Tesla (NASDAQ:TSLA) announced on Wednesday that it had closed its $2.7 billion offering of stock and convertible notes. The electric car maker also noted that it had oversubscribed its funding round, giving the company ample cash as it ramps up Model 3 production and prepares for other high-profile projects like the rollout of the Model Y and the Tesla Semi.
Overall, Tesla sold about $860 million in TSLA stock and $1.84 billion in debt, after the underwriters exercised their option of buying 15% in each offering. Tesla’s filings indicate that its recently-completed funding round was underwritten by Goldman Sachs, Bank of America, Societe Generale, Citigroup, Deutsche Bank, Morgan Stanley, Credit Suisse, and Wells Fargo.
The completion of Tesla’s latest funding round came just a day after Elon Musk confirmed that he purchased a total of $25 million worth of TSLA stock for $243.00 per share. Musk’s purchase involved 102,880 shares, bringing his total of Tesla stock to 33,927,560 shares, or around 19.5% of the company.
As Tesla prepares to ramp its activities with its new funding, veteran automaker BMW has expressed its intention to put pressure on the electric vehicle market. BMW had a tough first quarter, reporting earnings of $667 million, or down 75% year over year. Despite this, BMW’s management reiterated the company’s commitment to electrification.
BMW noted that the company currently holds 11% of the US luxury market, which is double Tesla’s share, thanks to its lineup of internal combustion-vehicles like the BMW 5-Series (which competes with the Model S), the X5 (which is in the same segment as the Model X), the 3-Series (which competes with the Model 3), and a variety of other models. Tesla only offers three vehicles that compete on the US luxury market, though the electric car maker has noted that the Model S outsells its equivalent BMW competitor by 2-3 times.
While BMW commands a larger portion of the US luxury market than Tesla, the German automaker lags behind the Silicon Valley company in terms of EV sales. BMW delivered more than 27,000 electric cars so far in 2019, while Tesla delivered more than 63,000 in the first quarter alone. Nevertheless, BMW notes that its electric vehicle figures will increase as it initiates its “25 by 25” program, which is aimed at rolling out 25 electric and electrified vehicles by 2025.
As the electric vehicle market enters another stage with a freshly-funded Tesla, BMW Chairman Harald Kruger expressed his confidence that the German automaker will remain competitive. “In Europe, our percentage of electrified vehicles delivered is three times the industry average. In 2018, we were the market leader for electrification in both Europe and Germany—not just in the premium segment, but in the market as a whole. We plan to maintain a leading position going forward—both in Europe and worldwide,” he said.
As of writing, Tesla stock is trading +0.93% at $249.37 per share.
Disclosure: I have no ownership in shares of TSLA and have no plans to initiate any positions within 72 hours.
Tesla (TSLA) completes $2.7B funding round as BMW pledges more EV competition
<!–
View Comments
–>
var disqus_shortname = «teslarati»;
var disqus_title = «Tesla (TSLA) completes $2.7B funding round as BMW pledges more EV competition»;
var disqus_url = «https://www.teslarati.com/tesla-tsla-completes-2-billion-funding-round-bmw-25-evs-2015/»;
var disqus_identifier = «teslarati-103559»;
SpaceX President and COO Gwynne Shotwell has revealed that the company’s first dedicated Starlink launch is scheduled for May 15th and will involve “dozens” of satellites.
Corroborated by several sources, the actual number of Starlink satellites that will be aboard Falcon 9 is hard to believe given that it is a satellite constellation’s first quasi-operational launch. Suffice it to say, if all spacecraft reach orbit in good health, SpaceX will easily become the operator and owner of one of the top five largest commercial satellite constellations in the world with a single launch. Such an unprecedentedly ambitious first step suggests that the perceived practicality of SpaceX’s Starlink ambitions may need to be entirely reframed going forward.
In short, it’s hard to exaggerate just how much of a surprise it is to hear that SpaceX’s very first Starlink launch – aside from two prototypes launched in Feb. 2018 – will attempt to place “dozens” of satellites in orbit. Competitor OneWeb, for example, conducted its first launch in February 2019, placing just five satellites in orbit relative to planned future launches with 20-30. To go from 2(ish) to “dozens” in a single step will break all sorts of industry standards/traditions.
Despite the ~15 months that have passed since that first launch, SpaceX’s Starlink team has really only spent the last 6-9 months in a phase of serious mass-production buildup. As of now, the company has no dedicated satellite factory – space in Hawthorne, CA is far too constrained. Instead, the design, production, and assembly of Starlink satellites is being done in 3-4 separate buildings located throughout the Seattle/Redmond area.
SpaceX’s Starlink team has managed to transition almost silently from research and development to serious mass-production (i.e. dozens of satellites) in the space of about half a year. The dozens of spacecraft scheduled to launch on SpaceX’s first dedicated mission – likely weighing 200-300 kg (440-660 lb) each – have also managed to travel from Seattle to Cape Canaveral in the last few months and may now be just a few days away from fairing encapsulation.
To some extent, the first flight-ready batch of “dozens” of satellites are still partial prototypes, likely equivalent to the second round of flight testing mentioned by CEO Elon Musk last year. This group of spacecraft will have no inter-satellite laser (optical) links, a feature that would transform an orbiting Starlink constellation into a vast mesh network. According to FCC filings, the first 75 satellites will be of the partial-prototype variety, followed soon after by the first spacecraft with a more or less finalized design and a full complement of hardware.
If this is just step one…
Meanwhile, Shotwell – speaking at the Satellite 2019 conference – suggested that SpaceX could launch anywhere from two to six dedicated Starlink missions this year, depending on the performance of the first batch. Put a slightly different way, take the “dozens” of satellites she hinted at, multiply that number by 6, and you’ve arrived at the number of spacecraft she believes SpaceX is theoretically capable of producing and delivering in the next 7.5 months.
“Dozens” implies no less than two dozen or a bare minimum of 144 satellites potentially built and launched before the year is out. However, combined with a target orbit of 450 km (280 mi) and a planned drone ship booster recovery more than 620 km (385 mi) downrange, 36, 48, or 60 satellites seem far more likely. Tintin A/B – extremely rough, testbed-like prototypes – were about 400 kg (~900 lb) each.
As an example, SpaceX’s eight Iridium NEXT satellite launches had payloads of more than 10,000 kg (22,000 lb), were launched to an orbit around 630 km (390 mi), and required a upper stage coast and second burn on-orbit. Further, Iridium missions didn’t get the efficiency benefit that Starlink will by launching east along the Earth’s rotational axis. Despite all that, Falcon 9 Block 5 boosters were still able to land less than 250 km (155 mi) downrange after Iridium launches. Crew Dragon’s recent launch debut saw Falcon 9 place the >13,000 kg (28,700 lb) payload into a 200 km (125 mi) orbit with a drone ship landing less than 500 km (310 mi) downrange, much of which was margin to satisfy safety requirements.
Starlink-1’s target orbit is thus a third lower than Iridium NEXT, while its drone ship will be stationed more than 2.5 times further downrange. Combined, SpaceX’s first Starlink payload will likely weigh significantly more than ~13,000 kg and may end up being the heaviest payload the company has yet to launch.
Assuming a payload mass of ~14,000 kg (~31,000 lb) at launch, a worst-case scenario with ~400 kg spacecraft and a 2000 kg dispenser would translate to 30 Starlink satellites. Cut their mass to 300 kg and the dispenser to 1000 kg and that rises to ~45 satellites. Drop even further to 200 kg apiece and a single recoverable Falcon 9 launch could place >60 satellites in orbit.
Of course, this entirely ignores the elephant in the room: the usable volume of SpaceX’s standard Falcon payload fairing. It’s unclear how SpaceX would fit 24 – let alone 60 – high-performance satellites into said fairing without severely constraining their design and capabilities. SpaceX’s solution to this problem will effectively remain unanswered until launch, assuming the company is willing to provide some sort of press release and/or offer a live view of spacecraft deployment on their webcast. Given the cutthroat nature of competition with the likes of OneWeb, Telesat, LeoSat, and others, this is not guaranteed.
At the end of the day, such a major leap into action bodes extremely well for SpaceX’s ability to realize its ambitious Starlink constellation, and do so fast. For those on Earth without reliable internet access or any access at all, the faster Starlink – and competing constellations, for that matter – can be realized, the sooner all of humanity can enjoy the many benefits connectivity can bring. For those that sit under the thumb of monopolistic conglomerates like Comcast and Time Warner Cable, relief will be no less welcome.
Stay tuned as we get closer to Starlink-1’s May 15th launch date. Up next is a static fire of the mission’s Falcon 9 rocket, perhaps just two or three days from now.
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 Starlink launch debut to orbit dozens of satellites later this month
<!–
View Comments
–>
var disqus_shortname = «teslarati»;
var disqus_title = «SpaceX’s Starlink launch debut to orbit dozens of satellites later this month»;
var disqus_url = «https://www.teslarati.com/spacex-schedules-starlink-launch-debut/»;
var disqus_identifier = «teslarati-103494»;
Tesla has released a Model 3 tow hitch for European markets. The accessory is available for order in the Model 3 configurator, and is rated to tow up to 910 kg (around 2,000 lbs). With the tow hitch installed, the Model 3’s software will monitor trailer movements, adjusting wheel braking as necessary.
Tesla is offering the Model 3 tow hitch as a £970 (around $1,200) add-on for the electric sedan. Quite interestingly, Tesla notes in the European Model 3 configurator that the tow hitch cannot be installed after delivery, suggesting that vehicles that have already been delivered will not be compatible with the accessory. Members of the r/TeslaMotors subreddit who are from Europe state that the current no-retrofit rule for the Model 3’s tow hitch might be due to regulations in the region.
Elon Musk himself has stated that the Model 3 will have its own tow hitch, mentioning that there will be an optional accessory for the vehicle when it gets released. One can only hope that in the near future, tow hitch retrofits for existing Model 3 vehicles in Europe will be allowed in the future.
The Model 3 tow hitch has the potential to push even more sales of the electric sedan in Europe, mainly since the accessory is quite popular among motorists in the region. Trailers are widely used in European markets, with drivers using them even for simple tasks such as short trips to a grocery or an appliance store. For tasks such as these, the Model 3 tow hitch will be more than enough.
In the United States, Model 3 owners have explored aftermarket and DIY solutions to give their electric sedans the capability to tow. Last year, Tesla owner enthusiast Ben Sullins of Teslanomics collaborated in such a project with tech YouTuber JerryRigEverything, installing a DIY tow hitch on a Model 3 that allowed the vehicle to tow almost 2,000 pounds. Observations from the YouTube influencers suggested that the Model 3 did not feel too weighed down while it was pulling the heavy load.
Tesla’s electric cars are quite ideal for towing, especially with the instant torque produced by their electric motors. This has resulted in several impressive towing feats in the past. The Tesla Model X, for example, has managed to pull an actual aircraft over an airport runway. The all-electric SUV had also been filmed hauling 250,000 pounds of dirt from a Boring Company tunnel.
Tesla releases Model 3 tow hitch for European markets
<!–
View Comments
–>
var disqus_shortname = «teslarati»;
var disqus_title = «Tesla releases Model 3 tow hitch for European markets»;
var disqus_url = «https://www.teslarati.com/tesla-introduces-model-3-tow-hitch-europe/»;
var disqus_identifier = «teslarati-103545»;
Tesla increased its market share last month in Germany’s auto market from .03% to .19%, according to the latest data from the Association of International Motor Vehicle Manufacturers comparing German auto registrations between April 2018 and April 2019. A total of 575 Teslas were registered in April 2019, representing a 442% increase over registrations in April 2018. Tesla’s increase in the German market from month to month also represented the highest growth out of all automotive brands in the country.
Tesla’s total number of cars registered in April 2019 represents a higher percentage of the total vehicles sold in Germany for the month by Alfa Romeo and Lexus, which commanded a market share of 0.12% and 0.11%, respectively. Given the current trends, Tesla’s market share in Germany will likely continue to grow as the all-electric car manufacturer continues its sales push into the European market. This suggests that Tesla’s blend of practicality, performance, and tech-driven luxury has enabled the company to carve out its own niche in a market associated with luxury automobiles.
The backdrop of impending emissions regulations set to take force in Europe looks to be making a significant show in the German car market as the number of alternative power vehicles registered in the country continues to increase. Electric vehicles showed a 50% growth over the past year, while hybrid car registrations increased by 5.4%. Diesel-fueled vehicle registrations remained stagnant in a year-to-year comparison between 2018 and 2019, while gasoline-powered vehicle registrations dropped 5.1% for the same time period.
Tesla’s efforts aimed at increasing sales in the German market showed hints earlier this year, when the combined sales of the Model S, Model 3, and Model X began approaching those of another German-born luxury brand: Porsche. In March, Porsche had 2,723 new vehicle registrations in the country, while Tesla posted 2,367. The gap has widened again in April, with Porsche’s registrations totaling 3,093 against Tesla’s 575; however, momentum still remains with Tesla. Porsche’s April 2019 sales represented 0.62% growth compared to April 2018 vs. Tesla’s 442% for the same period. Porsche’s cumulative sales for 2019 are also down about 25% in Germany.
Germany may see Tesla’s market share jump into native brand territory in the future if Gigafactory Europe is eventually built within its borders. In a series of tweets last summer, CEO Elon Musk revealed that the country was being seriously considered for the facility. “Germany is a leading choice for Europe. Perhaps on the German-French border makes sense, near the Benelux countries,” he tweeted. A Gigafactory in Europe stands to be a lucrative investment for Tesla in its efforts to saturate the region with its competitively priced Model 3 and possibly its coming Model Y.
Tesla sales leap over 400% in Germany as Model 3’s European push continues
<!–
View Comments
–>
var disqus_shortname = «teslarati»;
var disqus_title = «Tesla sales leap over 400% in Germany as Model 3’s European push continues»;
var disqus_url = «https://www.teslarati.com/tesla-sales-leap-400-percent-model-3-push-germany/»;
var disqus_identifier = «teslarati-103403»;
Tesla is concerned about a global shortage of minerals required for production of electric vehicle batteries, with the electric car maker recently warning major industry players and US government representatives of an upcoming mineral supply challenge due to underinvestment in mining sources, according to a report published by Reuters. Representatives in the US government who are both aware and focused on the shortage issue have introduced legislation in the Senate to address delays rooted in the federal approval process. The bill, titled the “American Mineral Security Act”, was presented at the same closed-door conference where Tesla expressed its concerns last week.
“Our bill takes steps that are long overdue to reverse our damaging foreign dependence and position ourselves to compete in growth industries like electric vehicles and energy storage,” Lisa Murkowski (R-Alaska), the main sponsor of the bill, said in a statement about the legislation. Senators Joe Manchin (D-W. Virginia), Martha McSally (R-Arizona), and Dan Sullivan (R-Alaska) are co-sponsors.
The bill specifically requires that a list of critical minerals be compiled at least every three years along with a resource assessment of those minerals nationwide. This data is then used to target and implement reforms in the federal regulatory process aimed at reducing government-driven delays in the mining approval process.
As a major consumer of minerals required for the production of electric vehicle (EV) batteries and other vehicle parts, Tesla will need stable access to mined resources like copper, nickel, and lithium in the long term. The expansion of the EV market will continue to increase demand for these resources. Other tech players such as Amazon and Alphabet also need the same resources for the production of their digital assistants and home connectivity devices.
Tesla’s global supply manager for battery metals, Sarah Maryssael, spoke with representatives present at the industry conference about Tesla’s concerns regarding the company’s mineral needs. Maryssael noted that a “huge potential” existed for mining partnerships in Australia and the US to help with the supply issue, possibly citing a preliminary deal between the two countries for a joint effort towards research and development in the area.
The global demand for copper, in particular, is expected to increase from the current 38,000 tons per day to 1.5 million tons by 2030, and this estimate has driven major copper production companies to expand its mining activities in the US and Indonesia. Electric cars use twice as much copper as gas-powered cars, making the EV industry particularly sensitive to its market availability.
Tesla’s needs from the mineral industry go well beyond copper. The company’s Nevada-based Gigafactory 1 facility is expected to hit 255 GWh annual production of batteries once complete. At that rate, the current global supply of lithium will need to increase nearly three times over to meet the demand. Unlike copper, though, investments in lithium production are ongoing, and Tesla’s ramping need for the mineral is driving significant expansion in part of the mineral market.
Tesla’s warning on battery mineral shortage addressed in new mining-reform legislation
<!–
View Comments
–>
var disqus_shortname = «teslarati»;
var disqus_title = «Tesla’s warning on battery mineral shortage addressed in new mining-reform legislation»;
var disqus_url = «https://www.teslarati.com/tesla-battery-mineral-shortage-warning-legislation/»;
var disqus_identifier = «teslarati-103450»;
Tesla has updated its Referral Program to include 5,000 miles of free Supercharging on new purchases of a Model S, Model X and Model 3 made with a referral code. The update came as a notification in the ‘Loot Box’ section of the Tesla app to existing owners. The latest incentive represents a five-fold increase from the original offer of 1,000 miles of free Supercharging and available for a limited time.
“You and anyone using your referral code to buy a Tesla will receive 5,000 free Supercharger miles! On May 28, this will revert back to 1,000 miles.
Each referral now also gives you five changes to win a Founders Series Model Y or Roadster supercar! Tesla owners who already have free Supercharging get ten chances to win,” Tesla said.
The Supercharging incentive is available to new purchases, including leases, made before May 28th.
Tesla’s popular Referral Program was revamped in March after success of the previous incentive program became cost prohibitive, largely as a result of giving away approximately 160 Founder Series Roadsters, each carrying a price tag of $250k. After ending the program this year on February 2, Tesla rebooted the Referral Program with a new structure that provided exclusive rewards while still maintaining cost efficiency. The new program now offers prize winners a monthly and quarterly chance to win a vehicle instead of giving one away.
“Each referral also gives you a chance to win a Founder’s Series Model Y monthly and a Founder’s series Roadster supercar quarterly, both signed by Elon Musk and Franz von Holzhausen,” Tesla noted in the new Referral Program announcement.
Tesla created the new Referral Program in response to feedback from customers who’d enjoyed the benefits of the original while also acknowledging a win-win for the company and its buyers in terms of referrals.
“We’ve heard from our customers that the Referral Program was one of their favorite reasons to tell their friends about Tesla, so today, we’re introducing an all-new Referral Program to give customers another way to share what they love about their cars,” Tesla stated in their new program announcement.
Tesla is offering 5,000 free Supercharger miles in new Referral Program update
<!–
View Comments
–>
var disqus_shortname = «teslarati»;
var disqus_title = «Tesla is offering 5,000 free Supercharger miles in new Referral Program update»;
var disqus_url = «https://www.teslarati.com/tesla-referral-program-update-5000-supercharger-miles/»;
var disqus_identifier = «teslarati-102667»;
A concept artist has showcased a cool and creative take on Tesla’s pickup truck, which is expected to be revealed sometime later this year. Bold and unapologetically futuristic, the Tesla Truck render is a pretty good representation of Elon Musk’s upcoming “cyberpunk” vehicle.
When Elon Musk discussed Tesla’s upcoming pickup truck to veteran tech journalist Kara Swisher last November, he noted that the vehicle will be so futuristic, it won’t look out of place in the iconic sci-fi Blade Runner franchise. Musk even mentioned that if the vehicle does not sell well because it’s too cyberpunk, then the electric car maker will release a more “conventional” truck.
Concept artist Emre Husmen’s take on the Tesla Pickup Truck definitely qualifies as one of the more futuristic takes on the upcoming vehicle. The artist’s design features generous ground clearance and an incredibly aggressive stance. Futuristic headlights and taillights also provide accents to the vehicle’s Model X-inspired front fascia. Similar to Rivian’s acclaimed R1T pickup, Husman’s take on the Tesla Truck features a double cab design and a rather short bed.
The design of Tesla’s Pickup Truck is still pretty much under wraps. During the unveiling of the Tesla Semi, Elon Musk mentioned that the vehicle could be derived from the all-electric long-hauler. Musk even showed a couple of artist’s renditions of the Semi-based pickup truck that have proven to be quite polarizing. Tesla provided another teaser of the vehicle during the Model Y event as well, but it only featured a cryptic, angular image that incited numerous interpretations from the electric car community.
Regardless of its final design, the Tesla Truck will likely provide ample competition for the juggernauts of the pickup market like the Ford F-150 and the Dodge RAM. This is partly due to the vehicle’s specs, which include dual motors and a pretty insane towing capacity of 300,000 pounds. The vehicle is also expected to be large enough to seat six people, and include practical features such as a 240-volt connection for heavy-duty tools and an air compressor to run other equipment.
The pickup truck market could very well be the next big frontier for electric vehicles, especially in the United States. Kicking off the segment is the critically acclaimed Rivian R1T, which was unveiled to much enthusiasm late last year and expected to be released in 2020. Auto veteran Ford has also announced that it will be developing an electric version of its best-selling F-150 truck, which, if successful, could end up converting a significant number of traditional pickup truck drivers to electric transportation.
Tesla Pickup render brings Elon Musk’s cyberpunk ‘Blade Runner’ truck to life
<!–
View Comments
–>
var disqus_shortname = «teslarati»;
var disqus_title = «Tesla Pickup render brings Elon Musk’s cyberpunk ‹Blade Runner› truck to life»;
var disqus_url = «https://www.teslarati.com/tesla-elon-musk-blade-runner-pickup-truck-render/»;
var disqus_identifier = «teslarati-102148»;
Rivian has been on a promotional whirlwind since the company came out of the shadows last year at the 2018 LA Auto Show, and with it, the all-electric adventure company’s attendance at the New York International Auto Show this year has now generated quite a few more vehicle detail revelations from interviews posted online by show attendees.
Brian Gase, Rivian’s Chief Engineer of Special Projects, appeared in a number of videos describing features of the R1T truck and R1S SUV that are unique and otherwise not commonly known about the vehicles.
First, the number of storage compartments were one of the smaller details that stood out. In the R1T, the back passenger seats have bins underneath the cushions, and both vehicles have sliding bins underneath the driver and shotgun seats. A full size spare tire is in the R1T bed and can be removed for even more storage if needed, but to save space for storage and its usable third row seating, the R1S has an inflatable spare tire under the trunk floor.
Rivian’s plans for interior color options were also mentioned, and there are three: Forest Edge (the green inside the demo R1T), Lunar Rock (the grey inside the demo R1S), and black. Additional premium options will be offered for interior fabrics which are already a blend of traditional materials and the types of fabrics you’d find in durable outerwear. The cabins also feature quad-zone climate control.
On the performance side, 170 kW of independent power is provided to each wheel which also provides for torque vectoring. The approximately 750-800 total horsepower in each vehicle works out to about 180 hp per wheel from each of the four motors.
Rivian R1S SUV at New York Auto Show 2019. | Image: Dacia J. Ferris/Teslarati
Rivian R1S SUV at New York Auto Show 2019. | Image: Dacia J. Ferris/Teslarati
Rivian R1S SUV at New York Auto Show 2019. | Image: Dacia J. Ferris/Teslarati
Rivian’s high density battery pack, complete with a thermal control system that adapts according to charging and driving behavior, then powers the whole package. A giant battery might not seem like it would be a great choice for four-wheel adventures, but Rivian has tightly encased its vehicles’ power supply using advanced materials science to be capable of wading up to three feet of water. Since there’s no engine requiring air, only buoyancy prevents a deeper crawl.
Progress in the automotive self-driving arena is moving fast, and Rivian has already integrated that reality into the R1T and R1S designs. The camera and radar hardware on production vehicles will be capable of Level 3 autonomous driving that’s upgradable via over-the-air software updates. Rivian’s initial vehicles will ship with Level 2 capabilities and use data accumulated from its customers’ driving sent to the cloud to develop its Level 3 transition, very similar to Tesla’s strategy. Previously, Rivian has additionally suggested Jurassic Park-style autonomous tours might be available for owners wanting a guided, real-world adventure experience.
Rivian has several test mules on the road using F-150 bodies, but only one production design model of each car has been made to be used at shows and in videos.
Finally, you might know that Rivian was founded in 2009 by CEO RJ Scaringe, an MIT graduate (he holds an MS and PhD in mechanical engineering), but it seems lesser known how his personal life story is imprinted right in the company’s name. Scaringe grew up near the Indian River region of Florida, and that’s where the Rivian name is derived (RIV(er)-(Ind)IAN).
BACK TO BASICS
All of those tidbits will now join the overall more well known features driving the appeal of Rivian’s R1T truck and R1S SUV. A recap of the basics may put them into a better perspective still.
On battery packs, Rivian’s focus on outdoor adventure means that decent battery capacity and range are key components if their product ideas are to be successful, and their much-touted 180 kWh battery “megapack” boasting a 400+ mile range seems to fit that bill. The mid-range 135 kWh pack claiming a 300 mile range is also decent for well-planned routes, and it just so happens to have a fun number of 2170 battery cells – 7,777 exactly if you count the battery inside the in-door flashlight. The 135 kWh battery pack vehicles are also the versions that will do 0-60 mph in 3 seconds, although all versions are speed limited to 125 mph. A lower end 105 kWh pack with a 230 mile range will be produced last, per the usual new EV strategy of offering premium cars before more affordable variations.
I’m exhausted, feet hurt, & nursing a migraine but… I got to meet Brian Gase, Chief Engineer at @Rivian and got some great pics of the R1T & R1S, incl the door flashlight I love. Lol. Thx!He humored me and gave a demo. 👐Now for some NYC gourmet b4 home for nap! #NYautoshowpic.twitter.com/gs5XfMNPGQ
The first R1S and R1T deliveries are set for the end of 2020, and Rivian is currently taking preorder deposits to reserve their upcoming vehicles. Purchase prices will start at $69,000 for the R1T and $72,500 for the R1S before tax incentives.
Aside from being first to unveil a near-production all-electric pickup truck, two other features in Rivian’s electric cars have stood out. First, the quad-motor “skateboard” chassis that forms the base of current and future vehicles centralizes and simplifies Rivian’s innovations into a flexible electric car platform for its future product lines. This feature has also drawn interest from big-name partners like GM and Ford, the latter having just signed a $500 million deal with Rivian to use its tech to develop their first all-electric vehicle.
A somewhat new tidbit about the skateboard platform is the size difference between the R1S version and the R1T version. The R1S chassis is 375 mm shorter than the R1T to boost its off-road capabilities. Both vehicles’ towing capacity is around 11,000 pounds.
The second well-known feature about Rivian’s two outdoor-purposed vehicles is the amount of storage space incorporated into the designs. The frunks are spacious with a 330 mL capacity, and the R1T truck has what they call a ‘gear tunnel’, which is essentially a large cargo space tunneled through the lower middle of the truck’s cab. It looks to have the makings of the next social media photo craze, but that’s obviously speculation.
Rivian R1T truck at the NY Auto Show 2019. | Image: Dacia J. Ferris/Teslarati
Rivian R1T truck at the NY Auto Show 2019. | Image: Dacia J. Ferris/Teslarati
Both the frunk and tailgates have powered open and close functions for ease of use, the tailgate opening a full 180 degrees, and the bed has a powered built-in tonneau cover strong enough to support loading. Also included in the truck bed are 110V power outlets, onboard air, lights to illuminate the bed, and a gear cable that’s electronically connected to the vehicle. If the cable is cut or disconnected for any reason, the owner receives a notification on their Rivian app.
Other details to mention are the electrochromatic glass roof built into both the R1T and R1S that can change color on demand, specifically in response to outside weather and light conditions, and the daytime running lights that also act as turn signals and charging status indicator lights. A charging status indicator is also in the back of the vehicles.
The last major Rivian feature to mention is the adaptable air suspension. Both vehicles’ ride height can be easily raised or lowered depending on road conditions to adjust comfort and handling characteristics. There’s even a ‘kneel’ mode to ease vehicle entry and exit.
STILL TO COME
Rivian’s R1T truck and R1S SUV already have enough innovative details to drive their consumer appeal as-is, but the company has even more developments going on in the background. Recently published patent applications have revealed a modular system for swapping out vehicle components based on activity need and a digital jerry can to extend the battery range even further for longer trips away from a charging network.
Additionally, trademark applications filed with the US Patent and Trademark Office have teased several other products in the works with names like 1C, 1A, and 2R. An interview with RJ Scaringe published by Bloomberg confirmed that Rivian is indeed working on six other products.
Details surrounding Rivian’s plans for a service network are still slim despite the abundance of other important information about the Michigan-based company. The R1S and R1T vehicles will use CCS charging ports, but whether a charging partnership or a home-grown effort is planned remains to be seen.
