Elon Musk Is Delighted Tesla Lover Jay Leno Says EVs Are the Future

Billionaire Elon Musk is thrilled that car aficionado Jay Leno is a Tesla lover who’s confident that electric cars are the future of the auto industry.
Elon Musk, Jay LenoElon Musk, Jay Leno

Billionaire Elon Musk is thrilled that car aficionado Jay Leno is a Tesla lover who believes that electric cars are the future. | Source: (i) Frederic J. BROWN / AFP (ii) Photo by Richard Shotwell / Invision / AP, File; Edited by CCN

Billionaire Elon Musk is thrilled that car aficionado Jay Leno is a Tesla lover who’s confident that electric cars are the future of the auto industry.

Musk tweeted his approval of Leno’s prior remarks, when he said that the days of gasoline-fueled cars are coming to an end. “Jay Leno really knows his cars!” Musk gushed.

And @JayLeno really knows cars! https://t.co/QN3x0UzP4v

— Elon Musk (@elonmusk) August 7, 2019

Leno: Tesla is very low-maintenance

Hours earlier, Leno told CNBC (video below) that gasoline-powered cars will eventually be replaced by electric cars.

Leno, the former host of the “Tonight Show,” currently stars on the CNBC show “Jay Leno’s Garage.” Season five of the weekly show premieres on Aug. 28.

Leno is an avid car collector who owns 286 vehicles. Among his favorite is the Tesla, which he bought in 2016.

Leno says what he loves about his Tesla is how low-maintenance is it.

“I have a Tesla. I’ve had it for three years. I’ve never done anything. There’s no fluids to change.”

Leno: ‘There’s almost no reason to have a gas car’

Leno predicts that a child born today “probably has as much chance of driving in a gas car as people today have been driving a car with a stick shift.”

The comedian says gasoline-fueled cars will still be around in the future, but there won’t be many of them because electric cars will render them obsolete.

Leno says Tesla has been successful because it exceeded the market’s expectations of what electric cars can do.

“[Tesla] sort of solved the battery problem. It can go 350 to 400 miles at a charge. There’s no maintenance. They’re faster than the gas car. So there’s almost no reason to have a gas car unless you’re doing long-haul duty.”

Tesla owner Jay Leno praises Elon MuskTesla owner Jay Leno praises Elon Musk
Tesla owner Jay Leno says he loves his Tesla and praised Elon Musk as a pioneer. | Source: screenshot

Leno: The Elon Musk haters are wack

Leno has long been a fan of Tesla CEO Elon Musk. In 2016, Leno said Musk deserved a lot of credit for entering a tough, super-competitive industry as a pioneer in the obscure electric-car market.

Leno also said he didn’t understand why Musk has so many haters since he’s building a high-quality American car in the United States that pays fair wages.

“Here’s a guy building an American car in America using American labor and paying them a union wage. Why are you not rooting for it to be successful? I don’t quite understand that.”

In 2018, Leno featured the Tesla Roadster on his CNBC show. The segment was an immediate hit.

Meanwhile, Elon Musk recently won praise from another Tesla owner for fixing a flaw after it was brought to his attention on Twitter.

As CCN reported, Musk fixed the “Dog Mode” feature after a customer complained that it almost killed his pet. The “Dog Mode” feature regulates the car’s interior temperature to keep unattended pets cool until their owner returns.

Beyond The Bus: Proterra Repackages Its Electric Transit Tech To Power Heavy-Duty Commercial …

… than $500 million from investors including GM Ventures, Daimler and BMW and VCs such as Kleiner Perkins Caufield & Byers, Tao Capital Partners.
PROTERRA-POWERED-SCHOOL-BUS-1

Proterra is working with Daimler’s Thomas Built Buses unit to supply battery-powered models for schools.

