November 18, 2020
Competition For Electric SUVs
But last week, Tesla reversed course and said it would leave many stores open
and raised prices back by about Pedal
assist electric scooter manufacturers 3 percent.In October, Musk said
"significant progress†had been made on the Model Y and that he had approved the
prototype for production in 2020... Tesla would "most likely†build the Model Y
at Tesla’s battery factory in Nevada, he said at the time.Tesla has enjoyed
little competition thus far for its sedans, but competition for electric SUVs is
heating up as Tesla tries to master a new set of economics from the luxury line
that made its reputation.
That plan - later scrapped - ushered in a period of
turmoil at the company, from Musk’s public battles with regulators, a flurry of
securities lawsuits, cost cutting and layoffs.Chief Executive Elon Musk said the
compact SUV, built on the same platform as the Model 3, would first debut in a
long-range version with a range of 300 miles (482 km) priced at 47,000. thanks
to their capacity to invest and their robust record in product management.Musk
unveiled the vehicle at a short 40-minute event at Tesla's design studio in
Hawthorne, outside Los Angeles, that was streamed live online.Tesla Inc unveiled
its Model Y electric sports utility vehicle on Thursday evening in California,
promising a much-awaited crossover that will face competition from European car
makers rolling out their own electric rivals..A standard version, to be
available sometime in 2021, would cost 39,000, with a 230-mile range.
The risk is
"quite low†Musk told analysts in January. Suppliers were originally told
production would start in November 2019, sources told Reuters last year."Twelve
months from now we will have made about 1 million vehicles,†Musk said at the
event, without specifying the breakdown of models.On Thursday, ratings company
Fitch warned that, despite Tesla’s early lead, "incumbent carmakers have the
ability to catch up . In January, he said Tesla had ordered the tooling needed
to build the car.Each of Tesla’s vehicles, from the Roadster to the latest Semi,
were driven onstage before the blue Model Y appeared.Small SUVs are the
fastest-growing segment in the United States and China, the world’s largest auto
market, where Tesla is building a factory, making the Model Y well positioned to
tap demand.Shares of Tesla are down 24 percent from an August high of 379.57,
when Musk tweeted that he was taking Tesla private.â€LOWER COST, LOWER
RISKTesla’s targeted volume production date of late 2020 for the Model Y would
put it behind electric SUV offerings from Volkswagen AG’s Audi, Daimler AG’s
Mercedes-Benz and BMW.
Tesla, two weeks ago, said it would close most stores and
use savings to cut the price of most cars by 6 percent.Still, the Model Y, like
all Tesla models, has already seen pre-production delays. Musk gave no new
details about where the Model Y would be produced at Thursday’s event.After the
event, Tesla’s website included a page to "design and order†the more expensive,
long range version of the vehicle with rear-wheel drive, available next year.
The vehicles can be configured to include 7 seats for an additional 3,000.Musk
has promised an easier production ramp of the Model Y as it shares about
three-quarters of its parts with the Model 3 and would need only half the
capital expenditures of the sedan. Ordering the car requires a 2,500 refundable
deposit.
Posted by: ectracfatyc at
01:56 AM
| No Comments
| Add Comment
Post contains 566 words, total size 4 kb.
12kb generated in CPU 0.0125, elapsed 0.061 seconds.
35 queries taking 0.0521 seconds, 46 records returned.
Powered by Minx 1.1.6c-pink.
35 queries taking 0.0521 seconds, 46 records returned.
Powered by Minx 1.1.6c-pink.