LNG: TESLARATI

Tesla quietly crept up the $100 billion market capitalization mark in extended trading hours on Tuesday. Tesla stock was pegged at $547.20 at the end of the trading day but saw an increase to $555 in after-hours trading, pushing the all-electric carmaker’s valuation to $100 billion.

This further widens Tesla’s lead as the most valuable automaker in the US. It also puts the Elon Musk-led electric car company close to dethroning Volkswagen ($100.59 billion) as the second most valuable car company in the world. Toyota currently holds the title as the world’s most valuable automaker at $232 billion.

The highly anticipated jump into the $100 billion threshold comes as Tesla shares soared more than 7 percent on Tuesday, following one analyst’s bullish predictions.

In a note to investors, New Street analyst Pierre Ferragu raised his 12-month price target to $800, up from an initial target of $530.

The analyst believes Tesla will be able to deliver 2 to 3 million cars annually by 2025 and anticipates “industry-leading margins” that will raise stock prices to $1,100 to $1,700 per share and propel Tesla’s market cap to $250 to $530 billion.

Tesla just traded as a $100 billion company for the first time (in after-hours trading) $tsla pic.twitter.com/tRfr3Q6aZk

— Tom Randall (@tsrandall) January 21, 2020

Most valuable automaker in the US

Tesla crossing the $100 billion barrier is the latest in a series of financial gains for the carmaker. It follows last week’s record-breaking achievement as Tesla surged past Ford’s record $81 billion valuation in 1999.

Although the numbers do not account for inflation and debt, this remains an impressive feat for Elon Musk, who led the company from its early days in 2003 to become the arguably most disruptive company in automotive history. Investors who have stayed with the carmaker since its initial public offering in 2010 have seen their investments increase by 1,100 percent.

Currently, Tesla’s valuation is near the value of the Big Three combined: Ford at $36.64 billion, General Motors at $49.99 billion, and Fiat-Chrysler at $21.38 billion.

Continued growth leading to gains

The most recent win comes hot on the heels of Tesla’s debut of the Made-in-China Model 3. Musk himself flew to Gigafactory 3 in Shanghai, China to personally deliver the first locally made Model 3 to the first Chinese customers. He also formally announced a Model Y program in the country.

Gigafactory 4 is also poised to rise in Brandenburg, Germany. Tesla recently announced its board of directors has approved the purchase contract for a 300-hectare property in Grunheide that will serve as the site for its fourth electric vehicle factory.

Tesla’s Q4 2019 report also spiked investor optimism as the company announced it has delivered 119,000 vehicles from October to December last year. This boosts Tesla’s annual deliveries to 367,500 vehicles in 2019, up by more than 50 percent from 2018.

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Hyundai and Kia have invested approximately $110 million into British-based electric car startup Arrival. The new partnership announced through a press release will position the Korean automakers in the emissions-free commercial vehicle category that e-commerce giant Amazon looks to secure through its partnership with Rivian.

The $110 million investment was split into two different amounts, $22 million from Kia Motors and the remaining $88 million from Hyundai. Both companies are working toward a future that includes a strong lineup of electric vehicles in its bid to increase its presence in the sustainable transportation sector.

With Arrival’s main headquarter in London, and offices in Germany, the Netherlands, Russia, and the United States, the electric car startup looks to expand its global reach through the new partnership.

The three companies came to an agreement that will allow both Kia and Hyundai to use Arrival’s “skateboard chassis” and electric car technologies to produce battery-electric commercial vehicles. The opportunity will also position the automakers to reduce their carbon footprint from the use of diesel-powered commercial vehicles.

Arrival’s Chief Strategy Officer Avinash Rugoobur stated, “We are excited to come out of stealth mode with our partnership with Hyundai Motor Group, and our complementary expertise will allow us to rapidly design, build and roll out vehicles together. Accelerating electric vehicle adoption is good for everyone – for people, business and the planet and we are pleased to undertake this mission with our partners Hyundai and Kia.”

This new partnership between the three companies can be seen as Rivian’s first competition in the commercial vehicle market. Amazon CEO Jeff Bezos announced the partnership with Rivian last year and the company’s plans to buy 100,000 electric vans from the Plymouth, Michigan-based electric truck maker.

