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Tesla's road to success lies abroad and is lined with Superchargers
2013 has been a good year for Tesla, as the pool of Model S owners has grown considerably -- 19,000 of the cars are currently on the road, and the company's building 550 more every week. While this has led to Tesla turning a profit for the first time and paying off its governmental loans, Elon Musk isn't satisfied to sit back and watch his balance sheet gradually shift from red to black. Expansion, always, and in all ways (albeit carefully and deliberately) is how he goes about his business, and the automaker's most recent letter to shareholders and Musk's statements on its most recent earnings call bear that philosophy out.
Tesla opens London showroom, outlines broader UK plans
Tesla now has an official retail footprint in the UK. The EV maker has just opened its first British showroom in London's Westfield shopping center, giving locals a chance to buy the Model S (including next year's £55,000 right-hand drive variant) in person. The store is just the beginning of Tesla's inroads into the country, though. As part of an opening gala Q&A, Elon Musk said that his company was already mapping the UK for Supercharger stations. He also expects that the Model X SUV will reach the UK in late 2015 or 2016, and hopes that Tesla's long-planned lower-cost EV will come in roughly three years for about £30,000. That's an ambitious plan when Tesla barely has a presence outside of North America, but Musk has a knack for completing large-scale projects.
Elon Musk wants to put a Tesla engine inside James Bond's submersible Lotus
Tesla's CEO has apparently dropped $866,000 on the amphibious Lotus Espirit from The Spy Who Loved Me. His intent? He wants to turn the prop car (which never actually swam) into a true aquatic vessel, courtesy of a Tesla electric powertrain. At this point, we're just wondering what's left for Musk to experiment with -- have land and space bored him already? [Image credit: Karen Roe/Flickr]
Tesla Model S catches fire after battery puncture, Musk responds
A Tesla Model S caught fire on the highway recently after its bottom-mounted battery compartment was struck by a piece of metal. That piece of metal punched a three-inch hole through quarter-inch armor plating, impaling the car with a "peak force on the order of 25 tons" according to company CEO Elon Musk's post on the Tesla blog. Even after firefighters punctured the battery's protective cover to extinguish the fire, it never reached the passenger compartment. For his part, Musk was quick to note how low the fire ratio is in his EVs compared to traditional autos; one for every 100 million miles driven in a Tesla, while one gas-powered vehicle catches fire for every 20 million miles traveled. There's even an email thread between the affected owner and Tesla's VP of sales and service at the source, too. Spoiler alert: The company offered the owner a white loaner model for the interim. [Image source: AJ Gill / YouTube]
SpaceX launches new Falcon 9 rocket with 60 percent stronger engines (video)
While most of the news about SpaceX has surrounded the Grasshopper lately, the firm has been plugging away at its Falcon rocket, too. This just-launched Falcon 9 (dubbed version 1.1) boasts 60 percent more powerful engines, longer fuel tanks and according to the Global Post, other new features that were designed to boost lift capacity and "simplify operations for commercial service." To that end, the spacecraft was carrying a science and communications satellite for Canada's MDA Corp. when it left Earth's atmosphere. The take-off comes just over five years after the first Falcon's departure, and its itinerary will take it around both poles. Just remember, for a cool $56.5 million you too can send a Falcon 9 into space.
Former SpaceX director Marco Villa joins Hyperloop development team
When it was unveiled a few weeks ago, Elon Musk's Hyperloop project sounded almost too good to be true. Dr. Marco Villa, former director of mission operations at SpaceX, was among those who didn't get the memo from the naysayers, as he's just joined a team set on elevating Hyperloop from fantasy to reality. The crowd-sourced startup platform JumpStartFund enabled the group's formation after the Hyperloop plans were posted there in August; since then, a handful of talented individuals, led by Villa, received permission from Musk to work on developing the project. Joining Villa on the mission to make your high-speed travel dreams a reality is Dr. Patricia Galloway, who once served as president of the American Society of Civil Engineers (and was, notably, the first woman to hold that title). While the rail line is still a long way away from fruition, Villa seems optimistic, stating, "There does not seem to be any technical issues on this project that we can't solve, even if we do not know right away, we will figure it out."
Tesla's 'autopilot' car project targets 90 percent of miles driven, three years from now
Tesla CEO Elon Musk has discussed the company's ambitions to build a self-driving car on more than one occasion, and now he's revealed a bit more about its plans. After reports today about a job listing for an Advanced Driver Assistance Systems Controls Engineer, he spoke to the Financial Times and confirmed the company is working on a form of autopilot in-house. Expressing his opinion that fully autonomous cars may be a bit too difficult to achieve right now, he said Tesla "should be able to do 90 per cent of miles driven within three years." Other major car companies -- Mercedes, GM, Volvo and Continental, just to name a few -- have projects for either full or partial car self-control, but they're still under development for reasons both technical and legal. Also hanging in the balance is Google's autonomous car project, although from Musk's statements it appears Tesla has decided to go its own way on the technology. The three year target is an ambitious one, but we'll put this one somewhere between Iron Man and Hyperloop on the Musk scale. Update: Musk has taken to Twitter, describing Tesla's "intense effort" to create a practical autopilot system for the Model S and reaching out for engineers interested in the project. The CEO says Tesla's setup uses "360 degree flush mounted cameras + radar" with software and hardware level image processing to put all the information together.
