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Tesla Motors continues to buck the odds, celebrating a major victory in the North Carolina Senate this week. The North Carolina Automobile Dealers — concerned about competition — set its sights on the green car company last month when it endorsed a bill that would’ve significantly curtailed Tesla’s ability to sell vehicles in the state. The legislation, supported by the Senate’s Commerce Committee, targeted direct-to-consumer sales which eliminate the need for dealerships. But Elon Musk and friends proved that it wouldn’t be quite so easy to squeeze them out of NCAD’s territory — Tesla took both North Carolina Governor Pat McCrory and House Speaker Thom Tillis on test drives to show off the car’s capabilities. Musk’s strategy seems to have paid off, as the North Carolina House of Representatives struck down the bill on Tuesday. With another victory under its belt, Tesla’s upward momentum shows few signs of slowing down anytime soon.

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Via: Autoblog Green

Source: News & Observer

While we largely enjoyed our time behind the wheel of the Tesla Model S, we clearly didn’t have as much fun as Consumer Reports. The often stringent outlet just gave the EV sedan a 99 out of 100 rating, which makes it not just the publication’s highest-ranked electric car, but its highest-ranked car… period. In particular, Tesla earned high marks for efficiency and quietness, as you’d expect, although CR is equally impressed with the Model S’ performance and that inescapable 17-inch touchscreen. The review isn’t uniformly positive, though: not surprisingly, the luxury pricing and inherent range limits prevent a flawless verdict. It’s still a symbolic win for eco-friendly transport, however, and might help one Mr. Musk feel better about his pride and joy.

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Via: Motor Authority

Source: Consumer Reports

Just two weeks after announcing its expectations to become cash flow positive, Tesla’s clued us into an upcoming price hike for the Model S. The word is mum regarding a reason for the change and how much more customers will have to pony up for the award-winning EV, but Musk and Co. are planning to reveal more details within the next two to three weeks. As part of the price increase, the automaker will be tweaking Model S package options, making some standard features optional going forward. Model S enthusiasts with reservations will remain unaffected by the price and package changes so long as they configure and finalize their cars “within a fair, predefined timeframe” before the heftier price tag goes into effect. Likewise, those who’ve deferred their reservations will have a similar period of time to finalize their order and escape the higher asking price.

[Thanks, Jarrod]

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Via: Autoblog

Source: Tesla Motors

Sure, topping off a Model S in 30 minutes with a Supercharger is awfully handy, but production delays of the sedan will keep some future owners away from quick charge times — and most importantly — their cars for a little while longer. In a freshly published filing with the US Securities Exchange and Commission, Tesla revealed that it hasn’t reached its goal of producing 400 Model S vehicles a week, which places them four to five weeks behind their 2012 delivery expectations. To date, just 255 of the autos have rolled off the assembly line, 132 of which have made their way to new homes. According to the Palo Alto-based outfit, ramping up production has been slower than expected for a number of reasons, including supplier delays and taking a deliberately measured pace for quality assurance purposes.

Before the year draws to a close, Musk and Co. anticipate meeting their goal of churning out 400 cars each week, and a total of 20,000 by the end of 2013. Currently, the automaker has racked up around 13,000 reservations and thinks it’ll be working to fulfill even more throughout 2013. As a result of the manufacturing lag, the firm has slashed its revenue forecast by as much as $200 million, estimating it’ll rake in anywhere from $400 million to $440 million this year. In an effort to add cash to its coffers, the company is putting up roughly 5 million shares of stock for sale. Who’s buying, you say? Tesla mentioned its CEO Elon Musk is interested in putting down a cool million bucks.

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Tesla behind on Model S production goals, aims for extra cash with stock sale originally appeared on Engadget on Tue, 25 Sep 2012 21:56:00 EDT. Please see our terms for use of feeds.

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Tesla founder Elon Musk would like to remind you that the Model X isn’t the terminus of his company’s electric car ambitions. Far from it: Musk tells Wired that Tesla’s 2016 plans include both a crossover SUV akin to the BMW X3 as well as a pure sports car that goes beyond just a Roadster redux. The racier vehicle will have speed, but “not supercar pricing,” the CEO says. He also elaborated on already-known plans for an ‘entry’ sedan in 2015, which should resemble a 20 to 25 percent smaller Model S and cost about $30,000 if all goes well. There’s a wide gap between promises and reality in all those statements, but Musk has a reputation for largely delivering on target — which gives us hope that there will finally be Tesla EVs within range of everyday budgets.

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Tesla CEO teases crossover and sports car EVs for 2016 originally appeared on Engadget on Wed, 12 Sep 2012 16:11:00 EDT. Please see our terms for use of feeds.

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