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The "long" this week starts with some sad, but necessary steps that Tesla is taking to turn their new solar business into an efficient part of their overall strategy.
"Tesla’s latest regulatory filing reveals SolarCity staff reduction and cost-cutting measures." src (http://www.teslarati.com/tesla-filing-solarcity-20-percent-staff-reduction-cost-cutting/)
This is an apparent 19.8% reduction in their force, presumably to make them more profitable and efficient. There also was some possible overlap in management and administrative functions between Tesla and SolarCity that resulted in some reductions in their workforce.
For the "short" this week, I discuss the recent statements by Tesla that they might start offering insurance with their cars. I see this as something that would potentially reduce competition and lock owners into more of their services, resulting in potentially sub-par service.
"Tesla looks to bundle insurance policy into the purchase of a car" src (http://www.teslarati.com/tesla-looks-bundle-insurance-policy-purchase-car/)
I believe they would better serve owners by partnering with existing insurance companies and offering discounts. For example in the US right now many insurance companies offer discounts for AAA members. I think they could work out a similar deal giving owners several options to choose from.
For my trip, I was up in Santa Barbara to record some Data Science courses for LinkedIn Learning (https://www.linkedin.com/learning/instructors/ben-sullins) for the week. I've talked about this trip before, but this time I was using the Teslab app to track my efficiency, speed, and elevation changes.
I especially had fun at the San Juan Capistrano station sharing the app and showing how (in)efficient I was on my drive. There definitely was interest from the five or so owners that were hanging out.
If you're interested in the app you can get an invite here http://teslanomics.co/teslab
Thanks for watching and we'll see you back here soon!
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// What is a Tesla Model S? (wikipedia.org)
The Tesla Model S is a full-sized all-electric five-door, luxury liftback, produced by Tesla Inc., and introduced in June 2012. It scored a perfect 5.0 NHTSA automobile safety rating, and, as of March 2017, the P100D variant holds the record for the fastest acceleration of any production vehicle from a standstill to 60 mph in Motor Trend tests. The United States Environmental Protection Agency (EPA) official range for the 2012 Model S Performance model equipped with an 85 kWh (310 MJ) battery pack is 265 miles (426 km), higher than any other electric car at the time. EPA rated its energy consumption at 237.5 watt-hours per kilometer (38 kWh/100 mi or 24 kWh/100 km) for a combined fuel economy of 89 miles per gallon gasoline equivalent (2.64 L/100 km or 107 mpg‑imp).
In 2016, Tesla updated the design of the Model S to closely match that of the Model X. As of January 2017, the following versions are available: 60, 60D, 75, 75D, 90D and P100D. Owners of the earlier 70 and 70D Model S have the option to unlock the 75 kWh capacity via a software update, adding up to 19 miles (31 km) per charge. The 60 and 60D Model S, reintroduced in June 2016, have a US$9,000 option to unlock the full 75 kWh capacity via a software update any time after purchase. In August 2016, Tesla introduced the P100D as the new top-level model. The P100D model has a 100 kWh battery, a 0–60 mph (0–97 km/h) time of 2.28 seconds, and over 300 miles (485 km) of EPA rated range.
The Model S became the first electric car to top the monthly new car sales ranking in any country, twice leading in Norway, in September and December 2013; and also in Denmark in December 2015. Global Model S sales passed the 150,000 unit milestone in November 2016, with the U.S. as the leading market with 57% of global sales. Other leading country markets are Norway, China, Hong Kong, the Netherlands, Canada, Denmark, Germany, and Switzerland.
// Music Credits (http://creativecommons.org/licenses/by/3.0/)
Always (Vlog Music) by Dj Quads https://soundcloud.com/aka-dj-quads
Music provided by Audio Library https://youtu.be/jIiE1ezj4cs
Rock Angel by Joakim Karud https://soundcloud.com/joakimkarud
Creative Commons — Attribution-ShareAlike 3.0 Unported— CC BY-SA 3.0
Music provided by Audio Library https://youtu.be/K8eRXvLL7Wo
Tonez&Re-C - Kyoto by @TONEZPRO (OFFICIAL) https://soundcloud.com/tonez-pro
Creative Commons — Attribution 3.0 Unported— CC BY 3.0
Music provided by Audio Library https://youtu.be/vq4okoteFEc