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Weekly Recap: The cost of Tesla's ambitious plans for growth

Tesla has ambitious plans for growth, and they won't come cheap. The electric-car maker said this week it plans to spend $1.5 billion in 2015 to expand production capacity, launch the Model X crossover and continue work on its Gigafactory, which is being built outside of Reno, NV. The company is also investing in its stores, service centers and charging network, which is expected to grow by more than 50 percent this year. Plus, it's still working on the Model 3, which is scheduled to arrive in 2017. "We're going to spend staggering amounts of money on [capital expenditures]," Tesla chairman and CEO Elon Musk said on an investor call. He then added: "For a good reason. And with a great ROI [return on investment]." They're bold plans, and Musk is clearly willing to put Tesla's money where his mouth is. That's why the company is projecting a whopping 70-percent increase in deliveries this year, for a total of 55,000 cars. A large chunk of that growth will come from the addition of the Model X crossover to Tesla's portfolio, and the company already has nearly 20,000 reservations for it. More than 30 Model X prototypes have been built, and it is expected to begin shipping to customers this summer. Musk said he's "highly confident" the vehicle, which has experienced delays, will arrive on time. The company also had more than 10,000 orders for the Model S at the start of the year. The big spending plans caused a stir, even though Tesla spent $369 million on capital expenditures in the fourth quarter alone. In a note to investors, Morgan Stanley analysts called the costs required to keep pace with Tesla's demand "eye-wateringly high," and said the $1.5-billion figure was nearly double their expectations. Still, Musk is not thinking small and suggested that his company could be as big in 10 years as Apple is now if Tesla's growth continues. His optimism comes as the company actually reported a $294-million net loss in 2014, more than its $74-million loss in 2013. The money, however, continues to roll in, and total revenues increased to $3.2 billion in 2014, up from $2 billion in 2013 and a dramatic surge from $413 million in 2012. More of the same is expected this year, and the company could reach $6 billion in revenue. As Morgan Stanley noted, it "seems Tesla is preparing to be a much larger company than we have forecasted." It's certainly spending that way.

Recharge Wrap-up: QR code hints at Tesla Supercharger in Mexico, Lyft tests scheduling

A QR code in a parking garage hints at an upcoming Tesla Supercharger in Mexico. The mysterious QR code directs to a tweet from Elon Musk where he affirms that Tesla will expand its charging network into Mexico "this year." The folks at Teslarati reached out to the automaker, and a spokesperson responded by saying, "Yes, we can confirm that we are planning on having our first Supercharger in Mexico in Cuernavaca City." That's about 50 miles south of Mexico City, where the country's lone Tesla store is located. Read more at Teslarati. Lyft is testing out a ride scheduling system for its ride-hailing service in San Francisco. When requesting a ride, users can select a pickup time up to 24 hours out, ensuring they'll be able to get where they need to go. Users can cancel or change the time up to 30 minutes before their scheduled ride. Lyft says it plans to expand the scheduling service to more users this summer. Read more from Lyft, or at Green Car Congress. Renault is partnering with other automakers and charging operators as part of the EU's Fast-E charging project. Fast-E seeks to install fast-charging infrastructure for electric vehicles along Germany and Belgium's main motorways, financed by the EU and nine companies, including Renault, BMW, Volkswagen and Nissan. The 278 charging stations will be installed every 50 miles along the major roadways by the end of the year, at a cost of about $20 million. A sister project in the Czech Republic and Slovakia plans to add another 30 charging stations in those countries. Read more in the press release below. Renault is a partner of the European fast-charging project Fast-E in Germany • Official launch of Fast-E project co-financed by the European Union and nine companies, including Renault, in Berlin and Brussels. • 241 charging stations installed in Germany and 37 in Belgium by the end of 2016. • A sister project between the Czech Republic and Slovakia adds another 30 charging stations. The 278 charging points set up every 80 km along Germany and Belgium's main motorways, will allow drivers of electric vehicles to "refuel" and extend their car's range. The total investment of the EU-funded cooperation is approximately ˆ18 million. Every one of the multi-standard fast-chargers spread out over four countries have AC and DC connections, allowing drivers to charge their vehicles' batteries easily and quickly. Electric vehicles can be charge up to 80% on the charging stations within an hour.

Recharge Wrap-up: "E-Mobility Thought to the End" project, Tesla owner tracks stolen car

A Tesla owner helped police track her stolen Model S and catch the thief. Katya Pinkowski of Vancouver, BC found her car missing after a concert, and she was able to track the car's movements with the Tesla app. She relayed the information to the police, who surrounded the car and arrested the driver. "High tech definitely played a helping role," in arresting the suspect, says Richmond RCMP spokesman Cpl. Dennis Hwang. In what appears to be the first Tesla theft in Canada, Pinkowski accidentally left an electronic fob in the car, giving the thief easy access. Read more from The Province. Hyundai has delivered a shipment of 50 ix35 (Tucson) Fuel Cells for distribution in Europe. Europe's largest ever shipment of the hydrogen-powered vehicles puts the count at over 250 of the ix35 Fuel Cells shipped to Europe so far. "This latest landmark delivery enhances our leading position in the roll-out of fuel cell vehicles in Europe," says Hyundai Europe COO Thomas Schmid. "With our fuel cell distribution network growing to 13 European countries, we are enhancing our sales and customer service capabilities, making fuel cell electric vehicles more accessible for customers throughout Europe." Read more in the press release from Hyundai. Daimler, The Mobility House, Getec and Remondis are partnering to connect the world's largest second use battery storage unit to the grid. As part of their "E-Mobility Thought To The End" project, retired EV batteries are being used in the 13-MWh storage unit to help stabilize the grid and help manage energy fluctuations from renewable sources. It serves as another step in the life of the battery before recycling, where the materials from the lithium-ion batteries re-enter the production process. This helps reduce the environmental impact and the costs of electromobility. Read more in the press release below. E-mobility thought to the end: World's largest 2nd-use battery storage unit set to connect to the grid • Cooperation between Daimler, The Mobility House, GETEC and REMONDIS completes the battery value creation cycle • Re-use of electric vehicle batteries improves environmental performance and the lifecycle costs of e-mobility • 13-megawatt battery storage unit to connect to the grid in early 2016 • Levelling out fluctuations in the power grid as an active contribution towards the energy revolution The world's largest 2nd-use battery storage unit will soon go into operation in the Westphalian town of Lunen.