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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.

There are ways to sneak Tesla Model S into Russia for just 6.5M rubles

Tesla Fever has extended far and wide, winning over critics and everyday enthusiasts alike. The company is rapidly expanding its efforts both in its home market and abroad, but for some of its wealthy fans, that move isn't happening quite fast enough.
Dmitry Grishin is one such enthusiast. The 35-year-old multi-millionaire founder of Russia's Mail.ru is a big fan of Elon Musk's operation, so much so, in fact, that he's decided not to wait for sales to begin in the Russian Federation. Instead, he's gone off on his own and simply imported a Model S to get around Moscow.
The acquisition was not easy, as detailed by The Verge, and Grishin's car isn't quite as full-featured as a Model S sold in America - he's forced to use his phone's data connection rather than the car's . But, Grishin clearly has no regrets, spending a total of $180,000 to bring the EV to Moscow. In fact, Grishin has gone so far as to say he'd invest in the American EV manufacturer, if it hastened the brand's arrival in the motherland.

Elon Musk hints at opening Tesla's EV patents [w/video]

During the Q&A portion of Tesla's annual shareholder meeting last week, CEO Elon Musk said something that caught our ear: "I'm contemplating doing something fairly significant on that front [promoting EVs] which should be kind of controversial with respect to Tesla's patents. But I probably want to write something so that I can take articulate it properly and explain the reasoning for the decision." We immediately asked Tesla for more information but it was the BBC that got to question Musk in person during the UK launch of the right-hand drive Model S (see press release and video below). "We don't want to cut a path through the jungle and then lay a bunch of landmines behind us" – Elon Musk The BBC asked Musk if his comment meant he was considering opening up Tesla's patents, and Musk responded with, "you're on the right track." A strong proponent of promoting EVs, Musk also said, "We don't want to cut a path through the jungle and then lay a bunch of landmines behind us." This wouldn't be the first time Musk has given away a big idea. His outlandish hyperloop high-speed train-like transportation system was open source from the get-go. Musk has also offered to let other automakers piggyback on Tesla's Supercharger fast-charging system. Musk's SpaceX company doesn't even file patents, but that's more to protect the ideas from the Chinese than to make getting to space an open source endeavor, Musk said. Tesla told AutoblogGreen it is offering "nothing further at this point" on the patent front, so we'll just have to guess away in the comments. Have at it, and you can watch Musk's comment at around minute 46 in the top video here. This content is hosted by a third party. To view it, please update your privacy preferences. Manage Settings. Right Hand Drive Model S Arrives in the UK LONDON, June 7, 2014 First RHD customer deliveries in the world presented by Tesla CEO Elon Musk Tesla CEO Elon Musk delivered five new cars to customers in London today at an event to mark the arrival of right hand drive (RHD) Model S in the UK. The occasion marks the beginning of a planned rapid expansion in the country in the coming two years. Today, Tesla operates a store and a service centre in London. By the end of 2014, however, customers will be able to visit Tesla stores and service centres across the UK. Tesla will also continue to hold test-drive events around the country.