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Tesla Roadster 3.0 package prototype announced with 400-mile possibilities

Once a car company ceases to manufacture a particular model, it is relegated to history, largely forgotten by its maker. Sure, warranties are honored and recall-worthy items are (hopefully) taken responsibility for, but post-production improvements are left up owners and the aftermarket. With the announcement of the Roadster 3.0 package, Tesla once again reminds us it is not most car companies. Following a heads-up given by CEO Elon Musk last week on Twitter, the company has now shared some details of a new upgrade it will be making available for its electric sports coupe sometime in 2015. For a yet-to-be-disclosed price, owners can opt to have their cars upgraded with a 70-kWh battery, some aerodynamically-optimized body bits and low-rolling resistance tires. Together, the enhancements should offer a 40-50 percent range improvement and give Roadsters a 400-mile range under certain conditions. Originally, it came with a 56-kWh unit and was rated for 245 miles on a charge. Tesla tells us that "this is a retrofit package currently in its prototype phase", and so it still isn't clear whether the changes will allow Roadsters to be compatible with the Supercharger network, or whether the body kit will affect the outward appearance. We do know that this automotive augmentation does not also apply to the Model S, though it does give hope that those cars will also be on the receiving end of similar upgrades in the future. The California company plans to put its 3.0 package to the test sometime early in the new year, with a road trip from San Francisco to Los Angeles. Interestingly, it says that this will not be the last time it offers improvements for its original model. You can get more details on the update below. Roadster 3.0 The Roadster 3.0 package applies what we've learned in Model S to Roadster. No new Model S battery pack or major range upgrade is expected in the near term. Battery technology has continued a steady improvement in recent years, as has our experience in optimizing total vehicle efficiency through Model S development. We have long been excited to apply our learning back to our first vehicle, and are thrilled to do just that with the prototype Roadster 3.0 package. It consists of three main improvement areas. 1. Batteries The original Roadster battery was the very first lithium ion battery put into production in any vehicle. It was state of the art in 2008, but cell technology has improved substantially since then.

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.

Recharge Wrap-up: Elon Musk talks autonomous cars, Renault to run ZOE in ZENN Monte-Carlo Rally

Elon Musk discussed the autonomous driving capabilities of the Tesla Model S with NVIDIA CEO Jen-Hsun Huang. He said the car is already equipped with the hardware needed for highway driving. "Even with the current sensor suite, we could make the car go fully autonomous, but not a level of reliability that would be safe in, say, a complex urban environment at 30 miles an hour," says Musk. That would require "a bigger sensor suite, and you need more computing power." Huang and Musk also discussed car hacking and artificial intelligence during the interview at the 2015 GPU Technology Conference. See the video above, and read more at Teslarati. Renault will send four of its ZOE electric cars to the ZENN (Zero Emission, No Noise) Monte-Carlo Rally. The rally, which travels through the principality beginning and ending at the Port of Monaco, is open to electric cars with ranges of less than 250 kilometers (about 155 miles). Visitors can also explore an "electric village," which includes vehicle test drives and information about the future of automobiles. The race takes place from March 20 through 22. Read more in the press release from Renault below. A Seattle-area Nissan dealership has opened a "charging depot" with six fast chargers. Bellevue Nissan now claims to have a larger group of fast chargers than any other dealership in the country. The chargers are part of the NRG eVgo network, and will be available to drivers around the clock every day of the week. They'll also be part of Nissan's "No Charge To Charge" program for Leaf customers. Washington Governor Jay Inslee was on hand at the dealership for the opening, where he called such fast charging stations, "the backbone of our future transportation infrastructure." Read more at Hybrid Cars. A coalition of environmental groups and renewable energy advocates want New York to require all heating oil sold in the state to include at least two percent biodiesel. The proposal passed the Assembly's Committee on Environmental Conservation Tuesday. Its sponsor is Assemblyman Steven Englebright, a Long Island Democrat who says a biodiesel standard would reduce carbon emissions while boosting the state's agricultural industry. Supporters of a biodiesel standard include the New York League of Conservation Voters, the New York Public Interest Research Group and the state's Corn and Soybean Growers Association. Conventional oil companies are opposed.