Story Edition - Musk’s Model Y reignites concerns about Tesla cash

 
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Sunday, September 22, 2019

6:27:00 PM CEST

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Place : Hawthorne
Geo Path : Hawthorne,Los Angeles,California,United States
lat : 33.91465   lon : -118.347049

Quotes... Extracted quotes

Elon Musk said: “It’s wild to think about, 11 years ago today we’d made literally one car. And a year from now we’ll have made a million,” External link

digitaljournalFriday, March 15, 2019 7:51:00 PM CET

Elon Musk said: “The cool thing is, it’s ‘feature complete,’” External link

thevergeFriday, March 15, 2019 6:16:00 AM CET

Michael Harley said (about Elon Musk): “He was not the usual charismatic Elon Musk. He was super low-key,” External link

whittierdailynewsSaturday, March 16, 2019 12:49:00 AM CET

Elon Musk said: "I'm confident of any mid-size SUV it will be the one you want," External link

news-yahooFriday, March 15, 2019 5:44:00 AM CET

Elon Musk said: "Batteries and powertrains will come out and go straight into the vehicle," External link

news-yahooFriday, March 15, 2019 7:44:00 AM CET

Michael Harley said: "The auto industry's been making cars for well over 100 years now," "And Elon came in 10 years ago and decided he was going to do things differently. It looks like he's finally conforming to the rest of them. But it's good" External link

lacrossetribuneFriday, March 15, 2019 5:49:00 PM CET

Jessica Caldwell said: "There will be a lot of questions about the price," "Not only are we looking for a pricing announcement but some assurance that they’re actually going to offer that vehicle at that price" External link

news-yahooFriday, March 15, 2019 7:44:00 AM CET

Mike Ramsey said (about Elon Musk): "Until Elon is gone, Tesla is going to be a crazy company that occasionally makes breathtaking products," External link

digitaljournalFriday, March 15, 2019 7:51:00 PM CET

Karl Brauer said: "They need to confirm that the car has a realistic timeline that they can meet," "This would be a good time to not overpromise and underdeliver" External link

news-yahooFriday, March 15, 2019 7:44:00 AM CET

Elon Musk said: "It will be able to do basically anything by the end of this year, just with software upgrades," External link

clickondetroitFriday, March 15, 2019 3:39:00 PM CET

Elon Musk said: “We are bringing ‘sexy’ back quite literally” External link

irishtimesFriday, March 15, 2019 9:04:00 AM CET

Michael Harley said: "It's not groundbreaking, earth-shattering, revolutionary by any stretch of the imagination," External link

lacrossetribuneFriday, March 15, 2019 5:49:00 PM CET

Elon Musk said (about Tesla Model): “We’re aiming to unveil the Model Y approximately March next year, and then go into production about two years from now,” External link

inverseFriday, March 15, 2019 5:46:00 AM CET

Elon Musk said (about Tesla Model): "Model Y, being an SUV, is about 10% bigger than Model 3, so will cost about 10% more & have slightly less range for same battery," External link

news-yahooFriday, March 15, 2019 7:44:00 AM CET

Karl Brauer said: “This also makes the Model Y the most important vehicle in Tesla’s history,” External link

eastbaytimesFriday, March 15, 2019 6:12:00 AM CET

Craig Irwin said: "There is clearly a large market for the M3, and likely the Model Y, but this seems to fall short of more aggressive expectations given vehicle prices seem too high, in our opinion," External link

markets-businessinsiderFriday, March 15, 2019 4:19:00 PM CET

Jessica Caldwell says: “Tesla’s in an awkward purgatory between being a startup and a mainstream automaker,” External link

qzFriday, March 15, 2019 4:13:00 AM CET

Elon Musk said: "I think it's really compelling. I'm confident that of any mid-sized SUV, it will be the one you want," External link

markets-businessinsiderFriday, March 15, 2019 7:44:00 AM CET

Jeffrey Osborne added: “Many investors were hoping a refresh announcement would be made, which would spur additional demand,” External link

news-yahooFriday, March 15, 2019 4:17:00 PM CET

Michael Harley said (about Elon Musk): “Tesla needs to widen its customer base from Elon and EV fans to mainstream consumers,” “The Model Y’s price and crossover design can do that, and if it enters the market soon enough, it will allow Tesla to keep pace with mainstream luxury brands like Audi, Jaguar and Volvo as they launch their own fleet of EV crossovers” External link

