Today

TSLA: 247.69

9.06
Stock Chart

The long-awaited Tesla Model X, which will launch on September 29th, could become a very popular vehicle with American business owners, not just because of its signature ‘Falcon Wing’ doors or the ‘sculptural beauty‘ of its second row seats, but because it could actually be a great bargain despite of its $80,000 starting price.

Beyond the $7,500 federal tax credit offer at the purchase of electric vehicles and other tax incentives at the state level, the Model X’s weight and capacity could make it eligible to the $25,000 tax deduction for heavy vehicles under Section 179, also known as the ‘Hummer Tax Loophole’… expand full story

Yesterday

TSLA: 247.69

9.06
Stock Chart

In the midst of announcements surrounding its upcoming Model X vehicle, Tesla CEO Elon Musk today confirmed that the company plans to begin production of a new “Model 3” vehicle in approximately two years. It also plans to open up preorders mid next year as it reveals starting prices for both the upcoming Model X and Model 3.  expand full story

Image with 2013 Tesla Model X open

Tesla’s all-electric SUV, the Model X, made the headlines yesterday when the company opened its online design studio for early reservation holders to configure their car, but reservations were for the “Signature Model X” which comes already loaded with options bringing the price to $132,000.

The expensive price-tag raised a lot of eyebrows, but today Tesla CEO Elon Musk took to Twitter to clarify the situation and confirmed the Model X has a $5,000 price difference with the Model S for the same options. expand full story

France-based automaker Peugeot announced a new electric vehicle concept: the Fractal. The vehicle is only an early concept and the specifications should be taken with a grain of salt. Early renderings show an interesting design for the small 2-door coupé which the company aims at making very light, weighting in at only 1,000 kg (2,205 lbs). expand full story

Electric vehicles are here to stay, there’s very little doubt about that at this point, but which automakers are making sure that EVs are not a fad, but a trend? A new report from EV-Sales, a website tracking electric vehicle sales through car registration data, compiled the top automotive groups selling EVs in volume. expand full story

Today Indianapolis is officially launching BlueIndy, its all-electric car sharing program. The program has been in the work for quite sometime now, but today 25 stations hosting up to 5 cars each are up-and-running.

BlueIndy is modeled after the car sharing programs, like Autolib in Paris, operated by the Bolloré Group in Europe and it uses the same car, the Bluecar, manufactured in partnership between the France-based Bolloré Group and the Italian automotive company Cecomp. expand full story

September 1

TSLA: 238.63

-10.43
Stock Chart

Tesla Motors released more information about the Roadster battery upgrade in an email sent to owners today. The new battery pack will have 40% more energy than the previous version, but it will be heavier therefore allowing a 35% increase in range. The pack will be hand-built at low volume and Tesla doesn’t aim at making a profit on the upgrade, which will cost $29,000 including labor.
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