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BMW M850i Coupe, Jeep Wrangler Rubicon and a 1996 Toyota Land Cruiser | Autoblog Podcast #585

In this week's Autoblog Podcast, Editor-in-Chief Greg Migliore is joined by Senior Editor Alex Kierstein and Senior Editor, Green, John Snyder. This week, they talk about driving the BMW 8 Series Coupe, Jeep Wrangler Rubicon and Toyota Corolla Hatchback. Then they talk about the news, including electric Hummer rumors and Tesla pickup timing. Finally, they consider whether or not Greg should buy his neighbor's 1996 Toyota Land Cruiser. Autoblog Podcast #585 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 Cars we're driving: BMW M850i xDrive Coupe Jeep Wrangler Rubicon Toyota Corolla Hatchback In the news: Is an all-electric Hummer in the works? Tesla pickup truck is on its way Spend My Money: 1996 Toyota Land Cruiser Feedback Email – Podcast@Autoblog.com Review the show on iTunes Related Video:

Tesla dropped to 'junk bond' status by S&P

While Tesla Motors' Model S is a piece of pristine, well-designed metal, the company's bonds have now been rated as "junk." But maybe that's better than the other way around. We'll let the investors decide. Standard & Poor's gave Tesla's bonds a 'B-' rating this week, indicating so-called "junk status," Automotive News says. That means investors are saying the company has a relatively high chance of defaulting on its loans. S&P cites Tesla's short history, competition from some very large companies and relatively narrow product line (none of which are new facts), and estimates that investors would be able to recover 30 to 50 cents on the dollar should the company default. Tesla has been issuing billions of dollars in bonds this year to raise funds for its planned gigafactory somewhere in the southwestern US, a project that Tesla estimated will cost $5 billion ($2 billion from Tesla, $3 billion from partners). Tesla said earlier this month that it took a first-quarter loss of $49.8 million, compared to year-earlier net income of $11.2 million. While revenue rose 10 percent to $620.5 million, selling and administrative costs more than doubled while research and development costs jumped 48 percent. And while Tesla's share price has doubled during the past 12 months (it's at around $209 today), the company's liabilities doubled to $3.52 billion from the beginning of the year to the end of the first quarter. There's a short video on the situation from CNN Money below.

Elon Musk's Hyperloop idea still in motion

After teasing the concept in 2012, Tesla CEO Elon Musk released some thoughts on a high-speed transportation project called the Hyperloop in 2013. He then promptly renounced any claim on the idea and said he would not actually build the open source project. The hyperloop didn't die, though, and is still attracting new brainpower. Hyperloop Transportation Technologies was officially formed with a JumpStartFund late last year, a few months after Musk made the concept public. The company has since grown into a collective of about 100 engineers who have full-time gigs with companies such as Boeing, Airbus, NASA and, of course, Musk's own SpaceX, Wired says. Some students at UCLA are taking part in the design process, which is detailed in a new "crowdstorm" document. The idea behind the Hyperloop is to build above-ground tubes where passenger capsules devoid of friction (with the help of either air compression or magnetic levitation) can travel up to 800 miles per hour between cities such as Los Angeles and San Francisco. The HTT collective is already talking about having economy- and business-class capsules. The good news is that the group says the early predictions for Hyperloop remain realistic. That means a timeframe of about a decade to complete the first system with a price tag of between $6 billion and $10 billion is still on the table. For now, at least. Hyperloop Transportation Technologies, Inc. Announces New Designs, Crowdstorming Document and Core Team EL SEGUNDO, Calif., Dec. 19, 2014 /PRNewswire/ -- Hyperloop Transportation Technologies, Inc. powered by JumpStartFund announced today the crossing of major milestones, bringing the company closer to the goal of creating a working high speed mass transit system. These milestones include the finalization of the company's 100 core team members and the publishing of a new crowdstorm document. Recently acquiring its 100 core team members, Hyperloop Transportation Technologies is powered by the unique collaboration platform JumpStartFund. These 100 members are professionals, engineers and designers from some of the most esteemed organizations on the planet, including Boeing, Airbus, NASA, Harvard, UCLA, Stanford, and others, collaborating globally in the U.S., Asia, Australia and Europe. The company released a new crowdstorm document expanding on concepts and sharing the most recent developments produced by the company. Highlights from the paper include a detailed cost, route and safety analyses.