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  • Tesla is, without much opposition, the auto industry's biggest disruptor. Elon Musk and his crew consistently find ways to poke at the rest of the car biz, and with the Model 3's reign imminent, some believe that it's now in for the long-haul. While the hype behind the heavy-volume EV has already made a difference in the way other automakers think, Social Capital founder Chamath Palihapitiya feels that Tesla and the Model 3 will soon dominate the market.And not just the EV category, the midsize car segment as a whole. According to the exec, consumers are completely missing the significance of silicon-valley darling."People are fundamentally misunderstanding the demand of the Model 3," he said in an interview with CNBC's Fast Money Halftime Report.He went onto add that the BMW 3-Series, a direct competitor to the Model 3, will soon become defunct. Palihapitiya mentioned that the customer-centric ideology behind the Tesla and the system behind it will become the ma..

    Tesla Model 3 Will Bring BMW 3 Series Sales ‘to Zero,’ Investor Says

    Tesla is, without much opposition, the auto industry's biggest disruptor. Elon Musk and his crew consistently find ways to poke at the rest of the car biz, and with the Model 3's reign imminent, some believe that it's now in for the long-haul. While the hype behind the heavy-volume EV has already made a difference in the way other automakers think, Social Capital founder Chamath Palihapitiya feels that Tesla and the Model 3 will soon dominate the market.And not just the EV category, the midsize car segment as a whole. According to the exec, consumers are completely missing the significance of silicon-valley darling."People are fundamentally misunderstanding the demand of the Model 3," he said in an interview with CNBC's Fast Money Halftime Report.He went onto add that the BMW 3-Series, a direct competitor to the Model 3, will soon become defunct. Palihapitiya mentioned that the customer-centric ideology behind the Tesla and the system behind it will become the ma..
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  • Autonomous driving takes a lot of horsepower to work. We're not talking about actual horsepower that the car outs out, but rather about the computing power required to make hundreds of thousands of decisions each and every second to determine how the car should react to any given scenario. According to CNBC, Tesla has joined forces with Advanced Micro Devices, better known as AMD, to develop its own custom silicon to power its self-driving cars.Tesla, like Volvo and many other manufacturers, has historically worked with Nvidia to produce the hardware needed for its autopilot devices. Its presence in the market speaks the feeling of solidarity that manufacturers have regarding the trustworthiness of the tech giant's product being the heart of their self-driving supercomputers. Just last month, it was discovered that Tesla has been quietly upgrading its Autopilot 2 (AP2) hardware to a newer revision over fears that it wasn't powerful enough to handle the requirements for..

    Tesla May Be in Talks With AMD to Develop New A.I. Hardware Platform

    Autonomous driving takes a lot of horsepower to work. We're not talking about actual horsepower that the car outs out, but rather about the computing power required to make hundreds of thousands of decisions each and every second to determine how the car should react to any given scenario. According to CNBC, Tesla has joined forces with Advanced Micro Devices, better known as AMD, to develop its own custom silicon to power its self-driving cars.Tesla, like Volvo and many other manufacturers, has historically worked with Nvidia to produce the hardware needed for its autopilot devices. Its presence in the market speaks the feeling of solidarity that manufacturers have regarding the trustworthiness of the tech giant's product being the heart of their self-driving supercomputers. Just last month, it was discovered that Tesla has been quietly upgrading its Autopilot 2 (AP2) hardware to a newer revision over fears that it wasn't powerful enough to handle the requirements for..
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  • Porsche's all-electric Mission E will be arriving state-side in 2019, and it's planning on looking good while doing it. The futuristic sedan will mark the first iteration of what the auto manufacturer is planning to make its focus over the next six years. The EV, which is priced very competitively with the new Tesla Model S, may help to give Porsche an edge in the electric car market.Part two of Tesla CEO Elon Musk's three-part master plan was to build a luxury car, birthing the Model S. Despite being plagued with quality control issues, the Model S was still rapidly adopted by consumers who were eager to buy into the Tesla brand. Some wanted it for its limited environmental impact, others wanted it for the style, and a select few craved the raw, instant power behind the P100D. Whatever reason, this was a key driving force behind the thriving electric car movement that's well under way.Porsche understood that in order to stay competitive in some countries, it wo..