Proterra

Proterra, a maker of electric transit buses that may be heading for an IPO, has set up a new division to sell its batteries, motors and other components for use in commercial trucks, sanitation vehicles and a range of heavy-duty models to cash in on growing demand for zero-emission fleets, particularly in California.

The Silicon Valley company’s Proterra Powered unit will work closely with truck manufacturers that want to quickly electrify their lineups as an alternative to traditional diesel-engine versions, Matt Horton, Proterra’s chief commercial officer, told Forbes. Proterra began dipping into this space two years ago, teaming with Daimler on electric school buses and Belgium’s Van Hool on luxury touring coaches, and the new operation will also provide engineering, design and software services, as well as charging systems to keep the vehicles running.

“We’ve been approached by a lot of other vehicle manufacturers that were very interested in electrifying their vehicles as well, who wanted to see if Proterra would be willing to work with them,” Horton said. “Organically we began to do quite a bit of work with some partners and realized just how big the market opportunity was and that the market was ready for these electrification solutions.”

Proterra powered

Proterra Powered commercial vehicles

Proterra

Horton wouldn’t provide revenue targets for the commercial vehicle unit, adding only, “We view this as one of the biggest opportunities out there.” Currently, privately held Proterra’s revenue may be about $200 million this year, based on sales of transit buses built at its factories in Los Angeles and Greenville, South Carolina, each of which costs more than $600,000. Those costs tend to be offset by federal and state incentive programs for clean vehicles and operating costs that Proterra says are lower than for diesel-engine models.

From California to Europe and China, there’s a push to curb diesel exhaust from trucks and buses that causes health problems and contributes to carbon pollution. While Elon Musk has ginned up interest in his futuristic long-range, battery-powered Tesla Semi and startup Nikola is touting hydrogen electric rigs, there’s near-term demand to replace commercial fleets of urban delivery vehicles, those operating at ports or picking up trash in cities, that run on fixed routes and return to a central charging stations daily. Proterra, which employs dozens of former Tesla engineers and executives, has particular expertise in this area from a decade years of working with transit fleets in cities from Honolulu to Los Angeles to Duluth, New York and Washington, D.C.

bus factory

Proterra bus factory opening in suburban Los Angeles in 2017.

Alan Ohnsman via Forbes

The company has raised more than $500 million from investors including GM Ventures, Daimler and BMW and VCs such as Kleiner Perkins Caufield & Byers and Tao Capital Partners. But the addition of Proterra Powered operations comes amid expectations Proterra may be preparing for an initial public offering of shares. The Burlingame, California-based company hired underwriters from investment banks including JPMorgan Chase, Morgan Stanley and Deutsche Bank for an IPO that could happen this year, Reuters reported last month, citing people familiar with the matter.

Neither Horton nor Proterra CEO Ryan Popple, who was a member of Tesla’s finance team when that company went public in 2010, would confirm the IPO plans. Still, Popple told Forbes in a 2016 interview an IPO was possible within a few years, without elaborating.

“Commercial urban fleets are the best use case for EV technology and we are at the beginning of an electrification revolution for heavy-duty vehicles due to declining battery costs, improved electric powertrain technology, lowered maintenance and the immense public health benefits EVs bring to our communities,” Popple said in a statement.

Battery

A Proterra battery pack

Proterra

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Passenger Vehicle Voice Recognition Market Is Ready To Grow Globally With Phenomenal Trend …

… Is Ready To Grow Globally With Phenomenal Trend Diversity By 2024 | Analysis by Fuetrek, VoiceBox, Nuance, Sensory, Iflytek, AMI, LumenVox.

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This report studies the global Passenger Vehicle Voice Recognition Market status and forecast, categorizes the global Passenger Vehicle Voice Recognition Market size (value & volume), revenue (Million USD), product price by manufacturers, type, application, and region. Passenger Vehicle Voice Recognition Market Report by Material, Application, and Geography-Global Forecast to 2024 is an expert and far-reaching research provide details regarding the world’s major provincial economic situations, Concentrating on the principle districts (North America, Europe, and Asia-Pacific) and the fundamental nations (United States, Germany, United Kingdom, Japan, South Korea, and China).