eastbaytimesFriday, March 15, 2019 6:12:00 AM CET

Elon Musk said: "I think it will probably sell, probably do more Model Ys than (Model) S, (Model) X, (Model) 3 combined, most likely," External link

markets-businessinsiderFriday, March 15, 2019 7:44:00 AM CET

Jeffrey Osborne said: “We believe the event was more of a capital raising effort and branding exercise,” “We do not see the new Model Y igniting elevated demand or enthusiasm for the Tesla brand” External link

wsauFriday, March 15, 2019 3:17:00 PM CET

Jessica Caldwell said: "If Tesla truly wants to be a mainstream brand, it's going to have to figure out how to sell cars to people besides young men in California," External link

news-yahooFriday, March 15, 2019 8:15:00 AM CET

Mike Ramsey said (about Tesla Model): "The Model Y appears to be exactly what Tesla needs it to be — and SUV version of the Model 3," External link

news-yahooFriday, March 15, 2019 8:18:00 PM CET

Karl Brauer said: "Every day that goes by, it’s less interesting for any single (electric) SUV to hit the market than what was a day before, and that include Teslas," External link

news-yahooFriday, March 15, 2019 7:44:00 AM CET

Jessica Caldwell said: "n> Tesla CEO Elon Musk unveiled the Model Y crossover, a tall platform mate of the Model 3, that arrives in late 2020. Tesla. Elon Musk said Tesla will finally jump into the midsize crossover market with the Model Y, an electric SUV that looks a lot like an enlarged version of its top-selling Model 3 sedan, in late 2020 that's initially priced from $47,000. But unlike in the past, the battery-vehicle pioneer is going to face a range of competing crossovers. Musk, addressing an audience of loyal fans packed into the carmaker’s Los Angeles design studio, unveiled the new vehicle after a lengthy retelling of Tesla’s history and showing off all its models, from the original Roadster through the Tesla Semi. The addition of the crossover, smaller and cheaper than the current Model X, completes Tesla’s “sexy” themed lineup, he said. “It has the functionality of an SUV but will ride like a sports car,” Musk said. And as far range per charge, “expect true usable range of 300 miles”. Model Y prices will range from $39,000 for a base version due in 2021 to more than $60,000 for a performance-grade crossover. Tesla via Livestream. That range estimate appears to apply only to the $47,000 Long Range version of Model Y, while all-wheel-drive and performance versions will go 280 miles per charge and start at $51,000 and $60,000, respectively, based on a lineup chart Tesla showed at the event. A cheaper base version will start at $39,000 and offer 230 miles of range per charge, though it won’t arrive until early 2021, according to the chart. Although produced from the Model 3 platform, the roomier Model Y has 66 cubic feet of cabin space and will seat up to seven passengers, Musk said. While the pricing and specs are in line with details Musk tweeted earlier this month, he didn’t clarify where the vehicle will initially be built. During the company’s January 30 results call, he indicated that production at Tesla’s Nevada Gigafactory was likely, though more recently Tesla has said that decision isn’t final. Musk’s track record for delivering vehicles on time and at the price promised has been mixed, so getting Model Y to market in about 18 months will be yet another test for the company. The debut is a brief respite for the colorful billionaire who’s been contending with new legal issues arising from last year’s settlement with the SEC over tweets about privatizing Tesla and a sudden reversal of his plan to shut down all Tesla’s stores as the company shifts to an online-only sales system. If Tesla executes to plan and delivers the Model Y on time, it will significantly benefit a young company that’s yet to post a profitable year. That’s because SUVs account for 49% of U.S. auto sales currently, with more than half of people buying them spending between $30,000 and $50,000, according to J.D. Power. Up to now, having only the bigger Model X with a starting price of about $80,000 and typically selling for more than $90,000, Tesla couldn't compete for that broader customer base. “Model Y represents Tesla’s biggest opportunity yet,” said Karl Brauer, executive publisher and analyst at Kelley Blue Book and Autotrader. “It’s price and body style should resonate with the majority of today’s carbuyers. This also makes the Model Y the most important vehicle in Tesla’s history. Every aspect of the Model Y, from design to launch to production, has the potential to improve – or damage – Tesla’s reputation with mainstream consumers”. Still, Model Y will arrive at a time when, unlike with Roadster in 2009 and Model S sedan in 2012, there will be direct competitors in the battery-powered crossover segment. Those range from Hyundai’s new electric Kona hatchback, priced from $36,450, to VW’s ID. Crozz SUV (due in 2022), Jaguar’s $69,500 I-PACE, the $74,700 Audi e-tron and numerous others. New competing products “will undoubtedly increase consumer acceptance of pure electric vehicles and grow the overall electric vehicle market but pose a major threat to Tesla’s ability to both sustain its market share performance at the top end of the market and replicate it at lower price points,” J.D. Power said. But unlike those rival vehicles, by the time it arrives the new Tesla won’t qualify for U.S. tax credits that helped defray the higher expense of its electric vehicles for years. “Every other Tesla has some kind of unique ‘wow’ factor, but the Model Y is essentially just a beefier, taller Model 3," External link

