Connect with us

News

Tesla Model X cited as “most significant vehicle”, by growth contribution to record 2016 PEV sales

Published

on

Electric and plug-in hybrid car sales established new sales records in 2016 with the Tesla Model X earning the title of “most significant vehicle” according to EV Volumes. The industry tracking site cites the Model X for its contribution to the growth of plug-in car sales in the US this past year.

EV Volumes defines any car with a plug as a plug-in, which may cause some Tesla fans heartburn. The site does acknowledge that plug-in hybrids are probably a stop-gap solution until there are more pure electric cars with at least 200 miles of range available to American consumers.

“The volume increase in 2016 can be attributed to Tesla (+95 % for S & X combined), the new GM Volt (+61 %), Ford Fusion (+63 %) and a number of newcomers, mostly in the Plug-in Hybrid category.” indicates the published report. “By its growth contribution, the Tesla Model X must be regarded the most significant vehicle this year.”

The Tesla Model S was the overall sales leader for the year with 28,821 units sold to US customers, a 22% increase over 2015. The Model X finished the year with 17,629 US sales, good enough for 3rd place overall. The second generation Chevy Volt claimed 2nd place with 24,739 cars delivered to customers in the US, a 61% increase.

US plug-in car sales since January, 2011. Source: ZEV Facts by Alliance of Automobile Manufacturers

California claimed nearly 50% of all plug-in sales with the other 9 states that adhere to the California zero emissions standards accounting for another 13%. Combined, all ten states accounted for nearly 62% of all US plug-in sales. In the conventional car market, those states make up about 28% of the US new car market.

Other cars with plugs that sold more than 10,000 units in the US in 2016 include the Ford Fusion Energi plug-in hybrid, which saw its sales grow 63% last year to almost equal the Tesla Model X in total sales. The Fusion Energi now accounts for about 10% of all Fusion sales, despite the fact that Ford CEO Mark Fields insists that nobody wants to buy electric cars.

Advertisement

Sales of the Fusion Energi took off midyear after Ford began to advertise it as the longest range plug-in hybrid available. That claim is technically accurate — the Fusion Energi can travel more than 600 miles on a tank of fuel. But it is misleading in that the car only has 22 miles of range on battery power alone, which is only fair to middling for a plug-in hybrid these days.

To give the Fusion Hybrid more range, Ford simply increased the size of the gas tank. All of which suggests that the buying public is still woefully uninformed about cars with plugs, just as Elon Musk always claims when he talks about what a poor job car companies and automobile dealers do marketing electric cars.

The last car to sell more than 10,000 units last year is the venerable Nissan LEAF. Although Nissan promises an all new second generation LEAF with 200 miles or more of range sometime before the end of 2019, the current car is hopelessly out of date. It is essentially the same as it was when it first went on sale at the end of 2010. Still, the LEAF soldiered on to sell just over 14,000 cars in the US last year.

2016 Plug-in car sales in the US. Source: EV Volumes

In all, more than 156,000 cars with plugs were sold in the US in 2016. EV Volumes predicts that number will climb to 250,000 or more in 2017, assuming at least 50,000 Tesla Model 3 sedans are included. Whether the Model 3 makes it to market in significant numbers is one of the biggest stories industry watchers will be following this year.

Advertisement
Comments

Elon Musk

Elon Musk echoes worries over Tesla control against activist shareholders

Elon Musk has spoken on several occasions of the “activist shareholders” who threaten his role at Tesla.

Published

on

Credit: xAI | X

Elon Musk continues to raise concerns over his control of Tesla as its CEO and one of its founders, as activist shareholders seem to be a viable threat to the company in his eyes.

Musk has voiced concerns over voting control of Tesla and the possibility of him being ousted by shareholders who do not necessarily have the company’s future in mind. Instead, they could be looking to oust Musk because of his political beliefs or because of his vast wealth.

We saw an example of that as shareholders voted on two separate occasions to award Musk a 2018 compensation package that was earned as Tesla met various growth goals through the CEO’s leadership.

Despite shareholders voting to award Musk with the compensation package on two separate occasions, once in 2018 and again in 2024, Delaware Chancery Court Judge Kathaleen McCormick denied the CEO the money both times. At one time, she called it an “unfathomable sum.”

Musk’s current stake in Tesla stands at 12.8 percent, but he has an option to purchase 304 million shares, which, if exercised, after taxes, he says, would bump his voting control up about 4 percent.

Advertisement

However, this is not enough of a stake in the company, as he believes a roughly 25 percent ownership stake would be enough “to be influential, but not so much that I can’t be overturned,” he said in January 2024.

Musk’s concerns were echoed in another X post from Thursday, where he confirmed he has no current personal loans against Tesla stock, and he reiterated his concerns of being ousted from the company by those he has referred to in the past as “activist shareholders.”

