tesla motors inc (TSLA) Key Developments
Tesla Motors, Inc. Reports Sales Results for the Third Quarter and Nine Months of 2015; Provides Sales Guidance for 2015
Oct 3 15
Tesla Motors, Inc. reported sales results for the third quarter and nine months of 2015. For the quarter, the company said it delivered a record 11,580 cars to its customers but remains off the pace needed to hit its annual target.
Through nine months, it has delivered only 33,117 vehicles.
The company expects to deliver between 50,000 and 55,000 cars in 2015.
Tesla Motors, Inc. Unveils 250-Mile Range, $130,000 Model X Crossover
Sep 30 15
Tesla Motors, Inc. unveiled the highly-anticipated Model X electric crossover vehicle at a company factory in Freemont, Calif. Model X "sets a new bar for automotive engineering," Musk told reporters before the vehicle was unveiled. The car will be marketed as the world's quickest SUV, able to go from 0 to 60 miles per hour in as little as 3.2 seconds. The car's top speed is 155 miles per hour.
Tesla Unveils its Model X Sport Utility
Sep 30 15
Tesla unveiled its Model X sport utility, its third vehicle in the quest to make electric cars mainstream. The electric powertrain will propel the X from zero to 60 mph in just 3.2 seconds on the fast model, astonishingly quick for a large crossover weighing 5,441 pounds. Top speed is 155. Dual electric motors, one on each axle, provide all-wheel-drive grip. The Model X will have a range of 250 miles between charging sessions, similar to the company's Model S sedan. Unlike the sedan, the X can tow 5,000 pounds. The SUV will sell for a bit more than the current Model S sport sedan, which starts at about $70,000 and can run well past $100,000 with options. The Model X, designed at Tesla's studio in Hawthorne, will fit seven adults in three rows of seats. It will use Tesla's flat battery pack, positioned on the underside of the vehicle. That clears space in the cabin and also allows for a second trunk under the hood.
Tesla Motors Announces to Release the Signature Version of Tesla Motors Model X on September 29, 2015
Sep 19 15
Tesla Motors rolls its first Model X crossover off the Fremont plant floor Sept. 29, 2015. Fans are tracking orders and deliveries online, and message boards highlight countdown days and new features. Online posts are punctuated most often with exclamations and question marks. Tesla's inaugural SUV release will be the Signature Model X. This version, loaded with extra features, required a $40,000 deposit and comes with a $132,000 price tag, plus delivery and other fees. The base model is expected to come next. The company has not announced a price, but Musk tweeted that it would be about $5,000 more than its Model S sedan. The sticker price for the sedan starts around $75,000. For Tesla, the Model X is a significant step in the company's strategy to mass market electric cars. Tesla hopes to capitalize on the popularity of SUVs and draw more women into the company's fold. Aptos psychotherapist Ross Bryan placed his Model X order in April 2013. Deliveries were expected to begin in 2014, but production was pushed back. Still, he was attracted by the promise of a high-performance, zero-emission vehicle he could use for ski trips with his family. The Signature version of Tesla Motors Model X is slated for release Sept. 29. Some details about the high-end version of Tesla's SUV: All-wheel drive 90-kilowatt battery 250-mile range (EPA estimate) From 0 to 60 mph in 3.8 seconds Motor power: 259 horsepower front, 503 horsepower rear Top speed: 155 mph Cash price: $132,000, plus destination charge and fees. Tesla estimates a California customer would pay $112,000 after federal and state tax incentives and five years of gas savings. The base Model X is estimated to cost $80,000, but the company has not released an exact price.
1Energy Systems Inc. Plans to Use Storage System Based on Batteries of Tesla Motors Inc
Sep 14 15
1Energy Systems Inc. announced that it plans to use a storage system based on batteries developed by Tesla Motors Inc. The proposed energy storage system, which is part of the 3.2 megawatt pilot project being built northeast of Springdale Road and Airport Boulevard, is expected to cost up to $3 million.