Tesla to buy battery tech maker Maxwell Technologies for $218 million

A Tesla car is seen in Santa Monica, California, United States, October 23, 2018. REUTERS/Lucy Nicholson (Reuters) – Maxwell Technologies Inc, a developer of battery technology, said on Monday it had agreed to be bought by electric-car maker Tesla Inc for $218 million. The offer values each Maxwell share at $4.75, representing a 55 percent… Continue reading Tesla to buy battery tech maker Maxwell Technologies for $218 million

UPDATE 1-Tesla to buy battery tech maker Maxwell Technologies for $218 mln

A Tesla car is seen in Santa Monica, California, United States, October 23, 2018. REUTERS/Lucy Nicholson (Reuters) – Maxwell Technologies Inc, a developer of battery technology, said on Monday it had agreed to be bought by electric-car maker Tesla Inc for $218 million. The offer values each Maxwell share at $4.75, representing a 55 percent… Continue reading UPDATE 1-Tesla to buy battery tech maker Maxwell Technologies for $218 mln

Tesla Releases Fourth Quarter and Full Year 2018 Financial Results

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Tesla Releases Fourth Quarter and Full Year 2018 Financial Results

Jan 30,2019

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Tesla Releases Fourth Quarter and Full Year 2018 Financial Results

PALO ALTO, Calif., Jan. 30, 2019 (GLOBE NEWSWIRE) — Tesla has released its financial results for the fourth quarter and full year ended December 31, 2018, by posting the current Update Letter on its Investor Relations website. Please visit http://ir.tesla.com to view the letter.

As previously announced, Tesla management will host a live question & answer (Q&A) webcast at 2:30 p.m. Pacific Time (5:30 p.m. Eastern Time) to discuss the results and outlook.

The webcast will be archived on the company’s website following the call.

Source: Tesla, Inc.

Volkswagen USA CEO Talks Dieselgate, Tesla, & China

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Cars Published on February 2nd, 2019 | by Guest Contributor
Volkswagen USA CEO Talks Dieselgate, Tesla, & ChinaTwitterLinkedInFacebookFebruary 2nd, 2019 by Guest Contributor
Originally published on X Auto.
By Ian Pavelko

Volkswagen has a history of sending mixed messages when it comes to EV strategy, competition from Tesla, and the company’s murky ties to diesel. Motor Trend recently sat down with Volkswagen of America CEO Scott Keogh to get his feedback on a number of issues facing the automaker.

Keogh calls Dieselgate “the ultimate betrayal.” He admits, “we made VW un-matter to people. When companies get into crisis mode, they climb into a bunker, and they lose their mojo.” In response, Keogh says VW recently changed its advertising agency.
Moving forward, Keogh says, “We’re going to operate as a company that matters and is ethical, and we’re moving into EVs, and hopefully we’ll get that redemption. Our German uniqueness and quirkiness, depending on its application, is 100 percent good and necessary because it’s a distinguishing factor.”
When asked, specifically, about VW’s electrification strategy, Keogh remarks, “We are arriving with a proper VW at a VW price, at a time when market sentiment and reaction and consumer sentiment is building.” Nevertheless, as head of North America for Volkswagen, Keogh sees the real opportunity for electric cars in China.
“There is no debate China will be the explosive EV market. And they need a lot of EVs due to congestion, smog, and autonomy. They missed 20th-century auto. They want to win ‘new auto’—EV, autonomous, connected,” says Keogh. He adds that China’s EV policies help, “Sometimes policy needs to give innovation a leg up. … When you have policies, and particularly (China’s) policies, it can stimulate consumers to follow those policies.”

What about Tesla? Keogh says, “Right now market share is 50 percent Tesla and 50 percent everyone else. Who is going to win the other 50 percent? That breakthrough product has not arrived yet.”
Note:For more information on Navigational Rallying in Quebec, check out Club Autosport La Licorne’s Facebook page (in French).

About the AuthorGuest Contributor is many, many people. We publish a number of guest posts from experts in a large variety of fields. This is our contributor account for those special people. 😀

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All Your Cell Are Belong To Us? Any High Energy Density 2170 Will Do For Tesla

One of Elon Musk's most interesting comments on the recent Tesla Q4 earnings call was his statement that Tesla's battery modules and packs “can essentially use any high energy density 2170 chemistry.” As the world's biggest user of battery cells by a significant margin, this may have other international automakers worried that Tesla will suck up a big portion of independent battery supply in China over the next few years

Tesla Model 3 Has Arrived In Europe — Thoughts From Our Test Drive

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Cars Published on February 2nd, 2019 | by Jos Olijve
Tesla Model 3 Has Arrived In Europe — Thoughts From Our Test DriveTwitterLinkedInFacebookFebruary 2nd, 2019 by Jos Olijve
Photos by Jos Olijve and text by both Jos Olijve & Maarten Vinkhuyzen
It was 6 weeks ago, early December 2018, that European reservation holders were asked to configure their Tesla Model 3’s. The expectation was deliveries would begin somewhere in second half of the first quarter of 2019, but many were also doubtful of that timeline.
Last week, reservation holders received an invitation to experience the Model 3 at a local showroom. I was one of those reservation holders, and after years of reading and writing about the Model 3, after just sitting in it at the Paris Motor Show, we could not wait for the change to drive it.
A small number of Model 3 Performance cars for test driving were sent ahead of the first shipload of customer Model 3’s that will arrive in early February in Zeebrugge, Belgium. Those cars arriving soon are for those who did not wait and ordered their cars untested, as will be the case for the next 2 or 3 shiploads of cars. (And as many a Wall Street analyst can explain, selling thousands of the highest trim levels sight unseen is clear proof that there is no demand for the Model 3 in Europe, but that is for another article. )
Let us state that it is not fair to have the Long Range Performance with the Premium Upgrade Package for a test drive when your budget would really like a Standard Range basic version. Now, there are serious questions. For example: Is the Standard Range with rear-wheel drive just as sticky to the road as the all-wheel drive? Is the cornering just as effortless as in this Performance model? Is the Performance chill mode comparable to the Standard Range normal mode?
Maarten inspecting the Model 3 before the test drive.
This is what others have called the best car for the money. That is not only about lack of experience with all the competitors below €100,000. A 25 minute test drive on a predefined route with a co-pilot handling the touchscreen is not enough to get even a little understanding of the car
This Model 3 has so much more potential than the average city car. Whereas an hour in the city cars we drive now or two hours in a Renault Zoe or Nissan Leaf was enough to confirm that they would suffice as daily drivers, one needs a week road tripping through Europe and perhaps two days on a circuit to get to know this car and what it can do.
We can try to play the role of car reviewer, but there are many far better reviews from professional reviewers. What we can give you are a few first impressions from common people. For this test drive and review, Maarten is driving the car, and Jos is a passenger at the backseat.

