2020 Tesla Model S on 2040-cars

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Elon Musk says 'right on' to letter asking for new Model S features

If you want to get Tesla CEO Elon Musk's attention, taking out a full-page ad in his local newspaper will apparently do the trick. That's what two self-proclaimed "very highly satisfied" Model S owners did, asking for a few small changes in the popular EV. In response, Musk Tweeted a picture of the ad and wrote, "Ad taken out in Palo Alto Daily [News] by two Model S owners is right. Many of the suggestions will be implemented soon." The ad also appeared in the Palo Alto Weekly. You can see all of the requests by clicking the image above, but we'll mention some of them here. Improved voice-activated phone dialing, better sensors (like blind-spot monitors), redesigned sun visor, automatically closing charging port door and then the big one: Tesla ads. Tesla isn't talking about when the new features will be available, but if any of those items are unlikely in the near future, it's Tesla advertisements. After all, why pay for media attention when a simple Tweet about other people paying for your ad can get tremendous amounts of attention?

Tesla will 'probably' raise Model S price in Europe

The price for the Tesla Model S around Europe started higher than the US price but then went down. On a recent conference call with investors last week, CEO Elon Musk said that the future price will be going up. Probably. The hike is unlikely to be major, and Musk said that it's all part of the occasional purchase price adjustments that the company needs to make: We're probably going to have to adjust the price of our car in euros upwards because there has been a 7 percent change in the exchange rates of the euro versus the dollar. So we'll periodically have to make pricing adjustments if the exchange rate band gets too wide. I would certainly encourage anyone in Europe to purchase their car soon because we probably will have to make an adjustment there. Some example Model S starting prices in Europe are 66,640 euros ($82,712) in Belgium, 65,740 ($81,595) in Germany and 59,440 euros ($73,776) in France. For now, anyway. At the beginning of 2014, a dollar got you 72 euro cents. Today, it gets you 80. That might not be a big difference when you're buying brews for your new best friends at the hostel, but as Deepak Ahuja, Tesla Motors' Chief Financial Officer, told investors that, "as the euro weakens, the effect on our revenue is immediate." You can read a full transcript of the call here and listen here.

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.