Tesla shares surge as Model 3 orders speed past estimates

[Norm dePlume]

This is a game changer. This vaults them into the major league.

Tesla shares surge as Model 3 orders speed past estimates

Shares of Tesla Motors Inc jumped 8 percent to their highest in six months on Friday after the electric car maker said orders for its new Model 3 sedan - its first car aimed at the mass market - had sped past 130,000 in the first 24 hours.

The Model 3, considered a make-or-break product for Tesla, was unveiled by Tesla Chief Executive Elon Musk on Thursday.

A survey by brokerage Evercore ISI ahead of the unveiling showed that investors had expected about 55,000 orders during the first 72 hours and 117,000 by the end of the year.

The sleek four-door car, which will travel 215 miles on a single charge, will go into production next year and be ready for deliveries in the United States in late 2017 at a starting price of $35,000.

[Frostbit]

This is a game changer. This vaults them into the major league. "The sleek four-door car, which will travel 215 miles on a single charge"

These cars really only fit a restricted application with their mileage limitations, weather limitation (cold weather battery drain), and the 40 minutes it takes to bring them to full charge at a charging station. As more and more show up in places like Newport Beach, CA what's going to happen when a line forms at a charging station? You think those folks with no patience or care for their fellow man are going to quietly wait an hour and twenty minutes for their turn if there are two cars ahead of them?

How much does a charge cost? What is the cost of the electricity when charging at home and how much fossil fuel does it take to produce that electricity in the average home without "alternative energy" sources?

Just curious.

[Djharkavy]

These cars really only fit a restricted application with their mileage limitations, weather limitation (cold weather battery drain), and the 40 minutes it takes to bring them to full charge at a charging station. As more and more show up in places like Newport Beach, CA what's going to happen when a line forms at a charging station? You think those folks with no patience or care for their fellow man are going to quietly wait an hour and twenty minutes for their turn if there are two cars ahead of them?

How much does a charge cost? What is the cost of the electricity when charging at home and how much fossil fuel does it take to produce that electricity in the average home without "alternative energy" sources?

Just curious.

200 miles on one charge would take me through the work week.

It wouldn't do for traveling long distances, art least not until the charging technology is faster and more ubiquitous. But it seems like a good commuter car.

Would definitely have to look at charging cost and efficiency if I were to use one, but there's a lot of energy reclamation available with electric and hybrid tech. Again, better for city/commuting than long distances.

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[Frostbit]

200 miles on one charge would take me through the work week.

It wouldn't do for traveling long distances, art least not until the charging technology is faster and more ubiquitous. But it seems like a good commuter car.

Would definitely have to look at charging cost and efficiency if I were to use one, but there's a lot of energy reclamation available with electric and hybrid tech. Again, better for city/commuting than long distances.

Sent from my phone, using Tapatalk.
All mistakes are caused by the phone.
That's my story and I'm sticking to it...

We looked at them while visiting Joyce's Brother in Newport Beach. Pretty slick rigs. I was probably out of line with my questions to the salesman since I live in the Artic and have no plan on ever getting an electric vehicle.

The other reality some folks aren't realizing is that from what I've read you should consider having a separate 100 amp service installed in your home for a dedicated charging platform. That will not be cheap either.

[william the wierd]

These cars really only fit a restricted application with their mileage limitations, weather limitation (cold weather battery drain), and the 40 minutes it takes to bring them to full charge at a charging station. As more and more show up in places like Newport Beach, CA what's going to happen when a line forms at a charging station? You think those folks with no patience or care for their fellow man are going to quietly wait an hour and twenty minutes for their turn if there are two cars ahead of them?

How much does a charge cost? What is the cost of the electricity when charging at home and how much fossil fuel does it take to produce that electricity in the average home without "alternative energy" sources?

Just curious.

The batteries igniting and water feeding the fire is a major problem but going toe to toe with GM and Toyota is a much bigger problem. Tesla will eclipse Delorean in car history.

[Gingersnap]

These mileage ranges are not useful for people who live in the intermountain West (aside from a couple of cities) but they will appeal to people who have short commutes.

The problem I see here is that electricity does not yet just magically appear in a useful format. It's generated by fossil fuels, coal, hydroelectric facilities, and nuclear power plants.

We are stupidly destroying our coal industry. We are trying hard to destroy fossil fuel production. We are not building nuclear power plants (well, we built one in the last 20 years). It unlikely that new hydroelectric facilities would get approval today. Neither wind nor solar energy production can meet current needs for on-demand power and there are some power quality problems that are difficult to solve.

Beyond that, the manufacture of electric car batteries is itself a problem since the process generates more pollution than conventional engine manufacturing. There is also the battery capacity issue. Range will decline over time - how much is not certain but both high and low temperatures will affect this. People living in hot, cold, or high places will have to figure this out on top of the known capacity loss inherent in the design.

[william the wierd]

Tesla, the crash and burn special. since the deposits are refundable right up until delivery a single lemon will be a billion dollar uncertainty.

[Norm dePlume]

Elon Musk is the closest thing to Hank Reardon you're ever going to see in real life and look who is clamoring for him to fail.

So much for capitalism.

[Frostbit]

look who is clamoring for him to fail.

Who?

[Billy Jingo]

My brother-in-law has a Tesla. It is a neat car. He drives it from Northwest Arkansas to Southwest Arkansas for family events like Christmas and Thanksgiving. Not sure what you guys are talking about with regards to range. I understand there will be no road trips to Canada from Texas and all but he appears to be able to function quite well with his.

And he does not live in a city. He lives in rural Arkansas.

[Norm dePlume]

Who?

William for one. Did you find out what a charge costs yet? I'm guessing it varies, since electricity rates vary.

[Billy Jingo]

William for one. Did you find out what a charge costs yet? I'm guessing it varies, since electricity rates vary.

Before or after you have amortized the cost of your solar cells?

[Norm dePlume]

Before or after you have amortized the cost of your solar cells?

Seventeen baby gorillas were mangled in obtaining the rare earth elements for my solar cells and I'm still trying to find a gorilla tears exchange rate.

[gary m]

I also don't see plug in electric vehicles as an alternative for apartment or other high density dwellers where chargers are not going to be readily available and many of the current chargers are rated indoor only.

Battery prices are coming down but are still in the multi-thousand dollar range and the cost of replacement motors and transmissions usually is not discussed much but I know that the manufacturing cost of a Ford HF45 (hybrid transaxle) is more than a similar 6FM six speed automatic.

[Norm dePlume]

I've often wondered why electric and hybrid vehicles don't put an electric motor on each wheel and do the traction control torque splitting electronically. That seems like it would be easier and cheaper and lighter than a complicated mechanical drive train.