Rivian R1T poised to make an appearance at major US outdoor trade show


Rivian recently announced its upcoming attendance at Outdoor Retailer’s Summer Market in Denver, Colorado, continuing their embrace of the outdoor adventure community and the company’s “electric outdoor adventure” narrative.

“Our team is headed back to @OutdoorRetailer next week—this time with the #R1T. Look forward to seeing old friends and meeting new ones. Check http://OutdoorRetailer.com for information on how to attend this industry-only event,” the startup’s official Twitter account revealed.

The Outdoor Retailer event is the largest outdoor industry trade show in North America and is primarily focused on business-to-business networking. Three shows are organized by the brand each year – the Summer Market, the Winter Market, and the Snow Show. This year’s Summer Market takes place June 18-20 at the Colorado Convention Center.

Rivian will be joined by other retailers at the outdoor sports show showcasing innovative and unique gear, apparel, and accessories to include adventure travel, backpacking, camping, hiking, climbing, skiing, and snowboarding, among others. The theme of the event and products offered by other attendees are well matched to Rivian’s own tech and branding. The car maker has frequently displayed an impressive tent attachment on the back of the R1T truck, and several features on the vehicle are specifically aimed at carrying gear for camping, hiking, and other similar outdoor activities. For instance, the R1T has a unique tunnel through the middle of the vehicle that can carry things like snow boards, and there are adjustable cargo racks that easily attach/detach from the roof or on top of the truck bed.

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Rivian’s attendance at the Summer Market comes on the heels of their appearance at Amazon’s re:MARS tech expo in Las Vegas. The all-electric car maker also attended the New York International Auto Show and the Overlander Expo West in Flagstaff, Arizona this year.

At each event, new details about the company’s upcoming R1T pickup truck and R1S SUV were revealed, including a portable kitchen built for the R1T gear tunnel and their vehicles’ integration with Amazon’s Alexa digital assistant for voice commands. Rivian sent two team members on a Memorial Day trip to Sedona, Arizona to promote the R1T, kitchen set, and tent attachment via the company’s social media accounts; however, no further details have yet been provided on the Alexa functionality.

In addition to expo appearances, Rivian may have a test drive tour in the works. An attendee of the New York International Auto Show spoke with the company’s team, including CEO RJ Scaringe, and claimed the possibility of a roadshow was discussed that would give potential customers a chance to experience the R1T and R1S while driving. A job posting for a “Test Driver” on Rivian’s website also seemed to confirm this plan, the description for which included “ride and drive demos of Rivian vehicles (Marketing Events, Customer Trade Shows),” among other responsibilities.

As interest in Rivian’s vehicles continues to grow, especially the R1T, Tesla also has its own pickup truck in the works that’s set to be unveiled this summer. It remains to be seen whether the two companies’ vehicles will attract the same customer base – Tesla CEO Elon Musk has often referenced a cyberpunk styling that may not appeal to a wide audience. There is a definite question of price competitiveness, though. Musk recently revealed Tesla’s truck will be priced at $49k or less, while Rivian’s R1T is said to start at $69,000. Rivian’s vehicles are set to be delivered sometime next year, and no timeline has yet been set for the Tesla pickup truck.

Rivian R1T poised to make an appearance at major US outdoor trade show


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Porsche CEO lays bold claim about the Taycan, praises Elon Musk’s ‘courage’


Porsche CEO Oliver Blume recently went on an interview with German publication Handelsblatt, where he discussed the veteran carmaker’s plans for the Taycan, as well as the vehicle’s impressive performance. Blume even took some time to address Tesla CEO Elon Musk, whom he credits for the automotive sector’s current shift towards electrification.

When asked by the publication if he thinks “no one will talk about Tesla” any longer after the Taycan is unveiled, Blume noted that “to be honest, we did not think so.” Blume later elaborated on his statement, stating that he respects Tesla CEO Elon Musk, particularly his “pioneering spirit,” which is one of the things that has shaped Porsche over the years.

“I have absolute respect for the courage of Elon Musk and also for his innovation and pioneering spirit. I like that. Pioneering spirit is a characteristic that also shapes us at Porsche. However, Tesla has taken a different approach in many places. When we set up a new Porsche, we always set the standard for ourselves: the Taycan has to drive like the 911,” Blume said.

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Having the Taycan drive like a 911 will all but ensure that the all-electric four-door will capture the attention of longtime car enthusiasts, perhaps even those who are not open to trying out Tesla’s electric vehicles. This, if any, will open the doors for even the staunchest EV skeptic to try out an all-electric car, thereby accelerating the shift towards sustainable transportation. Blume explained this in more detail.

“I was recently on our racetrack in Italy. And I’m still excited. We have the advantage in electric mobility that we have a lower center of gravity with the battery than the 911. That means the vehicle is even more saturated on the road. In addition, we regulate five times faster than a combustion engine, have no clutch and no cardan (drive) shaft. This, together with our chassis know-how, brings a huge advantage, especially in the driving dynamics in the bends. In addition, unlike other vehicles on the market, we have a gearbox that delivers even more thrust from 150 kilometers (93 mph) per hour,” the Porsche CEO said.

While the Taycan would be an interesting competitor to the Tesla Model S, the Silicon Valley-based electric car maker is reportedly preparing to unveil a refreshed version of the large sedan that has even more range and better performance. Rumors currently point to a range beyond 400 miles per charge, and up to three motors, and improved batteries. It would be quite interesting to see how the Porsche Taycan measures up to Tesla’s upcoming, improved flag-bearer.

The Porsche Taycan has seen a warm reception from the company’s enthusiasts. Since opening reservations for the vehicle, over 20,000 pre-orders have been received by the company. Blume did not reveal Porsche’s annual production estimates for the Taycan, though he did note that the vehicle will see an initial ramp of 10,000 units per year.

Porsche CEO lays bold claim about the Taycan, praises Elon Musk’s ‘courage’


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Tesla owner takes his Model X through deep mud and steep hills in off-road test


While the Tesla Model X is an excellent city car with its futuristic Falcon Wing Doors and its spaceship-like cabin, it turns out that the dual-motor all-electric SUV is actually pretty capable even in areas that are off the beaten path. As showcased in a recent video, the Model X does well in off-road paths, even when it’s equipped with stock tires.

Auto adventure-themed YouTube channel Out of Spec Motoring recently took out a Model X on an off-road course, which included deep mud, a series of steep hills, and sharp undulations. The vehicle was equipped with stock tires as well, though its ride height was set to its highest setting and its slip start function was enabled for the entire run.

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As could be seen in the video, the Model X deals with muddy trails impressively. In several points of the footage, the all-electric SUV’s instant torque could be seen playing an important role in keeping the vehicle planted on the slippery route. Its dual motor AWD setup also helped prevent the Model X from losing traction and getting stuck in areas where the mud was at least a few inches thick.

It should be noted that the Model X is not designed to be a serious off-roader. The vehicle is a very well-mannered car on the road, after all, and it’s known for providing an extremely comfortable ride for up to seven passengers. Nevertheless, watching a stock Model X traversing steep muddy hills, one cannot help but hope that Tesla would eventually release an off-road package for the vehicle. Some proper off-road tires, a higher ground clearance, a tow bar, and some dedicated off-road features would be very compelling.

The Model X’s off-roading feat in the recent video all but invokes excitement for Tesla’s upcoming pickup truck. Elon Musk has suggested that the upcoming vehicle will be capable of performing tasks comparable to a Ford F-150, which all but suggests that the pickup will have better off-road capabilities than the company’s current lineup of vehicles. With this in mind, it seems safe to assume that areas such as those traversed by the YouTube group’s stock Model X will be handled with ease by the Tesla Truck.

Watch a Tesla Model X tackle an off-road course in the video below.

