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Tesla ‘drops’ entry-level Model S. But was it ever going to be available?
Mon, 01 Apr 2013The 40kWh version of the Tesla Model S is being dropped by Tesla in the US, but we do wonder if Tesla ever had any intention of delivering it in the first place. Tesla’s big claim ahead of the arrival of the, very impressive, Model S – and a seemingly vital part of the US taxpayer funding Tesla to develop the Model S – was that they would deliver a car that cost under $50k, something the car industry thought impossible. But when the Model S was launched, Tesla did indeed have an entry-level model available with a 4okWh battery that was listed at $58,750 (taking it almost down to the $50k mark after the US taxpayer chipped in the EV bribe) so Elon Musk could, quite reasonably, claim Tesla had delivered.
Tesla pays off its government loans
Thu, 23 May 2013Tesla paid off the last of its $465 million government loans May 22, nine years ahead of schedule, thus outperforming most U.S. college graduates and the vast majority of American homeowners. Tesla used funds from a stock offering to finish the loan with a whopping bank transfer of $451.8 million Wednesday, pointing out that it was “…the only American car company to have fully repaid the government.” Apparently no one at Tesla was even born when Lee Iacocca paid off Chrysler's $1.2-billion government bailout ahead of schedule back in 1983.
One lap of the web: obscure muscle cars and obscured Opels
Wed, 18 Dec 2013-- Not only is Bryan Adams the best-selling Canadian rock artist of all time, he's also big in Germany. So popular in fact, that (get this) Opel is building a limited edition Opel Adam dubbed "ADAM by Bryan Adams." The ADAM by Bryan Adams will feature black wheels and dark gray camouflage paintwork reminiscent of NATO winter patterns. Adams created the design himself, because when you think "Bryan Adams" -- you think winter camouflage!