Kerching: Tesla Model 3 pre-orders are now worth $14bn April 7, 2016 People are seriously loving Tesla's newest car. Just a week after the Model 3 was revealed, pre-orders worth $14bn (£9.9bn) have flooded in from eager car fans. That's an impressive 325,000 vehicles – roughly the equivalent of around 32 orders every single minute for the $35,000 electric car. Read more: Here's what you need to know about the Tesla Model [...]
The UK’s car buyers might be beginning to forgive Volkswagen April 6, 2016 Forget this month's Tesla mania. It seems the UK's car buyers finally forgiving and forgetting: after a tough(ish) few months for the marque in the UK, in March sales inched up – but only by a tiny bit. The figures, from the Society of Motor Manufacturers and Traders (SMMT), suggested the brand sold 38,394 vehicles in March, 0.02 [...]
The Tesla Model 3 attracts 276,000 pre-orders in three days, reveals Elon Musk April 3, 2016 Pre-orders of the Tesla Model 3 currently total 276,000, according to the firm's founder and chief executive. Elon Musk unveiled Tesla's “car of the people” on Thursday and has been keeping his Twitter followers up-to-date on its progress. Read more: The Tesla Model 3 has arrived: Here's what you need to know In his latest update, [...]
The Tesla Model 3 has finally been unveiled: Here’s what Elon Musk has told us so far April 1, 2016 After the kind of hype (not to mention queues outside stores) only Apple tends to create, it's finally here: in the wee hours of this morning, Elon Musk unveiled Tesla's "car of the people" – the Model 3. Musk said the car is the "next logical step" of Tesla's "secret master plan" to make the [...]
Elon Musk to unveil new Tesla: Here’s everything you need to know about the Model 3 March 31, 2016 Tesla may be among the coolest marques around at the moment, but with a Model S priced at just shy of £50,000, for the majority of petrol (er, lithium?) heads, the brand has been pretty out of reach thus far. But that's all about to change, with the launch of the Model 3, set to take place [...]
General Motors given the go-ahead to acquire driverless car startup Cruise Automation March 28, 2016 The Federal Trade Commission has green-lighted General Motors' purchase of Cruise Automation, a Silicon Valley startup that makes the technology behind self-driving cars. The FTC and Justice Department has granted the transaction "early termination", or quick antitrust approval. The acquisition of Cruise Automaton – which has only 40 employees – has been reported to be worth over $1bn in [...]
Hyperloop is coming to Europe as Slovakia plans to reduce travel from Bratislava to Vienna and Budapest to less than 10 minutes March 10, 2016 The most exciting transport innovation in the world right now – Elon Musk's ambitious Hyperloop – is coming to Europe and could create the fastest ever cross-border travel. A Hyperloop company has inked a deal with the government of Slovakia to explore bringing the super-fast transport to this side of the pond, potentially connecting Bratislava with Vienna in Austria and Budapest in Hungary [...]
Tesla is the latest car maker to tap the kid market with a scale model version of its electronic sedan February 16, 2016 What do you buy for the child who has everything? A kids' size version of the Tesla Model S built to scale of course. For the pocket-money price of £346, the Tesla Model S for Kids has working headlights, a sound system and a rechargeable battery. Available from May, the electric sedan drives at a [...]
Human drivers will be obsolete by 2050 as driverless technology takes over, say researchers Moshe Vardi and Bart Selman February 14, 2016 Cars driven by humans will become obsolete with the rise of driverless car technology, leading researchers have predicted, and it could happen as soon as 2050. "You cannot ride a horse in downtown Houston anymore. If you like horse riding, you have to go to horse ranches. The same is likely to happen with cars," said Moshe Vardi, [...]
Tesla shares jump on increased revenue as losses widen February 10, 2016 Tesla Motors reported revenue of $1.2bn (£825m) for the three months to 31 December 2015, up from $956m in the same period of 2014. The electric car company's results fell short of analysts' expectations of $1.85bn in revenue. Meanwhile, losses for the quarter widened to $320m from $108m. Shares in the company were up by over four [...]