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Fiat Chrysler joins open pool with Tesla to avoid paying EU emissions fines

According to a report from the Financial Times, Fiat Chrysler has agreed to pay Tesla "hundreds of millions of euros" in order to pool their fleets together in Europe. This move will reportedly allow FCA to use Tesla's zero-emission vehicle sales to offset fines it would have to pay for failing to meet European Union carbon emissions rules, which fall to 95 grams per kilometer starting next year. According to the report, FCA joined a so-called open pool with Tesla on February 25. The electric car company created the pool and gave other automakers "the chance to join" three days prior. The pool will be valid "for several years," according to Julia Poliscanova, a senior director at the Transport & Environment lobbying group. Toyota and Mazda apparently created a similar pool on the same day, but that agreement doesn't elicit quite the same eyebrow raise since Toyota owns a five-percent stake in Mazda. It's not clear exactly how much money FCA will pay Tesla through this arrangement, but similar deals have been part of Tesla's financial strategy for years. FT reports Tesla earned more than $100 million by selling electric vehicle credits in the United States last year and close to $300 million the prior year.

Elon Musk raises the stakes for Tesla Motors

Falling gas prices, production delays and weakened demand in a key market would send shudders through the CEOs of most automakers. None of those problems could dent the enthusiasm Tesla Motors CEO and co-founder Elon Musk has for a vision of an electric-car future. In a rare appearance Tuesday on the home turf of the Big Three automakers in Detroit, Musk said those factors wouldn't hinder Tesla Motors' growth over the next five to ten years. In fact, he revised the company's sales projections upwards, even as he said Tesla may not turn a profit for five more years. Previously, Musk had said he wanted the company to sell 500,000 vehicles by 2020. In more than an hour's worth of wide-ranging remarks at the Automotive News World Congress, he said, "I think we'll try to aim to do more cars than that. I think we'll continue past that. We probably should get to a few million cars by 2025. We could probably get to a few million cars per year." Spate Of Recent Complications Not that Tesla Motors' rise to prominence through a global economic recession hasn't already defied conventional wisdom, but the upward figures came despite recent complications that will only make that sort of sales climb more difficult. Gas prices fell to a national average of $2.11 per gallon Tuesday, and many automakers fret this plunge will make the sale of electric vehicles far more difficult. "I don't think it will affect the S or X," Musk said Tuesday. Production of the Model X – an all-electric crossover that features gullwing doors that would give Tesla Motors an immediate entrant in the fastest-growing vehicle segment – has been delayed for two years while the Fremont, CA-based company focused its limited production capabilities on its Model S and worked on complications with the X. "It's been two steps forward, one step back," Musk said. "Really, it was important to me that the doors were not just a gimmick, but a fundamental improvement to the functionality of the cars." Another hurdle for Tesla: Musk said Tuesday that sales had weakened in China during the fourth quarter of 2014. Exact sales figures were not known because Tesla does not release them, but Musk said growth slowed because customers there had overestimated the difficulty in installing and maintaining charging equipment; he said the "miscommunication" had been corrected and that the company has already seen an uptick in sales.

More speculation about Tesla Gigafactory announcement

Should we all be laying our chips down on Nevada for Tesla's proposed Gigafactory? At least a few news sources are saying yes, though another says there's a remote chance of a San Francisco Bay Area site getting the nod. Real remote. The frontrunner appears to be the Tahoe-Reno Industrial Center, which is about 20 miles east of Reno proper and includes warehousing sites for Walmart, Dell and Petsmart, Transport Evolved says. Compared to other states in the running, Nevada has the advantages of lower taxes, lots of cheap real estate and some lithium-mining capabilities, while the specific site has very good highway and rail access. There's also already a li-ion company there, Dragonfly Energy. Feeding that belief is the sight of about 50 earthmoving trucks recently spotted at that site, says ValueWalk, Greentech Media and Jalopnik, in addition to Transport Evolved. But then we heard that the site had been shut down. Nobody involved is giving any clues, but the site is plenty big enough for a $5 billion, 10-million-square-foot plant that would support about 6,500 jobs. Meanwhile, Tesla may also be considering the former Concord Naval Weapons Station about 35 miles northeast of San Francisco and 45 miles north of Tesla's Fremont headquarters, says KTVU, the NBC affiliate for the San Francisco Bay Area. The problem is that's a Superfund site in need of some remediation. But that sort of cleaning project could be a good fit for a company focused on "clean" energy. Tesla is, of course, declining to comment. Tesla CEO Elon Musk said early last month that it was in "quite advanced" stages of planning for the plant, or perhaps two plants, and that the company was meeting on a daily basis with partner and battery-supplier Panasonic. The company is expected to officially announce the location of the Gigafactory later this year, and it could be up and running by the end of 2016.