• 4 minutes Tariffs to derail $83.7 Billion Chinese Investment in West Virginia
  • 9 minutes Battle for Oil Port: East Libya Forces In Full Control At Ras Lanuf
  • 17 minutes Kaplan Says Rising Oil Prices Won't Hurt US Economy
  • 8 hours Battle for Oil Port: East Libya Forces In Full Control At Ras Lanuf
  • 11 mins Saudi Arabia plans to physically cut off Qatar by moat, nuclear waste and military base
  • 36 mins Could Venezuela become a net oil importer?
  • 24 hours Corruption On The Top: Netanyahu's Wife Charged With Misuse of Public Funds for Meals
  • 10 hours Why is permian oil "locked in" when refineries abound?
  • 3 hours Saudi Arabia turns to solar
  • 8 mins Reuters: OPEC Ministers Agree In Principle On 1 Million Barrels Per Day Nominal Output Increase
  • 12 hours Teapots Cut U.S. Oil Shipments
  • 12 hours Oil prices going down
  • 25 mins China’s Plastic Waste Ban Will Leave 111 Million Tons of Trash With Nowhere To Go
  • 17 hours Russia's Energy Minister says Oil Prices Balanced at $75, so Wants to Increase OPEC + Russia Oil by 1.5 mbpd
  • 13 hours Hot line, Macron: Phone Calls With Trump Are Like Sausages Best Not To Know What Is Inside
  • 1 day U.S. Withdraws From U.N. Human Rights Council
  • 2 hours EVs Could Help Coal Demand
  • 23 hours EU Confirms Trade Retaliation Measures vs. U.S. To Take Effect on June 22
  • 13 hours Putin Says 'Fierce' U.S. Politics Hindering Summit With Trump
Alt Text

The Next Stage In Perovskite Solar Development

Perovskite photovoltaic cells have long…

Tsvetana Paraskova

Tsvetana Paraskova

Tsvetana is a writer for the U.S.-based Divergente LLC consulting firm with over a decade of experience writing for news outlets such as iNVEZZ and…

More Info

Trending Discussions

Tesla’s Surprise Unveiling Reveals Fastest Production Car Ever

Tesla

While all EV enthusiast and investor eyes were focused on Tesla’s Semi-truck unveiling last night, the EV maker shocked the crowed with a bonus at the end of the ceremony, presenting the new Tesla Roadster that Elon Musk says “will be the fastest production car ever made, period.”

The Tesla Roadster sports car will be capable of accelerating 0-60 mph in 1.9 seconds, the first time a car has broken below the 2-second mark, Musk told the crowd at the event. The 0-100 mph acceleration is also a record—4.2 seconds achieved with the prototype, Musk said. He didn’t say what the top speed would be, but did say that it would be above 250 mph.

The 200kWh battery pack (twice the capacity of Model S) will support a 620-mile range in a single charge, or over 1,000 kilometers—the first time a production EV will have a more than 1,000 kilometers range in a single charge at highway speed, Musk said.

“The point of doing this is to just give a hardcore smackdown to gasoline cars,” Tesla’s chief said.

The car will be available in 2020, he added.

The base price for the new sleek Roadster is $200,000. For the Founders Series, customers will pay a $50,000 premium. If you want to hold your place in line, Tesla is taking reservations.

Tesla’s Semi truck and revamped Roadster unveils come at a time in which the EV maker is struggling to ramp up production for its Model 3 mass-market car whose deliveries have been lagging behind both Tesla’s projections and market expectations. Musk himself has described manufacturing bottlenecks for the Model 3 as ‘production hell’. Related: Norway’s $1 Trillion Wealth Fund Looks To Dump Oil & Gas Stocks

“Elon’s showmanship remains intact, even as his customers’ patience for Model 3 delivery wanes,” Karl Brauer, executive publisher of Kelley Blue Book and Autotrader, told CNBC.

“The specs on the new semi truck and sports car would put both vehicles at the top of their segments...assuming they can be produced and sold as part of a sustainable business plan. So far that final element has eluded Tesla Motors, which makes it difficult to see these vehicles as more than ‘what if’ concept cars,” Brauer noted.

After the Thursday show, shares in Tesla (NASDAQ:TSLA) were soaring more than 4 percent in pre-market trade on NASDAQ at 9:27 a.m. EST on Friday.

By Tsvetana Paraskova for Oilprice.com

More Top Reads From Oilprice.com:




Back to homepage

Trending Discussions


Leave a comment

Leave a comment




Oilprice - The No. 1 Source for Oil & Energy News