Another email revealed that Tesla would have to make “hardcore” changes in order to not lose whatever money the EV company has left in the bank. This means that there’s going to be more hands-on cost cutting moves made, which has already taken place. So the emails are a mixture of sobering facts interlaced with a little bit of optimism.

 

The second quarter delivery numbers are going to be announced by Tesla sometime in July of 2019. Perhaps these cost-cutting measures and the optimism will pay off by the end of the second quarter. But that’s something that customers, Wall Street experts, critics, and of course Tesla won’t know for quite some time.

 

Sources: Business Insider; The Verge

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Genesis has Unveiled Their Electric Vehicle Concept

Genesis has Unveiled Their Electric Vehicle Concept

The presence of U.S-based car manufacturer Ford in the world of electric vehicles (EVs) is admittedly tiny. But to say that it’s non-existent would be an incorrect statement to make. They’re making small steps to immerse themselves into the EV space in ways that fit Ford seamlessly. They previously announced the planned development of a fully electric F-150 and a crossover inspired by their iconic Mustang. But more could perhaps be put into development sooner than expected.

However, there’s news that will be attractive for those interested in the electric vehicle (EV).

At the recent New York, NY auto show, Genesis revealed their electric vehicle concept- the Genesis Mint. Its name is said to originate from the metallic mint green colour on the EV’s body. It’s a small vehicle, sitting just two people at the absolute max. But don’t let the size dissuade you too much. There’s more to this specific EV than its size and cool paint job. .

Both EVs that are similar in size to the Genesis Mint- and regular vehicles, for that matter- typically have ordinary trunks for necessary storage needs.

But Genesis decided to make that flashier for customers. Instead of a trunk, there are scissor doors located on both of the EV’s regular flanks. This means that storage access behind the seats is easier to get to, which will make one’s life a lot easier.

The interior of the Genesis Mint carries a minimalist aesthetic with a luxurious sense of style. Between the leather and the lightweight textiles, those sitting inside this EV will be cozy rather than tight or uncomfortable. There’s a screen smack dab in the steering wheel that will show the driver any information that they need at a moment’s notice. More important instruments fill the nearby dashboard to keep you up to date on everything else not shown on the screen. Finally, the driver’s seat is capable of swivelling outward, and the steering wheel can retract. Both of these features will make getting in and out of the vehicle easier when necessary.

Of course, the most important thing that matters is its power as an EV. The Genesis Mint is said to have a battery electric powertrain that is compatible with 350 volt fast chargers. Depending on the customer’s needs and/or wants, they can pick and choose from a variety of battery sizes that best fit them. This feature is a handy one- especially when you can’t make it to a charger for one reason or another.

The Genesis Mint was created and designed by teams located in Germany, South Korea, and the United States. As said by Luc Donckerwolke, design chief for the Hyundai Motor Group, “The Mint Concept is a designer’s Occam’s razor that challenged us to visualize a scaled-down interpretation of our signature aesthetic.  The Mint Concept is a new urban icon that marries classic proportions with forward looking, minimalist design.”

If you’re looking for an SUV-sized EV, then the Genesis Mint isn’t going to be the vehicle of your choice.

 

But if you’re looking for an EV that’s small, sexy, and luxurious, then it’s one that you’re going to want to keep your eye on. With details of its release being kept hush-hush for now, one can only sit back and wait for when those important details come to light.

Source: Clean Technica

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EV Charging Stations Can Now Be Found on Google Maps in Real Time

EV Charging Stations Can Now Be Found on Google Maps in Real Time

If you’re thinking about purchasing an electric vehicle (EV), your biggest concern may very well be finding an EV charging station wherever you are. You may even be wondering right now how current EV owners are able to keep their vehicle charged whenever they’re on the go. After all, the last thing anyone wants is to unexpectedly run out of power while on a road trip or an important journey.

However, it seems that this concern might be less of an issue now.

A newer version of popular navigation app Google Maps allows users to search for an EV charging station in real time. Rather than being forced to rely on static information, an EV owner can quickly use the app to find the closest EV charging station to them.

This new update affects Android, iPhone, and web users alike, meaning that it will assist a lot of people facing this specific situation.

Google Maps won’t just show you where EV charging stations are located, though. Users will also be able to find out about charging speeds and port types of all available charging stations. This will ensure that the user will be able to find the charging station that best suits their EV and their current charging needs. All you need to do is search “EV charging stations” into Google Maps (not while driving, of course) to pull up your results.

There is one issue with Google Maps’ newest update; it won’t show the locations of any Tesla Superchargers.

