Connect with us
Tesla Model Y Performance delivery center Tesla Model Y Performance delivery center

News

Tesla is going full throttle in what could be its most vital end-of-quarter push yet

Tesla Model Y Performance delivery center (Credit: i1Tesla/YouTube)

Published

on

The end of the second quarter is at hand, and all signs are pointing to Tesla (NASDAQ:TSLA) conducting an intense delivery blitz once more. With the possibility of a potential inclusion to the S&P 500 at hand, Tesla appears to be in the midst of what could very well be its most important end-of-quarter initiative yet. 

The second quarter has been nothing short of brutal to the automotive industry as a whole, thanks in no small part to the outbreak of the coronavirus. With the pandemic resulting in lockdowns across the globe, companies such as Tesla were forced to close their production facilities to ensure their workers’ safety. Tesla, for its part, was able to resume operations in May, and by that time, the company only had a little less than two months before the end of the quarter.

Fortunately for Tesla, Gigafactory Shanghai has been ramping its Model 3 production in China, and deliveries of the all-electric sedan have been in an upswing recently. Propelled by new government incentives, the Made-in-China Model 3 may very well provide a healthy boost to Tesla’s delivery figures in the second quarter. Posts from China have also noted that Tesla is rolling out additional incentives to encourage customers to take delivery of their vehicle orders this month, such as free Supercharging for 1500 km. 

Over in the United States, Tesla is all about the Model Y. Deliveries of the all-electric crossover have resumed since operations resumed in May, and if Elon Musk’s recent tweets are any indication, it appears that it’s all hands on deck for a delivery blitz once more. Just recently, for example, Musk posted an apology to customers due to the company’s shifting delivery dates. The CEO also expressed some special thanks to Tesla’s trucking and rail partners for “figuratively and literally” going the extra mile. 

As noted in a report from The Wall Street Journal, Tesla has a fighting chance at being included in the S&P 500 if it turns even a small profit this quarter. To qualify for the S&P 500, a company has to post a cumulative profit over its previous four quarters, with its most recent quarter also showing a profit. Tesla, for its part, has reported a net profit in the past three quarters, with the company posting $143 million in Q3 2019, $105 million in Q4 2019, and $16 million in Q1 2020.

Advertisement

With this in mind, the company would only have to post a small profit to qualify for the S&P 500. Otherwise, the company would have to wait for its third quarter results this year to qualify for eligibility in the popular stock index. Either way, it appears that the electric car maker, one of the most shorted companies in the market, is within striking distance of yet another big milestone. And that, considering the presence of a pandemic, is quite respectable on its own right. 

Disclosure: I have no ownership in shares of TSLA and have no plans to initiate any positions within 72 hours.

Simon is an experienced automotive reporter with a passion for electric cars and clean energy. Fascinated by the world envisioned by Elon Musk, he hopes to make it to Mars (at least as a tourist) someday. For stories or tips--or even to just say a simple hello--send a message to his email, simon@teslarati.com or his handle on X, @ResidentSponge.

Advertisement
Comments

News

Tesla launches new color from Gigafactory Berlin

Published

on

Credit: Tesla

Tesla has launched a new color at Gigafactory Berlin in Germany, home of the company’s “world-class paint shop,” as Elon Musk once called it.

Bringing a new color to Tesla’s Model Y, there are now five available colors for those who will receive a vehicle from Gigafactory Berlin, with four of them being colors offered in other markets.

However, there is now one distinct color that is only available in Germany: Marine Blue.

Priced at €1,300, Marine Blue will cost the same as both Diamond Black and Stealth Grey, while Quicksilver and Ultra Red are available for double the price.

It is the third shade of blue Tesla offers across its lineup, as Deep Metallic Blue and Glacier Blue are also offered, but in other markets.

Tesla has routinely flexed Giga Berlin for having the most advanced paint shop throughout its factories, and it has produced some interesting colors over the past few years, some of which were truly awesome.

Tesla Giga Berlin is getting a world-class paint shop, new color ‘layers’ to come

In 2020, Musk said, “Giga Berlin will have the world’s most advanced paint shop, with more layers of stunning colors that subtly change with curvature.”

He also detailed the company’s plans to upgrade the Fremont and Shanghai paint shops. Gigafactory Texas was not yet unveiled. Tesla has worked to improve those facilities, especially in Fremont.

It was able to roll out the new Diamond Black color earlier this year.

However, Giga Berlin seems to remain the standard in terms of paint for Tesla. It routinely offers new colors.

For example, back in 2022, Tesla rolled out its familiar Quicksilver color for the Model Y, while also introducing Midnight Cherry Red, a color close to burgundy. However, the company chose to discontinue the color after determining internally that customers no longer wanted to buy it.

