There is no doubt that Tesla (TSLA) – Get the Tesla Inc report dominates the electric vehicle market.
The Austin-based automaker produced 305,407 vehicles in the first quarter and delivered 310,048 despite supply chain disruptions and Russia’s invasion of Ukraine, which has worsened soaring material prices raw like nickel.
CEO Elon Musk’s group is expected to exceed one million vehicles produced in 2022, industry sources anticipate. It would be a record for the company.
Meanwhile, GM (GM) – Get General Motors company report and Ford (F) – Get Ford Motor Company report between them, they delivered just over 7,100 electric vehicles in the first quarter. Rivian, Upstart Rival (SHORE) – Get the Class A report from Rivian Automotive, Inc. delivered 1,227 vehicles in the first three months.
Tesla is well positioned to meet the growing demand for electric vehicles. The automaker has just opened its fourth production plant, in Austin, after Berlin, Shanghai and Fremont, California. In total, these factories can together manufacture at least 2 million vehicles per year when operating at full capacity.
Tesla, whose stated mission is to save the planet from pollution, is therefore likely to generate significant revenues in the coming years, as the group can now serve important markets such as China, Europe and the United States. at much lower costs than its competitors.
Tesla has access to free money
Musk’s firm is also able to generate significant revenue on models that it has not yet marketed. The T brand currently sells the entry-level Model S luxury and Model 3 sedans, the Model X luxury SUV and the Model Y SUV.
The CEO indicated on April 7 that 2023 will be a year rich in novelties: Tesla will launch the production of the highly anticipated cybertruck, the Tesla Semi but also the Roadster sports car. The brand is already taking reservations for all these vehicles.
But one of the three turns out to be a real slot machine for Tesla. It’s the new Roadster.
The new generation of the Roadster, the very first vehicle manufactured by Tesla, seems to be a great success. The limited edition, Founders Series, is sold out. Tesla stopped taking reservations in December.
For this limited model, Tesla customers had to pay the full price, $250,000, within 10 days of placing their orders on the dedicated Roadster site.
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Musk had indicated that Tesla planned to produce just 1,000 Founders Series units. Based on the original price, the company pocketed $250 million in revenue from a vehicle that didn’t even enter production.
Now that the Founders Series is spoken, interested consumers have only one choice: the standard Roadster. Tesla usually displays the prices of its vehicles, but not this one. Last year, the Roadster was priced at $200,000 and potential customers had to pay a deposit of $45,000 within 10 days of placing their order. But the required deposit has increased.
A super fast and expensive sports car
Now, Tesla requires a base reservation of $50,000 within 10 days of ordering. This is done in two parts: the customer deposits $5,000 when ordering and must pay an additional $45,000 within 10 days of placing the order.
“Roadster reservations require an initial credit card payment of $5,000, plus a wire transfer payment of $45,000 due in 10 days,” the automaker explains. “Reservations are not final until payment by bank transfer is received.”
Unveiled in 2017, and initially scheduled for 2020, the sports car has been repeatedly postponed. Musk said on April 7 that Tesla would start manufacturing the new Roadster in 2023.
While the first version of the Roadster, which marked Tesla’s debut, was based on the Lotus Elise, this new version has completely new underpinnings.
Inspired by the brand’s models, it looks bigger than its predecessor; the size seems close to the Tesla Model S, with which it could share the chassis. Configured in 2+2, the Roadster has a removable glass roof.
In terms of performance, the manufacturer claims to be able to beat the best supercars with a 0-100 km/h shot in less than two seconds and a 0-100 km/h in 4.2 seconds. The top speed of the new Roadster: 250 mph.
The Roadster is “the fastest car in the world, with record acceleration, range and performance,” says Tesla.
The new generation of Roadster has up to 620 miles, nearly 1,000 kilometers. of range.
In terms of charging, Tesla has yet to provide many details. But owners can expect the new Roadster to be able to access the future MegaCharger network that the manufacturer intends to deploy for its future Tesla Semi.