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Keyword: tesla

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  • Hot Tesla Model 3 to Get Unneeded $1.5 Billion Tax Subsidy

    04/28/2016 11:47:41 AM PDT · by jazusamo · 24 replies
    NLPC ^ | April 28, 2016 | Mark Modica
    Tesla Motors recently reported that it has received close to 400,000 orders for its yet to be released, $35,000 Model 3. Most of the pre-ordered vehicles are not even expected to be delivered until after 2018. While congratulations may be in order to Tesla for seemingly developing a mainstream electric vehicle (EV) that has so much consumer interest that demand is far outpacing supply, one question must be asked. Why the hell is the vehicle being subsidized to the tune of $1.5 billion in future tax credits? If Tesla has proven that EVs can be profitably manufactured, it is...
  • More Woes for Tesla from Consumer Reports

    04/21/2016 11:06:58 AM PDT · by jazusamo · 50 replies
    NLPC ^ | April 21, 2016 | Paul Chesser
    As it continues to defy common sense and the laws of economics with its lofty stock price, Tesla has again shown it has little corporate competence in the ability to deliver a consistently functional product that satisfies customers. The latest evidence comes in the recently rolled out Model X, which is allegedly an SUV, but looks like just another car. Retailing at a price only the extremely wealthy can afford ($138,000), the all-electric follow-up to the similarly troubled Model S automobile has stumbled out of the gate. The problems were outlined in a Consumer Reports article posted online Tuesday,...
  • Lithium War Heats Up After Epic Launch Of Tesla Model 3

    04/20/2016 8:31:48 AM PDT · by bananaman22 · 46 replies
    Oilprice.com ^ | 20-04-2016 | Elon
    The unveiling of Tesla’s Model 3 electric car was no less than the lifting of the final curtain on a game-changing energy revolution. And if we follow that revolution to its core, we arrive at lithium—our new gasoline for which the feeding frenzy has only just begun. Unveiled just on 31 March and already with 325,000 orders, it seems that the market, too, understands that the Model 3 is more than just another electric vehicle. In one week alone, Tesla has racked up around $14 billion in implied future sales, making it the “biggest one-week launch of any product ever.”...
  • Will Tesla's Magic Work on Mass-Market Consumers?

    04/10/2016 5:55:38 PM PDT · by jazusamo · 23 replies
    Fox Business ^ | April 7, 2016 | Steve Tobak
    You’ve got to marvel at the man’s sense of timing and showmanship. Whenever there’s bad news on the horizon, Tesla CEO Elon Musk just takes off his top hat, waves a magic wand, and pulls out a shiny new rabbit. He may have missed last quarter’s production target, but then, he pulled out the shiny new Model 3. And all is forgiven. Well, not exactly. The master of hyperbole has proven that Tesla can ship tens of thousands of luxury electric cars – albeit years later and for $30,000 more apiece than originally promised. And, even at $106K, Tesla still...
  • Don't be fooled - Elon Musk's electric cars aren't about to save the planet

    04/07/2016 9:58:28 AM PDT · by Hojczyk · 45 replies
    The UK Telegraph ^ | April 6,2014 | BJŘRN LOMBORG
    Reducing 1.2 tonnes of CO₂ on the EU emissions trading system costs £5; but instead, the UK Government subsidises each car with £4,500. All of the world’s electric cars sold so far have soaked up £9 billion in subsidies, yet will only save 3.3 million tonnes of CO₂. This will reduce world temperatures by 0.00001°C in 2100 – the equivalent of postponing global warming by about 30 minutes at the end of the century. Electric cars will be a good idea, once they can compete – which will probably be by 2032. But it is daft to waste billions of...
  • Tesla Model 3's huge pre-orders burn as Elon Musk fiddles [updated]

    04/04/2016 1:48:45 PM PDT · by ckilmer · 62 replies
    Computer World ^ | Apr 4, 2016 3:09 AM PT | Rich Jennings
    After the dust settled on the Tesla Model 3 jamboree, preorder deposits approached $300 million, topping up Elon Musk's capex war-chest. His new electric car's reviews are insanely great, but some commentators are wondering if it's really an elaborate Ponzi scheme.
  • Tesla Releases Its Electric Car for the Masses

    04/02/2016 8:31:40 AM PDT · by samtheman · 190 replies
    Tesla Motors Inc.’s unveiling of its new electric vehicle yesterday had the marks of an iPhone release—long lines of enthusiastic consumers, a glossy product and a CEO presenting in a simple black shirt. Little new information came out about the Model 3, but with the car’s comparably more affordable $35,000 price tag and 215-mile range, Tesla is making a bid to become a mass-market auto manufacturer.
  • Tesla Model 3 Pitched As An 'Affordable' Electric Car

    03/31/2016 10:52:07 PM PDT · by goldstategop · 32 replies
    BBC News ^ | 04/01/2016 | Leo Kelion
    Tesla has unveiled its much-anticipated Model 3 electric car - its lowest-cost vehicle to date. The company's chief executive Elon Musk said the five-seater would start at $35,000 (Ł24,423) and have a range of at least 215 miles (346km) per charge. He added that his goal was to produce about 500,000 vehicles a year once production got up to full speed. The California-based company needs the vehicle to prove popular if it is to stay in business. The first deliveries of the vehicle are scheduled to start in late 2017, and it can be ordered in advance in dozens of...
  • Radio Flyer now makes a Tesla Model S for kids

    02/15/2016 6:52:14 PM PST · by nascarnation · 11 replies
    The Verge ^ | 2/15/2016 | Sean O'Kane
    It's a great time to be a kid if you like tiny, expensive, electric vehicles. Last week, a company called Actev debuted the Arrow Kart, an extremely smart go-kart with a top speed of 12 miles per hour. This week, Tesla's getting into the mix with a tiny Model S made by Radio Flyer, the 99-year-old company known for its bright red wagons and tricycles. The $500 "Model S for Kids," as it's being called, is basically a scale model of Tesla's popular electric sedan. It's made for children ages three to eight and has a weight capacity of 81...
  • Super-Subsidized Tesla's Stock Suffers Precipitous Drop

    02/15/2016 9:56:28 AM PST · by jazusamo · 27 replies
    NLPC ^ | February 15, 2016 | Paul Chesser
    Wall Street, media and government darling Tesla Motors has seen its stock price nearly halved from seven months ago. For so long it has seemed that ongoing bad news never had an effect on the heavily subsidized upstart, but now perhaps the Teflon is eroding off CEO Elon Musk. The precipitous, rapid descent preceded last week's horrid earnings report. USA Today helped smear lipstick on the pig, cheerily noting shares rose "14 percent at one point" after its earnings "miss" on Wednesday, because Musk delivered investors a "rosy outlook for the rest of 2016." This was in context of...
  • Tesla Falling Out Of Favor With Investors

    02/08/2016 1:16:29 PM PST · by bananaman22 · 31 replies
    Oilprice.com ^ | 08-02-2016 | Elon's evil brother
    Elon Musk is a genius and a visionary who is almost single handedly changing the future of mankind through three different industries at once. With that said, it’s not clear if investors can easily benefit from any of that. Tesla, the company most associated with Musk is in a downward stock spiral over the last month which has taken it to new 52 week lows. There are many reasons for that downward spiral including concerns about market valuations and weak oil prices (which make Tesla’s correspondingly less attractive as a substitute versus conventional cars). But for the first time, Tesla...
  • Tesla's worst nightmare ... cheap gas

    02/03/2016 9:33:06 AM PST · by Signalman · 40 replies
    Tesla (TSLA) stock is down more than 25% so far this year. It hit its lowest level since February 2014 on Wednesday. Wall Street has grown increasingly skeptical about the company in recent weeks. Adam Hull, an analyst with European investment bank Berenberg, initiated coverage on Tesla Wednesday with a sell rating. Pacific Crest analyst Brad Erickson said in a report Tuesday that investors should "avoid" Tesla stock. He cited concerns about sluggish demand for the company's new Model X crossover. And even longtime Tesla bull Adam Jonas of Morgan Stanley, is suddenly feeling a little less optimistic about the...
  • Electric cars will 'suffer' from cheap oil, Elon Musk says

    01/25/2016 1:44:40 PM PST · by MinorityRepublican · 43 replies
    CNN ^ | January 25, 2016 | Euan McKirdy
    Plunging oil prices are set to hit the electric car industry hard, but Tesla vehicles won't be the worst affected, says CEO Elon Musk. "[The] industry as a whole, I think, will definitely suffer from lower oil prices," Musk told CNN's Kristie Lu Stout on Monday. "It just makes economic sense."
  • #1 Large Luxury Car In US = Tesla Model S (2015 Sales Comparison)

