Tag archives for Hybrid Car/EV - Page 3
Not long after offering 2.7 million additional shares, Tesla has just announced that the company has fully repaid the Department of Energy loan that wasn’t due until late in 2022. The announcement follows a string of recent company updates, including how Tesla sells and warranties the Model S.
Tesla wired $451.8 million to fully repay the loan with interest, and in a release the automaker says it is the only American car company to have fully repaid the government. Then again, Tesla currently only offers one vehicle, the lauded Model S. The larger and delayed Model X (pictured at right) is set to arrive next year.
UPDATE: Tesla isn’t actually the only American automaker to pay back government loans. Chrysler points out that, about two years ago, it paid back government loans to the U.S. and Canadian governments in full. For another perspective on this issue, read this Forbes blog.
So far, Tesla has worked with Mercedes and Toyota, and offered the all-electric Lotus-based Roadster, a car the company says had a 30-percent gross margin. More recently, we’ve heard about the Model S’ improved financing terms as well as a resale guarantee and a lenient warranty update. Next week, Tesla will reveal details on a revised supercharger system. Company co-founder Elon Musk hinted at the announcement on Twitter, saying there may soon be a way to recharge a Model S throughout the country faster than you can fill a gas tank.
The Department of Energy loan fit into the Advanced Technology Vehicle Manufacturing program of which Fisker was also a part. On the original $451.8 million loan, Bloomberg notes that taxpayers will make at least $12 million from the deal. Paying off the loan early was made possible thanks to the roughly $1 billion raised in last week’s new common stock and convertible senior note offerings.
While reaching truly stable financial ground is still anything but a certainty for Tesla, it appears the company is on the right track.
Source: Tesla, Bloomberg
By Zach Gale
The New Year promises to bring lots of automotive cheer and new sheet metal to Motor Trend’s garage. Below is a list of more than a dozen new vehicles slated to hit the market in 2012, which should be more than enough to keep us busy with drives, tests, and reviews. The Motor Trend staff was tasked with the difficult job of picking their top three cars from the list below that they can’t wait to drive in 2012, and from there we tallied up the Top 5 vote getters. Do you agree with the winners? Sound off below.
2012 BMW M5
2013 Cadillac ATS
2013 Chevy Sonic RS
2013 Dodge Dart
2013 Ford Focus ST
2013 Ford Shelby GT500
2013 Mini Countryman JCW
2013 Porsche 911 Turbo
2013 SRT Viper
2013 Subaru BRZ/ Scion FR-S
2013 Subaru WRX/STI
2013 Tesla Model S
2013 Volkswagen Golf R
1. 2013 Subaru BRZ and Scion FR-S
This shouldn’t come as a surprise. Toyota and Subaru have been hard at work jointly developing an affordable and fun-to-drive, rear-wheel drive sports car for the masses. And if you’ve been visiting www.motortrend.com, you’ve probably noticed both companies teasing us with sketches, specs, show cars, camouflaged cars, and on and on and on for years now. Well, 2012 is the year to find out if all the hard work and teasing has been worth the wait. And from our initial drives thus far, the BRZ and FR-S look very promising.
First Drive: 2013 Scion FR-S
First Drive: 2013 Subaru BRZ
2. 2013 SRT Viper
After a years-long hiatus, the Viper is coming back with its snake eyes set on the Corvette and Porsche 911. Expect many changes to the iconic American sports car, especially with Fiat now at the helm of Chrysler. We’ve heard the Italians, who know a little bit about sports cars, have been involved in the new Viper’s development. In addition, the 2013 Viper will be sold under the newly formed SRT brand, s0 it’s more critical than ever that the new Viper will be a world-class performer both on and off the track. As MT’s digital director Mike Floyd states, the 2013 SRT Viper is the “halo car SRT/Chrysler desperately needs if it’s going to be taken seriously as a true global performance brand.” And just to reiterate, “the pressure on this one is massive,” says editor-in-chief Ed Loh. “Looking forward to the return of the beast.”
3. Tied: 2012 BMW M5 and 2013 Cadillac ATS
2012 BMW M5
How will a turbocharged, eight-cylinder M5 perform on the road and on the track? That’s exactly what MT staffers are eager to find out. Road test editor Scott Mortara was among the first bunch of lucky journalists to drive the new M5 and he seemed to like it. “Without a doubt, the new 2012 BMW M5 is better than its predecessor in every way,” Mortara wrote in his first drive review of the 2012 M5. “Some say they’ll miss the high-rpm V-10 screaming under the hood. Not me. I’ll take this subtle torque monster any day. Much like a purveyor of fine spirits, when an automaker starts with quality components, and adds time, insight, and desire, it’s possible to create something amazing — a vintage that can truly be savored. With the new M5, BMW has done just that.”
2013 Cadillac ATS
“Every few years some car maker declares they’ve cracked the 3 Series code,” said senior features editor Jonny Lieberman. “None succeed. However, Caddy actually went to Germany, Bimmer’s home turf. So, maybe.”
Just maybe. So what is Lieberman talking about exactly? Well, as former editor-in-chief Angus MacKenzie adds, “the engineering team picked the delightful E46 3 Series as its dynamic benchmark for the new baby Caddy.” And as we’ve seen from the countless videos Cadillac has produced, the development team has spent countless hours and laps around the famed Nurburgring for testing. Given what we’ve seen so far, it’s hard to imagine what else General Motors could’ve done to develop its new 3 Series fighter. MacKenzie continues, “I can’t wait to find out if Detroit can really out-BMW BMW.” Neither can we.
4. Three-Way Tie: Ford Focus ST, Volkswagen Golf R, and Tesla Model S
2013 Ford Focus ST
With past generations of the Focus, we Americans have always lamented that the sportiest Focus models over the years were sadly out of our reach, available only in Europe and elsewhere. That all changes with the 2013 Focus ST. The 2012 Ford Focus has proven itself as having good bones; with the additional performance of the ST model, Ford may again have a real hot hatch competitor in the U.S. — if it’s not priced out of the market. So what are we looking forward to exactly? Basically, it’s the 2.0-liter, 250-hp, turbocharged, Ecoboost four banger wrapped around sleek sheetmetal. “After years of watered-down, rental-fleet Foci, Ford finally brings us a real contender in the ST,” said news director Ed Sanchez. “The VW GTI and Mazdaspeed 3 will have to make room in the sandbox for the new kid from Dearborn.”
2012 Volkswagen Golf R
We liked the first-gen Volkswagen R32, which was armed with the burbling 250-hp,VR6 engine and a manual transmission, and all-wheel-drive. The VR6 carried over in the second-gen R32, but it was only offered with the DSG transmission, which wasn’t a bad thing — unless you, like most of us in the office, are diehard fans of the third pedal. The 2013 Golf R is coming to America in manual transmission-form only and will be powered by a new 2.0-liter, turbocharged four-cylinder making 260-hp, and fitted with VW’s 4Motion all-wheel-drive system. Will we miss the VR6? Stay tuned to find out.
2012 Tesla Model S
Following the incredibly fast Tesla Roadster comes the Model S, the electric car for every (well off) man. Tesla recently confirmed a base price of $49,900, which includes a 40kWh battery and a range of 160 miles, which should be good enough for most Americans. “Sexy styling, cutting-edge tech. What’s not to like,” asks Sanchez. “Granted, Tesla has its share of skeptics and haters, but this could be the breakthrough car for the still-struggling electric upstart.”
5. Tied: 2013 Dodge Dart and 2013 Porsche 911 Turbo
2013 Dodge Dart
It’s been awhile since Dodge has produced a remotely memorable compact car (Dodge Neon anyone?). The 2013 Dodge Dart should change that. “As the Caliber retires, we might soon see an Elantra-like transformation here for Dodge in the compact car segment,” opined copy editor Zach Gale. “I can’t wait to discover whether that nine-speed automatic transmission performs smoothly or constantly hunts for gears.”
