2023 Tesla Model S on 2040-cars

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Recharge Wrap-up: more than 600K EVs worldwide; Musk sees demons in AI

More than 600,000 battery electric and plug-in hybrid cars have been sold worldwide. This number is up 20 percent in the last four months, and includes the top 10 countries for EVs. The number does not include most commercial vehicles, motorcycles, buses or EVs not legal for highway use. The US accounts for about 260,000 of those tallied, and is the largest adopter of EVs, while Sweden is the most aggressive. The largest growth occurred in Sweden, Germany, China and the UK. Read more at Hybrid Cars. EV drivers can now pay for charging at ChargePoint stations with Paypal. Drivers can link Paypal to their ChargePoint account, and can use their ChargePoint app or card at the station. The first time drivers use Paypal at a station that charges a fee, they will be charged a $25 deposit from which the fee will be deducted. Read more in the press release below. The first NTx Apps Challenge awarded cash to five app development projects, including Juxt and GridLock. Juxt is a mobile app that helps drivers find alternative fuel, parking spots and other points of interest along their routes. GridLock is a traffic light network that monitors traffic patterns and controls lights to optimize traffic flow. Winners get cash, continued mentorship and office spaces. Read more in the press release below. Renault says it could sell the Eolab at around the same price as its diesel-powered Clio. The Eolab, which debuted as a concept at this year's Paris Motor Show, is said to be capable of up to 235 mpg. While Renault has not announced plans to mass-produce the super-efficient Eolab, the company's chief competitive officer Thierry Bollore said that if it did, it would "not cost more than a Clio DCi 90hp," which starts at about $23,900. Read more at Automotive News Europe. An author at Teslarati has created his own system to get notifications whenever Tesla adds a new Supercharger to its network. Using a web scraping tool, Rob M. has set his @TeslaLiving Twitter account to tweet the details whenever Tesla updates its Supercharger page, or when Teslarati's Interactive Tesla Supercharger Map gets a new location added. Rob has also created notifications for whenever new versions of Tesla software are added. Read more at Teslarati. Tesla CEO Elon Musk considers artificial intelligence an "existential threat." In a symposium at MIT, Musk said, "With artificial intelligence, we are summoning the demon." It's a demon he fears we can't control.

Musk reports positive cash flow for Tesla last week

According to Bloomberg, Tesla actually earned money last week. CEO Elon Musk sent out a message on Twitter saying his company was "narrowly cash positive." That's big news for a company that hasn't turned a quarterly profit as of yet. Tesla is currently in the middle of stepping up production for its Model S sedan, and has announced the vehicle's MSRP will jump by $2,500, presumably to help fund that expansion.
So far, Tesla says it has built will build around 20,000 Model S units at its California production facility next year, though analysts say the ability to repeatedly generate a positive cash flow would go a long way toward the company's evolution into a "sustainable operating entry." So far, the Model S has garnered substantive praise, earning the Motor Trend Car of the Year Award among others. Tesla shares are up 19 percent this year over the same time period in 2011.

Tesla staring down California dealer ad probe request

Months after the confusing announcement of Tesla's lease-like financing program, the electric vehicle maker could face an advertisement probe that has been requested by the California New Car Dealers Association, Automotive News reports, which claims that consumers are being mislead by advertised monthly payments that are lower than what most people would experience.
The ordeal can be traced back to April 2, when Tesla made an announcement specifying tiered monthly payments for the three versions of the Model S assuming a 66-month term. But then Tesla revised the numbers upward overnight because, it claimed, it meant to say it offered a 63-month finance term, not a 66-month term. The automaker also claimed that factoring in the "true cost of ownership" of a Model S compared to a conventional fuel-burning car could drive monthly costs to below $500.
In May, it added an available finance term of 72 months, which, factoring in only gasoline savings, the company said could lower monthly payments to $580. But the underlying issue at hand is that the means which can potentially lower monthly payments from $1,000+ dollars (depending on the model) to under $600 can't be realized by the majority of Americans, the CNCDA says.