The Ford Mustang Mach-E is the legacy automaker’s answer to Tesla and specifically, the Model Y. Being a crossover, the Mach-E is designed for fun and utility, and this is shown in its cool storage spaces, such as its frunk.
But if recent images of the upcoming all-electric crossover are any indication, it appears that the vehicle’s frunk may not just be useful for transporting items and the occasional cooler. It will also be perfect for holding savory snacks and cold beverages for tailgate parties.
The Mach-E’s frunk has just shy of five feet of cubic storage. This may not be as large as the space offered by the frunk of, say, a Tesla Model X or a Rivian R1T, but there’s plenty of room for chicken wings and shrimp paired with cocktail sauce.
Ford has released 3 photos of frunk-gaiting in the Mustang Mach-E …
In a press release from Ford after the Super Bowl, the automaker stated there are four ways football fans could use the Mach-E’s frunk for storing food at sporting events. But arguably the most interesting way the company claims the frunk can be used is to hold 1,000 regular sized chicken wings.
In reality, it is unlikely that people will pack the inside of their frunk with soup or cocktail shrimp. The only likely scenario is that ice could be used in the absence of a cooler to keep drinks or containers of food chilled. It will be a bit tricky to clean the frunk of grease when the chicken wings are cleared out, after all, and watery dishes like chowder are probably a universal no-no for would-be frunk-gaters.
Not to mention that fresh food and things like windshield washer fluid probably don’t mix very well either.
It seems the aim of many automakers was to try and market their electric vehicles during this year’s big game between the Kansas City Chiefs and San Francisco 49ers. GMC unveiled its first look at its all-electric Hummer in a commercial featuring Lakers superstar LeBron James. Porsche also took a shot at reaching out to those who watched on television by releasing a rather expensively-shot commercial displaying the Taycan.
Ford’s attempt at showing its unique use for its new vehicle’s frunk was certainly unorthodox and different than anyone probably expected. It will be interesting to see how many Mach-E owners actually use their frunks as chicken wing and shrimp cooler when the crossover is delivered to reservation holders later this year.
Ford Mach-E frunk is perfect for chowders and chicken wings, and we’re not even joking
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Thanks to a recent cluster of major milestones, SpaceX’s family of Falcon 9 and Heavy rockets are rapidly nearing the halfway point along the path to several ambitious goals for booster and fairing reusability.
Back in the early 2010s, SpaceX’s CEO Elon Musk’s original dream was to make Falcon 9 and Falcon Heavy 100% reusable, meaning that the company would need to find ways to reliably recover boosters (first stages), payload fairings (or Dragon spacecraft), and the rocket’s upper (second) stages. The concept of Falcon 9 second stage reuse actually survived all the way into 2018 before Musk ultimately conceded defeat, accepting that Falcon 9 and Heavy simply didn’t offer the performance necessary to make full reusability a worthwhile investment. The concept, however, still lives on in SpaceX’s next-generation Starship launch vehicle.
This does mean Falcon rockets will never be fully reusable, but it’s still up to SpaceX to decide how far they’ll push the envelope with the rockets’ existing reusable hardware. At the moment, it appears that a vast majority of Falcon rockets will be able to be routinely recovered and reused, capitalizing on the fact that Falcon 9 and Falcon Heavy boosters already represent some 50-75% of the cost of building each two-stage rocket. While Falcon upper stages and Dragon trunks will never be reused, both booster and payload fairing reuse are rapidly approaching their own unique halfway points on the path to ambitious reusability targets.
SpaceX’s twin fairing recovery ships are effectively 50% of the way to enabling full Falcon fairing reusability. (Richard Angle)SpaceX’s upgraded Falcon Block 5 boosters, meanwhile, are rapidly approaching the halfway point to a major reusability milestone. (Richard Angle)
Shortly after SpaceX’s January 29th Starlink V1 L3 launch, carrying the third batch of 60 upgraded v1.0 satellites to orbit, twin fairing recovery ships GO Ms. Tree (formerly Mr. Steven) and Ms. Chief teamed up for their second-ever simultaneous fairing catch attempt. Ms. Chief – only active since November 2019 – reportedly just barely missed her first successful catch, while Ms. Tree managed to snag one of the Falcon 9 fairing halves in her massive net – the ship’s third successful catch.
