Electric

Chevy sets Spark EV price below 20 grand

Forget pricey Teslas; Chevrolet announced pricing for its Spark EV model at $27,495. If a buyer qualifies for the full federal tax credit of $7,500, that price drops to $19,995.

The Spark EV goes on sale in June but will be limited to California and Oregon. California owners will be able to apply further credits up to $2,500. Oregon may be less friendly, as the state considers charging electric car owners a special per-mile tax.

Chevrolet's announcement also notes that dealers can offer lease deals for $199 per month, and that the Spark EV will … Read more

Invasive crazy ants have a taste for technology

It sounds like an old black-and-white monster movie. Crazy, tech-nesting ants invade America! That would make for a great matinee, but it's oh so very real. Tawny crazy ants, known scientifically as Nylanderia fulva, are marching into territories once dominated by fire ants -- and they're not being very good neighbors.

While fire ants have made their sting notorious, tawny crazy ants have a propensity to infiltrate unwelcome places en masse. They're making fire ants look positively polite. The South American native ants are attracted to electronics in particular. Once inside, they create short circuits, says University of Texas research assistant Edward LeBrun.

"When they get electrocuted, they release an alarm pheromone," he says, adding that this attracts more ants and exacerbates the problem.… Read more

Tesla stock revs up after first profitable quarter

Tesla's stock is on a roll following the electric car company's blockbuster first quarter.

As of about 9:15 a.m. PT Thursday, shares had already risen almost 25 percent in trading, reaching close to $70 apiece.

Investors were clearly geared up by Tesla's first-quarter results, in which the company reported a profit of $11 million, its first time in the black since it launched 10 years ago. The company also witnessed an 83 percent jump in revenue, which hit $562 million.

Some Apple talk may also have aroused investor interest.

In an interview with Bloomberg published … Read more

Tesla hits first profitable quarter ever

In his quarterly earnings letter to shareholders on Wednesday, Tesla CEO Elon Musk announced that "Tesla reached profitability in the first quarter of 2013 for the first time in our 10-year history."

Not only did the electric car company exceed analyst expectations, but Musk said (PDF) Tesla even outdid its own expectations for deliveries and gross margin. The company reported adjusted earnings of 12 cents per share on revenue of $562 million, which is far higher than the expected 3 cents per share. Its profit was $11 million after charges.

Tesla's total revenue for the first quarter … Read more

Tesla eyes 'autopilot' partnership with Google

Tesla, the electric car maker, has been in talks with Google about the development of a self-driving car, the former's CEO revealed Tuesday.

In a Bloomberg interview, Tesla CEO Elon Musk said that his company has "had some technical discussions with Google" about the search giant's self-driving car technology. However, he pointed out that the technology that Google uses, which is based on laser sensors to detect what's around, is too expensive to be feasible anytime soon.

Instead, Musk told Bloomberg, he'd like to see a camera-based system that "sees" what's … Read more

Tesla alters financing following criticism

Last month Tesla said a new financing arrangement would make the Model S cost a mere $500 a month. Following critique in the press of Tesla's creative accounting, CEO Elon Musk announced revisions to the financing plan, now citing a net cost of $580 per month.

The two substantive changes to Tesla financing involve a revised resale value guarantee and longer term loans from partners Wells Fargo and U.S. Bank.

With the longer term loans, Tesla says the per-month cost of a Model S will be $580, taking into account the savings gained by running the car on … Read more

Crave Ep. 118: Memory foam chair expands when hot

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A Belgian artist has invented a memory foam chair that expands when heated up. Plus, we take a look at a $1,500 solar-powered scooter and try on the Predator Helmet. All that and more on this week's super-futuristic episode of Crave. … Read more

Tesla offers loaner cars, valet service

Tesla announced today that it would offer its high-end Model S Performance edition, with an 85 kilowatt-hour battery pack, and the Roadster as loaner cars for when owners' cars are being serviced. As Tesla sells cars directly to owners, the company, rather than a dealer, handles all service and loaner-car issues.

No matter what Model S version is in for service, owners will have their choice of the Model S Performance edition, which retails for $87,400, or one of the older Roadster models as a loaner car. Further, Tesla said it will let owners who would like to upgrade … Read more

Tesla plans big announcement that Model S owners 'will like'

There's the possibility that Tesla may be looking to make its luxury all-electric cars a tiny bit more affordable. The company's CEO Elon Musk tweeted Thursday that Tesla will announce some big news on Friday.

Announcement of new @teslamotors strategy tomorrow. Tesla owners will like this.

— Elon Musk (@elonmusk) April 25, 2013

While no further information is given, this tweet does offer some clues into what Musk may be suggesting. The fact that he mentioned it will be something "Tesla owners will like" harkens back to a similar tweet from last month.

After tweeting about an … Read more

Formula E electric-car race adds Los Angeles venue

Los Angeles, once known for its smog, has signed on with the all-new Formula E racing organization to host one of the worldwide series of 10 electric-car races, kicking off next year.

Los Angeles joins Miami; London; Rome; Beijing; Rio de Janeiro; Putrajaya, Malaysia; and Buenos Aires, Argentina, in hosting races in the series. Two more cities in the series have yet to be announced.

The Formula E organization demonstrated one of its electric race cars in Los Angeles on Monday.

Although Formula E intends the series to be open to competitive build teams, the organization has contracted Spark Racing … Read more