Bentley's CEO of North and South America reveals the biggest way millennials are different than older customers
Millennials care more than older customers about the origins of the products they buy and their environmental impact, Christophe Georges, the CEO of Bentley's Americas division, said in an interview with Business Insider. Each of Bentley's vehicles will have a hybrid option by 2023, and the luxury automaker plans to release its first fully-electric vehicle in 2025. Bentley's factory in Crewe, England, receives all of its electricity from renewable sources. "We want to be the most sustainable luxury manufacturer in the world," Georges said. Visit Business Insider's homepage for more stories.
- 's stores and charging stations have distinguished the electric-car maker from its competitors, who outsource sales to third-party dealerships and have not yet built an electric-vehicle charging network that rivals 's.
- Those bets have made Tesla's customers happy, according to a survey by of almost 5,000 sedan owners.
- Three-quarters of respondents said they were very satisfied with the process of buying their vehicle from Tesla, relative to the process of buying from a traditional dealership.
- And over 60% of respondents said they were very satisfied with the availability, price, and speed of Tesla's Supercharger stations.
Tesla's stores and charging stations have distinguished the electric-car maker from its competitors, who outsource sales to third-party dealerships and have not yet built an electric-vehicle charging network that rivals Tesla's. Those bets have made Tesla's customers happy, according to a survey byof almost 5,000 Model 3 sedan owners.
Tesla short-sellers lost $1.4 billion after the company reported a surprise profit — erasing 70% of their gains for the year
Traders betting against Tesla got crushed Thursday morning after the electric-car manufacturer reported a surprise earnings beat on Wednesday. According to data from financial-analytics provider S3 Partners, Tesla short-sellers absorbed $US1.4 billion in mark-to-market losses after shares rallied as much as than 20%. The gains wiped out close to 70% of Tesla short-sellers' profits for the year, S3 wrote in a research note Thursday.Watch Tesla trade live on Markets Insider.Traders betting against Tesla got clobbered Thursday after the company posted an unexpected profit for the third quarter.
Three-quarters of respondents said they were very satisfied with the process of buying their vehicle from Tesla, relative to the process of buying from a traditional dealership. And over 60% of respondents said they were very satisfied with the availability, price, and speed of Tesla's Supercharger stations.
Vertical integration is expensive, especially for a company without theheld by traditional automakers. But Tesla has sought to control as many parts of the customer experience as possible, betting that it can perform many functions better than the companies it would otherwise rely on to handle areas like sales, service, and fuelling stations.
Tesla's history ofillustrates the difficulty of starting several different lines of business before any have become consistently profitable, but Bloomberg's survey indicates that Tesla's sales and charging-station businesses have had a positive impact on customer satisfaction.
Jaden Smith asked Elon Musk for advice on starting a company. Musk was shocked when Smith said he wanted to sell water.
Jaden Smith asked Elon Musk for advice on starting a company, Musk said in a June 1 deposition. The transcript of the deposition was obtained by PlainSite, an organisation that advocates for transparency in the US judicial system. When Smith told him he intended to sell water, Musk was incredulous. Smith's company, Just Goods, which he cofounded with Drew FitzGerald, sells water bottles made mostly from paper and plant-based plastic.
Tesla's stores received a score of 4.34 points out of 5 from survey respondents, with North American customers giving a higher rating (4.39) than European and Asian customers (3.95).
Between three metrics (availability, affordability, and speed), Tesla's Supercharger stations received an average score of 4.52, though customers who relied primarily on Supercharger stations for their charging needs (rather than charging at home or work) gave their Model 3 a "charging convenience" score of 3.91, relative to the ease of refuelling a gas-powered car.
The speed and availability of charging stations is one of thepreventing wider adoption of electric vehicles. Electric-vehicle owners with a garage can charge at home, but long trips often require a charge away from home. While the number of charging stations is , there are in the US now, compared with gas stations. Tesla has more than 1,600 Supercharger stations worldwide, according to its .
Elon Musk called the lawyer who interviewed him for a Tesla shareholder lawsuit 'a bad human being' and other insults during a bizarre deposition
Tesla CEOElon Musk repeatedly expressed his frustration with a lawyer interviewing him during a June 1 deposition, calling him "a shameful person" and other insults."You seem like a very, very bad person. Just a bad human being," Musk said to Randall Baron. "And I hope you come to regret your actions in the future, but you probably won't. And that's sad.
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Read Bloomberg's full survey.
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The demise of the car key: Tesla, Lincoln lead auto industry in ditching keys for mobile entry .
Key fobs and emerging virtual, or digital, keys are increasingly making traditional metal car keys obsolete. Tesla was the first to ditch metal keys for its Model 3, followed by a similar move by Lincoln.The change, which has accelerated in recent years, means more convenience and safety for drivers but also ends the age-old tradition of teenagers receiving their first car and feeling the engine turnover for the first time. Keyless cars also come with their own unique challenges.