2020 Tesla Model S Long Range Plus on 2040-cars

Auto blog

Weekly Recap: The divergent paths of Tesla and Fisker

There's no doubt that Tesla is downshifting while Fisker has been grinding its gears. But it wasn't always that way.
In the wake of Tesla's recent success, it's easy to forget that there were once two California electric carmakers with bright futures.

Tesla curbs forecast due to Model S issues, losses total $864.9M

It ain't easy creating a brand-new automaker from scratch. The fact that Elon Musk and Tesla have actually been able to bring not one, but two cars to market is in itself quite impressive. That said, the road has not been without its bumps, and Tesla is feeling some of the setbacks that come with being a fledgling automaker.
To that end, Tesla has revealed that it expects $400 million to $440 million in full-year revenue, or roughly $160 million less than its prior 2012 revenue forecasts. In a Securities and Exchange Commission filing on Monday, the electric carmaker said "We have methodically increased our Model S production at a slower rate than we had earlier anticipated," leading to the company figuring they'll fall short of the $560 million to $600 million they originally forecasted. Tesla also revealed a net cumulative loss of $864.9 million through June 30 of this year - Tesla has yet to break even as an automaking entity, but it remains something of a startup, so the fact that it has lost money to this point shouldn't be a major surprise - building cars is expensive, and learning how to do so is even more expensive. Following the disclosure, Tesla shares fell about 8.5 percent this morning in trading.
Tesla cites delays in suppliers for its Model S production shortcomings. The California automaker says it is working with suppliers to speed up deliveries and internally, it is adding shifts and automation to its manufacturing processes. With little more than half of the 5,000-vehicle target expected to be built by year's end, Tesla says it is four to five weeks behind its delivery goals.

Recharge Wrap-up: Will.i.am's custom Tesla, Mahindra's Formula E livery

Take a look at Will.i.am's custom Tesla Model S caught on video in the wild in Beverly Hills. The over-the-top body kit comes from Black Eyed Peas member's own so-called car company, IAMAUTO. The deep-dish wheels appear to recede into nothingness, and the placement of the handles gives away the car's suicide rear doors, which a valet opens slightly at one point in the video. Overall, the custom job gives the EV a wide, low, and extremely chunky look. The man behind the camera gets a good view from a variety of angles, though whether there is actually a good angle for this particular Tesla is up for debate. Check it out in the video above, and read more at Teslarati. 1,635 Smart cars traveled in a parade through Hamburg, Germany as part of Smart Times 2016. At the 16th such gathering of Smart enthusiasts and their vehicles, the group beat the former world record of 1,427 parading cars at Smart Times 2014 in Cascais, Portugal. In addition to meeting with like-minded fans and showing off their fuel-sipping and electric runabouts, Smart Times attendees had the opportunity to test drive new models, talk to designers and tuners, enjoy live music, and meet beach volleyball players Laura Ludwig and Kira Walkenhorst, who arrived in a golden Smart Fortwo Cabriolet. There will be yet another opportunity to set a new record next year, when the Smart community will descend upon Salou, Spain. Read more from Daimler. ChargePoint is offering 10 percent off its ChargePoint Home EV charger. In honor of National Drive Electric Week, the deal on the 32-amp charging station is good until September 18, 2016. ChargePoint Home comes in hardwired and plug-in versions with either an 18- or 25-foot cable, and is for sale on Amazon. Read more from ChargePoint. Mahindra Racing has new livery for the third season of Formula E. The livery for the team's M3Electro racecar debuted at Donington Park for the first round of preseason testing. Mahindra held an online contest called #DrivenByDesign to choose its new look, with the winning design created by Spanish artist Adria Haro Jorba. Pininfarina Chief Designer Fabio Filippini chose Haro Jorba's design, which visualizes the car's aerodynamics and makes use of India's national colors. Learn more in the press release from Mahindra Racing.