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Bond manager has odd advice for Tesla: stop making cars

Tesla Motors said in the release of its first-quarter earnings Wednesday that it will boost its quarterly production on its Model S luxury sedan to as many as 9,000 from the approximately 7,500 it made during the first three months of the year. Bond manager Jeffrey Gundlach doesn't believe that's a good thing. Gundlach, founder of DoubleLine Capital LP, told Bloomberg News that, while Tesla is a better investment than fast-growth companies like Twitter, the automaker would improve its financial results by halting production of its vehicles and dedicating itself to making battery packs for other automakers. A spokesman for Tesla, whose shares are up almost 40 percent this year, declined to comment to Bloomberg. We'll just sit here and imagine Tesla-powered Nissan Leafs and Chevy Volts. Back in the real world, aside from its own vehicles, Tesla makes battery packs for the Toyota RAV4 EV and for some versions of the Smart Fortwo ED and the B-Class EV. Tesla and Toyota first announced their collaborative effort in 2010, which included Toyota's equity investment in Tesla as Tesla prepared to take over the old NUMMI plant in the San Francisco Bay Area. Tesla said Wednesday that it took a $49.8-million first-quarter loss. Compare that to a year-earlier net income of $11.2 million. That's despite boosting revenue 10 percent from a year earlier to $620.5 million. That's largely because Tesla's selling, general and administrative costs more than doubled from a year earlier to $117.6 million.

Tesla Model S rentals in the UK are crazy expensive

The bad news about trying to rent a Tesla Model S electric vehicle in the UK for a day is that it will run you about $580. The good news? You get 200 free miles worth of driving. The good news? Considering British fuel prices of about $9 a gallon and fact that the average fuel economy in the UK is around 38 miles per gallon, you're at least getting around $45 worth of travel for your $580. And you're doing it in one of the most popular EVs around. UK-based EVision is offering right-hand drive Model S to motoring enthusiasts at a starting rate of about $100 an hour (with a three-hour minimum, of course), reports Transport Evolved. That jumps to $580 for the full day. And for a week of pretending that you're James Bond in your sparkling Model S, the car will run about $3,300. And you though rental rates for London flats were expensive. California-based Tesla started delivering the Model S to the UK in June. The model is priced at about $84,000 and Tesla said at the time that more than 3,400 Model S vehicles had been sold in Europe during the first four months of the year. Those figures were helped by Tesla's decision to reduce the price of the Model S on the continent because of the strengthening Euro.

Elon Musk shuts down speculation that Falcon Wing doors will disappear

Since learning that deliveries of the Model X from Tesla Motors would now be delayed until sometime next summer, speculation has focused on the rear doors of the electric SUV as the likely source of the problem. We think this is a pretty good assumption considering that CEO Elon Musk said as much himself. Called falcon wing doors because they are said to resemble that bird of prey in flight, they open upwards, hinging in two places – the somewhat similar gull wing doors only have one hinge, where they're attached to the roof – which allows them to be opened in tighter spaces than the sea bird design. While the original prototype of the Model X had working wings, the engineering for a production model is no doubt a lot more difficult. Noted analyst Adam Jonas of Morgan Stanley said yesterday in a report that cut delivery estimates of the postponed car, "A door of that size and weight is going to be very hard to lift. Furthermore, having a hole of that size in the side of the car (that cuts deeply into the roof) could severely compromise structural rigidity impacting handling and safety." While the challenges of the unique rear portals make some investors wish Tesla would just stick with traditional openings, Musk made it clear that the falcon wings are going forward. Taking to Twitter, he tweeted: This content is hosted by a third party. To view it, please update your privacy preferences. Manage Settings. Shares of TSLA, which had been on the rise of late, were down a significant -$9.96 (-3.86 percent) as of this writing. To see the doors that are creating the flap, scroll below for video of Musk giving a demonstration with the Model X prototype. This content is hosted by a third party. To view it, please update your privacy preferences. Manage Settings.