Tesla owner takes his Model X through deep mud and steep hills in off-road test


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SpaceX’s Falcon 9 sticks foggy booster recovery at California landing zone


Update: SpaceX has successfully wrapped up the Radarsat Constellation Mission, likely its last launch from Vandenberg Air Force Base for six to nine months. Supporting its second mission, Falcon 9 booster B1051 completed a flawless launch and landing, returning to SpaceX’s pad-adjacent LZ-4 landing zone after a gentle, (relatively) low-velocity reentry at ~1.6 km/s (3700 mph).

Sadly, the sun was unable to beat back Vandenberg’s iconic fog layer and it’s unlikely that remote cameras (even including SpaceX’s own on-pad webcast cameras) captured anything more than gray fog. According to Teslarati’s photographers, the sonic booms produced by the returning Falcon 9 booster were as spectacular as ever, though.

Despite more than seven months of delays, the Canadian Space Agency (CSA) can finally rest now that all three Radarsat Constellation spacecraft are safely in orbit, completing what is arguably the most arduous leg of most spacecraft journeys. Valued at more than $1 billion, SpaceX has also successfully launched its most expensive payload by a large margin, adding to Falcon 9’s increasingly impressive record of reliability.

Up through the fog… (SpaceX)
Falcon 9 B1051 begins its ~180-degree flip to burn back to the California coast as the upper stage ignites and heads to orbit. (SpaceX)
…. and down through the fog. (SpaceX)
Zero visibility, zero problem. (SpaceX)

SpaceX is just hours away from its sixth Falcon 9 launch of 2019, likely the company’s last Vandenberg Air Force Base (VAFB) mission for the rest of the year (and possibly longer).

Flight proven Falcon 9 booster B1051.1 has been assigned to the launch and will attempt to return to SpaceX’s LZ-4 landing zone after sending Canada’s Radarsat Constellation Mission (RCM) on its way to orbit. Likely weighing approximately 5000 kg (11,000 lb), RCM is comprised of a trio of Earth observation spacecraft with large surface-scanning radars as their primary payloads. At a cost of more than $1 billion, RCM will be the most expensive payload SpaceX has ever attempted to launch. Falcon 9 has a 13-minute window for launch but liftoff is scheduled to occur at 7:17 am PDT (14:17 UTC) on Wednesday, June 12th.

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As it stands, Falcon 9’s RCM launch will last just over one hour from start to finish. B1051 will separate from Falcon 9’s upper stage, fairing, and payload and perform a return-to-launch-site (RTLS) recovery, landing at SpaceX’s LZ-4 pad less than eight minutes after liftoff.

Shown here by one of DigitalGlobe’s (acquired by Maxar Technologies, formerly MDA) WorldView satellites, LZ-4 stands just a quarter mile (430m) away from SpaceX’s SLC-4E launch pad. (Maxar)

LZ-4 sits barely a quarter of a mile away from SLC-4E, the SpaceX-leased pad that B1051.1 will lift off from. Sadly, B1051 is unlikely to remain at SLC-4 after its (hopefully successful) landing at LZ-4 due to the fact that SpaceX has no public missions scheduled to launch from VAFB until Q1 2020 at the earliest. In fact, SpaceX is reportedly planning major organizational changes – set to begin soon after this launch is complete. As such, RCM could be SpaceX’s last launch from California for at least the next six months, a period of downtime that could easily grow to a year or more if tenuous 2020 launch dates suffer payload-side delays.

SpaceX currently has three launches scheduled from its Vandenberg pad in 2020, although one, two, or even all three could easily slip into 2021 based on the limited information available about the payloads in question. In 2021, SpaceX has a fairly busy VAFB manifest of at least six possible launches – possibly more if 2020 missions slip.

