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Tesla could make 800 Model S EVs a week by late 2014

Tesla continues to impress, with high demand pushing the small, California-based company well beyond its initial projections of 400 Model S EVs per week. According to Tesla CEO Elon Musk, "We're above 400 a week at the current manpower, and not trivially above it." If things continue at the current pace, Tesla's Fremont, California factory, former home of the General Motors/Toyota NUMMI facility, will be pumping out 800 cars per week by late 2014.
That number will eventually come to include the Model X SUV and a smaller, more affordable alternative to the Model S. There's even chatter of a compact SUV, according to a story from Bloomberg.
Even if Tesla produces 800 cars per week for an entire year, the company hasn't even approached the maximum capacity of its Fremont factory. The NUMMI facility was producing 500,000 units per year during its glory days. And while that number is still far off for Tesla, Musk claims it'll happen eventually. "We going to have every kind of car you could possibly imagine. If it moves, we'll make it."

Tesla Model S costs one nickel per drag race [w/video]

Historically, the intersection between electric vehicles and drag racing has been really small - or so we guess, at least. But the advent of Tesla in the auto marketplace, and the subsequent performance offered up to drivers by way of battery-powered cars, has caused even racy publications like DragTimes to get in on the action.
Having posted several YouTube videos featuring the Tesla Model S doing pulls at the local strip, DragTimes encountered questions about just how many races that car might be able to run before needing to re-juice its battery pack. The publication monitored the energy being used by the Tesla during full-throttle, quarter-mile runs, and determined that the net use (after energy from the regen braking was added back in) amounted to just 0.5 kWh per go. Considering that the full battery capacity is 85 kWh, DragTimes figured that the Model S is good for a remarkable 170 races before needing a recharge. By that math, and using electricity costs in DragTime's home state of Florida, each race would cost just a nickel and a penny's worth of electricity.
With respect, that theoretical number is probably way too high. For starters, the car would expend some energy getting to and from the starting line between races. Perhaps more critically, the system is designed to not allow for a completely full charge or deletion of charge, so the car can't use all 85 kWh. Still, 100 runs is in the realm of possibility. In the video below, the narrator makes mention of 150 runs, which is optimistic but more likely. Cheap thrills, in any case (once you've paid for the car).

Tesla loses fight to set up its own dealers in Texas

For a while there, it seemed like Tesla could do no wrong. But despite repaying its Department of Energy loans early, surging stock prices and even announcing a vast network of proposed Superchargers, Tesla is still in the fight of its life for how to get its cars sold.
According to Automotive News, the startup EV-maker lost its second straight battle to sell cars in dealerships that don't conform to state franchise laws restricting factory-owned dealerships. Earlier in the year, Tesla failed to get a dealer license in Virginia, and this time around, it will have to wait until at least 2015 to fight for an exemption in Texas. This means that Tesla's Houston and Austin showrooms are not actually allowed to sell vehicles. The report also adds that Tesla CEO Elon Musk could end up taking his case to the federal courts.

Musk sticking to plan for 'affordable' Tesla model

By now, we've all heard that Tesla has repaid its loan from the US Department of Energy - nine years ahead of schedule - and the Model S is selling well enough to put at least a little fear into Audi, but what's next? Well there's the Model X crossover slated for late next year, but it's the long-promised, frequently mentioned "affordable Tesla" that could really help cement the automaker in the automotive industry record books.
According to Bloomberg, CEO Elon Musk talked more about the new baby Tesla recently, saying that the car should come to market by 2017 at the latest. In terms of details, Musk says it will be priced below $40,000 with a range of about 200 miles. Taking a swipe at the would-be competition, he also added that it will be nicer than a Nissan Leaf. Given the recent Tesla-related PR blunders from Audi and Chrysler recently, we hope Nissan won't vent its displeasure at that statement.

Move over Audi, now Chrysler has a beef with Tesla's claims

In the same week that Audi said "not so fast" to some claims from Tesla, Chrysler has responded to a new press release from the California-based EV-maker by saying "not exactly, Tesla." The statement, released through the company's blog, comes in response to Tesla claiming it was "the only American car company to have fully repaid the government." Chrysler notes that it, too, recently paid back Uncle Sam from its 2008 bailout. Similar to Audi's recent press release, which was eventually and mysteriously deleted from the German automaker's site, Chrysler is both right and wrong in its statement.
Tesla specifically said that it had paid back the Department of Energy loans that many automakers received - including Fisker and VPG Autos - while Chrysler's retort argues Tesla is "unmistakably incorrect" since it repaid the government in 2011 a full six years early. Technically, the statements from both automakers are correct, but Tesla's startup loan originated from the DoE, while Chrysler's loan came in bailout form from the Troubled Asset Relief Program (TARP). Further, as The Detroit News notes, Chrysler's loan still cost taxpayers well over a billion dollars after all was said and done - those negative assets tied to "old Chrysler" in the bankruptcy did not require repayment.

CO2 credits: The ultimate rebate?

Time For Buyers To Have Some Skin In The EV Game
Politicians know that $8- or $9-a-gallon gas like in Europe would end their careers.
The back-and-forth between those writing the fuel economy rules and auto manufacturers is designed to see how far the CO2 regulations can be pushed without inconveniencing the general public.

Wall Street loves Tesla's Elon Musk, values the brand higher than Fiat

Tesla's value on the stock market far exceeds the number of vehicles it contributes to the automotive market. According to a report from Automotive News, Tesla is currently valued at $8.8 billion. Almost unbelievably, though we've never claimed to have a firm grasp on the inner workings of the stock market, that's a full billion dollars more valuable than Fiat and three times more valuable than PSA Peugeot Citroën, says the report.
How unfathomable is that statistic? Consider the fact that Tesla, a ten-year-old company, just managed to turn its very first profit last quarter and has produced fewer than 10,000 vehicles in its lifetime. How does that compare to an automotive giant like Fiat? Well... it doesn't - The brand sold 44,772 Fiat 500s in the United States alone in 2012, and it owns or controls the Chrysler portfolio of brands along with Ferrari and Maserati... not to mention the hundreds of thousands of cars Fiat Group sells yearly in the rest of the world.
Granted, the number of vehicles sold by a brand is just a small portion of its value, but you may still wonder, Why is such a seemingly small player in the global automotive marketplace such a big deal on Wall Street? According to AN, it has a lot to do with its controversial and headline-grabbing CEO, Elon Musk, and the way he disseminates company information to his investors. How so? We suggest you take a good look at the article here for the whole story.

Consumer Reports scores Tesla Model S 99 out of 100 [w/video]

Consumer Reports is awfully fond of the Tesla Model S. The EV managed to pull down an impressive score of 99 out of 100 in the organization's evaluation, besting the Porsche Panamera Hybrid by a full 16 points. CR calls the battery-operated sedan "the most practical electric car we've ever tested" thanks to its 200 mile range and blistering 5.6-second dash to 60 miles per hour. Testers also had praise for the vehicle's excellent handling characteristics and clever packaging, but found issue with the large touch screen mounted in the center of the dash. According to CR, the screen requires too much time looking down and away from the road.
The publication also called out the car for skipping the spare tire, compressor and run flat tires, but those issues weren't enough to keep the machine from earning a top nod. You can head over to Consumer Reports to read the full review for yourself, and be sure to check out the video below for a better picture of the machine's highlights, including some EV drifting (even CR likes to have some fun).

Tesla Model S has secret menu that shows possible upcoming features

The Telsa Model S may have won just about every automotive award it could last year, but that doesn't mean it's a perfect vehicle. Far from it. Drivers have been asking when the already high-tech vehicle will get somewhat normal features, like adaptive cruise control or blind spot detection. Well, a new video of menus hidden within the giant touch screen in the Model S shows that those two features might be coming soon, along with a lane departure warning. When these options might arrive is anyone's guess, but the video (see it below) shows that the software is at least in the prototype stage. In any case, unless Tesla has installed a bunch of sensors and not told anyone about them, turning these features on will require more than just a software update.
The hidden menu also shows some as-of-yet-unannounced apps in the car's software: an image viewer, a sketch pad, a scheduler/calendar and various test apps.
The way you access these menus, apparently, is by holding down the Tesla logo on the main menu for a few seconds and then entering an access code. We don't know this password and we also don't recommend fooling around in there, since it looks like you might be able to muck things up, but good. We have enough trouble rooting our phones and we're not sure we'd like to take the risk with an $70,000+ electric vehicle. But if someone else wants to do so and post a video online, then we're happy to watch.

Tesla to earn $250 million from sales of California environmental credits

Tesla Motors is expected to release quarterly earnings figures within the next few days, and the Silicon Valley automaker is thought to have attained profitability for the first time ever. As it turns out, a good bit of that profit will reportedly come from the State of California.
According to an article from the LA Times, Tesla, which is reportedly on pace to sell 20,000 vehicles in 2013, receives as much as $35,000 in environmental credits from California for each Model S it sells. These credits can then be sold to other automakers that do business in the state but don't sell zero-emission vehicles of their own. Some experts believe Tesla could earn up to $250 million from such ZEV credits.
While profits from ZEV credits equals good news for Tesla, some experts and rival automakers aren't very pleased with California's strong-arm tactics when it comes to the sales of electric vehicles. "At the end of the day, other carmakers are subsidizing Tesla," said Thilo Koslowski, an analyst at Gartner Inc.