    01/23/2016 8:35:30 AM PST · by Gandalf the Mauve · 101 replies
    cleantechnica.com ^ | 1-15-16 | Zachary Shahan
    Thanks to RobStark on the Tesla Motors Club forum, we've got news that the Tesla Model S was the #1 best-selling large luxury car (or "premium car," as some might prefer to call the class) in the United States in 2015. As we all know, Tesla doesn't report sales/deliveries by country. However, various outlets estimate Tesla sales using a variety of methods. EV Obsession estimated 26,566 Tesla Model S sales in the US in 2015. Rob notes that the lowest estimate was 24,200. In either case, the Model S outsold the Mercedes S-Class, the BMW 7-Series, the BMW 6-Series, the...
  • Tesla Gigafactory isn't yet living up to Nevada's expectations

    01/18/2016 10:14:56 AM PST · by BenLurkin · 12 replies
    cnet ^ | 01/18/2016 | Andrew Krok
    Tesla made a raft of promises when it accepted a hefty tax-incentive package to build its Gigafactory battery plant just outside Reno, Nevada. While the building itself is coming together ahead of schedule, one Reno newspaper discovered that other parts of the deal have yet to live up to the government's expectations. The Reno Gazette-Journal crunched some numbers, and it discovered that several projections are missing the mark. The Gigafactory, built in partnership with Panasonic, was supposed to produce 700 permanent jobs by the end of 2015, for example. In reality, fewer than 100 have been hired. The company's payroll...
  • Audit shows Tesla met requirements for tax breaks in Nevada

    12/25/2015 7:26:55 AM PST · by redreno · 16 replies
    http://www.reviewjournal.com ^ | December 24, 2015 - 9:34pm | By Sandra Chereb
    CARSON CITY — Independent auditors concluded Tesla Motors Inc. met all conditions for tax abatements and credits during the eight months after lawmakers approved the perks in a special 2014 legislative session. The audit by accounting firm Grant Thornton calculated Tesla has earned $9.6 million in transferable tax credits for the period Oct. 17, 2014, through June 30. Tesla, in partnership with Panasonic Corp., is building a $5 billion lithium battery factory east of Reno in the Tahoe Reno Industrial Center. To lure the electric carmaker led by billionaire entrepreneur Elon Musk to Nevada, state lawmakers last year approved $1.3...
  • At Least The Yugo Was Cheap... (Tesla disaster)

    12/15/2015 10:12:43 AM PST · by all the best · 55 replies
    Eric Peters Autos | December 10, 2015 | Eric Peters
    Tesla has no more business being in business than Yugo. Which isn’t anymore. So why is Tesla? Because political correctness, crony capitalism – and a hallucinatory desire to believe in a mirage; to refuse to admit that what you think you see in the distance isn’t actually there; that your mind isn’t playing tricks on you. But then, the Yugo was just a bad car. The Tesla is a bad electric car – and the electric part effaces the bad part. Electric cars can do no wrong – to an extent that is quite literally unbelievable. Unless you’ve seen it...
  • How The Tesla Is Made (video of the Fremont factory)

    12/04/2015 1:41:16 PM PST · by aquila48 · 12 replies
    Wired (YouTube) | Jul 16, 2013 | Wired
    If founder Elon Musk is right, Tesla Motors just might reinvent the American auto industry—with specialized robots building slick electric cars in a factory straight from the future. That's where the battery-powered Model S is born. (See video.)
  • Will 2016 Be The Year Of Wireless Energy?

    11/19/2015 9:06:06 AM PST · by bananaman22 · 30 replies
    Oilprice.com ^ | 19-11-2015 | Maccie
    Wireless power has been a dream of mankind’s for decades, but the technology finally appears to be gaining some traction. Theoretically, numerous studies have shown that wireless power is possible through a variety of aerial transmission modalities. Yet the problem with wireless power has been getting the technology to work at a reasonable range. So far, commercial use of wireless power has been limited, but progress is being made. For instance, Samsung now has a commercially available wireless charger for its cell phones. With the charger, consumers do not need to plug their phone into the wall for it to...
  • Forget Vegas, Nevada Is Now About Reno And Lithium

    10/30/2015 8:13:05 AM PDT · by bananaman22 · 31 replies
    Oilprice.com ^ | 30-10-2015 | lit
    Nevada is booming as lithium companies rush in to stake out targets and massive business development gets underway, from Tesla to Amazon and Apple. As the state’s southwest corner fills up with new lithium players, Tesla gears up for its battery gigafactory and the world’s largest data center sets up shop, Nevada is poised for one of the greatest economic revival stories of the century. In an exclusive interview with Oilprice.com, Brian Findlay, President and CEO of Dajin Resources Corp., discusses: • How Tesla’s gigafactory is sparking a massive resurgence in Nevada • Why other giant businesses are setting up...
  • Tesla’s ‘Success’ a Great Example of How Regulations Manipulate Markets

