Defying analysts’ predictions that Tesla Motors would report a quarterly loss of $0.17 a share, the EV startup instead announced that it had a second quarter profit, after adjustments, of 20 cents a share, according to non-GAAP principles. On the news, Tesla stock went up 13% in after hours trading.
(or, the interior monologue of a tech geek thinking about buying an overpriced electric car)
A proposed law that would have eliminated Tesla’s ability to sell cars in New York state has died on the vine, after lawmakers adjourned their legislative session without taking any action on the bill.
While watching the video of Elon Musk demonstrating Tesla’s new battery swap mechanism that will be installed at the EV company’s ‘supercharger’ stations (Musk prefers to call them “Tesla stations”) I remembered something that Tom Wolfe wrote about air-cooled Volkswagens in his 1968 compilation, The Pumphouse Gang. (Read More…)
Those of you wondering exactly how Tesla’s battery swap technology works, here’s your answer. The fully automated system, said to be akin to a carwash, supposedly takes just 90 seconds. To prove the point, Tesla did a side-by-side comparison with an Audi A8 at a fuel pump. It should be noted that the A8 has an enormous 23.8 gallon tank. As Bertel points out, the battery swap system isn’t cheap – but for the folks who are buying a Model S anyways, it’s not a big deal.
Now that Better Place went belly-up, Tesla joined the battery-swapping lifestyle. As promised, Tesla unveiled a system to swap battery packs in its electric cars. According to Reuters, Tesla “will roll out the battery-swapping stations later this year, beginning along the heavily-traveled route between Los Angeles and San Francisco and then in the Washington-to-Boston corridor.” (Read More…)
I’m slow to embrace technology. When people say this in modern times, it usually means that they only have 274 iPhone apps and they’re still stuck using the iPad 3. But when I say it, I mean that, sitting on my desk as I write this, is an actual bill, being paid with an actual check, in an actual envelope with an actual stamp.
Tesla’s long-rumored battery swap technology will get its first reveal Thursday night, according to a Tweet from Elon Musk himself.
If TTAC would headline “Doldrums in U.S. electric car sales could linger indefinitely,” we’d come under screeching attacks by electric propulsion proponents, screaming “bias,” “slow newsday,” and “faux news,” along with choice invectives that would overpower our bad word filter. Well, we are sorry to disturb the peace again, but before the screeching starts, be advised that it’s not our headline. The headline is from buttoned-down Reuters. The wire doubts EVs will become a serious factor anytime soon, despite rounds of aggressive pricing.
In May, we recommended to “prepare for a low intensity price war over electric vehicles.” By now, the war is in full swing, and it is fought with big artillery. Writes Reuters: (Read More…)
Unperturbed by propaganda that the Japanese import market is closed, and that setting up new cars dealerships in Japan is just about impossible, a myth propagated by an unholy UAW/D3 alliance to detract from the tariff and regulatory walls protecting the American market, Tesla opened its second Japanese showroom in Osaka. (Read More…)
Tesla’s Elon Musk found someone to blame for the lackluster sales of EVs, and the death of some EV makers: Car dealers, and their National Automobile Dealers Association NADA.
“The auto dealers association is definitely creating some problems for us, making it harder to get things done,” Musk said at Tesla’s shareholder meeting with Reuters taking notes. Tesla wants to sell its cars directly to consumers, which is against the law in most states. Attempts to have the law changed “met stiff resistance from dealer groups around the country,” Reuters says. Musk keeps trying. (Read More…)
If you’re just now reading this series, here’s what’s going on. Because reviews of electric vehicles (my own included) seem to be 1/4 review and 3/4 whining about EV related issues, I decided to divorce the review from the “EV experience” and post daily about driving a car with an 80-95 mile range. You can catch up by going to Day 1, Day 2, Day 3 before coming back to the saga. Don’t worry, we’ll wait for you. Day three ended with my battery at 15% because I drove the orange creamsicle Fiat we have named “Zippy Zappy” over 175 miles. I don’t have a 240V charging cable at home so the car told me it would be 24 hours until the car was charged at 120V. Good thing day four was a Saturday. (Read More…)
Tow truck delivers Model S to charging station
Tesla “will triple its network of superchargers for electrical vehicles by the end of next month,” Elon Musk told Reuters. (Read More…)
Elon Musk is turning his sights towards the Nissan Leaf. The Tesla Motors founder says his ultimate goal is for a sub-$40,000 car that’s better than Nissan’s EV, and he’s hoping to make that happen within 4 years.
Ommm – ummmm
The first thing they drummed into me when I started as a copywriter for Volkswagen: “Never use superlatives. They only get you in trouble.” Now, Elon Musk is in trouble over who was first to fully pay back the government loan. (Read More…)
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