Tesla Motors Inc (TSLA) Seeks $106M Tax Relief, Porsche Slams Ludicrous Mode
http://learnbonds.com/129496/...-relief-porsche-slams-ludicrous-mode/
"Now, the firm is asking California for tax breaks of $106M towards its goal of building a mass-market EV. Elon Musk and the management team had expected to record between 100k and 200k reservations for the Model 3 but the firm now has close to 400K preorders for the car."
"Tesla needs all the help it can get
Tesla Motors (NASDAQ:TSLA) is out seeking tax breaks again and it wont be long before critics start shouting that Elon Musk is a billionaire welfare king. In the next couple of hours, Tesla bears, shorts, and critics will be out screaming blue murder. However, it is worthy of note that the firm would pay back with thousands well-paying jobs."
"Porsche engineers throw shade at Tesla
In other news, an engineer at Porsche has said that Tesla Motors (NASDAQ:TSLA) should eat the humble pie and stop boasting about the Ludicrous Mode in its cars. Ludicrous Mode is an upgrade that allows Teslas Model S to go from 0 to 60 mph is an incredible 2.8 seconds. Porsche is working on a Mission E electric car, and its engineers believe that the Mission E is the perfect example of performance in EVs and that Ludicrous Mode is a sham.
The Porsche engineer noted that The thing about [Teslas] Ludicrous mode is that its a façade
Two launches saps the whole battery. That wont be the case with the Mission E. Youll be able to run it hard, over and over; the battery will not overheat, the power control module will not overheat, and the seats will not suck.
What the engineer is saying in essence is that Ludicrous Mode is not a consistent performance feature because you cant launch ludicrous more than 2 times before you sap the battery. Ludicrous Mode seems to work like nitro booster in car races except that you can only use it twice. A benchmark test by Car & Driver also noted that Teslas maximum acceleration is available only when the batterys state of charge is above 95 percent and max battery performance mode is set on the control screen.