Tag archives for Hatchback

Report: Tesla Letting Roadster Owners Trade In For Model S – Rumor Central

Report: Tesla Letting Roadster Owners Trade In For Model S

Technophiles often want to own the newest technology, but don’t always have something to do with yesterday’s device. Tesla, however, will be making it easy for current Roadster owners to upgrade to a Model S.

The San Francisco Chronicle reports that Tesla has created a buyback program for current Roadster owners who are looking to move into a new Model S. Tesla’s program works just as any other trade-in deal would work, and has been created to help simplify the process for Model S/Roadster customers, according to Tesla representative Christina Ra. Since some Model S variants are actually priced well below the Roadster, it is possible for an owner to receive more on a trade than the cost of the new car. “In that case, we’d write you a check,” vonReichbauer, Tesla’s director of finance, told the Chronicle.

Pricing for the Model S hatchback starts at $57,400 for the 40 kWh battery, steps up to $67,400 for the 60 kWh car, and $77,400 for the 85 kWh model (all prices are before any government tax rebates). The EPA has already rated the 85-kWh Model S at 89 MPGe and a range of 265 miles. Currently, the only Model S versions being built are the top-spec Signature Performance models that use the 85-kWh battery; an upgraded interior, suspension, and wheels; and the exclusivity of being just one of 1000 units built. Once all the Signature models are built, the automaker will begin to produce the Model S and Model S Performance versions.

Having a cache of Roadsters will also help Tesla, the Chronicle points out. Having another vehicle to sell alongside the Model S until the Model X crossover debuts will help the automaker keep retail sales going. It’s expected that a Roadster would be resold for anywhere around $73,000 to $94,000 depending on age and mileage of the car.

Source: San Francisco Chronicle





By Donny Nordlicht

Hot Items: Chrysler Stops Taking Orders for 2012 Fiat 500 Abarth, Tesla Model S Signature Sold Out

Hot Items: Chrysler Stops Taking Orders for 2012 Fiat 500 Abarth, Tesla Model S Signature Sold Out

It appears hot Romanian model Catrinel Menghia and Charlie Sheen were effective at publicizing Fiat’s hot hatch. Chrysler can’t keep up with all the 2012 Fiat 500 Abarth orders, and the automaker has informed dealers that orders for the 500 Abarth for the 2012 model year are currently not being accepted.

2012 Fiat 500 profile passenger side 300x187 imageThose who place an order now for the scorpion-badged Abarth will be forced to wait until next fall to slip behind the wheel of next year’s model, which won’t begin to ship until next fall. Customers who put their deposits down as early as March will also have to wait until the 2013 batch arrives in September.

By the time the Abarth started trickling into Fiat showrooms in April, The Detroit News reports the company already had more than 1000 cash deposits from customers. The automaker originally planned to build about 1000 vehicles at the company’s factory in Toluca, Mexico, but after receiving a flurry of orders, the automaker bumped up production to the factory’s maximum output of 3000 units a year.

Thanks in part to a small dealer network, Fiat sales didn’t hit the initial target of moving 50,000 cars by the end of 2011, selling only 19,769. The picture appears to be improving, however, as 16,702 Fiat 500s have already been sold through May 2012.

As for the Tesla Model S, the automaker tells us no more reservations are being taken on the Signature model — which has a claimed 300-mile range. The top trim of the Model S which has a claimed 300-mile range. The top trim of the Model S is expected to earn an EPA range rating of 265 miles, and is limited to 1000 units.

Source: The Detroit News, Tesla

By Karla Sanchez

Tesla Loses $396.2 Million in 2012, Posts Net Loss In Q4 – Rumor Central

Tesla Loses $396.2 Million in 2012, Posts Net Loss In Q4

The 2012 loss grew some $141.8 million over the company’s 2011 losses, bringing the red ink to a total of $396.2 million. According to Automotive News, “manufacturing and supply chain inefficiencies” were behind the fourth-quarter loss of almost $90 million, which was up by $8.4 million over the same period in 2011.

Indeed, the automaker says much of its red ink stems directly from ramping up production of the Model S sedan, the company’s sole product at this point in time. The company says it is now churning out 400 units a day, and is allegedly on track to build roughly 20,000 copies by the end of 2013.

The negative numbers don’t seem to have placed a damper on Tesla’s outlook.  CEO Elon Musk stated during the company’s earnings call on Wednesday, “We really have a very high confidence that we will have a profitable first quarter, and this is the very first quarter that we have been at our target production rate.” It’s because Tesla has only just gotten up and running with its 400-unit-per-day rate that we don’t have full sales numbers yet; the company is still working through a backlog of orders on the Model S – unsurprising, given how impressed we were when we named the Model S our Automobile of the Year. That said, it still reported sales of 2400 cars in the fourth quarter of 2012 and has grown its international store total to 32. A total of 2650 Model S cars were sold in 2012.

Tesla is aiming to increase its global retail footprint to 52 stores by the end of this year, and also hopes to roll out a leasing program for the Model S and to continue expanding its Supercharger network. Musk stated that the expansion plans will only help to propel the company’s growth, as it currently has “over 15,000″ reservations for the Model S and expect to post a quarterly profit for Q1 of 2013. Ambitious goals, and we’ll have to wait and see how they shake out over the course of 2013.

Sources: Telsa, Automotive News (Subscription required)





By Donny Nordlicht

We Hear: Tesla Sets Up Roadster-to-Model S Trade-In Program

We Hear: Tesla Sets Up Roadster-to-Model S Trade-In Program

Tesla is ready to help out those owners who feel that their Roadsters aren’t new and shiny enough. According to a new report, the electric car maker will be giving owners a credit when they trade in a Roadster for a new Model S.

2012 Tesla Model S rear three quarter 2 300x187 imageThe San Francisco Chronicle reports that Tesla has created a buyback program for current Roadster owners who are looking to move into a new Model S. Tesla’s program works just as any other trade-in deal would work, and has been created to help simplify the process for Model S/Roadster customers, according to Tesla representative Christina Ra. Since some Model S variants are actually priced well below the Roadster, it is possible for an owner to receive more on a trade than the cost of the new car. “In that case, we’d write you a check,” Tom vonReichbauer, Tesla’s director of finance, told the Chronicle.

Pricing for the Model S hatchback starts at $57,400 for the 40 kWh battery, steps up to $67,400 for the 60 kWh car, and $77,400 for the 85 kWh model (all prices are before any government tax rebates). The EPA has already rated the 85-kWh Model S at 89 MPGe and a range of 265 miles. Currently, the only Model S versions being built are the top-spec Signature Performance models that use the 85-kWh battery; an upgraded interior, suspension, and wheels; and the exclusivity of being just one of 1000 units built. Once all the Signature models are built, the automaker will begin to produce the Model S and Model S Performance versions.

Having a cache of Roadsters will also help Tesla, the Chronicle points out. Having another vehicle to sell alongside the Model S until the Model X crossover debuts will help the automaker keep retail sales going. It’s expected that a Roadster would be resold for anywhere around $73,000 to $94,000 depending on age and mileage of the car.

Source: San Francisco Chronicle

By Donny Nordlicht

Watch the Tesla Model S Attempt to Reach Las Vegas from L.A. on a Single Charge

Watch the Tesla Model S Attempt to Reach Las Vegas from L.A. on a Single Charge

Like it or not, an increasing number of automakers are experimenting with electric vehicles. Whether EVs will supplant internal combustion engines or only complement regular vehicles depends on how well executed they become. On this episode of Wide Open Throttle, host Jessi Lang and Motor Trend technical director Frank Markus attempt to drive the all-new Tesla Model S from Los Angeles to the Las Vegas strip on a single charge – the first real-world range test of its kind.

