Consumer Reports Calls Tesla Model S The Best Car Of 2014; Tesla plans $5B battery factory

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    Feb 25, 2014 9:33 PM GMT
    http://business.time.com/2014/02/25/tesla-model-s-consumer-reports/

    Tesla Model S landed at the top of Consumer Reports‘ highly regarded annual top-10 autos list on Tuesday, making a good day for Tesla CEO Elon Musk even better after a Wall Street analyst’s bullish forecast catapulted shares upward.

    Consumer Reports gave the electric-powered vehicle top honors for its “blistering acceleration, razor-sharp handling, compliant ride, and versatile cabin,” adding that the Tesla Model S is “a glimpse into the future.”

    The glowing review came shortly after Morgan Stanley analyst Adam Jonas said Tesla warrants a share price of $320, the Wall Street Journal reports. Tesla produced less than 23,000 vehicles last year at a price tag of $89,000, but Jonas sees the company hitting 370,000 vehicles a year by 2020. Tesla is expected to announce plans to build a new battery factory that will lower the cost of batteries.
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    Feb 26, 2014 1:45 PM GMT
    I LOVE Tesla.
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    Feb 27, 2014 3:57 AM GMT
    One of the good things about Tesla is the customer service. The car "phones home" if it detects a problem. And a Tesla technician will show up at your house to fix it. That's fuckin nuts. icon_lol.gif
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    Feb 27, 2014 6:57 PM GMT
    [I'm guessing Apple might be one of those partners?]

    Tesla Plans $5 Billion Battery Factory
    Electric Car Maker Looking at Sites in Arizona, Nevada, New Mexico and Texas
    http://online.wsj.com/news/articles/SB10001424052702304709904579407473494212500?mod=WSJ_hps_sections_business&mg=reno64-wsj
    Electric car maker Tesla Motors Inc. TSLA +1.22% said on Wednesday its proposed battery "Gigafactory" would cost up to $5 billion and allow it to sell as many as 500,000 vehicles a year.

    The Palo Alto, Calif., company outlined plans for a factory that would employ up to 6,500 people and cover as many as 1,000 acres, including solar and wind farms to supply its power needs. It is evaluating sites in Nevada, New Mexico, Arizona and Texas, Tesla said in a regulatory filing.

    The proposed 10 million-square-foot facility would make the powerful and pricey lithium-ion batteries that power its Model S and future vehicles. Tesla has said it needs its own production to meet expected demand and hit its cost target for a more affordable car.

    Tesla said it would raise $1.6 billion through a bond issue to help finance construction. The auto maker said it would contribute $2 billion toward the proposed battery factory, which would also make storage batteries for electric utility uses. It estimated the plant's cost at between $4 billion and $5 billion with first production in 2017.

    Tesla Chief Executive Elon Musk, who last November first raised the idea of a "Gigafactory" that takes in raw materials and produces finished batteries, has said he intends to build the factory with unidentified partners.
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    Feb 28, 2014 4:09 PM GMT
    http://www.wired.com/business/2014/02/teslas-giant-battery-factory-save-apple/?cid=19288724

    Now that Tesla has announced the Gigafactory, Gartner auto industry analyst Thilo Koslowski thinks it would make more sense for Tesla to talk with Apple about something other than an acquisition. “Depending on the capacity of the factory and who the other investors will be, Tesla could start selling its batteries for other products besides cars,” Koslowski tells WIRED. “This could actually mean Tesla might build batteries for Apple.”
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    Feb 28, 2014 4:24 PM GMT
    it would be nice if there was a common battery mechanical package configuration for automotive and hand held devices.
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    Mar 02, 2014 12:21 AM GMT
    After Taxpayer-Funded Flops, Tesla's 'Dangerously Ambitious' Gigafactory Could Save U.S. Battery Business

    http://www.forbes.com/sites/joannmuller/2014/02/28/after-taxpayer-funded-flops-elon-musks-dangerously-ambitious-gigafactory-could-save-the-battery-business-in-america/
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    Mar 02, 2014 12:38 AM GMT
    yeah the mining of lithium, beryllium and boron will be wonderful for the planet (all of which are about as abundant as things with atomic numbers between 40 and 50)

    also, these batteries have a limited cycle life, typically around 500 cycles before 20% of the capacity is lost assuming ideal environmental circumstances.

    so let's hope they put the GIANT battery landfill in San Jose, CA
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    Dec 04, 2014 12:59 AM GMT
    ><span style=I like cars, especially certain classics - and have acquired some of my favorites over the years. When my fiancé started looking into Tesla Model "S" cars, I wasn't sure I'd want one, so we read everything we could find, and talked to people who own them. You see them every day here in Silicon Valley. We took a tour of the factory nearby in Fremont (near San Jose). Tesla owns the rebuilt factory that was originally a huge GM plant. Having one and driving it, and the ease of recharging the car - made me a believer. You can charge a Tesla at home, or at your office, or at a whole variety of charging stations. A full charge is about 260 miles. Another surprise: I'm impressed by how beautifully made and put together these cars are.

    NEW YORK (CNNMoney)
    Tesla Motors announced Wednesday that it has repaid a $465 million loan from the government nearly a decade before it was scheduled to do so.
    ca9eb44b4966f494a0ac25e2d2089d3d.jpg
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    Dec 04, 2014 4:09 AM GMT
    I am surprised at how many of them I see out here in BFE. (Usually driven very erratically by apparent trophy wives.) But we do have In Situ and Google and a bunch of McMansion weekend retreats out in the hills.
  • galant506

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    Dec 07, 2014 2:47 AM GMT
    somersault saidyeah the mining of lithium, beryllium and boron will be wonderful for the planet (all of which are about as abundant as things with atomic numbers between 40 and 50)

    also, these batteries have a limited cycle life, typically around 500 cycles before 20% of the capacity is lost assuming ideal environmental circumstances.

    so let's hope they put the GIANT battery landfill in San Jose, CA


    That life cycle sounds fine to me. They can do 300 miles per cycle in "ideal environmental circumstances" so that gives 150,000 miles. It can survive that long without servicing and it's not like it'd be useless by that stage either since a 20% capacity loss would still yield 200 miles of range.

    What sort of life cycle were you expecting? Even with constant servicing, many internal combustion cars are completely dead by 150,000 miles.

    Tesla have a contract with "Toxco" to recycle batteries at a facility in Ohio. Apparently 70% is recyclable/reusable using current processes with potential to improve.
    See here: http://www.transportation.anl.gov/pdfs/B/855.PDF