Economy

Tesla wants to build a new record battery in Australia

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Friday 13th November 2020

Elon Musk and Tesla made headlines three years ago when the company boss made a bet that he wanted to build the world’s largest storage battery in Australia within 100 days. The 100 megawatts output – and was actually completed within the deadline.

Now the Californian company is stepping up, because the system that Tesla operates together with the French energy company Neoen has now increased its output to 150 megawatts and can now deliver 194 megawatt hours. The system nevertheless had to give up the title of the largest lithium-ion battery in the world – it is located in Otay Mesa, California, is operated by LS Power and offers 230 megawatts of power.

Neoen and Tesla do not want to put up with that, have already registered a 250 megawatt system in Australia and want to offer capacities of up to 450 megawatts in the near future.

Europe is far behind in the race for the largest battery in the world. One reason for this is provided by a study (registration required) by the consultancy Wood Mackenzie: The bureaucracy’s hurdles are too high and complicated. Also because politicians underestimate the challenges, other regions – such as the USA, China and Australia – are ahead in this area.

Wednesday November 11, 2020

Time and again, Tesla supplies its existing fleet of Model S, X and 3 with smaller updates that make the vehicles competitive in the constantly evolving market. So they sometimes get new switch consoles, new rims, better software or even more powerful engines.

Now German Tesla drivers and users of the “Tesla Drivers and Friends” forum have reported that they have noticed a change in the Model 3 cars offered in Germany. These would now be advertised at 82 kilowatt hours instead of the previous 79 kilowatt hours – an increase of around five percent. The “Electrek” portal also confirms the increase.

Tesla’s battery partner, Panasonic, would have previously announced the five percent increase. At the time, it was unclear when the improved batteries would be installed in the first models. Now a new German Tesla customer seems to be one of the first to receive a new Model 3.

Tuesday November 10, 2020

Elon Musk has just stopped by on a surprise visit to Berlin to hold personal interviews with potential Tesla engineers. Now the first photos of the Gigafactory in Grünheide near Berlin have appeared from an unknown source, as the Twitter account @ Gf4Tesla writes.

Although the photos do not show any office space or individual rooms, they do give a glimpse into the huge production halls of the factory, which measures almost 730,000 square meters covered. You can see the first leaked images in the tweet below.

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During this period of time, which Musk had often referred to as “production and logistics hell” in the past, the company was primarily occupied with increasing production of the Model 3 enormously in order to meet the increased interest of potential buyers.

Tuesday 3rd November 2020

Tesla’s beta test for the autonomous driving software FSD (“Fully Self-Driving”) has been running for over a week. Selected Tesla drivers, who already have a suitable vehicle and the option to book FSD, are now driving their Teslas on public roads in the United States as monitoring passengers.

Some can’t get out of the praise for Elon Musk, Tesla and the software team behind the autonomous software, publish videos, tweets and Instagram pictures in which they express their enthusiasm for FSD. But there is also criticism.

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Monday 2nd November 2020

Tesla is not only an e-car manufacturer, but is also driving the development of autonomous driving. The Californian company recently started the public beta test phase of its FSD software, which selected Tesla drivers are now using on American roads.

On Twitter, the Association of Tesla Drivers of Silicon Valley asked Tesla boss Elon Musk how often updates for the software were released. His answer: every five to ten days.

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It is not known when legislation in this country will also make autonomous driving possible for the general public. In any case, the video clearly shows that the software reacts in an exemplary manner to pedestrians, other road users, and street signs and traffic lights.

Monday 26th October 2020

Tesla is recalling around 30,000 vehicles in China because of suspension problems. These are imported Model S and X series e-cars, which were delivered between September 17, 2013 and January 15, 2018, announced the Chinese state market regulator last Friday.

This affects almost all vehicles in the series that were sold during this period. However, Tesla cars that have been manufactured in the new Gigafactory in Shanghai since 2020 are not affected by the recall.

Friday 23 October 2020

The videos of hanging, dropped rear bumpers on Tesla cars brought the Californian electric car maker a lot of malice a few years ago. Although the company headed by Elon Musk has not only had to contend with allegations of inadequate processing (keyword: gap dimensions) since then, it has gained a lot more momentum as a result.

Especially when it rained, the rear bumpers simply fell off the cars. After years of speculation by fans and critics, the company has finally admitted design flaws in vehicles of the Model 3 series. This is reported by the “Electrek” portal.

Accordingly, the portal has a paper that clarifies the warranty claims of all those drivers whose rear bumpers have lost their grip when driving through puddles with their Tesla Model 3. The company takes over the repair costs.