Advertisement

Elon Musk explains why he wants 25% voting share at Tesla: “I just want to be an effective steward of very powerful technology”

The CEO said during the company’s earnings call in late July:

“That is a major concern for me, as I’ve mentioned in the past. I hope that is addressed at the upcoming shareholders’ meeting. But, yeah, it is a big deal. I want to find that I’ve got so little control that I can easily be ousted by activist shareholders after having built this army of humanoid robots. I think my control over Tesla, Inc. should be enough to ensure that it goes in a good direction, but not so much control that I can’t be thrown out if I go crazy.”

The X post from Thursday said:

There is a concern that Musk could eventually put his money where his mouth is, and if politicians and judges are able to limit his ownership stake as they’ve been able to do with his pay package, he could eventually leave the company.

The company’s shareholders voted overwhelmingly to approve Musk’s pay package. A vast majority of those who voted to get Musk paid still want him to be running Tesla’s day-to-day operations. Without his guidance, the company could face a major restructuring and would have a vastly new look and thesis.

Advertisement
Continue Reading

News

People are already finding value in Tesla Robotaxi services

Tesla initially launched its Robotaxi service in Austin, though the company more recently launched it in the Bay Area.

Published

on

Credit: Tesla

Tesla’s Robotaxi service is still in its earliest days, but some consumers are already finding surprising value in the autonomous ride-hailing system. 

This was hinted at in recent comments on social media platform X. 

Robotaxi Ramp

Tesla initially launched its Robotaxi service in Austin, though the company more recently launched it in the Bay Area. Tesla’s geofence for its Robotaxi service in the Bay Area is massive, covering several times the area that is currently serviced by rival Waymo. 

As noted by the EV community members on social media, going end-to-end in Tesla’s Bay Area geofence would likely take over an hour’s worth of driving. That’s an impressive launch for the Robotaxi service in California, and considering Tesla’s momentum, its California geofence will likely grow substantially in the coming months.

Secret Advantage

As noted by Tesla owner and photographer @billykyle, the Tesla Robotaxi service actually has key advantages for people who travel a lot for their work. As per the Tesla owner, using a Robotaxi service would give back so much of his time considering that he gets about 5-7 shoots per day at times. 

Advertisement

“I’ve been reflecting on how much of a game changer this is. As a photographer that runs my own business, servicing clients all around the Philadelphia area, I could ditch having a car and let an autonomous vehicle drive me between my 5-7 shoots I have per day. This would give me so much time back to work and message clients,” the photographer wrote in a post on X.

The Tesla owner also noted that the Robotaxi service could also solve issues with parking, as it could be tricky in cities. The Robotaxi service’s driverless nature also avoids the issue of rude and incompetent ride-hailing drivers, which are unfortunately prevalent in services such as Uber and Lyft. Ultimately, just like Unsupervised FSD, Tesla’s Robotaxi service has the potential to reclaim time for consumers. And as anyone in the business sphere would attest, time is ultimately money.

Continue Reading

News

Tesla Robotaxi and Supercharger Diner are killing a dreaded consumer tradition

Tesla is still just charging strictly for its services–while asking for zero tips.

Published

on

Credit: Joe Tegtmeyer/X

Tesla’s Robotaxi service and its newly launched Supercharger Diner are killing a longtime but increasingly dreaded consumer tradition in the United States. Based on videos taken of consumers using the Robotaxi service in the Bay Area, Tesla is still just charging strictly for its services–while asking for zero tips.

Tesla Services with Zero Tips

When Tesla launched the Robotaxi pilot in Austin, users quickly noticed that the company was not allowing riders to leave a tip for the service. If one were to try leaving a tip after a Robotaxi ride, the app simply flashes an image of Tesla’s meme hedgehog mascot with a “Just Kidding” message. 

At the time, this seemed like a small tongue-in-cheek joke from the electric vehicle maker. The initial Robotaxi pilot in Austin was rolled out on a small scale, after all, and some social media users speculated that tipping may eventually just be introduced to the service.

But upon the opening of the Tesla Supercharger Diner, consumers also observed that the facility does not allow tipping. Tesla’s notice is simple: “Gratuity: Tesla covers tipping for staff.” This means that employees who work at the Tesla Diner make enough to not rely on gratuities from consumers. 

And with the launch of the Robotaxi service in the Bay Area, users observed once more that Tesla is still not allowing tipping. This was highlighted by longtime Tesla owner @BLKMDL3, who shared a video of the Tesla Robotaxi app also briefly displaying the hedgehog mascot with a “Just Kidding” message when he tried leaving a tip.

Advertisement

Out of Control

As noted in a report from The Guardian, tipping has been a longstanding business practice in the United States, were service workers typically make less than the federal minimum wage. With this system in place, service workers end up relying on gratuities to make ends meet. This was understandable, but after the pandemic, tipping culture ended up going out of control.

On platforms such as Reddit, users have also complained about services like Uber asking for large tips for using their services. Consumers have also shared shocking experiences involving some services that ask for tips. These include self-checkout counters, drive-throughs, hotdog stands, drug stores, a bottled water stall at a jazz festival, an airport vending machine, a used bookstore, a cinema box office, and a children’s arcade, among others.

Continue Reading

Trending