2013 Porsche 911 Turbo
Executive editor Ron Kiino recently had some wheel time behind the new 991 Porsche 911 and expects it to continue on as a sports car benchmark. “When we want to say just how quick a car is, or how well it handles, or how amazing its steering is, well, there’s one reference we turn to, Kiino wrote in his first drive of the 2012 Porsche 911. ‘”The new Evo corners as well as a 911!’ ‘This ‘Vette is even quicker than a 911!’ ‘The GT-R is so fast it can hang with a 911 Turbo!’ You get the point.” And like always, Porsche will keep things interesting with a number of variants such as the turbo. “The old 911 Turbo was Veyron-lite; delivering staggering acceleration and a swaggering sense of invincibility on the road,” said MacKenzie. “My wheeltime in the new Carrera S suggests this latest 911 is the best ever. If the new 911 Turbo delivers the same step-change, it’s going to be a helluva car.”
Electrical fires can be rather nasty and after hearing about such an event in one of its vehicles, Tesla decided to issue a voluntary recall to prevent any more from happening.
Tesla announced it’s recalling approximately 439 2.0 and 2.5 Roadsters due to a problem one customer had with an auxiliary power cable. The cable is located just aft of the right headlight and under the right circumstances, can chafe on one of the carbon fiber panels and cause a short. This will cause smoke to issue from the general area and could cause a fire if left untended long enough.
Luckily, the power cable is for a redundant, 12-volt, electrical backup system for the headlights, taillights, turn signals, hazard lights, and airbags used if the primary system’s voltage drops too low. This means that the cable is completely isolated from the Tesla’s large, primary battery pack which would be substantially more dangerous.
The problem appeared only on one vehicle, but Tesla decided the incident was serious enough that it issued a voluntary recall for 439 2.0 and 2.5 Roadsters. Tesla has begun contacting owners about the recall, which involves installing a simple protective sleeve and can be performed by Tesla’s Service Rangers at the owners’ home or office in about one hour. The recall does not affect earlier 1.5 Roadsters as they don’t have the auxiliary cable under examination.
With sales of the Tesla Model S exceeding expectations, the automaker has been busy increasing production of the electric sedan and paying back its Department of Energy loans nine years early. While the EV maker has built just under 10 Supercharger charging stations along major corridors in California and the East Coast, this week, Tesla announced a substantial increase in the number of planned Supercharger stations.
By the end of next month, the number of operational Supercharger stations will triple, and the company claims that within six months, there will be enough Superchargers to service most major metro areas in North America. A year from now, the company says, Superchargers will provide coverage to 80 percent of the population of North America and 98 percent a year later.
The automaker also announced that new technology will significantly cut charging times. While the chargers at 120 kW are in beta test mode (versus 90 kW currently), the faster chargers will be ready this summer. At 120 kW, Tesla claims it will only take 20 minutes to replenish three hours of driving in the Model S.
Some Tesla Supercharger stations have roof-mounted solar panels (from Musk-owned SolarCity) that are said to pump more electricity back into the grid than what is used to recharge cars. Since the Tesla Supercharger has a unique charger receptacle, the stations can’t charge other EVs. Currently, Model S cars with the 85 kW-hr batteries can recharge for free, while those with the 60 kW-hr model can do the same once they purchase Supercharger capability. Musk says all future Teslas will be capable of using the Superchargers.
So what’s next for Tesla? The company is still kicking around the idea of a sub-$40,000 electric sedan as well as a high-torque electric truck and a second production plant in Texas. Of course, those models would likely arrive after the Model X crossover goes on sale around late 2014 and early 2015.
By Jason Udy
When Tesla Motors was founded in the early 2000s, many would never have guessed the company would last long enough to produce a car like the Model S. The first car to arrive was the Tesla Roadster, followed by the just-released Model S and, before long, the Model X. As we share the results of our exclusive range test of the Model S, WOT is taking a look back at the Tesla models we’ve driven and tested over the years.
