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Recharge Wrap-up: NextEV raises $500M, A123 execs beat fraud claims

Scientists at Cardiff University's Catalysis Institute have developed a new method to improve biodiesel yields. Using a new catalytic process, the team is able to use the glycerol left over from biodiesel production and make more methanol to produce more biodiesel. Using magnesium oxide and cerium oxide is simpler than other methods, requiring only one step at room temperature with normal atmospheric pressure. "We set out to establish ways in which the waste product glycerol could be used to form other useful compounds, but we were surprised when we found that feeding glycerol and water over such a simple catalyst gave such valuable products and interesting chemistry," says Professor Stuart Taylor. The system could increase biodiesel yields by as much as 10 percent. Read more at Gizmag, or from Cardiff University. A federal judge has dismissed a lawsuit claiming A123 Systems hid problems with Fisker from investors. The plaintiffs accused four A123 executives of failing to report Fisker's impending bankruptcy and issues with battery quality. US District Judge Laura Taylor Swain says there is not enough evidence showing that the defendants knew about problems with their batteries or about Fisker's financial difficulties. Read more at Reuters, or at Law360. Chinese startup NextEV is raising funds to build a Tesla-fighting electric car. The company, which plans to launch a supercar to match the acceleration of Tesla's Ludicrous Mode next year, has raised about half of its $1 billion goal thanks in part to investments from Sequoia Capital and Joy Capital. NextEV also plans to produce mass market electric vehicles at about half the price of a Model S. "Talking big is pointless," says NextEV cofounder William Li. "We develop the car purely from the angle of consumers. We most value what they would like the car to be. We want them to experience sheer pleasure of driving our car." Read more at Bloomberg. Featured Gallery 2012 Fisker Karma: First Drive View 23 Photos Related Gallery News Source: Gizmag, Cardiff University, Law360, Reuters, BloombergImage Credit: Copyright 2015 Drew Phillips / AOL Earnings/Financials Green Fisker Automakers Tesla Biodiesel Green Automakers Electric recharge wrapup

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

Wall Street still irrationally exuberant over Tesla shares

In a world where electric cars are far from the norm, it seems odd to us laypeople that you can't buy a share of Tesla stock (ticker symbol TSLA) for less than $230. But a research note issued Monday from Goldman Sach's respected team of auto industry analysts (seen in PDF form in our gallery) has added fuel to the irrational exuberance fire, guaranteeing that Tesla's stocks should hover at these seemingly unreasonable prices for some time.
Goldman Sachs analyst Patrick Archambault compared Tesla CEO Elon Musk to Apple's Steve Jobs, saying the Model S is a lot like the iPhone. The major difference is that it will take a lot longer for Tesla's electric cars to make a sizable dent in the auto industry, Archambault said, than it took for the iPhone to take over the smart phone world. If Tesla rolls out a non-luxury car in the next few years as is rumored, Archambault predicts the company could be selling 500,000 electric cars a year by 2022 or 2023. Based on those projections, the Goldman Sachs analysts says a fair price for Tesla's stock right now is about $200 a share.
Which, in the upside-down world of Wall Street, means the current share price of around $238 is nearly $40 overvalued. But that hasn't stopped traders from pushing up the price of Tesla's stock today between $3 and $4 a share. Over at Oilprice.com (subscription), contributor Martin Tiller on Friday was already sounding the alarm bells, saying Tesla share's are overpriced, despite the promising technology.