    Porsche Mission E May Upset Tesla Model S Sales

    Porsche's all-electric Mission E will be arriving state-side in 2019, and it's planning on looking good while doing it. The futuristic sedan will mark the first iteration of what the auto manufacturer is planning to make its focus over the next six years. The EV, which is priced very competitively with the new Tesla Model S, may help to give Porsche an edge in the electric car market.Part two of Tesla CEO Elon Musk's three-part master plan was to build a luxury car, birthing the Model S. Despite being plagued with quality control issues, the Model S was still rapidly adopted by consumers who were eager to buy into the Tesla brand. Some wanted it for its limited environmental impact, others wanted it for the style, and a select few craved the raw, instant power behind the P100D. Whatever reason, this was a key driving force behind the thriving electric car movement that's well under way.Porsche understood that in order to stay competitive in some countries, it wo..
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  • Tesla Inc. is working with Advanced Micro Devices Inc. to develop its own artificial intelligence chip for self-driving cars, CNBC reported on Wednesday, citing a source familiar with the matter. AMD spin-off GlobalFoundries Inc. CEO Sanjay Jha said the company is working directly with Tesla, according to the CNBC report. GlobalFoundries, which fabricates chips, has a wafer supply agreement in place with AMD. Tesla isn't completely going it alone in chip development, according to the source, and will build on top of AMD intellectual property, CNBC reported. More than 50 people are working on the project under Jim Keller, a longtime chip architect and the head of Autopilot hardware and software of Tesla, according to the report Tesla, AMD, and GlobalFoundries did not immediately respond to requests for comment.

    Tesla, AMD partner to develop chip for autonomous cars

    Tesla Inc. is working with Advanced Micro Devices Inc. to develop its own artificial intelligence chip for self-driving cars, CNBC reported on Wednesday, citing a source familiar with the matter. AMD spin-off GlobalFoundries Inc. CEO Sanjay Jha said the company is working directly with Tesla, according to the CNBC report. GlobalFoundries, which fabricates chips, has a wafer supply agreement in place with AMD. Tesla isn't completely going it alone in chip development, according to the source, and will build on top of AMD intellectual property, CNBC reported. More than 50 people are working on the project under Jim Keller, a longtime chip architect and the head of Autopilot hardware and software of Tesla, according to the report Tesla, AMD, and GlobalFoundries did not immediately respond to requests for comment.
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  • A former Tesla factory worker filed a lawsuit alleging the company fired him a day before his one-year anniversary, denying him hundreds of thousands of dollars worth of stock options that he claims should have vested.

    Tesla worker claims timing of firing denied him lucrative shares

    A former Tesla factory worker filed a lawsuit alleging the company fired him a day before his one-year anniversary, denying him hundreds of thousands of dollars worth of stock options that he claims should have vested.
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  • Tesla’s stock price has famously been going gangbusters, but at least one Wall Street analyst thinks its party will be over soon. According to CNBC, the most recent speculation comes from Jefferies analyst Philippe Houchois, who encouraged his clients to dump their Tesla shares within the next year."It is with a bit of a heavy heart that we initiate coverage of Tesla at underperform," Houchois wrote in a research note. "Achievements to date and vision are impressive, but we don't think Tesla's vertically integrated business model can be scaled up as profitably and quickly as consensus thinks and valuation multiples imply," he wrote.To put it simply, Houchois believes that Tesla shares are overvalued and that the market is going to fix that. Specifically, Houchois expects Tesla's stock will decline by 27 percent to $280 per share in 12 months."We appreciate the growth upside from a brand whose reach goes well beyond auto markets and that valuing Tesla today assumes so..

    Tesla’s Stock Will Plunge 27 Percent Within the Next Year, Analyst Says

    Tesla’s stock price has famously been going gangbusters, but at least one Wall Street analyst thinks its party will be over soon. According to CNBC, the most recent speculation comes from Jefferies analyst Philippe Houchois, who encouraged his clients to dump their Tesla shares within the next year."It is with a bit of a heavy heart that we initiate coverage of Tesla at underperform," Houchois wrote in a research note. "Achievements to date and vision are impressive, but we don't think Tesla's vertically integrated business model can be scaled up as profitably and quickly as consensus thinks and valuation multiples imply," he wrote.To put it simply, Houchois believes that Tesla shares are overvalued and that the market is going to fix that. Specifically, Houchois expects Tesla's stock will decline by 27 percent to $280 per share in 12 months."We appreciate the growth upside from a brand whose reach goes well beyond auto markets and that valuing Tesla today assumes so..
    Read More
  • Tesla’s stock price has famously been going gangbusters, but at least one Wall Street analyst thinks its party will be over soon. According to CNBC, the most recent speculation comes from Jefferies analyst Philippe Houchois, who encouraged his clients to dump their Tesla shares within the next year."It is with a bit of a heavy heart that we initiate coverage of Tesla at underperform," Houchois wrote in a research note. "Achievements to date and vision are impressive, but we don't think Tesla's vertically integrated business model can be scaled up as profitably and quickly as consensus thinks and valuation multiples imply," he wrote.To put it simply, Houchois believes that Tesla shares are overvalued and that the market is going to fix that. Specifically, Houchois expects Tesla's stock will decline by 27 percent to $280 per share in 12 months."We appreciate the growth upside from a brand whose reach goes well beyond auto markets and that valuing Tesla today assumes so..

    Tesla’s Stock Will Plunge 27% Within the Next Year, Analyst Says

    Tesla’s stock price has famously been going gangbusters, but at least one Wall Street analyst thinks its party will be over soon. According to CNBC, the most recent speculation comes from Jefferies analyst Philippe Houchois, who encouraged his clients to dump their Tesla shares within the next year."It is with a bit of a heavy heart that we initiate coverage of Tesla at underperform," Houchois wrote in a research note. "Achievements to date and vision are impressive, but we don't think Tesla's vertically integrated business model can be scaled up as profitably and quickly as consensus thinks and valuation multiples imply," he wrote.To put it simply, Houchois believes that Tesla shares are overvalued and that the market is going to fix that. Specifically, Houchois expects Tesla's stock will decline by 27 percent to $280 per share in 12 months."We appreciate the growth upside from a brand whose reach goes well beyond auto markets and that valuing Tesla today assumes so..
    Read More
  • Electric cars are becoming more prevalent in every day life, so would it be that uncommon for hobbyists to begin tinkering with their new automotive toys? One particular Canadian company has already started, gutting the contents of a Tesla Model S P85 and stuffing it into a kit car - and it's beyond quick.We've seen fast Teslas before, and even classic electric retrofits - but this is a new kind of fast that we weren't expecting. EV Controls drove their 818 kit car out to Luskville Dragway in Quebec, Canada to have some fun. After putting more than 5,000 kilometers (about 3,100 miles) on the car over the summer without problems, they decided it was time to see what the car could do at the strip. Coupled with the drivetrain of Tesla's Model S P85 and two battery packs from a Chevy Volt, the car was able to blaze down the track at some impressive speeds.When we say that this car is quick, we mean that it's properly quick—enough to put a scare on most opponents ..