Based on the Lotus Elise chassis, the Tesla Roadster replaced the Toyota-sourced four-cylinder gasoline engine with a 248-hp AC motor that generated 211 lb-ft of torque at 0 rpm. Juice supplied by a 6831-cell lithium-ion battery pack powered the electric motor that sent power to the rear wheels via a two-speed dual-clutch transmission. We were impressed during our First Drive of the Tesla Roadster in 2008.
“I’m almost grimacing as I release the brake and pound the accelerator to the floor. Whrrrrrrr…30 mph, 40 mph, 50…in the four seconds it’s taken to read this sentence, the Roadster has shrieked to 60 mph (Tesla’s claimed 3.9 seconds would seem entirely plausible in a controlled setting). There’s no wheelspin, axle tramp, shutter, jutter, smoke whiff, cowl shake, nothing. I’m being eerily teleported down the barrel of a rail gun, head pulled back by a hard, steady acceleration. Bizarre.”
During the following months, Tesla failed to deliver the first Roadsters on time and the car began to look like vaporware. After a long delay, deliveries began. The Roadster now used a one-speed transmission, which cured the ills that plagued the two-speed unit – that along with financial difficulties slowed development. Though horsepower remained the same, torque grew to 278 lb-ft of torque. The battery pack gave the Roadster a 227-mile range.
“Yeah, OK and driving it as intended, as a true sports car, ain’t great for range either. But boy does it lift the spirits. You know the drill: aluminum chassis, double wishbones, carbon fiber body, about 2750 pounds, excellent mass distribution and — oh joy! — unassisted rack and pinion steering. The Roadster delivers on the promises of its spec.”
In 2010, we finally tested a Tesla Roadster. Our tester came in Sport form, which bumped power to 288 hp and 295 lb-ft of torque. “…its acceleration is breathtaking. Make that breath-extracting. At the track, we confirmed the car’s 3.7-second scream to 60 mph — but, that’s just a number. Three-point-seven — what’s that mean? Felt, it’s such an unnatural thrust that it actually brings to mind that hokey Star Trek star-smear of warp-speed. The quick, linear accumulation of velocity makes you smile and hold on, shake your head, and eventually learn to carve unimaginable moves through traffic that’s populated by completely flat-footed internal-combustion cars.”
We compared that same Tesla Roadster against the 2011 Porsche Boxster S. In the end, we handed the win to the Boxster, but noted that “the Tesla is now a genuine car to reckon with on the world stage, despite its extraordinary price and limited range. Now if only it could better communicate its handling intentions.”
Unlike the Lotus-derived Roadster, the Model S four-door was fully developed by Tesla. The flat battery pack sits below the floor and the 306-hp electric motor powers the rear wheels. With no combustion engine or transmission to worry about, the design allows a small front trunk and a large rear hatch area. Optional rear-facing jump seats increase passenger seating to seven.
“The car’s acceleration — claimed to be 5.6 seconds to 60 mph — is a continuous press-the-seat-back surge that only a single-speed, big electric motor can provide. Interestingly, while the motor is quiet, its growly roar is a very different acoustic signature than the frenetic whine in the Roadster. Tesla claims that’s just how it sounds, and no acoustic modifications have been attempted. Bumps were nicely absorbed amid muted tire-impact noises, and the lateral grip seemed considerable for a car over 4000 pounds. That low battery location and compact powertrain are very helpful.”
Recently, we got another drive in the Model S. Horsepower has climbed since our first drive in the Model S, now at 362 hp and 325 lb-ft of torque while Performance versions make 416 hp and 443 lb-ft of torque. Depending on the size of the battery pack, the Model S’ driving range is said to be 160, 230, and 300 miles, the last of which was EPA-rated at 265 miles. “I’d advocate for a bit more rear seat space, comfort, and lateral support, and of course more range for less money would be nice,” Frank Markus concluded after his stint in the car. “But the dynamic performance, equipment level, and style nearly justify the price — even if you don’t care about the electric drivetrain. I don’t. And I want one.”
