Tesla All, page #31

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Wall Street loves Tesla's Elon Musk, values the brand higher than Fiat

Tesla's value on the stock market far exceeds the number of vehicles it contributes to the automotive market. According to a report from Automotive News, Tesla is currently valued at $8.8 billion. Almost unbelievably, though we've never claimed to have a firm grasp on the inner workings of the stock market, that's a full billion dollars more valuable than Fiat and three times more valuable than PSA Peugeot Citroën, says the report.
How unfathomable is that statistic? Consider the fact that Tesla, a ten-year-old company, just managed to turn its very first profit last quarter and has produced fewer than 10,000 vehicles in its lifetime. How does that compare to an automotive giant like Fiat? Well... it doesn't - The brand sold 44,772 Fiat 500s in the United States alone in 2012, and it owns or controls the Chrysler portfolio of brands along with Ferrari and Maserati... not to mention the hundreds of thousands of cars Fiat Group sells yearly in the rest of the world.
Granted, the number of vehicles sold by a brand is just a small portion of its value, but you may still wonder, Why is such a seemingly small player in the global automotive marketplace such a big deal on Wall Street? According to AN, it has a lot to do with its controversial and headline-grabbing CEO, Elon Musk, and the way he disseminates company information to his investors. How so? We suggest you take a good look at the article here for the whole story.

Consumer Reports scores Tesla Model S 99 out of 100 [w/video]

Consumer Reports is awfully fond of the Tesla Model S. The EV managed to pull down an impressive score of 99 out of 100 in the organization's evaluation, besting the Porsche Panamera Hybrid by a full 16 points. CR calls the battery-operated sedan "the most practical electric car we've ever tested" thanks to its 200 mile range and blistering 5.6-second dash to 60 miles per hour. Testers also had praise for the vehicle's excellent handling characteristics and clever packaging, but found issue with the large touch screen mounted in the center of the dash. According to CR, the screen requires too much time looking down and away from the road.
The publication also called out the car for skipping the spare tire, compressor and run flat tires, but those issues weren't enough to keep the machine from earning a top nod. You can head over to Consumer Reports to read the full review for yourself, and be sure to check out the video below for a better picture of the machine's highlights, including some EV drifting (even CR likes to have some fun).

Tesla Model S has secret menu that shows possible upcoming features

The Telsa Model S may have won just about every automotive award it could last year, but that doesn't mean it's a perfect vehicle. Far from it. Drivers have been asking when the already high-tech vehicle will get somewhat normal features, like adaptive cruise control or blind spot detection. Well, a new video of menus hidden within the giant touch screen in the Model S shows that those two features might be coming soon, along with a lane departure warning. When these options might arrive is anyone's guess, but the video (see it below) shows that the software is at least in the prototype stage. In any case, unless Tesla has installed a bunch of sensors and not told anyone about them, turning these features on will require more than just a software update.
The hidden menu also shows some as-of-yet-unannounced apps in the car's software: an image viewer, a sketch pad, a scheduler/calendar and various test apps.
The way you access these menus, apparently, is by holding down the Tesla logo on the main menu for a few seconds and then entering an access code. We don't know this password and we also don't recommend fooling around in there, since it looks like you might be able to muck things up, but good. We have enough trouble rooting our phones and we're not sure we'd like to take the risk with an $70,000+ electric vehicle. But if someone else wants to do so and post a video online, then we're happy to watch.

Tesla to earn $250 million from sales of California environmental credits

Tesla Motors is expected to release quarterly earnings figures within the next few days, and the Silicon Valley automaker is thought to have attained profitability for the first time ever. As it turns out, a good bit of that profit will reportedly come from the State of California.
According to an article from the LA Times, Tesla, which is reportedly on pace to sell 20,000 vehicles in 2013, receives as much as $35,000 in environmental credits from California for each Model S it sells. These credits can then be sold to other automakers that do business in the state but don't sell zero-emission vehicles of their own. Some experts believe Tesla could earn up to $250 million from such ZEV credits.
While profits from ZEV credits equals good news for Tesla, some experts and rival automakers aren't very pleased with California's strong-arm tactics when it comes to the sales of electric vehicles. "At the end of the day, other carmakers are subsidizing Tesla," said Thilo Koslowski, an analyst at Gartner Inc.

Watch the Jaws of Life tear apart a Tesla Model S

As electric vehicles become more prevalent on the roadways, first responders are facing new - and sometimes unknown - challenges when it comes to intense tasks such as the extrication of passengers trapped inside a car. Advanced Extrication, an online training resource for rescue workers, recently posted a video showing how rescuers should respond to vehicles like the Tesla Model S.
The best way to do such a video, of course, is to actually demonstrate the process, so Tesla donated a new Model S just so the Fremont Fire Department could tear it to shreds as the host explains some of the unique dangers specific to electric cars. The unfortunate demo car looks like it just came off the assembly line, meaning it is completely intact to begin with, but we wonder if it would have been more interesting to see how firefighters deal with the car's wiring and DC-DC converter (and other high voltage components) when the vehicle structure has been compromised.
Either way, the entire 37-minute video (posted below) goes in depth showing what rescuers face as they deal with a growing number of EVs. Of course, if all you want to see is the business end of the Jaws of Life going to town on the Model S' subframe, you should skip to the 27-minute mark.