Worth an estimated $3M per half according to CEO Elon Musk, Falcon 9’s payload fairing represents approximately 10% of the rocket’s total manufacturing cost. Made out of a carbon fiber and aluminum honeycomb composite material, fairings also also takes a disproportionate amount of time and space to produce – primarily due to their large size (a school bus could comfortably fit inside a fairing) and the need for commensurately large curing ovens. That composite honeycomb structure also makes it relatively easy for Falcon payload fairings to suffer from corrosion when dunked in seawater, leading SpaceX to the seemingly bizarre solution of installing giant arms and nets on ships.
Ms. Chief has yet to make her first fairing ‘catch’ but the ship still managed to safely retrieve one of Starlink V1 L3’s fairing halves from the ocean. (Richard Angle)Ms. Tree (formerly Mr. Steven), however, nailed her third fairing catch ever, following successes in June and August 2019. (Richard Angle)
Catching fairings has proven to be incredibly unforgiving, however, and SpaceX has simultaneously worked to make its Falcon fairings much more waterproof (and thus resistant to corrosion) while keeping them as light as possible. In fact, SpaceX’s first fairing reuse occurred less than three months ago and used two halves that previously landed in the Atlantic Ocean, demonstrating that difficulties reliably catching fairings will not stand in the way of reuse.
Ms. Chief missed her January 29th catch attempt, she still managed to fish her fairing half out of the ocean, while Ms. Tree’s successfully-caught half means that SpaceX ultimately recovered the full Starlink V1 L3 fairing. With a little luck, that recovered fairing will launch again in the near future.
Here are a series of photos showing the SpaceX fairing recovery ship Go Ms Chief & a fairing from the recent Starlink launch being transported away from the dock at Port Canaveral, Fl. The second fairing is under a blue tarp on the other recovery vessel Go Ms Tree. #spacexfleetpic.twitter.com/4cswmyNhub
Simultaneously, SpaceX is making excellent progress along the path to airliner-like rocket reusability. In November 2019, on the same Starlink mission that debuted flight-proven fairings, Falcon 9 booster B1048 became the first SpaceX rocket to launch (and land) four times. Less than two months later, Falcon 9 B1049 doubled down on that reusability milestone, becoming the second booster to launch and land four times, followed by Falcon 9 B1046 just 12 days later. Falcon 9 B1046 was (intentionally) destroyed after its fourth launch, precluding a fourth landing attempt, but it emphasizes just how confident SpaceX is in Falcon 9’s Block 5 upgrade.
Falcon 9 booster B1048. (Pauline Acalin, SpaceX, Tom Cross, Richard Angle – Teslarati)
Designed to allow each Falcon 9 and Heavy booster to perform a minimum of 10 launches and landings, the Block 5 upgrade is potentially just a few weeks away from reaching the halfway point along the path to that ambitious reusability design goal. Speaking at the NASA Kennedy Space Center earlier this month, a SpaceX engineer recently revealed that a Falcon 9 booster would conduct its fifth launch in support of a Starlink mission (either Starlink V1 L4 or L5) scheduled no earlier than (NET) mid-to-late February.
Pictured above, Falcon 9 booster B1048 – the first to launch four times – is the likeliest candidate for the first fifth flight of a SpaceX rocket. If the booster’s reuse goes as planned, it’s safe to say that Falcon 9 B1049.4 will follow closely on the heels of its predecessor with its own fifth-flight milestone. All things considered, SpaceX’s workhorse rocket is rapidly approaching the zenith of its theoretically-achievable reusability.
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 workhorse rocket is almost halfway to reaching ambitious reusability goals
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Tesla stock (Nasdaq: TSLA) rose yet again to new heights following a meteoric $100 per share surge at the beginning of this week and closing at $887 at the end of the trading day on Tuesday. The new record sets Tesla’s market capitalization at $159 billion, thereby taking Tesla CEO Elon Musk one step closer to the second tranche in his massive multi-billion payout package passed in 2018.
If Musk is able to maintain a $150 billion average market capitalization for all trading days in the applicable trailing six calendar month period or 30 calendar day period, he will have cleared the second market capitalization milestone in his shareholder-approved payment plan. He must also meet certain operational targets to unlock the second tranche of twelve. Musk passed the first market value milestone earlier this month when Tesla broke the $100 billion barrier. Each time Musk unlocks one of the 12 tranches in his 10-year payment plan, he moves another step closer to unlocking 20 million stock options.
