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Why Tesla will need more loans to make it through 2013

It's fun to bet against Elon Musk and Tesla - that's the best reason we can find for so many people doing it even though the man, his company and his cars are still here and still very popular. The latest name inscribed in the column labeled "Skeptical of Tesla" is John Shinal at Market Watch who, in year-end commentary on Tesla's financials, says that the "carmaker's financials are reminiscent of a dot-com's." He does not mean that in the good way.
To be fair, Shinal isn't exactly betting against Tesla, he's saying that if you check the bottom lines, the only thing keeping Tesla alive is the hundreds of millions in Federal Department of Energy loans it has received. Based on its filings, he says the company has less than six months of cash on hand, hasn't produced as many cars as it promised and had to lower its revenue forecast for 2012, has had a "year of net losses and negative operating cash flow," and was underwater by at least $37 million at the end of the third quarter.
But Shinal's not done there, summarizing Tesla as an operation with "a poor habit of failing to deliver to customers the cars it has promised them, while simultaneously raising the prices of those yet-undelivered cars," and "a lousy level of customer service." He says there are more damning things to be found in Tesla's SEC registration settlement from September, but we'll have to wait for his next column to find out what those are. The takeaway, in Shinal's opinion, is that even though Tesla will keep getting money from the government, that investors have no business dealing in Tesla stock.

What does the open patents deal mean for Tesla ... and BMW?

Gift to the world or trade bait? Tesla Motors announced this week it would open its patents for other automakers to use. That has analysts guessing whether the California-based electric-vehicle maker is looking to either swap trade secrets with other automakers or to expand the proverbial pie that represents the plug-in vehicle market. For its part, Tesla says the answer is B. BMW, which is establishing its i sub-brand of plug-in vehicles, would be a natural collaborator with Tesla, Forbes says. In fact, executives from the two companies met in Europe this week. Details were not released, but a BMW spokesman said, "Both companies are strongly committed to the success of electromobility and discussed how to further strengthen the development of electromobility on an international level." While Tesla brings battery technology to the table, BMW offers its carbon-fiber advancements that lighten vehicle-body weight. Those advancements are key to range-extending efforts and could do wonders for Tesla on its journey to help spur technology for the sake of getting more of the general public to accept plug-in technology as a viable first-car option. Then again, Forbes says Tesla, whose investors include Mercedes-Benz parent Daimler and Toyota, may be keeping its best technologies to itself by not patenting certain advancements at all. What's in Tesla's patent pool? uAutoInsurance analyzed Tesla's 249 patents and found that 104 of them related to battery technology, while 28 pertained to recharging activity, which wasn't surprising (about a quarter of those 249 patents couldn't readily be categorized). Tesla also has nine patents related to sunroof technology. The company is based in California, after all.

Recharge Wrap-up: Shell stops AK ocean drilling, Lego Tesla Model S

Shell says it will halt exploratory drilling near Alaska's coast. While the oil giant has found some oil and gas below the waters, the amount it is finding is not worth the high costs of drilling. Shell also cites "the challenging and unpredictable federal regulatory environment in offshore Alaska" as part of its decision to move on from drilling in the Chukchi Sea, but it is possible public protests had an impact, too. Read more at Treehugger, and in the press release from Shell below. The University of Central Florida's Electric Vehicle Transportation Center will host the EV Transportation and Technology Summit from October 20 to 22 in Cocoa, Florida. The summit is geared toward businesses and organizations with the goals of increasing EV awareness, reviewing current and near future technology, and pointing out deployment achievements and challenges. While its coverage will be more general, the event will focus especially on planning and infrastructure requirements. Learn more at Hybrid Cars, or at the event website. The Tesla Model S still looks good when scaled down for a Lego minifig. A man named Cole Edmonson created a tiny brick version of the iconic EV, and managed to retain the car's distinguishing good looks. Edmonson provides a write-up detailing the process of creating the small, plastic Tesla copy. It's considerably more complicated than one would think. Check out the whole process at Brick Replicas, and read more from The Brothers Brick. Renault and Donfeng will build an electric car in China based on the Fluence ZE. The joint venture between the two automakers - called Dongfeng Renault Automotive Company (DRAC) - will produce the car in its Wuhan plant in 2017. The car will be sold solely in the Chinese market under a local Dongfeng brand. "This EV agreement illustrates Renault's engagement as partner of COP 21," says DRAC CEO Jacques Daniel. Read more at Green Car Congress, or in the press release below. Dongfeng and Renault agree to produce electric vehicles in China On the occasion of the visit of ZHU Yangfeng, Chairman of Dongfeng Group, at the Renault R&D center, Dongfeng Renault Automotive Company (DRAC) announces the production of its first electric vehicle in China. As part of the Joint Venture between Dongfeng and Renault, DRAC will produce an electric vehicle that is based on the Fluence Z.E.