Tesla CEO Elon Musk held a press conference on Friday. He announced the introduction of "Ludicrous Mode" for the high performance variant of the Model S. In Ludicrous Mode, Tesla claims the upgraded P85D Model S will be able to 0-60 in just 2.8 seconds — down from 3.1 seconds in "Insane Mode." The previous acceleration was up there with the world's fastest supercars. But in Ludicrous Mode, an all-electric four-door is catching up or matching hypercars like the Ferrari LaFerrari (0-60 in 2.6 seconds) and McLaren P1 (0-60 in 2.8). When asked on the call whether Ludicrous Mode had been requested by customers, Musk replied, "No one was asking for Ludicrous Mode because it was too ludicrous." "The car can accelerate at 1.1g," Musk said. "That's faster than falling." In an amusing nod to the ludicrous-ness of Ludicrous Mode, Tesla's press release called it "Luuudicrous Mode." And for what it's worth, rapper Ludacris was the warm-up music for the call, via Tesla's normally space-age New Age-y Muzak. Technically speaking, Ludicrous Mode is enabled by a battery pack and electronics upgrade that effectively extends the acceleration of the P85D past a 30 mph threshold. Once you get to 30mph, the P85D can't boost the power it's extracting from its batteries to bust through the 3-second barrier without melting a fuse. With the upgrade, which will cost $10,000 for new Model S buyers and, for the next six months, $5,000 for existing P85D owners, the car can maintain Insane Mode power up to 60 mph and beyond. According to Tesla, the upgraded S will be able to run the quarter mile in 10.9 seconds and reach 155 mph in 22% less time. Ludicrous Mode will also be available on the upcoming Model X crossover SUV. Musk estimates the Ludicrous Mode-equipped Model X cars to be able to hit 60 mph in 3.2 seconds. In additional to a faster Model S, Musk also announced the introduction of a 90 kWh battery pack for the car. With the 90kWh pack, the S will have an additional 15 miles of range. As a result, the dual motor Model S with the 90 kWh pack is expected to achieve roughly 300 miles of highway range at 65mph. Musk also announced a $70,000 price tag for the 70 kWh single engine Model S. That's $5,000 less than the dual engine 70D. According to Tesla, with incentives and savings over five years of ownership, the price of the single engine Model S 70 falls to $52,500. SEE ALSO: Analyst: The fourth quarter is critical for Tesla Model X launch Join the conversation about this story » NOW WATCH: 6 mind-blowing facts about Greece's economy
Welcome, 77 artists, 40 different points of Attica welcomes you by singing Erotokritos an epic romance written at 1713 by Vitsentzos Kornaros
Friday, July 17, 2015
Sunday, July 12, 2015
This is the big thing about Tesla that people don't understand (TSLA)
Tesla had an interesting week. The company's stock dipped about 8%, after surging steadily over the previous weeks toward its all-time trading high of $291, reached last September. Tesla closed out the week at $260. The stock slid on the downgrades of several Wall Street analysts who cover the stock. The important comments on Tesla's future fortunes came from Deutsche Bank's Rod Lache, who changed his rating to hold from buy, but also raised his price target, to $280 from $245. He argued in a research note that Tesla's value prospects are already reflected in the stock price — you could buy it, but in a sense the company's future growth has already been bought by investors, and that's what's driven the stock price higher over the past two year. So if you buy now, you're not going to be purchasing that growth. It's too late. On Friday, Tesla announced that it had hired Ganesh Srivats, an executive at Burberry, to be the car maker's North American luxury czar, Bloomberg reported. If hiring a Burberry executive to revamp an important Silicon Valley organization's sales and marketing apparatus sounds familiar, that's because Apple hired Burberry's CEO, Angela Ahrendts, to run its retail operations in 2014. Bloomberg's Dana Hull quoted New York University professor Scott Galloway, who made the bold claim that Tesla isn't a car company — it's a luxury brand. And at the Allen & Co. conference last week, Tesla Ceo Elon Musk said that the Model X SUV, the new vehicle Tesla is set to launch in the next few months, could double Tesla's sales, which are expected to come it at around 55,000 this year (up from 32,000 last year). A vast misunderstanding Here's the thing about those three events: only one person in the mix seems to understand what Tesla actually is. Not surprisingly, it's Musk. Ever since Tesla survived its near-death experience in 2008 and surged forward to become the most important new car company in a century, it's captivated the imaginations of people who wish it wasn't a car company. Wall Street wants Tesla to be a smoking hot technology growth stock — effectively, a Silicon Valley startup with 50 employees, a hundred MacBooks, and exponential expansion in its future. Those people who concede that Tesla is producing a product, rather than a social network, want it to be like Apple: a company that creates beautiful, high-tech things and sells them at massive profit margins to a cult-like customer base. Only Musk understands that he's currently building one car in one factory. And he knows that the number of cars Tesla can sell in a quarter — about 11,500 in Q2 2015 — is dwarfed by how many General Motors can sell in a month (260,000 in June, in the US alone). Cars are hard Thinking about Tesla as a financial entity or an Apple with wheels is much less vexing than thinking about Tesla as a company that has to build and sell a large and complicated machine. What Tesla is really doing isn't all that different from what Ford or Toyota is doing. Yes, Tesla's cars are all-electric and make greater use of Silicon Valley-style technology thinking than those of other automakers. But at the end of the day, drivers still have to start the cars and drive them, safely, from point A to point B. So while Tesla shares can be traded, the company isn't a stock. And while Tesla's cars are sexy and expensive, the company hasn't elevated itself beyond mechanical and electrical engineering to become a luxury brand like Burberry (obviously, however, Musk realizes that following Apple's lead on certain types of hires is a good move, if only for marketing purposes). Bottom line: Tesla builds cars ... on an assembly line ... and then delivers them to customers. They're fast and networked and everyone loves them. But the business model ultimately isn't that different from what Henry Ford cooked up for the Model T. Just build us a lot of cars For almost a decade, I've kept an eye on this tendency of Tesla observers to interpret the company as something other than an automaker. It's been one of dominant themes of Tesla's ascent. It appears again and again. This is because outside the auto-enthusiast community, there's a lot of car-company haters. Tesla can't be like those other guys — it has to DISRUPT them, do them in, shake them up, change the game. And to a certain extent, Tesla has done all those things. But its essential status as a car maker keeps coming back. And in fact over the the next two years, as it introduces two new cars — the Model X and the Model 3 mass-market vehicle — Tesla will need to decisively behave more like a car company, churning out production and hitting quarterly and monthly sales targets. The goals aren't modest. Musk wants to be building 500,000 vehicles by 2020. The stock story and the technology story are played out. The luxury story is a distraction. This is a car company. It needs to make cars. That has to be its focus now.SEE ALSO: Tesla is at another crossroads Join the conversation about this story » NOW WATCH: 6 mind-blowing facts about Greece's economy
Monday, June 8, 2015
The Greek luxury car market, like the economy, has stalled
What happens next in the luxury car market, and the wider Greek economy will depend on what sort of deal Athens can make to stave off bankruptcy.
Sunday, June 7, 2015
The Greek luxury car market, like the economy, has stalled
What happens next in the luxury car market, and the wider Greek economy will depend on what sort of deal Athens can make to stave off bankruptcy.
Friday, May 22, 2015
Car Sales Increase in Greece Despite Crisis
More than eighteen automotive companies operating in the Greek market recorded a sales increase during the first quarter of 2015. A partial list of the companies that saw a sales increase in the first quarter of the year includes: Peugeot 485,3%, Smart 225%, Lexus 184,6%, Land Rover 137,5%, Porsche 150%, Kia Motors 73%, Mini 63, 7%, Audi 34,1%, Renault 27,1%, VW 22,5%, Volvo 18,6%, Mercedes 17,1%, Nissan 13,4%, Toyota 12,9%, Citroen 12,8%, BMW 10,7%, Suzuki 10,1%, and Ford 5,6%. The brands that faced a significant decrease in profits are: Subaru 73,7%, Lancia 73,6%, Alfa Romeo 46,3%, Chevrolet 46,1%, Abarth 30,8%, Fiat 30,2%, Skoda 16,5%, Honda 16,2%, Dacia 14,6%, Seat 12,3%, Hyundai 3,5%, Mitsubishi 2,8%, and Opel 2,3%. According to official data released by Greece’s Association of Motor Vehicles Importers Representatives (AMVIR), the upward trend in the first quarter of 2015 reached 13.7% compared to the same period last year. 25,072 new passenger cars were sold in the first quarter of this year in comparison with the first three months of 2014, when 22,046 new passenger cars were sold. Source: ANA-MPA
Tuesday, April 21, 2015
University of Piraeus tests first solar-powered electric car charging station
Greece’s first solar-powered charging station for electric cars ensures 100 percent green energy and was recently launched by the Piraeus University of Applied Sciences. It is still in the experimental stage and is being used for training and research purposes.
Sunday, March 8, 2015
Greek Legislation Stops Commercialization of Hydrogen Car
eco-racer Students of the Technical University of Crete have built a hydrogen car that has won international awards, yet Greek legislation prevents ...
Wednesday, March 4, 2015
Automakers piling into dinky truck segment show off new entries at Geneva Auto Show
by Associated Press Honey, we shrunk the SUV _ and Europe loves it by DAVID McHUGH, Associated Press - 4 March 2015 02:18-05:00 FRANKFURT, Germany (AP) — In Europe, SUV now stands for: Shrinking Utility Vehicle. An array of ever-smaller sport-utility vehicles and SUV car-like crossovers is going on display this week at the Geneva International Motor Show. Automakers are piling into the segment as one of the best hopes for growth in a still-recovering European market. European consumers like the higher seating, easier entry and perceived greater freight-carrying capacity. Auto makers like the fact that they can build an SUV body on the same mechanical platforms and modules they use for compact cars, saving money on development costs. The key in Europe has turned out to be putting the vehicles on platforms originally built for compact or small mid-sized cars. They're generally less than 4.5 meters (177 inches) long, or smaller than a Honda Civic, which measures 4.54 meters (179.4 inches.) Compact SUVs have gained in popularity globally, but they're really getting attention now in Europe. The smaller size helps with narrow streets and tight parking in European cities that made full-size SUVs less practical for many people, and a little politically incorrect as well for the more environmentally conscious. The recently lower price of gasoline will not hurt, although gas remains painfully expensive in Europe compared with the United States due to high taxes. At the Geneva show, among the top new contenders will be the Renault Kadjar, which blends the more rugged SUV style with cues from cars and station wagons, such as a lower roofline and comfortable interior, in a small, 4.45-meter package. The Kadjar (pronounced KA-jar) is headed for the European market this summer and China after that, with Renault saying it's too early for price information. Hyundai's redesigned Tucson has grown slightly but is only a fraction longer at 4.47 meters (176.2 inches.) In the higher priced realm, Infiniti is showing off its QX30 concept vehicle, which keeps the higher stance of an SUV and uses carbon fiber cladding and large 21-inch wheels with milled aluminum spokes. Infiniti says the design is intended to make occupants feel safe and protected; it has a pronounced front bumper and a large skid plate to protect the rear. The QX30 aims at one of the problems of the segment's popularity: how to distinguish one's entrant from all the others. The QX30, which will be introduced as a production vehicle in 2016, tries to do this with bold styling; it has sharp metal curves and flares that stand out. "We want to come to the market with a different offer," said Francois Goupil de Bouille, Infiniti's vice-president for Europe, Middle East, Russia and Africa. "So what we are going to do is come with a striking design, a very different design. We are going to take the maximum risk." In the smaller, compact category, Honda is show off the new H-RV, which goes on sale in Europe this summer. It blends a basic hatchback configuration with SUV styling such as cladding and bold creases in the body metal; the company says it has added acoustic insulation to the wheel arches and floor to make riding in it less noisy. Chinese newcomer Qoros is unveiling its 3 City SUV, a crossover that for now is headed for China only. Analyst Tim Urquhart at IHS Automotive say these new models are further evidence that European car buyers are shifting away from classic sedans and hatchbacks in favor of SUV body styles. "It's signaling a bit of a sea change which has been happening in the European market for the better part of a decade now, a gradual shift from passenger car-style body types, your conventional sedans and hatchbacks, and more toward these SUV and crossover sort of vehicles. "They use existing power train technology and existing passenger platform architecture. You raise the ride height a bit, use some funky SUV styling cues, and you've just created a different genre of vehicle," he said. "You're extending your range in a cost-effective manner, in a way that's exciting to consumers." The market for the smaller versions "continues to have huge growth potential" even as more and more carmakers pile into it, as they did with big SUVs years ago. The field is already getting crowded with vehicles such as Nissan's Qashqai and Juke and Opel's Mokka. Small SUV sales in Europe are expected to triple from 1.1 million to 3.2 million annual sales over the next decade, IHS Automotive predicts. That's even as small and midsize car sales show only stable sales, rising from 4.7 million units to 5.3 million. Europe's car market needs the boost as its economy slowly heals from a financial crisis over government debt in countries such as Greece, Ireland, Portugal, Spain and Italy. Car sales rose for the 17th straight month in January in the 28-country European Union, and last year's sales of 12.55 million vehicles represented a 5.6 percent increase over the year before — the first such increase after six years of declines. Sales, however, remain far below the 2007 peak of just under 16 million. The show in Geneva is open to the public from March 5-15. ___ Online: www.salon-auto-ch News Topics: Business, Automobile manufacturing, Automobile shows, Industry conferences and trade shows, Consumer product manufacturing, Consumer products and services, Industries, Automobiles, Lifestyle, Corporate news People, Places and Companies: Europe, Geneva, Germany, Switzerland, Western Europe Copyright 2015 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.
Wednesday, September 17, 2014
The New Way of Traveling Around Athens: Car To Go
More than 300 white Fiat 500s with “car to go” logos are parked across Athens, Greece. They are all washed, tanks full, taxes paid and are ready to serve any driver who wishes to try this alternative means of transportation. The cars belong to the Car to Go company that introduces a different transportation model: customers can find the nearest white Fiat 500 bearing the company logo and drive it wherever they wish. Users must first complete an application form online for 19.90 euros. They can then download the free “Car to Go” application on their smart phone and acquire a membership card, with which they can access any available car and drive it. After registering, users look for the nearest available vehicle through the app, unlock it by scanning their membership card, find the key in the car, type in their password, answer some simple questions whether the car is clean and in good condition, and they are ready to go. At the end of the ride, drivers can leave the car at any legal parking spot. After they park, they lock the car by scanning their card and can leave. Payment is calculated through an automatic per minute charge which varies depending whether the car is in motion or not. Customers have no obligation to fill the tank. This is taken care of by the company.
Tuesday, September 2, 2014
Electric Vehicle Test Drive in Santorini
Visitors of the picturesque island of Santorini, Greece, had the chance to admire not only the island’s famous sunset but also test drive the Greek electric vehicle “Sunnyclist.” The Sunnyclist is the first completely autonomously powered vehicle, as it can charge its battery during the day and the annual mileage can reach 17000 km. It is a three-wheel hybrid vehicle with three seats. Through a photovoltaic generator of 690Wp and a power motor of 4kW, it can reach a speed of 45km/h with a unique driving range. The Sunnyclist can cover 200km using a small battery, while a small electric car would require quadruple battery for the same driving range. This original green vehicle was designed by Cretan mechanical engineer Manolis Tsikandilakis. Before its appearance in the streets of Santorini, Sunnyclist made the tour of Crete in late July, covering 800 km in five days. Tsikandilakis noted that the Sunnyclist is ideal for the Greek islands, as distances are short and road speeds are low.
Monday, August 4, 2014
Ministry of Energy Promotes Electric Cars
The Greek government with a new legislative amendment aims to promote the use of electric cars in Greece. The amendment will regulate the operation of recharging facilities. The Environment and Energy Minister Yiannis Maniatis believes that the use of electric cars will benefit the Greek economy. The first phase of the program, which will be supervised by a special committee set up at the ministry’s General Secretariat for Energy, foresees an integrated “Network of Electric Mobility” operating in pilot form. Besides coordinating all the various parties involved, the committee will also be responsible for the public information campaign. Electric mobility in Greece is not as developed as in the rest of the EU countries, with just 25 exclusively electric cars currently in circulation. According to the experts, electric vehicles can cover 100 kilometers in the city on just 90 cents, compared to even the most economical gas-powered cars, which would require 3 to 3.50 euros to cover the same distance. Electric car use in Greece remains low because of the absence of succinct legislation and the luxury tax on electric vehicles that has significantly increased their cost. Meanwhile, the clause concerning the installation of electric vehicle charging stations was introduced to legislation just this January. According to the recent amendment, charging stations will not need a special license for supplying electrical energy. Instead, they will be categorized as final consumers with the right to resell power as a service. According to EU directives, Greece should have 13,000 electric vehicle charging stations by the end of 2020.