Tesla Model 3, which were manufactured before May 21, 2019, are affected.

Thursday October 22, 2020

Tesla fired the general construction manager of the Gigafactory in Grünheide, Evan Horetzky, on Thursday. This was reported by the “rbb” with reference to industry groups.

Evan Horetzky has overseen other large Tesla projects, including factories in Nevada and California. It is still unclear what influence his expulsion in Grünheide will have on the further course of the construction work.

Tesla writes strong quarterly results

The US electric car manufacturer Tesla has been in the black for the fifth quarter in a row and has confirmed its ambitious annual targets. In the three months to the end of September, a net profit of 331 million dollars (279 million euros) was achieved, as the company of tech billionaire Elon Musk announced on Wednesday after the US stock market closed in Palo Alto. Tesla thus increased its earnings by 131 percent compared to the same period of the previous year.

Sales grew 39 percent to $ 8.8 billion, a new record. Tesla clearly exceeded expectations, the stock reacted after the hours with a significant price increase. With the surprisingly strong quarterly figures, Tesla is expanding its series of successes – since it was founded in 2003, the company has never been profitable for such a long period.

Tesla also affirmed that it will continue to pursue its ambitious plan to deliver half a million vehicles this year, despite the stress of the Corona crisis. In the first three quarters, almost 320,000 cars were brought to customers, 139,593 of them in the past quarter. Achieving the annual target of 500,000 deliveries, however, has become more difficult, admitted Tesla in the annual report with a view to the corona pandemic.

Wednesday October 21, 2020

According to a report in the “Frankfurter Allgemeine Zeitung”, Tesla is merging with the Rhineland-Palatinate automotive supplier ATW (Assembly & Test Europe GmbH).

Accordingly, the Federal Cartel Office gave the Californian company approval to join the Neuwied-based company.

The spokesman for the city in the north of the state welcomed the entry: “Tesla plays a leading role in electromobility”. The merger would also save the approximately 210 employees of the company, which has previously supplied car manufacturers such as BMW, Daimler and VW, from unemployment.

Tesla also joined Grohmann Automation GmbH four years ago in Prüm, around 100 kilometers away. The mayor of Neuwieds pointed out that the distance between the two places made it easier to work together. According to “FAZ”, the Rhineland-Palatinate Ministry of Economic Affairs also made positive comments about the entry.

Tuesday 20th October 2020

The news agency “Reuters” confirms what many Tesla fans and portals have been prophesying for weeks: Anyone who buys a Tesla Model 3 in Europe with immediate effect is very likely to receive an electric car “Made in China”. The car manufacturer confirmed this to the news agency.

Germany is one of the ten European countries that are being supplied with Chinese productions of the Tesla Model 3 from the Gigafactory near Shanghai.

The Model 3 produced in China have had the cheaper LFP cells from the Chinese battery manufacturer CATL for power storage since the beginning of the month. In this country, only conventional lithium-ion batteries have been used in Tesla cars so far.

When the Model 3 with LFP cells was introduced in China, Tesla lowered the price there and at the same time increased the range somewhat. German customers can also count on the higher range – whether Tesla will also reduce the price for the Model 3 in this country is still unclear.

Monday 19th October 2020

The Californian electric car manufacturer reserves the probably most extravagant Tesla car for its home market in the United States. In any case, the dimensions of the Cybertruck are rather unsuitable for European streets – and parking lots.

Anyone who still wants to drive a cybertruck in Germany could resort to a trick, as the “TeslaMag” portal writes. In a conversation with a car importer, the portal found out that the keyword was “individual acceptance”. Here a vehicle has to pass a test at the TÜV for a special individual operating permit. The regulation allows the importer time and again to register vehicles in Germany, even though they are not actually intended for the European market.

If the reason for the non-approval of the Cybertruck were the brake system or the built-in lights, such an individual acceptance is quite possible, says the expert. If, on the other hand, the front was made of hard steel, which could be dangerous to pedestrians in the event of an accident, then the importer sees little chance of individual approval. Then only the approval in a non-European country like Morocco would help – that is also possible, if not welcome.

Friday October 16, 2020

Already last week there were first indications that Tesla is revising its successful Model 3. As of today, fans can buy the new version. As usual at Tesla, there wasn’t a big announcement, some changes were quietly added in the shop.

For example, the design of the center console is new. The glossy surface previously regularly caused frustration among drivers because it was very prone to scratches and fingerprints. Now only the frame is made of chrome.

