2021 Tesla Model 3 Standard Range Plus 4dr Sedan on 2040-cars

Auto blog

Stocks down as automakers, Boeing lead China's hit list in trade spat

Shares in U.S. exporters of everything from planes to tractors fell on Wednesday after China retaliated against the Trump administration's tariff plans by proposing duties on key U.S. imports including soybeans, beef and chemicals. U.S. automakers' products are prominent on China's list of tariff targets, yet shares of automakers ended higher on Wednesday as Wall Street stocks changed course in the afternoon when investors' trade fears subsided. Tesla shares closed 7.3 percent higher at $286.94, Ford shares gained 1.6 percent to close at $11.33, and GM shares were up 3 percent at $38.03. Aircraft maker Boeing closed down 1 percent, weighing the most on the Dow Jones Industrial Average as documents from China's Ministry of Commerce and the U.S. manufacturer showed the move would affect some older Boeing narrowbody models. It was not immediately clear how much the tariffs would impact its newer aircraft. Boeing said it was assessing the situation while analysts from JP Morgan said the proposals from China looked to have been calibrated carefully to avoid a major impact on the planemaker. Fellow Dow component 3M lost as much as 2.4 percent. And farming equipment maker Deere lost nearly $10 per share at its lowest. The company urged the two countries to work toward a resolution to "limit uncertainty for farmers and avoid meaningful disruptions to agricultural trade." The speed with which the trade spat between Washington and Beijing is ratcheting up — the Chinese government took less than 11 hours to respond with its own measures — led to a sharp selloff in global stock markets and commodities. China was hitting back against U.S. President Donald Trump's plans to impose tariffs on $50 billion in Chinese goods with similar tariffs on U.S. goods even as Trump said the country is "not in a trade war with China." "Everybody knew they were going to retaliate. The question was how strong of a retaliation. Today's move clearly shows that they mean business," said Adam Sarhan, chief executive of 50 Park Investments in New York. China levied 25 percent additional tariffs on U.S. goods, but unlike Washington's list that covers many obscure industrial items, Beijing's covers 106 key U.S. imports including soybeans, planes, cars, whiskey and chemicals. Trump denied that the tit-for-tat moves amounted to a trade war between the world's two economic superpowers.

Recharge Wrap-up: Tesla factory loses power, plant genes modified for biofuel

Tesla's Fremont factory was shut down on Friday morning when a crane knocked out power to the facility. No injuries were reported and Tesla didn't say what effect the outage would have on production. Read more from SFGate or from CNBC. Researchers have genetically modified a plant for lower-viscosity seed oil to make biodiesel. With the viscosity of many plant-based oils being too high for use in modern high-pressure conditions required by emissions laws, this breakthrough is promising. Kansas State University scientists have added Euonymous Alatus (burning bush) genes to the Camelina Sativa plant to produce a thinner seed oil more suited for use in biofuels. Camelina grows easily, and since it isn't a food crop, concerns of genetic modifications are minimal. Testing of the oil in fuel could begin next year, after harvesting a large enough supply. Read more from Green Car Reports and from The Topeka Capital-Journal. The EPA's Mobile Vehicle Emissions Simulator (MOVES) could cause problems for higher ethanol blends. According to an editorial from Urban Air Initiative president David VanderGriend, MOVES is biased against ethanol blends, using test fuels that don't reflect the characteristics of real-world consumer fuels. "We must stop the MOVES model from being implemented, or all of the industry's other initiatives will be undermined," says VanderGriend. "States will have their hands tied and will simply not be allowed to approve higher blends." Read the column from Ethanol Producer Magazine. A Citroen C-Zero driver experienced unexpected fees when turning in the car at the end of its lease. The final bill included inspection and transportation fees under the "Damages" section of the report, totaling over GBP300 (about $470). The author has found no mention or documentation of such fees prior to collection, and is contesting the charges. Read more at EV Meerkat, where the author will update readers while Citroen customer service looks into the matter. Featured Gallery Tesla Factory Related Gallery Citroen C-Zero News Source: SFGate, CNBC, Green Car Reports, The Topeka Capital-Journal, Ethanol Producer Magazine, EV MeerkatImage Credit: AP Photo/Paul Sakuma Government/Legal Green Plants/Manufacturing Tesla Citroen Alternative Fuels Biodiesel Ethanol recharge wrapup

Musk teases hyperloop test track for Texas, mulls pod races

In what was seen as an attempt to persuade legislators to allow Tesla to operate stores in Texas, Elon Musk visited Austin to do some political horse trading. We don't yet know how he fared, but it looks like Texas is getting a hyperloop test track out of the deal. And, it seems, the electric car mogul is mulling the creation of a pod racer competition, similar to the Formula SAE series, to go with it. As we've mentioned before, the hyperloop is a high-speed, train-in-a-tube transportation system – think 4,000 miles per hour. Musk has released a 57-page document outlining how it might work. The billionaire entrepreneur, as is his wont, took to Twitter to make the announcement. We note that he does use the qualifier "probably" in his statement, which leads us to believe he is expecting something in return for the unique investment. In lieu of an official press release, we leave you with his Tweetings outlining his proposals: This content is hosted by a third party. To view it, please update your privacy preferences. Manage Settings. This content is hosted by a third party. To view it, please update your privacy preferences. Manage Settings. News Source: Twitter Green Tesla Transportation Alternatives Technology Future Vehicles hyperloop