electric cars – Old GigaOm

Elon Musk: Tesla can make a few million cars a year by 2025

on January 13, 2015

Electric car company Tesla’s stated long-term goal has been to make 500,000 electric cars a year by 2020, but on Tuesday at the Detroit Auto Show, Tesla CEO Elon Musk raised the bar even higher. He said in an onstage Q&A, (live blogged by the Verge), that he thinks Tesla can make a few millions cars a year by 2025.

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“We’re going to keep driving our volume as high as we can because our goal is fundamentally to transition the world to electric cars.”[/blockquote]

Elon Musk, CEO of Tesla, unveils the dual engine chassis of the new Tesla ‘D’ model at the Hawthorne Airport October 09, 2014 in Hawthorne, California. (Photo by Kevork Djansezian/Getty Images)

In [company]Tesla[/company]’s most recent earnings, the company was estimating that it would ship about 33,000 vehicles in 2014, and that’s with selling the Model S only. Tesla’s Model X goes on sale later this year, and down the road its third car, the Model 3, will launch as well.

Musk told the interviewer that by 2020, with the Model 3 on the market and with 500,000 cars sold, it will be a safe bet that Tesla will start turning a profit. Musk said to make the Model 3 work, economically, Tesla has to make everything with the car cost about half as much.

Revolving door for Tesla’s head of China

on December 12, 2014

Tesla’s President of China, Veronica Wu, has resigned after less than 9 months on the job, according to a report in Bloomberg. Wu joined the electric car company in March, after the previous President of China, Kingston Chang, left the company last December. While China is the largest car market in the world and could have huge potential for Tesla, the country is also notoriously difficult to enter. A Tesla exec tells Bloomberg the company remains confident in the Chinese market.

There’s an opportunity for tech in the EPA’s proposed smog rule

on November 26, 2014

The U.S. Environmental Protection Agency wants to tighten the rule for regulating ground-level ozone, or smog, a move that regulators hope will spark new technology development to reduce emissions.

Here’s what electric cars need to succeed: roaming for charging stations

on August 23, 2014

I love my electric car — but finding and paying for public charging stations could be a lot easier.

Volkswagen and Bosch are working on automated park-and-charge systems for electric cars

on July 31, 2014

The EU-funded V-Charge consortium is fine-tuning a system — already successfully demonstrated at a German airport — for taking over autonomous electric vehicles and parking them very accurately, leaving them charging and ready to be summoned by the user’s app.

Tesla hovering around $200 per share this week

on February 12, 2014

It seemed like only yesterday when electric car company Tesla Motors (s TSLA) hit $100 per share (well, a year ago). Now Tesla has bumped up over $200 per share this week, and is hovering around $196 in recent trading. Tesla will announce its latest earnings next week.

In the wake of fires, Tesla releases suspension software, while watchdog starts probe

on November 19, 2013

Tesla says it’s taking a few actions, following the three accident-related fires for its cars, including increasing clearance on highways through air suspension and tweaking car warranties. Meanwhile the government watchdog has opened an investigation.

Tag: electric cars