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Is Tesla Motors becoming a Republican darling?

The general political attitudes taken by the left and right in the US are, sadly, divided on the issue of fuel efficient vehicles. Broadly speaking, Republicans dislike the whole idea (even going to absurd extremes like Newt Gingrich saying that inflating your tires helps Big Oil) while Democrats are in favor. The stereotype even gets in the way of people thinking that the DOE's Advanced Technology Vehicles Manufacturing (ATVM) loan program is an Obama Administration creation. It's not, and was started under President Bush in 2008. The political divide has been particularly strong when it came to Tesla Motors. Most readers probably remember when Republican Presidential contender Mitt Romney attacked the automaker during a debate with President Obama. New Jersey governor Chris Christie has been fighting Tesla's moves in his state as well. But, wait, is there a change in the air? The San Francisco Chronicle's David Baker has written an interesting story that looks at some positive statements from prominent Republicans recently, for example when Bill O'Reilly said everyone should get behind Tesla or when Texas governor Rick Perry said he supports the EV automaker selling directly to customers. Baker has an interesting take on this shift and what it might mean for upcoming elections. We recommend you head over to SFGate to read the whole thing. Here's a teaser: Some Democrats doubt, however, that the GOP as a whole will embrace Tesla and clean tech anytime soon. Wade Randlett, a Silicon Valley executive and major Democratic fundraiser, noted the Republican Party's deep ties to the oil industry - the companies most threatened by electric cars. Read the whole article.

Tesla Gigafactory will be capable of supplying packs for 500,000 EVs a year

We made our gigafactory predictions the other day and, it turns out, we were pretty much on target. Today, Tesla Motors released the first official details on its upcoming massive battery plant and we see sun and wind power feeding energy into a plant that will employ around 6,500 people and make enough packs for around a half-million Tesla EVs a year. You read that right. Tesla is getting ready to produce 500,000 EVs a year, and that's already in 2020. Tesla hopes to start selling a lower-cost EV, the Model E, in about three years. The finalists for where the Gigafactory will be built include the Southwestern states of Nevada, Arizona, New Mexico and Texas (our money is on Nevada). We were a little low on the estimated battery output. Instead of being able to make 30 Gigawatt-hours of batteries per year, Tesla is saying that it will have enough capacity to produce 35 GWh of cells and 50 GWh of packs a year. We think that's for both EVs and stationary applications and have reached out to Tesla for confirmation on this point. You can see the details for yourself here and in our gallery below. Through 2020, Tesla will directly invest around $2 billion in the plant and its partners will pony up another $2-3 billion for a total cost of $4-5 billion. That's a lot of cash, but Tesla says that it will make buying an EV much, much cheaper. The company is saying that, once the plant is up and running for the first year, the per-kWh cost of a Tesla battery pack will be lowered by "more than 30 percent." Maybe that Model E isn't such a pipe dream after all. Also today, Tesla announced a new convertible notes offering worth $1.6 billion. Details are available 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.

Tesla in talks with BMW about batteries, charging collaborations

With Toyota and Daimler no longer holding Tesla shares, the electric vehicle company might be looking for a new partner – possibly a Bavarian one. In a new interview with Germany's Der Spiegel, CEO Elon Musk confirmed that he has had talks with BMW execs about future collaboration. "We are talking about whether we can collaborate in battery technology or charging stations," Musk said in the interview, according to Reuters. However, a Tesla spokesperson has tempered things by saying no formal agreements are in place at the moment. In the same interview, Musk reportedly praised BMW's use of carbon-fiber-reinforced plastic in its i sub-brand offerings, and said he would like to have a battery factory in Germany in the next five or six years. The possibility of technological cooperation between Tesla and BMW has been a hot topic this year. In June, Musk reportedly met with BMW execs, and the two companies were also rumored to have met with Nissan to discuss charging technology. When Daimler sold off its shares, there was talk of it opening the way for possible collaboration between the two automakers, as well.