Tag Archive | "Tesla"

Tesla is Not Really a Luxury Car, Says Lucid Motors CTO

Electric car startup Lucid Motors CTO says that their core competitor is an S-Class Mercedes, not a Model S Tesla. “We differ in that we are truly a luxury brand,” says Peter Rawlinson, Chief Technology Officer of Lucid Motors. “If you look at Tesla they’re high-tech, they’re beautifully engineered, they’re very disruptive, and they’re premium price, but you only have to get inside a Tesla to recognize it’s not a really a luxury car. It’s a premium car but not true luxury.”

Peter Rawlinson, Chief Technology Officer of Lucid Motors Inc., discussed comparisons with Tesla, Saudi Arabia funding, and rumors of a Ford acquisition in an interview on CNBC:

Tesla is Not Really a Luxury Car

We’re on track and the start of production is slated for the end of next year in 2020. We’ll have a range of prices. The initial batch of cars that we sell will be highly specified so therefore they’ll average over a $ 100,000. But we’ll make progressively more affordable versions of the car available as we ramp up production. Our car is operating in a different sector of the market. It’s truly a luxurious car so we’re really you need to compare us with a Mercedes-Benz S-Class, not something like a C-Class Mercedes.

An S-Class Mercedes is our core competitor, but a Model S Tesla would be a comparative electric model. But we differ in that we are truly a luxury brand. If you look at Tesla they’re high-tech, they’re beautifully engineered, they’re very disruptive, and they’re premium price, but you only have to get inside a Tesla to recognize it’s not a really a luxury car. It’s a premium car but not true luxury.

We start in production in Casa Grande, Arizona in late 2020 and we gradually ramp up production throughout 2021 and 2022. We’ll ramp production up from just a few cars to 50,000 units a year within two or three years. New cars will hit the road very early 2021.

Saudi Arabia is a Strong Strategic Partner

We’re delighted to have the public investment fund of Saudi Arabia as strategic investors in Lucid Motors. They’ve invested in the management team in the vision for the product, and in the technology that we have at Lucid. All our powertrain is designed and created in-house. It’s world-class technology and that’s what attracted them to us. They’re a great partner because in return we can work with them in enabling their vision to transition the economy of Saudi Arabia away from one which is heavily dependent upon fossil fuels. Moreover, together, we can create hundreds of high-tech jobs both in the state of California and in Arizona.

I really can’t speak for what moves they’ve made with Tesla. I can only speak for the relationship with Lucid and we’re very strong strategic partners. There’s a spiritual alignment. We both are very committed to really transition towards a more sustainable mobility model. We believe that the way to do that is first to make the very best car in the world, make it in the US, create a premium or luxury brand which is Lucid, and make that a global player. As a consequence, progressively make other models, other cars, which are progressively more affordable and then more people can benefit and we can actually have a meaningful impact on the environment and the impact that can have on global warming.

Moving the Way That Mankind is Mobilized

The key story is that we have an alignment, a partnership, to do something which is very meaningful and very good for many people, for this generation and for future generations, in moving the world of mobility, the way that mankind is mobilized, to a more sustainable model. I really believe that is our focus, that is my passion, and it’s something that we can do in partnership. The public investment fund of Saudi Arabia is enabling us to exercise that vision.

We believe that with the partnership that we’ve gotten, the strength of that partnership, and the future we have with a ten-year plan, Lucid can be hugely valuable we’re not contemplating a sale (to Ford or others). What we would contemplate is potential partnerships in technology. We think we have world-class technology that all the world could benefit from. A lot of the incumbents, OE’s, the traditional automakers, haven’t got the technology that we’ve developed. I think they could benefit from that. So I think that model would work, but a sale no.

The post Tesla is Not Really a Luxury Car, Says Lucid Motors CTO appeared first on WebProNews.

WebProNews

Posted in Latest NewsComments Off

Billionaire Ron Baron: By 2030 Tesla Could be a Trillion Dollar Company

Billionaire investor Ron Baron says that by 2030 Tesla could be a trillion dollar company. He says it’s clear that Tesla will be at $ 60 billion in sales within the next 3-4 years. Baron added, “It’s remarkable what Elon Musk has done.”

Ron Baron, Founder of Baron Capital, discussed his bullish opinion of Tesla on CNBC:

By 2030 Tesla Could be a Trillion Dollar Company

It was a good quarter for Tesla. They had $ 6.8 billion in sales versus $ 4 billion, so it’s up 70 percent. They made a billion for cash flow in the quarter before they spent on investing. That means they’re at an annualized rate of $ 5.5 billion of cash flow before they spend them investing. The company is valued for $ 60 billion, so it’s 11 or 12 times earnings, that’s not bad.

In addition to that, they are growing at 50 percent a year. I think that this year they did sales at $ 20 billion. We started in 2014 when they were doing $ 3.7 billion and this year it’s $ 20 billion, next year is $ 30 billion. I think that in 12 to 13 years, by 2030, this could be a trillion dollar company. I think it’s clear they’re going to be $ 60 billion in three or four years. This could be a really big company.