Product Type Coverage:- Single Language Recognition, Multilingual Recognition

Product Application Coverage:- Sedan, SUV, Others

Market Segment by Regions, regional analysis covers

North America

Europe

Asia-Pacific

South America

Middle East and Africa

Table of Contents –

Global Passenger Vehicle Voice Recognition Market Size, Status and Forecast 2024

1 Market Overview

2 Manufacturers Profiles

3 Global Passenger Vehicle Voice Recognition Sales, Revenue, Market Share and Competition by Manufacturer

4 Global Passenger Vehicle Voice Recognition Market Analysis by Regions

5 North America Passenger Vehicle Voice Recognition by Countries

6 Europe Passenger Vehicle Voice Recognition by Countries

7 Asia-Pacific Passenger Vehicle Voice Recognition by Countries

8 South America Passenger Vehicle Voice Recognition by Countries

9 Middle East and Africa Passenger Vehicle Voice Recognition by Countries

10 Global Passenger Vehicle Voice Recognition Market Segment by Type

11 Global Passenger Vehicle Voice Recognition Market Segment by Application

12 Passenger Vehicle Voice Recognition Market Forecast

13 Sales Channel, Distributors, Traders and Dealers

14 Research Findings and Conclusion

15 Appendix

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Overview of the chapters analysing the global Passenger Vehicle Voice Recognition Market in detail:

  • Chapter 1 details the information relating to Passenger Vehicle Voice Recognition introduction, Scope of the product, market overview, Market risks, driving forces of the market, etc
  • Chapter 2 analyses the top manufacturers of the Passenger Vehicle Voice Recognition Market by sales, revenue etc for the Forecast period 2019 to 2024
  • Chapter 3 throws light on the competition landscape amongst the top manufacturers based on sales, revenue, market share etc for the period 2019 to 2024.
  • Chapter 4 analyses the global market by regions and their market share, sales, revenue etc for the period 2019 to 2024.
  • Chapters 5 to 9 analyse the Passenger Vehicle Voice Recognition regions with Passenger Vehicle Voice Recognition countries based on market share, revenue, sales etc.
  • Chapter 10 and 11 contain the information regarding market basis types and application, sales market share, growth rate etc for forecast period 2019 to 2024.
  • Chapter 12 focuses on the market forecast for 2019 to 2024 for the Passenger Vehicle Voice Recognition Market by regions, type and application, sales and revenue.
  • Chapter 13 to 15 contain the details related to sales channels, distributors, traders, dealers, research findings, research findings, and conclusion etc for the Passenger Vehicle Voice Recognition Market.

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Passenger Vehicle Voice Recognition Market 2025 | Details Analysis By Top Key Players …

For the purpose of this study, the report includes major players such as Nuance, VoiceBox, Iflytek, Fuetrek, Sensory, AMI, LumenVox. Sample Report …

A new professional intelligent report published by Stats and Reports with title “Global Passenger Vehicle Voice Recognition Market Report 2025” has the ability to help the decision makers in the most important market in the world that has played a significant important role in making a progressive impact on the global economy. The Global Passenger Vehicle Voice Recognition Market Report presents and showcases a vigorous vision of the global scenario in terms of market size, market potentials and competitive environment. The study is derived from primary and secondary statistical data and consists of qualitative and quantitative analysis of industry and key players. For the purpose of this study, the report includes major players such as Nuance, VoiceBox, Iflytek, Fuetrek, Sensory, AMI, LumenVox.

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Industry Overview of Global Passenger Vehicle Voice Recognition:

To engage or target the Global Passenger Vehicle Voice Recognition Market, this study will provide a comprehensive view. It is important to keep Market knowledge up to date with Applications Sedan, SUV and Others, Product types Single Language Recognition, Multilingual Recognition. If you have other players / manufacturers in your geography, or if you need regional or country-specific report, we can provide customizations based on your requirements.

