At Tesla, we aspire to operate on the principles of hard work and exceptional performance, but always tempered by fairness, justice and kindness. There are times when mistakes are made, but those are the standards to which we hold ourselves. With respect to the person at the center of this weekend’s article in the Mercury News, those standards were not met. We are taking action to address this individual's situation and to put in place additional oversight to ensure that our workplace rules are followed even by sub-subcontractors to prevent such a thing from happening again.
Air pollution has a significant and pervasive impact on public health. According to the World Health Organization, it is now considered "the world's largest single environmental health risk," with more than three million people dying every year as a result. This is more than twice the number of people that die in vehicle accidents each year.
A week ago, we started taking reservations for Model 3, and the excitement has been incredible. We’ve now received more than 325,000 reservations, which corresponds to about $14 billion in implied future sales, making this the single biggest one-week launch of any product ever. This interest has spread completely organically. Unlike other major product launches, we haven’t advertised or paid for any endorsements.
Along with the excitement and anticipation for Model 3, we know everyone has a few questions. Here are the details so that you know what to expect both on March 31st when reservations open and in the months ahead before you take delivery of your Model 3.
Tesla's commitment to developing and refining the technologies to enable self-driving capability is a core part of our mission. In October of last year we started equipping Model S with hardware to allow for the incremental introduction of self-driving technology: a forward radar, a forward-looking camera, 12 long-range ultrasonic sensors positioned to sense 16 feet around the car in every direction at all speeds, and a high-precision digitally-controlled electric assist braking system. Today's Tesla Version 7.0 software release allows those tools to deliver a range of new active safety and convenience features, designed to work in conjunction with the automated driving capabilities already offered in Model S.
Last Friday at approximately 11:50 am, a Tesla safety manager received a complaint about two trespassers taking pictures at the Gigafactory. The Tesla employee requested assistance and the Storey County Sheriff’s department was alerted.
Attempting to directly correlate horsepower ratings in petroleum burning vehicles to horsepower in an electric vehicle is a difficult challenge. The physics of an electric vehicle propulsion system are very different from a gasoline one. In an EV, electrochemical reactions in the lithium ion cells create electricity. That electricity flows through power electronics that control the voltage and current, then it flows to electromagnets in the motor that create powerful magnetic fields rotating the shaft to turn the wheels. The power required to rotate this shaft has the most correlation to traditional measures of horsepower. However, the chain actually begins in the electrochemical reactions that happen in the battery pack. Depending on the battery's temperature, state of charge and age, the amount of electricity extracted can vary widely.
Today, we are introducing the Model S 70D, an all-wheel drive electric car with a 0-60 time of 5.2 seconds and a 240 mile range at 65 mph.
Even at a starting price of $75k, the Model S 70D offers a broad and compelling set of features. Moreover, when one factors in the cost advantages over an internal combustion engine vehicle, including fuel savings and incentives, the actual cost of owning Model S 70D comes to about $55k over five years (the average length of new car ownership).
Last week Tesla reached a milestone of 2,000 Superchargers worldwide, located at almost 400 Supercharger Stations in North America, Europe, Asia, and Australia. Tesla Superchargers enable free long distance electric driving across the United States, and up and down the West and East Coasts. They connect the United Kingdom to continental Europe and stretch from the south of France to northern Norway, far up into the Arctic Circle. In China, Superchargers link major cities along the coast, and we recently opened Supercharger stations in Japan and Australia.