We traveled 233.7 miles during a recent trip in a Tesla Model S from Los Angeles to San Diego and back before stopping to recharge when the onboard range meter said we would be 1.7 miles short of reaching the office. Despite that, we were impressed by the energy cost to make the journey, “During our drive, we used 78.2 kW-hrs of electricity (93 percent of the battery’s rated capacity). What does that mean? It’s the energy equivalent of 2.32 gasoline gallons, or 100.7 mpg-e before charging losses. That BMW 528i following us consumed 7.9 gallons of gas for a rate of 30.1 mpg. The Tesla’s electrical energy cost for the trip was $10.17; the BMW’s drive cost $34.55. The 528i emitted 152 lbs of CO2; the Model S, 52 — from the state’s power plants.”
In our latest real-world range test of the Model S, we drove the electric car from the edge of Los Angeles to Las Vegas, then back to our El Segundo office. After these tests – which used Musk’s personal car, we developed some conclusions about the Model S.
“The take home message isn’t whether or not the Model S meets the EPA’s range rating of 265 miles. We’ve proven that it does and does not. The takeaway is that the Tesla Model S is not a real electric car, it’s a real car that just happens to be electric.”
Model X Prototype
If all goes well with the Model S, a production version of the Model X prototype — a three-row, seven-passenger SUV with gullwing style doors — is next from Tesla. Before volume delivery of that car begins in the 2014 calendar year, though, Tesla will depend on the sales of the Model S, a car that’s progressed quite a bit from the company’s beginnings with the Roadster.
By Jason Udy
Tesla Motors announced today that it will report profitability for the first quarter, after sales of the Model S electric sedan exceeded expectations. Tesla has sold 4750 units of the car thus far, up from the 4500 units previously planned.
The announcement is good news for Tesla after a disappointing year in 2012, when the company lost almost $400 million. Last year, Tesla sold just 2650 units of the Model S while it ramped up production of the car.
“There have been many car startups over the past several decades, but profitability is what makes a company real. Tesla is here to stay and keep fighting for the electric car revolution,” Tesla CEO Elon Musk said in a statement.
The company also announced two changes to the model lineup. First, Tesla has killed the low-range, 40-kWh version of the Model S. Only four percent of customers asked for the smallest battery, making it financially difficult for Tesla to build that version. Customers will receive the next largest battery pack, with a capacity of 60 kWh, but the car’s software will keep range equivalent to that of the 40-kWh pack unless owners pay for an upgrade.
In addition, Tesla revealed what it calls an Easter egg in the new Model S. Although the hardware to use Tesla’s Supercharger fast-charging network was supposed to be optional, it has actually been included in all versions of the Model S. Customers can simply pay for a software update to “unlock” the function if they need to use the Supercharger network.
Source: Tesla Motors
By Jake Holmes
Tesla CEO Elon Musk must be smiling, because the startup company has made a profit for the first time in its 10-year history. Tesla reported revenue of $562 million, resulting in an $11.2-million net income.
The Model S, which we named the 2013 Motor Trend Car of the Year, plays a huge part in this, as the company sold 4900 vehicles in the first quarter, exceeding the original 4500-unit goal. Tesla said it produced 400 or more cars a week, totaling 5000 for the first quarter. The company also raised its full-year forecast to about 21,000 worldwide deliveries (from 20,000), which seems like a realistic goal since the company has reduced the number of hours it takes to build a Model S. The automaker estimates U.S. demand this year for the Model S at 15,000 units.
Tesla now offers an improved finance plan and longer-term loans, which should make it easier for more people to consider a Model S. The automaker also improved its service experience, though the dealer network continues to expand. Over the last 30 days, Tesla’s stock has jumped from around $42 to about $55 a share. Whether the Model X can repeat the Model S’ success remains to be seen.