Competition for Rivian in the commercial vehicle sector will accelerate the transition to sustainable forms of transportation in the delivery vehicle industry. Transitioning delivery vehicles to electric power will remove a significant amount of carbon from the Earth’s atmosphere by minimizing the climate impact from the millions of packages being delivered via diesel-powered vehicles every day.

Rivian has unveiled its consumer-oriented R1T pickup truck and R1S SUV to the public at its numerous reservation holder events. Pictures of the Rivian-powered electric van were released by Amazon the same day Bezos announced the partnership.

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The New Street Research analyst who correctly predicted Tesla’s (NASDAQ:TSLA) rise to a $530 price target has once again raised the bar for the Silicon Valley-based automaker. Pierre Ferragu has increased the company’s price target from $530 to $800, stating Tesla’s industry-leading technology, demand, and execution as the reasons behind its increased anticipated value.

The company has seen a 22% increase in its price per share in 2020 alone. On Tuesday morning, TSLA stock price jumped by 5% to $536.20 in response to the price upgrade and amid signs that first deliveries of the Model Y crossover are imminent.

Ferragu predicted the company’s stock price would hit $530 per share in May 2018, citing Tesla’s increasing demand from consumers and dominance in the electric vehicle sector. The Elon Musk-led company has continued to improve the performance and range of its fleet of electric cars through technology advancements and frequent software updates, further broadening its appeal among car buyers.

The Model 3 was also released and began deliveries less than a year before the prediction and its overwhelming popularity was just another reason Ferragu felt the company’s stock would skyrocket.

1) We increased our $TSLA price target to $800 today. Worth noting, though, our initial target of $530 was set in 2018, so 2 years down the line, compounded 20% p.a., $800 is the right place to be. Not much has changed in our conviction!

— Pierre Ferragu (@p_ferragu) January 21, 2020

According to TheStreet, Tesla could sell around 20 million units in its “ultimate addressable market,” leaving room for growth that will help the company attain its $800 price point in the future.

Ferragu addressed his new price target in a note, stating Tesla will sell between two million and three million cars per year in 2025 and beyond. This would make Tesla’s market value somewhere between $230 billion and $350 billion or between $1,100 and $1,700 per share.

“The stock will remain volatile, as the spread between bull and bear cases remains wide,” Ferragu stated. “And God only knows what the next controversy will be.”

Tesla’s Q4 2019 earnings call is scheduled for January 29. As the company’s Model Y has received its CARB certification and VINs are registered on the NHTSA website, it appears that the car may see first deliveries ahead of its projected Summer 2020 delivery time.

But the Model Y will not be the only indicator of how the company will perform in the new year. Analysts have previously predicted that the performance of Gigafactory 3 in Shanghai will be a key indicator of Tesla’s success in the global market heading into 2020.

Based on Tesla’s successful Q4 delivery numbers and Model 3’s continued dominance in the luxury sedan category, Ferragu’s $800 price target isn’t as far-reaching as one might think.

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The Tesla Gigafactory 4 build site in Grunheide is now off-limits to local explorers as experts scan and clear the area for explosive ordnance.

“No Trespassing / Explosive Ordnance Clearance,” one of the signs in the forest reads in German. Tesla fan @Gf4Tesla who has been following the developments in Grunheide shared the news on Twitter. He added that he might resort to drone shots to update his followers about the latest GF4 news.

The Tesla board of directors recently approved the purchase agreement for the 300-hectare property where the first Tesla car factory in Europe will rise. This follows the approval of the Brandenburg Finance State Committee that sealed the deal for the purchase of the land for 40.91 million euros or about $45 million.

According to the spokesperson of the state government Florian Engels, Brandenburg authorities are still waiting for the independent report about the second appraisal of the expansive industrial property. Engels said that the report will be prepared as soon as possible and if the appraised value of the land deviates from the first assessment, the price of the Tesla GF4 property will be adjusted.

Okay, friends, the «Tesla Forest» is now – officially restricted area
🚷⛔🚫
I will have to specialize in flying drones, 🚁
because I am no longer allowed to enter the construction site..☹.

the sign means:
» no trespassing, / explosive ordnance clearance «🚨 pic.twitter.com/JyeqZCxRLW

— #Gf4 #Gigafactory4 (@Gf4Tesla) January 20, 2020

Sealing off the forest in Grunheide is a safety measure to avoid unwanted incidents as workers on the site have been building access roads for better logistics in the area. The team has also been searching for unexploded World War II explosives in the area, most likely American aviation bombs. In case vintage bombs are found, the German federal government will shoulder the cost of disposal.