Elon Musk shows off Iron Man-style rocket design with gestures and 3D printing (video)
In another confirmation that Elon Musk lives life differently from the rest of us, he's just posted a new SpaceX video that's straight out of a sci-fi movie. In it, he demonstrates designing parts for a rocket the company could use just with hand gestures using a Leap Motion controller. After that, we move to a 3D projection of the part, free standing glass projection just like Iron Man, and even an implementation with the Oculus Rift VR headset. While much of its appeal is watching a billionaire play with the latest tech toys, the video gives a peek at what's possible with technology that's actually available to a rapidly growing number of people. Inspiring stuff -- we'll see if we can finish the Hyperloop concept with a Kinect and an old Virtual Boy.
Weekly Roundup: Smartphone buyer's guide, Hyperloop, Windows 8.1 release date, and more!
You might say the week is never really done in consumer technology news. Your workweek, however, hopefully draws to a close at some point. This is the Weekly Roundup on Engadget, a quick peek back at the top headlines for the past seven days -- all handpicked by the editors here at the site. Click on through the break, and enjoy.
Daily Roundup: HTC kicks off $1 billion rebrand, Elon Musk's Hyperloop, Liquid E2 review, and more!
You might say the day is never really done in consumer technology news. Your workday, however, hopefully draws to a close at some point. This is the Daily Roundup on Engadget, a quick peek back at the top headlines for the past 24 hours -- all handpicked by the editors here at the site. Click on through the break, and enjoy.
Elon Musk details Hyperloop: public transit via aluminum pods and electric motors
Elon Musk is into transportation, whether it's an electric car or a spaceship. Today, he detailed a plan to revolutionize a portion of public transit. It's called the Hyperloop, and it's meant to get folks from SF to LA (or any two cities less than 900 miles apart) in 30 minutes seated in aluminum pods that are hurtled to and fro at 800 miles an hour in a pair of steel tubes. To keep things safe, pods will be spaced five miles apart so that they can stop without running into each other, which means a total of 70 pods could operate simultaneously. Of course, the real question is how to get the pods moving at those speeds? One main issue with such transport is wind resistance (and associated friction) that increases as the speed of the pods inside the tube escalate. Naturally, one could operate the tubes in a complete vacuum to eliminate the problem, but keeping such a system free of air would be difficult over such long distances. Instead, the proposed Hyperloop system works as a low air pressure environment that is easily maintained with standard commercial compressors. Additionally, "an electric compressor fan on the nose of the pod that actively transfers high pressure air from the front to the rear of the vessel" is there to relieve what air does build up at the front. This compressor fan would also generate an air bearing around the pod to keep it suspended in the middle of the tube, much as an air hockey table suspends a plastic puck. As for power? Well, that comes from external linear electric motors positioned every 70 miles to keep the pods humming along at subsonic speeds.
Elon Musk vs. Jeff Bezos: Billionaires bid for NASA's space shuttle launchpad
Here's an epic fight that won't take place inside the octagon: Jeff Bezos and Elon Musk are apparently competing to take over a NASA launchpad... and instead of dishing out jiu-jitsu moves, they're letting money do the talking. In particular, the dotcom billionaires' space companies, Blue Origin and SpaceX, are bidding for Kennedy Space Center's historic Launch Complex 39A -- site of NASA's first and last space shuttle blast-off. Each company's plan for 39A is to launch both unmanned missions and shuttles carrying commercial customers and astronaut crews into space. Bezos' Blue Origin, however, also aims to turn it into a multi-use facility where other companies can launch their rockets for a price. NASA's keeping bidding details on the down low, but seeing as it wants to offload 39A in October to save money, we'll know soon enough who'll win this battle of the dollars.[Image credit: NASA]
SpaceX shows off new nav gear with latest Grasshopper rocket launch-and-landing (video)
We've been watching as the SpaceX Grasshopper's leap has grown higher and higher with each successive launch (and landing!), and the rocket's flights never fail to impress. The reusable spacecraft's latest test is no exception: this time, the 'hopper sailed past its previous 840 feet record, stopping at 1,066 feet. According to the company, the launch had a "more precise" landing thanks to new sensors that measure distance between the ground and the vessel. It shows. The touch-down is both noticeably smoother than previous efforts and drama free compared to Russia's explosive incident in Kazakhstan. The private spaceflight company's latest video is after the break -- do yourself a favor and watch it in HD.