Tesla users don’t need to stress, though; using the EV company’s official app will fix that just fine. The networks that are currently covered include Chargemaster, EVgo, and SemaConnect. Meanwhile, Chargepoint is said to be added to that list in time.

With Google Maps making this wise move, they’ve effectively aided many EV owners with finding charging stations.

This will make looking for one during any sort of driving trip easier and less stressful. Here’s hoping that more EV charging networks will partner with Google Maps to make their own charging stations available to search on the widely popular app.

Source: Engadget

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Tesla Already Changing Things Up Early in the Second Quarter

Tesla Already Changing Things Up Early in the Second Quarter

To say that Tesla’s first quarter of 2019 was dismal would be a kind way of putting it. Their previous profit streak ended thanks to a recorded loss of $702 million that occurred in the first few months of this year.

The electric vehicle (EV) company also admitted that their revenue went down by 37 percent in comparison to the previous quarter

This is despite Tesla posting back-to-back profits in the last two quarters. But between the reduction of a U.S. federal tax credit and car manufacturers like Audi and Mercedes announcing their plans in the EV space, Tesla’s disappointing performance in the beginning of 2019 is more understandable.

But with a new quarter comes a new beginning for any company, including Tesla. It’s clear that they’ll need to work extremely hard in order to make up all the money they lost, and then some.

CEO Elon Musk has made it clear that he’s optimistic due to a high demand by customers for their EVs. That being said, there’s plenty of steps Musk is taking to make the second quarter stronger and more profitable.

Back in January of 2019, Tesla increased the prices of the Model S and the Model X. The former’s price would go up by $18 000, whereas the latter would increase by just $15 000. For the base Model S- which is often referred to as the Standard Range- it can go up to about 285 miles at the cost of $79 200. That alone is a $7000 decrease from what it originally cost at the beginning of the year. The Extended Range option, now known simply as Long Range, costs $89 200. The price has been slashed by $5000; while at the same time, boasts a range of 335 to 370 miles. Meanwhile, the Performance version now costs $3750 less than it did back in January. In addition, its range is said to be between 315 to 345 miles. Finally, the Ludicrous model- which has a $20 000 price tag- can still go from zero to 60 in just 2.4 seconds.

When the focus shifts to the Model X, many similar changes have taken place now. The latest Standard Range available for consumer purchase has an estimated range of 250 miles, and costs $84 200. The newly named Long Range model comes in at $94 200 to save the consumer $3000, and can now reach 324 miles. The Performance trim’s range is somewhere between 289 to 305 miles, and its price has been slashed by $13 000. The result is a starting price of $105 200 without the Ludicrous option in place. Two other changes worth noting in regards to the Model X is the decrease in options for both interior and exterior colours, as well as the loss of free SuperCharging.

Tesla has also made more changes that don’t affect just those specific vehicles. The same 100 kilowatt hour (kWh) battery will continued to be used in all of Tesla’s vehicles. However, the front axel’s induction motor has been replaced with a permanent-magnet switched-reluctance motor. This is said to be a more efficient design choice, but it’s also more expensive. There will also be adaptive damping added to the standard air suspension, and a lowering of ride height at high speeds. The wheel bearings have been redesigned as well, and Tesla selected new tires “for certain variants”. Finally, the company’s EVs will run on the incoming V3 Supercharger network. This is particularly noteworthy because it accepts a 200 kilowatt input, and is able to charge in half the time. This will surely make charging your vehicle faster and more efficient.

 

All in all, Tesla has made many changes in a strong attempt to make their second quarter a success. Whether any or all of these vehicle improvements end up boosting profits still remains to be seen. Tesla is one company that consumers, critics, and investors alike are going to keep tabs on. But perhaps the best way to tell of the success or failure of these changes will come by the end of the second quarter. It’ll be clear then whether Tesla made the right or wrong choices.

Sources: CarandDriver; CNN

 

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Ford to Build an Electric Vehicle Using Tech From EV Start-Up

Ford to Build an Electric Vehicle Using Tech From EV Start-Up

The presence of U.S-based car manufacturer Ford in the world of electric vehicles (EVs) is admittedly tiny. But to say that it’s non-existent would be an incorrect statement to make. They’re making small steps to immerse themselves into the EV space in ways that fit Ford seamlessly. They previously announced the planned development of a fully electric F-150 and a crossover inspired by their iconic Mustang. But more could perhaps be put into development sooner than expected.

Ford has recently announced their intentions to invest $500 million into Rivian, an EV startup company. In return, Ford will have a minority stake in Rivian.

This is said to because Ford sees this deal as a “significant opportunity” to put a new EV onto the market sooner than if this deal wasn’t in place.

With this investment, Rivian’s technology will be used in an upcoming EV that’s been designed by Ford.

It won’t affect the previously mentioned vehicles; rather, it’s for a whole new EV. Unfortunately for eager consumers, no other information as to what kind of vehicle it will be has been available. Early speculation had been that it was a pickup truck, but that rumour was promptly squashed. With neither Ford nor Rivian disclosing this information, consumers have been forced to wonder what both companies have in store for them.

As previously mentioned, this isn’t the only thing Ford has done in the EV space. In the past, they announced their commitment to developing other EVs to the tune of a staggering $11 billion. But the American car manufacturer has said that their partnership with Rivian will allow them to learn more about EVs now more than ever before.

When it comes to Rivian, this partnership is sure to be one of their most profitable. But it’s also not their only one. A few months prior, they announced a $700 million investment with corporate giant Amazon. They also received another partnership with German-born car manufacturer Volkswagen. Rivian is said to be developing more models for other companies, although that list of companies isn’t known. The CEO has explained that they’re currently focused on their newfound corporate relationships, as well as launching and executing their products properly.

Ford’s partnership with Rivian is sure to produce a high quality EV that many consumers will enjoy driving. The only questions are what kind of vehicle will it be, and when it will be available for consumers to purchase. It will take plenty of time before those questions and many more will be answered.

 

Until then, consumers can continue to speculate what will come from Ford and Rivian working together.

Source: The Verge

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Canada’s EV Charging Network Continues to Grow.

Canada’s EV Charging Network Continues to Grow.

With the growth of electric vehicles (EVs) growing at a rapid rate throughout Canada, there’s also a growing demand for electric chargers. After all, having way more EVs driving on the road means that there will need to be more EV chargers available for drivers. The last thing anyone wants is for their car to die out in the middle of nowhere.

Petro-Canada and Electrify Canada- owned by Volkswagen- are currently in the process of building out more EV charging networks.

This is set to take place throughout the year, with the help of provincial utilities and similar adopters. Petro-Canada has revealed that they’re going to build 50 EV charging networks across the Trans-Canada Highway, as well as parts of Northern Ontario and the Prairies.

Meanwhile the latter, Electrify Canada, claims that they’ll have 32 EV charging stations available for consumer usage by the end of the quarter.

These stations are going to be built at the Calgary-Vancouver and Québec City-Windsor corridors. Their chargers are capable of carrying 350 kilowatts- a charge that can add 200 kilometres of range in just eight minutes.

These announcements are respectively large and important, especially to those who own an EV in Canada. But they’re far from the only ones. Ateco- an Alberta-based company- had announced back in February that they were going to build about 20 charging networks south of the province by the end of 2019. Such chargers currently live in both Glacier and Yoho National Parks. Popular American EV company Tesla has already started building their own EV charging network, with both chargers and vehicles that support 350 kilowatts of power. These are much smaller than the previously mentioned initiatives, but there’s still important to mention.

Building all of these EV charging networks ensures that those who own an EV are less likely to be without a place to charge their vehicles. These chargers support a capacity of 50 kilowatts, and can charge 320 kilometres of an EV’s range in about an hour. This is far and away faster than the overnight charging of a 6.6 kilowatt level two charger- a charger that most any EV owner can have installed at their own home. This makes these specific EV chargers more powerful and more reliable.

The idea behind installing more EV chargers isn’t just to make the lives of their owners easier. It’s to also help encourage potential consumers from buying one. The psychology behind this is that a potential consumer will realize that the fear of being unable to keep their EV properly charged is unfounded. Not just because of the growth of Canada’s EV charging network, but also the current size of the charging network. There’s already over 500 fast chargers across Canada from over 400 level two and level three charging sites. These sites can be found in behind buildings, near garages, and in parking lots, just to name a few locations.

If you don’t own an EV- or simply don’t care about them- then this move may be seen as a surprise.

But the effort of increasing Canada’s EV charging network is not a surprise for the federal government. The Liberal government had previously committed about $130 million for five years to build chargers and grow charging networks in underprivileged areas of the country. There’s speculation that they’re going to receive some flack from companies for the EV charging network growing. This is due to the high price, increased strain, and reduced battery life from an overheated charger. There’s almost a struggle to find and maintain a balance of power density and energy density.

It’s clear that it’s going to take several years for Canada’s EV charging network to grow to as big as many wish it could be now. It’s also going to be a lot of work to try and keep consumers and companies both happy with their respective wants and needs regarding the matter.

But with the right people dedicated to making it happen, there’s no doubt that Canada will be growing their EV charging network at an alarming rate.

Source: CTV News

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