Midnight Cherry Red was removed as an option earlier this year, likely to make way for the development of the new Marine Blue.

Continue Reading

News

Tesla Autopilot visualization gets big upgrade with tons of new additions

The AP visualization shows up on the center touchscreen and illustrates the surroundings of the cars. It has gotten better in recent years, as it is able to outline types of vehicles, pedestrians, animals, and more.

Published

on

Credit: @greentheonly | X

Tesla’s Autopilot visualization just got a big upgrade as the company added tons of new additions to what it will be able to render in terms of a vehicle’s surroundings.

The AP visualization shows up on the center touchscreen and illustrates the surroundings of the cars. It has gotten better in recent years, as it is able to outline types of vehicles, pedestrians, animals, and more.

Tesla just fixed a four-year-old bug with Full Self-Driving visualization

However, it still does not have every single application, and acquiring them will take some time. If an object or vehicle is visible to the vehicle but an accurate render is not available, the car will instead pick whatever is closest.

For example, I passed an Amish family yesterday in Lancaster, PA, and instead of illustrating the horse and carriage, it simply showed a small box truck.

In an effort to make the Autopilot and Full Self-Driving suites more robust and accurate, Tesla has added a substantial amount of vehicle renders, which will become available in the coming weeks.

The visualizations were found by Tesla hacker @greentheonly, who posted them on X.

The new visualization renders are:

  • Ambulance
  • Firetruck
  • Garbage Truck
  • Schoolbus
  • European Semi Truck
  • Golf Cart
  • Person on a Scooter
  • Person on a Skateboard
  • Stroller
  • Street Sweeper
  • Three-Wheeler
  • Trailer
  • Train
  • Tram
  • Person in a Wheelchair

Here is an image with all of the Autopilot visualization renders:

Credit: Green

The visualization is a crucial part of manual operation and can be considered a distinct advantage that Tesla has over other companies.

It continues to be an effort that Tesla invests heavily in, as it keeps refining the suite and making it more robust with additional visualizations and animations.

Recently, it was revealed that Tesla is planning to utilize Unreal Engine for driver visualization to create a realistic depiction of the vehicle’s environment. Tesla has not yet confirmed this, but coding found with the Model S and Model X showed it could be coming in the near future.

Continue Reading

News

Tesla dominates best-selling EVs in Q3, but there’s one disappointment

Published

on

(Credit: Tesla)

Tesla dominated the sales figures for electric vehicles in the third quarter in the United States, but there was one disappointment: the Cybertruck.

As a whole, the EV industry benefitted from the loss of the $7,500 EV tax credit in Q3, which was something many expected. As the credit expired, consumers rushed to showrooms to take the credit and remove $7,500 from the purchase price of their new vehicle.

Will Tesla thrive without the EV tax credit? Five reasons why they might

It was a very interesting time for many companies as they scrambled to figure out how to push as many vehicles out the door as they could in preparation for the tax credit’s removal. In typical fashion, Tesla was able to top every manufacturer and secure a dominating portion of the overall market in Q3.

However, some other OEMs pulled out some surprises, including Chevrolet, Honda, and Ford, which managed to get two vehicles in the top 10, as many as Tesla.

Cox Automotive compiled the data in its Q3 Electric Vehicle Sales Report:

  1. Tesla Model Y – 114,897
  2. Tesla Model 3 – 53,857
  3. Chevrolet Equinox EV – 25,085
  4. Hyundai Ioniq 5 – 21,999
  5. Honda Prologue – 20,236
  6. Ford Mustang Mach-E – 20,177
  7. Volkswagen ID.4 – 12,470
  8. Audi Q6 e-tron – 10,299
  9. Ford F-150 Lightning – 10,005
  10. Rivian R1S – 8,184

10.5 percent of the automotive sales in the U.S. in Q3 were electric, a new record that surpasses that of Q3 2024, where the total share of sales for EVs was 8.6 percent.

Now, the disappointment that is evident from this list is the fact that there is no Tesla Cybertruck listed. That’s because it was the second-best-selling EV pickup on the market. The company sold 5,385 Cybertruck units in Q3.

The Cybertruck has been a vehicle that has confused many Tesla fans and owners, especially considering the company had such stratospheric expectations for the vehicle while it was in development. Reservation trackers had the truck sitting between one million and two million orders, but it has not lived up to that.

Pricing is the main issue with Cybertruck. Tesla introduced the pickup with Single, Dual, and Tri-motor configurations, priced at $39,990, $49,990, and $69,990. Those price points are simply a thing of the past.

Continue Reading

Trending