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Monthly Archives: July 2017

Model 3 review roundup: Tesla’s $35000 car lives up to the hype

After years of speculation, intrigue, and a seemingly endless stream of rumors, Tesla’s highly anticipated Model 3 is finally here. Impressively — and perhaps somewhat surprisingly — Tesla actually managed to begin early deliveries of its £35,000 car on time, a welcome change of pace given the delays that plagued both the Model S and the Model X. What makes the Model 3 launch all the more interesting is that it’s long been the linchpin in Tesla’s overarching business plan.

In fact, Tesla’s plans to release an affordable EV for the masses was originally laid out more than 10 years ago when Elon Musk penned the first installment of Tesla’s “Secret Master Plan.” Therein, Musk said that Tesla was going to build a sports car in order to fund what would ultimately become the Model S. Following that, Musk explained that profits from the Model S (which didn’t officially have a name, at the time) would be used to design and manufacture an even more affordable EV that would ultimately be known as the Model 3. Musk’s master plan reads in part:

So, in short, the master plan is:

Build sports car
Use that money to build an affordable car
Use that money to build an even more affordable car
While doing above, also provide zero emission electric power generation options
Don’t tell anyone.

Almost 11 years later to the day, Musk’s master plan has played out almost exactly as Musk envisioned, a remarkable feat to say the least. Sure, the Model S was delayed, and sure, a Model X was added into the mix, but the Model 3 is now official and in the hands of early reservation holders. Alongside the Model 3 release bonanza, some select outlets were given opportunities to take Tesla’s new EV for a test spin.

And lest you thought that the Model 3 was all hype, the early reviews we’ve seen thus far suggest that the EV revolution is about to kick into high-gear. Below are a few choice excerpts from some of the early reviews. Tom Randall of Bloomberg[1] came away very impressed and added that companies like BMW should be worried.

The car doesn’t have a key, or a key fob.

Instead it syncs to your phone through a bluetooth connection and will automatically unlock as you approach. The backup in case your phone dies or you need to hand it off to a valet is a thin key card that you can keep in your wallet. Swipe it on the car’s B pillar to unlock it, and place it on the center console to turn the car on.

Tesla is getting better at building cars. Unlike early versions of the Model S and X, the Model 3 is built to be a daily driver, with plenty of cupholders, door pockets, and console storage.

The materials of the arm rests and doors feel ready for abuse. And the stitched synthetic material used for the premium seats is different than leather, but not inferior.

MotorTrend relays[2] that any concerns about legroom are completely overblown:

Tesla worked hard to increase interior space, and subjectively it succeeded. For a compact car, the Model 3 feels incredibly light and airy.

The dash is pulled ahead and pressed down, but cleverly, the touchscreen is apart from that, close to your right hand. (It was embedded into the Model S’ dash, constraining them to be equidistant.) The Tesla Model 3 has a trunk opening instead of a Model S-like hatch to delete the hatch-required crossmember, which shaves rear headroom. The prototype’s trunk opening was criticized as too small; now it’s yawning. And at 15 cubic feet, with a very low lift-over and 60/40 folding rear seats, it looks hungry for a surfboard or a bike.

Tim Stevens of CNET[3] found the lack of a traditional dash less of an issue than some are making it out to be:

And that single, central display?

It does take some adjustment not having a traditional speedometer or the like behind the wheel, but I didn’t mind it. In fact, I found myself a little less distracted as I wasn’t constantly glancing down at my speed. Some drivers will surely struggle with it, though, and I still hope that Tesla offers a heads-up display at some point, but for me at least, it’s not an issue.


The Tesla team went to lengths to explain that the Model 3 has been designed to simplify everything from its construction to its operation.

Gone are the Model S’s projecting door handles in favour of nicely crafted aluminium ones which project like those on an Aston when you poke one end. Open the door and slide in and the interior is incredibly simple and uncluttered. The steering wheel features two buttons which adjust everything from the traditional (volume, radio frequency) to the more unique (door mirror adjustment and steering wheel positioning).

It’s a smart approach and highlights the thought that’s gone into the simplification of the cockpit, but not at the expense of functionality.

USA Today[5]:

The fit and finish of this Model 3, which was among a few dozen handed over to employees at a ceremony Friday led by CEO Elon Musk, was tight. Panel gaps were perfect. Doors open and closed with a solid thunk.

Now, Musk just needs to, as promised, make 499,999 more a year to the same standards.

All in all, we haven’t really seen much of any negativity surrounding the Model 3.

Now the big question becomes whether or not Tesla can actually ramp up production in order to meet demand.


  1. ^ Bloomberg (
  2. ^ MotorTrend relays (
  3. ^ of CNET (
  4. ^ TopGear (
  5. ^ USA Today (

City to review how to make downtown living more pet-friendly

Toronto’s condos are going to the dogs, and the city is looking for ways to ease the transition.

Staff are hiring a consultant to develop “pet-friendly design guidelines,” said urban design manager James Parakh, who’ll look at best practices from North America and around the world.

“We do know that we have a growing number of dogs moving into our downtown,” said Parakh, “and from a planning perspective what we’d like to do is to make sure that we can accommodate them as best as we can.”

The review will also look at possible cat-friendly measures, such as ways to make ventilation better for litter boxes in tight spaces.

“It would be mainly to guide new buildings, but certainly the findings would be, I think, of benefit to all, including potentially condominium corporations of existing buildings,” added Parakh.

