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Tesla will 'probably' raise Model S price in Europe

The price for the Tesla Model S around Europe started higher than the US price but then went down. On a recent conference call with investors last week, CEO Elon Musk said that the future price will be going up. Probably. The hike is unlikely to be major, and Musk said that it's all part of the occasional purchase price adjustments that the company needs to make: We're probably going to have to adjust the price of our car in euros upwards because there has been a 7 percent change in the exchange rates of the euro versus the dollar. So we'll periodically have to make pricing adjustments if the exchange rate band gets too wide. I would certainly encourage anyone in Europe to purchase their car soon because we probably will have to make an adjustment there. Some example Model S starting prices in Europe are 66,640 euros ($82,712) in Belgium, 65,740 ($81,595) in Germany and 59,440 euros ($73,776) in France. For now, anyway. At the beginning of 2014, a dollar got you 72 euro cents. Today, it gets you 80. That might not be a big difference when you're buying brews for your new best friends at the hostel, but as Deepak Ahuja, Tesla Motors' Chief Financial Officer, told investors that, "as the euro weakens, the effect on our revenue is immediate." You can read a full transcript of the call here and listen here.

Unplugged Performance Tesla Model S is a blue-sky mod

Sitting outside in the sun at the SEMA show this week was the modified Tesla Model S from Unplugged Performance . As we noted a few days ago, this company wants to be known as the "AMG of Tesla" and has made a few changes to the standard S to try and claim the title. You can read about those changes in detail here but for now we just wanted to share our shots from Las Vegas of the upgraded EV. Now that we can see things better than in the provided studio shots, the modified front end doesn't look quite as rough and the carbon-fiber nosecone has a sleek elegance to it. The car was shut, so we couldn't get a good view of the heavily modified interior. For that, take a gander at the press images in the gallery below.

This is why Tesla doesn't release monthly sales numbers

While most automakers that sell vehicles in the US release a flurry of numbers at the beginning of every month to tell us how many cars and trucks they've sold, Tesla Motors has resisted following the herd. This can be frustrating for those of us who like to look at some cold, hard numbers, but CEO Elon Musk has a good explanation for why he won't play the sales figures game. During a call with investors about Tesla's third-quarter activities – Tesla does reveal its deliveries every three months – Musk was asked by John Lovallo of Bank of America if Musk would ever consider releasing monthly sales numbers? Musk's initial reply was a short: "Um, no. Sorry," but he then explained why: Part of the reason why we don't release the monthly deliveries number is just because it varies quite a lot by region and the media tends to read all sorts of nonsense into the deliveries. So, we'll have 1,000 cars reach a country one month and none the next month or 100 the next month trickle in because those are the numbers that were registered one month versus the next. People will say, 'oh, wow, Tesla sales drop by a factor of 10. Well, no, the boat arrived in January and not all the cars got registered in January and some got registered in February and in March it's back up again. People assume deliveries are a proxy for demand, and that's not the case. It is the case for other car companies but in our case, it really needs to be parsed into orders and deliveries. And bear in mind, there are a lot of things we could do to amplify orders. Orders is not a true measure of demand, it's just a measure of what we need to do to meet our production and deliver number. In other words, let's not worry about the little ups and downs because we've got plenty of demand and we're selling plenty of cars. See you in February! You can read the full transcript of the call here and listen here.

Tesla Model X delayed thanks to Model S production lessons

Besides the third-quarter sales figures for the Model S this year, the big news from the Tesla investor earnings call yesterday was another delay of the Model X electric SUV. CEO Elon Musk made it clear in his letter to investors that he did not want to "bring a product to market that does not delight customers," and he expounded on this in the call yesterday afternoon. Musk even named the X's falcon-wing doors as a potential problem. When Patrick Archambault from Goldman Sachs asked for more details on the Model X delay, Musk said his company would have no real problem making a few great X EVs, but that, "making lots of something consistently that's going to last a long time is extremely hard." Designing the car is easier than figuring out how to actually build the darn thing, he said, and building a lot of them is where Tesla can "really move the needle." We all know that that's what Musk wants to do, and he now says the third quarter of 2015 is when that'll be possible. Musk even named the X's falcon-wing doors as a potential problem. The powertrain and the chassis are based on the Model S, so that has been sorted out to some degree but, "with the falcon wing door and the second row of seats, ... we're adding some very new stuff that's really not out there, that never really has existed in a way that was useful," Musk said. Musk's argument that the X should be delayed has a lot to do with what he and the company found out by building the Model S. "We also learned a lesson in manufacturing that you have issues that are sometimes one out of 100, but unless you make 100 of something, you don't see it," he said. "Then you think the car is all good, but actually randomly one out of 100 is wrong, but you don't know necessarily which one out of the 100, then you've got to go look at all 100 cars. So just once you get into volume manufacturing there are just these statistically rare issues, but you really need to make a bunch of something in order to know that it's there. We want to make sure we do that with the X, that's really just a lesson we've learned." So, despite repeated rumors of potential rivals, Tesla is going to stay the course and bring out the X when it's good and ready. You can read the full transcript of the call here and listen here.