Elon Musk reveals Tesla's Supercharger network will triple its coverage area this month
Elon Musk is being interviewed tonight at the D11 conference, and gave an early preview of news coming tomorrow: his company's Supercharger EV stations will be available in more areas soon. The network will triple its coverage area this month, and he predicts Tesla owners will be able to drive from LA to NY using only Superchargers by the end of 2013. As he mentions, the company is adding more density to "well-traveled routes", as well as increasing overall coverage, but we'll have to wait until tomorrow to get a map. That's all consistent with promises made at the network's launch, when he said it will allow the Model S to drive across the country for free. Another thing making that easier is an incoming software patch for the cars that will let drivers route directly to the nearest Supercharger -- perhaps Tesla can get John Broder to give it a shot first. There's going to be a dramatic acceleration of the supercharging network. By the end of next month, we'll triple the supercharger coverage area. There's a map that'll go live tomorrow, obviously. By the end of this year -- you'll be able to drive from LA to NY just using the supercharger network. We're improving the density of superchargers in well-traveled routes, as well as the overall coverage area. Follow along with our liveblog right here. Update: The full video of Musk's interview at D11 is now available after the break. Enjoy!
Musk: $35,000 Teslas might be three years away, will be 20 percent smaller
We can't argue that the Tesla Model S is not only a great achievement in the EV industry and a looker as well, but there are still a lot of people unconvinced by the $70,000 sticker price ($60k, if you count the tax credits). CEO Elon Musk is definitely aware of that particular concern, and stated tonight at D11 that there's a very good chance we'll see Teslas in three years for half the price -- and 20 percent smaller, to boot. Speaking with Kara Swisher and Walt Mossberg, Musk mentioned he started the company with a three-step strategy to get to mass market, with the Roadster and Model S being the first two steps. The third step, naturally, would be to offer options that are more affordable: according to Musk, "I think every major product needs at least three iterations to get to the mass market -- I know cellphones have had much more than that." While we wait for 2016-17, we'll start saving some of our pennies, but fortunately we may not have to pinch all of them.
Elon Musk, CEO of Tesla Motors and SpaceX, live at D11
Elon Musk is a busy man. He's also a man who isn't afraid to speak his mind, as we found out during his SXSW keynote earlier this year. This evening, he's capping off a day of interviews at D11 with one of his own. As CEO of both Tesla Motors and SpaceX, he knows a thing or two about transportation -- both within this atmosphere and beyond. Grab a cup of cocoa and join us after the break as we cover it live, won't you?
Tesla turns a $15 million profit in Q1 2013 on $562 million in revenue (update)
Despite a bit of bad press for its Model S and a less-than-ideal close to the 2012 financial year, things have been looking up for Tesla. Sales are on an upward climb, company CEO Elon Musk has sworn to deliver more superchargers, better service for customers and continues to tout his EV's high resale value. After promising in Q4 of 2012 that Tesla would turn a profit the next quarter, the EV manufacturer has done so -- generating $15 million in net income and $562 million in revenue in Q1 2013. During the first quarter the company built 5,000 Model S cars, and is scheduled to build the same number in Q2 to keep pace with the 20,000 orders expected this year. To better service all those vehicles, Tesla opened 12 new service locations in Q1, with 18 more to come online by the end of 2013. Additionally, the company plans to start deliveries of Teslas in Europe in Q3. An investor call with Mr. Musk will be starting shortly, and we'll update things here should he have any other news to share. Update: During the call, Musk said that the company plans to build upon its newfound financial success by continuing to focus on increasing production efficiency for the Model S -- which is why the Model X has been delayed until late 2014. He also made mention of the fact that roughly half the folks buying the 60 kWh Model S are upgrading to supercharging hardware at purchase (85kWh cars have it standard), and he expects that number to grow as the Supercharger network grows in 2013.
Tesla ups longest financing term from 63 to 72 months, guarantees highest resale value of any premium sedan
Last week, Tesla gave some good news to owners of its electric autos -- an unconditional warranty on Model S power packs and the availability of Roadsters and Model S's as loaner models should your EV be laid up for repairs. Today on a media call, Elon Musk announced a new financing option for would-be buyers and informed us that Teslas have a higher resale value than any other car. Because of this, Musk is personally guaranteeing that his cars will have a higher resale value than those from major luxury brands like BMW, Audi and Jaguar (which broadens the guarantee beyond the old one that had the value pegged to the residual value of a Benz S-class). Additionally, the company is now upping its longest financing option from 63 to 72 months to make it easier for folks to get in the driver seat.
The Weekly Roundup for 04.01.2013
You might say the week is never really done in consumer technology news. Your workweek, however, hopefully draws to a close at some point. This is the Weekly Roundup on Engadget, a quick peek back at the top headlines for the past seven days -- all handpicked by the editors here at the site. Click on through the break, and enjoy.
The Daily Roundup for 04.05.2013
You might say the day is never really done in consumer technology news. Your workday, however, hopefully draws to a close at some point. This is the Daily Roundup on Engadget, a quick peek back at the top headlines for the past 24 hours -- all handpicked by the editors here at the site. Click on through the break, and enjoy.
