When Protean Electric begins production of its Protean Drive in-wheel electric drive system later this year, it could mark the stirring comeback of the wheel hub motor, a concept that’s been more than a century in the making. Electric wheel-hub motors date all the way back to 1884, and none other than Ferdinand Porsche used… Read more »
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There’s no stopping Tesla now. The company’s stock (Nasdaq: TSLA) rose over 7% to close at a new high on Monday after a bullish analyst’s report highlighted the strong sales of Model S, and the trickle of good news continued. Jefferies analyst Elaine Kwei noted that most of this year’s gains in the large luxury sedan segment are… Read more »
Is it a milestone in automotive history, or just an odometer moment? Who cares? Let’s celebrate! According to the latest estimates, the 100,000th plug-in vehicle was sold in the US some time this week. This total includes only “highway-capable” vehicles, not “neighborhood electric vehicles,” which number over 60,000 in California alone. The first of the… Read more »
Those who follow the markets know that earnings reports – good or bad – tend to trigger big moves in a stock price only when they are surprises. No one knows this better than master showman Elon Musk, so in a way it was no surprise that the size of Tesla’s first-ever quarterly profit, announced… Read more »
Tesla has announced a couple of small improvements to the financing program that it introduced in April. It is raising the Model S resale value guarantee to make it the highest of any premium sedan (excluding rare, low volume or limited edition vehicles). Buying a Model S through the Tesla financing offering now comes with… Read more »
In-wheel electric drive systems are a hot topic these days. Mounting the electric motor and power electronics within a wheel assembly can improve efficiency, save space and give automakers more flexibility in body design. This week, two leaders in the field introduced new in-wheel offerings. Protean Electric announced the debut of its production in-wheel motor… Read more »
And the big news from Tesla that we’ve all been waiting for is (drumrolllllllllll)…you can finance a new Model S, and they’ll give you a pretty good deal. What Tesla is calling a “revolutionary automotive financing product” is a 63-month car loan, offered by Wells Fargo and US Bank, with a 10% down payment (with… Read more »
Tesla’s 2012 Shareholder Letter reads like a bundle of good news for EV fans, but the bean counters on Wall Street are less impressed.
As you may have guessed, we at Charged believe that electricity is the best way to power our vehicles in the post-fossil fuel era. Compared to other contending technologies (biofuels, natural gas, hydrogen), electricity is the most efficient, and our best shot to be truly sustainable. However, there’s a much more immediate reason why automakers… Read more »
The company delivered a bundle of good news in its quarterly shareholder’s letter, released on Wednesday