a Silicon Valley-based company that designs‚ manufactures and sells electric vehicles (EVs) and electric vehicle powertrain components. It is currently the only automaker building and selling highway-capable EVs in serial production (as opposed to prototype or evaluation fleet production) in North America or Europe. According to recent paperwork filed with the US Securities and Exchange Commission‚ Tesla produces at least 15 cars per week — mostly custom-ordered vehicles manufactured to owners’ specifications
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consumers have started to reconsider the usage of electric cars (Global EV Outlook‚ 2013). Electric Vehicles [EV] have been around since the 1830s‚ yet it is only recently that countries have experienced an increase in their production thus redefining tomorrow’s automobile and transportation industry. This year‚ the global production of EV is predicted to rise by 67% (IHS‚ 2014). 1.1 Market Trends According to the Green Car Guide (2014)‚ top Battery Electric Vehicles (BEVs) models include the BMW I3‚
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MARKET ANALYSIS We are going to study two principal segments in the Spanish car industry that are related with the Tesla Model S and will help us to determine our objectives. - Electric- power vehicles market - Luxury Sports car Market Electric- power vehicles market At present there are many signs that point to the need for a change in the technologies used for the transport and mobility of people all over the world. These signs are: - the negative side
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turmoil and the changing global climate has been a political topic in recent years. A major contributor to the changing environment is fuel emissions from personal vehicles. With millions of tons of car emissions being released into the atmosphere‚ it is obvious that the industry needs to make a change. Many car manufacturers have gone green and produce hybrid or alternative fuel-powered products. Tesla Motors takes the green movement in the personal transportation industry to a whole new level. The Model
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What are electric cars and how do they help our environment? An electric car is an automobile that is propelled by one or more electric motors‚ using electrical energy stored in rechargeable batteries or another energy storage device. Electric motors give electric cars instant torque‚ creating strong and smooth acceleration. They are also around three times as efficient as cars with an internal combustion engine. The first practical electric cars were produced in the 1880s. Electric cars were popular
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transport by bringing compelling mass market electric cars to market as soon as possible.” (Musk‚ 2013) Tesla’s mission statement means that they want to create a world standard for sustainable transport. By bringing electric cars to the mass market they will create a product with an indefinite energy supply. Tesla Motor’s Vision Statement is: “Create the most compelling car company of the 21st century by driving the world’s transition to electric vehicles.” (Tesla Motors Overview‚ 2011) Tesla’s
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Toyota is the leader of the hybrid technology with its Prius. The Prius was the world’s first mass-produced hybrid car (Case‚ paragraph 2‚ ‘The Prius…higher speeds.’). Toyota used the Prius as the centre-piece of their campaign to give themselves a more environmental image compared to their rivals. The reason why the Prius was such a success and other hybrid models were having troubles to get buyers‚ is that the buyers of the Prius want to make a statement about themselves. They want to show people
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to release a new 5 door sedan‚ extended range electric vehicle which will be known as the Volt‚ a promotional image can be seen on the report title page. Our goal is to achieve 100% customer satisfaction so our focus will be on product quality; The Chevy Volt‚ an advanced technology with standard equipment features. We will be the first automobile company to enter this specific industry so to take advantage of our launch of the most fuel efficient car that we will do substantial promotion to gain
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Tesla Motors‚ Inc. Tesla Motors‚ Inc. (Tesla)‚ incorporated on July 1‚ 2003‚ designs‚ develops‚ manufactures and sells electric vehicles and advanced electric vehicle powertrain components. The company was founded by a group of Silicon Valley Engineers who saw an opportunity to mass-produce electric vehicles as substitutes for the ordinary gasoline powered vehicles. Tesla‚ which issued its IPO in 2010‚ became the second listed American motor company after Ford‚ which went public in 1956.Tesla owns
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My RSS Feed Jan. 16 2013 — 8:00 am | 368 views | 0 comments Can Subsidies Get Electric Vehicles Rolling in India? English: The NXR was launched at the IIA Frank... A prototype of the Mahindra REVA NXR‚ India’s newest venture into electric cars. Last week‚ the Indian government revealed more details about its plan to spend 230 billion rupees ($4.2 billion) to stimulate a domestic market for electric vehicles. Prime Minister Manmohan Singh said that government and manufacturers would
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