Some condos already have doggie services, such as the Parade buildings in CityPlace, which have pet spas built into the lower floor where owners can wash off their dogs. There are plans for a pet spa and an outdoor dog run in the upcoming Concord Canada House, according to developer Concord Adex.

But Gilleen Witkowski, owner of dog-walking business Walk My Dog Toronto, said she often sees “a bit of a gap” between how many dogs there are downtown and the number of services to support them.

“Sometimes the buildings find themselves a little bit overrun and a little bit struggling with how to cope,” she said.

Witkowski has seen many young couples, who 10 years ago might have waited to get a dog until they bought a house, now squeezing a pet into a small space. She pointed to a few features that can help: wash stations, outdoor plants that can survive being peed on as well as policies to make sure dog walkers are welcome.

Last summer, Metro reported on a condo board at CityPlace that was proposing[1] a ban on new owners bringing in pets.

That’s the kind of conflict Witkowski believes can be avoided.

“Instead of getting angry, let’s think ahead,” she said. “With some creativity, everybody and their dogs can got along.”


  1. ^ Metro reported on a condo board at CityPlace that was proposing (

Critical Review: Powell Industries (POWL) & Littelfuse (LFUS)

Powell Industries (NASDAQ: POWL) and Littelfuse (NASDAQ:LFUS) are both industrial products companies, but which is the better business? We will compare the two companies based on the strength of their institutional ownership, analyst recommendations, profitabiliy, risk, valuation, dividends and earnings. Dividends

Powell Industries pays an annual dividend of £1.04 per share and has a dividend yield of 3.3%.

Littelfuse pays an annual dividend of £1.32 per share and has a dividend yield of 0.7%. Powell Industries pays out 128.4% of its earnings in the form of a dividend, suggesting it may not have sufficient earnings to cover its dividend payment in the future. Littelfuse pays out 24.3% of its earnings in the form of a dividend.

Volatility & Risk

Powell Industries has a beta of 0.83, meaning that its share price is 17% less volatile than the S&P 500. Comparatively, Littelfuse has a beta of 0.94, meaning that its share price is 6% less volatile than the S&P 500. Earnings and Valuation

This table compares Powell Industries and Littelfuse’s top-line revenue, earnings per share and valuation.

Gross Revenue Price/Sales Ratio EBITDA Earnings Per Share Price/Earnings Ratio
Powell Industries £478.02 million 0.76 £22.18 million £0.81 39.32
Littelfuse £1.12 billion 3.65 £243.46 million £5.43 33.18

Littelfuse has higher revenue and earnings than Powell Industries. Littelfuse is trading at a lower price-to-earnings ratio than Powell Industries, indicating that it is currently the more affordable of the two stocks. Profitability

This table compares Powell Industries and Littelfuse’s net margins, return on equity and return on assets.

Net Margins Return on Equity Return on Assets
Powell Industries 1.94% 3.31% 2.47%
Littelfuse 11.06% 18.47% 10.28%

Analyst Ratings This is a breakdown of recent ratings for Powell Industries and Littelfuse, as provided by MarketBeat.

Sell Ratings Hold Ratings Buy Ratings Strong Buy Ratings Rating Score
Powell Industries 0 0 0 0 N/A
Littelfuse 0 3 3 0 2.50

Littelfuse has a consensus price target of £186.00, indicating a potential upside of 3.23%. Given Littelfuse’s higher probable upside, analysts plainly believe Littelfuse is more favorable than Powell Industries.

Institutional & Insider Ownership

64.1% of Powell Industries shares are owned by institutional investors. Comparatively, 96.4% of Littelfuse shares are owned by institutional investors.

24.0% of Powell Industries shares are owned by insiders. Comparatively, 1.8% of Littelfuse shares are owned by insiders.

Strong institutional ownership is an indication that endowments, large money managers and hedge funds believe a stock will outperform the market over the long term. Summary Littelfuse beats Powell Industries on 12 of the 15 factors compared between the two stocks.

About Powell Industries Powell Industries logoPowell Industries, Inc. develops design, manufactures and services custom-engineered equipment and systems for the distribution, control and monitoring of electrical energy designed to distribute, control and monitor the flow of electrical energy, and provide protection to motors, transformers and other electrically powered equipment. The Company’s principal products include integrated power control room substations (PCRs), custom-engineered modules, electrical houses (E-Houses), traditional and arc-resistant distribution switchgear and control gear, medium-voltage circuit breakers, monitoring and control communications systems, motor control centers and bus duct systems.

These products are designed for application voltages ranging from 480 volts to 38,000 volts, and are used in oil and gas refining, offshore oil and gas production, petrochemical, pipeline, terminal, mining and metals, light rail traction power, electric utility, pulp and paper, and other heavy industrial markets. About Littelfuse Littelfuse logoLittelfuse, Inc. is a supplier of circuit protection products for the electronics, automotive and industrial markets.

The Company operates through three segments. The Electronics segment provides circuit protection components for overcurrent and overvoltage protection, as well as sensor components and modules to manufacturers of a range of electronic products. The Automotive segment provides circuit protection and sensor products to the worldwide automotive original equipment manufacturers (OEM) and parts distributors of passenger automobiles, trucks, buses, and off-road equipment.

The Industrial Segment provides circuit protection products for industrial and commercial customers.

The Company also offers electronic reed switches and sensors, automotive sensors for comfort and safety systems and a range of electromechanical and electronic switch and control devices for commercial and specialty vehicles.

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