Tesla Motors to Ramp up Production of its Model 3 Electric Car to Meet Growing Demands

The Mode 3 of Tesla Motors is a new venture in electric car, and may come at an affordable price, for which hundreds of people are already lining up to reserve a purchase sport. The beginning cost of the vehicle is $35,000 that is said to be without state and federal government incentives. As per market research reports, it is definitely a lot cheaper by half the cost of previous models launched by Tesla. The CEO, Elon Musk says there are positive future prospects in electric vehicles (EV) for automotive industry.

This California-based giant is now full with only few vehicles on road unlike General Motors and Ford. But, Model 3 of Tesla has huge scope in the market. The production is set closer to the end of 2017 year. Here are 6 things that will inform you better about this budget-friendly electric car, which you can plug to your wall.

·         Base model cost of the car is $35,000 (USD).

·         It can accommodate five adults seating.

·         Acceleration rate will be 0 to 100 km/h in less than 6 seconds.

·         Front and back trunks available.

·         Autopilot capacities for ease of drivers.

·         Travel capability of 345 kilometers per charge.

Charging Points to Fuel the Vehicle

The company has also released the look of the vehicle, so we get the idea that road trips would be much funnier and adventurous with EV. On a full battery, Model 3 can give a run to its competitors for the traveling distance. People will be able to drive back from home to work and perform daily errands in a jiffy without having to re-charge the battery again and again. The charging mechanism would be simply, a plug inserted on the wall, no noise and no pollution.

People can handle a day’s drive for regular routine in Model 3, and they can always route to ‘Superchargers’ station for feeding the car with electric fuel.  As per the SWOT analysis, Tesla will hold the advantage of hosting free-of-cost power stations across various regions of the world, which can perk the car within minutes that is 40 minutes of drive on 80 percent charge and 75 minutes of road journey on 100 percent charge.

Grand Features and Mileage Facts

In Canada there are 17 such power stations compared to 9 and 8 for Alberta, B.C. and Ontario, Quebec respectively. There would be addition to these supercharging points in 2016. As per analysis, trips from Toronto to Montreal or Vancouver to Calgary can be done in one day. As there is hundreds of charging sports spread over the U.S. traveling from coast to coast will be easier if heading south to the border.

Tesla Mode 3 has some awe-inspiring features:

Clean Air Inside: The EV can go Bioweapon Defense Mode, as it will be packed with air filtration system, which can eliminate air pollutants. The system engages complex mechanism with high concentration of airway particulate element. After two minutes from engaging this facility, the air quality in the vehicle became breathable and good from being hazardous. The methodology will scrub away 40 percent of external pollution from reaching the car.

Faster Acceleration: The electric car will also have option facility named ‘Ludicrous Mode’, which will allow the vehicle to accelerate faster than available Tesla models or at the same level. However, it may increase the cost, but decrease travel time by 10 to 60 percent. So, if anyone wants to navigate faster on a non-busy road, then Tesla Motors has got the right thing to offer.

Revenues and Losses in Question

The EV giant will also earn great revenues from the car, with a week of preorder reserve amounting 1,000, and above $300 million cash already, not forgetting 325,000 people who have already pre-ordered the vehicle. If the base models are followed, then each will cost $42,000 USD, grossing more sales more than $11 billion pretty soon. However, profit-making is not the concept of the automaker, who says it took a decade to first run into quarterly profit, as the firm loses $4,000 on every car.

A lot of money the company earned from selling their Model X and Model S were reinvested in Gigafactory in Nevada project, which in 2013 produced more lithium ion batteries than what is manufactured worldwide. But, Tesla Motors are gung-ho about increasing their EV production fivefold to satisfy their customers.

The Arrival of Model 3 into Market

The car will hit the market in 2017, though people are already allowed to pre-order the vehicle. This holds true for early orders only, and for others, it can be until 2018 or end of this decade until the delivery is made. The company is escalating the production by half a million per year by the 2018. However, the goal seems to be big for Tesla Motors, who churned out only 50, 000 vehicles in the year of 2015. So, if anyone wants to ride this fantastic car, they better hurry and pre-order it soon.

7 Astounding Ways Technology has Revolutionized Market Research

Collecting information from sources and people has become the easiest task. The same was a time-taking process in traditional era, when to communicate; we had to wait for days and hours together. But, with technology, contacting others is a piece of cake. With boom of internet, electronic devices, and advanced analytics software, improvements are seen not only among common mass day-to-day life, but also the way companies function, especially market research firms.

Today, revolutionized techniques are used to obtain data for quantitative and quality research. These help in forming best strategies to optimize businesses. Be it a simple email, a telephonic call, text message, dropping customer feedback to speaking with industry experts, technology has changed the face of communication and research methods utilized for commerce. Here are 4 major ways how marketresearch technology is shaping businesses.

Accountable Data Collection and Analysis

New software prepared to collect and analyze data is flooding market. Now, organizations can look beyond traditional techniques such as interviews, focus groups, and paper surveys etc. With internet and other technologies (mobile communication), the researches can be surer about type of industry analysis tools, targeted audience in receiving quality feedback. Powerful data calculation and collection methods are helping to save on time, investments, increase market share, and understand consumers much better.

Social Media Taps Unfiltered Feedback

People of every age and business are present on one or the other social media platforms like Facebook, Twitter, Goggle+, LinkedIn etc. A large amount of market research data can be procured from these sources regarding customer responses, noting their experiencing and views about a company product or services. These platforms are excellent for creating campaigns, brand awareness, and reputation management. A complete monitoring of social media channels for a company can grant it enhanced ideas for SWOT, and future strategies.

Real Time Results in Seconds

We can know about consumers view in a matter of few seconds. Tools like Google analytics and others assist in observing demographical and segment wise customer behavior, happening in real time. With such market research technology, it has become effortless for companies to keep a track of what customers want, need, and improve upon factors, which the organization lacks. Also, this has bettered possibilities to speed the supply, and fulfill required demands of the audience.

Enhanced Customer Relations and Management

Earlier with traditional means scrutinizing consumers’ needs was a tidbit a difficult job, which required huge investment in manual labor for industry analysis. With advent of technology, companies can reach customers faster, and provide them class facilities/offers etc. This has eased management of researches, market flow etc. inputting greatly in business profits, and its life cycle.

Cross-platform for Launching Campaigns

The agencies will deploy resources on the internet and new software that will help introduce new campaigns and strategies to a larger audience. There would be tools designed to analyze what people think of their products and services, without having to physically visit each and know about their responses. Moreover, the companies will tap more such platforms and partner with other competitors to enhance their technological skill by providing some value benefit to each other.

Getting People to Engage Promptly

Brands will progress hugely with popularity gained by customers engaging in the offerings. This will be achieved by novel technologies prompting consumers to perform a certain action, be it related to sales, purchases, information etc. This will aid researchers in garnering more feedback, while increasing the amount of hot leads, which can be pursued to close the deal.

Sensory Inputs to Track Behaviors

As discussed, devices and technology to crack what people feel would be of greater stress in the future and even present. Sensory inputs of the customers will allow researchers to know what the audience perceives about particular competition, product, or services. This can have a great impact on a business. The company will be able to understand how to shape their strategies aligned to the responses.