Cash Flow Doesn’t Appear to be a Problem

As the cash flow goes, when I look at the numbers it doesn’t appear to be the problem. Elon Musk says it’s not a problem, I take him at his word. He could have sold equity a year and a half ago at $ 370 to $ 380 a share, people were scrambling to buy, he chose not to. You have these businesses that they invest and when they’re investing they penalize profitability.

When you build a faith factory and you spend $ 300 million on the factory and it’s built for 250,000 cars a year and you’re doing 20,000 cars a year or 30,000, you’re not going to be profitable with that. But all of a sudden, you get it to 250,000 cars a year, you’re making $ 150 million on a $ 300 million investment, then you can double it. You’re at the point now where incremental investments are going to be incredibly profitable. They are now doing 5,000 cars a week, they’re going to be able to do Model 3 for virtually no additional investment. They’re going to get to 7,000 cars a week.

It’s Remarkable What Elon Musk Has Done

They told Wall Street this quarter that just ended that they were hoping to produce a gross profit margin of 15 percent on the Model 3 and it came out over 20 percent. Internally, they were hoping for 20 percent and he kept calling meetings, you got to cut costs here, you’ve got to watch that. When you’re building something from the ground up it’s not easy, it’s not easy doing what he’s done, remarkable what he’s done.

When he started making the Model S and Model X, those cars initially, when they were selling for over $ 100,000 a car, they had gross profits of 20 percent. Now they’re in the 90s for the car and the gross profits are 31 percent. Gross profits keep going up even though the price has gone down. The same thing is going to happen with this car. I think the gross profits on the Model 3 are going to be as good as they are on the Model S and X and I think the Model Y is going to be the best one they’ve ever had.

The post Billionaire Ron Baron: By 2030 Tesla Could be a Trillion Dollar Company appeared first on WebProNews.

WebProNews

Posted in Latest NewsComments Off

Tesla Runs Tau In American Samoa Island On Solar Power

Tesla has announced that their simpler solar panels are nearly entirely powering the island of Ta’u in American Samoa.

SolarCity developed a microgrid with 1.4 megawatts of solar generation capacity — enough to power nearly 100% of the island, according to a SolarCity blog posted on Tuesday seen by latest solar news web site. The microgrid is enabled by 60 Tesla Powerpacks, the company’s large commercial battery, which can store solar energy at night.


Latest solar news

Find More Articles

Posted in Latest NewsComments Off

Tesla Runs Tau In American Samoa Island On Solar Power




style="display:inline-block;width:250px;height:250px"
data-ad-client="ca-pub-7815236958543991"
data-ad-slot="8717335615">

Tesla has announced their solar panels are nearly entirely powering the island of Ta’u in American Samoa.

SolarCity developed a microgrid with 1.4 megawatts of solar generation capacity — enough to power nearly 100% of the island, according to a SolarCity blog posted on Tuesday. The microgrid is enabled by 60 Tesla Powerpacks, the company’s large commercial battery, which can store solar energy at night.

Latest solar news

Posted in Latest NewsComments Off

Informations About Tesla Generator

The Tesla generator is an alternative source of energy.

There is renewed interest in the Tesla generator as a source of alternative energy. Alternative energy sources are environmentally friendly and contribute to the improvement of the environment, these sources do not emit toxic emissions than conventional energy production. In addition, alternative energy sources, taking advantage of the unlimited energy and conserve scarce resources. We see age using the wind as an energy source because it is used for many centuries. The resulting rotation of the power is converted into usable energy for electric generators. Old windmills were extremely popular in that converts the mechanical movement of the blade of physical energy in ground grain and pump water. One of the main disadvantages of wind energy is the variability of wind energy, and the result is a fragmented flow of energy. Another difficulty is that this energy does not have the storage capacity for later use. Solar energy is an alternative source of energy to power a wide range of devices and is normally used for heating and cooking inside. The solar energy is converted into electrical energy. Another essential aspect is that the construction of large solar panels require significant upfront costs, most stay away from the use of this energy.

Tesla Generator is ideal for home use

Always associated with the creator of Tesla, Nikola, the electric generator for creating a cheap source of energy that has little or no negative effect on the environment. This particular generator is not based on fossil fuels and other renewable energies at work. Furthermore, these generators can convert a small amount of energy in a much larger, so it can be used as an energy source in the home. Interested in using Tesla generator plans to build a house you can be found in many online stores. The biggest advantage is the generator; the largest set usually costs less than a hundred dollars. You can greatly reduce the electricity bill. In addition, the generator can produce more energy than home use, such as solar energy, you can be expected to sell power to the grid. The electricity generator does not require much maintenance, when it was built.

Technology secret underground Tesla generators

The benefits of different energy sources preached at length but have little money to build and maintain solar and wind energy, which is large enough to provide a significant part of the energy of a typical average family measure. Renovation of buildings with less energy, which is wise, but still part of the draft common law power. In addition, solar energy, you might have to create a battery bank. It’s time to return on solar panels and wind. The profitability of the border can not be several years in expectations. The cost of purchasing and installing the solar panels are not the end of the cost. Parts can be purchased on site at the end of electronics. Instructions are included in the book of the secrets of Tesla it is easy to follow, so it is always a non-technological spirit can mount the drive in a couple of hours. Tesla generator can be used day and night to avoid a bank of expensive batteries.


Latest solar news

More Articles

Posted in Latest NewsComments Off


Advert