See race car-like center lock wheels

David Bolden August 22, 2020 0
See race car-like center lock wheels

Tesla is still holding about 80% of the US electric vehicle market despite buyers not having access to the federal tax credit anymore unlike they do for some of the competition.

According to data gathered by Buy Shares, Tesla has maintained an 81.66% market share of the EV market in the US during the first half of 2020:

“Data presented by Buy Shares indicates that Tesla unsurprisingly accounted for 81.66% of all-electric vehicles sold in the United States as of the first half of 2020. During the period, a total of 87,398 electric vehicles were sold in the US with Tesla accounting for 71,375. The company’s popular Tesla Model 3 was the highest-selling with 38,314 units.”

It’s important to note that Tesla doesn’t disclose its sales per market and registration data is not readily available everywhere in the US and, therefore, some of the sale data for Tesla is estimated:

What is most impressive is out of the top first five cars on the list, four are Tesla vehicles and all have no access to the $7,500 federal tax credit for electric vehicles.

Both Tesla and GM buyers don’t have access to the federal tax credit since they both reached the threshold of 200,000 vehicles delivered in the US and completed the phase-out period that it triggered.

However, overall sales are down, but that can be attributed to the pandemic affecting sales.

Electrek’s Take

A lot of people were down on Tesla’s US sales without the federal tax credit, which is kind of unfairly set-up to disadvantage automakers who were early with electric vehicles.

Now, it looks like it’s not a big problem.

However, I think Tesla is not really feeling the impact of major EV competition in the US.

That might change next year with the e-tron’s price drop and new EVs like the Mustang Mach-E, Audi e-tron Q4, and others hitting the market.

But I think Tesla will still do well with more variants of the Model Y hitting higher production and new versions of the Model S and Model X.

Tesla CEO Elon Musk confirmed the smallest little detail about the new Roadster: it will have race car-like one-nut wheels.

We are kind of starving for information when it comes to Tesla’s new Roadster.

The electric supercar is supposed to come deliver the “ultimate smackdown” to gasoline-powered cars by outperforming all other supercars and becoming the new ‘halo’ car when it comes to performance.

Originally, it was supposed to come to market this year, but it has been delayed and the timeline to production is now unclear.

In the meantime, CEO Elon Musk gradually reveals more information about the electric supercar and he has now confirmed that the Tesla Roadster’s wheels will have just one nut.

He wrote on Twitter yesterday:

But it will be a “huge” one:

What they are talking about here is centerlock wheels, which are primarilly used in race cars and some high-performance sports cars.

Instead of using the traditional 4 or 5-nut configuration to lock the wheel, a centerlock wheel only uses a single large hex nut.

For race cars, the main advantage is how fast you can remove it at the pit stop, but it also offers more room in the hub for larger brake pads and callipers.

It is still used in Formula One and other race series today, but there are also a few proudction sports cars and supercars still using centerlock wheels.

It would put the new Tesla Roadster amongst a select few:

  • Porsche Carrera GT
  • Porsche 918 Spyder
  • Porsche 997 (optional)
  • Porsche 991
  • Koenigsegg One:1
  • Koenigsegg Regera
  • Lamborghini Aventador SV
  • Lamborghini Huracán (optional)

When first unveiling the vehicle, Musk claimed a list of insanely impressive specs for the new Roadster, including 0-60 mph in 1.9 sec, 620-mile of range, and more.

At the time, the CEO said that those were the specs for the “base version” of the Roadster, and the CEO reiterated that during the new interview — without confirming the specs of the higher-end version.

Furthermore, Musk confirmed that the “SpaceX package” is still in the plans for the new Tesla Roadster. Based on his previous comments, the “SpaceX package” consists of a bunch of cold air thrusters around the car to improve performance.

Earlier this year, the CEO said that Tesla might give an update on the new Roadster and the Tesla Semi later this year.

During the release of Tesla’s Q2 earnings last month, Musk hinted at Tesla Roadster production starting in California within 12 to 18 months.

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Tesla (TSLA) overtakes S&P 500’s 10th biggest stock after breaking $2k barrier

TESLA MODEL 3 PRODUCTION LINE IN GIGAFACTORY 3, SHANGHAI, CHINA. (CREDIT: TESLA)


Yesterday, Tesla (NASDAQ:TSLA) broke the $2,000 per share barrier. During Thursday’s intraday peak of 2,021.99 per share, Tesla had a market cap of over $378 billion. This allowed the electric car maker to overtake Walmart, which has an impressive market cap of $368 billion, as per data from YCharts.com.

Interestingly enough, Walmart is actually the S&P 500’s 10th-biggest company. This means that if Tesla were actually part of the index, it would now be the 9th largest member of the S&P 500.

Tesla’s momentum appears to be partly driven by the company’s announcement that it would be implementing a 5-for-1 stock split in late August. Since the announcement, TSLA stock has seen a 45% rise, cementing its place as one of the best-performing stocks today with a 378% year-to-date rise. Anticipation for the company’s inclusion into the S&P 500 also brings more enthusiasm for the stock.

The electric car maker is expected to be included in the S&P 500 index after it registered four consecutive profitable quarters. That being said, Tesla’s recent bull run is notable, especially considering that Walmart, the company that the electric car maker recently overtook in market cap, recorded around $500 billion more revenue than Tesla in its last fiscal year. That being said, Tesla carries a lot of optimism among investors, and the company is showing a lot of potential growth in the coming years.

Tesla has been largely considered as an electric vehicle maker for a long time, and for good reason. CEO Elon Musk’s Master Plan for the company involves the release of compelling electric vehicles that encourage conventional car buyers to choose sustainable transportation over fossil fuel-powered cars. However, Tesla has expanded its business significantly, and some of these other opportunities are rarely considered by analysts covering TSLA stock.

The opportunities from Tesla’s battery storage business, for example, is only mentioned by a select few bulls like billionaire investor Ron Baron. This is despite Elon Musk noting that the energy and utility market far outsizes the vehicle segment. Margins are also estimated to be fairly high with Tesla’s battery storage products, since the devices are not as complex as the company’s electric vehicles. This is represented by the Megapack, Tesla Energy’s flagship battery storage product, which already proved profitable in the second quarter.

Other potential areas in Tesla’s growth include autonomous driving and ride-hailing services. Tesla has announced its plans to deploy an autonomous Robotaxi service, but just like its energy business, the opportunities of a ride-hailing business are only recognized by a select few TSLA bulls like Cathie Wood of ARK Invest.

As of writing, TSLA stock is trading 2.86% at $2,059.00 per share.

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