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Tesla settles lemon lawsuit brought on by Lemon Law King Vince Megna

As much as we're weary about giving so-called Lemon Law King Vince Megna more space on these pages, we've decided it's worth letting you all know that his client has settled his lawsuit with Tesla Motors over a Model S sedan that he claims was a lemon. As you may remember, the electric sedan in question, a 2013 Signature Performance Model S, was owned by a doctor in Wisconsin who claimed that his shiny new car required servicing so often that he had it in the shop for 66 days in his first few months of ownership. The owner claims to have asked Tesla to buy the car back three separate times and claims to be able to provide proof of such, though Tesla previously refuted that version of events, suggesting in a blog posting that the owner may have tampered with a fuse. In the end, the two parties decided to settle, with Tesla agreeing to pay Robert Montgomery, the owner, $126,836 to cover the car's cost along with his taxes and attorney fees. Case closed. If you'd like to see Megna's own video discussing the settlement, scroll down below. This content is hosted by a third party. To view it, please update your privacy preferences. Manage Settings.

Recharge Wrap-up: New "2-in-1" electric motor increases range, Gulf offers isobutanol blends

A new electric motor with integrated air-conditioning compressor increases the range of EVs in hot climates, where much of the battery power is used to keep the car cool. Developed by scientists at Nanyang Technological University in Singapore and the German Aerospace Centre, the "2-in-1" motor uses regenerative braking to help operate the AC compressor, and could increase range by 15 to 20 percent with some modifications. "By integrating the refrigerant compressor directly into the electric motor, we save components, weight and cost," says Dr. Michael Schier of the German Aerospace Centre. "Simultaneously, the more regenerative braking part of the kinetic energy is passed directly to the refrigerant compressor and thus the efficiency is further increased." Read more at Green Car Congress, and in the press release below. Elon Musk has been chosen as a Eurostar winner by Automotive News Europe. The publication chose the Tesla CEO for exceeding expectations in entrepreneurship, saying, "Musk has proved that he's capable of doing what seems impossible." Other Eurostar winners include Dieter Zetsche of Mercedes-Benz, Ralf Speth of Jaguar Land Rover and Marco Tencone of Maserati. Read more at Automotive News Europe. GreenTech Automotive has raised $47 million in a round of equity funding. The company, which was formerly run by Virginia Governor Terry McAuliffe, received the contributions from a total of 94 investors. GreenTech Automotive has plans to produce the small MyCar neighborhood electric vehicle at a newly built factory in Mississippi. The company also has a deal with Jianghuai Automobile Company to sell cars for the Chinese automaker in the US. Read more at Bloomberg. Gulf Racing Fuels will offer fuel blended with renewable isobutanol for marine use and off-road vehicles. The ethanol alternative is approved for sensitive environments, produces fewer emissions, is resistant to moisture and has a lower vapor pressure, making it suitable for boats and ATVs. Gulf will offer a new line of fuels with 16.1-percent isobutanol for these special applications. Gevo, the company supplying Gulf's isobutanol, produces the additive in biorefineries converted from ethanol facilities. Read more in the press release below.

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