    10/26/2015 6:53:05 AM PDT · by rktman · 9 replies
    breitbart.com ^ | 10/25/2015 | Marita Noon
    The American consumer resists marketing aimed at selling them electric and hybrid vehicles. For the first quarter of 2015, according to the Wall Street Journal (WSJ), Chevrolet sold 1,874 Volts—its electric car introduced in 2010 with “high expectations.” That roughly equals the number of Silverado pick-up trucks sold in one day. In another report, WSJ states: “Through June, the market share in the U.S. for hybrid electric cars such as the Toyota Prius and C-Max and for electric vehicles such as the Leaf accounted for 2.8% of industry sales. That is down from 3.6% through the same period in 2014....
  • Tesla shares dive after Consumer Reports yanks recommendation for Model S

    10/20/2015 1:44:53 PM PDT · by dynachrome · 44 replies
    LA Times ^ | 10-20-15 | Jerry Hirsch
    Consumer Reports withdrew its recommendation for the Tesla Model S — a car the magazine previously raved about — because of poor reliability for the sporty electric sedan. The turnabout comes after the influential consumer magazine handed the luxury car a “worse-than-average” rating in its annual report on the predicted reliability of new vehicles issued Tuesday. The news sent Tesla Motors stock down as much as $23.77, more than 10%, to $204.33 in mid-day trading. See the most-read stories this hour >> Consumer Reports surveyed 1,400 Model S owners “who chronicled an array of detailed and complicated maladies” with the...
  • Tesla to fight Denmark’s new tax on electric cars

    10/18/2015 7:33:25 AM PDT · by Olog-hai · 14 replies
    TheLocal.dk ^ | 12 Oct 2015 08:51 GMT+02:00
    The government has defended its move to gradually phase out tax breaks on electric cars as a way to make things fairer for car owners, but the maker of Denmark’s most popular electric model has slammed the plan as anti-competitive and a death knell for the industry. A political agreement reached on Friday afternoon will see tax breaks on electric cars phased out over the next five years. As a result, the costs of some popular electric models will skyrocket. The hardest hit will be the luxury model Tesla S P85D, which will more than double in price from 875,000...
  • On-site power from Tesla batteries for US buildings

    10/14/2015 5:09:16 AM PDT · by thackney · 24 replies
    Cogeneration & On-Site Power Production ^ | 12 Oct 2015 | Tildy Bayar
    A US realtor has announced plans to create a fleet of hybrid-electric buildings powered by battery energy storage systems from Tesla Energy. California-based Irvine Company has signed a memorandum of understanding with microgrid firm Advanced Microgrid Solutions (AMS) to install the battery systems at each building. The batteries will be charged during non-peak hours and will be used for on-site power during peak daytime hours or in the event of a power failure, Irvine Company said. The project’s first phase is planned to include up to 24 office buildings in the city of Irvine, and is expected to reduce the...
  • Tesla claims trespassing journalists attacked Gigafactory workers

    10/13/2015 7:02:27 PM PDT · by DUMBGRUNT · 6 replies
    engadget. ^ | 13 Oct 2015 | Jon Fingas
    Two Reno Gazette Journal staffers are facing charges after they not only trespassed at the battery plant, but attacked the staff that caught them. Reportedly, they ignored requests to stay put and used their Jeep to ram two Tesla employees that responded to the incident. While only the driver has been charged with assault, it's safe to say that both of the journos knew what they were doing.
  • Tesla Begins Work on the Interior of Its Gigafactory

    10/08/2015 10:35:46 AM PDT · by Ernest_at_the_Beach · 6 replies
    greentechmedia.com ^ | October 08, 2015 | Stephen Lacey
    Reno Gazette-Journal: Tesla Now Working on Gigafactory Interior Plus Data Center For the past year, the exterior facade of Tesla Motors' Gigafactory 1 received most of the attention online, garnering plenty of images and video as it steadily rose in the high desert just east of Reno. Now the facility's innards will start to get some play, too. Work on the $5 billion battery plant's interior architecture is now underway in full force, as well as a data center to be located on the Gigafactory site.
  • Lithium Market Set To Explode – All Eyes Are On Nevada

