By: Daniel W. Schmitt, Tesla Motors LLCThe Tesla Motors Inc. Model S sedan, Tesla Model S P90D electric car and Tesla Model X SUV are seen at a car show in Hawthorne, Calif., on Thursday, Jan. 20, 2017.
(John Storey/Bloomberg News) Tesla Motors’ $5,000 electric sedan is the company’s first fully electric vehicle and the second-largest-selling electric car in the United States.
Tesla’s success will have a significant impact on other automakers that are developing electric vehicles.
Here are the big news items that could shape the future of the car business in the U.S. and the world.
Tesla, which plans to open a factory in California, is poised to launch its Model S, a sedan that is poised for a strong second quarter in the world, as well as a fleet of electric vehicles that will power a new segment of cars.
The Model S has been the company in a tight race for market share, winning customers with the Model S SUV, which has a range of up to 200 miles.
The Tesla Model Y sedan, which will be available in 2018, will be the first fully autonomous car.
Tesla has long touted its ability to compete in a crowded market, especially in the luxury car market.
While the Model 3, its next-generation sedan, is not yet available, Tesla is betting that consumers will be willing to pay a premium for a vehicle with an autonomous driving capability.
Tesla also is betting on electric vehicles to compete with traditional combustion engines, which are prone to overuse and poor fuel economy.
That could be particularly true in the market for luxury cars, where traditional gas-powered engines cost a premium.
Tesla is a major player in the lithium-ion battery business, which it plans to enter as early as 2021, but it is the second largest battery producer in the country.
Its lithium-sulfur battery packs are expected to have a 20% to 30% capacity improvement over existing batteries, and it has been making advances to produce a higher-capacity battery in its lithium-air cells.
In its most recent financial report, Tesla said it is working with the National Highway Traffic Safety Administration to test its lithium ion batteries for a crash-avoidance feature.
The company plans to use an onboard camera to detect the impact of an accident.
Tesla said the Model X crossover, which is a smaller SUV that will debut in 2018 and compete with other luxury sedans, is set to go on sale later this year.
It is a hybrid crossover with the same range as the Model 2, and will be equipped with a four-cylinder, 6.2-liter V6 engine that produces 531 horsepower.
The company said it plans an electric vehicle with a range similar to the Model Y, which currently has a gasoline engine, but the Model Z, due in 2018 or 2019, will use the lithium ion battery technology that Tesla has developed.
The car will be more fuel efficient than a gasoline car, according to Tesla.
The U.K. government has announced that it will require all cars sold in England and Wales to be equipped by 2020 with a collision-avoiding braking system, including lane-keeping assist.
The system will be activated when a vehicle is struck by another vehicle.