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California grants Tesla $34.7 million tax break to boost production

Tesla Motors' plans to expand just got a big boost, as the state of California has announced it will give the Palo Alto-based company a $34.7 million tax break to increase its production capacity. The EV manufacturer is being given a pass on sales and use taxes on up to $415 million worth of equipment, according to a report on the San Francisco Chronicle's website.
Tesla is currently on track to produce 21,500 cars, although the planned expansion should more than double that capacity to 56,500 units, adding 112 jobs at Tesla's Fremont factory. "I'm pleased we could take this action to encourage Tesla to expand its electric vehicle production in California, which will create green jobs and improve our air quality," State Treasurer Bill Lockyer said. The state estimates that between the additional jobs and (hoped for) increase in sales, it will recoup the costs of the tax break in more taxes.

Tesla Model S will get price increase

Tesla has confirmed the Model S will soon see a price increase. The company has yet to release details on how much more the critically acclaimed electric vehicle will cost moving forward, but has released a few details about how the shift will affect buyers with existing reservations. Tesla says the increase will not apply to anyone who has a reservation so long as they configure and finalize their order "within a fair and predefined timeframe." Likewise, those buyers who deferred their reservations will be able to keep the original pricing by finalizing their order within the same timeframe.
Tesla says the price shift will also include changes to the Model S option package structure, and that some features currently considered standard equipment will become added cost options in the future. As with the overall price increase, these changes will not impact those with current orders, reservations or deferred reservations. Expect to hear more about the price increase as information becomes available, and in the meantime you can read the brief press release below for more information.

Tesla's Musk could build flying or submersible car

You sometimes get the impression that Tesla CEO Elon Musk says wild things just to gauge people's reactions. You have to be crazy to think that the Hyperloop is ever going to happen. Train travel is barely accepted in much of the country. Recently, he boasted in an interview with Britain's The Independent newspaper that he could build a flying car and a submersible one. If he's to be believed this time, one of them might actually happen.
"We could definitely make a flying car - but that's not the hard part. The hard part is, how do you make a flying car that's super safe and quiet? Because if it's a howler, you're going to make people very unhappy," said Musk to the newspaper. Obviously, the flying car has been an automotive dream for decades, but it has always been so disappointing. Even the long-delayed Terrafugia Transition needs a runway to takeoff and can't just pop in an out of traffic like we all want.
While the flying car likely remains a pipe dream, Musk seems much more serious about the prospects of a vehicle that can go underwater. He told The Independent: "We will be making a submarine car. It can transition from being a submarine to a car that drives up on the beach. Maybe we'll make two or three, but it wouldn't be more than that." The man does have some experience in this area. He bought the submersible Lotus Esprit last year from the James Bond film The Spy Who Loved Me, and planned to install a Tesla Model S powertrain in it. Now, let's see if either of these big ideas ever comes to fruition.