The Tesla chief does not have a salary. Instead, he is on a 10-year performance package that includes stock options that vest only if he succeeds in meeting certain market capitalization and operational milestones. It’s a high-risk plan but it’s designed to ensure Musk executes. It’s also bound to ring in massive rewards for the electric vehicle titan, since he could stand to gain Tesla stocks with a potential worth of $55 billion. At the time shareholders approved the payment plan in 2018, the package was worth $2.6 billion.
Musk’s performance package is patterned closely to a similar 5-year payment plan approved for him in 2012. The new package consists of 12 tranches, with each tranche requiring Musk to meet a market capitalization and an operational milestone. For each tranche, Musk has the option to vest in stocks that correspond to 1% of Tesla’s total outstanding shares at the time the plan was approved.
The first tranche is unlocked when Tesla hits $100 billion in market capitalization and achieves a separate operational goal. Each succeeding tranche must see Tesla adding another $50 billion to its market value along with an operational target. The ultimate goal is to hit a total of $650 billion in market capitalization in 10 years, which will put Tesla somewhere around the league of Apple and Google, which are valued at $1.4 trillion and $996 billion respectively.
Tesla is currently valued past $150 billion, which puts it way ahead of the Big Three car companies in the US. Its current market value is greater than General Motors ($49 billion), Ford ($36 billion), and Fiat Chrysler Automobiles ($18 billion) combined. If Tesla continues to see more of its financial gains, it may not take long before it overtakes Toyota, which is currently valued at $229 billion, as the most valuable car company in the world.
The latest rise comes after another huge surge in stock prices after Tesla partner Panasonic reported profits for the first quarter due to its partnership with Giga Nevada. The Japanese battery maker announced that Tesla ramping up production of its electric vehicles has allowed Panasonic to push down costs and erase losses. Tesla stock rose by more than 20% and ended the day at $780 following Panasonic’s earnings report.
Elon Musk unlocks 2nd mega-bonus milestone after Tesla soars to $159 billion
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The United Kingdom’s ban on petrol vehicles has been formally moved up by five years, from 2040 to 2035. The decision was announced by UK Prime Minister Boris Johnson at the United Nations climate summit COP26 in November.
Interestingly, the UK’s upcoming ban actually includes hybrid vehicles, which have long been promoted by veteran carmakers as “electrified” cars. Yet save for plug-in hybrids, which can be charged from an EV charging station, hybrids like the Toyota Prius still use petrol as their sole source of fuel.
Historian Sir David Attenborough believes that the event was “encouraging” as many of the leaders were instrumental in coming up with new ideas to attack the global climate crisis. One of the ideas was the acceleration of phasing out petrol-powered cars, an idea that has been adopted by many countries over the past few years.
“The longer we leave it, the worse it is going to get,” Attenborough said. “So now is the moment. It is up to us to organize the nations of the world to do something about it.”
The idea to move the proposed date of banning gas-powered cars from the UK’s roads was brought up by Boris Johnson. He believed 2035 was realistic and necessary to prevent detrimental effects on the environment. With hybrid cars now a part of the ICE ban because of their need for petrol, the UK will be focusing on pushing pure electric cars like the Tesla Model 3 and hydrogen cars like the Toyota Mirai.
The Annual World Economic Forum Meeting, known as Davos, recently took place in Switzerland. Some of the world’s most powerful leaders, along with the faces who are commonly matched with climate issues, were in attendance to talk about sustainable solutions. The important thing to note about these meetings where climate issues are discussed is the fact that they are being held to begin with. It is agreed upon by many of the world’s leaders that change is needed so the world can move forward with confronting the climate crisis.
A key piece of cutting down on carbon emissions is the adoption of electric cars across the globe. This is something that American electric car maker Tesla has been aiming to do. The UK’s adaptation of a ban on petrol will help the environment in many ways, most importantly by reducing the emissions of petrol-based cars in the country, even if they’re coming from what are promoted as “electrified” vehicles.
UK gives death sentence to internal combustion cars, hybrids included
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Roundabouts aren’t always the easiest to navigate for human drivers, but one Tesla Model 3 was able to successfully go through one using its Smart Summon feature.
The host of YouTube channel All Electric wanted to see how his Model 3 would perform at navigating a roundabout using only Smart Summon. His Model 3, which had Tesla’s 2019.40.50.7 update installed, was able to make its way around the circular junction with minimum hiccups.
As the All Electric host pointed out, his Model 3 was able to enter the roundabout smoothly, while going at 5 mph and slowing down in some parts of the maneuver, before carefully exiting to reach its intended target location.