Regardless, RCM will be a good temporary send-off to SpaceX’s launch activity in California. Press photographers – unaffiliated with SpaceX – will have the first opportunity ever to remotely capture images of a Falcon 9 booster landing in daylight. Additionally, weather permitting, Vandenberg Air Force Base makes for an exceptionally beautiful venue for rocket launches thanks to the vistas and setting offered by Northern California and the Pacific Ocean.

Current forecasts suggest that the traditional fog layer will begin to clear at 7am local time, around the same time that SpaceX’s RCM webcast will kick off. With any luck, the photographers’ remote cameras will be greeted by a clear Pacific morning come liftoff.

Falcon 9 B1051.1 is ready for its second launch. (Pauline Acalin)
(Pauline Acalin)

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SpaceX’s Falcon 9 sticks foggy booster recovery at California landing zone


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Nikola stands firm on H2, but admits EVs like Tesla Semi will dominate in short routes


In a recent interview, Nikola Motor CEO Trevor Milton noted that while electric trucks like the Tesla Semi will likely dominate short-haul jobs in the future, hydrogen is still the key for tomorrow’s long-haul routes. Speaking with trucking-themed publication Trucks.com, Milton provided some insights on his vision for Nikola’s trucks, his company’s electric vehicles, and why hydrogen makes sense as a sustainable source for propulsion.

Nikola Motor is still a small company, and it is attempting to breach a market that is populated by giants such as Volvo and Daimler. To make this endeavor a success, Milton noted that he needs to “build the iPhone of trucking,” which involves an ecosystem that does not just involve a vehicle, but its fueling infrastructure as well.

“Apple would not be Apple if the iPhone was just a phone. We don’t just provide you with the truck. It was about building the best back end a phone has ever had. And that’s what we do with Nikola… We provide you with all the fuel for the first million miles. When you sign on for Nikola we put in a hydrogen station with all your fuel covered, without any cost variation, for seven years. No one else will do that,” Milton said.

Nikola showcases the Nikola Two. (Photo: Dacia Ferris/Teslarati)
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Nikola is yet to deploy its trucks to the market, and other disruptive companies like Tesla have unveiled trucks of their own. Tesla, for its part, designed the Semi as a fully-electric truck, just like its other vehicles. Amidst the rising competition in the green trucking segment, Nikola has also expressed its interest in offering battery-only versions of its vehicles. Milton explained this strategy in his recent interview, admitting that for some tasks, battery-electric trucks simply make sense.

“Around long-haul, you have more advantage on the hydrogen side because it’s lighter. It’s all about freight weight, or how much it costs to move a freight-ton per mile. There’s advantages to both infrastructures, but we’re mainly focused on the hydrogen side. We just offer battery-electric so we can tell people we’ll shoot you straight. There are areas where hydrogen does not make sense,” he said.

Nevertheless, the Nikola CEO maintained his stance on hydrogen, arguing that batteries still have disadvantages in terms of weight and cost. Milton also mentioned the ethical issues surrounding lithium mining; an issue that has been closely related to the emerging electric car industry, though he did state that batteries are a “really good solution” for short-haul tasks.

The Tesla Semi and the Nikola One.

“The battery alone in an electric truck is going to cost $200,000. We’re shooting for an internal cost of $150,000 for our entire Nikola truck. Our truck also weighs less than the batteries in an electric truck. Now, electric is going to kick our butt in short-haul because it’s a really good solution, but electric trucks are not one size fits all. Right now, they’re digging up mines with child labor to pull lithium out to make batteries, and I’m tired of it. The only things that you can use and reuse indefinitely are water and hydrogen. It is the only resource that will not go away. That’s why we picked the hydrogen route.

“Our hydrogen trucks also take a big battery, so I can’t point the finger at anyone else. I have the same problem everybody else has, and I’m trying to get rid of it. The electric powertrain is the powertrain of the future. How we store the energy for it has got to change. We’ve got to figure out a way, whether it’s through ultra-capacitors or whatever it may be, where you can store all that energy without disrupting these scarce resources. Then the price will come down low enough that we can finally win,” Milton stated.

Battery technology continues to improve with the continued adoption of electric propulsion. Tesla, for its part, is working on removing cobalt from its batteries altogether, allowing the company to address the humanitarian issues surrounding cobalt mines in areas such as the Republic of Congo. During the recently held annual shareholder meeting, Tesla CEO Elon Musk even hinted at Tesla potentially entering the mining business, as a means to acquire the necessary materials for its products’ batteries.

Nikola stands firm on H2, but admits EVs like Tesla Semi will dominate in short routes


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Tesla (TSLA) shows volatility after Elon Musk hints at record Q2, strong Model 3 demand


Tesla shares (NASDAQ:TSLA) proved volatile after the opening bell on Wednesday, as both bullish and bearish analysts took their stance following the electric car maker’s annual shareholder meeting. During the investor event, Tesla CEO Elon Musk, CTO JB Straubel, and VP for Tech Drew Baglino discussed the company’s expansion, its product lineup, and the company’s projects for the coming years.

Musk directly addressed concerns about the Model 3’s alleged weakening demand, a bearish thesis that has gained ground since the company reported its lower-than-expected Q1 2019 figures. During the shareholder meeting, the CEO noted that sales are still exceeding Tesla’s production capabilities, and the company has a pretty fair chance at setting new records this second quarter. “I want to be clear that there is not a demand problem… absolutely not. Sales have far exceeded production, and production has been pretty good. We have a decent shot at a record quarter,” Musk said.

Apart from highlighting the strong demand for the company’s vehicles, Musk also covered Tesla’s lead in electric car technology over more experienced rivals. Showing a slide that compared the efficiency of Tesla’s vehicles compared to the competition such as the Audi e-tron, Musk joked that while he does not want to poke fun at rivals, “there’s room for improvement.” Other projects, such as the Solar Roof, Gigafactory Europe, the Tesla Truck, and Full Self-Driving (among many) were also discussed.

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Tesla’s annual shareholder meeting was received positively by the company’s supporters on Wall Street. Baird analyst Ben Kallo, for one, maintained his $340 price target while reiterating his “Outperform” rating on Tesla. “Management indicated demand is not a concern; we believe the narrative is overly negative and think Bear arguments will be disproven in the coming weeks and months,” the firm noted.

True to form, Tesla bears interpreted the recent shareholder meeting in a negative light. Gabe Hoffman of Accipiter Capital, a longtime TSLA bear, claimed that the event saw Elon Musk dialing down on the company’s plans for a network of full self-driving robotaxis. “Elon already started backtracking on the whole 2020 robotaxi thing,” Hoffman noted, claiming that Musk’s statements were indicative of shifting narratives that the CEO employs to distract investors from the company’s deeper problems.

Hoffman’s comments about the annual shareholder meeting appear to be misplaced, as Musk only reiterated Tesla’s plans to have a fleet of around 1 million robotaxi-capable vehicles by next year during the shareholder meeting. Considering that Tesla equips all its new cars with its custom FSD computer, this goal is more than feasible. This point appears to have been misinterpreted by Hoffman, who seems to have taken Musk’s statements during the previous Autonomy Day to mean that Tesla will have a fleet of Robotaxis by 2020.

The annual shareholder meeting was, in many ways, a show of strength from the electric car maker. Musk, together with the CTO and VP for Tech, exuded confidence in the company’s current and future plans. Straubel, in particular, was very involved, seemingly debunking the speculations that he is starting to distance himself from Tesla. With Musk assuring investors that demand is strong and Q2 could be poised to pleasantly surprise, TSLA stock could very well see more green days before the end of the quarter.

As of writing, TSLA stock is trading -1.57% at $213.70 per share.

Disclosure: I have no ownership in shares of TSLA and have no plans to initiate any positions within 72 hours.

Tesla (TSLA) shows volatility after Elon Musk hints at record Q2, strong Model 3 demand


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SpaceX’s next Falcon Heavy to usher Air Force into a new era of reusable rockets


After a few late-stage schedule tweaks, SpaceX’s third Falcon Heavy launch – set to deliver 24 spacecraft to a variety of orbits – is ready to usher the US Air Force into a new age of commercial rocket refuse as early as 11:30 pm ET (03:30 UTC), June 24th.

Split among the USAF, Department of Defense (DoD) research labs, NASA, NOAA, and a few US universities, STP-2’s 24 satellites will launch aboard SpaceX’s second Falcon Heavy Block 5 rocket. Both side boosters are flight-proven, having supported Falcon Heavy Block 5’s launch debut on April 11th, just 54 days ago. If all goes as planned, STP-2 will simultaneously give the USAF the data it needs to fully certify Falcon Heavy for all military launches and set the US military up to certify flight-proven commercial rockets for future launch contracts.

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Signalling just how important the company feels this mission is, a dedicated STP-2 website created by SpaceX offers an excellent explanation of all aspects of the mission, from the technical to the strategic.

The STP-2 mission will be among the most challenging launches in SpaceX history with four separate upper-stage engine burns, three separate deployment orbits, a final propulsive passivation maneuver and a total mission duration of over six hours. In addition, the U.S. Air Force plans to reuse side boosters from the Arabsat 6A Falcon Heavy launch, recovered after a return to launch site [RTLS] landing, making it the first reused Falcon Heavy ever flown for the U.S. Air Force.

[STP-2] will demonstrate the capabilities of the SpaceX Falcon Heavy launch vehicle and provide critical data supporting certification for future National Security Space Launch (NSSL) missions. In addition, [the Air Force Space & Missile Systems Center (SMC)] will use this mission as a pathfinder for the development of mission assurance policies and procedures related to the reuse of launch vehicle boosters.SpaceX.com/STP-2

Following the ~June 1st arrival of Falcon Heavy center core B1057, all STP-2 launch hardware is now on site at SpaceX’s Pad 39A launch complex and nearby payload processing facilities. Although we will have to wait for official photo confirmation, SpaceX is likely in the late stages of integrating Falcon Heavy’s three boosters and upper stage, while some combination of DoD and SpaceX technicians are presumably in the middle of preparing all 24 STP-2 satellites for launch.

Falcon Heavy Flight 3’s next visible milestone will probably be the integrated rocket’s roll-out to Pad 39A for a routine static fire test, likely to occur 3-7 days prior to June 24th.

The first Block 5 version of Falcon Heavy prepares for its launch debut.
Although the center core (B1055) was not recovered intact, both side boosters (B1052 and B1053) completed a flawless landing and will be reused on STP-2. (SpaceX)

Record-breaking reusability

Incredibly, despite the schedule overhead likely added by this mission’s crucial pathfinder nature, the current June 24th launch date would permit side boosters B1052 and B1053 to simultaneously break SpaceX’s current booster turnaround record. Set in mid-2018 by B1045 on SpaceX’s last non-Block 5 launch, the record turnaround (time between launches) of 72 days would be beaten at 68 days for STP-2, barring any additional delays.

USAF photographer James Rainier's remote camera captured this spectacular view of Falcon Heavy Block 5 side boosters B1052 and B1053 returning to SpaceX Landing Zones 1 and 2. (USAF - James Rainier)
Falcon Heavy side boosters B1052 and B1053 land at Landing Zones 1 and 2 (LZ-1/LZ-2) after their launch debut and Falcon Heavy’s first commercial mission. Both will fly again as part of the STP-2 mission. (USAF – James Rainier)

Whether STP-2’s side boosters literally beat SpaceX’s 72-day reusability record is immaterial to the actual significance of this milestone. If SpaceX can beat its old record as part of what is arguably its most complex launch ever, it’s safe to say that Block 5 reusability – particularly for gently-used boosters – is already a spectacular success. It also suggests that SpaceX technicians and launch engineers are becoming extremely familiar and comfortable with Falcon Heavy launch operations, to the extent that two boosters used on two Falcon Heavy launches could break SpaceX’s most significant reusability record.

Check out Teslarati’s newsletters for prompt updates, on-the-ground perspectives, and unique glimpses of SpaceX’s rocket launch and recovery processes

SpaceX’s next Falcon Heavy to usher Air Force into a new era of reusable rockets


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Tesla soars past 40k total registrations in Norway, Model 3 leads the charge


The total number of Tesla Model S, Model X, and Model 3 registrations in Norway crossed the 40,000 mark last week, according to Teslastats.no, a website tracking Tesla registrations in the country.

The Model S now makes up about 50% with nearly 20,000 registrations, the Model X at 30% with over 12,000 registrations, and the Model 3 represents about 20% with nearly 8,000 registrations. However, Model 3 sales have consistently represented the majority of Tesla’s month-to-month sales in Norway since the all-electric midsize sedan began arriving in February.

In May, Tesla’s registrations in Norway represented about 22% of all new zero emissions vehicles (ZEVs) registered for the month, according to the Norwegian Road Traffic Information Council. Out of the 4,655 new ZEVs registered in the country, the California-based car maker’s vehicles totaled 1,017. The Model 3 led the demand, making up about 70% of Tesla’s total for May.

Tesla registration stats in Norway. | Credit: Teslastats.no
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ZEVs now represent over 35% of Norway’s total auto market share, and that number is expected to increase as the country moves closer to its goal of banning fossil fuel cars by 2025. The Scandinavian country is already a leader in transitioning to a carbon neutral economy with aggressive policies and incentives in place to encourage the change. For instance, electric vehicles only pay a 50% maximum of tolls for ferries, public parking, and toll roads, and all cars are subject to a progressive tax system based on their emissions – high emissions have high taxes.

Tesla registration stats in Norway. | Credit: Teslastats.no

Tesla CEO Elon Musk has praised Norway for its clean energy vision in the past, citing both its hydropower-driven grid and its transition to emissions-free vehicles. Musk also lauded Norwegians for their commitment to a carbon free environment. “Norwegians should be proud. You’re in the front seat and a world leader in this field,” he said during a talk in 2016. When Norway made the decision to ban fossil fuel cars, he tweeted his enthusiastic support for the move. “Just heard that Norway will ban new sales of fuel cars in 2025. What an amazingly awesome country. You guys rock!!”

Overall, Norway seems to be a microcosm of what Musk is pushing for on a global scale: clean energy and clean transportation. The country’s enthusiasm for Tesla’s products isn’t surprising given their similar missions.

Tesla soars past 40k total registrations in Norway, Model 3 leads the charge


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Tesla (TSLA) rises amid Roth Capital’s ‘Buy’ rating, Baird’s positive Model 3 outlook


Tesla stock (NASDAQ:TSLA) continued its rise on Monday amidst the release of two positive outlooks from Roth Capital Partners and Baird, both of whom have expressed their optimism on the electric car maker and the demand for its vehicles, especially the Model 3.

Following meetings with several Chinese EV producers and relevant supply chain participants, Roth Capital Partners analyst Craig Irwin upgraded Tesla shares from a “Neutral” rating to a “Buy.” Irwin also gave the electric car maker a $238 per share price target.

Irwin noted that while rising battery costs will likely be a 2019 margin headwind for Tesla, demand for the company’s electric cars in China will likely be stronger than what was previously anticipated. Considering that China’s Model 3 deliveries were expected to have reached 2,324 units in May, Tesla could very well see a “credible” second half of 2019, according to Irwin.

Longtime TSLA bull Ben Kallo from Baird also noted on Monday that he expects positive news from the electric car maker during its Annual Shareholder Meeting on Tuesday, June 11, 2019, at the Computer History Museum located in Mountain View, CA. Kallo maintained his optimistic $340 per share price target for Tesla stock, a 66% upside from TSLA’s closing price last Friday.

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The Baird analyst further argued that Model 3 demand had been underestimated, particularly amidst the recent emergence of the “demand problem” thesis from the company’s skeptics. “Weak demand remains at the forefront as a bear argument, and while it appears Model S+X demand has softened, we continue to believe Model 3 demand is underestimated. Positive updates in recent weeks, including leaked emails and reports of strong deliveries, appear to have improved sentiment on demand, which we view positively,” Kallo stated.

Roth Capital and Baird are not the only firms that have taken a positive stance on Tesla recently. Piper Jaffray analyst Alexander Potter also maintained his “Overweight” rating on TSLA stock, as well as his $396 per share price target. In a note to the firm’s clients, Potter noted that among the reasons to doubt his Overweight thesis, Tesla’s “weak demand is among the least convincing.”

Tesla appears to be poised to surprise this second quarter, as suggested by a leaked Elon Musk email which hinted at the company potentially exceeding its record deliveries in Q4 2018, a time when over 90,000 vehicles were delivered to customers. A later email from the CEO to Tesla employees also noted that the company needs to dig deep this second quarter to achieve an “all-time record for Tesla vehicle deliveries and an awesome victory.”

As of writing, Tesla stock is trading +5.70% at $216.11 per share.

Disclosure: I have no ownership in shares of TSLA and have no plans to initiate any positions within 72 hours.

Tesla (TSLA) rises amid Roth Capital’s ‘Buy’ rating, Baird’s positive Model 3 outlook


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Tesla Model Y joins stunning red Roadster at annual shareholder meeting


Tesla appears to be adopting a bolder stance this year at its annual shareholder meeting (LIVE Blog), with the electric car maker showcasing three of its upcoming vehicles — the new Tesla Roadster, the Tesla Semi, and the Tesla Model Y — at the event’s venue. All three vehicles look stunning, particularly as each one is sporting a sleek red finish.

Images of the three vehicles initially made the rounds on social media among the Tesla community, several of whom were shareholders themselves who are attending the event. Particularly interesting was the red Model Y on display, which appears to be making its first public appearance today. Prior to the annual shareholder meeting, Tesla has only unveiled two units of the Model Y: a (potential) white dummy with blacked out windows that made its appearance at the vehicle’s unveiling, and a deep blue metallic prototype that was used for test drives.

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Contrary to the white Model Y dummy that was displayed at the all-electric crossover’s unveiling event, the red vehicle displayed at the grounds of the Computer History Museum in Mountain View, CA appears to be a working prototype, as hinted at by the unit’s finished interior. While Tesla could have simply wrapped the blue Model Y with a metallic wrap for the event (similar to what the company did for the matte black Tesla Semi), it is difficult to deny that the all-electric 7-seater looks great in red.

Tesla’s display vehicles this year are notably bolder than the previous year’s. In the 2018 annual shareholder meeting, Tesla opted to showcase a more understated white Tesla Roadster and the silver Tesla Semi. Both electric vehicles were still showstoppers in their own right, but they do feel quite muted compared to Tesla’s blazing displays for this year’s annual meeting.

So why the red? The color choice is quite interesting considering that the shade is widely associated with intense emotions such as determination. Red is also associated with good fortune in China, a country with a massive EV market that Tesla is attempting to breach with Gigafactory 3’s made-in-China Model 3. Of course, Tesla could have also gone for an all-red vehicle display simply because the Roadster, Model Y, and Semi look great in the color (and that’s perfectly okay too).

Tesla’s annual shareholder meeting will begin at 2:30 p.m. Pacific Time at the Computer History Museum located in Mountain View, CA. Similar to Autonomy Day, the upcoming shareholder meeting will be livestreamed. A link for the event’s livestream could be accessed here. Teslarati will also be live-blogging the investor event, to provide a blow-by-blow account of the meeting for readers who are unable to access the video stream.

Tesla Model Y joins stunning red Roadster at annual shareholder meeting


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