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Elon Musk: Tesla Gigafactory location announcement coming late 2014

Tesla's Gigafactory is going to be a huge deal. So huge, in fact, that Tesla's not going to announce where it will be located until later this year. You may remember that, just a month ago, Tesla CEO Elon Musk said that, "The No. 1 thing is we want to minimize the risk timing for the Gigafactory to get up and running." Well, apparently getting the timing right doesn't mean rushing to get things done before they're ready. 30 percent cost decrease is "probably conservative at this point" – Elon Musk The reason Tesla needs the Gigafactory, as you may remember, is to supply packs for the company's Gen 3 car, the EV that is supposed to cost $35,000 and be able to go over 200 miles on a charge. To get down to that price point, the batteries need to be cheaper, and Musk has said that the Gigafactory should reduce the per-kWh cost of a pack by "more than 30 percent." Speaking at the annual shareholder conference this week, Musk confirmed that planning for the battery plant is "quite advanced" and that Tesla is meeting daily with Panasonic, the other partner in the deal. Panasonic was originally unsure that those kinds of cost reductions could be achieved, Musk said, "but I think they are now convinced they can." In fact, he said 30 percent is "probably conservative at this point." The Gigafactory should be up and running by the "late 2016 timeframe," Musk said, right around the time the Gen 3 car will be ready for volume production. While there will still only be one Tesla Gigafactory to begin with, Musk said that Tesla might start the process in two or three states (as opposed to just one or two, as hinted earlier). "We're probably going to do two or maybe three states all the way to creating a foundation and completing the plans and getting approvals and everything," he said. Sounds like someone wants to be ready to build gigafactories #2 and #3 in a hurry if need be. We've got more from the meeting, including videos of Musk's talk, here and here. You can read Tesla's original Gigafactory proposal here (PDF).

Analyst predicts GM will buy Tesla in 2014

There's little question that Tesla has come at the automotive industry as an outsider. But will it last as an outsider for much longer? Not if you ask Yra Harris of Praxis Trading. According to USA Today, the veteran financial analyst recently predicted on CNBC that General Motors will try to buy Tesla in 2014.
It certainly wouldn't be the first time that GM acquired another automaker. It did just that when it purchased the rights to the Hummer brand from AM General in 1999 and completed its takeover of Saab the year after. But, of course, The General has since divested from both, shutting down its Pontiac and Saturn brands in the process. Daewoo and Oldsmobile are gone too, as is Geo. Chevrolet is to be withdrawn from Europe, and over the past few years, GM has sold its minority stake in Isuzu, Subaru, Suzuki and PSA Peugeot-Citroën as well.
Of course, none of these are dedicated electric carmakers like Tesla is, and the Volt may not be doing as well as Detroit had initially hoped. But does that mean it's ready to start expanding its brand portfolio again? With all due respect to Mr. Harris, somehow we doubt it - especially with Tesla currently enjoying sky-high market valuation. The company's market capitalization stands at over $18 billion - more than 100-plus times its earnings. That would make mounting a Tesla takeover a hugely risky and costly endeavor unless Wall Street tempers its stock value greatly.

Cost to drop 691 horsepower in your Tesla Model S P85D? $14,600

Not mentioned during the much-hyped announcement event last night for the Tesla Model S Dual Motor "D" and Autopilot "A" options were how much those advancements will cost. Today, Tesla updated the Model S order page and those pesky little numbers are now available. As it turns out, opting for all of the features mentioned last night will add over $18,000 to the price of your $93,400 Model S P85. To get all of the benefits mentioned last night will add over $18,000 to the price of your Model S. Let's start by revealing the D's price. To add the second-motor to either the 60- or the 85-kWh Model S costs $4,000. That drops the 0-60 time by 0.2 seconds and ups the top speed by five miles per hour in the 60 (to 125 mph) and 30 mph in the 85 (to 155 mph). Interestingly, the overall horsepower output (according to Tesla) is 4 hp lower (376 compared to 380), but the car apparently gets the speed benefits by putting 188 hp on each axle. On the P85D, everything's different. Here, Tesla isn't just dividing the motor into two smaller versions. Instead, the old 470-hp motor is replaced by a "High Performance Dual Motor" setup that has a total output of 691 hp, 221 hp in the front and 470 hp in back. That's how you get the headline 3.2-second 0-60 time alongside the same 155 mph top speed, but the price tag jumps to $14,600 for the setup. Tesla CEO Elon Musk said last night that the tremendous drop in 0-60 time gets you 10 miles of extra range from the dual-motor setup. But if you don't need the quickness, you can go even further. Without the dual motors, an 85-kWh battery Model S can go 265 miles (EPA numbers). The standard 85D gets its range increased to 295 miles at 65 mph (according to Tesla's numbers) while the quicker P85D can "only" go 275 miles. Dual-motor Model S versions will begin deliveries in February 2015. The A option, officially called the "Tech Package with Autopilot," costs $4,250. This is the way that you can get your Model S to drive itself (on private property) and act as an active safety net to your own driving on public roads. Since all Model S EVs now come standard with a new forward-looking camera, radar and 360-degree ultrasonic sensors, the "Autopilot" part of the package would appear to be mostly a software switch. The rest of the package is rounded out by things like seven years of free navigation map updates, LED running lights, memory seats and more.