Tesla Model X delayed, again, but Musk says Model S demand remains high

Tesla CEO Elon Musk made one thing clear today as he announced his company's third-quarter sales figures: the company has more than enough demand for its luxury electric vehicles and its main problem is getting production ramped up. In fact, Tesla expects Model S orders and deliveries to increase by 50 percent next year. Buried in the good news, though, was word that the upcoming SUV version, the Model X, is going to be delayed. Again. That the Model X isn't exactly on schedule is not news. There have been delays talked about before. The original release date was 2013 which became late 2014 and then early 2015. The company is certainly getting ready for the X but now says it wants to deliver an all-electric SUVs that offers a good experience to buyers, without any problems. In a year plagued with a record number of recalls in the automotive industry, this is not a surprising stance to take. In the shareholder letter (available in the gallery below), Musk writes: In anticipation of this effort, we now expect Model X deliveries to start in Q3 of 2015, a few months later than previously expected. This also is a legitimate criticism of Tesla – we prefer to forgo revenue, rather than bring a product to market that does not delight customers. Doing so negatively affects the short term, but positively affects the long term. Back to the good news. This is where Musk has some strong numbers to point to, including Tesla's highest ever quarterly deliveries of the Model S – 7,785 vehicles – and the most deliveries in a single day – 907. The company also said that the new tech announced a few weeks ago, the dual motor option and the autopilot capabilities, have "further accelerate[d] Model S demand." To meet this demand, Tesla is expanding its production capability so it can make "more than 2,000 vehicles per week by the end of 2015." Of course, if Tesla wanted to be a bit more transparent about global demand and US sales and deliveries in particular, it could simply announce monthly sales numbers, just like the major OEMs do, But, when asked if Tesla would consider releasing those numbers on a call with investors today, Musk's reply was short and sweet: "Um, no. Sorry."

Daimler CEO says nobody is making money on EVs right now

What do you charge for a vehicle you're going to lose money on? If you're Mercedes-Benz and the vehicle in question is the B-Class Electric Drive, you offer it for lease for just 399 euros ($498) a month with a down payment of 8,473 euros ($10,582). If Daimler was going to price it honestly, it seems, the number would have to be a lot higher. "Nobody today is making a battery-powered vehicle that's economically viable." – Daimler CEO Dieter Zetsche That's according to Daimler CEO Dieter Zetsche, who spoke to reporters in Spain recently and said that, "You can reasonably say that nobody today is making a battery-powered vehicle that's economically viable in its own right. Manufacturers will not see a return within a reasonable time on the billions they're investing now." There are ways to make money in EVs, of course. Just ask Daimler, which recently sold its stake in Tesla for a cool $780 million. Zetsche has some EV-critical company in executives like Fiat Chrysler CEO Sergio Marchionne, who has said his company loses over $10,000 on each Fiat 500E it sells. Other automakers – e.g., Tesla, Nissan – are much more positive about their financial bet on EVs, but no one is opening all their books to the public to prove this. Tesla, which worked with Mercedes on the B-Class ED, will have an earnings call with investors later today, so perhaps we'll learn something new in a few hours. The B-Class ED lease deal is for 36 months, based on an MSRP of 39,151 euros ($48,895) in Europe, including the 19 percent VAT. You can read more in the press release below. Commercial release of Mercedes-Benz B-Class Electric Drive: Local emission-free driving from ˆ399/month Stuttgart, Nov 03, 2014 With its high-torque electric motor, the B-Class Electric Drive delivers lively and superior driving pleasure – with zero local emissions. The B-Class Electric Drive is now available to order, with deliveries set to start before the end of 2014. Prices start at ˆ39,151[1]. The B-Class Electric Drive can be leased through the Mercedes-Benz Bank from ˆ399 a month[2]. Further information on the full range of tailor-made leasing and financing offers as well as specific pricing examples are available at http://www.mercedes-benz-bank.de. Quiet and local emission-free driving is ensured by a 132 kW electric motor, which, as is typical of an electric drive, delivers its maximum torque of 340 Nm right from the start. The result is noticeably powerful acceleration from rest.