Jos
Maarten was not alone on his trip to Tilburg on this misty, rainy day. He invited me to join him as a photographer and because he was interested in my experience and opinion as a passenger in the backseat.
When we arrived, we were heartily welcomed by the Tesla employees. The agenda was fully booked during the days of this Test Drive Event, they told us. All was on schedule and a Deep Blue Metallic Model 3 stood waiting for us.
Maarten
The spartan interior was great. I never liked the intimidating plethora of knobs and dials that is considered luxury. It only tells me that I need to spent a day with the manual to learn most of them, and I know that I will have forgotten how to switch to daylight savings time when the days get longer. I have worked 30 years in IT, and I have learned that the simpler the user interface, the better. The Model 3 has a brilliant user interface — it is just a pity that touchscreens hate my fingers and mostly ignore them. But that’s nothing that can’t be solved with a trackball or a velvet-tipped pencil.
No unnecessary knobs and dials, simple and elegant.
Jos
My first impression was a spacious car with a plain, spartan interior. However, I was disappointed by the synthetic leather upholstery.
Maarten
“That is Tesla special vegan leather. You can spoil a glass of wine on it and there is no problem.”
Jos
“I have no intention of drinking wine in the car, but it is good to know. … For me I like the upholstery a bit more cuddly.”
The safety glass roof is amazing. On this rainy day the grey clouds formed a great panorama. The roof also functions as a sun blocker. I had that funny thought that I would like to see the exterior of the car while riding in it. Okay, we can go to the moon and I understand that my wish might be too much…
When you don’t know it is Tesla special vegan leather, it looks like cheap synthetics.
Maarten
I am getting stiff in the joints. I also tend to doze off once in a while. So, the most important feature of the Model 3 for me is the Full Self Driving option, which won’t be available in the foreseeable future. Another consequence of those joints is that I needed help getting the driver seat in the right position.
Few things are as easy as driving an EV, though. Carefully press the accelerator and point the nose where you want to go.
Jos
The car produced more noise than I expected for an electric car. The noise is due to the winter tires, our co-pilot explained.
Meanwhile, the pre-defined route brought us through a new housing estate from one rotary intersection to the next. In the backseat, I was uncomfortably shuttled from one end to the other. What is really missing is a handgrip you can hold onto during accelerations and when going around a corner. Most cars have one and I think in an electric car it is indispensable, especially in sport mode.
Maarten
I tried to get the famous Tesla smile on Jos’s face. Thirty years ago, making a wheelie after a traffic light did give a positive reaction. I don’t know whether it was the front wheels staying on the road or just getting a bit mature, but it was not appreciated this time. If eyes could kill, I would be at least severely wounded.
I decided to drive very carefully, like a limo driver.
Jos
I suppose that the heart of the biker that Maarten used to be was ticking again. Our Tesla co-pilot was so empathic that he changed the chill mode into sport mode, all to please grumpy old man Maarten. A few minutes later, we arrived at a traffic light, followed by a straight road. And as you can guess, Maarten could not resist pressing the accelerator deeply. … Unlike the front tire of the motorbike of times past, the Tesla car did not start prancing. Instead, it caused an immense g-force on me in the backseat. Not very comfortable.
Maarten
One last attempt at putting the Tesla smile on Jos’s face. It failed. Only chill mode with Jos aboard.
Jos
This example shows that the capacities of a car can have great effects on the behavior of the driver. It is something to keep in mind for safety and comfort of other people in the car and on the road. The position of the driver is very different from the one on the backseat. The driver has everything under control and the g-forces are less felt in the front.
Both together
The car is big but not too big for most of Europe. The heated seats are not just heated — they get hot, perfect for Maarten’s back.
Leg room in the back depends on the one in the front seat.
Jos prefers real suede leather, Maarten fancies cloth.
Of course, we checked the trunk — enough room, with extra space for tools and other items underneath.
A really deep trunk.
With its range and charging capabilities, there is nothing you cannot do with this car. For those in Europe who think that the Audi A4, Mercedes C-Class, or BMW 3 Series is the car for them, the Tesla Model 3 is likely a better car for their interests.
This year, the number of Tesla cars on European roads will more than double. This time, not only in Scandinavia, the Netherlands, Switzerland, and the UK, but all over Europe. There is no telling what the enhanced visibility will do to demand. With better price/performance and availability of the S, 3, and X models than the competing Jaguar, Audi, Porsche, or Mercedes offerings, Tesla will again prove Wall Street wrong.
Tesla has prepared for this with a decent expansion of its superfast charging network in Southern Europe and the beginning of it in Eastern Europe. What is missing is a sales and service network in the larger European countries. Interesting times ahead.
What a surprise — today, Jos passed a Deep Blue Metallic Model 3 in the wild, in my own village/town of Alphen aan den Rijn, the Netherlands. Was it the same one or another?

About the AuthorJos Olijve Jos Olijve graduated in clinical psychology in that special period of the 20th century when unemployment was at its highest ever among young academics. She retrained and worked as an information analyst before switching to general and educational journalism. She made her own photo illustrations for her articles, and got appreciated for her photography besides her writing. Later on, website management gave her the opportunity of combining her writing, visual, and technological skills. Meanwhile, she raised two fantastic kids. She is now supporting her colleague Maarten in editing his articles and making beautiful photo shoots.

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Tesla Competitor Traps Driver For an Hour While It Completes Software Update

Nio World Getting a Windows update while you’re in the middle of working on something on your computer is frustrating. But what happens when you accidentally trigger a software update in your car while driving on the highway? The South China Morning Post and Bloomberg report that China’s electric car maker and noted Tesla competitor Nio had a… Continue reading Tesla Competitor Traps Driver For an Hour While It Completes Software Update

Battery-Electric Vehicle Charging: History And Future

Let’s take a look at the current public fast-charging situation in the U.S. The replacement of fossil-fuel vehicles by electric vehicles as soon as possible is necessary because of global warming due to carbon emissions from fossil-fuels combustion and the finiteness of fossil fuels. In this document, only full-electric light vehicles (BEV), cars and pickups,… Continue reading Battery-Electric Vehicle Charging: History And Future

Tesla profits, GM doubles down on EVs, Mustang and 911 hybrids: The Week in Reverse

2017 Tesla Model 3, in photo tweeted by Elon Musk on July 9, 2017
Which company showed a new hybrid system this week?

What new retro-themed electric car does Volkswagen plan to build?

This is our look back at the Week In Reverse—right here at Green Car Reports—for the week ending Feb. 1, 2019.

The news this week centered around Tesla, as it often does. On Wednesday, the company announced its earnings for the fourth-quarter of 2018, showing a loss of more than $1 billion from a difficult year when it struggled to ramp up mass production of its most popular car, the Model 3. The second half of the year was in positive territory. It also announced that the Model Y will roll out at the end of 2020.

