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Tesla could need another $6 billion to really change the auto landscape

Telsa Motors has some big plans. The electric car company is building its $5-billion Gigafactory near Reno, NV to guarantee a steady supply of lower-cost batteries, has plans to release two new models and is even talking about providing home energy storage on a large scale. The California automaker is ramping up EV production, and hopes to eventually be producing 500,000 cars per year. To do all this, Tesla is going to need a lot of cash, particularly if any of its cars becomes the "next big thing," so to speak. This is money Tesla would need in addition to the revenues it already pulls in. Patrick Archambault, an analyst at Goldman Sachs, said last week that Tesla could need at least $6 billion through 2025 to complete all of the plans listed above and any others, should Tesla become the automotive Apple. An increase in popularity that would see the company hit its production targets would create a need for capital to match that growth. Keep in mind, this is money it would need in addition to the revenues it already pulls in. Tesla has already secured a portion of the funds for its Gigafactory, but still needs to make up the rest. Some will come from its partner Panasonic and Tesla is receiving some serious tax incentives from the state of Nevada (to the tune of $1.2 billion). Archmabault predicts that most of the funds would be needed beginning in 2017, suggesting that Tesla has the financial means to reach its target of 100,000 vehicles by the end of next year. It's not until the Model III comes into play that Tesla might come to need the hefty sums suggested by the analyst. Whether Tesla will become more of a disruptive brand in the automotive world is still anybody's guess. Still, Archambault's suggestion of that possible $6 billion figure was enough to have an effect on Tesla's stock price, which fell after the estimate was released last week, and remains down as of this writing after a note from JP Morgan. Featured Gallery Tesla Model S View 24 Photos Related Gallery Tesla Model X View 15 Photos News Source: Bloomberg via Green Car ReportsImage Credit: Copyright 2014 Drew Phillips / AOL Green Plants/Manufacturing Tesla Electric gigafactory

Recharge Wrap-up: Child Tesla driver hits baby in Chinese mall, Ram adds new CNG offering

A five-year-old child in a China shopping mall started a Tesla Model S at a display and hit a baby in a stroller. The baby fell out of the stroller and was unhurt, according to the report. A reporter from a local newspaper arrived at the scene to find the other Model S on display still powered on, this one with another child in the driver's seat. The cars had wooden blocks under the brake pedals and stickers warning the public not to touch the touchscreen. Police have opened an investigation into the incident. Read more and see all the photos at Car News China. Ram will add a new compressed natural gas pickup truck to its lineup. The new offering, which is smaller and less expensive than the current CNG pickup (pictured), will be available as a regular cab two-door with two-wheel drive and a long bed. Ram has sold 1,000 of the current 2500 CNG four-door 4x4 offering since going on sale in 2012. Ram believes the new offering will expand sales to fleet operators looking for a less-expensive truck. Read more at Automotive News. New methods of harvesting energy are being explored for automobiles. By now we're all familiar with regenerative braking, but thermoelectric harvesting from the motor, range extender or possibly even the exhaust could come to cars soon. Energy harvesting shock absorbers and exhaust turbines are also viable. Wind turbines could generate electricity while the car is parked, and piezoelectric energy harvesting could run minor electrical systems while the car is in motion. Enough energy harvesting could allow cars to use much smaller engines, and could extend the range of electric vehicles. Read more at Energy Harvesting Journal.

Recharge Wrap-up: Tesla factory loses power, plant genes modified for biofuel

Tesla's Fremont factory was shut down on Friday morning when a crane knocked out power to the facility. No injuries were reported and Tesla didn't say what effect the outage would have on production. Read more from SFGate or from CNBC. Researchers have genetically modified a plant for lower-viscosity seed oil to make biodiesel. With the viscosity of many plant-based oils being too high for use in modern high-pressure conditions required by emissions laws, this breakthrough is promising. Kansas State University scientists have added Euonymous Alatus (burning bush) genes to the Camelina Sativa plant to produce a thinner seed oil more suited for use in biofuels. Camelina grows easily, and since it isn't a food crop, concerns of genetic modifications are minimal. Testing of the oil in fuel could begin next year, after harvesting a large enough supply. Read more from Green Car Reports and from The Topeka Capital-Journal. The EPA's Mobile Vehicle Emissions Simulator (MOVES) could cause problems for higher ethanol blends. According to an editorial from Urban Air Initiative president David VanderGriend, MOVES is biased against ethanol blends, using test fuels that don't reflect the characteristics of real-world consumer fuels. "We must stop the MOVES model from being implemented, or all of the industry's other initiatives will be undermined," says VanderGriend. "States will have their hands tied and will simply not be allowed to approve higher blends." Read the column from Ethanol Producer Magazine. A Citroen C-Zero driver experienced unexpected fees when turning in the car at the end of its lease. The final bill included inspection and transportation fees under the "Damages" section of the report, totaling over GBP300 (about $470). The author has found no mention or documentation of such fees prior to collection, and is contesting the charges. Read more at EV Meerkat, where the author will update readers while Citroen customer service looks into the matter. Featured Gallery Tesla Factory Related Gallery Citroen C-Zero News Source: SFGate, CNBC, Green Car Reports, The Topeka Capital-Journal, Ethanol Producer Magazine, EV MeerkatImage Credit: AP Photo/Paul Sakuma Government/Legal Green Plants/Manufacturing Tesla Citroen Alternative Fuels Biodiesel Ethanol recharge wrapup