Tesla delays Model X and stock jumps 5%

Tesla Motors on Wednesday announced that its Model X crossover utility vehicle would not be available until the second half of 2015. The model had previously been slated for a 2013 launch.

The Palo Alto, California-based company also reported a loss of $74.7 million in its third quarter. Tesla said it had a loss of $0.60 per share. Earnings, adjusted for stock option expense and non-recurring costs, were $0.02 per share.

The results topped Wall Street expectations. The average estimate of analysts surveyed by Zacks Investment Research was break even on a per-share basis. As a result, Tesla's stock price was up more than 5% in after-hours trading on Wednesday.

The electric car maker posted revenue of $851.8 million in the period, falling short of Street forecasts. Analysts expected $867.7 million, according to Zacks.

Tesla shares have risen 54% since the beginning of the year. In the final minutes of trading on Wednesday, shares hit $230.97, a rise of 31% in the last 12 months.

Model S Achieves Euro NCAP 5-Star Safety Rating [VIDEO]

The Tesla Model S has received a maximum-possible 5-star safety rating from the European New Car Assessment Programme (Euro NCAP).

Model S is one of just a few cars to have ever achieved a 5-star safety rating from both Euro NCAP and the U.S. National Highway Traffic Safety Administration (NHTSA). Additionally, Model S is the only car this year to have achieved both a 5-star Euro NCAP rating and 5 stars in every NHTSA subcategory, including frontal impact, side impact, and rollover. Only two other cars have earned the same recognition since 2011 (when NHTSA introduced its latest rating scheme).

The reason so few models achieve 5-star ratings in both Europe and the U.S. is that each program places emphasis on different safety aspects in the assessment process. NHTSA emphasizes structural and restraint safety, with a deep focus on how well the vehicle can withstand and absorb the energy of an impact while protecting its occupants. It is also primarily concerned with adult occupants. On the other hand, Euro NCAP assesses a wider range of scenarios, including tests for child and pedestrian safety. Unlike for NHTSA, active safety is also an important part of Euro NCAP’s 5-star requirement. Every year, the European organization raises the standard for a 5-star rating to account for technological advances in the industry.

The dual 5-star ratings for Model S validate our holistic approach to safety. We have been engineering passive and active safety systems in parallel, so the car is structurally sound and is also designed to intelligently anticipate and react to potentially dangerous situations.

Structurally, Model S has advantages not seen in conventional cars. It has a low center of gravity because its battery pack, the largest mass in the car, is positioned underneath the passenger compartment, making rollover extremely unlikely. It also has a large front crumple zone because of the lack of an engine, meaning it can absorb more energy from a frontal impact, the most common type of crash resulting in fatalities. Its body is reinforced with aluminum extrusions at strategic locations around the car, and the roof can withstand at least 4 g’s. It was for these reasons that Model S achieved 5 stars in every subcategory when tested by NHTSA in 2013.

This quarter, we started implementing the Model S active safety system in conjunction with the introduction of new Autopilot hardware, consisting of 12 ultrasonic sensors that sense up to 16 feet around the car, a forward-looking camera, a forward radar, and a digitally controlled, high-precision electric brake boost. We specifically selected this hardware to accommodate the progressive introduction of new safety features via software updates over the course of the next several months.

While the features already pushed to the Model S fleet – Lane Departure Warning and Speed Limit Warning – have proven sufficient to merit a 5-star NCAP rating, we will go much further with active safety systems. Features coming soon include Forward and Side Collision Warning and Avoidance, Blind Spot Warning, and Automatic Emergency Braking.

The video shows the Frontal Impact test which takes place at 64 Km/h, 40% of the width of the car striking a deformable barrier. In the side impact, a mobile deformable barrier impacts the driver's door at 50 km/h. In the pole test, the car tested is propelled sideways at 29km/h into a rigid pole.

Tesla Unveil AWD Model S with 700 hp AND improved efficiency [VIDEO]

At a launch event held at Hawthorne Airport in California, Tesla Motors founder and CEO Elon Musk showcased details of improvements to the Model S range. While some early predictions of a Model 3 launch were wide of the mark, the much predicted AWD version of the Model S was correct.

The ‘D’ stands for ‘dual’ motor, which has been achieved by mounting a second electric motor on the front axle. The technology will be available on the entry-level 60 kWh and standard 85 kWh cars as well as the top of the line P85.

This not only transforms the Model S into the fastest four-door production car in the world with a 0-100 km/h time of 3.2 seconds but also improves the vehicles energy efficiency. Maximim power for a P85+ with AWD (now renamed P85D) is 690 hp (508 Kw) with a peak torque of 930 Nm. Weight has increased to 2,238 kg but vehicle range is increased by 10 miles. Total range for the P85D is now 275 miles, with the 85D and 60D boasting 295 miles and 225 miles respectively.

