2023 Tesla Model Y Performance Sport Utility 4d on 2040-cars

Auto blog

Ed Welburn retires, Tesla offered nuclear plant in France, and more | Autoblog Minute

Greg Migliore recaps the week in automotive news, including a look at GM design chief Ed Welburn's retirement, the French wooing of Tesla, and more. GM Lincoln Tesla Autoblog Minute Videos Original Video lincoln motor company

Weekly Recap: The cost of Tesla's ambitious plans for growth

Tesla has ambitious plans for growth, and they won't come cheap. The electric-car maker said this week it plans to spend $1.5 billion in 2015 to expand production capacity, launch the Model X crossover and continue work on its Gigafactory, which is being built outside of Reno, NV. The company is also investing in its stores, service centers and charging network, which is expected to grow by more than 50 percent this year. Plus, it's still working on the Model 3, which is scheduled to arrive in 2017. "We're going to spend staggering amounts of money on [capital expenditures]," Tesla chairman and CEO Elon Musk said on an investor call. He then added: "For a good reason. And with a great ROI [return on investment]." They're bold plans, and Musk is clearly willing to put Tesla's money where his mouth is. That's why the company is projecting a whopping 70-percent increase in deliveries this year, for a total of 55,000 cars. A large chunk of that growth will come from the addition of the Model X crossover to Tesla's portfolio, and the company already has nearly 20,000 reservations for it. More than 30 Model X prototypes have been built, and it is expected to begin shipping to customers this summer. Musk said he's "highly confident" the vehicle, which has experienced delays, will arrive on time. The company also had more than 10,000 orders for the Model S at the start of the year. The big spending plans caused a stir, even though Tesla spent $369 million on capital expenditures in the fourth quarter alone. In a note to investors, Morgan Stanley analysts called the costs required to keep pace with Tesla's demand "eye-wateringly high," and said the $1.5-billion figure was nearly double their expectations. Still, Musk is not thinking small and suggested that his company could be as big in 10 years as Apple is now if Tesla's growth continues. His optimism comes as the company actually reported a $294-million net loss in 2014, more than its $74-million loss in 2013. The money, however, continues to roll in, and total revenues increased to $3.2 billion in 2014, up from $2 billion in 2013 and a dramatic surge from $413 million in 2012. More of the same is expected this year, and the company could reach $6 billion in revenue. As Morgan Stanley noted, it "seems Tesla is preparing to be a much larger company than we have forecasted." It's certainly spending that way.

This is what it takes to build a Tesla Supercharger

One construction company has taken a seven-day process and shrunk it down to about seven minutes in a new video that shows a Tesla Supercharger being built. And the video comes with some cool bluegrass music. Only in the USA. Electric Conduit Construction took a time-lapse video of its building out a station next to a Holiday Inn Express in Goodland, KA, which is about 200 miles east of Denver, CO on Interstate 70. All the not-so-gory details are there, including the digging up of four-foot-deep trenches, pouring footings, backfilling with gravel and sand, and installing supercharger cabinets and fencing so that no one gets zapped. Tesla Motors says it has 105 Supercharger stations strung across North America, which is impressive given that its station count was in the single digits as recently as last May. The company has said that there will be enough of such super-fast charging stations to be reachable by 98 percent of the US population via a Tesla Model S (we should all be so lucky to afford one) by next year. The California-automaker estimates that a half-hour plug-in at a Supercharger station can add as many as 170 miles worth of range to a Tesla Model S. See how one gets built in the video below. This content is hosted by a third party. To view it, please update your privacy preferences. Manage Settings.