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Recharge Wrap-up: Tesla battery drain reported; ELF two-seater solar trike

Biofuel company KiOR has filed for bankruptcy. KiOR, which was born out of a partnership between Khosla Ventures and Dutch biofuel startup BIOeCON, has debts numbering $261.31 million, with just $58.27 million in assets. The company produced biocrude from cellulosic biomass, but was unable to meet its production targets at its facility in Columbus, MS, and was also facing quality problems and accused mismanagement. KiOR shuttered its biocrude plant earlier this year, and suffered a huge loss in stock value. Read more at Gigaom. Some Tesla Model S owners are complaining again of "vampire" drain during sleep mode. Since downloading the Firmware 6.0, some drivers have reported a battery draw, even when set to "sleep always." Losses can be up to 12 miles of range from sitting overnight, and the latest versions of 6.0 haven't seemed to have solved the problem. Interestingly, the problem isn't affecting all Model S owners. Also, battery draw problems have been reported in the past, which Tesla took steps to fix in previous firmware updates. Read more at Inside EVs. Daimler's Car2go carsharing service is expected to reach 1 million users by the end of the year. The company currently reports 900,000 users worldwide. Car2go operates in 29 cities in North America and Europe, with plans to expand operations to China. "China might be risky, but it also brings lots of opportunities," says Daimler's Rainer Becker. While Car2go has yet to make a profit as a whole, it is moving in that direction, with Becker saying some cities' operations are already profitable. Read more at Automotive News Europe. The ELF solar- and human-powered trike from Organic Transit is now available as a two-seater. The ELF 2FR, as it is called, is a package that adds a rear seat behind the driver of the pod-shaped EV to allow for eco-friendly transport of two adults. The standard ELF retails for $5,495, and the upgrade to the 2FR adds another $499 to the price, which seems like a small premium for doubling the occupancy. Organic Transit hasn't released all the details on its website for the 2FR yet, but the standard ELF charges via outlet or 100-watt solar panel, goes 20 miles per hour and gets the equivalent of 1,800 miles per gallon (though adding the weight of another adult will certainly change those mileage numbers). Check out the Organic Transit's ELF 2FR in the videos below and read more at Treehugger. VIA Motors has received EPA certification for its range-extended electric van.

Is Tesla quietly sitting on 3,000 cars?

Tesla's 2014 third quarter financial report mixed some positive news with gloomy messages. On one hand, the electric carmaker posted its best quarter ever in terms of deliveries, including its best single day with 907 EVs delivered. The company also announced expanded production to get even more vehicles out the door by the end of 2015. However, the Model X got delayed yet again and higher prices in Europe were mulled. Dousing the results with a bit more cold water, a Merrill Lynch investor letter claims there's more to be pessimistic about the business than meets the eye.
The Daily Kanban, quoting research meant for Merrill Lynch clients, claims that Tesla had "approximately 3K vehicles stocked in inventory or in transit" at the end of the Q3. That's a fairly large number considering that the company reports selling 7,785 units for the whole quarter. The statement is also surprising because the automaker has a reputation for keeping excess supply low, and there are allegedly waiting lists for Model S sedans. CEO Elon Musk maintains that the automaker has a problem being able to keep up with high demand, as well.
According to Daily Kanban, the letter further states, "China is proving to be more challenging for Tesla to penetrate than expected." The automaker does not break out sales by region in its Q3 financials to check this assertion, however, the company does report the recently opened store in Shenzhen is one of its top-grossing stores worldwide and that there are now 23 Supercharger locations in 10 Chinese cities.

Recharge Wrap-up: AutoNation CEO calls anti-Tesla laws unnecessary, Common Pence donates subway money

Volkswagen has presented a list of near-term technologies to improve fuel economy and decrease emissions. The list includes an addition to a coasting function in its stop-start system, a 10-speed DSG transmission and a more power-dense four-cylinder TDI engine. Volkswagen aims to be the world's most sustainable automaker by 2018 through electric mobility, improved design and increased environmental performance from internal combustion vehicles. Volkswagen also announced other technologies for increased interactivity and connectivity in its vehicles. Read more at Green Car Congress. Commence Pence is a system that allows subway riders in London to donate their unused transit money to charity. People visiting the city often load up enough on their subway card (called Oyster Card) to get them through their trip and end up with unused funds leftover. Zander Whitehurst, a British designer, has created a device that can use the card's RFID to accept leftover funds, which then get diverted to charity rather than reverting back to the agency in charge of running the subway fare system. See the video below or read more at Wired. Mike Jackson, CEO of AutoNation has called Michigan's efforts to ban Tesla's direct sales in the state "unnecessary protectionism." The statement comes as a bit of a surprise, as it dissents from the majority of auto dealers who support a franchise model, as well as laws that forbid automakers selling directly to the consumer. "If Elon Musk wants to make a mistake and go with an inefficient distribution system, that's his right as an American," says Jackson, showing he feels he has little to fear from the electric automaker. Jackson has more to say on the matter, which you can read over at Green Car Reports. This content is hosted by a third party. To view it, please update your privacy preferences. Manage Settings. Featured Gallery Tesla Stores Around The World View 22 Photos News Source: Green Car Congress, Wired, Green Car ReportsImage Credit: Rick Bowmer / AP Government/Legal Green Tesla Volkswagen Fuel Efficiency Transportation Alternatives Electric recharge wrapup

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.

Tesla will 'probably' raise Model S price in Europe

The price for the Tesla Model S around Europe started higher than the US price but then went down. On a recent conference call with investors last week, CEO Elon Musk said that the future price will be going up. Probably. The hike is unlikely to be major, and Musk said that it's all part of the occasional purchase price adjustments that the company needs to make: We're probably going to have to adjust the price of our car in euros upwards because there has been a 7 percent change in the exchange rates of the euro versus the dollar. So we'll periodically have to make pricing adjustments if the exchange rate band gets too wide. I would certainly encourage anyone in Europe to purchase their car soon because we probably will have to make an adjustment there. Some example Model S starting prices in Europe are 66,640 euros ($82,712) in Belgium, 65,740 ($81,595) in Germany and 59,440 euros ($73,776) in France. For now, anyway. At the beginning of 2014, a dollar got you 72 euro cents. Today, it gets you 80. That might not be a big difference when you're buying brews for your new best friends at the hostel, but as Deepak Ahuja, Tesla Motors' Chief Financial Officer, told investors that, "as the euro weakens, the effect on our revenue is immediate." You can read a full transcript of the call here and listen here.

Unplugged Performance Tesla Model S is a blue-sky mod

Sitting outside in the sun at the SEMA show this week was the modified Tesla Model S from Unplugged Performance . As we noted a few days ago, this company wants to be known as the "AMG of Tesla" and has made a few changes to the standard S to try and claim the title. You can read about those changes in detail here but for now we just wanted to share our shots from Las Vegas of the upgraded EV. Now that we can see things better than in the provided studio shots, the modified front end doesn't look quite as rough and the carbon-fiber nosecone has a sleek elegance to it. The car was shut, so we couldn't get a good view of the heavily modified interior. For that, take a gander at the press images in the gallery below.

This is why Tesla doesn't release monthly sales numbers

While most automakers that sell vehicles in the US release a flurry of numbers at the beginning of every month to tell us how many cars and trucks they've sold, Tesla Motors has resisted following the herd. This can be frustrating for those of us who like to look at some cold, hard numbers, but CEO Elon Musk has a good explanation for why he won't play the sales figures game. During a call with investors about Tesla's third-quarter activities – Tesla does reveal its deliveries every three months – Musk was asked by John Lovallo of Bank of America if Musk would ever consider releasing monthly sales numbers? Musk's initial reply was a short: "Um, no. Sorry," but he then explained why: Part of the reason why we don't release the monthly deliveries number is just because it varies quite a lot by region and the media tends to read all sorts of nonsense into the deliveries. So, we'll have 1,000 cars reach a country one month and none the next month or 100 the next month trickle in because those are the numbers that were registered one month versus the next. People will say, 'oh, wow, Tesla sales drop by a factor of 10. Well, no, the boat arrived in January and not all the cars got registered in January and some got registered in February and in March it's back up again. People assume deliveries are a proxy for demand, and that's not the case. It is the case for other car companies but in our case, it really needs to be parsed into orders and deliveries. And bear in mind, there are a lot of things we could do to amplify orders. Orders is not a true measure of demand, it's just a measure of what we need to do to meet our production and deliver number. In other words, let's not worry about the little ups and downs because we've got plenty of demand and we're selling plenty of cars. See you in February! You can read the full transcript of the call here and listen here.

Tesla Model X delayed thanks to Model S production lessons

Besides the third-quarter sales figures for the Model S this year, the big news from the Tesla investor earnings call yesterday was another delay of the Model X electric SUV. CEO Elon Musk made it clear in his letter to investors that he did not want to "bring a product to market that does not delight customers," and he expounded on this in the call yesterday afternoon. Musk even named the X's falcon-wing doors as a potential problem. When Patrick Archambault from Goldman Sachs asked for more details on the Model X delay, Musk said his company would have no real problem making a few great X EVs, but that, "making lots of something consistently that's going to last a long time is extremely hard." Designing the car is easier than figuring out how to actually build the darn thing, he said, and building a lot of them is where Tesla can "really move the needle." We all know that that's what Musk wants to do, and he now says the third quarter of 2015 is when that'll be possible. Musk even named the X's falcon-wing doors as a potential problem. The powertrain and the chassis are based on the Model S, so that has been sorted out to some degree but, "with the falcon wing door and the second row of seats, ... we're adding some very new stuff that's really not out there, that never really has existed in a way that was useful," Musk said. Musk's argument that the X should be delayed has a lot to do with what he and the company found out by building the Model S. "We also learned a lesson in manufacturing that you have issues that are sometimes one out of 100, but unless you make 100 of something, you don't see it," he said. "Then you think the car is all good, but actually randomly one out of 100 is wrong, but you don't know necessarily which one out of the 100, then you've got to go look at all 100 cars. So just once you get into volume manufacturing there are just these statistically rare issues, but you really need to make a bunch of something in order to know that it's there. We want to make sure we do that with the X, that's really just a lesson we've learned." So, despite repeated rumors of potential rivals, Tesla is going to stay the course and bring out the X when it's good and ready. You can read the full transcript of the call here and listen here.

