2020 Model 3 2020 Long Range Awd Autopilot Nav Pano Blind 39k on 2040-cars

Auto blog

Tesla Announces Details Of Proposed Gigafactory Battery Plant

It's another day and electric automaker Tesla Motors is in the news once again. Tesla announced Wednesday that they will be offering $1.6 billion in convertible senior notes to the public. According to the press release, Tesla will use these funds to assist in "the development and production of its 'Gen III' mass market vehicle, the development of the Tesla Gigafactory and other general corporate purposes." The "Gigafactory" is a proposed lithium-ion battery plant that will sit on an estimated 500-1000 acres of land, employ around 6,500 employees and have an estimated vehicle output of 500,000 units per year in 2020, according to the automaker. That amount of vehicles will require an estimated 50 gigawatt hours of energy per year in battery pack production. That's more energy in lithium-ion batteries than was produced globally in 2013. Construction of the Gigafactory is anticipated to take place during 2014 and all of 2015, followed by equipment installation in 2016. First production launch is scheduled for 2017. In keeping with the environmentally friendly theme, the Gigafactory will be "heavily powered" by both solar and wind energy, and according to our colleagues at Autoblog Green, "will also use older Tesla packs for storage." Tesla still hasn't announced in which state the factory will be built, but it has been narrowed down to four: Arizona, New Mexico, Nevada, and Texas. More details can be read in this PDF document released by Tesla and in the press release below. TESLA ANNOUNCES $1.6 BILLION CONVERTIBLE NOTES OFFERING WEDNESDAY, FEBRUARY 26, 2014 PALO ALTO, Calif., February 26, 2014 – Tesla announced today an offering of $1.6 billion aggregate principal amount of convertible senior notes in an underwritten registered public offering. Of the total offering, Tesla will offer $800 million aggregate principal amount of convertible senior notes due 2019 and $800 million aggregate principal amount of convertible senior notes due 2021. In addition, Tesla intends to grant the underwriters a 30-day option to purchase up to an additional $120 million in aggregate principal amount of convertible senior notes due 2019 and an additional $120 million in aggregate principal amount of convertible senior notes due 2021, for a total potential offering size of up to $1.84 billion. Tesla intends to use the net proceeds from the offering to accelerate the growth of its business in the U.S.

Watch Rimac's Concept One roast a LaFerrari and Tesla Model S in a drag race

It's been five long years since Rimac Automobili took the covers off of its Concept_One at the Frankfurt Motor Show. From the very beginning, Rimac has confidently touted the supercar's capabilities, but now we actually have proof of just how capable the Concept_One really is. Here's your takeaway: It's quick enough to show a Ferrari LaFerrari its taillights through the quarter-mile. If you've spent any time clicking around on YouTube, you've seen the Tesla Model S P90D trump all sorts of high-performance cars. In this video, the Tesla is really only there for reference, because the way the Concept_One bests the electric sedan is just brutal. For those not familiar with Croatia's electric machine, here's the lowdown: 1,088 horsepower and 2,800 pound-feet of torque thanks to four electric motors that put everything down off the line Zero to 62 mph in 2.6 seconds, 6.2 seconds to get to 124 mph from a standstill, and 0 to 186 mph in 14.2 seconds An independent gearbox for each electric motor with the front featuring single-speed gearboxes and the rear axle using two-speed double-clutch gearboxes Rimac All Wheel Torque Vectoring (R-AWTV) system that calculates the optimum amount of torque for each wheel On paper, the Concept_One makes a Tesla Model S P90D with Ludicrous Mode look slow. But a LaFerrari isn't a Model S. And it's definitely not an electric car. It's a stampeding thoroughbred with a naturally aspirated V12 and an electric motor that together make 950 horsepower. It can blitz the quarter-mile in roughly 9.8 seconds and is faster than the majority of cars on the road today. Granted, the LaFerrari is quicker to 60 mph than the Concept_One, at 2.5 seconds. In essence, this race between two titanic machines should be close. But it's not. It's not even close to being close. It's a massacre. Related Video: News Source: Archie Hamilton Racing via YouTubeImage Credit: Archie Hamilton Racing / YouTube Green Ferrari Tesla Coupe Electric Videos drag race ferrari laferrari Rimac

There's now a Tesla Model S registered in all 50 states

Yes, you too can impress friends at cocktail parties by knowing that the last state to go without a registered Tesla Model S battery-electric sedan was indeed Mississippi. And the second-to-last one was West Virginia. That's what Edmunds is saying, citing data from Polk. Mississippi was the final hold-out until one intrepid Jackson resident made the Model S plunge. The state's non-Tesla stature wasn't a surprise, given that Mississippi has the lowest percentage of plug-in vehicles in the country (on the flip side, Washington, Hawaii and California are there three most plug-in prevalent states by percentage of registrations). Another fun cocktail party fact: more than 20 percent of Mississippi's registered vehicles are trucks. Tesla took about a year and a half to finally register a vehicle all 50 states. Comparatively, the Nissan Leaf took almost two years to be registered in all states, while the Chevrolet Volt extended-range plug-in took just 11 months. Tesla sold about 22,300 Model S vehicles last year, and the approximately 6,900 units sold during the fourth quarter made it the country's best-selling plug in during that time. The bad news is that our Mississippi Tesla owner can't count on getting free electric charging from Tesla any time soon. The nearest Superchargers are in Texas and Florida, two states away. News Source: Edmunds.com Green Tesla Electric ev sales west virginia