Tesla

Tesla debuts new SUV model: Delorean doors included

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Via: The Verge

Well, it has finally arrived. Originally slated to start production all the way back in 2013, Tesla just yesterday unveiled their long awaited Model X crossover SUV model; and it is every bit as cool as the public, and Wall Street analysts alike had hoped it to be.

Tesla’s new Model X. (Via Wired.com)

The model itself is a sleek, svelte crossover; similar in its aerodynamic look to the flagship Tesla Model S. However, there are a number of notable differences. It has three rows of seating, which while seeming like a somewhat analogue selling point on this futuristic crossover, is very important for drivers with families. Also, the model uses a version of the dual-motor design that is included on the Model S, making it one of the fastest crossover models in production today, with a 0-60 time of only 3.2 seconds; the same as a Porsche 911 Turbo. In terms of range, it will boast about 250 miles per charge, slightly less than the Model S, but still very manageable from a logistical standpoint.

And did we mention the doors? This is not only the first three-row, all-electric family carrier, but its also the only one boasting Delorean doors. This means the doors open upright, instead of the usual push-out design. Pretty cool touch, if we do say so ourselves. Alas, its not all fun and games with the new Model X however, as the upcoming, initial edition of the crossover will be priced at $130,000.

Porsche unveils Tesla-rivaling all-electric E Concept car at Frankfurt Auto Show

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Via: Architectural Digest

Exciting news to report here today out of the Frankfurt Auto Show, as it appears that Tesla will soon have another competitor in their now somewhat-lonely luxury electric car market.

Indeed, making the debut at the biggest auto show in their home country of Germany, legendary automaker Porsche has announced an all-electric new concept model, the very first in the automaker’s illustrious 84 year history.

The new all-electric concept model from Porsche. (via Tampabay.com)

Indeed, Tesla has exploded in popularity in recent years, with some Wall Street analysts as much as doubling their forecasts for the automaker over the next 3-5 years. However, there is a lot to be impressed with on this new Porsche concept as well. The model, pictured above, featured a beautifully modern, windswept design; evocative of their classic Porsche 911 design, but also distinctly more modern. In terms of the technical specs, there is a lot to impressed with as well. The model will be able to travel up to 310 miles between charges, and its two motors equally distribute no less than 600 horsepower to the four wheels. This massive amount of power will give the new car a 0-60 time of only 3.5 seconds as well, besting most of even the most powerful traditional muscle cars.

But what about in terms of competing with Tesla? In terms of a side-by-side comparison, the Porsche is a bit more powerful, but the Tesla has a substantially longer range, with drivers reporting over 450 miles traveled between charges before. Time will certainly tell which luxury-electric model strikes the long term chord with consumers, but for now, Tesla still maintains a pretty lengthy lead on establishing itself as the leader in that market.

Price targets for Tesla raised hugely; analysts saying stock could double

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Via: Source

While there are some pretty vocal skeptics of the company, it is ultimately tough to argue against the seemingly very bright future of Tesla, the luxury-electric automaker.

Every year, emissions regulations are tightened even further by governments around the world, squeezing automakers to create more and more efficient models. And while gas prices have remained low and stagnant through most of 2015, gasoline is ultimately a limited resource, with a price that is always subject to change, for higher, or lower. However, the public’s appetite for beautiful looking, and highly performing vehicles is unlikely to wane as quickly. Thus, the writing is pretty blatantly on the wall that the fully electric automaker is poised to be leader in a potentially massive market.

A number of new reports out of Wall Street this week echo that sentiment, as well. To say Morgan Stanley analyst Adam Jonas is bullish on Tesla would be an understatement. In a new note from Monday morning, Jonas writes that he has increased his price hike on the company’s stock from $280 to $465, citing a number of reasons, the key one of which being an as yet untapped aspect of the business called Tesla Mobility, which is deemed an ‘on-demand, app-based mobility service’, similar perhaps to Uber which itself is valued at over $1 billion.

Also, the automaker is well-positioned to be a leader in not only the electric car industry, but also the self-driving industry as well, an area which many tech giants, and automakers are now exploring. What do you think? Is the sky the limit for Tesla? Or will their growth be limited somehow?