AUTO-MOTORING (NEWS) · TECHNOLOGY

[AUTONEWS UPDATE] TESLA IS 2016 GREEN CAR OF THE YEAR.

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  The Tesla Model X has taken the win for 2016.The brand-new SUV has also been dubbed the Reader’s Choice Luxury Utility Vehicle of the Year.
      Getting  a  lot  of  attention  for  its futuristic falcon doors, the all-electric SUV’s P90 model is also able to drive up to 257 miles on a single charge and will return 92 mpge (miles per gallon equivalent) combined. The standard P90 Model X can also accelerate to 60 mph in 4.8 seconds, all without burning a single drop of gas.
The Tesla Model X got more votes than the Chevrolet Volt, Smart fortwo, Toyota Prius, and Toyota Mirai in this category.
Ford took home two wins: The Shelby GT350 took home Car of the Year, and the Ford Edge was awarded Utility Vehicle of the Year. Chevrolet also took home two Reader’s Choice wins for the Chevrolet Colorado Diesel as the Truck of the Year, and the Chevrolet Corvette Z06 as Sports Car of the Year. Tesla’s Model X took home two wins for the Luxury Utility Vehicle of the Year and the Green Car of the Year. The Jaguar XF rounds out the 2016 Reader’s Choice awards as the Luxury Car of the Year.

    Few  weeks  back, the  American automaker announced a non-GAAP revenue of $1.24 billion and non-GAAP loss per share of $0.58 ($75 million) for the third quarter of 2015. But as a young company, losses are expected with Tesla especially during a quarter that it launched the Model X crossover and is currently building the Gigafactory in Nevada. But in order to cut cost and maximize profit margins Teslas for the rest of the world will continue to be built in California however the company says it will be working with a local Chinese manufacturer, which has not yet been named, to build the compact electric sedan for buyers in the country. It is being reported that this move will cut the cost of a Model 3 for Chinese consumers by 30 percent and will make it easier to buy and register.

Compiled, edited and posted by:
@djshyluckjimmy (twitter/Snapchat) Jimmyadesanya (Facebook.com/LinkedIn)

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