The Tesla station may become the de facto national energy plan for automobile transportation. If Tesla could produce the generation III today, it would certainly be interesting to see the order bookings.
TSLA closed at $135.55 per share, up about 1% on the day. The company tweeted: “Model S’ tech package is equipped with voice commands that allow you to request a song, ask for directions, or dial a contact.”
Worldwide Economic Concern, the Price of Oil
Oil rose today due to positive economic data on US manufacturing. Bloomberg reported: “Manufacturing in the U.S. expanded at the fastest pace in more than two years as orders and production jumped, according to the Institute for Supply Management’s factory index.” WTI oil spiked about $3 to around $108 per barrel, and Brent rose over $109. The oil market is vulnerable to a supply shock due to the tightness of the market. Any significant supply disruption could send prices to new record highs. World leaders are looking for long-term solutions to the oil problem.
At any Tesla Supercharger station, Model S owners can charge for free, for life. Where is the competition?
The LEAF drifted lower in July with 1,864 sales (2,225 sold in June). GM sold 1,788 Volts (July). Both companies have charging strategies that pale in comparison to Tesla.
The EV market is more competitive in recent months with more models on the market:
- Daimler is selling its Smart Electric in ZEV credit states, according to Smart USA media relations
- Fiat is starting to sell its electric car (Fiat 500e) in California, according to Fiat media relations
- GM is now selling the Spark EV on the West Coast, according to GM media relations
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