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Weekly Recap: Tesla loses money, still dominates the news

Some people get an inordinate amount of attention. In politics, it's Donald Trump. In football, it's Jim Harbaugh. And in the auto world, it's Elon Musk and his always-fascinating electric car company, Tesla Motors. General Motors is spending $877 million to upgrade a factory. So what! US auto sales are up. Who cares? Tesla has a metal snake that will recharge your car! So was the week in Tesla – er, the industry. Snarkiness aside, Tesla did dominate the news cycle, led by the announcement the company lost $184 million in the second quarter. Tesla also said it expects to deliver between 50,000 and 55,000 vehicles this year, and is preparing for a full launch of the Model X crossover in September. Musk also made news during the earnings call by simply not answering a question about ride sharing, leading to speculation Tesla could be considering its own operation. While the financials were the arguably the most important company news, reports of a Model S cyber hacking were more compelling fodder for Tesla followers. Researchers were able to attack the sedan and bring it to a stop, though they required access to the car first. Tesla says it already has deployed a remedy for the situation. On a lighter note, Tesla published a video of its metal charger prototype that autonomously uncoils like a snake to power up the company's vehicles, provoking plenty of humorous comments and comparisons. Watch it and decide for yourself. While some of this might seem trivial, much of Tesla's recent attention has been warranted. It's the first startup US automaker in decades to launch from nothing and actually gain traction in the market. Sure, Musk is a lightning rod and Tesla always seems to be in the spotlight. But amid all of the publicity, it easy to lose sight of the new reality: Tesla is a force. OTHER NEWS & NOTES 2016 Chevy Volt lights up 106 MPGe The Chevy Volt's vitals are looking healthier for 2016. The second-generation plug-in hybrid racks up a gaudy 106 miles per gallon equivalent, which is an increase of eight MPGe from the 2015 model. The new Volt can travel 53 miles on electricity, a significant jump from the 2015 Volt's 38-mile range. The new car also has a 420-mile total range when factoring in the capability of the gasoline engine, which is 40 miles greater than the current car offers.

Mazda and Fiat finalize deal for Alfa roadster, next-gen MX-5 Miata

Although a little bit later than expected, Mazda and Fiat have signed a final agreement that will bring a next-generation MX-5 Miata to the Japanese automaker and a new roadster to Alfa Romeo. When the proposed arrangement was announced back in May, the two automakers had hoped to seal the deal last year, but it doesn't appear that the production timeline for these cars has slipped any, with both expected to start rolling off assembly lines in 2015.
Other than a shared chassis with a rear-wheel-drive layout, it sounds like the two cars are still planned to be distinct in their own ways from their styling right down to their engines. Mazda will produce both cars at a plant in Hiroshima, Japan, but it isn't clear what role each automaker will play in the cars' developmental process. The big question, of course, is what clever portmanteau name we can come up with, like Toyobaru. Mazda Romeo is the easy choice, but Alfazda might roll off the tongue a little better.
Scroll down for a brief press release from both automakers.

Chicago Auto Show page claims 2016 Mazda MX-5 Miata to produce 155 hp [UPDATE]

UPDATE: Mazda wasn't willing to confirm or deny the figures cited by the Chicago Auto Show, although we're betting the 155-horsepower figure is a bit on the low side. As for the CAS page, a Mazda spokesman told Autoblog that they "aren't sure where they got that number." The horsepower estimate has since been pulled down. Well, someone may have made a boo-boo. The Chicago Auto Show is currently hosting a page that claims the Mazda MX-5 will produce 155 horsepower, courtesy of a 2.0-liter, Skyactiv four-cylinder. If this is correct, it'd be the first time the MX-5's US power output had been revealed. The 155 hp figure would account for a 12-hp drop from that of the outgoing MX-5, though, a corresponding weight loss should still improve the power-to-weight ratio for the 2016 model. Now, the CAS page could simply be following previous reports, including one from Autoblog. As recently as October, it was being reported that the MX-5 would be powered by a 2.0-liter, Skyactiv four-cylinder, a version of which is producing 155 horsepower and 150 pound-feet of torque in the Mazda3. Naturally, we've reached out to Mazda for comment – or perhaps even confirmation – on the info from CAS, although we aren't expecting a reply until at least later this morning (darn time zones). Of course, as soon as we hear anything, we'll update this story. Related Video: