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Tesla Motors Extends Its Range

09 Apr

tesla model s70

 

The American electric vehicle manufacturer has introduced a new vehicle, named Model S 70D

The American electric automobile manufacturer, Tesla Motors, has decided to amend its range of electric vehicles. Tesla news has reported that it has announced to add a vehicle in its line and discontinue the sale of the other, as it has introduced a new automobile named, Model S 70D, and removed a vehicle named, Model S 60. A new 70kWh battery has been installed in the newly introduced car. It is expected that this battery would extend the range of Model S vehicle to 386 kilometers and increase its effective power to 329bhp. In this manner, this new battery would play its role in making the lives of its users more convenient.

The freshly launched electric car is expected to be sold at a price of $75,000. This price is greater than the price of the previous version of electric vehicle. In the largest economy of the world, a federal tax of $7500 is levied on every Model S vehicle. This change in model has been done at a time when the sales of the car producer have grown rapidly. Its legislative problems in a number of American states have not been able to stop it from introducing the latest model, which would threaten its competitors.

An official of Tesla Motors has said that the Model S 70D has been launched to increase the market share. The management of the business believes that a large number of users would demand the newly designed locomotive. Industry sources have informed that the users of the latest vehicle would gain 15% more than capacity of the original automobile. Tesla news today has exclaimed that the latest integrated technology would feature Autopilot hardware and free over-the-air software updates. Experts analyzed that the updates would improve the functions of the vehicle. The company claims that the new model would be able to cover huge distances. This claim explains that the business believes in competing with very fast cars.

Other features of the advance-pioneered car include navigation, lane departure warning, automatic emergency braking, and parking sensors. It is introduced in three different colors, including warm silver, obsidian black, and ocean blue, which would help in promoting the vehicles. Latest Tesla news has informed that these recent ‘innovations’ would be supplied to its customers with an eight-year warranty that would increase the sales revenue.

The endeavors of competition mark the future prospects of the company, as various market analysts and experts critically acclaimed and appreciated this spirit of competition. Tesla is optimistic amidst the fierce competition prevailing in the market. Now it is yet to be seen to what extent does the freshly built Model S 70D is able to improve the standard of living of its users.

 

 

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3 Comments

Posted by on April 9, 2015 in Technology, Tesla Motors

 

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3 responses to “Tesla Motors Extends Its Range

  1. G. Michael Murphy

    April 9, 2015 at 4:43 pm

    article is factually incorrect: ” In the largest economy of the world, a federal tax of $7500 is levied on every Model S vehicle.” is wrong. the fact is that there is a federal tax credit for every Model S untill they reach 200,000 units, then that credit phases out over the next 4 calendar quarters.

    Liked by 1 person

     
  2. G. Michael Murphy

    April 10, 2015 at 5:50 pm

    Eva, the federal regulation is that the full tax credit is available until the manufacturer reaches 200,000 units. Phaseout of the credit begins in the 2nd quarter after the company’s sales units of plug-in electric vehicles reaches 200,000. the next two quarters it will be eligible for $3750, the next two quarters it will be eligible for $1875, and after that no credit. That will be all combined sales of Model S, Model X, and then Model 3. For GM it will include all Volt, ELR, Spark EV, and Bolt.

    “The credit begins to phase out for vehicles at the beginning of the second calendar quarter after the manufacturer produces 200,000 eligible plug-in electric vehicles (i.e., plug-in hybrids and EVs) as counted from January 1, 2010. IRS will announce when a manufacturer exceeds this production figure and will announce the subsequent phase out schedule (Plug-In Electric Drive Motor Vehicle Credit Quarterly Sales).

    Diagram illustrating phaseout” (of hypothetical car that reached 200,000 units in 1st quarter 2010)

    https://www.fueleconomy.gov/feg/taxevb.shtml

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