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NextEV raised half of the $1 billion it seeks to launch its electric vehicle lineup

Chinese startup NextEV raised about half of the $1 billion it seeks ahead of launching its electric vehicle lineup according to Bloomberg. Last month we wrote about NextEV coming out of stealth to reveal its plan to “disrupt” the electric vehicle market with yet another electric supercar and today we learn that the company is extremely well-funded by big-name VC firms: Sequoia Capital and Joy Capital.
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Tesla to bring ‘Destination Charging’ to Europe

Tesla Motors operates two kinds of charging networks: the Superchargers, a network of DC fast charging stations for long distance driving, and the Destination Charging network; level 2 chargers installed at restaurants and hotels to charge once you arrived at your destination.

While the Superchargers have been available in all markets Tesla operates in, Destination charging has only been available in North America and Asia. Today Tesla announced via Twitter that the program will come to Europe “soon”.
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A Tesla Model S 85D owner traveled over 550 miles on a single charge

Casey Spencer, a Tesla Model S owner, set a new record for the longest distance traveled on a single charge in a Model S by driving 550.3 miles in 26 hours. Spencer surpassed Bjorn Nyland’s record of 452.8 miles set just last month. Although Nyland used a Model S P85D, while Spencer used his Model S 85D.


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Following the acquisition of Seeo, Bosch expects to bring solid-state battery cells to market in 5 years

Last month Bosch reported the acquisition of battery maker start-up Seeo , today the auto part and electronic giant released more details about its plan for battery production going forward. Bosch expects to bring to market Seeo’s solid-state battery cells within 5 years.
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Tesla says its Supercharger network has seen a 5x increase in used for road trips

Earlier this year we wrote about the impressive growth of Tesla’s Superchargers, a network of DC fast charging stations for the company’s electric vehicles, now Tesla says its network has seen a 5 times increase in used for road trips over last summer.

Electric vehicles have long been thought to be impractical for long distance driving due to their generally short-range capacity, but Tesla installs its stations at strategic intervals along popular routes and combined with the Model S’ 200+ miles range, Tesla owners can have interesting road-trip experiences. 
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Tesla to reportedly get preferential treatment in Beijing’s system for licence plates

According to a report from the South China Morning Post, sources close to the municipal transport authorities are saying that Beijing will update its lottery system for issuing licence plates in order to put Tesla Motors on a “special list of new energy cars”, which should make it easier for Tesla owners to get a license plate in the Chinese capital.
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Tesla CEO Elon Musk will be in Germany during the Frankfurt Motor Show

During a visit in Berlin at the end of the month, Tesla CEO Elon Musk is scheduled to meet Sigmar Gabriel, German Minister for Economic Affairs and Energy, for a public conversation titled “Economy for Tomorrow”.  The CEO’s visit in Germany coincides with the popular Frankfurt Motor Show (IAA), which runs from the 17th to 27th of September.

Tesla is not expected to bring anything new to the Frankfurt Motor Show considering the company’s predilection for unveiling products at their own events instead of at industry shows…
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China’s auto giant BAIC opens its R&D center in Silicon Valley to develop electric vehicles

The Chinese auto giant Beijing Automotive Industry Holding Co, through its Beijing Electric Vehicle Co subsidiary, opened a research and development center in Silicon Valley. The center will be dedicated to electric vehicle research.

In its current “launch phase”, the R&D center has just over 20 employees and the company expects them to develop “4 to 6 models per year”.
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California lawmakers abandoned drastic fuel economy provision from the Clean Energy and Pollution Reduction Act

During a press conference late Wednesday night, Governor Jerry Brown announced that California Democratic lawmakers abandoned the drastic fuel economy provision from the Clean Energy and Pollution Reduction Act, which is currently being discussed in the State Assembly.

The provision in question was a requirement for a reduction of 50 percent of fuel used in cars and trucks in the state by 2030, which would have forced automakers to improve fuel efficiency and offer more electric vehicles in the state of California.
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Tesla CEO Elon Musk appears on Colbert’s Late Show – talks about nuking Mars [Video]

Tesla CEO Elon Musk went on Stephen Colbert’s Late Show last night for a quick interview about his ongoing projects. Musk didn’t reveal any new information about Tesla or SpaceX, but he did talk about how we could terraform Mars – hint: it involves dropping nuclear weapons on the poles – and he also talked a little about Tesla’s robot charging station. Unfortunately we didn’t learn much new about the cars but we did get to see what the Tesla CEO drives [hint: It is the same vehicle as Colbert] and his security detail after the show.

Video of the show and the after show both below:
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SolarCity signed a 52 MWh solar energy storage deal to power Kaua’i with solar energy when the sun is down

SolarCity announced today that the company signed a power purchase agreement (PPA) with Kaua’i electric utility (KIUC). SolarCity already built a 12-megawatt solar array for KUIC which  went into operation in September 2014 and now supplies 5% of the island’s electricity, but under the new deal, the California-based solar installer will develop a new solar array and a massive 52 MWh energy storage system to provide electricity when the sun is down.
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Morgan Stanley doubles down on Tesla’s ‘Uber-like’ service – says Tesla should announce plans early 2016

On Tuesday, Morgan Stanley analyst Adam Jonas issued a new note on Tesla Motors reiterating an “overweight” rating and a price target of $465. Tesla’s stock closed at $248 per share Tuesday – representing a 86% potential upside. In the note, Jonas doubled down on his prediction disclosed in a previous note saying that Tesla will launch a “Uber-like” service to compete in the ride-sharing/taxi market, which he refers to as “Tesla Mobility”.

He said he would be “surprised” if the company didn’t explain their plan for such a service before the unveiling of the Model 3, which is expected in March 2016.
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Russian government will force gas stations to offer electric vehicle charging by the end of 2016

In an effort to stimulate the electric vehicle market in Russia, Prime Minister Dmitry Medvedev signed a decree requiring the owners of gas stations to install charging equipment for electric cars at their gas stations by Nov. 1, 2016 according to the Moscow Times. The requirement could very well be the most drastic government action to encourage electric vehicle infrastructure in any country.
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A drone flies over Tesla’s Gigafactory and shows important progress: walls are coming up [Video]

A video posted to Youtube today gives us the most recent look at Tesla’s battery factory under-construction in the Nevada desert. For the first time we see the walls of what could become the biggest building on earth. In the latest drone fly-by video, we could only see the barebone steel structure.

The company plans to significantly reduce the cost of batteries through economy of scale by producing 50 GWh of battery packs at the ‘Gigafactory’. Tesla expects to produce the first battery packs at the factory during the first quarter of 2016.
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Why is Tesla hiding the front-end of the Model X?

Last week Tesla opened the online design studio of its upcoming all-electric SUV, the Model X, to a select few reservation holders. Bringing online the design studio gave us a chance to see the final design of the Mode X, especially a great look at the interior, but Tesla didn’t include a 360 degree view of the vehicle and the company is intentionally not showing the front-end (see picture above).

We have seen so many spy-shots of Model X prototypes in the past few months that there’s little left to the imagination at this point, but Tesla might still have a few surprises for us…
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San Antonio denied Tesla’s plan for a showroom over water contamination concerns

Last month Tesla’s plan for a showroom and service center in San Antonio was denied approval by the city zoning commission over concerns that Tesla’s battery packs could potentially contaminate the local water supply. The commission denied the proposal despite the recommendation of San Antonio Water System (SAWS) which approved Tesla’s project.

The project was up for another vote last week, but Tesla pulled the proposal to work on some the details ahead of more concerns leading up to the vote…
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Tesla’s Model X had a record month for reservations – could have as much as ~27,000 ahead of launch

Paul Carter, TMC Model X moderator and a Canadian Signature reservation holder, posted his monthly Tesla Model X reservation tally update and revealed that August was Tesla’s best month in over 3 years for Model X reservations, which bodes well ahead of the vehicle’s September 29th launch.

The tally relies on reservation numbers posted by new reservation holders on the Tesla Motors Club forum. Members post their sequence number for their region and version of the vehicle (signature or production). A summary tally of the highest numbers reported to date is regularly updated to show the current tally total.
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Musk says Tesla’s referral program “seems to be working” and they are removing the 10-referral limit

In an email to Model S owners today, Tesla CEO Elon Musk confirmed the company’s new referral program “seems to be working” and they are removing the 10-referral limit. More than 9 Model S owners have already referred 10 or more leads which turned into sales.

The company is also adding one more reward to the program. Now not only the first owners to get to 10 referrals in each region (North America, Asia and Europe) will get a free Model X, but the customer who makes the most referrals by the end of the program in October will be able to trade their current Model S for a brand new fully loaded Ludicrous P90D Model S for free.
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Mercedes is planning a new 250 to 310 miles electric vehicle says Daimler’s Chief of R&D

In an interview with German magazine Auto Motor und Sport, Daimler’s chief of research and development Thomas Weber confirmed the company is currently working on a next generation electric vehicle with a range of “400 to 500 km” (250 to 310 miles).

Daimler already sells a few electric vehicles, like EV versions of the Smart or the Mercedes B class, but the automaker as yet to build a fully electric vehicle from the ground up. It’s not entirely clear from Weber’s comments if the concept will be a completely new electric platform, but it sounds more likely than not…
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New pictures from Hyperloop Technologies show progress on this exciting new mode of transport

The Hyperloop is a new mode of transport consisting of a reduced-pressure tube in which pods powered by solar energy can travel at extremely high-speed due to the low pressure. Two years ago the Hyperloop was only a white paper published by Tesla and SpaceX CEO Elon Musk, but now two independent companies are working hard to make the project happen.

One of these companies is Hyperloop Technologies, which posted pictures showing decent progress on the new mode of transport…
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Tesla Model X will potentially be eligible for $25,000 in tax deduction

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’…
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Elon Musk confirms the Tesla Model X will start at $80,000 – deliveries start Sept 29th

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.
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