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Tesla investor says selling 500,000 EVs in 2020 is totally doable

Tesla Motors may make good on chief Elon Musk's claim of selling a half-million vehicles a year by the end of the decade, Motley Fool says. Of course, the author of the Foolish report in question owns Tesla shares but, now that we've gotten that out of the way, let's check out the logic. Tesla moved almost 22,500 Model S vehicles last year and it was the best-selling plug-in vehicle in the US during the fourth quarter. The company expects to sell about 35,000 this year but the rate of global sales could be double that by the end of the year. From then on out, it's all about economies of scale, with demand mushrooming overseas, costs dropping as a result of the company's slated "gigafactory" and the introduction of the $35,000-ish Model E by 2017. Add it all up, and you can get to 500,000 EVs a year, the Fool says. Late last month, Tesla disclosed details about its gigafactory, saying it will be fed by sun- and wind power, will employ about 6,500 people and will produce those half-million battery packs a year. Between the company and its partners, as much as $5 billion will be invested in the plant, which is slated to be somewhere in the southwestern US (but not in its native California). To put those projected half-million vehicles in perspective, let's look at the unquestioned champion of the green car movement for the past decade, the Toyota Prius and its many Toyota and Lexus gas-electric siblings. It's taken many years to get to this point, but Toyota can now sell about a million hybrids around the world in nine months.

NHTSA denies Tesla asked for Model S fire probe

The Tesla Model S is being investigated by the National Highway Traffic Safety Administration after three of the models caught fire; two of the electric cars impacted debris on the road, and one was involved in a single-car accident. This much we know for sure. Just exactly how the investigation came to be, though, is up for debate.
According to Tesla CEO Elon Musk, the California-based automaker requested that the government safety agency open the investigation, saying in a blog post, "We have requested that the National Highway Traffic Safety Administration conduct a full investigation as soon as possible into the fire incidents. While we think it is highly unlikely, if something is discovered that would result in a material improvement in occupant fire safety, we will immediately apply that change to new cars and offer it as a free retrofit to all existing cars."
Not so fast, counters NHTSA head David Strickland. Speaking to The Detroit News, Strickland had this to say: "Investigations are independent... We have never ... actually had an automaker ask for a formal investigation, but it causes a couple of implications: If a manufacturer asks me or asks the agency for a formal investigation, you've already made a determination that you may have a defect that imposes an unreasonable risk to safety. ... I don't think that would ever happen."

Recharge Wrap-up: Tesla seeks Gigafactory architect, Uber hails carpools

Tesla is looking for an architect to help design its proposed Gigafactory battery manufacturing facility. According to the Palo Alto-based job listing, which is titled "Architect - Gigafactory," the applicant must have, among other qualifications, over five years of experience with "high-tech infrastructure and operational facilities (semiconductor, solar, battery, waste water treatment plants, etc.)." The job also includes being away from home quite a bit, as it the listing states, "This full time role requires the flexibility of traveling when needed (up to 70 percent) and doing whatever it takes to achieve project objectives." Think you've got what it takes? See the listing for yourself, here, or read more at Silicon Valley Business Journal. Tesla has appointed Robyn Denholm of Juniper Networks to its board of directors. Denholm is Executive Vice President, Chief Financial and Operations Officer at Juniper Networks. Denholm replaces Brad Buss as chair of Tesla's Audit Committee and a member of the company's Compensation and Nominating and Corporate Governance committees. Buss will remain a member of Tesla's board as he joins SolarCity as CFO. Denholm is Tesla's first female director. Read more at Bloomberg, or in the press release below. Uber, the company behind the now famous ride-hailing app, is introducing its carpooling service, UberPool. The service matches drivers with (hopefully multiple) passengers going to similar destinations, with users paying just a fraction of the cost of a normal taxi, or even an Uber ride. If a rider can't get matched with a driver, they can enjoy a discounted Uber ride. As the company points out in its blog, "At these price points, Uber really is cost-competitive with owning a car, which is a game-changer for consumers." UberPool is currently running a private beta program, which it plans to expand on August 15. Read more in-depth about the UberPool at Forbes, or learn more at Uber's blog. For a few reasons why this new expansion might run afoul of archaic laws (put there to keep entrenched interests in play), check out Engadget. Plug-in hybrids are encouraging an evolution of transmission technology. Companies like Schaeffler and ZF Friedrichshafen are adapting their transmissions to include electric motors within them for use in plug-in hybrids. For example, the electric motor in ZF's eight-speed powers the transmission when the internal combustion engine is shut off.