Tesla CEO Elon Musk (r.) and Shanghai Mayor Ying Yong in Shanghai July 10, 2018

Tesla has built up its cash reserves and no longer faces an immediate cash crunch, but it still scrambling to balance producing and selling enough cars against selling them for enough money to remain profitable. To that end, Tesla revealed new lineups for its original Model S sedan and Model X SUV that use the largest battery but limit its range. The company also cut its prices by another $1,000.

2019 Chevrolet Bolt EV

General Motors CEO Mary Barra announced that the company will double its investment in engineering electric and self-driving cars as it aims to focus on the future and avoid another bankruptcy like the one that caught up with GM in 2009.

New tests reveal that more lavishly equipped versions of the new Nissan Leaf Plus will have significantly shorter estimated range ratings than the basic version.

2019 Nissan Leaf

Now that the federal government has reopened, along with the EPA, a backlog of new models waiting for official fuel-economy and electric range estimates before they can be certified for sale is beginning to move forward. And with the EPA back in action, Acting Administrator Andrew Wheeler was able to make new appointments to the agency's Science Advisory Board—including a well-known skeptic of climate action.

Volkswagen Geneva Show Electric Buggy concept

Volkswagen finally officially revealed that it plans to build a concept version of a long-rumored electric dune buggy to join the stable of its throwback ID Buzz electric microbus and a rumored electric recreation of the original Beetle.

Mazda revealed more about its plans to develop cleaner and more fuel efficient models that meet stricter upcoming standards, at an event previewing the 2019 Mazda 3. It's less of a plan than a scattershot collection of plans to keep this small automaker globally viable.

Porsche Taycan prototype

Porsche revealed that its upcoming electric Taycan will come with three years of free charging on Electrify America chargers, also owned by Porsche's corporate parent Volkswagen. A new report also revealed details of two hybrid systems to potentially be used in the next 911 sports car.

Oil giant Shell announced it is getting into the business of fast-charging electric cars in the U.S. with its purchase Greenlots and that company's chargers.

Chargeway Beacon – Forth electric vehicle showcase, Portland

A Portland, Oregon, startup company, Chargeway, has a new system to help newfound electric car drivers find public charging more easily. The company rolled out its first educational kiosks in a Portland trial project.

Electrify America had to shut down its fastest DC fast chargers last weekend—before any civilian electric-car drivers had a chance to use them—due to a safety concern. The chargers were back on within a day.

Ford hybrid V-8 engine patent

New patents registered by Ford show what could by the new hybrid system the company plans to put in the next Mustang and F-150 pickup.

And a report from the U.S. Energy Information Agency shows that wind power is on pace to overtake hydro as the top renewable energy source in the U.S. in 2019.

_______________________________________

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My First Tesla Shareholder Call As A Tesla Investor

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Cars Published on February 1st, 2019 | by Carolyn Fortuna
My First Tesla Shareholder Call As A Tesla InvestorTwitterLinkedInFacebookFebruary 1st, 2019 by Carolyn Fortuna
For most people, you buy a stock because someone you know is excited about it. Maybe that person is a day trader or has a track record of choosing a solid portfolio of growth stocks. That person’s energy and enthusiasm is contagious: you want to jump in and take a teeny portion of your net worth, just a snip of your meager life savings, to a whole new level. And, if that stock is Tesla [TSLA], the thought of becoming a Tesla investor is doubly thrilling, as you’ll be joining a group of visionaries who feel a positive shift toward the future.

I’m one of those new Tesla investors. A longtime educator who apportioned a small amount of my biweekly paycheck into a 403(b) account, I saw my first Tesla in 2013 while traveling through an upscale hippie town in western Connecticut on the way to Lime Rock Raceway. I thought of Tesla at the time as little more than another new car on the market.
Tesla, as the first EV with long enough range to serve as a replacement for a gasoline car, was soon seen as different. It was an EV that was also a practical everyday car. The company created a Supercharger network that had been missing with prior EVs (and other non-Tesla EVs since), making charging options fast and convenient. The company’s CEO, Elon Musk, took good ideas and made them a reality — “the point of all this was, and remains, accelerating the advent of sustainable energy, so that we can imagine far into the future and life is still good.”
Since then, I’ve been writing about environmental issues for CleanTechnica and other EV websites, and I’ve come to understand the special place that Tesla holds in the marketplace. It’s more than an automobile company: it’s a movement, a mission, a disruptor. It’s leading the energy industry toward advanced technologies for a sustainable economy.

