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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.

Toyota bringing sextet of retro-liveried GT86s to Goodwood [w/poll]

Automakers and the teams that race their products switch liveries all the time. From time to time you might see them revive a classic color scheme from their history, like Lotus has with the JPS black and gold, or Nissan did most recently with one of the GT-R LM Nismo prototypes it's bringing to Le Mans this year. But Toyota is going a step further. At the upcoming Goodwood Festival of Speed later this month, the Japanese automaker isn't just showcasing one new car with a throwback livery – it's bringing six. They're all based on the GT86 (which we know as the Scion FR-S), and each pays tribute to an iconic racing car from Toyota's history. The yellow and green one pays tribute to the Yatabe Speed Trial 2000GT from 1966. There's another decked out in white and blue in tribute to the 2000GT that Carroll Shelby showcased in the US back in '68. The red one with the black hood pays homage to Ove Andersson's rally-spec '72 Celica. Another one in red with yellow stripes harks back to the IMSA-spec Celica from the mid-80s. There's the Castrol livery from the Group A rally-spec Celica GT-Four, and finally a tigerskin-effect livery derived from the Esso Ultron scheme from Japan's own touring car championship. In addition to the special vinyl wraps and decals, each of the sports cars features throwback wheels, a stainless steel exhaust and a lowered suspension. But of course it's the livery that makes them special, and you'll want to check them all out in the extensive high-resolution image gallery above and cast your vote in the poll below. GT86 PAYS TRIBUTE TO ITS HERITAGE WITH CLASSIC TOYOTA LIVERIES Visual celebration of decades of sporting design and engineering excellence at the Goodwood Festival of Speed - Fleet of six GT86 coupes finished in one-off classic liveries celebrating great Toyota race and rally cars of the past - Classic look captured in vinyl wraps and decals plus lowered springs, stainless steel exhaust and retro-styled wheels - Cars available for public drives in the Goodwood Festival of Speed's Moving Motor Show on 25 June, then on static display supporting the GT86 Drift Experience at Goodwood's race circuit Many of the qualities that make the GT86 an exceptional modern sports car are rooted in generations of classic performance Toyotas, from its great handling to its timeless, low-slung styling.

Toyota/Mazda factory will reportedly be in Alabama or North Carolina

The Toyota/Mazda factory sweepstakes appear to be nearing a conclusion as Bloomberg and Automotive News are reporting the location has been narrowed down to either North Carolina or Alabama. The joint venture plant worth $1.6 billion would add 4,000 jobs to whichever state lands it. To even be considered, Toyota and Mazda have reportedly sought a $1 billion incentive package from interested states in the form of tax breaks and other support. At least 15 states had apparently been jockeying for the factory, including Mississippi, Illinois, Michigan, Ohio, Indiana, Texas and South Carolina. Toyota presently has an engine factory near Huntsville, Ala. The state is also currently home to Honda, Hyundai and Mercedes-Benz assembly plants. North Carolina currently does not have a car manufacturing plant. This would also represent Mazda's return to American manufacturing, as its present lineup of cars and crossovers is produced in Japan. The company had previously built cars in the United States along with its former partner Ford. Related Video: