BMW’s New EV’s are Tesla (NASDAQ:TSLA) Killers
Tesla Motors (NASDAQ: SLA) continues to struggle with production and with concerns about how it can fulfill (if ever) the orders for its Model 3.
BMW has joined the other leading automobile manufactures to pressure Tesla’s market share and become the leader in electric car technology and sales.
BMW has 2 cars for sale that have begun the process of killing of Tesla. And it is aggressively promoting its new BMW 330e, which gets 72 mpg gasoline equivalent.
The BMW i3 shares some things in common with the Model 3. The Big exception is that a buyer can get a i3 now. The Model 3 will be priced at about $35,000, the i3 sells for $42,000.
Plus, the i3 carries the BMW performance heritage: The i3 is 1 of the fastest BMWs off the line. Its incredibly responsive acceleration is felt immediately from a standstill with 184 lb-ft of pin-you-to-the-back-of-your-seat torque4 making for an exhilarating and exceedingly fun ride, this EV is a BMW it works as advertised with no hype or Muskish excuses.
Its only weakness is that it gets just 81 miles per charge, less than 50% of most Teslas, count on that being sorted out soonest.
The i8, which costs considerably more, is up against the very limited production Tesla Model S P85D, which will go 0 to 60 in 3.2 secs, which makes it one of the fastest production cars in the world.
The BMW i8 costs $140,700 and is a performance monster, but a bit slower off the line than the Model S, but the i8 does have advantages
As a plug-in hybrid, the BMW i8 combines an electric motor with a combustion engine for unparalleled power and performance. Launching from 0 to 60 mph in 4.2 secs, this vehicle is as efficient as it is dynamic.
The all-electric motor is situated on the front axle, while the TwinPower Turbo 3-cylinder engine drives the rear axle. When combined, these two elements deliver an innovative all-wheel drive sports car with a total system output of 357 horsepower, 420 lb-ft of torque as well as an added electrical boost inherent to eDrive vehicles.
Further, the i8 is a BMW, with a huge dealer service network if anything goes wrong. BMW has been in the automotive business for decades. It does not have to wait for a Gigafactory to be complete, as is the case with Tesla.
Tesla only has a year or two to show it can dominate the electric car market. BMW, MBZ and Volkswagen, the most advanced car companies in the word is stalking Tesla, expect them to Kill the brash “rentier” upstart.
Tesla speculators beware…
|NASDAQ:TSLA||225.59||15 August 2016||-0.02||226.02||229.5||224.93||2,016,800|
|HeffX-LTN Analysis for TSLA:||Overall||Short||Intermediate||Long|
|Neutral (0.19)||Bullish (0.28)||Neutral (0.02)||Bullish (0.28)|
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