Italian company Energica is here in the US to challenge Tesla Motors Inc (NASDAQ:TSLA). Energica’s electronic motorcycle Ego stands out on the top because of its staggering speed, smart features and ease of use. Tesla Motors Inc (NASDAQ:TSLA)’s electric cars may have grabbed the market in the US but as the Italian bike maker makes its way into the US markets, Elon Musk might like to craft out some new plan to tackle the Italian giant. In a program on Bloomberg, Matt Miller went for a test drive on Ego and explained some of the main features of the vehicle.
The price of the Ego bike is $34,000. The bike can make up to 60 MPH from 0 in less than 3 seconds. This speed is greater than of Tesla Motors Inc (NASDAQ:TSLA) Model S cars. Energica’s female CEO Lydia Cevolini thinks that when she first planned to get into the electric vehicle industry, the idea was to launch an electric car to counter Tesla Motors Inc (NASDAQ:TSLA) but then she thought that electric bikes might be the best option to set a base. Ego’s top speed is 150MPH. 569 pounds weight is one of the biggest problems of Energica’s Ego, which can make it vulnerable to get beaten in the completion with Tesla. Miller said that it is very difficult to maintain the bike light because of its weight and it is hefty than a fully filled Ducati heavy bike. Although the price tag may seem costly, the lack of gas costs and maintenance puts Ego in the right slot for any bike lover.
There is no clutch and shift lever in the bike. The sound of the bike is addictive. Tesla Motors Inc (NASDAQ:TSLA) may launch a new electric bike in order to cope up with the increasing demand and completion in the market. Low price, less weight and more features can be the catchy factors for Tesla Motors Inc (NASDAQ:TSLA) to beat Energica.
Ken Griffin’s Citadel Investment Group hold around 46.5 million Tesla Motors Inc (NASDAQ:TSLA) shares.