Tesla Model S from LA to Las Vegas WOT video pic 11 300x187 imageThe Tesla Model S, which is the personal car of Tesla Motors CEO Elon Musk, is fitted with the larger 85-kW-hr battery pack that is EPA rated at 265-mile range. An earlier test by testing director Kim Reynolds and associate online editor Benson Kong netted about 238 miles – short of the official rating. While Lang’s and Markus’ trip was only about 210 miles, they were facing two 4000-foot mountain passes in route to Sin City. In an effort to reduce energy consumption, the duo climbed the summits at 55 mph with the air conditioning off and the windows up in 100 + degree temperatures.

Check out the video below to see if Lang and Markus made it to Las Vegas on a single charge or if the Tesla Model S ended up on the back of a flatbed tow truck. Don’t forget to check out our two Tesla Model S road trip stories here and here.

By Jason Udy

Tesla Offers Additional 2.7 Million Shares, Plans to Repay DOE Loan Early

Tesla Offers Additional 2.7 Million Shares, Plans to Repay DOE Loan Early

Tesla has announced it will offer 2,703,027 shares of common stock along with $450 million worth of convertible senior notes that mature by 2018. The money raised from this public offering will primarily be used to pay off Tesla’s Department of Energy loan with interest.

Tesla Model S rear side view 300x187 imageTesla CEO and co-founder Elon Musk will purchase $100 million worth of the shares himself, with $45 million purchased from the common stock offering and $55 million bought directly from Tesla in a private sale. The underwriters will have a 30-day option to purchase up to 405,454 additional shares and $67.5 million worth of convertible notes, which can be converted into cash or shares of Tesla stock when they mature.

Tesla stock ended trading today at $84.84 a share, up significantly from last week’s price in the mid- to high $50 range. The surge in price is attributable to Tesla posting its first quarterly profit, with the company generating $11.2 million net income in the first quarter of 2013.

Though Tesla’s revised financing option may have lead to higher consideration among luxury buyers, the brand is still only selling variations of one vehicle. Whether Tesla can maintain its momentum remains to be seen.

Source: Tesla

By Alex Nishimoto

Alpha Testing: Tesla Details Engineering Advances of Model S Development

Alpha Testing: Tesla Details Engineering Advances of Model S Development

Tesla’s out to prove its electric Model S luxury hatchback is unique in its technological advancement. To make that happen, the company has released three videos featuring Peter Rawlinson, Tesla’s vice president of vehicle engineering, talking about the car’s structure.

We’re expecting to find more information about the Model S at the Detroit Auto Show next week but, for now, we’ve got these videos highlighting the aluminum structure.

“We’re particularly pleased with this,” Rawlinson says, “it’s a very advanced form of architecture, which is a combination of castings, extrusions, and stampings.”

Currently, the Model S is in its Alpha testing and development stage. In other words, it’s in stage one of two. As though having an electric powertrain wasn’t enough, the Model S will also distinguish itself from other luxury vehicles with its seven-passenger seating.

“Model S has such extraordinary package efficiency, it’s possible to endow it with a third row of occupants,” Rawlinson says.

Underneath that third row you’ll find the compact electric motor and rear suspension — we’re eager to see just how comfortable that third row will truly be.

Rawlinson continues in the third video, discussing how the battery pack helps increase torsional rigidity. Many still doubt whether Tesla will be capable of introducing the Model S quickly enough and selling it at a reasonable price.

“We have a very lean team,” Rawlinson says. “We have people from different disciplines sitting right next to each other and sharing the collective experience of designing and packaging the car.”

Source: Tesla

Tags:

Auto News, Detroit Auto Show, Future/Spied, Green Cars, Hatchback, Hybrid Car/EV, Luxury Car, Tesla, Video Find

Next Article:

Our Cars: 2010 Ram 2500 HD – Highway Cruising and Moving Duties

Share:

By Zach Gale

Tesla Reports 2012 Losses, Expects Positive Q1 2013

Tesla Reports 2012 Losses, Expects Positive Q1 2013

Starting a new car company is hard. Tesla has been finding that out, and it has reported larger losses in 2012 than it did in 2013. It’s not all bad, though – the company is now building 400 Model S cars per day and is on track to produce 20,000 of them this year.

Indeed, the automaker says much of its red ink stems directly from ramping up production of the Model S, the company’s sole product at this point in time. The company says it is now churning out 400 units a day, and is allegedly on track to build roughly 20,000 copies by the end of 2013.

2013 Tesla Model S rear three quarter 1 300x187 imageThe negative numbers don’t seem to have placed a damper on Tesla’s outlook.  CEO Elon Musk stated during the company’s earnings call on Wednesday, “We really have a very high confidence that we will have a profitable first quarter, and this is the very first quarter that we have been at our target production rate.” It’s because Tesla has only just got up and running with its 400-unit-per-day rate that we don’t have full sales numbers yet; the company is still working through a backlog of orders on the Model S – unsurprising, given how impressed we were when we named the Model S our Car of the Year. That said, it still reported sales of 2400 cars in the fourth quarter of 2012 and has grown its international store total to 32. A total of 2650 Model S cars were sold in 2012.

Tesla is aiming to increase its global retail footprint to 52 stores by the end of this year, and also hopes to roll out a leasing program for the Model S and to continue expanding its Supercharger network. Musk stated that the expansion plans will only help to propel the company’s growth, as it currently has “over 15,000″ reservations for the Model S and expect to post a quarterly profit for Q1 of 2013. Ambitious goals, and we’ll have to wait and see how they shake out over the course of 2013.

Sources: Telsa, Automotive News (Subscription required)

By Donny Nordlicht

First Look at the Audi A3 e-tron in Latest WOT Video – Rumor Central

First Look at the Audi A3 e-tron in Latest WOT Video

Get the full details on the new Audi A3 e-tron electric car on the latest episode of Wide Open Throttle. Jeff Curry, Audi’s E-Mobility Marketing and Strategy representative, discusses Audi’s new EV.

Curry tells us that 17 A3 e-tron test vehicles are being launched in four select cities to see how they perform in real-world driving conditions. The production version should be ready in two years and will be based on the upcoming all-new A3. A plug-in hybrid should also arrive around the same time. In addition to the A3 e-tron, Audi is planning to test out the R8 e-tron later this year.

Lang also discusses her recent tour of Tesla Motors’ factory, where she  drove the new Model S. She highlights a few viewer comments that show EVs still have a polarizing effect on the American public but mentions other deemed-to-fail technologies that have become an integral part of our lives. Watch the video and let us know if you agree with the comparisons Lang makes to the electric car.





By Erick Ayapana

Motor Trend Giveaway: “Own” a Tesla Model S in Car Town!

Motor Trend Giveaway: “Own” a Tesla Model S in Car Town!

The Motor Trend 2013 Car of the Year-winning Tesla Model S may be priced out of reach for most consumers, but that’s not the case anymore. Motor Trend is partnering with the popular social game Car Town, allowing players to own the Tesla Model S by visiting our Facebook fan page and following the instructions.

“Any true automobile aficionado will want this kind of horsepower in their stable,” said Dennis Suggs, president and CEO, Cie Games, creator of Car Town. “We’re proud to be offering our first Tesla straight from the pages of Motor Trend to the virtual garages of our car-loving players.”

Car Town 2013 Scion FR S Community Design Contest prizes 300x187 imageAnd that’s not all. Aside from an in-game pop-up of the Motor Trend magazine, there are monthly Motor Trend community design contests — from designing a Motor Trend branded truck to transforming a Car Town garage into Motor Trend headquarters — with three finalists earning a Motor Trend branded Scion FR-S.

Car Town has nearly 50 million lifetime players on Facebook, and the related game Car Town Streets has proved popular on iPhone, iPad, and iPod touch.

Check out the Motor Trend Car Town Community Design contest page here, and the official Car Town Facebook page here. To see how you can get a Tesla Model S in your Car Town garage, head here.

By Motor Trend Staff