Elon Musk: Tesla’s new orders last week comprised over 2,000 S/X and 5,000 Model 3
According to a recent disclosure by Tesla Motors CEO Elon Musk, the automaker received new orders for more than 7,000 electric vehicles last week. The disclosure was made by Musk in an evident effort to dismiss the notion that Tesla is witnessing a flattening demand for Model 3. Traders have been selling Tesla Motors stock over the last few months and some of them have been trapped as the company managed to release strong production report during the recent quarter. Elon Musk has been closely watching and sharing reports about Tesla Model 3 production numbers.
Further elaborating on Tesla’s new order breakdown from last week, Musk has confirmed that the new orders received by the automaker for its Model S and Model X electric cars topped 2,000 last week, while the new orders for Model 3 electric car surpassed 5,000.
Musk’s disclosure about Tesla’s new order breakdown from last week underscores a rare move by the company. The automaker generally discloses its delivery and production numbers at the end of a quarter.
Musk has apparently shared the latest new order breakdown in response to recent claims by top Wall Street analyst Rajvindra Gill -- at Needham -- that Model 3 new orders are being outpaced by cancellations. With regard to Model 3 cancellations and new orders, Gill had specifically said in a note to clients: “Based on our checks, refunds are outpacing deposits as cancellations accelerate.”
However, some reports had pointed out that there were several other inaccuracies in Gill’s report. In addition, a statement was also issued by Tesla to refute Gill’s claims that the automaker is getting more Model 3 cancellations than new orders.
In a recently released video, Electra Meccanica has teased a new all-electric roadster -- the eRoadster -- which will be based on the Porsche 356.
According to a recent confirmation by German automaker BMW, the company’s new forthcoming all-electric iX3 SUV, which was unveiled earlier in 2018, will be a China-manufactured vehicle that will be exported to other markets.
In an April 19 blog post on Medium, ride-hailing company Lyft has announced that it plans to make its worldwide operation “carbon neutral” by purchasing enough carbon credits.
While we obviously know the general shape of the upcoming Karma Revero - it's based on the old Fisker Karma, after all – the exact details of the Revero are still a bit under wraps.
In a notable move which can potentially accelerate the transformation of the global transportation industry, China is testing an ‘intelligent highway’ built by Qilu Transportation Development Group Co.
In a move which underscores the scaling back of Indian government’s efforts to switch to electric vehicles, the country’s 2030 target for electric vehicles has been revised downward from 100% to 30% by the government led by Prime Minister Narendra