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Daimler CEO says nobody is making money on EVs right now

What do you charge for a vehicle you're going to lose money on? If you're Mercedes-Benz and the vehicle in question is the B-Class Electric Drive, you offer it for lease for just 399 euros ($498) a month with a down payment of 8,473 euros ($10,582). If Daimler was going to price it honestly, it seems, the number would have to be a lot higher. "Nobody today is making a battery-powered vehicle that's economically viable." – Daimler CEO Dieter Zetsche That's according to Daimler CEO Dieter Zetsche, who spoke to reporters in Spain recently and said that, "You can reasonably say that nobody today is making a battery-powered vehicle that's economically viable in its own right. Manufacturers will not see a return within a reasonable time on the billions they're investing now." There are ways to make money in EVs, of course. Just ask Daimler, which recently sold its stake in Tesla for a cool $780 million. Zetsche has some EV-critical company in executives like Fiat Chrysler CEO Sergio Marchionne, who has said his company loses over $10,000 on each Fiat 500E it sells. Other automakers – e.g., Tesla, Nissan – are much more positive about their financial bet on EVs, but no one is opening all their books to the public to prove this. Tesla, which worked with Mercedes on the B-Class ED, will have an earnings call with investors later today, so perhaps we'll learn something new in a few hours. The B-Class ED lease deal is for 36 months, based on an MSRP of 39,151 euros ($48,895) in Europe, including the 19 percent VAT. You can read more in the press release below. Commercial release of Mercedes-Benz B-Class Electric Drive: Local emission-free driving from ˆ399/month Stuttgart, Nov 03, 2014 With its high-torque electric motor, the B-Class Electric Drive delivers lively and superior driving pleasure – with zero local emissions. The B-Class Electric Drive is now available to order, with deliveries set to start before the end of 2014. Prices start at ˆ39,151[1]. The B-Class Electric Drive can be leased through the Mercedes-Benz Bank from ˆ399 a month[2]. Further information on the full range of tailor-made leasing and financing offers as well as specific pricing examples are available at http://www.mercedes-benz-bank.de. Quiet and local emission-free driving is ensured by a 132 kW electric motor, which, as is typical of an electric drive, delivers its maximum torque of 340 Nm right from the start. The result is noticeably powerful acceleration from rest.

Court says Tesla will be able to use Te Si La name in China

Turns out, a Tesla in China will remain a Tesla. Or, more accurately, Tesla will be Te Si La, which is the name the company originally wanted to use before having to come up with the "Tuosule" workaround after a Chinese businessman registered the "Te Si La" trademark away from the California automaker there. Speaking to Reuters this week as Tesla announced its "aggressive" pricing for the Model S in China, Veronica Wu, vice president of Tesla's China operations, said, "We went to court and we won. The court has given use right to use the name, which is why you see the Chinese name in our store now." Te Si La is the name "best known" to buyers in China, Reuters says. So now that's what it'll be called when buyers plunk down 734,000 yuan (the equivalent to $121,000 US) for a Model S. Featured Gallery Tesla Model S View 24 Photos News Source: ReutersImage Credit: Copyright 2014 Drew Phillips / AOL Green Tesla Electric trademark

NHTSA rebuffs 'best ever' crash test claim by Tesla [w/video]

In response to Tesla's claim that the Model S is the safest car ever tested, the National Highway Traffic Safety Administration has released a statement clearing up how it rates cars. While not denying that the Model S is a very safe car, the agency said that its rating system is only between one and five stars - nothing higher and nothing lower.
This means that, unlike honors classes in college and high school, there is no way to score above the highest rating, and Tesla says that it received a 5.4-star rating (although there is no indication where it got this information). Also, NHTSA made no mention of any broken equipment it suffered while testing the Model S; another claim made by Tesla. Scroll down for the Model S crash video courtesy of ABC News as well as NHTSA's brief statement.