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Recharge Wrap-up: NADA chairman keeps 'Get The Facts,' Teslarati improves at Buttonwillow

Zap and Jonway Autos will sell their electric minivan under the Dongfeng brand. Dongfeng will sell 5,000 units of the EV minivan as a cargo delivery van. Based on the passenger version, the extra seats will be removed to make room for whatever you'd like to carry, as well as a battery large enough to offer over 300 kilometers (184 miles) of driving range per charge. Zap/Jonway expects to have the van ready for delivery by June of this year, with subsequent sales handled by Donfeng's partner, Shi Kong. Dongfeng is one of China's top four government-owned automakers, and is in partnerships with Honda and Nissan, among other automakers. Read more in the press release below. The National Automobile Dealers Association (NADA) will continue its "Get The Facts" campaign under its new chairman. "Get The Facts" tries to explain to the public the benefits of the dealership franchise system – a campaign that also serves as an anti-Tesla platform. In an interview with Ward's Auto, Nada Chairman William Fox says he'll continue those efforts. Fox says that a direct-to-consumer sales method (like Tesla's) could "entice a niche auto manufacturer with lower volume serving a small market," but that "the dealer franchise model is proven to work best." Green Car Reports points out that Fox provides no real-world studies to support this. Check out the interview at Ward's Auto and read more at Green Car Reports. The Teslarati 48 clocked its best time of 2:12 at Buttonwillow Raceway. The folks at Teslarati have taken the Tesla Model S to various racetracks around California and Nevada to test the sporting chops of their beloved EV. This year's time is an improvement over last year's best lap by the Teslarati 48 of 2:19. They give a nice rundown of the track and their experience driving it, including setup, difficulties, charging and power consumption-great reading material for anybody thinking about taking their Model S out for some hot laps. See the 2:12 run in the video above and read more at Teslarati. ZAP and Jonway Auto's EV Minivan will be OEM by Dong Feng Motor Corporation, one of the four China's Largest Auto Group through Shi Kong, Zhejiang SANTA ROSA, Calif., Feb.

2021 BMW M3/M4 and Volkswagen ID.4 revealed | Autoblog Podcast #646

In this week's Autoblog Podcast, Editor-in-Chief Greg Migliore is joined by West Coast Editor James Riswick. Together, they tackle a week's worth of big news, including the reveals of the BMW M3 and M4 and Volkswagen ID.4, as well as Tesla's Battery Day. Greg's been driving the long-term Subaru Forester, and gives us an update on that, while James discusses the current state and direction of Cadillac after driving the CT5. Then, the two dads talk about child seat safety, as well as random things they've learned from having children of their own. Autoblog Podcast #646 Get The Podcast iTunes – Subscribe to the Autoblog Podcast in iTunes RSS – Add the Autoblog Podcast feed to your RSS aggregator MP3 – Download the MP3 directly Rundown 2021 BMW M3 and M4 revealed with a standard manual and up to 503 horsepower 2021 Volkswagen ID.4 breaks cover with 250-mile range Why the Volkswagen ID.4 is a Very Big Deal Elon Musk promises $25,000 car, EV battery cell that costs half — but not soon 2022 Tesla Model S Plaid coming with three motors and more than 1,100 horsepower Cars we're driving: Long-term 2019 Subaru Forester 2020 Cadillac CT5 A conversation on child car seats Feedback Email – Podcast@Autoblog.com Review the show on iTunes Related Video: Green Podcasts BMW Cadillac Subaru Tesla Volkswagen Safety Coupe Crossover Electric Luxury Performance Sedan

Wall Street still irrationally exuberant over Tesla shares

In a world where electric cars are far from the norm, it seems odd to us laypeople that you can't buy a share of Tesla stock (ticker symbol TSLA) for less than $230. But a research note issued Monday from Goldman Sach's respected team of auto industry analysts (seen in PDF form in our gallery) has added fuel to the irrational exuberance fire, guaranteeing that Tesla's stocks should hover at these seemingly unreasonable prices for some time.
Goldman Sachs analyst Patrick Archambault compared Tesla CEO Elon Musk to Apple's Steve Jobs, saying the Model S is a lot like the iPhone. The major difference is that it will take a lot longer for Tesla's electric cars to make a sizable dent in the auto industry, Archambault said, than it took for the iPhone to take over the smart phone world. If Tesla rolls out a non-luxury car in the next few years as is rumored, Archambault predicts the company could be selling 500,000 electric cars a year by 2022 or 2023. Based on those projections, the Goldman Sachs analysts says a fair price for Tesla's stock right now is about $200 a share.
Which, in the upside-down world of Wall Street, means the current share price of around $238 is nearly $40 overvalued. But that hasn't stopped traders from pushing up the price of Tesla's stock today between $3 and $4 a share. Over at Oilprice.com (subscription), contributor Martin Tiller on Friday was already sounding the alarm bells, saying Tesla share's are overpriced, despite the promising technology.