forbesFriday, March 15, 2019 7:32:00 AM CET

Elon Musk told: "It has the functionality of an SUV, but it will ride like a sports car," External link

wacotribFriday, March 15, 2019 6:53:00 AM CET

Toni Sacconaghi said: “We remain concerned about the manufacturing timeline,” External link

marketwatchFriday, March 15, 2019 6:17:00 PM CET

Tesla Model said: "It starts with a Y, ends with a Y, and has Y in the middle," External link

techradarFriday, March 15, 2019 2:08:00 PM CET

Elon Musk said: “It has the functionality of an SUV, but it will ride like a sports car,” “So this thing will be really tight on corners” External link

thevergeFriday, March 15, 2019 6:16:00 AM CET

Jessica Caldwell said: "This is not a sports-car segment," External link

news-yahooFriday, March 15, 2019 7:44:00 AM CET

Karl Brauer said: “Model Y represents Tesla’s biggest opportunity yet,” External link

forbesFriday, March 15, 2019 7:32:00 AM CET

Elon Musk said: "Because of extreme challenges with the Model 3 production, we have to basically allocate all resources to Model 3 production, because otherwise we're going to die," External link

missoulianFriday, March 15, 2019 6:57:00 AM CET

Elon Musk said: “Twelve months from now we will have made about 1 million vehicles,” External link

channelnewsasiaFriday, March 15, 2019 6:24:00 AM CET

Elon Musk said: “I think we’ll probably do more Model Ys than S and X combined,” External link

irishtimesFriday, March 15, 2019 9:04:00 AM CET

Elon Musk said: "I think it will be the mid-sized SUV that you will want," "I think we'll probably do more Ys than S, X and 3s combined" External link

newatlasFriday, March 15, 2019 6:17:00 AM CET

Elon Musk said: “We expect to sell more Model Ys than Xs and 3s combined,” External link

inverseFriday, March 15, 2019 5:46:00 AM CET

Gene Munster said: “The Model Y represents the most compelling value in electric mid-sized SUVs,” External link

eastbaytimesFriday, March 15, 2019 9:15:00 PM CET

Elon Musk said: “It has the functionality of an S.U.V., but it will ride like a sports car,” “This thing will be really tight in corners. And we expect it will be the safest midsize S.U.V. in the world by far” External link

nytimesFriday, March 15, 2019 7:29:00 AM CET

Gene Munster wrote: “The biggest surprise was Model Y initial shipments will begin in the fall of 2020, a year later than we had anticipated. This timing likely implies the company is postponing the costly Model Y ramp in 2019 to conserve cash,” External link

wsauFriday, March 15, 2019 3:17:00 PM CET

Elon Musk said: "2018 felt like aging five years in one," External link

caucasusindetailFriday, March 15, 2019 3:16:00 PM CET

Jeffrey Osborne said: “We believe the event was more of a capital raising effort and branding exercise,” External link

oannFriday, March 15, 2019 6:55:00 PM CET

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Subtitles

  • ‘A potential game changer’: Analysts praise Model Y and Tesla’s plan to ‘bring sexy back’
  • The Tesla Model Y Is the All-Electric Brand&apos;s Entry into the Compact-Crossover Fray
  • Elon Musk unveils Tesla's Model Y — and it looks a lot like the Model 3
  • ...
  • Tesla Unveils 2nd Mass-Market EV: The Model Y
  • Top Story Tesla unveils Model Y SUV, expanding into popular segment
  • Tesla unveils all-electric SUV, expanding into popular segment

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