    10/07/2015 7:00:32 AM PDT · by bananaman22 · 13 replies
    Oilprice.com ^ | 07-10-2015 | lit
    While other commodities are floundering or completely collapsing in this market, lithium—the critical mineral in the emerging battery gigafactory war—is poised to explode, and going forward Nevada is emerging as the front line in this pending American lithium boom. Most of the world’s lithium comes from Argentina, Chile, Bolivia, Australia and China, but American resources being developed by new entrants into this market have set up the state of Nevada to become the key venue and proving ground for game-changing trade in this everyday mineral. Nevada is about to get a boost first from Tesla’s (NASDAQ:TSLA) upcoming battery gigafactory, and...
  • THE ENERGY ELECTION ( climate change money )

    09/30/2015 11:21:28 AM PDT · by george76 · 7 replies
    New Geography ^ | 09/30/2015 | Joel Kotkin
    Progressive pundits increasingly envision the 2016 presidential election as a “last chance,” as one activist phrased it, to stop “climate change catastrophe.” As this agenda gets ever more radical, the prominence of climate change in the election will grow ever more obvious. The key here is that the green left increasingly does not want to limit or change the mix of fossil fuels, but eliminate them entirely, the faster the better. ... Climate activists such as hedge fund billionaire Tom Steyer increasingly couch their policies on theological grounds, one reason why the pope’s intervention was so timely. Stark self-interest is...
  • Tesla’s Model S P85D Just Broke Consumer Reports’ Ratings System, Scoring 103 Out Of 100

    08/30/2015 6:16:56 AM PDT · by lbryce · 59 replies
    TECH CRUNCH ^ | August 29, 2025 | Connir Loizos
    Well, this is something you don’t see every day. According to a new report out of Consumer Reports, the Tesla Model S P85D, all-wheel-drive electric sedan, performed “better in our tests than any other car ever has, earning a perfect road-test score.” Actually, it did better than that, scoring 103 points in a scoring system that, “by definition,” doesn’t go past 100. Among the many reasons it scored so remarkably high, says the outlet: its “brutally quick” acceleration (the car soars from 0 to 60 miles per hour in 3.5 seconds); better braking and handling than the standard Model S...
  • Tesla Loses More Than $4,000 on Every Car Sold

    08/09/2015 5:41:34 PM PDT · by nickcarraway · 32 replies
    It's crunch time for Tesla Motors.The Silicon Valley automaker is losing more than $4,000 on every Model S electric sedan it sells, using its reckoning of operating losses, and it burned $359 million in cash last quarter in a bull market for luxury vehicles. The company on Wednesday cut its production targets for this year and next. Chief Executive Elon Musk said he's considering options to raise more capital, and didn't rule out selling more stock. Musk has taken investors on a thrill ride since taking Tesla public in 2010. Now he's given himself a deadline, promising that by...
  • Tesla burns cash and loses more than $4,000 on every car it sells

    08/09/2015 10:29:21 AM PDT · by SeekAndFind · 22 replies
    Business Insider ^ | 08/08/2015 | JOSEPH WHITE AND PAUL LIENERT, REUTERS
    It's crunch time for Tesla Motors. The Silicon Valley automaker is losing more than $4,000 on every Model S electric sedan it sells, using its reckoning of operating losses, and it burned $359 million in cash last quarter in a bull market for luxury vehicles. The company on Wednesday cut its production targets for this year and next. Chief Executive Elon Musk said he's considering options to raise more capital and didn't rule out selling more stock. Musk has taken investors on a thrill ride since taking Tesla public in 2010. Now he's given himself a deadline, promising that by...
  • Tesla Mounts A Self-Serving Push For Tougher Fuel Economy Standards

    08/07/2015 5:31:52 PM PDT · by jazusamo · 33 replies
    Investors.com ^ | August 7, 2015 | IBD Editorial
    Crony Capitalism: Not content with the billions it gets in government help, Tesla Motors now wants tougher fuel economy standards that would cripple its competitors. Is this what passes for entrepreneurship today? In 2012, President Obama announced a new "Corporate Average Fuel Economy" standard that will require all the cars each automaker sells to get an average 54.5 miles per gallon by 2025. Given the lead time that automakers need to design and test new cars, they now have only a few years to figure out how to achieve that goal. And since there are only a couple non-plug-in cars...
  • Hillary did not watch debate (tonight's message to hillarysfatass@gmail.com)