Watch how this #Tesla Model 3 safely takes a roundabout autonomously (via smart summon, not FSD…yet) : pic.twitter.com/DZCcrBqR4t
Tesla’s Smart Summon is a feature that allows users to remotely operate their Tesla from a parking spot to a designated location using their vehicles’ Full Self-Driving suite. The feature still requires users to be within 200 feet of their car, and uses the vehicles’ system of cameras, radar, and ultrasonic sensors to get around obstacles. Smart Summon is a step closer to Tesla CEO Elon Musk’s vision of deploying a fleet of autonomous vehicles.
Smart Summon has received plenty of improvements since it was released in September last year as part of the V10 update. The feature has also been put to the test many times, most recently proving that it can drive through a torrential downpour to rescue a family, navigate an intense obstacle course, and take its owner through a drive-thru restaurant.
With full backing from regulatory bodies, Tesla will likely be able to remove the 200-feet restriction on Smart Summon and allow users to call their cars from greater distances. CEO Elon Musk once even mentioned using Summon to call vehicles from across the country. Ultimately, Smart Summon may be a small feature for now, but it will play a central role in the deployment of self-driving Robotaxis.
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Tesla (NASDAQ:TSLA) could hit $1 trillion in revenue by 2030 according to Ron Baron, a Billionaire investor who runs New York City-based Baron Capital and Baron Funds.
Baron Capital currently holds 1.63 million shares of Tesla stock, and they have no plans to sell any of it.
Baron appeared on CNBC’s “Squawk Box” Tuesday morning where he stated Tesla’s potential is limitless. He believes that Tesla is nowhere near finished its meteoric rise in price. “There’s a lot of growth opportunities from that plant going forward,” he said. “[Tesla] could be one of the largest companies in the whole world.”
Tesla stock was priced at $430.26 on 2020’s first day of trading on January 2. The stock has exploded since then, rising nearly 20% in a single day on February 3rd and nearly doubling its value this year alone.
Baron’s decision to invest $357 million into Tesla in 2014 has paid dividends. His 1.63 million shares now have a value of $1.467 billion. But his reasoning for backing Tesla and becoming one of the company’s most successful bulls had to do with Musk’s vision for the world.
“Whether Elon Musk is successful or not I am really glad to have invested in this company because I’m helping–this guy is saving the Earth,” Baron said about the Tesla CEO. “Brilliant guy, great businessman, and saving the planet.”
Musk’s drive to create environmentally-friendly vehicles has been an astounding success, but not everyone is a believer.
Senior Research Analyst Craig Irwin from Roth Capital spoke about his $350 price target that was accompanied by a sell rating on Squawk Box. “Reality is going to set-in” for the Silicon Valley-based electric car company, he said. While he believes it is a good company with a solid financial plan, he states traditional automakers will begin developing vehicles that can compete with Tesla’s battery technology and performance. “This is a company that will see decelerating sales.”
Meanwhile, Baron continues to remain confident in Tesla and states he will not make any moves when it comes to the company’s holdings. In fact, he said that if it were completely up to him, Baron Capital would buy more.
Tesla is coming off an extremely positive Q4 2019 earnings report where the company reported $7.38 billion in revenue and deliveries of 112,000 vehicles in the last three months of the year. The company also announced that its upcoming all-electric crossover Tesla Model Y is ahead of schedule, citing improved production efficiency as the reason for its early rollout of the car.
Disclosure: I have no ownership in shares of TSLA and have no plans to initiate any positions within 72 hours.
Ron Baron has $1B in Tesla stock and says it’s far from over: ‘I’d buy more’
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No one could ever accuse ARK Invest CEO Cathie Wood of being a Tesla (NASDAQ:TSLA) bull who does not walk the walk. Being one of Tesla’s most prominent supporters, Wood is deep into her investment with the electric car maker, and this shows in ARK Invest’s TSLA holdings. Wood’s conviction has also paid off, with the ARK CEO netting a 6,000% gain from TSLA options bets that she personally made last year.
Wood noted in a statement to Benzinga that her strategy is quite simple: when something does not make sense, she takes action. Last year, that exact circumstance happened. Tesla shares dropped to the $170 to $180 per share despite the company improving its Model 3 production output and Elon Musk becoming more tempered on Twitter. During this time, Wood stated that she believed auto the industry did not really understand Tesla fully. The whole scenario presented a unique opportunity for ARK.
Eventually, ARK could not purchase any more TSLA shares because the firm had already reached its 10% cap with the company. Realizing the existing opportunity, Wood opted to take action herself, buying TSLA call options for her personal account. This was a risky move on the ARK CEO’s part, as options require a stock to move a specific price point at a set expiration date.
Wood ended up purchasing January 21 $460 calls when they were trading between $5 and $10. And amidst Tesla’s monster bull run that saw the stock end Monday’s trading at an all-time high of $780 per share, these very same contracts are now trading at about $327. With this, Wood’s trade has potentially generated more than 6,000% worth of returns.
Wood remains as bullish as ever on TSLA stock, especially in the long-term. In a statement, she noted the Tesla still has room to grow, and the company is poised to fend off competition from more experienced rivals, some of which are expected to be released within the next few years.
“This is an exponential growth stock, growth company. And we’ve lived in a linear growth world for so long, with the law of large numbers pulling growth rates down, that people find it hard to understand what exponential growth is. Last year when the Tesla killers came out, Audi, Taycan, and Jaguar, when they came out, you know, that’s right in their category. And Tesla’s market share of the electric vehicle market went up, not down. It went up to 18%,” Wood said.
Disclosure: I have no ownership in shares of TSLA and have no plans to initiate any positions within 72 hours.
Tesla’s biggest bull stands firm on TSLA, gets 6,000% gains from options bets
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The farming industry was critical in the success and growth of our nation and today is still a keystone part of the American economy. Since the founding of the United States in 1776, farming has been considered a dominant force in providing American citizens with employment and food. According to the U.S. Bureau of Labor Statistics, almost half of the American population was employed in agriculture. However, this number has sharply declined.
The Agricultural industry employed less than 1% of the American workforce in 2018. With the U.S. population steadily increasing, the agriculture sector is in need of more laborers and workers to keep up with the demand for food and harvesting of other necessities.
One of the most booming sub-industries in the agricultural field is cannabis and hemp. Cannabis-based products have become a hot commodity because of their wide array of uses. Everything from industrial-strength hemp rope to Cannabidiol (CBD) products have taken over as some of the most popular items to buy.
CBD has boomed since its initial introduction into the medical industry in 2018 after its legalization due to the passing of the U.S. Farm Bill that allowed the product to be used medically and recreationally. CBD products are used by the world’s biggest athletes, and also by regular citizens who suffer from common medical issues like anxiety and depression. Forbes suggests that the CBD industry could be worth $20 billion by 2024.
Hitch’s Farming Robot harvesting grapes while working on a vineyard.
California-based Hitch Robotics is one of the companies aiming to assist the industry with its lack of workers. The company has developed a fully-autonomous and solar-powered farming robot that is geared toward assisting in the harvesting of large fields of cannabis. With the development of autonomous machines like Hitch’s farming robot that can work around the clock without human interference, the workforce may not need to grow.
Hitch notes that the continuing decline in the agricultural workforce has cost the U.S. economy $3.1 billion annually in the production of crops. With Hitch, farms can see a 30% increase in labor productivity, which could save California, the state with the biggest Ag industry, around $1.7 billion.
Hitch’s fully-autonomous product will assist in the harvesting of crops and plants through a fully-computerized method of navigation. The robot will use Artificial Intelligence, High Precision GPS systems, various cameras and sensors to navigate through any crop field it is meant to be utilized for.
The robot also has three different “hitches” to assist with different tasks: The Transport Hitch, the Harvest Hitch, and the Command Hitch. The Transport Hitch can be used for transporting crops and plants to other locations. The Harvest Hitch is pulled by a series of autonomous vehicles and will accurately identify and then pick and pack ripe produce or crops, place them in a bin and transport them to the appropriate location. The Command Hitch allows a series of autonomous vehicles to be operated through a solar-powered trailer with automated battery swaps.
The versatility of the Hitch Farming Robot could revolutionize the modern agricultural industry as we know it. The company has raised $386,600 of its $2,000,000 goal for the current investment round and is backed by a global early-stage venture fund, focused on Deep Tech and enterprise solutions. Hitch has requested the help of Teslarati to secure the rest of the needed funding to continue the development of its product.
Hitch has already garnered the attention of many farms, and two have submitted pre-orders, one is a publicly-traded cannabis company, Grown Rogue, and another is 130-year old specialty farm, HMC Farms. Combined, they have pre-ordered 500 bots totaling $26.8 million in revenue for Hitch.
For as little as $1,000 today, you can become a shareholder revolutionizing and invigorating the agricultural industry.
