Tesla Motors Awarded By Automobile Club of Southern California

Tesla's Model S P85D stole the limelight as it is ranked first in the test carried out by the research center of the club.

The American electric automobile manufacturer, Tesla Motors, has received good news, as one of its pioneered vehicles, Model S P85D, has been ranked first by the Automobile Club of Southern California. Tesla news reported that a test was carried out by the research center of the club. 88 vehicles were tested and rated in a number of categories. These encompassed comfort ability of the ride, levels of emissions, fuel costs, handling and braking. These features might add to the selling proposition of the product.

Industry sources have informed that the automaker scored 94.87 points, almost 10 points greater than the scored points of the rivals. The club has stated in its report that the vehicle is spacious, enjoyable, and quiet. This statement is sufficient to indicate that it is capable of satisfying all the needs of its users by providing superior quality.

Tesla news today affirmed that this electric ‘automotive’ has a number of excellent features. These include an approximate range of 253 miles between charges and 691 horsepower from a double motor set up. Company sources have informed that the high-tech car is capable of reaching 60 miles per hour in three seconds. This information indicates the accelerating ability of the car.

The price of the car was higher than other high ranked cars. Some of them also belonged to luxury brands. The German companies, Bayerische Motoren Werke AG and Audi, manufactured two of the tested cars. Tesla Motors news highlighted that the majority of the appreciated cars were powered by electricity. This information indicates that the popularity of electric vehicles is rising day by day, as fuel-consuming cars are being blamed for polluting the environment.

Volkswagen’s e-Golf SEL Premium was also appreciated as it ranked second in the test. The report said that the car could not match the standard of Tesla-pioneered product as it lacked range. BMW i3 ranked third, which was appreciated for its highly advanced electronics and lightweight materials. Fourth rank was awarded to Subaru Outback 2.5i Premium. It was the only gasoline vehicle in the top ten. The Volkswagen Golf TDI SE was given the fifth rank, which was appreciated for its lower price. Other vehicles in the top ten included Audi A7 TDI Quattro Tiptronic, Nissan leaf, BMW 328d M Sport, Toyota Highlander Hybrid Limited, and the Audi A8 LTDI Quattro Tiptronic. The report also discusses details about green technologies, such as diesel engines, battery electric vehicles, fuel cell vehicles, and plugin hybrids.

It is most probable that the scoring done by the club would promote the use of electric cars. Now it is yet to be seen that to what extent the ranking list is able to increase the sales of Tesla.

The factory construction cost of Tesla Motors increases

Tesla Motors has found out that its factory construction cost has increased in Nevada, while constructing the largest lithium ion battery factory in the world.

The American electric automobile manufacturer, Tesla Motors, has received a bad news, as its financial cost of constructing the largest ion battery-manufacturing factory has increased. Tesla news reported that the building cost of the battery plant in Nevada has crossed $62,000,000. The building project encompasses the establishment of the initial steel structure of the plant. The installation of the structure began last December, and the company had planned to finish the installation by June.

Experts hold the view that the process would end up in September. The process of establishing a 1,500,000-gallon water tank started in late March, for which Farr Construction Corp has been held responsible. Apart from that, a new concrete work has to be done on the main substation of the site by Phoneix-based Suntec Concrete.

Tesla motors news affirms that the process of rating the sites at the compound of the factory has started by Granite construction. The price of groundwork varies from site to site. The company has estimated a cost of $6 per cubic yard for the areas within the Tahoe-Reno Industrial Center. Construction experts have stated that the cost of grading the three sites would be at least $6,000,000.The estimated plant-building cost at the factory through January was $53,100,000. This information is sufficient to explain that the construction cost has increased quite rapidly.

Tesla news today informed that the Japanese electronics company, Panasonic, is also participating in the construction project. Experts believe that the size of the factory would exceed the size of all the lithium–ion battery plants. Industry sources have highlighted that both organizations would require $5,000,000,000 to invest in this project. This increase in the cost was expected. The endeavors mark the future prospects of the company.

A number of labor unions had posted information regarding the delay of the construction project. The Chief Executive Officer of Tesla Motors, Elon Musk, had rejected the posts of the union. Mr. Musk stated that the construction of the factory had not been slowed down. The management of the vehicle manufacturer wants to ensure that the project finishes on time. The business believes that its huge investment would yield very good results.

Market sources revealed that the rapid construction of the plant had contributed to the recovery of the construction industry of Nevada, which suffered from a recession in the past. This development would play an important role in improving the living standards of the construction workers in terms of employment opportunities. It is expected that those opportunities would play a significant role in improving the economy of the American state. Now it is yet to be seen that to what extent the construction speed is able to contribute in benefitting Tesla and its customers.

