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Tideland Prius

Tesla burning through $12,000 every minute amid Model 3 production woes

Tesla's chief executive Elon Musk said last week that the company is designing a new sports car that could go from 0-100 kilometres per hour in 1.9 seconds. Not bad, but there's another speed number that investors might want to focus on instead.

Over the past 12 months, the electric carmaker has been burning money at a clip of about US$8000 ($12,000) a minute or US$480,000 ($700,000) an hour, Bloomberg data shows. At this pace, the company is on track to exhaust its current cash pile on Monday, August 6 [2018].

To be fair, few Tesla watchers expect the cash burn to continue at quite such a breakneck pace, and the company itself says it's ramping up output of its all-important Model 3, which will bring money in the door. But still, its need for fresh cash came into high relief last week when Musk unveiled his latest plan to raise funds. He's asking customers to pay him upfront to order vehicles that may not be delivered for years.
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Tideland Prius Nov 21, 2017 Read More Replies: 7
Tideland Prius

Holden Wants Left-Hand-Drive Chevy Bolt For New Zealand

As one might expect, the anticipated sales volume for the right-hand-drive Bolt EV was too small for GM to consider the offering, and given what we have seen with shipping the car to LHD markets outside of the US, international volume may not really have been one of the original targets of production anyway.

But now the reviews are in and apparently demand is high, so Holden New Zealand is even willing to import the left-hand-drive version for sale (or to self-promote) … if only government would enable them to do so.
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Holden Wants Left-Hand-Drive Chevy Bolt For New Zealand

Tideland Prius Nov 21, 2017 Read More Replies: 1
Tideland Prius

Ford Turns Fusion Plug-In Hybrid Into Police Cruiser

Ford electrifies the market for police, fire, and government vehicles with the launch of a specially outfitted version of the plug-in hybrid Fusion Energi that it calls the Special Service Plug-In Hybrid Sedan.

The model isn’t suitable for pursuits, but the four-door can cover over 500 miles (805 kilometers), including 21 miles (34 km) solely on electric power (which if you are wondering – is the same as the regular, for public-consumption Fusion Energi). The Blue Oval thinks the setup would be perfect for officials like detectives or police and fire chiefs. Sales begin in December, and deliveries start in summer 2018.
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Ford Turns Fusion Plug-In Hybrid Into Police Cruiser

Tideland Prius Nov 21, 2017 Read More Replies: 1

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Featured Threads

Tesla burning through $12,000 every minute amid Model 3 production woes

Holden Wants Left-Hand-Drive Chevy Bolt For New Zealand

Ford Turns Fusion Plug-In Hybrid Into Police Cruiser

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