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Peloton cuts prices by making people stay at home

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Peloton cuts prices by making people stay at home

As gyms reopen with new rules after the coronavirus pandemic forced them to close for months, Peloton is hosting a game for new members who would rather train at home.

The home fitness company announced on Tuesday that it will slash the cost of its most popular exercise bike by $ 350 “to make it more accessible to more people,” Peloton said in an email. The bike will now cost $ 1,895. Peloton also offers a new premium Bike + with additional features such as a rotating touchscreen and a four-speaker audio system. The new lower priced treadmill will also be available for $ 2,495 early next year, offering an alternative to the $ 4,295 Peloton premium product.

“As consumers increasingly work from home amid the pandemic, these new product offerings should help Peloton expand its [market base], especially because they help lower the total cost of ownership for consumers, ”said AllianceBernstein in a statement.

Peloton shares jumped 9% after the announcement of new products and prices. The company’s shares are up more than 200 percent in a year.

“We believe PTON is very well positioned in 2021 with a wider range of products and with the potential for a tread market size two to three times that of a bicycle, which is largely not reflected in our estimates.” – Doug Anmouth & Corey Carpenter, JPMorgan Analysts. Securities written in a note.

Peloton is also offering existing customers a $ 700 loan to exchange their old bike for a new Bike +, which analysts say “creates an interesting aftermarket opportunity.”

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While the pandemic has hit most industries, Peloton was one of the few companies uniquely positioned to grow in the new era of work from home. Mirror, an internet-connected fitness system offering in-home activities, was acquired by Lululemon in June for $ 500 million as more people looked for opportunities to recover from home while gyms were closed. Equinox, which owns SoulCycle, will begin selling its own connected bikes and treadmills this winter, and has a new Variis home workout app that will appeal to members who want to workout from home but don’t want to give up their club memberships.

“Peloton is struggling to keep up with the growing demand right now. And so while I expect demand for Peloton’s products to decline slightly as the vaccine becomes available and people feel more comfortable in gyms, the company should have a couple of catch-up blocks to satisfy people who have already placed orders, ”said James Harriman , managing director of travel and leisure Wedbush Securities. “Over the long term, growth will eventually slow, but I believe Peloton has a very long way to grow.”

The shutdown has hit the entire fitness industry hard, as gyms were among the first to close and last to reopen due to ongoing security concerns surrounding the coronavirus. According to the International Association of Health Rackets and Athletic Clubs, there are between 40,000 and 50,000 health and fitness clubs in the United States, serving 73 million members last year.

According to Meredith Poppler, vice president of communications for IHRSA, the gym industry was losing $ 700 million a week in the midst of closures, with $ 10.3 billion lost by August 1. The trade group predicts that up to 25 percent of fitness clubs could close by the end of 2020 without help from Congress.

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“Home solutions like streaming classes, Peloton and Mirror are great options for some. Anything that can help people be active is victory, ”Poppler said. “But for the most part, the best, most complete home fitness option cannot compete with the community and motivation that the club provides, nor can it provide the skilled staff, varied equipment and programming capabilities of the nearby gym.”

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Economy

Everything has been delivered. 10 Bugatti Centodieci are already in the hands of the owners

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Everything has been delivered.  10 Bugatti Centodieci are already in the hands of the owners

OAll Bugatti Centodieci have been delivered, the Molsheim-based brand said on Monday. Cristiano Ronaldo received the number 07 in October this year. and Bugatti has now revealed that the latest unit – #10 – is already in the possession of its owner.

“The Centodieci combines all the values ​​of the Bugatti brand in an extraordinary package: rarity, innovation, heritage, craftsmanship and unrivaled performance. The production batch of 10 units was so in demand by our customers that it was sold before the Centodieci. was even officially presented,” said Christophe Piochon, president of Bugatti.

This latest example is finished in Quartz White with carbon fiber trim on the bottom and matte grilles. The brake calipers are painted in Light Blue Sport, as is the logo on the rear that refers to the EB110, the iconic Bugatti model that inspired this Centodieci. Inside, the predominant color is also blue, as you can see in the images above.

This block is powered by the same block as the other nine instances. The 8.0-liter W16 with four turbines is capable of developing 1600 hp. In terms of performance, this allows the Centodieci to hit 100 km/h in just 2.4 seconds and reach a top speed of 380 km/h.

Recall that each unit costs the owners eight million euros before taxes.

Read also: We already know when the Bugatti Centodieci fell into the hands of Ronaldo.

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Economy

The first Dacia hybrid. “The cheapest hybrid family on the market”

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The first Dacia hybrid.  "The cheapest hybrid family on the market"

BUT Dacia revealed this Monday that the hybrid engine has been available since March on the Jogger, the Romanian brand’s model known to be available with a seven-seat variant.

The Jogger Hybrid 140, Dacia’s first hybrid, will hit dealerships in March, but customers can expect and order it as early as January.

The price has been revealed by Dacia and since it’s only available in the seven-seater SL Extreme, it starts at €28,800. The brand claims it is “the most affordable hybrid family car on the market.”

Available in six existing colors to celebrate the launch of this hybrid, there will be a slate gray version, as you can see in the images above.

Equipped with a 1.6 liter four-cylinder petrol engine with 90 hp, the Jogger is also powered by two electric motors (a 50 hp engine and a high-voltage starter-generator). The total power is 140 horsepower. The electric transmission is automatic, four-speed, connected to an internal combustion engine, and two speeds are connected to an electric motor. This combined technology was possible, according to Dacia, only due to the lack of clutch.

Combined with the energy recovery levels of the 1.2kWh (230V) battery pack and the efficiency of the automatic transmission, regenerative braking delivers all-electric traction on 80% of urban journeys and saves up to 40% of fuel compared to a combustion engine vehicle.

Read also: Dual-fuel Dacia Jogger Eco-G. We tried 5 seater and LPG…

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Economy

See how Tesla tests its electric Semi truck in the worst-case scenarios

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Tesla Semi camião elétrico testes

Tesla has finally been able to bring its long-awaited Semi to market. This electric truck promises to revolutionize transportation and bring all the unique characteristics of this type of electric vehicle to this class of vehicles.

Now that the first units have been delivered, there is hope that they will finally be mass-produced and reach more transport companies. With so many promises to be kept, a new video is now emerging showing Tesla testing its Semi truck under worst-case scenarios.


Tesla Semi is already on the market

Like all Tesla electric vehicles, Semi follows the same line of creating a unique design associated with a platform with the most modern technology available. The proof is in what was presented to the public and surprised most people.

To prove the quality of this new proposal, Tesla published in your LinkedIn account new video. In it, he reveals some of the testing he's done to determine the strength and quality of the Semi's design and its (potential) durability.

Tests to prove its durability

It has been revealed that the Tesla electric truck is subjected to numerous tests and its application in the worst scenarios that drivers may face. It doesn't stop at the ruggedness of the Semi's designs, but goes further and focuses on the motors and batteries themselves.

This is the proof that many have been waiting for to ensure that this new proposal is not limited to a lot of autonomy. Its resistance is great and will provide greater durability, further enhancing the Semi's value and performance.

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high quality electric truck

Tesla has already showcased the Semi's quality with a video showing its truck driving roughly 500 miles on just one charge. The big news here is that he managed to make this long journey with a maximum load of about 37 tons.

Now Tesla remains to widely place the Semi on the market. At the moment, only a few companies have access to this new product, with a very long list of pending deliveries, who want to start mass-using this electric truck offering.

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