2022 Tesla Model S on 2040-cars

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Musk reports positive cash flow for Tesla last week

According to Bloomberg, Tesla actually earned money last week. CEO Elon Musk sent out a message on Twitter saying his company was "narrowly cash positive." That's big news for a company that hasn't turned a quarterly profit as of yet. Tesla is currently in the middle of stepping up production for its Model S sedan, and has announced the vehicle's MSRP will jump by $2,500, presumably to help fund that expansion.
So far, Tesla says it has built will build around 20,000 Model S units at its California production facility next year, though analysts say the ability to repeatedly generate a positive cash flow would go a long way toward the company's evolution into a "sustainable operating entry." So far, the Model S has garnered substantive praise, earning the Motor Trend Car of the Year Award among others. Tesla shares are up 19 percent this year over the same time period in 2011.

Totaled Tesla Model S is a case of buyer beware *UPDATE

*UPDATE: AutoblogGreen reader Dan F. sent us a link to a somewhat similar story, which you can find here. Getting a Tesla Model S for just $50,000 is a steal, but when it's a salvage title car and was written off as totaled by an insurance company, the bargain might not be worth the headache. That's what a San Diego man is learning now that he's having trouble getting his fancy but damaged electric vehicle to work. Tesla has a different version of the story, of course. Peter Rutman has spent $8,000 in repairs for his EV, but there's one important bit of help he still needs: official activation from Tesla. Rutman is steaming mad at Tesla, telling San Diego 6 that, "Tesla has created a situation where there is nowhere to go. They've blocked every avenue." Tesla has a different version of the story, of course, and says that they're happy to look at the car (and certify it to run if it's in good shape), but said in a statement to AutoblogGreen that Rutman isn't willing to sign a waiver to let Tesla's mechanics get at the car. "We have strong concerns about this car being safe for the road, but we have been prevented from inspecting the vehicle because Mr. Rutman refused to sign an inspection authorization form. That form clearly states that in order for us to support the vehicle on an ongoing basis, we need to ensure the repairs meet minimum safety standards," the company said. You can read the full statement below. San Diego 6 says that one of the problems is Tesla's direct-sales model, which means that there's only one place for a customer like Rutman to go for assistance: the company itself. Right now, Rutman says, a Tesla-certified mechanic has to trigger some switch before the car will charge. And that can't happen until he signs the aforementioned authorization form. Rutman told the local TV station (video also below) that, "The document they wanted me to sign didn't indicate they were going to do any repairs to the car, or get it up and running. They can take the car. They can keep it. They can do whatever they want with it." Tesla says this isn't true, and also denies there is any sort of black list in effect. Tesla Motors Statement Safety is Tesla's top priority and it is a principle on which we refuse to compromise under any circumstance. Mr. Rutman purchased a vehicle on the salvage market that had been substantially damaged in a serious accident.

Recharge Wrap-up: BMW integrates EV charging into streetlights, EV Fleet debuts electric pickup

BMW has unveiled prototypes of LED streetlights that also serve as EV charging stations. "Light and Charge is a simple and innovative solution to naturally integrate a reliable network of charging stations in the city," says BMW's Peter Schwarzenbauer. Connected to the ChargeNow network, they're simple to use, and would be readily available when tied to the lighting infrastructure. The two prototypes are currently in use at BMW World, with a pilot project planned for Munich in 2015. Read more at Green Car Congress, or in the (translated) press release below. The Renewable Fuels Association (RFA) is accusing retailers of price gouging E85 to discourage its use. An RFA study found that retailers in St. Louis were marking up E85 as much as a dollar, roughly twice as much as the markup on regular gasoline. "Sneaky E85 pricing strategies ultimately give oil refiners the opportunity to wrongly claim that consumers are 'rejecting' E85," Says RFA president and CEO Bob Dinneen, "and it gives them an opportunity to claim they can't comply with Renewable Fuel Standard (RFS) requirements above the so-called 'blend wall.'" Read more at Biofuels Digest. Charlotte-based EV Fleet has announced the Condor electric pickup (pictured). The vehicle-to-grid-ready Condor has a 1,000-pound payload capacity, and can travel over 100 miles on a single charge. The company plans to build 300 trucks a month when it revs up production next year, with sales targeted toward fleet managers. See the EV Fleet Condor in the video below, read more at Treehugger, or visit EV Fleet's website to learn more. Here's a bold claim. Mutual fund manager Ron Baron says that every home will have a Tesla vehicle in 25 years. The financial guru, well regarded for his predictive stock strategies, is confident about the long-term outlook for the electric carmaker. He feels that Tesla is far ahead of the electric car game compared to other automakers like BMW, whom he believes will end up switching focus from internal combustion to electric powertrains. Read more at ValueWalk. BMW Group presents innovative street lighting with integrated charging station for electric vehicles. Munich. As part of the Eurocities conference in Munich, discuss in from 5 to 8 November 2014 more than 500 representatives of major European cities on pioneering infrastructure projects, the BMW Group presents the prototype of a highly energy efficient street lighting that is both charging station for electric vehicles.