Tesla

The chrome decorations on the outside, for example on the windows, are now black. In addition, the range has increased, at least for the Standard Plus versions (now 430 km instead of 409 km with one charge) and Long Range with all-wheel drive (580 km instead of 560 km). The performance version does not get a greater range, but its price drops slightly: Instead of 61,500 euros, it now costs 58,000 euros. The “over-turbine” rims announced by Tesla a while ago are now also included (see picture above).

Friday October 16, 2020

Tesla announced a new electric car on Battery Day a few weeks ago, which should be available for $ 25,000 in about three years.

It would be the culmination of Musk’s years of efforts to bring the cost of electric vehicles down to affordable levels. Sandy Munro, CEO of consulting firm Munro and Associates, is skeptical that Tesla can actually do this without making fundamental compromises.

“The cost of the battery was $ 158 per kilowatt-hour when the Model 3 was built,” he said in a conference call with analysts.

“For the Model Y, we’re going to price it around $ 108,” he continued.

“108 dollars is already a big drop in just two years, also because the prices for the manufacture and chemistry of the batteries keep falling. In the next few years it could go down to – I don’t know – maybe $ 70 or so, $ 70 or $ 75 per kilowatt-hour. That’s a big step, but at the end of the day it won’t be enough to offer a vehicle for $ 20,000 or $ 25,000, I don’t see that. “

In order to actually offer a car in this price segment, Tesla would have to cut many other functions – and that could make the electric car unattractive for customers. According to Munro, there are now many big competitors like VW who are also looking at the mass market. Tesla must continue to convince customers in a growing competitive environment.

“If you wanted, you could somehow get the price,” said Munro, “but would customers really be happy with a car like this?”

Thursday October 15, 2020

The analyst Pierre Ferragu of New Street Research has published a study in which he believes Tesla will generate 100 billion US dollars by 2026. In 2019, the company had just reported sales of $ 25 billion, but the bottom line was lost $ 865 million.

The analyst is so optimistic that he has already raised the price target from $ 400 to $ 578 – a third more. But this should develop a lot further in the next few years, says Ferragu. A rate of US $ 1,200 would be possible – roughly tripling the current rate of US $ 461.30 (EUR 382.70).

Wednesday October 14, 2020

Tesla wants to encourage the S / X area and is lowering the prices for it. Because the e-car manufacturer has set growth targets for 2020 that cannot be achieved with the Model 3 alone, as the “TeslaMag” portal writes.

And so the Tesla Model S in its basic version with dual motor and a range of 610 kilometers no longer costs 80,000, but only just under 77,000 euros – 3,000 euros less than before.

The Californian company’s SUV, the Model X, has been reduced from around 89,000 to around 86,000 euros – also reduced by 3,000 euros.

It is the third price reduction for the models this year. Most recently, Tesla lowered prices in July – also by 3,000 euros.

Tuesday October 13, 2020

The enormous success of the Model 3 was also made possible by the so-called “production hell”, which Musk and his employees immersed in at the end of the preparation for the first deliveries of the Model 3.

At the time, Musk himself was even sleeping on the floor of his factory building in Fremont, California.

If you believe the auto expert Sandy Munro, this time of hard work has paid off enormously for the company. Munro Tesla certifies up to a decade ahead of the competition thanks to the “production hell”. Because at this time Musk was forced for the first time to actually produce cars at production speeds.

According to Munro, this has brought with it two key findings that have made the carmaker one of the most progressive in the industry. For one thing, ideas of full automation have been discarded because people have proven to be irreplaceable workers. Musk said, “Excessive automation at Tesla was a mistake,” which the company has since corrected. On the other hand, it was decided not to chisel production processes in stone. The result: Tesla can continuously improve the design of the vehicles.

According to Munro, both of these factors ensure that the young e-car manufacturer has an enormous lead over the sometimes very stuck competition.

Monday October 12, 2020

Now there are the first signs that the vehicle presented in 2016 will be renewed for the first time – visually. The body and engine will remain, but many details such as the steering wheel, the rims, the windows, the center console, the front trunk and the rear hatch, as well as new upholstery colors should be available soon.

The first pictures of the innovations are currently appearing on e-car portals such as “Electrive” and on Twitter:

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In a direct comparison, they look a bit cheaper than the previous sports rims for Model 3. On Reddit, for example, Tesla fans are complaining about the alleged “downgrade”.

It is not yet known when the first Tesla Model 3 with the new optics will be available for delivery. However, the Tesla blogs assume that it should be in 2021.

ph / with material from dpa

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