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Tesla Model X to outsell Model S, 'devour' premium SUV market

It's still about a year away, but the arrival of the Tesla Model X is already expected to have a major impact on the premium SUV market. According to Morgan Stanley, the all-electric Model X, Tesla's third model following the Roadster and Model S sedan, is "ready to feast" on the current crop of high-end SUVs.
Not only does Morgan Stanley expect the Model X to do well against other vehicles in its class, it's expecting the new SUV to even outpace the critically acclaimed Model S, with the X accounting for a larger share of sales by the end of 2016. The sales boost provided by the Model X should also contribute to a healthy jump in Tesla's current $250 stock price. MS is expecting Tesla shares to hit about $320, and has called it a "top pick in US autos," according to The Los Angeles Times.
As for how Morgan Stanley is expecting such strong results for a car that literally no one outside of Tesla has driven, it cites Elon Musk's company's increased access to both money and technological expertise relative to the Model S project. The firm also points to Tesla's larger investments in the Model X project so far.

Recharge Wrap-up: Toyota i-Road and COMS in France, Tesla tours Northeast, EV attitudes in UK

Toyota's i-ROAD and COMS teeny, tiny, city EVs are joining the Citelib carsharing fleet in Grenoble, France. The ultra-compact EVs, which will become available in October, are meant to supplement the Grenoble metropolitan area's existing public transit infrastructure, which includes trams, buses and trains. Toyota's i-ROAD and COMS will be connected to the transit systems IT infrastructure, allowing users to visualize their route on their smartphone or computer, and reserve and pay for their car before they get dropped off near the charging station (or the other way around). Then, the user finishes (or begins) their trip with one of the EVs. Surveys show that use of public transport is increasing in Europe, but most users still have to walk 15 minutes or so to reach their destination. Adding the i-ROAD and COMS carsharing service to their commute makes the trip into the city center quicker and more flexible, while keeping the air clean. See more below. Toyota is providing 70 vehicles to the Citelib program as part of a three-year test, while French energy company EDF is contributing 30 charging stations to the project. The i-ROAD is a three-wheeled EV that seats two people, and it features Active Lean technology for stability and comfort in the corners. Its footprint is about one-fourth that of a regular car. The four-wheeled COMS EV seats one, but also features a small storage compartment in the rear. The Tesla Model S is going on tour throughout the Northeastern US to give test drives to the public. Beginning July 4 in Montauk, NY, and ending August 30 in Vergennes, VT, people will get the chance to take a 15-minute spin in what many consider to be the best electric car available as part of Tesla's Fully Charged tour. If you live in New York, New Jersey, Massachusetts, Maine, Connecticut, New Hampshire or Vermont, the Model S may be coming to a town near you (check the schedule here) and you'll get the chance to drive the car with a product specialist in the passenger seat to answer your questions. You can even bring up to three guests in the back seat. So if you live in one of the states where Tesla can't sell cars or doesn't have a store, this is your chance to get to know the vehicle and decide if you want to buy one. Or you can just see what it feels like to silently go from 0-60 in 4.2 seconds (hint: it's pretty cool). A UK Survey shows five percent of people there are considering buying an electric vehicle.

More speculation about Tesla Gigafactory announcement

Should we all be laying our chips down on Nevada for Tesla's proposed Gigafactory? At least a few news sources are saying yes, though another says there's a remote chance of a San Francisco Bay Area site getting the nod. Real remote. The frontrunner appears to be the Tahoe-Reno Industrial Center, which is about 20 miles east of Reno proper and includes warehousing sites for Walmart, Dell and Petsmart, Transport Evolved says. Compared to other states in the running, Nevada has the advantages of lower taxes, lots of cheap real estate and some lithium-mining capabilities, while the specific site has very good highway and rail access. There's also already a li-ion company there, Dragonfly Energy. Feeding that belief is the sight of about 50 earthmoving trucks recently spotted at that site, says ValueWalk, Greentech Media and Jalopnik, in addition to Transport Evolved. But then we heard that the site had been shut down. Nobody involved is giving any clues, but the site is plenty big enough for a $5 billion, 10-million-square-foot plant that would support about 6,500 jobs. Meanwhile, Tesla may also be considering the former Concord Naval Weapons Station about 35 miles northeast of San Francisco and 45 miles north of Tesla's Fremont headquarters, says KTVU, the NBC affiliate for the San Francisco Bay Area. The problem is that's a Superfund site in need of some remediation. But that sort of cleaning project could be a good fit for a company focused on "clean" energy. Tesla is, of course, declining to comment. Tesla CEO Elon Musk said early last month that it was in "quite advanced" stages of planning for the plant, or perhaps two plants, and that the company was meeting on a daily basis with partner and battery-supplier Panasonic. The company is expected to officially announce the location of the Gigafactory later this year, and it could be up and running by the end of 2016.