This research will help you understand the markets or regions or countries that you need to focus on for years to channel efforts and investments to maximize growth and profitability. The report presents an in-depth analysis of key vendors or key players in the Market competitive landscape and Market.

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** We will also include opportunities to utilize in micro Markets that stakeholders can invest in, detailed analysis of key competitors and key services.

Furthermore, the years considered for the study are as follows:

Historical year – 2014-2018

Base year – 2019

Forecast period** – 2019 to 2025

[** unless otherwise stated]

Sub-section of the Market are Listed below:

Product Types of Passenger Vehicle Voice Recognition Market: Single Language Recognition, Multilingual Recognition.

Key Applications/end-users of Global Passenger Vehicle Voice Recognition Market: Sedan, SUV and Others.

Major Companies in the Market are: Nuance, VoiceBox, Iflytek, Fuetrek, Sensory, AMI, LumenVox.

Global Passenger Vehicle Voice Recognition Market by Geography:

• Asia-Pacific (Vietnam, China, Malaysia, Japan, Philippines, Korea, Thailand, India, Indonesia, and Australia)

• Europe (Turkey, Germany, Russia UK, Italy, France, etc.)

• North America (the United States, Mexico, and Canada.)

• South America (Brazil etc.)

• The Middle East and Africa (GCC Countries and Egypt.)

Key features and key features of the report are as follows.

• Passenger Vehicle Voice Recognition Market overview

• Changing Market dynamics of industry

• In-depth Market segmentation by type and application

• Historical, current and planned Market size in terms of quantity and value

• Recent industry trends and developments

• Passenger Vehicle Voice Recognition Competitive landscape of the Market

• Major player and product delivery strategy – Potential growth potential and niche Market / region

• Passenger Vehicle Voice Recognition neutral view on Market performance

• Market holders must have the information to maintain and strengthen their Market share.

Read Full TOC of Research Study at @ https://www.statsandreports.com/report/313960-global-passenger-vehicle-voice-recognition-market-size-status-and-forecast-2019-2025

Key Highlights of TOC:

Chapter 1: Global Passenger Vehicle Voice Recognition Market Industry Overview

1.1 Passenger Vehicle Voice Recognition Industry

1.1.1 Overview Major Enterprise Products

1.2 Passenger Vehicle Voice Recognition Market Segment

1.2.1 Corporate chain

1.2.2 Consumer Distribution

1.3 Pricing and Cost Overview

Chapter Two: Global Passenger Vehicle Voice Recognition Market Demand

2.1 Segment Overview

2.1.1 APPLICATION 1

2.1.2 APPLICATION 2

2.1.3 Other

2.2 Global Passenger Vehicle Voice Recognition Market Size by Demand

2.3 Global Passenger Vehicle Voice Recognition Market Forecast by Demand

Chapter Three: Global Passenger Vehicle Voice Recognition Market by Type

3.1 By Type

3.1.1 TYPE 1

3.1.2 TYPE 2

3.2 Passenger Vehicle Voice Recognition Market Size by Type

3.3 Passenger Vehicle Voice Recognition Market Forecast by Type

Chapter Four: Major Region of Passenger Vehicle Voice Recognition Market

4.1 Global Passenger Vehicle Voice Recognition Sales

4.2 Global Passenger Vehicle Voice Recognition Revenue & Market share

…..

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Key questions answered

• Who are the main competitors in the market and what are the key business plans?

• What are the key concerns of the five forces analysis of the Global Passenger Vehicle Voice Recognition Market?

• What are different prospects and threats faced by the dealers in the Global Passenger Vehicle Voice Recognition Market?

• What are the strengths and weaknesses of the key vendors?

