Tesla Semi cockpit details revealed in clearest interior pictures yet


The Tesla Semi was recently showcased in Sacramento, CA for the CALSTART Advanced Tech Vehicle Display and the 2030 Clean Transportation Summit Reception, and it was in the area long enough for some enthusiasts to capture detailed photographs of its interior. The images reveal a Model 3-esque interface, a mysterious third pedal, and a vehicle that is battle-scarred from thousands of miles of real-world testing.

Tesla community member u/rygel_fievel from the r/TeslaMotors subreddit noted that the Semi looks like a vehicle that is continually being used, as evidenced by the scratches on its piano black cup holders, stains on its driver’s seat, and even some bugs on the windshield. It remains to be seen why Tesla did not opt to detail the Semi before showcasing the vehicle in the event, but it is pretty difficult to deny that the all-electric truck definitely looks the part of a long-hauler that’s in constant service.

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Noticeable from one of the pictures of the truck’s interior is a small third pedal positioned beside the brake pedal. Tesla has not posted any details about this particular component, though speculations among the community suggest that the pedal is a mechanical parking brake, which is used in some vehicles. The twin Model 3-esque displays on both sides of the Semi’s steering wheel are also quite interesting, with the right display featuring Navigation, and the left being dedicated for the all-electric truck’s settings. The Semi’s left screen seems to feature a dark theme too, which makes its GUI really easy on the eyes.

The details on the Semi’s prototype’s interior are most definitely not finalized yet, but the current setup of the test vehicle is already well thought-out. The long-hauler’s central driving position gives a way for drivers to get a commanding view of the road, and the two side camera feeds on the left and right displays allow operators to see what’s happening in the Semi’s blind spots at all times. These design choices all but emphasize a central theme with the Semi: it will be a truck that is easy to operate, feature-rich, and most of all, safe.

The Tesla Semi prototype being showcased at Sacramento is one of two working test mules for the vehicle. According to enthusiasts who previously sighted the Semi, the silver unit is a hand-built prototype that is largely made of carbon fiber. The vehicle is also reportedly equipped with a whopping 26-camera setup, some of which are installed on the truck’s side mirrors, rear, and windshield. The silver Semi prototype reportedly has a range of 300 miles per charge as well.

Being a Class 8 truck, the Tesla Semi has the potential to be a disruptor in the trucking market. The long-hauler shares components with the Model 3, such as its motors, door handles, air vents, and displays. Thanks to its four electric motors, the Semi can accelerate from 0-60 mph in 5 seconds flat without cargo. With a full load, the truck is still quick on its feet, hitting 60 mph in about 20 seconds. Tesla noted that the Semi would enter initial production sometime in 2019, though following statements by the electric car maker point to a ramp in 2020.

Tesla Semi cockpit details revealed in clearest interior pictures yet


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Tesla owners flood DMV in China as Model 3 deliveries continue to surge


Tesla’s Model 3 push in China appears to be bearing fruit, as more and more people take deliveries of the electric sedan this first quarter. This was highlighted by footage taken this Thursday in Beijing, which depicted what could only be described as a flood of Model 3 practically taking over one of the offices of Beijing’s Department of Motor Vehicles (DMV).

Recent footage shared online show throngs of Tesla Model 3 owners lining up to get license plates for their vehicles. Several lines of Model 3 were reportedly already present at the office’s grounds before peak hours, and over the day, more and more of the electric cars showed up. Interestingly enough, most of the vehicles in the footage were Model 3 Performance, as revealed by the sedans’ Power Sports Aero Wheels, which are only available for the Chinese market.

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It should be noted that these instances are quite rare in China, especially considering that the Model 3 owners flooded the DMV office on a Thursday, which is in the middle of the workweek. The footage was also taken from only one of Beijing’s DMV locations. Thus, it would not be surprising at all if the government office’s other sites were just as filled with Model 3.

These updates from Beijing ultimately bodes well for Tesla’s current Model 3 push in China. Tesla started bringing the Model 3 to Europe and China this first quarter, and the company is pretty much betting on the vehicle to make as big of an impact on foreign markets as it did in the United States last year. Amidst reports of busy Tesla delivery centers and social media accounts from enthusiasts in the country, it appears that Chinese electric car buyers are warming up to the Model 3.

A part of this is likely due to the government’s strict policies regarding vehicles equipped with the internal combustion engine, and its overt support for electric cars. China is already the world’s largest market for electric vehicles, and the market is only bound to get bigger as the country continues its efforts to promote sustainable transportation. Today, China does this by incentivizing electric car owners, and among these perks is easier access to license plates for vehicles like the Model 3, as well as some tax benefits.

Tesla’s Model 3 strategy in China is only beginning. For now, the company is focusing on bringing the car’s higher-end trims such as the Long Range RWD, Long Range AWD, and Performance variants to the country. By the end of the year, Tesla aims to start Model 3 production in Gigafactory 3, which is expected to build affordable versions of the electric sedan, as well as the recently-unveiled Model Y SUV.

Tesla owners flood DMV in China as Model 3 deliveries continue to surge


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Tesla Model Y and Model 3 will both be able to tow: report


A recent report from Norwegian media has noted that Tesla will be releasing towing equipment not only for the Model Y but also for the Model 3. The information was reportedly related by Tesla’s chief designer Franz von Holzhausen himself, who confirmed that such equipment was indeed coming for the electric vehicles.

Immediately following the Model Y event last week, the Swedish magazine Elbilen briefly conversed with Franz after he stepped off the stage asking if the newly unveiled SUV will have a towbar. After the Tesla Chief Designer said yes, the publication followed up with a question about the Model 3’s towing equipment. Franz’s response was brief, only stating “soon,” before smiling and disappearing into the crowd.

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The utilization of a towbar for the Model Y was teased by images and videos taken of the vehicle during its unveiling. Teslarati‘s images, as well as footage from owner-enthusiast Daerik on YouTube, showed that the all-electric crossover was fitted with an unmistakable rear cover plate for a tow hitch receiver. The Model Y’s cover is rather similar to the plate found in the larger, more expensive Model X, which is also capable of towing.

Elon Musk has mentioned an optional tow hitch for the electric sedan in the past, though updates about the feature have been scarce. Things became more interesting in late January, when the Tesla Owners Club Norway (TOCN) discovered references to the Model 3’s towing capabilities in the vehicle’s diagrams. Mentioned were electrical towing-related components including a Trailer Light Controller and a Trailer Light ECU.

Tesla’s electric cars are capable of producing a lot of torque off the line due to their electric motors, making them ideal for towing projects. This makes even vehicles like an RWD Model 3 capable of pulling some serious cargo, as shown in some DIY projects that have been shared online. It should be noted that Teslas that are actually rated to haul heavy loads like the Model X are on a whole different level, as the SUV has shown impressive feats of strength in the past. Beyond its rated 5,000 lb towing capacity, the Model X has pulled a semi-trailer across the snow, a literal passenger airplane, and 250,000 pounds of dirt straight from a Boring Company tunnel.

Tesla Model Y and Model 3 will both be able to tow: report


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Tesla’s vehicle reliability makes way for as-needed service, no annual maintenance needed


Tesla will no longer be offering an extended maintenance plan in favor of specific service recommendations on an as-needed basis.

Having analyzed billions of miles of real-world driving data from its worldwide fleet of vehicles, combined with internal engineering studies on vehicle reliability, durability, and safety, the electric carmaker found that there was less of a need for customers to bring their vehicles in for annual service when, in many instances, the vehicle did not require maintenance like a traditional gasoline car would.

In place of an annual maintenance checklist, Tesla owners will only need to bring their cars in for service when there’s a service need on a specific component at a specific interval. This will enable cars to stay on roads for longer periods of time.

Along with reducing servicing requirements for Model S, Model 3, and Model X vehicles, this change will effectively end the purchase of optional 3 and 4-year Maintenance Plans.

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The all-electric car maker originally recommended a multi-point inspection every 12 months or 12,500 miles, but long-term data has now demonstrated most of the items are unnecessary thanks to advantages to electric vehicles.

The annual scheduled maintenance previously recommended included a bumper to bumper, roof to wheel inspection. Vehicle logs and alerts were examined, consumables such as wiper blades, key fob batteries, and air filters were inspected, among other common vehicle inspection items.

Under Tesla’s maintenance recommendations, the following are now suggested:

  • Cabin Air Filter
  • High Efficiency Particulate Air (HEPA) Filter
  • Tire Rotation, Balance and Wheel Alignment
  • Brake Fluid Test
  • Air Conditioning Service
  • Winter Care

According to the Frequently Asked Questions section of Tesla’s Car Maintenance page:

Does my car require an annual maintenance service?
Your Tesla does not require annual maintenance and regular fluid changes. Please check your Owner’s Manual for latest maintenance recommendations for your Tesla.

Do I have to take my car to a Tesla Service Center?
With over-the-air software updates, remote diagnostics and the support of our Mobile Service technicians, the need to visit a Service Center is reduced. If your car does require service, you can schedule a service appointment in the 
Tesla app or your Tesla Account. If you choose to take your car to a non-Tesla shop for maintenance or repairs, coverage under your warranty could be affected if any problems occur.

Updating manufacturer maintenance recommendations with the customer in mind are one of the ways Tesla has demonstrated its commitment to improving its service experience. Owners have noted areas needing improvement in the electric vehicle manufacturer’s service recently, although their vehicles are well-loved in general.

Tesla has taken note of this weak spot and has been rolling out initiatives to improve its customer experience including opening in-house body shops and live status updates while their vehicles are being serviced. Similarly, because all of Tesla’s vehicles are connected, vehicle service logs are used to troubleshoot and identify customer concerns before a car is brought in for service.

As the $35,000 Model 3 Standard Range continues its roll out and the coming Model Y expected to be even more popular drawing near, shoring up the service side of Tesla’s ownership experience is a step in the right direction. Eliminating unnecessary check ups could have a positive impact on customer wait time thanks to freer service center schedules; regardless, keeping customers in their cars rather than waiting to be inside them is a good place to be overall.

Tesla’s vehicle reliability makes way for as-needed service, no annual maintenance needed


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This is a free preview of DeepSpace, Teslarati’s new member-only weekly newsletter. Each week, I’ll be taking a deep-dive into the most exciting developments in commercial space, from satellites and rockets to everything in between.

If you’d like to receive this DeepSpace newsletter and all of our newsletters and membership benefits, you can become a member for as little as $3/month here.

Now approximately four months distant from the inaugural commercial launch of Rocket Lab’s Electron rocket, the company is ready – following many weeks of customer-side delays – to conduct its first launch of 2019, aiming to place an experimental DARPA-funded satellite into low Earth orbit (LEO). 

If all goes as planned with the launch and experimental spacecraft’s orbital operations, Defense Advanced Research Projects Agency (DARPA) hopes to use the mission to qualify a currently-untested technology that could ultimately enable the production of massive communications and sensing antennas that can fit on relatively tiny satellites. Known as R3D2 (ha…ha…), the mission also effectively serves as the latest operational debut of DARPA’s growing interest and involvement in spaceflight-related industries, nominally proving that the agency is capable of leaning on established companies and startups to rapidly design, build, and fly satellites. Barring any additional launch delays from DARPA’s preparations, Rocket Lab hopes to launch Electron around the end of this week – likely March 22-24 – to kick off what will hopefully be a busy and productive year for the newly operational launch provider. 

DARPA in Space

  • Originally targeted for sometime in the second half of February, the R3D2 mission – Electron’s fifth planned launch in 18 months – has suffered several weeks of delays due to issues faced by DARPA during satellite delivery and pre-launch preparations.
    • Aside from a general hint that the satellite arrived a few weeks later than planned and an official statement from Rocket Lab that “DARPA’s payload team is conducting final ground station configuration work over the coming days”, the process appears to be going rather smoothly. 
  • Weighing in at roughly 150 kg (330 lb), the R3D2 spacecraft – barring the quiet inclusion of co-passengers – will be the first launch of Electron dedicated to a single satellite. In fact, 150 kg is actually the maximum listed payload that Electron is capable of launching to a 500 km (310 mi) sun-synchronous orbit (SSO), providing a functional ‘ceiling’ for the ultimate destination of DARPA’s satellite.
    • R3D2’s primary purpose will be to extensively test a brand new antenna technology and thus prove (hopefully) that the in-space deployment mechanism and unique material composition function as designed. Likely no more than 1-2 feet (~50 cm) across, the definitively small satellite will attempt to deploy an antenna many times larger than itself. 
    • Made out of a material known as Kapton, the deployable antenna will reach a maximum diameter of 2.25 m (7.4 ft), fairly large even when compared with antennas used on satellites many dozens of times more massive. 

Rocket Lab’s Biggest year yet

  • Although the company is off to a relatively slow start, as many as eleven Electron missions – including R3D2 – are at least tentatively manifested for launches in 2019.
  • In November and December of 2018, Rocket Lab further demonstrated that it is more than capable of a respectable monthly launch cadence, particularly impressive for a rocket conducting its third and fourth missions ever. If Rocket Lab can more or less sustain that cadence after DARPA’s R3D2, the company could ultimately complete as many as 8-10 launches this year.
  • Ultimately, founder and CEO Peter Beck says that Rocket Lab and Electron will eventually target dozens of annual launches per year and a weekly launch cadence from an array of launch facilities.
    • Earlier this year, Rocket Lab officially announced that it had come to an agreement with the state of Virginia to build its second launch complex (LC-2) at Wallops Flight Facility (also known as the Mid-Atlantic Spaceport). If construction proceeds apace, the company’s first US-based Electron launch could occur before the end of 2019.
Rocket Lab’s Electron – built almost entirely out of carbon fiber composites – is an undeniably spectacular rocket, building heavily on New Zealand’s unique global expertise in high-performance composites, an offshoot of a very healthy sailing industry. (Rocket Lab)

  • DARPA’s goal with R3D2 – and its interest in space and small satellites in general – should ultimately benefit the entire spaceflight industry, potentially paving the way for the design and production of small satellites with technical capabilities that far outstretch their compact nature.
    • Reliable and affordable deployable structures are becoming a growing focus of a number of young and old spaceflight companies, ranging from heavyweights like SSL/Maxar to new startups like Oxford Space Systems. 
  • Unlike most modern defense and aerospace technology procurement, DARPA is also distinctly focused on streamlining the process of designing, building, and launching spacecraft. To do so, the agency plans to rely heavily on established commercial entities to optimize speed and affordability will still ultimately producing innovative space systems and pushing the state of the art forward.
  • Aside from closely involved projects like R3D2, DARPA – through a program called Blackjack – is also extremely interested in a number of LEO communications constellations proposed in the last few years by companies like SpaceX, OneWeb, and Telesat, and has already awarded a series of small contracts with several to begin the program’s earliest phases.

Mission Updates

  • Completed on March 8th, SpaceX’s near-flawless Crew Dragon launch, space station rendezvous, and recovery is likely the last of the company’s orbital launch activities for the month of March. 
  • The second launch of Falcon Heavy – the rocket’s commercial debut – is currently expected to occur as early as April 7th
  • After Falcon Heavy, SpaceX has at least one other launch – Cargo Dragon’s CRS-17 resupply mission – firmly scheduled for April (April 25th), as well as the more tenuous possibility of the first dedicated Starlink launch occurring as early as late April.

Photos of the Week: 

NASA posted a series of official photos documenting SpaceX’s Crew Dragon recovery process following the spacecraft’s first successful orbital reentry and splashdown. The photo below (top) offers one of the best (and most detailed) views ever made public of one of the heat shields of a SpaceX Dragon spacecraft, offering a glimpse of the wear the PICA-X material experiences after several minutes of extreme heating and buffeting. (c. NASA/Cory Huston)

Back on land, SpaceX’s South Texas entourage has continued to build the first full-scale Starship prototype – nicknamed Starhopper – in preparation for the vehicle’s inaugural static-fire and hop tests. According to official SpaceX statements, those tests could occur as early as this week, partially confirmed by the first installation of a Raptor engine (serial number 2) on a flight article of any kind.(c. NASASpaceflight – bocachicagal)


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Tesla-inspired wireless software updates are coming to traditional carmakers


Tesla has a significant market advantage via its over-the-air software updates, and traditional carmakers are finally taking steps to catch up.

The California-based electric vehicle company delivers new features and upgrades to its customers’ vehicles on a regular basis, adding more value to their purchases. “To get…new features every few months is like getting a new car,” detailed one Tesla owner in a recent Wall Street Journal report.

Cars produced by traditional automakers like GM, Ford, and Toyota have become increasingly computerized. In fact, software-related issues comprised 52% of total North American auto recalls in 2018, a number that’s increased from 44% during the previous year. Unlike Tesla, however, most software changes require a visit to a service center.

GM is now aiming to introduce a vehicle similar to Tesla’s ability to wirelessly upgrade the Model S, Model X and Model 3 vehicle this year, eventually expanding the functionality to its full lineup, and Ford is working on a Mustang-inspired all-electric SUV with over-the-air software updates.

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Tesla’s all-electric fleet of Model S, Model X, and Model 3 vehicles were built from the ground-up to enable remote updates. The centralized software system manages most of the cars’ components, allowing for near-instant fixes to reported problems and even temporary responses to emergency situations.

In 2017, Tesla upgraded battery ranges for owners fleeing Hurricane Irma in Florida, and the company provided the same benefit plus free Supercharging to owners escaping Hurricanes Michael and Florence on the East Coast in 2018.

Traditional automakers won’t argue the significance of Tesla’s software advantage in terms of customer experience and benefit, but there are significant risks involved they’re not eager to embrace. Previous attempts at over-the-air software updates have caused serious headaches in some instances, such as the endless reboots and battery drainages experienced by Fiat Chrysler’s UConnect infotainment system last year.

Customer usability is also a concern of traditional car manufacturers thinking of expanding the functionality of their vehicle software.

“We could end up in a bad place if the industry remotely puts out technology that users don’t understand, figuring they can fix any problems later,” Navigant Research analyst Sam Abuelsamid told WSJ, referring to the notorious dissatisfaction that often comes from app users following software updates.

Cybersecurity is also an issue concerning car makers considering a larger shift towards software-centric vehicles.

Tesla, however, is aware of the security risks of its software, but it has embraced the challenge head-on as its mitigation approach instead. The EV manufacturer has engaged the hacking community with several challenges, offering lucrative rewards to anyone able to crack into its vehicle software. The most recent of these challenges, Pwn2Own, began today and rewards anyone able to hack into the contest’s Tesla Mid Range RWD Model 3 ownership of the car itself.

Tesla has already driven the auto industry towards electrification of its vehicles, thus the embrace of its revolutionary software technology model looks to be a positive, predictable step.

Tesla-inspired wireless software updates are coming to traditional carmakers


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Tesla sets personal record for sales in Norway amid European Model 3 ramp


Tesla has set a personal record for total number of combined vehicle sales in Norway.

Vehicle registrations by Tesla owners in Norway reveal that over 2,500 Model S, Model X, and Model 3 have been sold in the first three weeks of March this year. This tops a previous record set in December 2017 when the electric carmaker made a strong year-end push and registered 2,461 Model S and Model X sold.

Tesla began the European push of its mass-market sedan earlier this year, which is evident in the number of Model 3 vehicles being registered increasing by the month. In March alone, 88% of all Tesla registrations have been Model 3, according to tracking site Teslastats.no.

It’s no surprise that the Model 3 continues to grow in popularity worldwide.
In California, for example, Tesla was the number one selling alternative powertrain brand, representing 29.3% of the total market in 2018.

The Tesla Model 3 Performance received rave reviews by popular local Norwegian automotive site Motor.no as well. “Tesla comes with features you didn’t know you needed – and after a while you don’t realize that you’ve managed without,” it concluded, referring to the vehicle’s finesse. “After a few hours in a Model 3, all other driving environments become prehistoric.”

Tesla registration stats in Norway. | Credit: Teslastats.no
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Tesla was touted for its extensive network of Superchargers which give Tesla owners a “solid lead” over other EV owners, its unbeatable performance for the price (particularly its 0-100 kph time), and the trunk space (albeit a bit narrow and high to reach). The Model 3’s deck noise wasn’t liked; however, the vehicle’s sound system more than compensated, according to the review.

Tesla’s has been building up its Model 3-specific CCS Supercharger Network in the European region as part of its strategy to saturate the market with the vehicle. Tesla CCS Superchargers first appeared in Norway at the beginning of 2019, and upgrades to the 250 kW, 1,000 mph Supercharger V3 are expected be coming soon to stations internationally by the end of the year, per CEO Elon Musk during the Model Y unveiling event.

