2024 Tesla Cybertruck Cyberbeast on 2040-cars

Auto blog

Akerson calls for GM tech to stymie Tesla

Electric vehicle maker Tesla has had some good days lately as sales of the Model S have exceeded expectations as much as the company's profits, thanks in no small part to innovative thinking that has resulted in mass sales of ZEV credits to other manufacturers, free charging stations, 90-second battery swaps and manufacturer-owned dealerships. All of this has the attention of General Motors, who views Tesla as a disruptive force to the auto industry and as a threat to the 104-year-old automaker.
Case in point: GM recognizes that Tesla must be doing something right if it can sell more of its $69,900 Model S sedans than the $39,145 Volt. So what is GM doing about it? Chief Executive Officer Dan Akerson assigned a small team to study Tesla so the company won't be caught off guard in the future. In an interview with Bloomberg, Steve Girsky, GM vice chairman, said, "History is littered with big companies that ignored innovation that was coming their way because you didn't know where you could be disrupted."
GM was one of those big companies at one point, and it hasn't quite broken that mold. It has struggled to move on from the old, inefficient practices of its past, leading Akerson to chide employees at a recent conference in Houston because so many in-house patents had failed to be commercialized and implemented in GM designs. This, of course, resulted in a huge research-and-development budget that was wasteful. But Akerson knows that GM must rely on innovation and a tight focus on technologies that customers want if it is to be profitable and survive in the long term.

Tesla Wins Technology Of The Year Award

The winner of AOL Auto's second annual Technology Of The Year award ran away with the votes for the award, clearly surpassing all of the other contenders. We're giving it to Tesla's Supercharger Network, which today is made up of 54 charging stations in the U.S. that can provide about half an electric car's full charge in just 20 minutes, compared with the 8-hour charges from conventional outlets. The editorial staff agreed that the Tesla Supercharger is a game changer, and easily deserves to be called the Technology Of The Year. "Tesla is showing, again, that there are amazing technological breakthroughs to be made in the EV game, and are kind of making the rest of the industry look bad," said Sebastian Blanco, editor of Autoblog Green. AOL Autos' Multimedia Director Adam Morath agreed that the Supercharger is a game changer. "With the Supercharger, Tesla is tackling the tired arguments against the electrification of the automobile head on by addressing range, charge times, charger accessibility and clean energy production (the Supercharger is powered by solar energy, not coal) all in one stroke," he said. The panel reviewed more than 40 qualified submissions from readers, editorial staff and industry, the panel of judges named the following as finalists: Chevrolet MyLink Valet Mode; Infiniti Backup Collision Intervention; Tesla Supercharger Network; Volvo Pedestrian and Cyclist Detection with Full Auto Brake; Mopar In-Vehicle Wireless Charging for Portable Devices; and Mercedes-Benz Intelligent Drive. Superchargers are located across the U.S., making it possible for an electric car driver to take a coast-to-coast trip. They're strategically placed near amenities like roadside diners, cafes, and shopping centers so drivers can stop, eat, and come back to a charged electric car. Most of the staff did not get to test the Supercharger network firsthand, but have been following it closely. A former TRANSLOGIC reporter tested it, and said it works as promised. And Blanco has been following the Supercharger's development quite closely, and said he hasn't heard a single complaint from users in the U.S. or Europe. Jeremy Korzeniewski, Managing Editor of Autoblog, said the Supercharger levels the playing ground, making electric cars almost as convenient as gas-powered cars. "There's simply no way the average consumer is going to consider putting an electric vehicle in their garage if there's no way to refuel it on the go," he said.

Why Tesla's $35,000 Model E is a pipe dream

A car that costs 80 percent as much to produce as another can't be half the price. That's the simplistic version why Stanphyl Capital Management says Tesla Motors will not be able to sell its "mass market" sedan for the low, low (by luxury electric-vehicle standards) Elon Musk-backed price of $35,000. In fact, the California-based automaker will take about a $13,000 bath for each unit it sells of the new vehicle, now referred to as the Model E. Stanphyl Capital Management breaks down the fourth-quarter costs and revenue associated Tesla's Model S, of which it sold about 6,900 units during the last three months of the year. In a nutshell, Tesla generated a whopping $106,000 per vehicle sold, with about two-thirds of the company's gross profit coming from battery and optional upgrades. And while Tesla may be able to get the Model E battery costs down to about $8,100 compared to the $15,600 cost of the Model S battery (the smaller car will use a smaller battery that will provide about a 200-mile single-charge range), all of the other stuff brings the Model E's unit cost up to about $48,000. That compares to the $59,600 average cost of a Model S. Fremont, we have a problem. Reports came out in December saying that the Model E may be unveiled at one of next year's auto shows and sales could start as early as 2016. The argument against the possibility of a $35,000 Model E may sound reasonable on paper, but more than a few people have lost money betting against Elon Musk. You can read more at ValueWalk.