Editor’s Note: Related tickers: Tesla Motors Inc (NASDAQ:TSLA), SolarCity Corp (NASDAQ:SCTY)
Owners of Tesla Motors Inc (NASDAQ:TSLA)‘s all-electric Model S sedan will be able to charge their cars for free soon at a “supercharger” station in San Marcos. Tesla Motors Inc (NASDAQ:TSLA) announced Wednesday that it would debut the charging station on Aug. 20 at the San Marcos Premium Outlets, according to a news release. It will be Tesla Motors Inc (NASDAQ:TSLA)’s first Supercharger in Texas. With only 17 other stations across the U.S., the Palo Alto, Calif.-based automaker said Superchargers provide half of a full charge in 20 minutes and allow drivers to travel for about three hours. The company plans to open four more stations in the state before the end of 2013, with its second opening in two weeks in Waco, according to a spokesperson.
Al-Farabi and Elon Musk (HurriyetDailynews)
Living in Turkey is amazing on many levels, but it has its downsides. When you live in Istanbul, if you don’t put in a special effort, you can get sucked into too much locality. There are so many issues in Turkey, about daily life that you can forget what is happening outside of your little world. You can loose sleep over government policies that diminish freedom of speech, the impossible Fatih tender or the social media screening that is going on. All in all, you can lose sight of the broader picture very easily. While government supporters are busy trying to dominate social media outlets with an outcry to lynch Mehmet Ali Alabora, Elon Musk reminded me of why I love technology.
Raising Tesla’s Estimates Following Positive Sales Guidance (Trefis)
Tesla Motors Inc (NASDAQ:TSLA) beat the market expectations yet again in its recent earnings announcement. The company announced a profit of 20 cents a share (non-GAAP) on revenue of $552 million. What really stood out was the automaker’s guidance of selling 40,000 Model S cars on an annualized basis by the end of 2014. The automaker has only begun to expand internationally, and we estimate selling those many number of cars within the given time frame is pretty impressive. After the second quarter earnings, we have revised our price estimate for Tesla Motors Inc (NASDAQ:TSLA) to $84 per share Following the guidance given out by Tesla Motors Inc (NASDAQ:TSLA) for its Model S sales in 2014, we have upped our long term forecasts for the number of the Model S sales.
Tesla Model S Quality Control, World Class Final Inspection (GreenOptimistic)
Elon Musk expects that his clients won’t mind the wait. Previously, he was overseeing and personally involved in the final quality checks of every single Tesla Motors Inc (NASDAQ:TSLA) Model S that rolled out the doors, but as CEO of a highly successful electric vehicle manufacturer, he’s got plenty of other things on his plate. After all, future Tesla Motors Inc (NASDAQ:TSLA) Models, SpaceX, and SolarCity Corp (NASDAQ:SCTY) won’t develop themselves. Fortunately, removing Mr. Musk from the scene in person hasn’t diminished in the least his vision for Tesla Motors Inc (NASDAQ:TSLA) quality. The five-hour final inspection for each Tesla Motors Inc (NASDAQ:TSLA) Model S covers all the usual things, such as interior and exterior panel fit and finish, paint quality, electronic and electrical systems check, which you would expect.
Tesla Chief Proposes 600 MPH ‘Hyperloop’ Train (InfoPackets)
Elon Musk, the head of Tesla Motors Inc (NASDAQ:TSLA) and several other companies, has unveiled a design for a train that could get from Los Angeles to San Francisco in just half an hour. Musk described the solar-powered ‘Hyperloop’ train as a cross between a Concord jet and an air hockey table. Musk says he came up with the design because he was disappointed by the California government’s plans to spend $68 billion on a more traditional high-speed rail link that would make the LA-San Francisco trip around two hours and forty minutes long. He argues that’s too much time given the project’s enormous cost.
