Few auto manufacturers would actually find themselves lobbying California lawmakers to pass more stringent zero-emission regulations. Then again, Tesla is not your “typical” automaker, as zero-emission cars is all they do, and that lobbying has put Tesla firmly in the minds of the state’s lawmakers.
With California having a vested interest in the success of the EV world, thanks to its growing number of cars on the road, it needs Tesla to start hammering out a more eclectic line of vehicles. The Model X is exactly the balance that Tesla and California need, but as an up-and-coming business, Tesla’s funds are a little tight. Well, California has upped its faith in the growing automaker, as it the state has issued it a $10 million grant to help the EV manufacturer get its Fremont, California ready for production of the new crossover SUV.
Now before you get yourself up in arms about the government handing out grants to another EV company, please note that per the terms of this grant deal, Tesla has ponied up $50 million toward the project. That $60 million will be used to create 700 new jobs, update equipment and bring in the new equipment that Tesla needs to stamp out the Model X.
This means that we are getting closer and closer to the scheduled 2014 release of the Model X, which will carry with it an MSRP from $57,400 to about $90,000. Models nearer the top end of the MSRP spectrum will boast dual-motor all-wheel drive and a 0-to-60 mph time under 5 seconds. That will put the Model X near the performance level of the Porsche Cayenne Turbo with a lower MSRP and no fuel to purchase. All that remains to be figured out is whether it will boast a 300-mile electric range like its Model S brethren. If so, Tesla certainly has a winner on its hands.
Not long ago, it was hard to use the term "sporty" in the same sentence with the word “electric.” That being said, as the technology progressed, green cars have started to grow faster and stronger, being able to compete against any famous sports car that can be found on today’s roads.
Tesla had a major role in permanently changing our perception of electric cars. Its sporty model - the Roadster – was launched in 2006 and was based on the similarly sporty Lotus Elise. Though, despite sharing the same platform with the Elise, the Roadster was a totally different breed of car.
This green monster is powered by a 248 hp (185 kW) electric motor fed by a 53-kilowatt-hour battery that offers an autonomy of up to 200 miles. However, going green and sporty doesn’t come cheap, as the Tesla Roadster has a starting price of $109,000.
Hit the jump for more details on the Tesla Roadster.
So, for anyone that watched the Debate last night – I did and I am suffering today thanks to the late evening – you saw presidential hopeful, Mitt Romney, hit our sector a few times. One time, he took a direct swipe at two alternative-energy car companies in one statement. If you missed the statement, here it is:
"Now, I like green energy as well, but that’s about 50 years’ worth of what oil and gas receives," Romney said during the first of three Presidential debates. "You put $90 billion — like 50 years’ worth of breaks — into solar and wind, to Solyndra and Fisker and Tesla and Ener1. I mean, I had a friend who said, you don’t just pick the winners and losers; you pick the losers."
Now, we’re not here to debate politics, but to call Tesla and Fisker “losers” is not quite fair. As a matter of fact, Tesla announced on Wednesday – the same day that Romney labeled it a “Loser” – that despite its struggles meeting delivery goals, which are due to supplier issues, it will become “cash-flow positive” by next month and will hit the 500-unit mark in just a few weeks.
Hitting that black in the ledger is a huge step for an upstart company and to see Tesla hitting it this soon is impressive. Musk also announced that despite criticisms of the DOE loan to Tesla, the company has always paid the loan installments on time and has never even given a thought to postponing the payments.
We are not too sure exactly what will come of Tesla in the long run, but it is already prepping the release of its second vehicle, the Model X SUV, and there is a light at the end of the very long upstart tunnel for Musk and Tesla. We’ll keep an eye on the ledger sheet and let you know if Tesla meets this anticipated milestone on time or not.
Click past the jump to read Mr. Musk’s blogged press release.
In the world of electric vehicles, Tesla is busy placing the finishing touches on the Sistine Chapel while the rest of the automotive world is still fumbling around with paint-by-numbers kits. Tesla managed to pull off making an EV lineup that is sexy, efficient, range-heavy, and cost effective while the rest just can’t keep up.
We knew that Tesla had its new “Supercharger” that it was working on, but we were none too sure exactly what it was going to end up being. Well, now we know. The Superchargers are a line of charging stations that Tesla is building to help make driving EVs nearly as convenient as combustion vehicles by providing extremely fast charges.
Tesla announced that the initial six chargers will all been high-traffic corridors in California and will be 100 percent fueled by sunlight, which makes them 100 percent green too. They can provide 100 Kw of power in just 30 minutes, which is good for about three hours of driving at 60 mph. In the future, Tesla plans to crank them up to 120 Kw. To boot, Tesla also announced that these Supercharger stations will be completely free of charge for Tesla Model S owners to use.
Tesla plans to extend the Supercharger network next year to other high-traffic areas and eventually plans to have enough stations to travel from Vancouver to San Diego, Miami to Montreal, and L.A. to New York in an electric vehicle without worrying about discharging the batteries. For Tesla Model S owners, this would mean completely cost-free travel across the country, sans wear and tear on the car and food.
We must tip our hats again to the genius that is Tesla. How exactly it pulls off these types of advancements in technology without going belly up is beyond us. Let’s just hope it can keep this trend up and get us away from fossil fuels altogether and into EVs that put most gasoline-powered cars to shame.
In a recent interview, Elon Musk, Co-Founder of Tesla Motors Inc. (TSLA), announced that the company has plans to build an electric supercar that will target models from Ferrari and Lamborghini. The new model won’t cost more than $200,000, but it also won’t arrive on the market for the next four-five years.
The future Tesla supercar will most likely be built on the same platform as the electric Roadster, but will deliver much more than the current 248 HP. This means that the 0 to 60 mph sprint time will drop significantly under the Roadster’s 3.9 seconds, while top speed will most likely be limited to about 150 mph.
"We will do an electric supercar at some point," Musk said. "It was going to happen right after the Model X, but it is more important to the world that we do a more affordable electric car. Hopefully, we will get to an electric supercar in four to five years."
It was just a matter of time before Tesla and Fisker had to duke it out for a second time – the first coming in a Fisker-won court battle. This time around, it was Tesla CEO, Elon Musk, that decided to drop the gloves and poke Fisker for a fight. In an interview with Automobile Magazine, Musk said “It’s a mediocre product at a high price,” when talking about the Karma. He also said that “[Fisker] thinks the most important thing in the world — or the only important thing in the world — is design, so he outsourced the engineering and manufacturing.”
Musk did, however, pay a much-deserved complement to the Karma, stating that “It looks good” and “Particularly from the side it looks good." That’s definitely a comment that we can all agree with. Even ousted Fisker CEO, Henrik Fisker, stated that he’s “delighted that Elon thinks the Karma is a good-looking car.” Fisker went on to assure us that Tesla and Fisker are not competitors and that they use two different technologies and are going after completely different customers.
We beg to differ with that statement. Yes, you are using different technologies – Tesla’s is far more advanced – but you are competing for the same customers. Any hybrid customer or extended-range EV buyer would be silly not to look into the technology that Tesla has created and anyone that thinks that they are not in competition with one another is a little bit disillusioned.
We think that Musk was a little brash with his statements and would be better off to keep his opinions out of the corporate spotlight, regardless of how true they may be. Then again, the comments are damn funny, regardless of how inappropriate they may have been. Guess we have to give Musk some credit for speaking his mind.
So many car companies lose sight of the single most important aspect of running a business: keeping cost low and profit high, while maintaining good quality control. This has ultimately landed many start-up companies into early closure and even some juggernauts, like Pontiac and Oldsmobile, into shutting their doors for good.
Tesla CEO Elon Musk really seems to have his finger on the pulse of his business, as they slowly start bringing more mainstream cars – as mainstream as an EV can be – into the market, with its new Model S and upcoming Model X. To help control overhead, each Tesla Model S is built to order, so there aren’t any leftovers on the shelves, but this also poses the risk of not being able to keep up with demand.
At this point, Tesla is manufacturing at its capacity and needs to push out another 5,000 Model S units by December 31st to hit its goal and stay in the black. This is a tall task that will likely not be possible without increasing production, but Tesla’s CEO also knows that increasing production also increases cost, so there needs to be a delicate balance. Musk was quoted saying that “The challenge that Tesla faces over the next few months is scaling production enough to achieve a certain gross margin on our product so we can be cash flow positive. That’s extremely important,” and “If we’re unable to do that, we’ll enter the graveyard with all the other car company startups of the last 90 years.”
Clearly, Musk is willing to take this challenge head-on and he understands what’s at stake. We love the Tesla line and want to see it succeed, and seeing a CEO that is willing to admit the challenges ahead and ready to take them on is a promising start. We’ll keep a close eye on this to make sure Tesla can actually hit its goals for the year and stay afloat.
The TopSpeed time machine has taken us ahead before to see what Porsche has in store, now that VW controls it. It has also taken us to an alternate reality, where we got to see just how the i8 could completely fall on its face. Well, now with McLaren confirming what we all suspected (that the V-12 is about to becomes extinct), we are going to fire the old time cruiser back up and see what the supercar world might have in store for us in 2020.
McLaren has already come out and said that the V-12
"belongs in a museum" and plans to downsize its engine lineup, but this is just the tip of the iceberg. You see, in 2014, the FIA is dropping its engine sizes to petite 1.5-liter V-6 plants with turbochargers and energy recovery systems. Six years after that changeover, fuel will likely be so expensive that the FIA may drop to a 4-cylinder regulation, which opens the door for supercars to borrow said technology.
This would mean no more V-12, V-10, V-8, or V-6 engines and just super-powerful 4-cylinders will remain. Pumping 500 to 600 ponies from a 4-pot is not an impossible task, but it requires very precise research and development. The smaller engines will also result in lower weight, more manageable weight ratios, and better handling. Lower weight, in turn, results in better fuel economy and quicker acceleration.
There will be some tradeoffs, as expected. No longer will we have these 200+ mph supercars. You will also have a much less comfortable drive than expected, as these 4-bangers will be much more high-strung and touchy, much like a race car.
The big picture is what matters in all of this. No longer will there be a hunkin’ V-12 engine chugging down a gallon of fuel every 8 to 11 miles. In 2020, we should see smaller 4-pots getting 16 to 18 mpg and still keeping up with their larger ancestors up to 100 mph, which is really all that matters. Ask yourself, “When was the last time I drove 200 mph in my Aventador?”
But what about electric? Click past the jump to read about electric-powered supercars in 2020.
One of the few thorns in the side of the EV market place is the battery charging systems. The vast majority of them require upwards of six to eight hours to reach 100 percent capacity and at the quickest, most can reach 80 percent in about three to four hours. Well, Tesla has been at the forefront of EV engineering, especially with its 300-mile-range Model S, which screams to 60 mph in about 4 seconds.
The Model S, as delivered, is no different than any other EV when it comes to charging, as its 85kWh battery requires eight hours to charge, using its standard 240-volt charging system. Tesla plans to separate itself from the competition once again by releasing a 440-volt fast-charger, which Tesla has cheekily dubbed the “Supercharger” (obligatory rim shot).
Anywho, this new “Supercharger” will be able to get the Tesla S from full discharge to 100 percent in just about an hour. The catch is that this fast charger is not designed for everyday use, it is only for those emergency fill-ups on the road. Tesla is planning to have these stations installed in high-traffic areas for on-the-spot fill ups in just about a year.
Once Tesla releases this new charger for use in the States, it will firmly place itself in the driver’s seat in the EV market, leaving everyone else looking up at it wondering how this small company managed to pull off these stunts. We think the time for the other car companies to start investing more money in EV models is now, before Tesla runs away with it all.
In what was more of a publicity stunt than anything, Tesla delivered its “first” Model S to its “first” owner about two weeks ago. Well, said owner just so happened to be an executive with the company that likely didn’t pay much, if anything, for the car. Now we are ready to announce yet another milestone for this all-new electric-powered sports sedan, and that is its official EPA ratings.
Keep in mind, that these ratings are all based on the 85-kWh battery, not the smaller and less expensive batteries. The Model S came in at a respectable 88 MPGe in the city, 90 MPGe on the highway and 89 MPGe combined. MPGe is basically how far an electric car will travel on the electric equivalent of the energy contained in a gallon of gasoline.
The EPA didn’t stop there, as it also had to put the Model S’s claimed 300-mile range to the test. In this test, the Model S came up pretty short, as it could only hit 265 miles on a single charge, which is a pretty significant 11 percent drop. In overall scheme of things, the Model S trumps the other, less expensive, EVs, like the Honda Fit, Nissan Leaf, and Focus electric in total range. In combined MPGe, however, the aforementioned EVs beat it out, as they net 118 MPGe, 99 MPGe, and 105 MPGe, respectively. The “as tested” Model S also has a base price of $69,900, which is over $30,000 more than the most expensive EV of the group, the Focus Electric.
Then again, the “as tested” Tesla Model S also zips to 60 mph in under 5 seconds and looks flat out awesome doing it. None of the other EVs can boast that combined with impressive range and MPGe. So, even though the Model S came up a little short, it is still impressively economical.