Tesla Sells Stake to Daimler Mercedes

I have done several posts on this company.....actually they have not been very popular. Most people are not aware of the name. I have predicted that they will become a household name within two years. The reason I made that statement is that they have the best battery technology of any of the auto manufacturers. If I were in the auto business.....I would be trying to buy them or at a minimum access that technology. Currently, Tesla is not a public company, but if I they came out with a public offering .....I would be first in line for some shares.

Daimler (Mercedes) has done just that....they have acquired a 10% stake in Tesla. The deal was not disclosed but was priced at eight figures in Euros....$20 million minimum. This deal could give Mercedes a leg up on their European competition.

In January, Mercedes selected Tesla to provide batteries and charges for their Smart EV. Tesla has agreed to supply 1000 batteries within the next two years. It gives them access to the most advanced electric car manufacturer in the world. It is anticipated that Mercedes and Tesla will work collectively on battery systems, electric drive systems, and electric cars in development.

One of the weaknesses of German cars has been their electronics. Typically, the Japanese and American manufacturers produce cars with fewer electronic problems.

The Mercedes deal also has advantages for Tesla accessing Mercedes engineering production and supply chain management. Translated it means that Tesla will have access to German engineering for setting up the factory for the new Model S, and access to parts suppliers.

Summary:

Obviously, the Germans are very good business people....this is an exceptional deal for Mercedes. They were looking out for their strategic interests. The car business is done in billions of dollars, so this is a cheap investment in the future.

It gives Tesla help in building the factory for the Model S and some cash until federal loans are approved.

Tesla...The Future Has Arrived!

Everyone that reads my blog is aware that I am an incredible fan of the Tesla Motor Co. Three things have truly impressed me about this company. The incredible vision by the pioneers of this electric vehicle (EV) company.....GM had the lead, money and engineering staff.... but lacked the vision. The second thing that impressed me is the incredible engineering..... GM, Toyota, Ford, Nissan etc have substantially larger engineering staffs than Tesla but have not been able to match Tesla yet.

All this has been done on a shoestring budget for a few million dollars. Yet, they have developed the new electric vehicle technology with the Tesla Roadster that is incredibly fast 3.9 seconds 0-60 mph, the incredible Ferrari F430 is 3.6 seconds. Actually, the Tesla Roadster is the first electric vehicle on the roads of the U.S. and Europe.

Tesla unveiled the Model S on March 26, the all-electric family sedan that carries up to seven people and travels up to 300 miles per charge. Reservations immediately began streaming in online and at showrooms in California. This historic vehicle is likely to be the world's first mass-produced, highway-capable electric vehicle when production begins in late 2011. The surge of reservations already proves that there's pent-up demand for a car that doesn't compromise on performance, utility or efficiency.

The Model S does 0-60 mph in 5.6 seconds and will have an electronically limited top speed of 130 mph. A 17-inch touchscreen with in-car 3G connectivity means you can listen to Pandora Radio or consult Google Maps, or check the car's state of charge remotely on your iPhone. The Model S can be recharged from any 120V, 208V or 240V outlet or quick-charged from an external direct current supply in only 45 minutes.

The anticipated base price of the Model S is $57,400, a US federal tax credit will reduce the cost $7,500. The reservation fee of $5,000 is refundable. Three battery pack choices will offer a range of 160, 230 or 300 miles per charge. The company has not released for pricing for options and higher mileage battery packs. If you account for the cost advantage over the life of the car vs. an equivalent internal combustion engine car at a cost of $4.25 per gallon (a likely future cost in the United States, and a bargain right now in many parts of Europe), the Model S is equivalent to a gas guzzler with a sticker price of about $35,000. Importantly, those savings are realized immediately if you lease a Model S, so there is no need to wait years to earn back the price difference.

Tesla also is taking reservations for the Model S Signature Edition with a $40,000 reservation fee, which is also refundable. Tesla will produce only 2,000 Signature Edition cars, which will be the first built and have unique interior and exterior features. Signature Edition cars will be evenly split between US and European customers.

The Tesla Roadster is more than twice as enercy efficient as a Toyota Prius and delivers approximately 244 miles per charge. Tesla delivered over 100 Roadsters to customers in March, marking the first triple-digit delivery month in the company's history. Tesla delivered over 170 cars in the first quarter – more than the total delivered in 2008. Tesla has delivered about 330 Roadsters so far. The base price of the Roadster is $101,500 after a $7,500 federal tax credit.

Le Rallye Monte Carlo Late last month, the Roadster set another impressive a feat of 241 miles on a single charge of the Le Rallye Monte Carlo d'Energies Alternatives. And the Roadster still had an estimated 38 miles left on the charge! This appears to be an absolute record for a production EV.The challenging course, sponsored by l'Automobile Club de Monaco, went from Valence, France, to the Principality of Monaco. Terrain was mixed and included high-speed driving on highways, urban streets and up and single-carriageway roads that wind through the Alps.The Roadster was the only car to finish the rally after a modified Porsche 911 dropped out.

Tesla's is opening a regional sales and service center in London's popular Knightsbridge district. This will be the first of three European stores that they plan to launch this year. The London facility will open this spring at 49-51 Cheval Place, formerly the Segrave Supercar Club. The location is approximate to Harrod's department store and close to Heathrow Airport.

London Mayor Boris Johnson, a sports car buff and a fan of the Tesla Roadster, announced this week a plan to introduce 100,000 EVs and to build 25,000 charging stations in the capital. Prime Minister Gordon Brown said EVs would be one cornerstone of his economic recovery plan.

Information via Tesla Motors!

2011 Tesla Model S

This is really really BIG NEWS! Tesla Motors announced the Model S will be available for sale in 2011, they have started taking orders. Most people that read my blog are familiar with the Tesla Roadster. Tesla is a U.S. company that is at the forefront of automotive technology. During the current economic difficulties they have a backlog of orders for their high technology vehicles. Actually, they are producing the cars of the future now! Click here to go to the Tesla Model S website!

The Model S is a four door sedan but it can carry seven people and travels 300 miles per charge. Also, Tesla indicates that the Model S can carry more cargo than many SUVs. Apparently, the powertrain is in the floor, which gives the Model S a substantial amount of cargo room, the space under the hood is used as a second trunk.

Actually, it might be the worlds first mass produced highway capable electric vehicle! That is as long as it beats General Motors Chevy Volt or the Toyota Prius plug in to the market first. The Model S is strictly battery powered, it does not have an engine. Production will be at a new plant in Hawthorne, California, which is close to the LA International Airport.

Here comes the best part! The Model S carries a charger on board, and the vehicle can be charged from any 120V, 240V or 480V outlet. Using the 480V outlet charges the batteries in forty five minutes. Tesla indicates that the vehicle can be driven across country similar to a regular gasoline car.

The 0-60 time is under six seconds and has an electronically limited top speed of 130 mph. Pricing for the Model S starts at $57,400, a $7,500 federal tax credit helps to reduce the cost. Three different battery options will offer a range of 160, 230 or 300 miles.

Tesla is planning to come out with a model that costs $30,000. "Model S doesn’t compromise on performance, efficiency or utility -- it’s truly the only car you need,” said Tesla CEO, Chairman and Product Architect Elon Musk. “Tesla is relentlessly driving down the cost of electric vehicle technology, and this is just the first of many mainstream cars we’re developing.” Tesla is planning to open showrooms in London, New York, Miami, Seattle, Washington D.C. and Munich sometime this year.

My take on the Model S is this a game changer! It shows that a small company can produce a state of the art product with limited financing in an extremely difficult economic climate. This company will become a household name within the next couple of years. I will take mine in black!