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Prospects of Tesla Motors in Texas

The American electronic automobile manufacturer is suffering from huge selling problems in Texas as its direct sales model has been banned. The legislature of Texas is discussing the selling model of the firm. Prospects of Tesla will be decided

The prospects of the American based electric automobile manufacturer Tesla Motors have to be decided by the legislature of Texas. Tesla news reported that the members of the state’s legislature would finally vote to permit the vehicle manufacturer to sell its cars directly to its customers. Whereas, the media news reported that a bill has been proposed by the Democratic representative Eddie Rodriguez.

A bill was drafted to permit the vehicle manufacturer to establish up to 12 stores in the state where the manufacturer could sell cars. It was filed in the senate of the state by a Republic Senator Kelly Hancock. The pro manufacturer’s bill is being examined by the License and Administrative procedures committee of the legislature.

Tesla news today reported that the bill has not been welcomed by the committee as none of its members have favored the bill. Government sources informed that most members of the committee have stated that they believe that the implementation of the bill would establish two systems. The members also stated that the approval of the bill would harm the interests of law abiding dealers. The discussion of the senators is enough to tell us that it is most likely that the committee would reject the bill. Currently Tesla Motors is suffering from huge selling problems in Texas as the state authorities have prevented the firm’s would be purchasers from placing orders at galleries.

This action is enough to tell us that the authorities strictly oppose the selling model of the vehicle manufacturer. The dealership lobby has reacted aggressively towards the bill as it is of the view that rules should be same for everyone. Experts also believe, that the campaign contributions have played their role in influencing the views of legislative members as car dealers have contributed heavily to campaigns. Tesla motors news informed that the records of the Ethics commission of the state have revealed that the Democrat representative Roland Gutierrez has received funds from the vehicle dealers association.

The company was favored by a professor from the University of Texas who appreciated  the direct sales of the vehicle manufacturer over the ones through dealership. He has argued in front of the committee members that the electric vehicle manufacturer should be permitted to dispatch vehicles directly to customers. He has further said that the state’s opposition to direct sales model has harmed the interests of consumers and producers. The arguments of the professor are enough to tell us that the civil society tends to support the firm’s selling model. The committee has not yet voted on the bill. Now it has to be seen that to what extent the bill is able to play its role in affecting the selling operations of the automobile manufacturer.

BYD Threatens Tesla Motors

Tesla Motors challenged by BYD

The American electric automobile-manufacturing corporation, Tesla Motors, is challenged by the Chinese electric automobile-manufacturing business, “Build Your Dreams”. Tesla news states that the Build Your Dreams (BYD) is already manufacturing a large number of electric buses in the United States of America. Tesla news today reported that the management of the Chinese automotive business would soon increase its battery production in the largest economy of the world.

These plans would play an important role in initiating a conflict between the two companies, as only one of them can become the largest supplier of batteries to electric vehicles. It is anticipated that BYD would add six gigawatt-hours of battery production in the next three years. This addition would increase the total capacity of the firm to around 34 gigawatt hours by 2020 from the current 10 gigawatt-hours. 

If the Chinese giant manages to achieve its manufacturing target, then it would be able to challenge Tesla Motors, as it would be able to supply its designed vehicles to a larger number of electric automobile buyers. The American electric car-maker would be able to utilize its full production capacity of about 35 gigawatt hours by 2020. It needs to take note of the performance of BYD, as the Chinese business is rapidly emerging as an important player in the electric vehicle business. It is expected that the huge growth of is most likely to attract the existing customers of the American manufacturer.

The worth of BYD would be $1,500,000,000 in the United States of America alone by 2019.This is sufficient to explain that the company is growing at a rapid pace. It started its operations by manufacturing batteries for mobile phones. In 2003, the firm surprised many as it launched its electric automobile. Since then, it has become one of the most successful producers of the People’s Republic of China.

BYD targeted the automobile market of the largest economy of the World. It is suggested by latest Tesla news that the Chinese car developer currently operates and manages two manufacturing plants in Southern California, which makes electric buses. It intends to establish and operate a large manufacturing plant in the largest sugar producing country, Brazil, in 2015. The market analysts and experts hold any opinion regarding this challenge as the spirit of tension prevails.

The achievements and the plans of the automaker are adequate to elaborate that it has the potential to grow significantly and capture the market share of the American business. The management of Tesla Motors needs to carefully develop and implement expansion strategies to compete with the Chinese rival. Now it is yet to be seen that to what extent the corporation is able to threaten its American competitor and dominate the international electric automobile market.