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Elon Musk talks Tesla Model S updates, AWD version, Model X deliveries

Tesla Motors CEO Elon Musk does things differently than the heads of other car manufacturers. Case in point, he just made a quick European tour with stops in the Netherlands, Germany and Norway where he, along with CTO JB Straubel, held lengthy question and answer sessions with Tesla owners, reservation holders and other interested parties. Now, we recognize that the California company has a significantly smaller customer base than traditional automakers, making these sorts of events more logistically easy (see also: Fisker). Still, the effort is a refreshing change from scripted press conferences, and allows Tesloids to voice their concerns and criticisms to the exact person with whom the buck stops. It's also good for Tesla, in that it gives new ideas for future improvements a chance to reach the ears of those best placed to implement them. We out here in the wider world like these sessions because they give us a bit of extra insight into the firm's progress and future plans. So what are some of the things we can expect from the electric automaker in the coming months and years? Version 6.0 software is a few weeks away and includes real-time traffic information as well as increased suspension functionality, like lowering and heightening on command. Supercharger production is maxed out and installs are happening at a rate of around five per week. Superchargers will soon pump power at an impressive 135 kW rate, but will plateau there. An AWD Model S will be coming, perhaps around same time as the Model X. Bigger battery pack options may arrive as soon as next year. The new giga-factory for batteries could bring costs down by at least 30 percent, ideally 40 percent and will produce about 30 gigawatt-hours worth per year. After ramp up, volume production of Model X is expected to begin around April 2015. To improve comfort, there will be a seat modification available in the near term, and a different seat option available in a year (or so). Battery swapping between Los Angeles and San Francisco should be online in a few months. The company has analyzed energy usage in production process and claims energy payback happens in less than 10,000 miles. May release white paper on this soon. For lots more tips and tidbits (home energy-storage unit, anyone?) scroll down to watch video of the Netherlands exchange. The Norwegian event – held in a theater because of the crowds – can be viewed at this link. This content is hosted by a third party.

Recharge Wrap-up: more than 600K EVs worldwide; Musk sees demons in AI

More than 600,000 battery electric and plug-in hybrid cars have been sold worldwide. This number is up 20 percent in the last four months, and includes the top 10 countries for EVs. The number does not include most commercial vehicles, motorcycles, buses or EVs not legal for highway use. The US accounts for about 260,000 of those tallied, and is the largest adopter of EVs, while Sweden is the most aggressive. The largest growth occurred in Sweden, Germany, China and the UK. Read more at Hybrid Cars. EV drivers can now pay for charging at ChargePoint stations with Paypal. Drivers can link Paypal to their ChargePoint account, and can use their ChargePoint app or card at the station. The first time drivers use Paypal at a station that charges a fee, they will be charged a $25 deposit from which the fee will be deducted. Read more in the press release below. The first NTx Apps Challenge awarded cash to five app development projects, including Juxt and GridLock. Juxt is a mobile app that helps drivers find alternative fuel, parking spots and other points of interest along their routes. GridLock is a traffic light network that monitors traffic patterns and controls lights to optimize traffic flow. Winners get cash, continued mentorship and office spaces. Read more in the press release below. Renault says it could sell the Eolab at around the same price as its diesel-powered Clio. The Eolab, which debuted as a concept at this year's Paris Motor Show, is said to be capable of up to 235 mpg. While Renault has not announced plans to mass-produce the super-efficient Eolab, the company's chief competitive officer Thierry Bollore said that if it did, it would "not cost more than a Clio DCi 90hp," which starts at about $23,900. Read more at Automotive News Europe. An author at Teslarati has created his own system to get notifications whenever Tesla adds a new Supercharger to its network. Using a web scraping tool, Rob M. has set his @TeslaLiving Twitter account to tweet the details whenever Tesla updates its Supercharger page, or when Teslarati's Interactive Tesla Supercharger Map gets a new location added. Rob has also created notifications for whenever new versions of Tesla software are added. Read more at Teslarati. Tesla CEO Elon Musk considers artificial intelligence an "existential threat." In a symposium at MIT, Musk said, "With artificial intelligence, we are summoning the demon." It's a demon he fears we can't control.

Tesla could need another $6 billion to really change the auto landscape

Telsa Motors has some big plans. The electric car company is building its $5-billion Gigafactory near Reno, NV to guarantee a steady supply of lower-cost batteries, has plans to release two new models and is even talking about providing home energy storage on a large scale. The California automaker is ramping up EV production, and hopes to eventually be producing 500,000 cars per year. To do all this, Tesla is going to need a lot of cash, particularly if any of its cars becomes the "next big thing," so to speak. This is money Tesla would need in addition to the revenues it already pulls in. Patrick Archambault, an analyst at Goldman Sachs, said last week that Tesla could need at least $6 billion through 2025 to complete all of the plans listed above and any others, should Tesla become the automotive Apple. An increase in popularity that would see the company hit its production targets would create a need for capital to match that growth. Keep in mind, this is money it would need in addition to the revenues it already pulls in. Tesla has already secured a portion of the funds for its Gigafactory, but still needs to make up the rest. Some will come from its partner Panasonic and Tesla is receiving some serious tax incentives from the state of Nevada (to the tune of $1.2 billion). Archmabault predicts that most of the funds would be needed beginning in 2017, suggesting that Tesla has the financial means to reach its target of 100,000 vehicles by the end of next year. It's not until the Model III comes into play that Tesla might come to need the hefty sums suggested by the analyst. Whether Tesla will become more of a disruptive brand in the automotive world is still anybody's guess. Still, Archambault's suggestion of that possible $6 billion figure was enough to have an effect on Tesla's stock price, which fell after the estimate was released last week, and remains down as of this writing after a note from JP Morgan. Featured Gallery Tesla Model S View 24 Photos Related Gallery Tesla Model X View 15 Photos News Source: Bloomberg via Green Car ReportsImage Credit: Copyright 2014 Drew Phillips / AOL Green Plants/Manufacturing Tesla Electric gigafactory