Monday, June 30, 2008

Say plug me in not fill me up!

I’ll take plug me in over fill me up!
225 miles per charge..California get electric car...

BY Terry Bankert 7/01/08 to 7/7/08
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Great information from caring people in Michigan USA
Michigan Liberal

Discussion of right to bear arms and a weeks review of Good Mornign Flint and was Judge Neithercut Right? trb

**** REFLECTIONS: There will be many more electric car opportunities, this is the future. Is Michigan doing all it can to capture the alternative transportation energy efficient industries? [trb] ****

POSTER CHILD GROWS UP TO FLIGHTY TEMPTRESS Telsa Motors once a poster child for a green manufacturing revolution in New Mexico, will not break ground in the state. [nm] The San Carlos, Calif., electric car start-up, which had agreed to build a $35 million plant on Albuquerque's Westside to build the $60,000 four-door, five-passenger Model S sports sedan, announced Monday that the vehicle would be manufactured in California [nm]

HE CAME BACK... In a surprise move, Tesla Motors will build its electric-car factory in the Bay Area, not New Mexico as previously announced, Gov. Arnold Schwarzenegger said today. [m] Most people know Tesla for its fancy electric sports car ..., which can be glimpsed driving down highway 101 near its discreet headquarters in San Carlos. But with $146 million in the bank, Tesla plans to expand into a more mainstream market with a $60,000 sedan, slated for production in two years. [w]

BAITED WITH BREAD Schwarzenegger, along with State Treasurer Bill Lockyer, said California was able to provide Tesla with incentives, including the waiving of state sales tax on $100 million worth of manufacturing equipment, to entice the company to build its assembly plant here. [m] While New Mexico offered a $7 million incentive package to locate the factory there, California upped the ante by offering sales tax exemption for the purchase of manufacturing equipment, and by providing grants for the training of new employees. [w] Toni Balzano, spokeswoman for New Mexico Economic Development, said none of the once-decisive $7 million infrastructure incentives from the state of New Mexico -- $4.5 million of it approved in the last legislative session -- had been spent. [NM]

HE DID IT RIGHT "We want these cutting edge companies not just to start in California and do their research and development here. We want them to build in California," said Schwarzenegger who toured the Tesla headquarters with Lockyer today before his announcement.[m] Unfortunately, it doesn't appear as though Tesla will actually unveil the sedan itself. [w]

SOON TO PICK A CALIFORNIA SITE The exact site has not been selected, but a decision between two locations should come soon, said Darryl Siry, a Tesla vice president. The company will seek a location not too far from its San Carlos headquarters so that its engineers can travel back and forth. Lockyer said Tesla had looked in Hayward, but has now rejected a location there.[m]

AN INDUSTRY ACTUALLY LOOKING FOR AN ENTERPRISE ZONE If Tesla were to choose to locate in one of California's Enterprise Zones, it could see additional tax breaks, Schwarzenegger said. In the Bay Area, those zones - which are used to stimulate business development in depressed areas of the state - are in San Jose, Oakland, Richmond and Watsonville, among other cities. [m]

WHAT IS THIS CAR ALL ABOUT The proposed car, called the Model S — Tesla needs to spend some marketing money on naming its cars — would be able to travel 225 miles on a single charge, carry five people and cost around $60,000. This would be a considerable improvement over the company’s $100,000 Roadster, which is slowly rolling off assembly lines now. [k] California buyers of the Tesla sedan would receive a grant of up to $5,000, but even at $55,000, the Model S won’t be a mainstream solution for cost-conscious consumers. [k]

NEW MEXICO DID NOT COMPETE UNTIL THE FAT LADY SANG In early 2007, the state of New Mexico said Tesla was going to build a 400-employee factory there, to build Tesla's second model, a four-door, five-passenger electric sports sedan for $60,000. The car company was supposed to break ground by spring of 2007, but that never happened because Tesla ran into engineering delays with its first car, a two-seat, $109,000 roadster. It has since begun delivering those cars. [m]

SCHWARZENEGGER ADMITS INSANITY The notion of Tesla, a California start-up, building cars in New Mexico "drove me absolutely insane," said the governor, who is on the waiting list for a Tesla Roadster. [m]

THE GOVERNOR MADE THE DIFFERENCE "We always wanted to be in California," Siry said, but building a factory here is "prohibitively expensive" and New Mexico was seen as a cheaper, close-enough alternative. "But when the governor and state came back and changed their offer it allowed us to do what we originally wanted to do," he said. [m]

AN AUTHORITY WITH AUTHORITY Last week, the California Alternative Energy and Advanced Transportation Financing Authority, which Lockyer chairs, adopted a program exempting makers of zero-emission cars from paying sales and use taxes on equipment. The state actually will buy the equipment for the assembly plant, and lease it to Tesla, which will then not have to pay sales tax on it once Tesla buys the equipment. That will save Tesla about $8 million on $100 million worth of equipment, Lockyer said. The company also is eligible for at least $1 million in training funds. [m] Tesla's Bay Area factory will open in 2010, said Elon Musk, its chairman and largest investor. The company is seeking "a good compromise" on a location that's close enough to its Peninsula headquarters but located in a place where its workers might be able to afford homes within a reasonable driving distance, Musk said. [m] "It'll be close to the Bay, probably near one of the bridges," Musk said. [m]

WAAAA!!!WAAAA!!!WAAAA!!! In New Mexico, state Economic Development Secretary Fred Mondragon said it was "unfortunate that Tesla backed away from its commitment." [m]

GOOD JOB FRED... TAKE THAT PARTING SHOT He also took a shot at the company, saying the decision was "not surprising given the recent instability of its management." [m]

THE INSERTED ONE CHANGED THE POLICY OF THE OUSTED The decisions to locate its factory in New Mexico and to sell batteries came under company co-founder and former Chief Executive Officer Martin Eberhard. He was ousted from the company late last year, a month after Ze'ev Drori became CEO. [m]

TESLAR HAS A HISTORY OF THINKING IT OVER Tesla has a record of changing its mind. In May 2007, it said it would create a battery business and sell $43 million worth of batteries to Think, a Norwegian electric car maker. That deal was scuttled later in the year. [m]

THE OTHER DUDE WANTED IT AND I’M AGAIN IT.... In a blog post on its decision to build a factory in the Bay Area, Tesla CEO Drori noted he conducted a "thorough review of the program's operational and logistical elements" in January. He then decided that the Bay Area, much closer to Tesla's engineering teams, and California, where many of Tesla owners will reside, was the proper home for its factory.[m] Ultimately, he said, the plant will be located "as close to our headquarters as possible." [nm] Tesla Chairman Elon Musk wrote in an e-mail to the San Francisco Business Times that the factory will be in the San Francisco Bay Area. [nm] "One of the mistakes that Tesla made early on was being too spread out around the world," Musk wrote. [nm]

—end--- Posted here by Terry Bankert ... 06/30/08
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–where did this stuff come from
[k] Kicking Tires
[trb] Comments of Terry Bankert to include CAP headlines.
[m] Mercury News
[W] Washington Post
[m] New Mexico Business Weekly

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