Bob Lutz, the former GM executive dubbed Mr. Chevy Volt by one website for his efforts at developing the electric vehicle, isn’t buying what Elon Musk is selling when it comes to energy storage. In a CNBC appearance this week, he said the Powerwall is nothing new and “greatly overvalued,” the Gigafactory will give Tesla no real… Keep reading →
Tesla’s Elon Musk wowed the world with batteries for home and business energy storage late last month, but let’s not forget the guy is in the electric car business. Lux Research hasn’t forgotten. The Boston-based agency, pimping a new report on lithium-ion battery trends, said Panasonic and Tesla’s joint battery technology, brought to large-scale production at the… Keep reading →
Electric Vehicles today are considered to be more expensive to purchase than their Internal Combustion Engine counterparts. But the purchase price of EV’s versus ICE vehicles tells an incomplete story about the comparative costs. While none of the EV’s on the market today are cheap, they are competitively priced for their class of vehicle. The… Keep reading →
For months now there has been much secrecy and mystery surrounding the location of electric car revolutionary Tesla’s new $5 billion Gigafactory. The factory will supply cheaper batteries for the company’s Model 3 electric car and will be large enough to manufacture more lithium-ion batteries than the entire industry produces now. Due to its sheer… Keep reading →
News broke on Wednesday that Nevada had apparently won the five-state competition to land Tesla Motors’ vaunted Gigafactory. A boost in manufacturing prestige and 6,500 jobs are expected to result – but is it possible this giant battery plant of the future could turn out to be a white elephant? OK, Lux Research didn’t go… Keep reading →
It’s not quite full-steam ahead on a Reno “Gigafactory” for Tesla – but the electric car company did confirm that it has pushed around a lot of Nevada dirt, while also keeping its options open in Arizona, California, New Mexico and Texas. This revelation came in the company’s second quarter 2014 shareholder letter [PDF], issued… Keep reading →