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Tesla’s Solar Business Is a Disaster

When Tesla (NASDAQ: TSLA) acquired SolarCity for $2.6 billion in 2016, it was the U.S.’s biggest residential solar installer by a wide margin.

When Tesla(NASDAQ: TSLA) acquired SolarCity for $2.6 billion in 2016, it was the U.S.’s biggest residential solar installer by a wide margin. Since then, management has laid off workers from the unit, changed its sales strategy, and stood by as competitors took market share from it year after year. After the dismal quarter it just completed — another in a long string of them — it looks like Tesla has now fallen behind Sunrun(NASDAQ: RUN), Vivint Solar(NYSE: VSLR), and SunPower(NASDAQ: SPWR) for market share in residential solar.

The bigger problem is that Tesla may not have any way to recover from this decline. The infrastructure that built SolarCity is gone, and new products that once had promise don’t seem to be anywhere near reality.

Tesla's solar roof that has failed to live up to expectations.Tesla's solar roof that has failed to live up to expectations.
Tesla’s solar roof that has failed to live up to expectations.

Image source: Tesla.

Oh, how the mighty have fallen

In the first quarter of 2019, Tesla installed 29 megawatts (MW) of solar, which was down 65% from a year earlier, and nearly 90% off its single-quarter peak of 258 MW, set in 2015. It’s also less than what Sunrun (86.2 MW), Vivint (45.6 MW), and SunPower (52 MW) installed in the quarter. (None of them have released their Q2 2019 reports yet.)

That steep drop came at the same time as Tesla slashed the cost of its solar products to less than $2 per watt (after tax benefits) and moved its sales to an online model. The theory was that customers would flock to buy via the website due to the lower cost, but the that’s not what’s happening. As it turns out, residential solar system sales are moved more by installers pushing them door-to-door than they are pulled by consumers demanding green energy.

Where are the new products?

Investors didn’t expect Tesla’s residential solar business would turn out this way. In 2016, the company announced a solar roof that promised to change the business forever by integrating solar cells into roofing tiles. It was arguably the most innovative product ever introduced in the solar industry, but its unveiling by Elon Musk seems to have been the high point in its life cycle. Today, the solar roof is little more than an afterthought for Tesla.

A more incremental innovation of high-efficiency solar panels that tied seamlessly into the home were supposed to make the company’s offerings more appealing. That doesn’t appear to be moving the needle either.

Finally, the Powerwall doesn’t seem to have done anything to help the solar business. Tesla has in the past asserted that EVs, energy storage, and solar belonged together, and predicted that customers would buy all three at once. The company’s energy storage business is booming, driven by growth in utility and commercial scale projects, but its residential Powerwall isn’t helping drive solar system sales at all. In short, the case for a fully integrated renewable energy company seems to have been debunked.

Where does Tesla solar go from here?

Musk and Tesla may not be officially giving up on solar energy yet, but they might as well at this point. Solar has shrunk to a tiny portion of the company, and it’s probably more of a headache than a value-adding business at this point. Given the fact that three competitors now have a larger market share, it may be time to move on.

Tesla could potentially sell its manufacturing facilities and technology to competitors. A premium solar supplier like SunPower might be interested in the solar roof technology, although there probably isn’t much financial value to the product, given how little traction it has found in the market.

The installation business and the portfolio of solar assets still on Tesla’s balance sheet would also have value, potentially for a company like Sunrun or Vivint Solar.

Finally, Powerwall could be the biggest beneficiary if Tesla got out of solar. It is arguably a best-in-class product, but competitors are no doubt reluctant to promote to their customers the idea of using an energy storage system and inverter made by a rival. However, if Tesla shuttered its solar business, it could partner with multiple installers on energy storage.

Tesla has proven that it has no future in solar manufacturing and installation. It’s time investors recognize that reality.

More From The Motley Fool

Travis Hoium owns shares of SunPower. The Motley Fool owns shares of and recommends Tesla. The Motley Fool has a disclosure policy.

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