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Why Tesla will need more loans to make it through 2013

It's fun to bet against Elon Musk and Tesla - that's the best reason we can find for so many people doing it even though the man, his company and his cars are still here and still very popular. The latest name inscribed in the column labeled "Skeptical of Tesla" is John Shinal at Market Watch who, in year-end commentary on Tesla's financials, says that the "carmaker's financials are reminiscent of a dot-com's." He does not mean that in the good way.
To be fair, Shinal isn't exactly betting against Tesla, he's saying that if you check the bottom lines, the only thing keeping Tesla alive is the hundreds of millions in Federal Department of Energy loans it has received. Based on its filings, he says the company has less than six months of cash on hand, hasn't produced as many cars as it promised and had to lower its revenue forecast for 2012, has had a "year of net losses and negative operating cash flow," and was underwater by at least $37 million at the end of the third quarter.
But Shinal's not done there, summarizing Tesla as an operation with "a poor habit of failing to deliver to customers the cars it has promised them, while simultaneously raising the prices of those yet-undelivered cars," and "a lousy level of customer service." He says there are more damning things to be found in Tesla's SEC registration settlement from September, but we'll have to wait for his next column to find out what those are. The takeaway, in Shinal's opinion, is that even though Tesla will keep getting money from the government, that investors have no business dealing in Tesla stock.

Silly dyno, that Tesla doesn't have 2,000 lb-ft of torque

Torque. Lots of torque, right off the line. That one benefit presented by an electric motor over its internal-combustion sibling, and the Tesla Model S delivers it in spades. 443 spades, to be precise, or about as much as a Bentley Continental GT or McLaren 12C. But when one Emmanuel Chang put his electric sedan on a dyno up (way up north) in Edmonton, Alberta, it registered a whopping 2,000 pound-feet!
Of course that number isn't correct, as no car on the road produces that much torque. Even a Bugatti Veyron produces "only" 1,000 lb-ft, give or take. Clearly something's amiss here, but the problem the dyno had in reading the Tesla's torque apparently doesn't come down to its electric powertrain. (Nor does it have anything to do with the northerly latitude or the interference of polar winds.) It comes down to the shiny, ten-spoke alloys.
Apparently this type of dyno measures torque by running horsepower and wheel revolutions through an algorithm. It measures horsepower at the wheel (which, at 436 hp, wasn't far off of Tesla's own rating of 416 hp) and uses a stationary optical sensor interfacing with a reflector on the wheel. Every time the reflector passes the sensor, it counts one revolution. But since the Model S has shiny ten-spoke wheels (and we presume because it was taken outdoors under bright sunlight), the sensor thought that each passing spoke was one revolution of the wheel... when it was, in fact, ten times too much.

Is Tesla Motors becoming a Republican darling?

The general political attitudes taken by the left and right in the US are, sadly, divided on the issue of fuel efficient vehicles. Broadly speaking, Republicans dislike the whole idea (even going to absurd extremes like Newt Gingrich saying that inflating your tires helps Big Oil) while Democrats are in favor. The stereotype even gets in the way of people thinking that the DOE's Advanced Technology Vehicles Manufacturing (ATVM) loan program is an Obama Administration creation. It's not, and was started under President Bush in 2008. The political divide has been particularly strong when it came to Tesla Motors. Most readers probably remember when Republican Presidential contender Mitt Romney attacked the automaker during a debate with President Obama. New Jersey governor Chris Christie has been fighting Tesla's moves in his state as well. But, wait, is there a change in the air? The San Francisco Chronicle's David Baker has written an interesting story that looks at some positive statements from prominent Republicans recently, for example when Bill O'Reilly said everyone should get behind Tesla or when Texas governor Rick Perry said he supports the EV automaker selling directly to customers. Baker has an interesting take on this shift and what it might mean for upcoming elections. We recommend you head over to SFGate to read the whole thing. Here's a teaser: Some Democrats doubt, however, that the GOP as a whole will embrace Tesla and clean tech anytime soon. Wade Randlett, a Silicon Valley executive and major Democratic fundraiser, noted the Republican Party's deep ties to the oil industry - the companies most threatened by electric cars. Read the whole article.