Aside from the dangers of vintage bombs, Tesla is also closely coordinating with authorities and local environmental groups to move animals living in the forest such as a species of endangered bats, deers, wolves, ants, among others. The electric carmaker must be able to remove the trees in the parcel of land they will use for the first phase of construction by Feb. 27, just before the breeding season of birds in the area and when tree cutting will be prohibited.

The area has also been cordoned off and proper signs put up in the build site to make sure only authorized personnel move in the area. Members of local environment groups recently conducted forest walks to protest the building of the Tesla factory and it could be dangerous for anyone to roam around the forest that has not yet been cleared of vintage bombs.

To address the issues raised by locals, Tesla opened an information center in Grunheide and has promised to resolve issues within the legal framework.

Tesla plans to begin construction of the Gigfactory 4 facility by mid-March and start production by July next year. The car factory is set to generate about 8,000 jobs and produce roughly 150,000 cars during its initial phase.

H/T to @Gf4Tesla

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After helping SpaceX enter a new era of routine rocket reusability, the very first Falcon 9 Block 5 booster is officially nothing more than bits, pieces, and a few artificial reefs at the bottom of the Atlantic Ocean — intentionally destroyed to give SpaceX the confidence it needs to soon launch astronauts.

Captured on camera by Teslarati photographer Richard Angle, the upgraded Falcon 9 booster was able to give one last spectacular hurrah prior to its even more spectacular demise, returning fire to Kennedy Space Center (KSC) Launch Complex 39A for the first time in more than half a year. Lacking landing legs and grid fins, visible instead as comically stark outlines on the booster’s sooty exterior, Falcon 9 B1046 lifted off for the fourth and final time on January 19th, 2020.

In doing so, B1046 became the third orbital-class booster ever to fly launch four separate missions — a more than fitting end to the first in a line of upgraded Falcon 9 rockets that have brought with them major improvements in reusability and reliability. Nevertheless, a little over 90 seconds after lifting off for the fourth time, Falcon 9 B1046 – left behind after Crew Dragon successfully escaped the (simulated) failing rocket – yielded under intense off-nominal stresses, rupturing the booster’s propellant tanks and creating a vast fireball at least 300 meters (1000+ ft) in diameter.

Powered by nine Merlin 1D engines and capable of producing up to 7600 kN (1.7 million lbf) of thrust, Falcon 9 B1046 was extensively tested at SpaceX’s McGregor, Texas development facilities over a period of two or so months – unusually lengthy. The extra time was used to make sure that the first completed Block 5 booster – representing an almost clean-slate upgrade of the Falcon rocket family – was agreeing with SpaceX’s engineering models and expectations at all points.

The company likely spent several weeks or more performing numerous wet dress rehearsals (WDRs) — filling Falcon 9 B1046’s propellant tanks with liquid oxygen, refined kerosene (RP-1), helium, and nitrogen and verifying that the rocket was structurally sound and functioning smoothly. Once complete, SpaceX moved onto static fire testing, igniting the booster’s M1D engines for increasing periods of time. Finally, the company wrapped up the rocket and shipped it by road from Texas to Florida.

Shortly thereafter, the rocket was quickly prepared for flight and became the first Falcon 9 Block 5 booster to successfully launch and land in May 2018. Over the course of 2018, SpaceX debuted another five Block 5 boosters, while Falcon 9 B1046 became the first Block 5 booster to launch both twice and three times in August and December.

Finally, on January 19th, 2020, Falcon 9 B1046 lifted off for the fourth and last time, becoming the third SpaceX booster to do so in barely two months. Fittingly, B1046’s last launch occurred at Pad 39A, the same launch site it lifted off from for the first time back in May 2018. Carrying an expendable upper stage, Dragon trunk, and Crew Dragon capsule C205, B1046 could not have experienced a more perfect 90 or so seconds of uninterrupted flight. Interrupted, however, it would shortly thereafter become.

Around 85 seconds after liftoff, Falcon 9 B1046 shut off its Merlin 1D engines at the same time as Crew Dragon C205 ignited eight SuperDraco engines, briskly carrying the spacecraft several thousand feet away in just a handful of seconds. Now fully uncontrolled and rudely interrupted to a supersonic wall of air, B1046 found itself bent and contorted in ways – and under loads – it simply was not designed to survive. Seconds later, the booster’s pressurized propellant tanks were breached, releasing a rapidly dispersing cloud of fuel and oxidizer that almost instantly ignited, creating a fireball the size of several city blocks.

All things considered, not a bad way to go for a well-worn rocket.

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

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A serious car crash in Hallandale Beach, Florida left a Tesla Model X split in two after a Nissan GT-R alleged ran a red light before slamming into the all-electric SUV at high speed. The driver of the Model X walked away with a minor injury to his leg while the occupants of the other vehicle were brought to nearby hospitals for treatment and are expected to recover.

The driver of the Model X was identified as Jose Diaz who was seen counting his blessings moments after walking away from the incident. In a brief phone interview with 7News Miami, Diaz narrated that the Nissan came so fast that he didn’t even see it and that he just felt the bang.

Eyewitnesses to the scene recall seeing the white Nissan GT-R running through a red light at the intersection of Hallandale Beach Boulevard and Three Islands Boulevard before careening into the rear section of the Tesla Model X.

“I went over to help the guy in the white car, because the car had a lot of smoke, and I thought it was going to blow. He came out unscathed, and he was kissing the floor. It was a little blood coming from his nose, and he said, ‘Oh, I just wanna see my girl,’” said Tony Peart, a witness who approached to help the Tesla driver seconds after the wreck.

Tesla Model X Florida car crash (Source: 7News Miami)

Tesla Model X sheers in half after high speed crash (WPLG Local 10 | YouTube)

Tesla Model X Florida car crash (Source: 7News Miami)

Tesla Model X Florida car crash (Source: 7News Miami)

While it’s unfortunate to read about serious vehicular accidents, those involving a Tesla put into spotlight the all-electric carmaker’s award-winning safety features. It is very common to see SUVs involved in rollovers when involved in side-impact crashes because of their high center of gravity, but the opposite is true for Tesla vehicles and the Model X. With its low-mounted skateboard design battery pack, the center of gravity is far lower than traditional combustion engine cars, making it virtually impossible to roll over in high-speed crash testing.

The battery pack outer casing also serves as an extra layer of structural rigidity for the vehicle. Combined with a hybrid of ultra-high-strength materials, and large crumple zones that absorb energy to protect occupants from harm, and it’s no wonder that Tesla owners have touted never buying another car other than a Tesla.

“I waited 4 years for this one and would wait 4 more if that is what it took to protect my family like this” recalls one Model X owner after his all-electric SUV saved his life and the lives of his family after being involved in a horrific crash.

The Tesla Model X was awarded a 5-star safety rating in every category by the National Highway Traffic Safety Administration since its debut. Last December, the Model X was a standout in its class for earning the highest overall rating to date in the 2018/2019 protocol of the  European New Car Assessment Programme (Euro NCAP) for Large Off-Road Vehicles with a near-perfect score of 98 percent in Adult Occupant Protection category.

Tesla’s Q4 2019 Vehicle Safety Report revealed that its vehicles are still 3 to 4x safer compared to the average even without Autopilot and active safety features enabled. With Autopilot on, the numbers are even more impressive at one accident per 3.07 million miles driven compared to the NHTSA findings of one automobile crash per 479,000 miles in the United States.

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Tesla’s unique Cybertruck design has gained the attention of the automotive world, including a Russian mechanic who fabricated a near-identical Cybertruck prototype for deep winter testing in Siberia.

YouTube channel Кик Обзор (translated to Kik Review) fabricated a Cybertruck in its production garage, creating quite possibly the most realistic clone of Tesla’s futuristic truck to date. The engineers and builders at Kik Review built the Cybertruck by using the exact dimensions and specifications that Tesla has listed for its first pickup.

After putting the final touches on the Cybertruck clone, the team at GARAG54 loaded it onto a hauler and transported it to a local snow-covered field. The Cybertruck managed to drive through the accumulation with little issue, and nothing significant enough to stop the test.

The Cybertruck clone was then taken into the nearby town of Novosibirsk near the Trans-Siberian Railway in Southern Russia and gained the attention of pedestrians and fellow drivers. The truck was the center of attention, being recorded on video and being snapped for photos on people’s cell phones, evidently because of its unique design and polarizing build.

“We have arrived in almost the center of the city, and people walk by, the reactions of the kids, it is very cool,” the channel’s host says. “It attracts attention to itself very much, its cool because the shape is unusual and men and women take out their phone to snap pictures.”

GARAG54 and Kik Review plan to keep the Cybertruck copy for themselves and have no plans to disassemble the vehicle.

The Cybertruck became a pop culture icon after its unveiling event last year. The vehicle became the focus of memes and music videos, and celebrities and public figures showed their support for the one-of-a-kind truck. Most interestingly, many people have attempted to build replicas of the Cybertruck, but this one from GARAG54 may be the best one to date.

Tesla will begin producing both the $49,990 Dual-Motor and $69,990 Tri-Motor variants of the truck in late 2021. The $39,990 Single Motor trim will be available the following year in 2022. All of the variants will come standard with Autopilot and an Adaptive Air Suspension feature, a necessary feature according to Elon Musk after he watched a Ford pickup become inoperable following an attempt to carry a 3,000-lb payload.

You can watch the video of Kik Review and GARAG54’s Cybertruck clone below.

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NASA is sending a helicopter to Mars. That’s right, the Mars Helicopter, is a small, autonomous rotorcraft, that will travel with the agency’s Mars 2020 rover and scheduled to launch in July 2020.

The helicopter is designed to demonstrate whether or not this type of technology is capable of being used off-world. (A similar type of craft is scheduled to explore Titan, Saturn’s largest moon in the coming decade.)

“NASA has a proud history of firsts,” NASA Administrator Jim Bridenstine said in a news release. “The idea of a helicopter flying the skies of another planet is thrilling. The Mars Helicopter holds much promise for our future science, discovery, and exploration missions to Mars.”

What started as a development project, the Mars Helicopter quickly proved it was a shining example of how big things come in small packages.

Weighing in at just under 4 pounds (1.8 kilograms), the craft’s fuselage is about the same size as a softball and its dual blades will slice through the tenuous Martian atmosphere, rotating at nearly 3,000 rpm. (For comparison, that’s 10 times the rate of a helicopter on Earth.)

“Exploring the Red Planet with NASA’s Mars Helicopter exemplifies a successful marriage of science and technology innovation and is a unique opportunity to advance Mars exploration for the future,” Thomas Zurbuchen, Associate Administrator for NASA’s Science Mission Directorate said in a news statement. “After the Wright Brothers proved 117 years ago that powered, sustained, and controlled flight was possible here on Earth, another group of American pioneers may prove the same can be done on another world.”

The helicopter is equipped with solar cells to charge its onboard lithium-ion batteries, as well as a heating mechanism to keep it warm during the frigid Martian nights. But before it can buzz around Mars, it has to get there.

The craft will hitch a ride to the red planet thanks to NASA’s upcoming Mars 2020 rover. It will launch attached to the rover’s belly.

Soon after the rover lands on the planet’s surface, it will deploy the helicopter. The rover then drive a short distance away so the craft can take flight.

“The altitude record for a helicopter flying here on Earth is about 40,000 feet. The atmosphere of Mars is only one percent that of Earth, so when our helicopter is on the Martian surface, it’s already at the Earth equivalent of 100,000 feet up,” Mimi Aung, Mars Helicopter project manager at JPL, said in a news release. “To make it fly at that low atmospheric density, we had to scrutinize everything, make it as light as possible while being as strong and as powerful as it can possibly be.”

The Mars helicopter will carry out a 30-day flight test campaign, where it will complete as many as five flights, each a little further away than the last. For its first flight, the helicopter will climb to 10 feet (3 meters), hovering for about 30 seconds.

“The ability to see clearly what lies beyond the next hill is crucial for future explorers,” said Zurbuchen. “We already have great views of Mars from the surface as well as from orbit. With the added dimension of a bird’s-eye view from a ‘marscopter,’ we can only imagine what future missions will achieve.”

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