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Tesla Issues Voluntary Recall of 53,000 Model S, Model X

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    • By Michael Krewson
      Tesla has finally introduced fold-flat seats in Model X with the 7-seat configuration, joining the 5-seat option as the other configuration designed to maximize interior cargo space.
      The new fold-flat seat design replaces Model X’s “floating” second-row monopost base with a more traditional sliding frame mount. Tesla’s gorgeous monopost design allowed each seat to adjust individually while also providing ample under-seat storage. But despite the advanced design, Model X received criticism by owners over its lack of fold-flat second-row seats. Because of this, Model X had arguably less useable cargo space relative to the Model S trunk when back seats were folded down.
      Hello guest! Please register or sign in (it's free) to view the hidden content. Model X offers three types of seating configuration


      Joining Model X’s fold-flat second-row design, previously only available in the five seat interior option, is the redesigned seven seat option available as a $3,000 upgrade. A six seat interior is also available on the Model X which foregoes the center seat in the second-row for either open space or an optional center console.
      “Maximize passenger and cargo capacity with seating for seven adults. Second and third row seats can fold flat when not in use, creating extra interior cargo space.” reads the description for Tesla’s optional seven seat interior for Model X.

      Hello guest! Please register or sign in (it's free) to view the hidden content. Hello guest! Please register or sign in (it's free) to view the hidden content. Hello guest! Please register or sign in (it's free) to view the hidden content. Hello guest! Please register or sign in (it's free) to view the hidden content. Hello guest! Please register or sign in (it's free) to view the hidden content. Hello guest! Please register or sign in (it's free) to view the hidden content. New photos published by Tesla show the expansive cargo capacity of the Model X with the split 60-40 seats individually folded down while still serving as a seating option in the second-row. With the second and third-row folded completely flat, Model X has an unprecedented 88.0 cubic feet of interior cargo space, besting the 58.1 cubic feet of cargo space found on its sibling Model S premium sedan.
      Here’s how Tesla’s Model X cargo space compares with other luxury SUVs within its class.
      Tesla Model X – 88.0 ft³ 2017 Volvo CX90 – 85.7 ft³ 2017 Audi Q7 – 71.6 ft³ 2017 BMW X5 – 66.0 ft³ 2017 Volkswagen Touareg – 64.0 ft³ 2017 Porsche Cayenne – 62.9 ft³ In addition to the new fold-flat seat design for the seven seat interior, Model X was recently named the safest SUV ever after being awarded a perfect 5-star rating by the NHTSA. According to Tesla, people inside a Model X have a 93% chance of walking away from an accident without serious injury. Model X’s safety rating is the second highest on record, behind only the Tesla Model S.

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    • By Michael Krewson
      Tesla has confirmed that it is now in talks with the Shanghai municipal government to build a Gigafactory and manufacture cars in the city’s tech sector, according to
      Hello guest! Please register or sign in (it's free) to view the hidden content. . “While we expect most of our production to remain in the U.S., we need to establish local factories to ensure affordability for the markets they serve,” Tesla said in a statement.

      Hello guest! Please register or sign in (it's free) to view the hidden content.  [Photo credit: Tesla]
      Chinese regulations require Tesla to enter into a joint venture with a local company to manufacture vehicles in the country. While Tesla hasn’t announced a partner yet, all eyes are on Tencent Holdings, the Chinese internet company that holds a 5% stake in Musk’s company.
      The EV company has not said which vehicles it plans to produce in China if and when the deal goes through, but the Reuters report cites a supplier source who says the company is considering Model 3 and Model Y production there.
      The company plans to release more finalized plans by the end of 2017.
      Tesla has previously shared that it is looking to build vehicles and batteries in China which would allow the company to avoid a 25% tariff on vehicles it sold in the country. Last year, Tesla’s sales in China tripled to over $1 billion, or roughly 1/7th of its total sales.
      The company currently builds all of its vehicles in its Fremont factory in northern California and ships them worldwide, though the other half of its supply chain is firmly rooted in batteries. Tesla produces its newest 2170 lithium ion battery cells – the same cells being used in Tesla’s Model 3 – exclusively at Gigafactory 1 in Sparks, Nevada.
      Tesla shares popped 1.5% at the news of the talks, leading to $382 in midday trading.
       
