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Tesla

Over-Promising and Under-Delivering: Bold Predictions from Tesla

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Elon Musk is at it again with his predictions, including a new one that Urvaksh Karkaria of Automotive News has labeled as “audacious.” Musk stayed away from outright saying the year “2020,” but in a recent interview, he claimed Tesla would be producing the new Model Y SUV beginning “around 24 months from now,” which […]
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newscast

Will rising interest rates impact dealer profitability? | Why this expert...

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  On today's CBT Newscast for Monday, February 12th, 2018: Will rising interest rates impact dealer profitability? If interest rates keep rising this year, what will be...
newscast

The impact your store would create if your GM asked this...

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  On today's CBT Newscast for Thursday, January 4th, 2018: The impact your store would create if your GM asked this question In a Twitter post last...
newscast

Elon Musk: Tesla’s unveiling of new vehicle will “Blow your mind”...

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On today's CBT Newscast for Wednesday, November 15th, 2017: What’s holding back dealers from digital retailing Back in August of this year, eLend Solutions conducted a survey...
Tesla

What’s Up with Tesla? – $619 Million Loss Reported in The...

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Brené Brown, a research professor at the University of Houston Graduate School of Social Work, once said “There is no innovation and creativity without failure. Period.” This week’s Q3 earnings report from Tesla adds credibility to this quote. On September 30, the company saw a record $619 million loss for the previous three months. The […]
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Tesla

Taking a Tip from Tesla – Build Hype and Take Deposits...

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On July 28th, the first 30 customers received delivery of their Tesla Model 3. It’s a model of success for the beleaguered electric car company, and one from which the automotive sales industry can learn. The initial announcement arrived with huge fanfare, and in the first three days alone, more than 276,000 deposits were placed […]
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Evolving Impact of Tesla

Cutting Out the Dealer: The Evolving Impact of Tesla

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Tesla, Elon Musk’s electric car company, has not only brought innovation to the resource used to power the automobile but also to the industry itself. It is no secret that Tesla’s direct-to-consumer selling model is as intriguing as it is disruptive. Instead of stocking local dealerships with Tesla models, the goal has been to create […]
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autonomous vehicles

Elon Musk: How autonomous vehicles will change everything

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  Before deliveries of Tesla’s Model 3 are delivered at the end of this year, Business Insider says the company is actively trying to eliminate any misperceptions about that particular vehicle.  According to Elon Musk, the Model 3 should not be seen as the next-generation Model S.  In fact, Musk wrote “we have seen a […]
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newscast

Daily Newscast: Elon Musk: How autonomous vehicles will change everything |...

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  On today's CBT Newscast for Tuesday May 9, 2017:  The concerns facing auto dealers in Q2 – Sr. Analyst from Edmunds.com Following the release of the...
Tesla

Former GM Vice Chair says Tesla is “doomed”

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  Tesla’s lack of pricing power is going to lead to its demise, Bob Lutz, former vice chairman of General Motors, told CNBC, two days after the electric automaker briefly topped GM’s market capitalization as the nation’s most valuable vehicle manufacturer. But Lutz, a well-known Tesla skeptic, said Wednesday on CNBC’s “Squawk Alley” that “I […]
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