Hitch’s autonomous Farming Robot is the answer to the declining agricultural industry
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Tesla stock closed at a record-high of $780 per share on Monday, pushing the California-based electric carmaker’s valuation to $140.591 billion and above the market cap of Volkswagen and BMW combined. Tesla’s latest record-setting valuation further solidifies the Elon Musk-led company’s position among legacy automakers, eclipsing Volkswagen’s market cap of $90.672 billion and BMW’s $45.894 billion.
Earlier this month, Tesla overtook Volkswagen as the second most valuable carmaker in the world. The latest valuation widens the gap between the two manufacturers to roughly $50 billion on Monday.
Wall Street’s prediction on the further upside of TSLA gave the price some boost. Argus Research upped its price target for the electric carmaker to $808 from $556 citing revenue growth from Model S and Model X and the strong demand for the Model 3.
“Despite past production delays, parts shortages, labor cost overruns and other difficulties, we expect Tesla to benefit from its dominant position in the electric vehicle industry and to improve performance in 2020 and beyond,” said Argus Research analyst Bill Selesky.
ARK Investment Management also updated its valuation model and believes the stock could hit $7,000 per share or even a best-case scenario of $15,000 by 2024.
For Gene Munster, managing partner of Loup Ventures and a known Tesla Bull, he attributes the bright future of Tesla to its head start against automotive giants with deeper pockets.
“The thesis for Tesla’s business miracle is rooted in the handful of years that the company operated with effectively no competition. Tesla has nearly a decade head start in EVs as other automakers under-invested in the space,” Munster said.
Tesla has a commanding presence in the mid-luxury sedan market that’s wreaked havoc on BMW and Mercedes Benz who have both been slow in delivering a viable electric vehicle for the everyday consumer. With Tesla’s investment into fun yet useful over-the-air features that have been otherwise foreign to traditional automakers, the company will continue to see unparalleled growth in the industry.
Tesla chief Elon Musk will host an AI hackathon party at his house to accelerate the development of Tesla’s full self-driving capability and Autopilot feature, and most likely fish for new talents to join the company.
Tesla will start the delivery of the Model Y this March, way ahead of schedule. The much-awaited crossover also has an updated EPA range of 315 miles from the original rating of 280 miles.
The Silicon Valley-based carmaker is also getting closer to laying the first bricks of its first factory in Europe, Giga Berlin. It also recently applied for subsidies for its battery cell production in Grunheide, which will help keep costs optimal. In China, Tesla’s factory is offline at the moment due to the ongoing novel coronavirus pandemic but Tesla China is continuing its push and answers questions from potential customers via social media.
If Tesla keeps on track and execute flawlessly, we can only expect to see analysts and the automotive world get more bullish and the long-term expectations of skyrocketing stock prices will highly likely come true.
As for the short sellers, losses amounted to $2.5 billion on Monday or about $8 billion since the start of 2020, according to data power company S3 Partners.
Tesla is now more valuable than Volkswagen and BMW combined
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A Tesla Model Y Performance prototype with white seats was spotted in a Los Angeles parking garage over the weekend.
All sightings of Tesla’s upcoming all-electric crossover thus far have been with the standard black interior. This most recent sighting gives Model Y pre-order reservation holders a first-hand look of how the vehicle may appear with Tesla’s all-vegan white interior.
In the series of photos posted on the r/TeslaMotors subreddit by u/lastnamethai, the Model Y appears production-ready and with subtle modifications to its body style since the vehicle was first spotted outside of the company’s factory in Fremont, California last year.
The newest Model Y sighting joins numerous other sightings that have taken place on public roads across the US, and another on Tesla’s factory test track. In some instances, test vehicles have been outfitted with calibration instruments.
In Tesla’s Q4 2019 earnings update, the company credits Model 3 production improvements for helping fine-tune the production of the Model Y. The two vehicles share nearly 75% of the same parts, making for an easier transition to Model Y production which began in Fremont earlier this year.
The Model Y has also received benefits from Tesla’s continually improving engineering processes. The company announced that the EPA upgraded its range on its AWD variants of the vehicle from 280 to 315 miles. “This extends Model Y’s lead as the most energy-efficient electric SUV in the world,” the company stated.
As of now, the Model Y is available for purchase in two variants. The Long Range Dual Motor and Performance variants will both have an EPA-rated range of 315 miles and cost $52,990, and $60,990 respectively. Tesla Model Y first deliveries will begin by the end of Q1 2020.
Tesla Model Y with white seats spotted in the wild for the first time
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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.