2021 Tesla Model Y Long Range Awd on 2040-cars

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This 450-hp electric Lotus Evora is powered by Tesla and Chevrolet

When someone mentions an electric Lotus, the first thing that comes to mind is the Tesla Roadster, the California-based automaker's first vehicle. That car started life as an Elise before being heavily massaged and adapted by Tesla's engineers. In a similar spirit, the people at Onpoint Dyno are close to finishing Blue Lightning, a track-ready all-electric Lotus Evora. Blue Lightning uses a Tesla drive unit and a Chevrolet Volt battery pack, both mounted in the middle in place of the Evora's 3.5-liter Toyota V6. It's putting down about 450 horsepower at the wheels. The car was built for time attack sessions, so power is fed through custom forged wheels and super sticky Pirelli PZero Trofeo R tires, the same ones found on the last Chevrolet Camaro Z/28. There is a custom digital instrument cluster in place of the Lotus gauges. There's also a regen paddle on the left side of the steering wheel. With a full charge, Blue Lighting should go about 120 miles. While the car runs under its own power, it's only about 90 percent complete. It has no power steering, no firewall in between the seats and the motor and battery pack, no A/C, and a large hole where the shift lever used to be. Other final touches include fine-tuning the brakes and suspension. There is also a custom rear bumper coming that should make it look more like the new Lotus Evora 400. Onpoint Dyno expects the car to hit the track in the next month or so. Related Video:

Wall Street still irrationally exuberant over Tesla shares

In a world where electric cars are far from the norm, it seems odd to us laypeople that you can't buy a share of Tesla stock (ticker symbol TSLA) for less than $230. But a research note issued Monday from Goldman Sach's respected team of auto industry analysts (seen in PDF form in our gallery) has added fuel to the irrational exuberance fire, guaranteeing that Tesla's stocks should hover at these seemingly unreasonable prices for some time.
Goldman Sachs analyst Patrick Archambault compared Tesla CEO Elon Musk to Apple's Steve Jobs, saying the Model S is a lot like the iPhone. The major difference is that it will take a lot longer for Tesla's electric cars to make a sizable dent in the auto industry, Archambault said, than it took for the iPhone to take over the smart phone world. If Tesla rolls out a non-luxury car in the next few years as is rumored, Archambault predicts the company could be selling 500,000 electric cars a year by 2022 or 2023. Based on those projections, the Goldman Sachs analysts says a fair price for Tesla's stock right now is about $200 a share.
Which, in the upside-down world of Wall Street, means the current share price of around $238 is nearly $40 overvalued. But that hasn't stopped traders from pushing up the price of Tesla's stock today between $3 and $4 a share. Over at Oilprice.com (subscription), contributor Martin Tiller on Friday was already sounding the alarm bells, saying Tesla share's are overpriced, despite the promising technology.

Elon Musk wants to build an Internet in space

The next James Bond film is called Spectre; if the villainous mastermind driving that Jaguar C-X75 isn't named Elon Musk, we'll want to know why not. The real-life Musk isn't evil so far as we can tell, but we gotta say he's just as ambitious as Ernst Blofeld ever was. While opening a SpaceX office in Seattle, the face of Tesla said that the engineers and software programmers in the Pacific Northwest outpost will be working on "a global communications system that would be larger than anything that has been talked about to date" on top of their Falcon rocket and Dragon capsule duties. Musk's idea is that hundreds of satellites in low-Earth orbit would get information around the world much faster, and be provide better Internet service for "people in sparsely populated areas." Once the folks in the terrestrial hinterlands are taken care of, Musk envisions the network providing the foundation for a satellite network that would provide Earth-to-Mars communications to the Mars-based colony that the SpaceX CEO expects will wear company branding. The idea isn't new - one of Musk's peers is working on the same concept, backed by Qualcomm and the Virgin Group. But Musk says that OneWeb, the competitor, has a different concept for the underlying architecture and that his satellites would be "an order of magnitude more sophisticated." If you're trying to figure out what the area code to Mars is, you're way ahead of things: Musk says the terrestrial satellite system won't be ready for at least five years. And since the average distance to Mars is 140 million miles, it'll probably be a few years after that before you can shoot a text to the Spirit and Opportunity rovers. Related Video: News Source: BloombergImage Credit: AP Photo/Paul Sancya Green Tesla Technology Mars satellite communications