Tesla Model S scores 5 stars in Euro NCAP crash test

If you've been aching to see more Tesla Model S crash test videos, it's your lucky day. The European New Car Assessment Program (Euro NCAP) safety agency has announced that the EV scored a 5-star safety rating in a new battery of tests. And it released the video footage for you to "enjoy," which you can do below. Five stars is the highest score that Euro NCAP hands out, and this shouldn't be a surprise to anyone who's familiar with the way the Model S handled the US National Highway Traffic Safety Administration (NHTSA) tests a year ago. Tesla says that its popular luxury EV scored five stars overall as well as "every NHTSA subcategory, including frontal impact, side impact, and rollover" and that, "only two other cars have earned the same recognition since 2011 (when NHTSA introduced its latest rating scheme)." Euro NCAP says that three vehicles that are comparable to the Model S are the Volvo V60 Plug-In Hybrid,, the Lancia Thema and the Infiniti FX. You can find the details Model S results in the gallery below or in this PDF and find out why Tesla thinks it did so well on both the American and European tests – "our holistic approach to safety" – in the press release below. This content is hosted by a third party. To view it, please update your privacy preferences. Manage Settings. Model S Achieves Euro NCAP 5-Star Safety Rating AMSTERDAM, November 5, 2014 /PRNewswire/ -- We're pleased to announce that the Tesla Model S has received a maximum-possible 5-star safety rating from the European New Car Assessment Program (Euro NCAP). Model S is one of just a few cars to have ever achieved a 5-star safety rating from both Euro NCAP and the U.S. National Highway Traffic Safety Administration (NHTSA). Additionally, Model S is the only car this year to have achieved both a 5-star Euro NCAP rating and 5 stars in every NHTSA subcategory, including frontal impact, side impact, and rollover. Only two other cars have earned the same recognition since 2011 (when NHTSA introduced its latest rating scheme). The reason so few models achieve 5-star ratings in both Europe and the U.S. is that each program places emphasis on different safety aspects in the assessment process. NHTSA emphasizes structural and restraint safety, with a deep focus on how well the vehicle can withstand and absorb the energy of an impact while protecting its occupants. It is also primarily concerned with adult occupants.

Recharge Wrap-up: Tesla Model S races TVR Tuscan S, Chicago considers E15

Continental might end a partnership with Korean battery manufacturer SK Innovation due to low demand. Lower-than-expected growth and an abundance of competition have cast a shadow over the partners' plans to supply lithium ion batteries for electric cars. Continental CFO Wolfgang Schaefer sees interest in EVs, but says consumers "are delaying their purchases," leading the Germany-based company to find a way to end the deal. Read more at Bloomberg. Chargemaster has installed the Rapid EV quick charging network in Wiltshire, England. The six "triple standard" chargers are equipped with CHAdeMO, DC 44 kilowatt CCS Combi and AC 43 kilowatt Type 2 plugs to support a wide variety of electric vehicles. The charging stations are linked to the country's Polar network, and can charge cars to 80 percent in 20 minutes. The chargers are free to use. Read more at Hybrid Cars. A bill in Chicago could allow retailers to sell E15 within city limits. The suggested amendment to the Chicago Clean Air Choice ordinance is intended to help reduce air pollution and promote energy security and independence by supporting ethanol. "By reducing our dependence on fossil fuels by increasing ethanol usage, this ordinance is supporting a renewable fuel that is grown in America, keeping American dollars and troops at home, instead of sending them overseas," says Alderman Anthony Beale. Read more at Domestic Fuel. Probably just because they could, Auto Express pitted a Tesla Model S against a TVR Tuscan S in a drag race. The publication put the cars through multiple runs throughout the day with the electric car up against the inline-6-equipped TVR on an 1800-meter runway, and posted the cars' best times for the day. We won't spoil the results here, so watch what happens in the video below. This content is hosted by a third party. To view it, please update your privacy preferences. Manage Settings. News Source: Bloomberg, Hybrid Cars, Domestic Fuel, YouTube: Auto ExpressImage Credit: YouTube: Auto Express Green Tesla Ethanol Electric Racing Vehicles Videos recharge wrapup

