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Credit Suisse says Tesla remains 'top stock pick'

Plunking down $100,000-plus on a Tesla Model S? A dubious (though probably really fun) investment. Spending about $218 on a share of the company? That might be a far better bet. Credit Suisse Group called Tesla a "top stock pick" in the automotive industry earlier this week. The selling point is the company's battery technology and the prospect of falling lithium-ion battery costs from the gigafactory Tesla is building in Nevada. Specifically, Tesla may be able to bring down battery costs enough to make its electric vehicles price-competitive with conventional vehicles by 2017, all while saving the typical driver about $2,000 in annual refueling costs (excluding any extra spending on tires thanks to a yippee quotient that comes with driving a Model S). Also pushing up Credit Suisse' value of the company is the upcoming introduction of the Model X SUV. Credit Suisse, which has a $325 target price on the company, is making the recommendation after a wild years of ups and downs that ended up with TSLA stock almost exactly where it was 12 months ago (it's actually down about a dollar). That said, shares have jumped more than tenfold since the California-based company went public in 2010, so it's been a very good buy for the long-term investor. Featured Gallery Tesla Model S View 10 Photos News Source: Bidnessetc Green Tesla Electric

Elon Musk says Apple offering $250,000 signing bonus to poach Tesla employees

The talent pool in Silicon Valley is filled with sharks. Google, Apple, Oracle, eBay, Amazon, Nvidia, Adobe, HP and Electronic Arts all draw from the finite workforce of northern California, so unsurprisingly, competition for new hires is extremely fierce. Elon Musk, founder of Tesla Motors, offers proof of that, claiming that Silicon Valley stalwart Apple has offered his employees whopping $250,000 signing bonuses and 60-percent pay increases. But don't worry, Tesla is just as guilty of poaching Apple's employees. Bloomberg has the interesting story that focuses not so much on the inter-hiring between the two companies, but on their similarities, which includes drawing parallels between their mercurial – some may say iconoclastic – founders. It all makes for fascinating reading, giving insight into the games played between top employers in one of the country's most competitive job markets. Head over and have a look. Related Video:

Why stories of low Tesla Model S sales should be salted

Trying to guess Tesla Model S sales in the US has become a parlor game of sorts. Thing is, it's a game not worth playing, Daily Kanban says. We're on board with that. Guessing Model S sales with any sort of accuracy is difficult, if not impossible, because Tesla, unlike other automakers, doesn't publish monthly sales figures (it only does so quarterly). Additionally, the California-based company lumps its global sales into one quarterly total. That means domestic Model S sales aren't disclosed either. So, when Tesla publishes its 2014 sales figures later this month, that's all the public will know: the 2014 global sales of the Model S. No more, no less. Daily Kanban went on its rant largely because some publications sounded an alarm of sorts by saying Model S sales plunged between December and January. The site also compared estimates by Autodata, Automotive News and Inside EVs with actual US registrations (as captured by Polk Automotive) and basically uncovered a lot of spitting into the wind. For the record, we stopped calculating Model S estimates in our green-car monthly sales estimates because of such lack of transparency. Here's hoping that Tesla eventually starts making its US sales figures public, but until then (and we'll likely be waiting a long time), it's anyone's guess. Featured Gallery 2015 Tesla Model S P85D: Detroit 2015 View 18 Photos News Source: Daily Kanban Green Tesla Electric ev sales

Recharge Wrap-up: NADA chairman keeps 'Get The Facts,' Teslarati improves at Buttonwillow

Zap and Jonway Autos will sell their electric minivan under the Dongfeng brand. Dongfeng will sell 5,000 units of the EV minivan as a cargo delivery van. Based on the passenger version, the extra seats will be removed to make room for whatever you'd like to carry, as well as a battery large enough to offer over 300 kilometers (184 miles) of driving range per charge. Zap/Jonway expects to have the van ready for delivery by June of this year, with subsequent sales handled by Donfeng's partner, Shi Kong. Dongfeng is one of China's top four government-owned automakers, and is in partnerships with Honda and Nissan, among other automakers. Read more in the press release below. The National Automobile Dealers Association (NADA) will continue its "Get The Facts" campaign under its new chairman. "Get The Facts" tries to explain to the public the benefits of the dealership franchise system – a campaign that also serves as an anti-Tesla platform. In an interview with Ward's Auto, Nada Chairman William Fox says he'll continue those efforts. Fox says that a direct-to-consumer sales method (like Tesla's) could "entice a niche auto manufacturer with lower volume serving a small market," but that "the dealer franchise model is proven to work best." Green Car Reports points out that Fox provides no real-world studies to support this. Check out the interview at Ward's Auto and read more at Green Car Reports. The Teslarati 48 clocked its best time of 2:12 at Buttonwillow Raceway. The folks at Teslarati have taken the Tesla Model S to various racetracks around California and Nevada to test the sporting chops of their beloved EV. This year's time is an improvement over last year's best lap by the Teslarati 48 of 2:19. They give a nice rundown of the track and their experience driving it, including setup, difficulties, charging and power consumption-great reading material for anybody thinking about taking their Model S out for some hot laps. See the 2:12 run in the video above and read more at Teslarati. ZAP and Jonway Auto's EV Minivan will be OEM by Dong Feng Motor Corporation, one of the four China's Largest Auto Group through Shi Kong, Zhejiang SANTA ROSA, Calif., Feb.