    08/06/2015 9:59:14 PM PDT · by doug from upland · 12 replies
    the witch's staff ^ | 8-6-15 | the witch's campaign
    Hillary Clinton Unsubscribe 6:42 PM (3 hours ago) Friend -- Right this minute, ten Republican men are on national TV, arguing over which one will do the best job of dragging our country backwards. I'm not watching, and I don't need to be. Donald Trump, Jeb Bush, Scott Walker, Marco Rubio -- they all have the same agenda. They are out of step with the kind of country Americans want for themselves and their children. I'm on the road tonight, but I wanted to take a moment to ask you to chip in $1 or more right now to fight...
  • Report: Tesla Model S hacked, shut down at low speed

    08/06/2015 6:37:25 AM PDT · by McGruff · 16 replies
    Michigan Live ^ | August 06, 2015 | David Muller
    DETROIT, MI - A report in the Financial Times says cyber security researchers were able to hack into and gain control of a Tesla Model S and shut the vehicle down at a low speed. The electric car was going about five miles an hour when Marc Rogers, principal security researcher at Cloudfare, and Kevin Mahaffey, chief technology officer at Lookout, shut the car down, causing all of its screens to go black and the handbrake to come on.
  • Warren Buffett And Elon Musk To Spark A Lithium Boom

    07/28/2015 6:46:18 PM PDT · by bananaman22 · 27 replies
    Oilprice.com ^ | 28-07-2015 | Dave
    The age of electrification across the transportation sector, the solar panel revolution, and Tesla’s battery gigafactory are igniting a battle for the cheapest battery. That will transform lithium into a boom-time mineral and the hottest commodity on the energy investor’s radar. It has been easy to take lithium for granted. This wonder mineral is the backbone of our everyday lives, popping up in everything from the glass in our windows to our mountains of electronics. And while investors have long appreciated the steady rise in demand for this preferred mineral, the number of new applications continues to multiply. Smart phones,...
  • YC-Backed Transcend Launches An Extra Efficient LED Light For Indoor Farmers

    07/15/2015 9:23:15 PM PDT · by 2ndDivisionVet · 16 replies
    TechCrunch Daily ^ | July 8, 2015 | Christine Magee
    Transcend Lighting, one of the more unconventional startups accepted into Y Combinator’s latest cohort, is launching out of beta today to bring its energy-saving LED lights to indoor farmers everywhere. Founder Brian Bennett, an optical engineer by training, invented the first Transcend prototype after his father challenged him to build some LED lights for the family farm in upstate New York. When the lights he designed were successful, Bennett entered a business plan competition at Columbia, won some money to continue developing the idea, and was accepted into Y Combinator’s Spring 2015 class. “Farms today, generally speaking, use high pressure...
  • Breakthrough for electric cars: Supercapacitors from miracle substance charges batteries in minutes

    07/23/2015 9:23:04 PM PDT · by 2ndDivisionVet · 37 replies
    International Business Times ^ | May 25, 2015 | Peter Carty
    The problem of limited range has been an important factor curbing the wide-spread adoption of electric cars. But scientists in South Korea have developed a new technology which could solve the problem. The lithium-ion batteries used in most of the current generation of electric cars have limitations. They are expensive and store insufficient power for the needs of many drivers, requiring frequent top-ups. And when they have to be recharged the charging process is time consuming. The technological breakthrough could solve these problems. And in the process, Dr Lu Wu of the Gwangju Institute of Science and Technology in South...
  • Returning To The Moon Is Ten Times Cheaper Than Thought, And It Could Lead To Mars

    07/24/2015 5:25:44 PM PDT · by 2ndDivisionVet · 58 replies
    IFL Science! ^ | July 22, 2015 | Jonathan O'Callaghan
    Traveling to the Moon just got a whole lot cheaper. A NASA-funded study (PDF) has found that the cost of lunar missions could be reduced by a factor of 10 using a number of techniques – and it could also have implications for getting humans to Mars. The extensive NexGen Space study by the National Space Society (NSS) and the Space Frontier Foundation (SFF) said that partnerships with private companies could return humans to the Moon for $10 billion (Ł6.4 billion), rather than the previosuly estimated $100 billion (Ł64 billion) that had turned off potential suitors. Utilizing fuel sourced from...
  • Tesla gets $295M in cap & trade-type credits for technology not offered to customers

    07/23/2015 10:49:38 AM PDT · by jazusamo · 11 replies
    watchdog.org ^ | July 23, 2015 | Tori Richards
    Tesla Motors has earned more than $295 million in state cap and trade-type emission credits during the past three years for a battery-swapping technology customers weren’t getting, a Watchdog investigation reveals. In fact, the electric car company, owned in part by billionaire Elon Musk, may have earned credits up to nearly half a billion dollars in value from the 11 states that use the Zero Emission Vehicle barter as part of a green auto industry mandate. California created the program and leads the pack, doling out $173 million in credits to the Silicon Valley-based Tesla. Tesla claimed the credits between...
  • Tesla, Nissan Take Financial Hits as States Remove EV Subsidies

    07/02/2015 1:19:55 PM PDT · by jazusamo · 12 replies
    NLPC ^ | July 2, 2015 | Paul Chesser
    It’s been six years sinceelectric vehiclemanufacturers enjoyed their windfall from U.S. taxpayers via the stimulus, but the thirst for subsidies, and pain from financial losses, have not waned. The pursuit of government goodiescontinues apace forTesla Motors, even more vigorously after the Los Angeles Timesreported last month that CEO Elon Musk depends on more than $4.9 billion in corporate welfare for his companies, which also include SolarCity and SpaceX. Tesla’s quest may more accurately be portrayed as preservation of the golden goose that is California’s zero-emission vehicle (ZEV) credit scheme. The Golden State requires the six largest auto manufacturers to...
  • Toyota’s new hydrogen-powered car has a record-setting range

    07/01/2015 2:37:08 PM PDT · by SeekAndFind · 32 replies
    Business Insider ^ | 07/01/2015 | Graham Rapier
    Toyota has been very vocal about its lofty plans for the new Mirai. After severing ties with Tesla in 2014, Toyota has shifted its focus toward fuel cells and away from all-electric cars. On Wednesday, Toyota announced that the Mirai had achieved an EPA-estimated range of 312 miles. That’s the longest range of any zero-emission vehicle on the market today, including electric vehicles. “Toyota realized in the early 90’s that electrification was key to the future of the automobile,” said Toyota’s North America CEO Jim Lentz in a statement “Just as the Prius introduced hybrid-electric vehicles to millions of customers...
  • The green mirage—and con job

    06/28/2015 5:28:58 AM PDT · by Sean_Anthony · 2 replies
    Canada Free Press ^ | 06/28/15 | Paul Driessen & Tom Tamarkin
    Musk, Schmidt, Simons and billionaire buddies build empire based on climate and energy BS Elon Musk and his fellow barons of Climate Crisis, Inc. recently got a huge boost from Pope Francis. Musk et al. say fossil fuels are causing unprecedented warming and weather disasters. The Pope agrees and says Catholics must “ask God for a positive outcome” to negotiations over another UN climate treaty. It matters not that the predicted calamities are not happening. There has been no warming in 19 years, no category 3-5 hurricanes making US landfall for a record 9-1/2 years, indeed none of the over-hyped...
  • Tesla Leases Former Solyndra Manufacturing Site

    06/22/2015 7:54:34 AM PDT · by 2ndDivisionVet · 7 replies
    Gas2 ^ | June 22, 2015 | Steve Hanley
    Electrek is reporting that Tesla has signed a lease for the former Solyndra manufacturing site just a few miles away from its assembly plant in Freemont, California. Its current production facility can build up to to 500,000 cars a year, but Elon Musk says Tesla will be building “millions” of cars by 2020. What will it do with the new space? In an e-mail to Business Journal, it said “901 Page, located conveniently down the road from the Tesla Factory, gives us the space to expand our manufacturing and build more engineering labs as we build up production.” There is...
  • Is Elon Musk Just A Billionaire Welfare King?

    06/12/2015 9:27:31 PM PDT · by Rabin · 32 replies
    oilprice.com ^ | 11 June 2015 | Gaurav Agnihotri
    Elon Musk our billionaire, whose Stimulus funded Tesla Motors, Solarandra City and (only option to Russia, NASA is out) Space X has received $4.9 billion in FedSlush. Is Elon Musk a billionaire welfare queen of Federal grants, discounted loans, tax breaks, government RICO & Carbon credits? Tesla is set to receive an incentive worth $1.3 billion from the state of Nevada. Anyone who buys a Tesla gets a $7,500 federal income tax credit, Californians receive an additional rebate of $2,500 from the state. In all, Tesla Motors Inc. has received close to $2.391 billion in form of government subsidies. SolarCity,...
  • Tesla leases former Solyndra building in Fremont

    06/11/2015 7:02:15 PM PDT · by NormsRevenge · 12 replies
    SFGate.com ^ | 6/11/15 | David R. Baker
    Fast-growing Tesla Motors has leased a Fremont building once occupied by Solyndra before the solar company’s high-profile implosion, the Silicon Valley Business Times reported Thursday. The 500,000-square-foot facility, at 901 Page Ave., was the last of Solyndra’s former buildings to remain empty. Seagate Technologies snapped up Solyndra’s main factory — built with $528 million in federal loans — in 2012. And earlier this year, SolarCity leased a two-building Solyndra complex at 47700 Kato Rd. Tesla CEO Elon Musk chairs SolarCity’s corporate board.
  • Elon Musk Defends His Companies' Subsidies

    06/05/2015 9:20:58 AM PDT · by jazusamo · 32 replies
    NLPC ^ | June 5, 2015 | Paul Chesser
    Alt-energy/transport-tech CEO Elon Musk and his trio of companies (Tesla,SolarCity andSpaceX) didn’t cooperate with the Los Angeles Times on its article that tabulated his businesses’ whopping sum of corporate welfare ($4.9 billion) , and he was predictably miffed by the (accurate) portrayal. So he went about trying to fix things on CNBC and with the Times on Monday, but not by denying the conclusions reached by reporter Jerry Hirsch, but instead by essentially pointing at fossil fuel industries and saying “they do it more.” “If I cared about subsidies,” Musk told Hirsch in a follow-up to his Sunday expose’,...
  • Taxpayer Subsidies Keep Elon Musk's Companies Afloat

    06/02/2015 11:24:42 AM PDT · by jazusamo · 16 replies
    NLPC ^ | June 2, 2015 | Paul Chesser
    Well, somebody did it, and it was the mainstream media. Congratulations to the Los Angeles Times for taking the time to research and estimate the total amount of U.S. public (local, state, and federal) subsidies for companies owned or run by South African-born Canadian-American Elon Musk. The total amount calculated by reporter Jerry Hirsch for taxpayer-backed incentives – of many different forms, including tax credits and rebates provided to customers – was $4.9 billion. The corporate beneficiaries have been Tesla Motors and SpaceX, where Musk is CEO, and SolarCity Corp., where he is chairman. The sum does not include SpaceX’s...
  • Tesla loses its shot at direct car sales in Texas

    06/02/2015 9:00:27 AM PDT · by Conscience of a Conservative · 23 replies
    Engadget ^ | May 31, 2015 | Jon Fingas
    If you want to buy a Model S in Texas, you're going to have to jump through some hoops for at least the next couple of years. Bills that would let Tesla sell cars directly to customers aren't going to get a vote before the state's legislative session wraps up on June 1st, leaving the electric vehicle maker high and dry until the next session kicks off in 2017. This doesn't mean that you're completely out of luck if you want Tesla-made transportation in Austin (see above for proof), but you can't simply pick one up. The setback isn't completely...
  • Elon Musk’s $5 Billion in Govt Subsidies Helps Make Ends Meet

    05/31/2015 1:52:41 PM PDT · by Rockitz · 25 replies
    Breitbart.com ^ | 31 May 2015 | Robert Wilde
    If you build it we will come could be the mantra for Los Angeles billionaire mogul Elon Musk. Well the Los Angeles entrepreneur built Tesla Motors Inc., SolarCity Corp. and Space Exploration Technologies Corp., known as SpaceX, and what came was an estimated $4.9 billion in government subsidies, according to data compiled by The Los Angeles Times. “He definitely goes where there is government money,” said Dan Dolev, an analyst at Jefferies Equity Research. “That’s a great strategy, but the government will cut you off one day.” Now after a plethora of government incentives, such as grants, tax breaks, factory...
  • Tesla is apparently recharging ’emissions free’ electric cars with a diesel generator

    05/28/2015 10:36:17 AM PDT · by Cincinatus · 55 replies
    Watts Up With That ^ | May 28, 2015 | Anthony Watts
    Bishop Hill points us to this video of the Tesla Supercharging station at the Harris Ranch exit of Interstate 5 in California. He writes: “How can one resist posting a video of Tesla electric cars being recharged (so it is claimed) using a diesel generator? These people love the environment you see.” The video shows a portable diesel generator next to the charging station and some Tesla automobiles. Watch this short video: