Showing posts with label TSLA stocks. Show all posts
Showing posts with label TSLA stocks. Show all posts

Thursday, January 7, 2016

Faraday Future Introduces Prototype Against Tesla Models


The details and images of Faraday Future's prototype are disclosed through Twitter.

A prototype is introduction to threaten the interests of Tesla Motors. Images and details of the concept car of Faraday Future were disclosed on Twitter a day ago before its official introduction at Las Vegas technology trade show CES, a weeklong expo’s very highly anticipated event.
The disclosure was done after Tesla’s iOS application made a premature, brief appearance on the App Store. The all-electric powered vehicle would be able to run at the highest speed of 200 miles per hour, compared with Tesla Model S, which is able to run at a top speed of 155 miles per hour, and provide an autonomous driving mode to its users.
The design of Faraday is already being compared with Batmobile, due to its aerodynamic tail fin and cabin covered with glass. The startup is making efforts to manufacture a unique modular battery technology that would equip its bigger cars with more batteries into a frame. After showing the nonproduction prototype vehicle at CES, the organization would probably launch a manufacturing version at the earliest in 2017.
Faraday Future was founded in May 2014 by a team of former Tesla workers, including former director of vehicle and chassis engineering, Sampson. The new organization has not disclosed most of its basic details. For instance, Chinese billionaire Jia Yueting is its investor, but it has described its financing only as "ample”.
The scope of the enterprise's production line is somewhat a mystery, as it has been able to indicate  its plan to explore the rest of the areas of automotive and technology sectors, such as "in-vehicle content" like applications and "unique ownership models", such as a subscription technology.
Faraday also said it aims to launch everything from pickup trucks, crossovers, to sedans and SUVs. No prices were disclosed during the show on Monday. In approximately a year, the Chinese billionaire backed corporation has expanded to over 750 workers.
According to Bloomberg, surprisingly however, a key member quit the organization yesterday. Chief battery designer of Faraday, Porter Harris, has changed his LinkedIn profile by mentioning Lotus Research and Development as his employer.
With its head office located outside Los Angeles in GardenaCalif, the company announced in December 2015 that it would establish an automotive manufacturing facility in North Las Vegas. The initial phase of the plant would be requiring $1bn of investment. It has revealed that the ‘three million sq. ft. plant’ would cover 900 acres and provide job opportunities to 4500 people, where at least half of the workers would be hired from the local workforce of Nevada. 
Clean Technica has reported that Tesla would soon be opening its first Supercharger station in Poland as it would act according to its deal with Orlen.


Thursday, October 29, 2015

Tesla Reports Strong Sales Figures in China


The auto making company has reported great sales figures in China and expects to grow even further in the region

Tesla Motors released its sales report for the quarter that was wrapped up in the end of September and the sales that it has managed in the Asian region has surprised the analysts and investors to no end. The auto making giant was just observed to have make the big release of its Model X vehicle, which was entertained by the market with mixed emotions.
The smart car makers reported massive figures of selling around 1,345 vehicles back in the Chinese region in the third fiscal three month period of the year which showed a huge growth on a quarter over quarter level as it sold around 797 cars in the quarter before this one. In the second quarter, the hybrid car giant managed to sell around 883 in totality. According to a Chinese spokesperson of the auto making giant, it was noted that the total number of cars that were sold by the giant in just a time period of nine months came around a figure of 3,025 which turned out to be more than what was being expected by the giant. This is being taken as a huge accomplishment for the company as only a couple of months back, it was seen that the Chinese people did not take the revelations of the foreign company well in their region and they clearly were not ready for the kind of technology that was being proposed by the auto makers in the first place.
However, this seems to have changed on a massive scale keeping in mind the excessive amount of sales of the Tesla vehicles that have now been sold in China. The success of the luxury cars being sold in the country was properly disclosed to the public in a press conference which was held in Beijing a week ago, when CEO Elon Musk went to the city for an official trip.
In the same press release, Musk spoke to the media and talked about how the giant is capable enough to reaching the same targets in China, that have been reached in the United States. This might not be possible in little time and might actually be observed in the next four to six years. By the next year’s first financial quarter, the electric car makers have made plans to initiate sales of its Model X cars. The sales,  however, will be dependent on the kind of response the vehicle gets from the Chinese public and it will be determined by their interest and adaptation to the new technology offered in the new model.