    Watch a Tesla-Powered Kit Car Run a 9-Second Quarter Mile

    Electric cars are becoming more prevalent in every day life, so would it be that uncommon for hobbyists to begin tinkering with their new automotive toys? One particular Canadian company has already started, gutting the contents of a Tesla Model S P85 and stuffing it into a kit car - and it's beyond quick.We've seen fast Teslas before, and even classic electric retrofits - but this is a new kind of fast that we weren't expecting. EV Controls drove their 818 kit car out to Luskville Dragway in Quebec, Canada to have some fun. After putting more than 5,000 kilometers (about 3,100 miles) on the car over the summer without problems, they decided it was time to see what the car could do at the strip. Coupled with the drivetrain of Tesla's Model S P85 and two battery packs from a Chevy Volt, the car was able to blaze down the track at some impressive speeds.When we say that this car is quick, we mean that it's properly quick—enough to put a scare on most opponents ..
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  • Tesla may have given up on its ultra-fast charging, but it doesn't seem like it's axed the possibility of swapping out batteries for a fresh charge. In a new patent filed by the automaker, it details a new device that would allow for cars to have battery packs swapped out in as little as 15 minutes.One of the biggest drawbacks for electric car drivers is the time it takes to charge their vehicles. Whether it's overnight Level 1 charging at home, slightly faster Level 2 destination chargers in cities or full-speed Level 3 Supercharging alongside major highways, it can still take upward of an hour for even the quickest charge. Tesla has since attempted to bulk up its Supercharging network quite a few times in order to support the increased demand for electric charging, yet complaints continue to roll in that chargers are congested, or even that people are using them as parking spaces.Tesla has considered a battery-swapping service in the past, but there were no updates ..

    Tesla Files Patent for 15-Minute Battery Swapper

    Tesla may have given up on its ultra-fast charging, but it doesn't seem like it's axed the possibility of swapping out batteries for a fresh charge. In a new patent filed by the automaker, it details a new device that would allow for cars to have battery packs swapped out in as little as 15 minutes.One of the biggest drawbacks for electric car drivers is the time it takes to charge their vehicles. Whether it's overnight Level 1 charging at home, slightly faster Level 2 destination chargers in cities or full-speed Level 3 Supercharging alongside major highways, it can still take upward of an hour for even the quickest charge. Tesla has since attempted to bulk up its Supercharging network quite a few times in order to support the increased demand for electric charging, yet complaints continue to roll in that chargers are congested, or even that people are using them as parking spaces.Tesla has considered a battery-swapping service in the past, but there were no updates ..
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  • Despite ambitious plans for electric cars, Volkswagen is taking a conservative approach to electric commercial vehicles, one executive has gone on record saying. While companies like Daimler and Tesla are launching electric commercial trucks, Volkswagen is a "second mover" in this segment, said VW commercial-vehicle boss Andreas Renschler in an interview with German newspaper Tagesspiegel (via Reuters)."Tesla has some important and good impulses in the industry," Renschler said. But he also said Volkswagen "would rather check a couple of times more whether the standards are right."Renschler said that VW "had emissions-free alternatives to to conventional trucks and buses on offer," according to Reuters. At the 2016 IAA Commercial Vehicles show, Volkswagen unveiled an electric version of its Crafter commercial van and discussed plans for sales in Europe. However, other German manufacturers are taking a more aggressive approach to electric commercial vehicles than VW. Daimler recently..

    VW Is Happy to Let Tesla, Daimler Take the Lead on Self-Driving Trucks

    Despite ambitious plans for electric cars, Volkswagen is taking a conservative approach to electric commercial vehicles, one executive has gone on record saying. While companies like Daimler and Tesla are launching electric commercial trucks, Volkswagen is a "second mover" in this segment, said VW commercial-vehicle boss Andreas Renschler in an interview with German newspaper Tagesspiegel (via Reuters)."Tesla has some important and good impulses in the industry," Renschler said. But he also said Volkswagen "would rather check a couple of times more whether the standards are right."Renschler said that VW "had emissions-free alternatives to to conventional trucks and buses on offer," according to Reuters. At the 2016 IAA Commercial Vehicles show, Volkswagen unveiled an electric version of its Crafter commercial van and discussed plans for sales in Europe. However, other German manufacturers are taking a more aggressive approach to electric commercial vehicles than VW. Daimler recently..
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