Important Innovations

  Driving Sales to Reach 500,000 Vehicle Sales Target                                                  Source: Tesla Model S Model S in US and China Days after reporting a record quarter for car sales, Tesla is now cutting the price of the long range, Model S by 4%.  That brings the price of the electric sedan down to $71,990 from $74,990 in the US.  Tesla also trimmed the price of the Model S by 3% in China.  Earlier this month, Tesla cut the starting price of China-made Model 3 sedans by 8% to $36,805. Elon Musk's Targets for Tesla At a recent annual Shareholders' Meeting, Musk forecasted that Tesla's 2020 deliveries will increase between 30 and 40%.  That equals 477,250 to 514,500 vehicles delivered in the year 2020. Cutting the price on top vehicles is designed to increase sales. Musk wants Tesla to have eventual production of 20 million vehicles a year, which would make Tesla the world's largest automaker.

World's Fastest E-Sportscar, E-Cybertruck and More EVs Source:  Tesla Roadster Electric Sports Car Diversifying and Expanding Model Lineup 2020 is proving to be a great year for Tesla and CEO Elon Musk.  The share price has soared and catapulted Tesla to the world's 2nd most valuable automaker, only behind Toyota.  What is billionaire entrepreneur CEO Elon Musk doing to sustain this?  He's creating buzz and excitement with new models like the Tesla Roadster, expanding his model offerings to include pickup trucks and smaller, less expensive SUVs, and looking to bring on more affordable electric cars to widen his global customer base. Tesla Roadster Musk calls his Tesla Roadster the "fastest car in the world". It's  expected to roll-out in 2020 or 2021.  It's a 4 seater sports car that can go from 0 to 97 mph in 1.9 seconds, which is quicker than quick.  The top speed is 250 mph, the battery range is reported to be a huge 620 miles

BMW's Electric Future: Expanding EV Lineup Source:  BMW iX3 Rapidly Expanding Production For BMW, the future of mobility is electric and the future is now.  The global automotive leader has big electric plans.  Right now, it has 12 electric vehicle models, including the new BMW 330e, the BMW X5xDrive45e, the BMW X3xDrive30e - all plug-in hybrids, along with the all-electric Mini Cooper SE.  In 2020, they'll be joined by the all-electric BMWiX3 and the BMWX1 plug-in hybrid. By 2030, 50% of BMWs Sold Will Be Electric Vehicles BMW plans on having 25 electric models by 20023, more than half of which will be all electric.  By 2021, the company estimates 25% of all BMWs sold in Europe will be electric, 33% by 2025 and 50% by 2030. EV Demand to Double in 2020 Based on these new projections, BMW is significantly ramping up production.  It's more than doubling its staff at its global Center of Excellence for Electric Mobility in Dingolfing, Bavaria. BMW p