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Recharge Wrap-up: Tesla and crude oil, Toyota Prius incentives

There is a direct relationship between Tesla stock and the price of US crude oil, according to Business Finance News. According to research, when oil prices rise, so does Tesla's stock value, though not always at the same rate. In some cases though, Tesla stock has performed well despite falling oil prices, or poorly during oil rallies. Business Finance News attributes this to "external forces" such as product launches (like the Powerwall) and strong or weak earnings on the part of the electric automaker. "Apparently," writes the article's author Jason Graul, "the relationship between the energy-innovation company and crude oil is based on basic principles of demand and supply, and substitute goods." Who would have thought? Read more at Business Finance News. Southern California Toyota dealerships are offering increased incentives on the 2015 Prius. As the car ages and gas prices remain low, many dealers are having trouble moving the hybrid. While the car is already eligible for $500 in discounts in the region, customers can now also nab a $2,000 gas card with a 24-month lease of the Prius Liftback (the deal is not available for the Prius C, Prius V or Prius Plug-In Hybrid models). Lease discounts for the Prius Plug-In Hybrid have increased from $2,500 to $4,000, making it about $259 a month to lease. All Prius models offer a $500 loyalty bonus, and Toyota is willing to waive up to the last six months of payments for leases ending between June 2 and September 28. The next-generation Toyota Prius begins production in December, and could arrive in the US as a 2017 model. Read more at Green Car Reports. Ballard has signed a deal to provide the hydrogen power systems for 33 buses in two Chinese cities. The supply agreements with Nantong Zehe New Energy Technology and Guangdong Synergy Hydrogen Power Technology are estimated to be worth $10 million. "We continue to see strong growth opportunities in China's mass transit market where fuel cells are increasingly being discussed as the next generation of clean propulsion," says Ballard President and CEO Randy MacEwen. "This demand is being driven by China's growing need for clean urban mass transit and air quality policies." Fuel cell and electric buses are currently eligible for a $150,000 subsidy, as China is working to promote clean energy and reduce pollution. Read more in the press release below.

Camaro ZL1, Toyota 86, and More | Autoblog Minute

We recap the week in automotive news, including a look at the 2017 Camaro ZL1, Toyota 86, and automatic emergency braking. Scion Toyota Autoblog Minute Videos Original Video toyota 86

Watch the trailer for Amazon's 24 Hours of Le Mans documentary

Amazon's video streaming service is taking a cue from Netflix and filling its library with new, high-quality original content. This is great news for car enthusiasts, as the company seems interested in tailoring to our diverse tastes. After the successful debut of The Grand Tour, Amazon announced a new documentary based on an annual race in France. Le Mans: Racing is Everything is set to debut later this year. The first action-packed teaser just debuted. The limited series will explore the race's roots and what makes it such a grueling but rewarding place for teams and drivers and such an awesome spectacle for fans. New Black Films, the production company behind the series, embedded itself with the Porsche, Audi, Nissan, Toyota, Aston Martin and Rebellion teams, interviewing drivers like Mark Webber and Andre Lotterer. The series is set to debut on Friday, June 9, plenty of time to catch up before the 24 Hours of Le Mans later next month. Keep an eye and ear out for another Amazon project, a yet-to-be-named series on Formula 1. Related Video: News Source: Amazon, YouTube via The Verge Motorsports TV/Movies Audi Porsche Toyota Amazon le mans 24 hours