    • By Michael Krewson
      Assistant Attorney General Rock Wood, who represented the legislators, told Judge Ellen Carmody Thursday that courts generally only lift the veil of internal communications for criminal cases and for civil cases involving voting rights and redistricting, as reported by the Detroit Free Press.
      “There would be no reason to make an exception for the Tesla lawsuit,” Wood said.
      Wood went on to say that if Carmody allows access to lawmakers’ records in such a case, there will be a raft of lawsuits aimed at harassing and intimidating lawmakers to the extent that “legislators are spending all their time on this, and can’t legislate,” Wood said.
      Tesla attorney John Bursch, a former state solicitor general, said there’s no privilege for communications between lawmakers and third parties, such as lobbyists.
      And because the case is about potential economic discrimination that harms consumers and violates the commerce clause of the U.S. Constitution, communications among lawmakers and between lawmakers and their staff members are also subject to subpoena, Bursch
      Hello guest! Please register or sign in (it's free) to view the hidden content. .
      The electric automaker had subpoenaed records from Governor Rick Snyder, Senator Joe Hune and Representative Jason Sheppard and others in its federal lawsuit against Snyder.
      Tesla especially zeroed in on Senator Hune, who has
      Hello guest! Please register or sign in (it's free) to view the hidden content. from the Michigan Automobile Dealers Association. According to the Hello guest! Please register or sign in (it's free) to view the hidden content. , Tesla attorney John Bursch said in court Thursday that Hune was subpoenaed because he introduced the last minute amendment that effectively created the Anti-Tesla law and that his wife, Marcia, “works for the auto dealers” as a registered lobbyist employed by a firm that has the Auto Dealers of Michigan as a client. The Hunes had not responded to Detroit Free Press’s request for comment and Sheppard declined a comment through a spokeswoman.
      The subpoena also included Representative Sheppard, who wasn’t in office at the time. His inclusion comes from his statement to a Tesla representative that Michigan auto dealers and manufacturers don’t want Tesla in Michigan, “so you’re not going to be here,” as 
      Hello guest! Please register or sign in (it's free) to view the hidden content. . The subpoena hearing stems from a lawsuit against Snyder, Michigan’s Secretary of State Ruth Johnson and state Attorney General Bill Schuette over a 2014 state law that has colloquially become known as the Anti-Tesla bill. The law bans automakers from selling vehicles directly to consumers, which is Tesla’s sales model.
      Tesla’s complaint outlines that the law’s purpose is “to
      Hello guest! Please register or sign in (it's free) to view the hidden content. by handing them a monopoly,” as we previously reported. Tesla is seeking two things from the lawsuit: a declaratory judgment that Michigan’s ban on direct-sales violates the Due Process, Equal Protection, and Commerce Clauses of the Constitution as applied to Tesla and a permanent injunction preventing state officials from enforcing the law, including the October 2014 amendment.
      The post
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    • By Michael Krewson
      This story was originally published on Hello guest! Please register or sign in (it's free) to view the hidden content. .
      Renowned mutual fund manager and investment icon Ron Baron of Baron Capital is well-known for his conservative, long-term approach to stock picking. He’s been compared to Warren Buffett (both for his investing style and outstanding track record) and has 
      Hello guest! Please register or sign in (it's free) to view the hidden content. that Tesla “may be the most interesting” company he’s ever invested in over his 46 year career. Yesterday,
      Hello guest! Please register or sign in (it's free) to view the hidden content. interviewed Baron for his views on Tesla [NASDAQ: TSLA]. What is his forecast for the stock? “I think it is going to be about $500 to $600 next year, and I think it is going to be $1,000 in 2020.” At that time, Baron said, he expects the company to have $70 billion in revenue and to be earning $10 billion in operating profits. By 2020, Tesla says it expects to be selling one million cars per year.
      Hello guest! Please register or sign in (it's free) to view the hidden content. Baron is a major Tesla shareholder. He noted that he bought about 1.6 million shares at an average share price around $208 to $210. 
      Hello guest! Please register or sign in (it's free) to view the hidden content.  reports that “Tesla is the fifth largest holding in the Baron Opportunity Fund which first bought shares back in June 2014… [and] so far this year, the Baron Opportunity Fund has absolutely crushed the S&P 500 and its fund peers, surging 26%.”
      And Ron Baron is not alone when it comes to his outlook on Tesla. Yesterday, 
      Hello guest! Please register or sign in (it's free) to view the hidden content. reported that Berenberg (based in Germany) is also extremely bullish on Tesla — upgrading its price target to $464. Berenberg’s Alexander Haissl explains, “With no clear pathway to high-volume EV production for these OEMs [original equipment manufacturers] before the mid-2020s, Tesla will be given a near-monopolistic opportunity to gain market share and outcompete the incumbent automotive industry.” Berenberg’s Haissl also believes that Tesla’s “best-in-class cost base and production processes” will allow it to generate 50% more profit per vehicle than its competitors in the coming years. Haissel notes, “Tesla’s disruptive potential encompasses the vehicle, the entire production process and the product-to-market strategy. Once the business reaches scale, the cash generation potential is significantly superior to existing premium OEMs.”
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      Hello guest! Please register or sign in (it's free) to view the hidden content. appeared first on Hello guest! Please register or sign in (it's free) to view the hidden content. .  
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