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Elon Musk promises $1 million, Supercharger for New York's Nikola Tesla Museum

Earlier this year, Matthew Inman, the creator of The Oatmeal, penned a gushing review of his Tesla Model S, and followed it up with a request to Tesla Motors CEO Elon Musk for $8 million to help build a museum dedicated to the achievements of the company's namesake because "any less than $8M would pretty much leave us in the same boat we're in now." Musk Tweeted a response that said, "I would be happy to help." So, the news that Musk will donate $1 million to the Tesla Science Center at Wardenclyffe towards the construction of the museum, which will be built on a 16-acre site in honor of scientist Nikola Tesla, is a mixed blessing. A million bucks is a million bucks, but it's not the amount Inman was hoping for. The museum says, "[Musk] has challenged us at the Center to use our resources wisely, find additional resources, and reach our goal of creating this museum." In other words, anyone have $7 million? The plan is to locate the museum in Shoreham, New York, on Long Island's north shore, about 65 miles northeast of New York City. It's also the site of Nikola Tesla's last laboratory. He started working there in 1901 on an unfinished project that would have essentially been a precursor to e-mail. Thursday marked the 158th anniversary of Nikola Tesla's birth. The scientist died in 1943. On top of the cool million, Musk says he will also build a Supercharger fast-charging station on site for those making the trip out to the museum in a Model S. So the Science Center will be just like Lusk, WY. You can check out the Tesla Science Center's press release below. Musk Funds Tesla Science Center in Shoreham Shoreham, New York – July 10, 2014 A birthday party was held for famous inventor Nikola Tesla at the site of his last laboratory, in Shoreham, NY, where Jane Alcorn, president of the Tesla Science Center at Wardenclyffe announced that Elon Musk, owner of Tesla Motors, had pledged $1 million to the Tesla Science Center, plus a Tesla supercharging station to the Tesla Science Center saying, "He has challenged us at the Center to use our resources wisely, find additional resources, and reach our goal of creating this museum." A donation had been suggested by Matthew Inman of theOatmeal.com, who will comment via his website. "We are excited and extremely grateful for Mr. Musk's generous gift to Tesla Science Center, and also to Matthew Inman for arranging the opportunity," she said.

GM CEO Akerson calls out Tesla, says Cadillac will compete on EVs

Cadillac will be taking on Tesla Motors, the underdog EV manufacturer that's seen heaps of critical acclaim and stock market buzz with its most recent sedan, the Model S. "If you want to compete head-to-head with Tesla, and we ultimately will, you want to do it with a Cadillac," Dan Akerson, the chairman and CEO of General Motors, told media in Washington, according to The Detroit News.
Akerson continued, telling The News, "We'll sell more Volts and lose less money on the Volts than they'll lose on the Model S." He also took time to point out that Tesla getting vehicles out to customers isn't a guarantee of success or permanence, using Fisker as an example, saying "Does anybody even remember Fisker? I mean, there were a number of them; they are all gone."
This strong talk from Akerson comes after Doug Parks, another GM exec, let slip that the Detroit-based manufacturer has an EV in the works that will cover 200 miles per charge and only cost about $30,000, a massive upgrade over similarly priced EVs that struggle to top 100 miles per charge. Until that vehicle arrives, though, GM is preparing the Cadillac ELR, a small coupe that, like the Volt with which it shares technology, uses a gas engine as a mobile generator to recharge the batteries. Akerson took aim at Tesla again, saying, "But I do think when the ELR comes out late this year, early next - it's certainly the same postal code as Tesla, but now we're going to move up. It's not going to be a mass-produced car."

Former Fisker CEO has some advice for Tesla Motors

Former Fisker Automotive CEO and ex-Chevrolet Volt vehicle-line director Tony Posawatz has some words of caution for Tesla Motors. The long-time automaker executive questions the California automaker's long-term viability – and gives some praise – in a talk with Benzinga, which you can listen to below. While the all-wheel-drive D that Tesla unveiled earlier this month in Southern California wowed a packed crowd, Posawatz (starting at around minute 4:45 in the interview) says Tesla would've been better off taking the resources it expended toward that Model S upgrade and directed them towards speeding up the development of a more affordable plug-in. Perhaps a number of investors agreed, since the company's stock fell the day after the D was announced. Posawatz says Tesla has been over-reliant on the sale of ZEV credits. Posawatz also says that Tesla has been over-reliant on the sale of zero-emissions vehicle credits in California for its earnings and questions whether the automaker will ever work at a large enough scale to sufficiently drive down costs and make consistent profits. Tesla CEO Elon Musk would take issue with this characterization. Posawatz first made his mark in the plug-in vehicle world when he was the vehicle-line director at General Motors for the Volt extended-range plug-in from 2006 to 2012. Later that year, he joined extended-range plug-in maker Fisker Automotive as its CEO, though quit that job during the summer of 2013 as the company was descending into insolvency. He joined the Electrification Coalition this past March. News Source: Benzinga Green Chevrolet Fisker Tesla Electric PHEV Tony Posawatz