Recharge Wrap-up: Volt makes up third of Quebec Chevy dealerships sales, Tesla seeks Aussie talent

A Chevrolet dealership in Quebec has had the Volt make up 35 percent of its sales so far this year. Bourgeois Chevrolet in Rawdon, Quebec received recognition for the feat at the 2014 Electric Vehicle Conference, where it won the award for Leading Plug-in Hybrid Electric Vehicle Dealership. To sell that many, Bourgeois Chevrolet had to import used Volts from the US, and keeps about 50 units on the lot in various configurations. The conference also saw Park Avenue Nissan of Brossard, Quebec win the Leading Battery Electric Vehicle Dealership Award, and Loch Lomond Mitsubishi of Saint John, New Brunswick receive the award for Electric Vehicle Dealership Inspiration. Read more at Green Car Reports. Tesla Motors has begun scouting Australian engineers as other automakers shutter operations there. Ford, General Motors and Toyota have announced that they will shut down their Australian factories, leaving behind a lot of unused talent. Tesla recently held a "Recruiting Open House" in Melbourne for engineers to fill positions at its plant in Fremont, CA, where they will be paired with other Aussie engineers already on staff. Read more at Green Car Reports, or at Motoring. Electric turbochargers may come to play a key role in making internal combustion engines more efficient. Valeo recently showed an electric turbo it plans to supply to an unnamed automaker at a fuel economy showcase event at the EPA's National Vehicle Emissions and Fuel Lab. Electric turbochargers have the advantage of greatly reduced lag when compared to exhaust-driven turbos. They also work well when paired with cylinder deactivation, providing a much-needed boost when driving on a grade, which can help reduce the need for cylinders to reactivate. Independence from the exhaust system also makes it easier to package the turbocharger wherever there is room. Read more from Navigant Research. US crude oil futures have dropped to their lowest in more than two years. Saudi Arabia cut oil costs for the US and raised them for Europe and Asia as the US has increased output. On November 3, US crude futures fell as much as 2.2 percent in New York. West Texas Intermediate closed at $78.78, the lowest since June 2012. Brent crude slipped $1.08 to $84.78 a barrel. Read more at Bloomberg.

The 'AMG of Tesla' unveils SEMA-bound Model S

Take a Tesla Model S, rip out the interior and throw on a new face and you might come up with the electric blue EV you see above. The modified Model S pictured is the new car that Unplugged Performance will bring to SEMA this week as it continues towards its self-declared goal of becoming the "AMG of Tesla." The first thing we noticed was how the updated fascia has a real Tom Selleck vibe, even if it's not quite the can't-look-away mustache of the Fisker Karma. Unplugged Performance says the new carbon fiber oval plastic nosecone is just one of a number of changes. It's easy to spot the new sports headlights and the 21-inch UP-01 wheels from the outside, but the inside is where most of the work was done. Unplugged Performance says it "dispensed with nearly all of the original Tesla innards" and "completely reimagined [the interior] for higher performance and more luxurious grade materials." That means a lot of the company's prototype upgrades are being shown here for the first time, things like sport seats in Italian Alcantara material and "luxury floor mats," that have "plush Rolls Royce carpet and Ferrari leather detailing." Performance has been changed as well, with prototype suspension components and new, prototype sports brake pads that UP says will "improve the car's driving dynamics." We won't be able to test them out when we get to SEMA, but we do look forward to getting a closer look at what's going on here. Unplugged Performance Brings New Developments to SEMA with Extensively Redesigned Tesla The Model S Gets a Face Lift and Slew of New Upgrades Las Vegas, NV – 11/04/2014 – Today, Unplugged Performance, a pioneer in Tesla Model S tuning, debuts their highly anticipated and freshly redesigned Model S at the SEMA trade show. The car features a completely new front end image, a complete overhaul of the interior, revised lighting, revised suspension, revised braking, upgraded wheels and enhanced aerodynamics. The first thing viewers will notice is that the oval plastic nosecone is changed to a wider and more aggressive design in carbon fiber. The bumper itself is an exercise in form following function with a priority on retaining cooling, ground clearance and aerodynamic efficiency. Despite the sharp modern looks, the bumper quietly integrates a ram air ducting system that feeds four factory integrated motorized cooling louvers which assist the car's cooling systems.