Though NASCAR is officially based in Daytona Beach, Florida, the geographic home of American stock car racing is in and around Charlotte, North Carolina, where most of the top NASCAR teams have their race shops. When the state senate voted unanimously to block internet auto sales in NC, since dealer franchise laws there already prevent Tesla from opening its own retail outlets the new legislation would have made it impossible for the company to sell cars there at all. Tesla, in response, has come up with a novel way to lobby lawmakers in a state known for its car enthusiasm: they gave legislators test drives in Tesla’s Model S.
“When you accelerate it, it was the same sort of feeling I got when I test-drove a Mustang Boss back when I was probably 23 years old,” North Carolina House Speaker Thomas Tillis, 53, a Republican, told the Raleigh News & Observer. (Read More…)
Photo credit: Instagram user DavanH
Tesla Motors is confirming that for the third time in less than two months a Model S electric car has caught fire after an accident and burned. The news first surfaced on the Tesla Motor Club website on Wednesday and after photos were posted on Instagram and the word spread, Tesla Motors stock, which has been buffeted recently, declined again, -6% in early trading today. The fire occurred in Smyrna, Tennessee, coincidentally about four miles from where Nissan assembles the Leaf EV. Police suggest that running over a piece of metal debris, the same cause of one of the earlier Model S fires, may have been the cause of the blaze. (Read More…)
Spurred by tax breaks, free recharging stations, free parking and other benefits for EV drivers worth up to $8,100 (about 6,000 euros) a year per car, electric cars are doing very well in Norway. Tesla’s Model S was the best selling car in Norway in September and Nissan’s Leaf was the market leader in October. Last month 716 Leafs were sold, a 6% market share, beating out the Toyota Auris and the VW Golf. For the year, the Leaf is the fourth best selling car in Norway with 3.2% of the total market. (Read More…)
Reports from unnamed sources critical of competitors are not the most reliable, but Pete DeLorenzo says according to his sources within the auto industry a design shortcoming is the reason why the batteries in two Tesla Model S cars have recently started fires following collisions. Presumably DeLorenzo’s source or sources are within General Motors because they compare the way the battery pack is housed in Tesla to the way the Chevy Volt does it. Tesla CEO Elon Musk has stressed how his company protects the battery pack with 1/4″ thick armor plating underneath the car, but DeLorenzo’s source says that is essentially a band-aid solution to the fact that the battery pack itself has only a single protective shield, compared to the three layers of wrapping that the Volt’s battery pack has. (Read More…)
Tesla Motors has used exclusively Panasonic lithium ion battery cells since it started selling electric cars. 2010 photo.
Panasonic Corp., which already is the largest supplier of lithium ion batteries for the electric car industry, has announced that it has signed a new contract with Tesla to supply battery cells for the Model S and upcoming Model X electric vehicles. The Japanese company will supply 2 billion 18650 form factor lithium-ion cells worth up to $7 billion over the next four years. Panasonic has been Tesla’s exclusive supplier of battery cells since it started selling its first EV, the Tesla Roadster. (Read More…)
A second Tesla Model S has burned following an accident, this time near Merida, Mexico. Tesla Motors issued a statement saying the customer was unhurt after crash in which the Model S hit a concrete barrier. The accident occurred on October 19 according to local news reports that say that the luxury electric car was speeding and “hit a raised pedestrian crossing and briefly took flight before crashing into a wall and tree.” Photos and video posted of the crash’s aftermath show the front end damaged and flames burning the car.
In an e-mailed statement, the National Highway Traffic Safety Administration said that it has decided against launching a formal investigation into the Washington state fire early this month involving a Tesla Model S. The electric car ran over some metal debris that punctured the front battery pack, sparking the fire. NHTSA said that it found no evidence of violations of federal motor vehicle safety standard or that the fire resulted from a vehicle defect. (Read More…)
Tis better to own a Leaf or an S than to rent one, it seems. According to Enterprise Holdings Inc., known for driving around in cars wrapped in branded brown paper for some reason, customers who rent electric-only vehicles from their lot soon return their sustainable rides for a one with a sustainable range based on the number of (gasoline and diesel) fuel stops along the way.
The price of Tesla Motors stock took a double hit this week as an influential analyst downgraded the company’s investment potential almost simultaneously with the viral spread of a Model S electric car burning in Washington state after running over metal debris in the road. On Wednesday morning, the Robert W. Baird company changed its rating on shares of Tesla from “Outperform” to “Neutral”. Around the same time Wednesday, Jalopnik posted a cellphone video of the burning Model S. As the video spread throughout the online automotive community and Baird analyst Ben Kallo’s report spread through the financial community, Tesla stock prices declined all day on Wednesday, finally finishing down 12.05 at $180.95 on volume that was higher than average for the stock. (Read More…)
After photos were published of a Tesla Model S in Washington state burning following a collision, with a subsequent 9.1% dip in the price of Tesla stock, the company issued a statement. The car, “collided with a large metallic object in the middle of the road, causing significant damage to the vehicle,” the EV startup said. For the day, Tesla shares fell 6.2 percent, or $12.05, to close at $180.95 in New York trading on Wednesday. The decline was biggest one day drop in Tesla’s stock price since July 16. Analysts attributed the steep decline on their opinion that the stock was already overvalued, making it susceptible to any bad news.
The general and automotive press was buzzing in the past couple of days about Tesla’s Model S acing crash testing by the National Highway Traffic Safety Administration, following a Tesla press release claiming that the Model S is the safest car ever tested by that agency. Now, NHTSA is throwing some cold water on Tesla’s claims that the Model S earned more than five stars, the agency’s highest score. The car performed well, NHTSA says, but not off the charts as claimed by Tesla. The implication that Tesla is exaggerating the crash test results follows the company’s release of what it said were profitable financial results, though the figures did not follow generally accepted accounting procedures. NHTSA also released video of the Model S undergoing crash testing. (Read More…)
Chart courtesy of Tesla Motors
While General Motors is thumping its chest because the new fullsize pickups from Chevrolet and GMC are the first to earn an overall 5 star crash test rating since the standards were upgraded two years ago, Tesla is trumpeting the NHTSA crash testing results for their Model S, saying that the luxury EV achieved the best safety rating ever of any car tested by the highway safety agency. Not only did the Model S earn an overall five-star rating, but the Model S earned 5 stars in every testing category. While 5 is the maximum rating that NHTSA publishes, manufacturers are provided with the overall Vehicle Safety Score, whose scale goes higher, and Teslas says that the Model S’ VSS was 5.4 stars, the highest ever achieved.
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.
The Electrification Coalition (EC), a trade association of companies involved in the business of electric vehicle,s released a report last week prepared by PriceWaterhouseCoopers touting strong sales of plug in electric vehicles for the first 2 1/2 years that they’be been on the market in the U.S.. Reportedly consumers are embracing PEVs much faster than they started buying hybrids when those first went on sale more than a decade ago. The report particularly noted the success of the Tesla Model S, saying that single model had an 8.4% share of the entire U.S. luxury market for the first six months of 2013. (Read More…)
(or, the interior monologue of a tech geek thinking about buying an overpriced electric car)