In other Tesla news, the Model S has also earned Consumer Reports‘ highest rating of 99 out of 100, performing better than any other vehicle except the Lexus LS 460L, which earned the almost-perfect score in 2007. The electric sedan was lauded for its quick acceleration, precise handling, and quiet interior. The publication didn’t like the limited range and long charging times.
Source: Tesla, Consumer Reports
Tesla is only in the first of two development stages for the electric Model S four-door hatchback, but it might not be long before we see a four-door Tesla rolling through Beverly Hills. Production of the Model S, Tesla announced at the Detroit Auto Show, will start in the second quarter of 2012.
The all-electric Model S is claimed to have a range of 300 miles and accelerate from 0-60 mph in 5.6 seconds. Tesla hopes to build 20,000 Model S cars a year, and has taken more than 3000 reservations so far in North America and Europe. After a federal tax credit, the base price is expected to be $49,000, unless Tesla’s research and engineering budget requires a price bump. That below-$50,000 price likely includes the battery pack that allows for 160 miles of driving between charges. The Model S will also offer 230- and 300-mile-per-charge battery packs.
A 17-inch touchscreen is part of the dash layout, meaning even those in the small third row of seating might be able to see the navigation display. Top speed of the Model S is limited to about 121 mph. We’ll be keeping an eye on Tesla as we approach its target on-sale date. What do you think: Will Tesla find 20,000 buyers a year for the Model S sedan?
Source: Automotive News (Subscription required)
By Zach Gale
Coda Automotive is offering a $552 rebate to buyers in California during the month of October. The automaker says the rebate is equal to the cost of electricity it would take to propel the Coda sedan 10,000 miles in the Sunshine State, based on current electricity costs and the EV’s 88-mile range.
The rebate is also being used to draw attention to the lower cost of electrical energy compared to gasoline and diesel. Using figures from the EPA and AAA, the automaker suggests that a gas- or diesel-powered vehicle averaging 22 mpg costs about $1700 to travel 10,000 miles at the national average fuel cost, while drivers in California will pay more than $2000 to drive the same distance.
Coda also says that EVs help protect owners from fluctuating fuel prices that have increased 106 percent on average since 1992, while electrical rates have declined on average 12 percent in the same time period.
The Coda sedan EV has a base price of $37,250 though federal and state incentives could amount to as much as $10,000 in savings, bringing the price to $27,250 before the manufacturer’s rebate.
Would 10,000 miles’ worth of electricity be enough to get you behind the wheel of a Coda? Tell us in the comments section below.
By Jason Udy
It’s almost impossible to imagine what goes through the mind of someone who simultaneously runs a space exploration and electric car company, but the editors at Automobile recently interviewed CEO Elon Musk to get an insightful look at his two ventures, Tesla Motors and SpaceX.
Today, Tesla Motors appears to be in much better shape than it appeared when the Roadster was first hitting the streets. The automaker has partnered with Toyota for development on EVs and high demand is keeping its new plant in Northern California busy. But getting to this point has been anything but easy. During the interview, Musk discusses 2008, a critical period in Tesla’s timeline when he came close to shutting the doors for good.
He also has strong words about Henrick Fisker and why he thinks the company – and the Fisker Karma – is flawed. Musk suggests that Fisker prioritizes design too much over electric-car engineering. “He thinks the reason we don’t have electric cars is for lack of styling. This is not the reason. It’s fundamentally a technology problem.”
The interview includes a response from Fisker that reads, in part: “Obviously, Tesla and Fisker are appealing to two different customer bases with two totally different technologies. Tesla has pure EV and Fisker has a range-extended offering with no compromise on range.”
Musk also discusses Tesla’s extensive testing procedures and points out that none of his cars have caught fire, regardless if they were involved in an accident. Lastly, he discusses the possibility of a smaller sedan to slot below the Model S in terms of size and price.
Click here for the full interview at Automobile magazine and head here to read about our tour of a Tesla factory.