According to Musk, the standard range/base version of the Model 3 is estimated to be available to European customers in about six months. The surprising introduction of the affordable variation of the already popular vehicle in the US market recently bodes well for international customers awaiting their own chance to purchase the more affordable Tesla. Currently, an estimated 3,000 Tesla vehicles are reported to be shipping on a weekly basis to Europe and arriving at the port of Zeebrugge in Belgium.

Tesla sets personal record for sales in Norway amid European Model 3 ramp


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Nikola can ‘easily’ do all-electric trucks like Tesla Semi, says exec in interview


New Nikola Motor president Mark Russell recently provided some updates on the company’s efforts to establish its hydrogen refueling stations across the United States, as well as his thoughts about rivals like the Tesla Semi and other hybrid trucks like the modified Kenworth-Toyota T680 long-hauler that debuted at the Consumer Electronics Show in Las Vegas last January.

Russell, who used to serve as Worthington Industries’ president and chief operating officer, notes that Nikola is notably different from other ventures that he had been involved with in the past, thanks in part to the trucking startup’s pace. “We get so much done; it’s just dizzying,” he said.

Nikola Motor had changed directions several times over the past years. At one point, the company had announced plans for the production of a truck powered by hydrogen and natural gas, before shifting to an initiative aimed at developing hybrid battery-electric and fuel cell hydrogen long-haulers. Most recently, Nikola announced that it would also be producing battery-electric trucks, placing its vehicles in even more direct competition with the Tesla Semi, a vehicle that is expected to begin production late 2019 or sometime next year.

The Nikola One.
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Speaking with trucking publication FreightWaves, Russell explained that the Tesla Semi would not be competing with its long-haul vehicles like the Nikola One, due to the Semi’s limited battery range. The Tesla Semi is offered at 300-mile and 500-mile variants, though Elon Musk has teased that improvements to the vehicle’s design will place the truck’s range closer to 600 miles per charge. This is impressive for a pure-electric truck, but still less than the range of the hydrogen-powered Nikola One, which is expected to have a range of over 1,000 miles. The Nikola President notes that the Tesla Semi is rather simple, and it is a vehicle that the trucking startup could easily do.

“Their truck is our truck with a bigger battery, and we can easily do that. It Nikola’s recent electric vehicle announcement is not as big a deal as people are making it out to be. It’s not a strategy shift. Our model is still attacking the long haul market. We will sell battery electric vehicles based on the same design, and they’ll be great vehicles for those applications. If Tesla can produce their truck and meet the specs, we’ll be competing with them in that market. Tesla doesn’t have anything to compete with us in long-haul,” he said.

Russell also asserted that Nikola would be producing all its hydrogen from renewable resources. The exec further added that the use of hydrogen, provided that it is drawn from renewable energy, is even more environmentally-friendly than the use of batteries to store energy.

The Nikola Tre. [Credit: Nikola Motor]

“That’s the problem with renewables; they only generate when the wind blows, or the sun shines, and what do you do with them when you don’t need it? You have to store it. One solution is to buy expensive batteries that consume commodities scarce on this planet and then have hazardous waste when they are done. Or you can make hydrogen. Once you’ve made hydrogen and stored it, it can sit there forever. It doesn’t degrade. It doesn’t leak. And when you turn it back into electricity, it becomes water. It’s an elegant, beautiful, simple solution for storing energy, so much better than batteries. You break down water; you put it back together,” he said.

With regards to other hybrid trucks that have been unveiled recently, such as the modified Kenworth-Toyota T680 long-hauler that debuted at the CES, Russell proved mostly unimpressed, stating that such projects are more like a Frankenstein monster that’s cobbled together from existing components. The executive explained that Nikola’s trucks would be designed from the ground up to be environmentally-friendly vehicles, and this is something that will make them truly unique.

Nikola has a tendency to be quite protective of its vehicles. Last year, the trucking startup filed a lawsuit against Tesla claiming that the Semi’s design was copied from the Nikola One. Neither Nikola nor Tesla has issued an official update about the case so far. Nikola Motor is currently preparing for its Nikola World Exhibition this coming April 16-17, where the company is expected to showcase its vehicles like the Nikola Two daycab and the Nikola Tre, a vehicle designed for European markets.

Nikola can ‘easily’ do all-electric trucks like Tesla Semi, says exec in interview


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Tesla shareholders will prosper, says veteran Wall St. analyst


Tesla shares (NASDAQ:TSLA) have seen a drop recently amidst last week’s reveal of the Model Y SUV and Elon Musk’s ongoing skirmish with the Securities and Exchange Commission (SEC). Despite these headwinds, Loup Ventures managing partner Gene Munster believes that the company will likely survive and thrive after it overcomes these recent challenges.

In a recent post, the 23-year finance veteran noted that while Tesla’s Q1 results and performance are still up in the air due to swing factors such as vehicles in transit, demand, and profitability, the company’s long-term view remains intact. Munster added that he believes patient TSLA investors will be rewarded in the future, as Tesla’s long-term strategy unravels.

“We believe Tesla will survive because we expect the company can continue to raise money based on their lead in undeniable long-term growth opportunities including EVs, autonomy, and renewable energy. We continue to believe that over the long-term Tesla will prosper, and patient shareholders will be rewarded. The electrification of vehicles is undeniable, and Tesla’s participation in that EV future is crucial given its leading family of vehicles along with optionality around energy capture/storage products and autonomous driving,” Munster wrote.

Munster is not alone in his continued support for Tesla. The electric car maker’s shares dipped sharply following the Model Y event, with the company’s critics coming out in full force to express their skepticism for the vehicle and its effects on Tesla’s business. Despite these reservations, a number of analysts have remained firm in their positive outlook for the electric car maker.

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Canaccord Genuity analyst Jed Dorsheimer maintained a Buy rating and a $450 price target for Tesla stock. Dorsheimer wrote that “we suspect the strategy with the Y will follow a similar trajectory to the 3, skimming the high end of the market with more profitable sales, as the company works to bring costs down and then in 2021 introduce more mainstream price points to drive a further competitive lead over traditional internal-combustion-based vehicles.”

Baird analyst Ben Kallo, a longtime Tesla bull, also kept his Outperform rating and $465 price target for the company. Kallo argues that “sales of the Model Y should be supported by [a] growing market for premium/luxury crossovers and SUV. We estimate the U.S. market to be over 1.5 million vehicles annually, based on historical sales.” Daniel Ives of Wedbush further asserted his Outperform rating and $390 price target on Tesla, stating that “while some have argued that the production of Model Y could potentially cannibalize Model 3 deliveries, in our opinion this is a smart and strategic move by Musk & Co. as they aim to further their leadership position in the electric vehicle market by now going after the hot SUV crossover market.”

Tesla shares are currently weighed down by several potential factors, one of which is Elon Musk’s continued clashes with the SEC. The agency had requested that Musk be held in contempt of court over his tweet last February 19, when he noted that Tesla would produce “around 500,000 cars in 2019.” The SEC argued that Musk’s tweet violated the settlement that it reached with the CEO last year following the now-infamous “funding secured” fiasco. Musk’s legal team has fought back, alleging that the agency is over-reaching in its efforts against the CEO.

Despite concerns about the Model Y and Elon Musk’s SEC troubles, Tesla’s numbers in the first quarter might prove to be a pleasant surprise. Elon Musk has noted that the first quarter would likely be unprofitable, though the mass deliveries of the Model 3 to Europe and China, as well as the push for the $35,000 Model 3 in the United States, might make a difference for the company’s numbers. Coupled with a recently leaked message hinting that Tesla is urging its employees to help deliver vehicles until the end of the month, the electric car maker’s Q1 2019 performance might prove better than expected.

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

Tesla shareholders will prosper, says veteran Wall St. analyst


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Tesla Model Y vs Audi e-tron vs Jaguar I-PACE: price and specs comparison


The Tesla Model Y has been unveiled, and it will likely prove to be one of the electric car maker’s best-selling vehicles. Equipped with a robust set of features and offered at a reasonable price, the Model Y has the potential to disrupt the highly lucrative crossover SUV market the same way that its sibling, the Model 3, disrupted the passenger sedan segment in the US last year.

As the market prepares for the arrival of the Model Y, it becomes pertinent to compare it to other all-electric SUVs in the market. So far, there are two that are pretty close to the Model Y in size: the Audi e-tron and the Jaguar I-PACE. Faced with this competition, how does the Model Y stack up?

Tesla Model Y

The Model Y could be described as a larger, bulkier version of the Model 3. Similar to the electric sedan, the Tesla Model Y is offered in either RWD or AWD options. The vehicle starts at a $39,000 for the Standard Range version and goes all the way to $60,000 for the Performance variant. Just like Tesla’s other vehicles, the all-electric SUV is designed to go the distance, with the Standard version having 230 miles of range, the Long Range having 300 miles of range, and the Dual Motor AWD and Performance version having 280 miles of range per charge.

The Model Y is no slouch, as even the Standard version can sprint from 0-60 mph in 5.9 seconds. The range-topping Model Y Performance, with its dual motors, hits 60 in 3.5 seconds all the way to a top speed of 150 mph. Being based on the Model 3, the Model Y features a hyper-minimalistic interior, capped off by a stunning panoramic glass roof. A fully-loaded red multicoat red Model Y with Autopilot, Full Self-Driving, and the optional third-row seats (which would boost the car’s seating capacity to seven passengers), would set back buyers around $73,500.

A key advantage of the Model Y is its access to Tesla’s expansive and ever-growing Supercharger Network, allowing owners of the newly-released SUV to go on long road trips without any range anxiety. Being a derivative of the Model 3, the Model Y is also compatible with Tesla’s Supercharger V3 network, which has a maximum power output of 250 kW, or 1,000 miles per hour. Tesla estimates that Supercharger V3’s charging times will average around 15 minutes per vehicle.

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Audi e-tron

The Audi e-tron. [Credit: Audi]

The Audi e-tron debuted last year, at a time when the Model X was the only SUV in Tesla’s lineup. The size of the e-tron is more comparable with that of the Model Y though, making a comparison between the two vehicles a bit more appropriate. Price-wise, the e-tron is priced higher than the Model Y, costing just under $76,000 for the basic Premium Plus package, while the higher-end Prestige option starts at $81,800. With all the major upgrade boxes ticked on the Premium Plus offering, the e-tron would cost around $88,000.

Performance-wise, the e-tron falls behind the Model Y, with its 0-60 mph time of around 5 seconds and its top speed of 124 mph. Audi has been pretty secretive about the e-tron’s range, though the vehicle’s 95 kWh battery pack suggests that the SUV should have more than 200 miles of range per charge. Inside the vehicle, the e-tron is classic Audi, with multiple configurable screens and several creature comforts.

The Audi e-tron has some tricks up its sleeve when it comes to charging. The SUV could plug into a variety of chargers, including a 150 kW setup that is expected to charge the vehicle’s battery to 80% in just ~30 minutes. Such charging speeds are quite comparable to those of Tesla’s Supercharger V2 stations, which, as the Tesla community has proven over the years, is more than adequate for long trips.

Jaguar I-PACE

The I-PACE is priced at a premium compared to the recently unveiled Model Y, starting at around $70,000 for the S model all the way to the $86,000 HSE or “First Edition” trim. With all options checked, the I-PACE could breach the $100,000 barrier, thanks to rather expensive items like $500 floormats.

Just like the e-tron, the I-PACE falls a bit short of the Model Y’s specs, with its 0-60 mph time of 4.5 seconds, its top speed of t 124 mph, and its range of 234 miles per charge. The I-PACE has one edge over the Model Y though, in the form of its plush interior, which would delight car buyers looking for a more traditional vehicle with more conventional creature comforts and accents. The I-PACE is also available now, unlike the e-tron and the Model Y, which are yet to start rolling out to customers.

The Jaguar I-PACE actually falls behind the Model Y and the Audi e-tron in terms of its charging systems, as it is capable of charging up to 100 kW. This means that charging the vehicle’s 90 kWh battery to 80% (provided that a 100 kW fast charger is available) would take about 40 minutes.

Conclusion

Overall, each vehicle would likely be perfect for specific car buyers. Those looking for an electric SUV that is familiar and conventional would best pick up an I-PACE or an e-tron. Nevertheless, when it comes to bang-for-your-buck value and sheer performance specs, it is difficult to argue against the Model Y.

Tesla Model Y vs Audi e-tron vs Jaguar I-PACE: price and specs comparison


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