No, I don’t own a Tesla automobile. I’d love to own a Model 3, of course! But I’m one of those people to whom Musk referred to in the Q4 2018 earnings call:
“The demand for — the demand for Model 3 is insanely high. The inhibitor is affordability. It’s just like people literally don’t have the money to buy the car. It’s got nothing to do with desire. They just don’t have enough money in their bank account. If the car can be made more affordable, the demand is extraordinary.”
But what I could do was buy Tesla stock. The climate crisis and related growth had already led me to divest from fossil fuel stocks in my existing portfolio. Like many others, I lean toward mission-driven investment strategies, and the trend seems to be pointing in that direction for many others similarly.
In late summer 2018, after Musk announced via Twitter that he had secured enough funding for a massive private buyout of Tesla, the SEC stepped in with sanctions. When Tesla stock dropped in value, I saw an opportunity and made my first purchase. Since then, the stock has risen and, while it is fluctuating, I’m pleased with my decision. I do plan on staying “long,” putting my money into the Tesla movement and feeling like I’m part of something important and rare.
I’ve bet on the future, after all.

Listening to the Investor’s Call with a New PerspectiveAs a writer for CleanTechnica, I generally tune into the quarterly Tesla shareholder communications. I take notes, read the shareholder letter, listen to the earnings call, and study the subsequent transcript. The late January 2019 communications felt different to me, however. I was one of the people to whom Tesla was speaking!
Several points during the earnings call caught my attention and confirmed my confidence in my Tesla stock.
Tesla achieved an 80% market share of US EV sales last year.The company began construction of the Gigafactory in Shanghai, and by the end of this year, they expect to be producing Model 3s using a complete vehicle production line. Musk acknowledged that the company is getting a lot of support from the Shanghai government as well as the national government.With the combination of cells produced at the Gigafactory in Nevada, cells produced in Japan, and cells produced locally in China, Tesla is confident it has a sufficient supply to hit its productions targets there.Tesla predicts strong growth in its battery and stationary storage businesses.With concern about a 2019 recession looming and possible scenarios of lower volumes and tight pricing, Tesla anticipates a good shot of being profitable and generating free cash flow nonetheless. If such a recession does come, Elon plans to manage the business adequately through frugality.Elon continued to refer to Tesla’s relevance in regard to the acceleration of sustainable energy, which is absolutely fundamental due to its importance for humanity.Yes, I realize that Tesla stock was off a bit at the beginning of January, partially due to total sales numbers not being what some shareholders expected and partly due to the 50% cut in the federal tax credit for buying a Tesla. But the Tesla board is more robust than ever, with the addition of 2 veteran business people: Oracle founder Larry Ellison and Walgreens’ executive vice-president and global chief human resources officer Kathleen Wilson-Thompson. And lots of investor advisors are telling their clients that they believe Tesla is on track to post one of the market’s most robust year-over-year earnings increases in 2019.

Final ThoughtsLike many others, I will likely add to my shares of the company over time as I have more free capital to invest.
After all, Tesla is on the frontlines of climate action. One of the best things I can do for the environment is support the company. As more people end up buying a share of Tesla, or 2+, we can show how are investing in the company as another way to do our part in climate action. I do intend to stick with the stock through most anything, because I see its survival and growth as critical to getting the climate under control. This is a narrative that we should see playing out more and more, which makes Tesla stock a rather unique case.
I feel that Tesla will continue to see massive sales growth in the coming years, as Teslas become more common on the streets around us. As other people outside the sustainability community begin to gain awareness as to the role Tesla has taken in the push toward renewable energy, and as more people start to recognize Teslas in their own neighborhoods, the stock will certainly rise in value.

About the AuthorCarolyn Fortuna Carolyn Fortuna, Ph.D. is a writer, researcher, and educator with a lifelong dedication to ecojustice. She's won awards from the Anti-Defamation League, The International Literacy Association, and The Leavy Foundation. She’s molds scholarship into digital media literacy and learning to spread the word about sustainability issues. Please follow me on Twitter and Facebook and Google+

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Tesla News
Cleantech Press Releases New Research Shows That Only Two Large Petroleum Companies Have Meaningful Emission Reduction Targets Koben Announces EVOLVE EVSF —Grid-Friendly Modular EV Store & Forward System The New Danish Climate Plan — Together For A Greener Future38 Anti-Cleantech Myths Wind & Solar Prices Beat Fossils Cost of Solar Panels Collapses
© 2018 Sustainable Enterprises Media, Inc.
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