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Recharge Wrap-up: Tesla P85D upgrades coming soon, lease a Chevy Volt for $149 a month

CarCharging has raised $6 million from shareholders and has restructured to save cash. The EV charging company plans to expand further in 2015 - with an eye toward achieving profitability - in part by investing in technology and "unlocking the value of our significant equipment inventory," says CarCharging CEO Michael D. Farkas. The group expects to reduce administrative costs by 40 percent, and has hired an interim Chief Financial Officer to help carry out its plans for growth. CarCharging raised the cash through offering convertible preferred stock to its shareholders, whom Farkas thanked "for their passion and patience." Read more in the press release below. Rydell Chevrolet in Los Angeles is offering Chevrolet Volt leases for $149 per month. In a video ad, Rydell offers the Volt for $169 a month with $3,390 due at signing, but another ad shows the offer at $149 a month with $3,550 down or $248 per month with $0 down. Rydell Chevrolet will ship the car anywhere in the lower 48 states. It also appears they offer cupcakes. See Rydell's video below, or read more at Inside EVs. Tesla will upgrade the Model S P85D with higher performance and top speed. The free update, which is due "in the next few months" according to a statement from Tesla, will raise the electronically limited top speed from 130 to 155 miles per hour. "Additionally, an over-the-air firmware upgrade to the power electronics will improve P85D performance at high speed above what anyone outside Tesla has experienced to date," Tesla says. The update will be available for the lifetime of the car, which includes subsequent owners. Read more at Green Car Reports. Car Charging Group Completes $6 Million Capital Raise Concurrently Enacts Restructuring Actions to Reduce Cash Burn MIAMI BEACH, Fla., Dec. 29, 2014 /PRNewswire/ -- Car Charging Group, Inc. (OTCQB: CCGI) ("CarCharging" or the "Company"), the largest owner, operator, and provider of electric vehicle (EV) charging services, today announced that it has closed an offering (the "Offering") and raised net proceeds of up to $6 million with current institutional shareholders. The Offering consisted of convertible preferred securities with a conversion price of $0.70 and warrants exercisable at $1.00. Proceeds will be used to: - Strengthen CarCharging's balance sheet; - Build on the past year's progress; and - Provide growth capital for expanding the Company's network.

Tesla about to sell 50,000th Model S

Nissan sold its 50,000th Leaf a total of two years and two months after introducing the EV to dealerships. Tesla isn't as established as Nissan, and its Model S - with its higher levels of luxury and performance - costs multiple times more than the Leaf. Consider the Tesla's starting price of $70,000-plus (and easily much more with a bigger battery and a few upgrades), and compare that to the Leaf's base MSRP of just a bit over $30,000 before its 2013 price cut. It would make sense, then, that it would take the Model S longer to hit 50,000 unit sales. But, no. The Model S could meet the 50,000 sales milestone before the end of October (in fact, it may already have done so). This is just two years and three months after it launched in late June 2012. The Model S could meet the 50,000 sales milestone before the end of October. Tesla hasn't released its sales report for the third quarter, but the Palo Alto-based automaker sold 39,128 units of the Model S through June. Previously, Tesla estimated it would have 7,800 third quarter sales (putting it at 46,928 through September), other independent estimates put Tesla at 50,000 sales in late October. The Model S may not have beat the Nissan Leaf to 50K, but it's not hard to see how this is a win for the California automaker. Arguably, this is a case where we all win. Anytime some buys an EV instead of a traditionally powered vehicle - regardless of marque - that's less energy consumed while driving, fewer emissions and an example set to others who have yet to make the switch. It's hard not to be impressed by Tesla's relative success. Furthermore, Tesla coming so close to Nissan in selling 50,000 EVs is, above all, a testament to the desirability of the Model S, despite the Leaf's clear advantage in terms of attainability.

Koenigsegg sees new Tesla Roadster as the 'gauntlet' thrown down

Christian von Koenigsegg, the man behind the company that holds the current record for world's fastest car, does not like to be outdone. So he did not particularly enjoy hearing the numbers regarding the forthcoming next-generation Tesla Roadster and its vaunted 1.9-second 0-60 mph time. "We kind of had our future mapped out, and then we heard about the new Tesla Roadster and its insane acceleration numbers, and we thought 'Damn, that's put the gauntlet down,'" the Koenigsegg founder and CEO told Top Gear. As he told the site, he enlisted his engineers to start running numbers, and within a couple of days, they'd figured out a solution. "The simplest way of putting it is like this: It's combining direct drive with the hybridization we have in a different format with free-valve engine technology, in a peculiar layout," von Koenigsegg said. He said the powertrain could take a car from 0-250 mph in 14 seconds "or something like this," and said he wants to make a combustion engine with a higher power density than an electric powertrain "for as long as possible." His talk about hybrids brings to mind the Koenigsegg Regera plug-in hybrid, which weighs just 3,505 pounds and puts out more than 1,500 horsepower. It does 0-62 mph in 2.8 seconds — impressive, but a full 0.9 seconds less than the Roadster's purported time. And not surprising for a company that is all about maximizing ponies, Koenigsegg likes to geek out over the details of things like the design of the 1,160-hp Agera RS engine. Could he be talking about the same vehicle as the successor to the Agera RS, rumored to be called Ragnarok? Tesla, meanwhile, unveiled said Roadster at Grand Basel in Switzerland — or rather, it showed off what appeared to be a white, empty design shell that had been shown last year at Tesla's shareholder meeting. And don't forget that the mad scientists over at Hennessey are tinkering with the 7.6-liter V8 for the Venom F5, the key to its quest to hit 300 mph. So buckle your seat belts, boys and girls: Things are about to get very fast. Related Video: This content is hosted by a third party. To view it, please update your privacy preferences. Manage Settings. Image Credit: Drew Phillips Green Tesla Koenigsegg Hybrid Performance Supercars PHEV koenigsegg agera koenigsegg regera hennessey venom f5