Anderson electric car company

Tesla’s first quarterly earnings report of 2019 showed the company took a massive financial hit after losing a $7,500 electric vehicle tax credit on Jan. 1, Greentech Media reports. Tesla released its Q1 earnings report Wednesday, showing losses greater than the already pessimistic predictions from analysts. The electric car company posted a $702 million net loss.The negative cash flow is the greatest loss the company has ever posted over one quarter. In conjunction with the deficit, Tesla’s car delivery dropped by 31 percent from 90,700 cars in the last quarter of 2018 to 63,000 cars in the first quarter of 2019. Part of the drop-off has to do with logistical problems and tariffs associated with expanding delivery services to Europe and China, according to Greentech. “As far as challenges go, this was a good one to have, because we booked vehicles and consumers support them. This rapid increase in overseas volume strained our logistics operation and resulted in over … [Read more...] about Is Tesla On Its Way To Crashing And Burning? Electric Car Company Posts Huge Losses In 2019

Some 30,000 drivers have made down payments for Porsche’s first electric car, according to the high-end automaker’s chief executive. Those customers in Europe have plunked down 2,500 euros toward the Porsche Taycan, CEO Oliver Blume told the German newspaper Handelsblatt. The company has locked more than 10,000 of those buyers into concrete orders for the car, he said. ALSO READ: Fans slam ‘Home Alone’ reboot following cast announcement “This number is well above our expectations,” Blume told the paper in an interview published Wednesday, according to a translation. Porsche plans to start shipping the Taycan to US dealers this month and deliver 20,000 of them next year. ALSO READ: Ferrari CEO expects fully-electric car after 2025 Porsche is facing pressure to compete with electric automaker Tesla as its CEO Elon Musk moves to build a factory in Germany. The forthcoming Berlin-area plant will produce 500,000 vehicles a year, the German … [Read more...] about Porsche gets 30,000 down payments for new electric car

“Oh, I rarely use those,” said Manoj Varathodiyil, gesturing at a pair of public electric car chargers at a West Midlands service station. Instead, the GP has plugged his car into a “supercharger”, one of a network built by US electric carmaker Tesla, exclusively for the use of the firm’s customers. Varathodiyil, who went electric because of concerns over air pollution and fossil fuels, is one of Britain’s vanguard of 160,000 early adopters learning to live with a plug-in car. Most of those drivers charge at home (87%) and work (8%). But the government wants to ban sales of new petrol and diesel cars by 2040 and recently laid out its Road to zero plan for getting there, envisaging “a massive expansion” of public chargers. For the 43% of households without off-street parking, that infrastructure will be vital if electric cars are to become the future norm. But what about today? Is the road to zero riddled with potholes? To test the state … [Read more...] about One man and his Tesla: an electric car’s journey from Brighton to Edinburgh

JLR is preparing to unveil its first electric car in a move that will put it on course to gatecrash the motor industry’s green revolution. The Tata-owned UK-based manufacturer is understood to be eager to enter the growing market, as well as reduce its emissions footprint to avoid punitive green taxes. It is thought the new electric vehicle – expected to be in the “crossover” segment, where a car and an SUV meet – could be revealed as soon as this week, with the Los Angeles motor show seen by some as a likely venue. JLR is Britain’s biggest carmaker, with more than 500,000 vehicles rolling off its production lines in the UK a year, 80pc of which are exported.  The manufacturer’s predicted entrance... … [Read more...] about Jaguar Land Rover set to drive into electric car market

Ferrari will issue its first fully electric model after 2025, with battery technology still requiring more development, Chief Executive Louis Camilleri said. Ferrari has previously said a fully electric vehicle would be launched after the current industrial plan ends in 2022. Analysts have said they do not expect it before 2023. ALSO READ: 5 female entrepreneurs win UK-Nigeria Tech Hub Pitch competition Camilleri said Ferrari was “certainly” studying a fully electric grand tourer car (GT), but that it would stick to hybrid vehicles for the “current foreseeable future”. “My sense is the electric will come out after 2025. The battery technology is not where it should be yet,” he told reporters in embargoed comments made during a lunch on Wednesday in the Centro Stile at Ferrari’s Maranello factory. ALSO READ: U.S. Senate committee approves Turkey sanctions bill “There are still significant issues in terms of autonomy, in … [Read more...] about Ferrari CEO expects fully-electric car after 2025