Musk says New York Times debacle may have cost Tesla $100 million

Despite the old chestnut that there's no such thing as bad publicity, there's always a cost incurred - sometimes it's hidden, and sometimes it's front and center. Enigmatic Tesla CEO Elon Musk seems to think his company's now-infamous Model S range dustup with The New York Times is falling squarely into the latter category. According to Musk, fallout from the back-and-forth battle over the newspaper's cold-weather road trip story may have decimated Tesla's stock value by as much as $100 million. Musk believes the report resulted in a lot of cancelled orders, probably costing Tesla "a few hundred" Model S purchases.
According to the report, Tesla's shares have tumbled some 12 percent (going from $39.24 to $34.38) since the report was published. Bloomberg further notes that the company's market capitalization has skidded by around $553 million over that same period. With the company's stock-market value pegged at $3.91 billion, $100m represents a not insignificant chunk of money to Tesla.
So how does Musk feel about embattled Times writer John Broder, whose controversial report he previously called "fake"? During the interview with Bloomberg TV, which you can watch below, Musk opines, "I don't think it should be the end of his career - I don't even think necessarily he should be fired - but I do think he fudged an article." No word has surfaced about any actions taken against Broder after his boss admitted he did "not especially" exercise "good judgement" in the course of his reporting.

And now for a different sort of Tesla Model S review...

Our friends at Kelley Blue Book have taken an unflinching look at the Tesla Model S in a new video. The crew originally planned to pack up and whip the electric sedan all the way to Las Vegas from Los Angeles, but got sidelined by a flat tire. The ensuing detour to a Tesla service center resulted in a day of hopping from charge point to charge point and a number of close calls on the range front. Confronted with cold temperatures, a desire to make time and some serious topography, the Model S pulled up short on projected range but never left the guys stranded.
The team eventually makes it to Vegas and discovers the aggravation of trying to charge the car with anything other than the company's supercharger stations. The return trip goes quite a bit better, however, and KBB starts to figure out what makes the Model S so special. We won't ruin the end for you. You can check out the full clip below.

Tesla takes New York Times to task for damning Model S review

The social media tête-à-tête between the New York Times and Tesla CEO Elon Musk, stemming from a defamatory review by John Broder of the Model S and Tesla's new "Supercharger" network on the East Coast, is heating up in a major way. Just yesterday we summarized the Twitter spat, and now Musk has expanded upon the data recorded during Broder's test drive - adding major credence to the criticism of the NYT writer.
The smoking gun in this case is the information that was captured by the data recorder in Broder's loaned Model S. The data recording function is one that is only activated for consumers when permission has been expressly granted, says Musk, but is always turned on in the case of media vehicles. Thusly equipped, Broder's vehicle was keeping track of speed, charging data, map data and more, presumably without the writer's foreknowledge.
The evidence recorded by the in-car systems happens to contravene Broder's most damning claims of the Tesla, says Musk in his article titled A Most Peculiar Test Drive. First, and perhaps most shockingly, the Model S "State of Charge" log shows that Broder's test car "never ran out of energy at any time." Broder's reporting indicated that the car ran completely out of juice at one point and had to be evacuated on a flatbed truck. The data log also points out that the trip was made at speeds ranging from 65 to 81 miles per hour, where the writer claimed to have set the cruise control at 54 mph, with periods of driving as slowly as 45 mph.

Tesla Model S finally has its date with a dyno

The performance abilities - and even the burnout potential - of the Tesla Model S has already been well documented, but, surprisingly, we haven't yet seen the all-electric luxury hatchback strapped to a dyno. Fortunately, the crew over at Dragtimes has posted a video that finally gave us some real-world numbers for the family- and environmentally friendly Tesla.
As the article points out, the results might be off a little (on the low side) due to the run not starting from a dead stop, but the numbers are impressive nonetheless. Immediately upon throttle application, the dyno records almost 300 horsepower at zero miles per hour, and power peaks at 368 hp at around 55 mph (we imagine the "386HP" quoted on the video title is a typo) before trailing off to around 220 hp closer to the car's limited 130-mph top speed. This compares quite favorably to the power numbers provided by Tesla putting max output at 416 hp; the dyno provided no torque figures for the car. Dragtimes also believes this number bodes well for the car on the track, too, quoting a quarter-mile time of 12.2 seconds at 112 mph.
The video of the quiet, zero-emission dyno session is posted below, so check it out.

Dealers' suit against Tesla dismissed in MA court

Tesla has been facing resistance from dealer associations with its factory-owned dealerships since the start-up automaker first started selling cars, but it won another big case in Massachusetts when a judge dismissed a lawsuit brought on by the Massachusetts State Automobile Dealers Association (MSADA). According to Automotive News, the case was dismissed after the judge said the association "lacked standing to sue" despite the fact that MSADA executive vice president quotes the state law as saying, "A factory cannot own a store."
The latest lawsuit follows a similar suit from back in October where the MSADA attempted to prevent Tesla from opening a store in a suburban Boston mall; the electric car maker received approval to open another store in Natick, MA, which brought on this second lawsuit. It's unlikely this is the last we've heard about this issue in Massachusetts and in other states, but Tesla seems to be coming out victorious in each case so far. While laws pertaining to dealerships vary state to state, factory-owned dealers are usually noncompliant with state law - a lesson Chrysler learned back in 2011.