With the addition of a second motor on the front axle the power split between the two motors is 221 hp at the front and and 470 hp at the rear (Tesla has tuned the existing unit, up from 416 hp). Cornering grip is also significantly higher than in the standard car, with a reported 1G of lateral acceleration achievable.

The AWD car’s performance improvements aren’t limited to raw pace. The extra motor allows the Model S to increase levels of regenerative braking, but the main benefit of having the two power units is improving efficiency at any given speed. Electric motors tend to reach maximum energy efficiency at close to full rated load. With the Tesla's rear drive motor being twice as powerful as any other EV on the market, at light loads it is not operating efficiency.

By plugging in a much smaller 163 kw / 300 Nm motor into the front axle, which is closer to the size of motor in the BMW i3, Tesla engineers can calibrate the powertrain to run the front motor closer to full rated load when the vehicle is driven at moderate speeds. As the Model S is limited to 60 Kw maximum brake regeneration, increasing brake bias towards the smaller front motor should also moderately increase brake regen energy efficiency.

Elon Musk mentioned the AWD powertrain will have torque vectoring but we expect this will be a friction brake controlled system much like in the Mitsubishi Outlander PHEV. Both vehicle use only 2 motors that drive the wheels via mechanical differentials so there is no way to control torque at each wheel individually via the motors.

These new digital AWD systems vastly improvement torque split front to rear compared to old inefficient analogue All-Wheel-Drive systems where front and rear axles are connected via a drive shaft, but they aren't quite there yet with side to side torque control.

First deliveries of the $120,170 Model S P85D are scheduled before the end of this year, with 85D and 60D variants arriving in February.

Tesla to unveil Model 3 and Model S Dual Drive Oct. 9: report

Tesla Motors will unveil its Model 3, the mass-market car, and new versions of the Model S sedan at the event Oct. 9, analyst Trip Chowdhry with Global Equities Research said in a note Friday.

It is no coincidence the event is to take place in the Los Angeles area rather the San Francisco Bay Area, where the electric-car maker is headquartered: Tesla's top designer "spends almost 90% of this time in the LA Design Center," Chowdhry said.

Tesla earlier Friday said the event was scheduled for 7 p.m. at the Hawthorne airport. By showing a Model 3 prototype Tesla is also hoping to garner more attention from potential "gigafactory" investors, he added.

The new Model S versions would have all-wheel drive and semi-autonomous driver-assistance system.

Tesla expect another ‘Significant’ Toyota deal by 2017

During a recent trip to Japan, Tesla CEO Elon Musk says his company and Toyota could team on another “significant” joint project in two or three years, and at higher volumes than the soon-to-end RAV4 program.

Musk’s comments came just four months after Tesla Motors Inc. announced that the agreement to supply battery packs for the electric Toyota crossover would finish this year with sales around 2,500.

Musk said there were no concrete plans for a new vehicle with Toyota but dangled the possibility of a bigger project soon.

“I think that if you look out maybe two or three years from now, that I would not be surprised if there is a significant deal with Toyota,” Musk said today at a ceremony to deliver the first Tesla Model S sedans to customers in Japan.

“My best guess is that it would probably be something significant, maybe on a much higher volume level,” he said.

Toyota Motor Corp., which owns 2.4 percent of Tesla, said in May 2012 it envisioned building around 2,500 RAV4 EVs over three years. When the partners announced in May that the program would wrap this year, they were noncommittal about future projects.

The Japanese and American companies have since sparred over alternative visions for tomorrow’s alternative drivetrains.

Toyota has channeled its focus into hydrogen fuel cells, while dismissing EVs as impractical and impossibly short-ranged. Meanwhile, Tesla has beat the drum for batteries, while deriding cars powered by hydrogen stacks as “fool cells.”

Toyota spokesman Dion Corbett said the world’s biggest carmaker had “nothing to say” in response to Musk’s latest overture.

Toyota sold 2,130 RAV4 EVs through August. The company expects to sell the rest of the planned 2,500 by year’s end.

After those are delivered, Toyota will have neither a single EV nameplate in its lineup nor public plans to add one.

Musk was not expected to meet with Toyota officials during his visit to Japan. While in Tokyo, he handed over the keys to nine new Model S sedans on the 52nd-floor observatory of Roppongi Hills Mori Tower, one of the tallest buildings in town.

“We love working with Toyota,” he said. “We have a huge amount of respect for them as a company and certainly much to learn.”