Tesla Model X delayed, again, but Musk says Model S demand remains high

Tesla CEO Elon Musk made one thing clear today as he announced his company's third-quarter sales figures: the company has more than enough demand for its luxury electric vehicles and its main problem is getting production ramped up. In fact, Tesla expects Model S orders and deliveries to increase by 50 percent next year. Buried in the good news, though, was word that the upcoming SUV version, the Model X, is going to be delayed. Again. That the Model X isn't exactly on schedule is not news. There have been delays talked about before. The original release date was 2013 which became late 2014 and then early 2015. The company is certainly getting ready for the X but now says it wants to deliver an all-electric SUVs that offers a good experience to buyers, without any problems. In a year plagued with a record number of recalls in the automotive industry, this is not a surprising stance to take. In the shareholder letter (available in the gallery below), Musk writes: In anticipation of this effort, we now expect Model X deliveries to start in Q3 of 2015, a few months later than previously expected. This also is a legitimate criticism of Tesla – we prefer to forgo revenue, rather than bring a product to market that does not delight customers. Doing so negatively affects the short term, but positively affects the long term. Back to the good news. This is where Musk has some strong numbers to point to, including Tesla's highest ever quarterly deliveries of the Model S – 7,785 vehicles – and the most deliveries in a single day – 907. The company also said that the new tech announced a few weeks ago, the dual motor option and the autopilot capabilities, have "further accelerate[d] Model S demand." To meet this demand, Tesla is expanding its production capability so it can make "more than 2,000 vehicles per week by the end of 2015." Of course, if Tesla wanted to be a bit more transparent about global demand and US sales and deliveries in particular, it could simply announce monthly sales numbers, just like the major OEMs do, But, when asked if Tesla would consider releasing those numbers on a call with investors today, Musk's reply was short and sweet: "Um, no. Sorry."

Daimler CEO says nobody is making money on EVs right now

What do you charge for a vehicle you're going to lose money on? If you're Mercedes-Benz and the vehicle in question is the B-Class Electric Drive, you offer it for lease for just 399 euros ($498) a month with a down payment of 8,473 euros ($10,582). If Daimler was going to price it honestly, it seems, the number would have to be a lot higher. "Nobody today is making a battery-powered vehicle that's economically viable." – Daimler CEO Dieter Zetsche That's according to Daimler CEO Dieter Zetsche, who spoke to reporters in Spain recently and said that, "You can reasonably say that nobody today is making a battery-powered vehicle that's economically viable in its own right. Manufacturers will not see a return within a reasonable time on the billions they're investing now." There are ways to make money in EVs, of course. Just ask Daimler, which recently sold its stake in Tesla for a cool $780 million. Zetsche has some EV-critical company in executives like Fiat Chrysler CEO Sergio Marchionne, who has said his company loses over $10,000 on each Fiat 500E it sells. Other automakers – e.g., Tesla, Nissan – are much more positive about their financial bet on EVs, but no one is opening all their books to the public to prove this. Tesla, which worked with Mercedes on the B-Class ED, will have an earnings call with investors later today, so perhaps we'll learn something new in a few hours. The B-Class ED lease deal is for 36 months, based on an MSRP of 39,151 euros ($48,895) in Europe, including the 19 percent VAT. You can read more in the press release below. Commercial release of Mercedes-Benz B-Class Electric Drive: Local emission-free driving from ˆ399/month Stuttgart, Nov 03, 2014 With its high-torque electric motor, the B-Class Electric Drive delivers lively and superior driving pleasure – with zero local emissions. The B-Class Electric Drive is now available to order, with deliveries set to start before the end of 2014. Prices start at ˆ39,151[1]. The B-Class Electric Drive can be leased through the Mercedes-Benz Bank from ˆ399 a month[2]. Further information on the full range of tailor-made leasing and financing offers as well as specific pricing examples are available at http://www.mercedes-benz-bank.de. Quiet and local emission-free driving is ensured by a 132 kW electric motor, which, as is typical of an electric drive, delivers its maximum torque of 340 Nm right from the start. The result is noticeably powerful acceleration from rest.