A NY International Auto Show attendee recently posted on Reddit details gathered from speaking with Rivian’s team, including Scaringe, and indications were made that the company is interested in using Tesla’s Superchargers, although they’ve had some difficulties with the effort. A potential roadshow tour offering test drives was also mentioned.
A couple of the Rivian video interviews can be watched below:
Rivian shows off new details at NY Auto Show before heading home
<!–
View Comments
–>
var disqus_shortname = «teslarati»;
var disqus_title = «Rivian shows off new details at NY Auto Show before heading home»;
var disqus_url = «https://www.teslarati.com/rivian-ny-show-details/»;
var disqus_identifier = «teslarati-102802»;
SpaceX CEO Elon Musk has published the first official renders of the company’s updated stainless steel Starship, offering glimpses of the spacecraft on both the Moon and Mars.
Although the designs of Starship and Super Heavy (formerly BFS and BFR) have shifted significantly over the past three years, the vehicle’s primary destinations have remained stable. Above all else, SpaceX remains focused on designing its next-gen rocket to be the best spacecraft ever built for transporting huge payloads and humans to the Moon, Mars, and ultimately throughout the solar system. The interplanetary future of Starship is currently an unknown quantity but SpaceX is already building the first full-scale orbital prototype and testing multiple finished versions of the Raptor engine that will power it.
As discussed earlier today, SpaceX has already completed a low-fidelity prototype of Starship known as Starhopper, designed to – per its namesake – perform low-altitude, low-velocity hop tests. Powered by Raptor, Starhopper also acts as a mobile test stand for the next-gen rocket engine meant to power both Starship and its Super Heavy booster. SpaceX’s current planning has delayed a vacuum variant of the engine for several years, instead choosing to standardize the same Raptor engine across both stages of BFR. Starship will feature seven Raptor engines producing ~14,000 kN (~3.2M lbf) of thrust, while Super Heavy’s latest iteration would require a 31 Raptors and produce a staggering 62,000 kN/14M lbf of thrust at liftoff.
That performance – theoretically making Starship/Super Heavy almost two times as powerful as Saturn V – is essential to support massive missions to Mars and the Moon while also enabling complete reusability of the rocket. SpaceX rightly judged that rapid, low-effort reusability is the only way to truly revolutionize the cost of access to orbit, at least for the indefinite future. This need itself piggybacks on CEO Elon Musk’s founding motivation: to make humanity a multi-planetary species and protect it against future mass-extinction events.
Musk has long viewed the Moon as a distraction to that goal, offering very little prospect of being more than a detour, but both NASA and the political apparatus currently controlling the US have decided that a rebranded Moon return is desirable. Repeating several nearly identical Moon return proposals from the last few decades, the political powers that be have yet to actually put any money where their mouths are. SpaceX and Musk have nonetheless jumped on the bandwagon, a pragmatic decision to hedge bets in case funding actually appears. Unsurprisingly, SpaceX is interested in any opportunity to acquire federal funding for its expensive Starship/Super Heavy/Raptor development programs.
In September 2018, SpaceX announced plans to send Japanese billionaire Yusaku Maezawa and 8-10 artists of his choice on the first Starship mission around the Moon. According to Musk, that could happen as early as 2023 but will necessarily be preceded by at least one uncrewed demonstration of Starship’s performance in deep space. Given the nominal reusability of Starship, the same spacecraft might perform both missions.
In the meantime, SpaceX is in the process of building the first orbital Starship prototype, although it’s unclear just how advanced the vehicle will be. Depending on how polished and successful SpaceX’s Starship Alpha (for lack of a better term) is, it’s conceivable that the spacecraft could be retrofitted or upgraded for actual demonstration missions to deep space or the Moon. To enable the long-term reusability of Starships, SpaceX will need to rely on in-orbit refueling by way of dedicated tanker launches. However, a lower-fidelity prototype that might otherwise be scrapped could be a prime candidate for a one-way Moon-impact or lunar-landing mission, reducing risk for future crewed or uncrewed Starship missions to the Moon before SpaceX has the facilities and hardware to support simultaneous Starship and tanker launches.
Check out Teslarati’s newsletters for prompt updates, on-the-ground perspectives, and unique glimpses of SpaceX’s rocket launch and recovery processes
SpaceX CEO Elon Musk teases steel Starship on the Moon and Mars
<!–
View Comments
–>
var disqus_shortname = «teslarati»;
var disqus_title = «SpaceX CEO Elon Musk teases steel Starship on the Moon and Mars»;
var disqus_url = «https://www.teslarati.com/spacex-steel-starship-mars-moon-renders/»;
var disqus_identifier = «teslarati-102689»;
The Tesla Model 3 achieved yet another milestone as it continues its international ramp. Over the first quarter, the electric sedan from Silicon Valley successfully rocketed past other popular electric cars in Western Europe, taking its place at the top of the region’s list of best-selling EVs.
Berlin-based automotive industry analyst Matthias Schmidt noted that Tesla sold 19,482 Model 3 in the first quarter, a significant lead over the previous #1 EV in the region, the ubiquitous Renault Zoe, which sold 11,049 units over the same period. This is particularly impressive for the Model 3, as it was only available in the market since February, and it was more than twice, or (at times) even three times the cost of the best-selling Zoe. The Nissan Leaf, a veteran in the mainstream EV market, bowed down to the Model 3 as well, selling 10,315 in the first quarter.
The Model 3’s competitors in the premium electric vehicle segment were farther off. The Jaguar I-PACE, which recently received the World Car of the Year award, was 7th place in Europe’s sales, selling 3,012 units in Q1. The Audi e-tron, also a much-hyped vehicle that was, at one time, considered as a potential “Tesla Killer” by skeptics, sold a rather humble 2,526 units in the first quarter, according to the Berlin-based analyst’s data.
In a statement to Forbes, the auto analyst noted that the Model 3’s competition from Europe might be deliberately holding back their sales due to the European Union’s (EU) carbon dioxide (CO2) regulations, which are set to become tighter next year. According to Schmidt, automakers might be aiming to grow their electric car fleets in 2021, in order to bring down their average emissions and avoid fines. Thus, Tesla has all the opportunity it needs to push the Model 3 today, since its all-electric fleet is in no danger from the EU’s tightening emissions rules.
“I expect the Model 3 to finish the year as the top-selling electric car model in Europe helped along by the fact that other manufacturers are reducing supply of their electric models to 2020, with plenty of creative excuses, in order to lower their fleet average CO2 emissions – when it counts – to achieve the next round of EU targets being introduced in 2020 covering 95% of their total fleet and 100% in the following year. Tesla is the only manufacturer that doesn’t have an issue meeting fleet average CO2 emissions and effectively has an open goal up to the end of this year,” the analyst said.
The Tesla Model 3 is proving to be a disruptive vehicle in every region it has been deployed to so far. With Model 3 deliveries focused on North America last year, the electric sedan became the best-selling luxury vehicle in the United States. The Model 3 made its presence known as it made its way into Europe as well. Norway, for one, reported that nearly 60% of all vehicles sold in the country in March were all-electric. More than 18,000 cars were registered in the country during the month, and over 10,000 were all-electric. From this number, 5,822 were Tesla Model S, Model 3, and Model X, which means that one in every three vehicles sold in Norway in March was a Tesla. The Model 3 also made a strong impact in Switzerland, where the all-electric car became the country’s best-selling car at the end of Q1, electric or otherwise.
The Tesla Model 3 is rocketing past Europe’s best-selling electric cars: analyst
<!–
View Comments
–>
var disqus_shortname = «teslarati»;
var disqus_title = «The Tesla Model 3 is rocketing past Europe’s best-selling electric cars: analyst»;
var disqus_url = «https://www.teslarati.com/tesla-model-3-outsells-europe-best-selling-evs/»;
var disqus_identifier = «teslarati-102755»;
Comments
Teilen:
Author:
Newsletter
Cookie-Zustimmung verwalten
Um dir ein optimales Erlebnis zu bieten, verwenden wir Technologien wie Cookies sowie Google Analytics, um Geräteinformationen zu speichern und/oder darauf zuzugreifen. Wenn du diesen Technologien zustimmst, können wir Daten wie das Surfverhalten oder eindeutige IDs auf dieser Website verarbeiten. Wenn du deine Zustimmung nicht erteilst oder zurückziehst, können bestimmte Merkmale und Funktionen beeinträchtigt werden. Details finden sich in unserer Datenschutzerklärung.
Funktional
Immer aktiv
Die technische Speicherung oder der Zugang ist unbedingt erforderlich für den rechtmäßigen Zweck, die Nutzung eines bestimmten Dienstes zu ermöglichen, der vom Teilnehmer oder Nutzer ausdrücklich gewünscht wird, oder für den alleinigen Zweck, die Übertragung einer Nachricht über ein elektronisches Kommunikationsnetz durchzuführen.
Vorlieben
Die technische Speicherung oder der Zugriff ist für den rechtmäßigen Zweck der Speicherung von Präferenzen erforderlich, die nicht vom Abonnenten oder Benutzer angefordert wurden.
Statistiken
Die technische Speicherung oder der Zugriff, der ausschließlich zu statistischen Zwecken erfolgt.Die technische Speicherung oder der Zugriff, der ausschließlich zu anonymen statistischen Zwecken verwendet wird. Ohne eine Vorladung, die freiwillige Zustimmung deines Internetdienstanbieters oder zusätzliche Aufzeichnungen von Dritten können die zu diesem Zweck gespeicherten oder abgerufenen Informationen allein in der Regel nicht dazu verwendet werden, dich zu identifizieren.
Marketing
Die technische Speicherung oder der Zugriff ist erforderlich, um Nutzerprofile zu erstellen, um Werbung zu versenden oder um den Nutzer auf einer Website oder über mehrere Websites hinweg zu ähnlichen Marketingzwecken zu verfolgen.