Why it's difficult to accurately test the efficiency of a plug-in car

When it comes to electric vehicles and plug-ins in general, the Environmental Protection Agency-certified range is a hugely important number. While actual range anxiety is largely psychological, the magic number does provide a point of comparison of buyers considering one EV over another. The driving distance is also often touted by automakers when marketing their models. Unfortunately, as Green Car Reports finds in a recent deep dive, the way the EPA calculates the figure is a convoluted mess, and discovering the reasons why is definitely worth the read. The issue isn't about bad science but instead comes down to vague wording. The EPA's accepted range test is sourced from an evaluation called J-1634 from the Society of Automotive Engineers, and it seems to provide balanced results for vehicles that automatically reach a single state of charge when plugged in. However for models with multiple charge settings, the situation gets complicated very quickly. Of course, these modes are often created in the software, meaning that a car's certified driving distance can change with just a few taps of the keyboard without the real world results owners might experience actually changing. By showing the test's effects on the certified range for the Tesla Model S, Nissan Leaf and Mercedes-Benz B-Class Electric Drive over the last few years, Green Car Reports makes a compelling argument that it's the evaluation that needs to change. Thankfully, it appears that the solution is a very simple one. Get the details here.

Tesla Model S gets minor interior comfort upgrades

The saying goes that moss doesn't grow on a rolling stone, and if that's the case, then the Tesla Model S must be one of the cleanest rocks around. Tesla continually releases little improvements for its luxury sedan, like just a few days ago with the announcement of an over-the-air update to make the P85D (pictured above) even quicker. This time the electric car company has more tweaks coming to make the ride a bit more luxurious. According to an email from Tesla, the automaker is now offering plusher, executive rear seats for the Model S for a dose of extra comfort. The softer chairs also give taller occupants in the back a little more headroom by sitting passengers between 0.4 inches and 0.6 inches lower. To keep warm, the option comes with two-zone heating, and for additional storage there's a center console with a leather-covered armrest and cup holders. In small adjustment for cold-climate drivers, Tesla is adding a heated steering wheel to its Subzero Weather Package on the Model S. The optional bundle already includes useful goodies for the winter like heated rear seats, wiper blade defrosters and heated washer nozzles.

First Apple Watch app for Tesla Model S is here, thanks to Eleks

Modern technology is the science fiction of three decades ago. For example, not very long from now you may be able to control many of your car's functions directly from a watch, specifically the Apple Watch. While the wearable smart device isn't even on sale yet, the software developers at Eleks Labs already have a demo version of the Tesla iPhone app running on the gadget (operating in an emulator in the video above), and the programmers believe even more features could be possible later. The Apple Watch version of the app shrinks and streamlines the standard software to fit on your wrist. It still offers much the same functionality, though. The main screen shows the state of charge, range, and whether the Model S is locked, but by scrolling through the pages, users can also do things like open the doors, reposition the moonroof, adjust the climate control while away from the vehicle and much more. It's looks quite handy. There is a big downside to all of the features on the watch's app at the moment, though. According to Eleks Labs, the software development kit for the Apple Watch currently only lets programmers use the device as a bridge for the user's iPhone. That means people must keep their phone on them at all times to get any functionality on their wrist. Some of the gadget's controls are also still being limited, like its Digital Crown scroll wheel. It's not all bad news, though. The developers think additional functionality could be unlocked closer to when the Apple Watch goes on sale. It's possible future apps for the device might not even need to use the phone. While the demo is just a third-party app for now, Eleks Labs hopes to make it official. "Our biggest interest is to cooperate with Tesla to create true omnichannel experience across the car, the app and the watch. We're sure that Tesla owners would benefit most from this option. So we'll try to get in touch with Tesla Motors and arrange this," said Markiyan Matsekh, Product Manager for Mobility and Wearables at Eleks Labs, to Autoblog. Related Video:

Tesla Model S P85D will improve quickness through over-the-air update

Already able to hit 60 miles per hour in about 3.2 seconds, the 691-horsepower Tesla Model S P85D is absolutely no slouch when it comes to acceleration. Of course, one of the great things about owning a Tesla is the possibility of over-the-air updates coming at any time to make the brand's vehicles even more capable. Elon Musk recently announced the latest software improvement on Twitter (embedded below) for the Model S to make the P85D even quicker. The upgrade sheds a tenth of a second off the dual-motor's already impressive acceleration to 60 thanks to an improvement to the inverter algorithm. The tweak affects the single-motor P85 too, but Musk said the effect would not be as significant. We can't wait for the inevitable updated passenger reaction videos once this enhancement tweak goes live. This content is hosted by a third party. To view it, please update your privacy preferences. Manage Settings. Featured Gallery 2015 Tesla Model S P85D: Detroit 2015 View 18 Photos News Source: Twitter [1], [2]Image Credit: Copyright 2015 Drew Phillips / AOL Green Tesla Green Driving Ownership Electric Performance Sedan

Recharge Wrap-up: Nissan reveals GT-R LM Nismo, NRG plans eVgo expansion

Nissan has officially revealed the GT-R LM Nismo LMP1 car. The hybrid Le Mans racer uses a biturbocharged 3.0-liter V-6 up front to power the front wheels, plus a kinetic energy recovery system for an extra boost. Football fans likely caught a glimpse of the car in Nissan's With Dad commercial that aired during the Super Bowl, but the company has a couple more videos that show the car off quite well provided below. "This is innovation that excites," Says Nismo president Shoichi Miyatani. "Sustainability is at the top of our agenda, and the technical regulations for Le Mans give us the freedom to pursue new ideas in this area." Read more at Green Car Congress, or in the press release below. The NRG eVgo charging network now operates 120 DC fast charging stations in California. 60 of those are "Freedom Stations," offering both CHAdeMO and CCS charging cables, and 52 more of these are in the works. NRG plans to expand the eVgo network to 25 US markets in the next two years (up from the current 10), including chargers in Tennessee, as well as linking cities along the near entirety of the East and West coasts. Read more at Green Car Reports. Tesla has opened its 20th Supercharger station in the UK. The company says it will offer full UK coverage by the end of 2015. As of now, the Supercharger network extends as far north as Edinburgh, southwest to Exeter, and to Maidstone in the southeast, which is just up the road from access to mainland Europe through the English Channel Tunnel. Tesla operates more than 1,600 Superchargers worldwide at over 300 stations, with 129 stations and more than 670 Superchargers in Europe. Read more at Hybrid Cars. This content is hosted by a third party. To view it, please update your privacy preferences. Manage Settings. This content is hosted by a third party. To view it, please update your privacy preferences. Manage Settings. Nissan reveals Le Mans challenger during Super Bowl - First glimpse of race-ready Nissan GT-R LM NISMO during Super Bowl XLIX - Innovative new LM P1 racing car is like no other Le Mans car - TAG Heuer, Motul and Michelin revealed as Nissan LM P1 partners YOKOHAMA, Japan Í– Nissan today declared itself ready to take on the world's best sports car manufacturers after revealing a glimpse of its Le Mans challenger – the Nissan GT-R LM NISMO – during the commercial break for Super Bowl XLIX. Last year's Super Bowl was the most watched television program in U.S. television history with over 110 million viewers.

Tesla co-founder Ian Wright surprised at company's success

New Zealander Ian Wright was one of the three original founders of Tesla Motors in 2003 and helped pitch Elon Musk on backing the company the following year. Wright's interest was an electric sports car, and he didn't give up on that idea when he left Tesla in 2004; in 2005 he founded Wrightspeed and produced the X1 prototype, an electrified Ariel Atom that slew ICE supercars, but that company folded in 2008. Looking back at his popular creation, he recently told the San Francisco Business Times that although Tesla's fortune has gone, "quite a lot better than I expected it would," he's still "out of sync" with Tesla's aim. You can see his lack of faith in Tesla by the way he sold his stock after the IPO in 2010. Wright still doesn't fully support the position that simply lowering the price of electric cars will turn into mass adoption. "I still think that's not possible," he says. Wrightspeed the electric car maker has become Wrightspeed Powertrains, building drop-in electric propulsion systems for industrial applications like garbage and delivery trucks, and he's already got companies like FedEx trialing his systems. But he doesn't begrudge Tesla's success: "[They've] done vastly better than I expected that they would, so maybe I'm wrong," he says, and, "What Tesla has achieved in terms of changing people's perceptions about electric cars... is beyond my wildest dreams." In the video above, Wright answers five questions put to him by the SF Business Times about his Tesla experience.