Tesla Repays Government Loan 9 Years Early

Tesla CEO Elon Musk

Tesla is the first US automaker to pay back its loan from the government in its entirety, a full 9 years before it is due. If you are paying attention, not too long ago Tesla made a loan payment and announced that it would have the loan paid off in half the amount of time required. […]

Very Light Car from Edison2 Breaks Cover

Edison2 VLC

The Very Light Car is a product from Edison2, the company that won the Progressive Insurance Automotive X-Prize for mainstream vehicles back in 2010. It has decided to show off the next-generation prototype made from the $5 million it obtained from winning the X-Prize. The Very Light Car is a prototype that combines space-aged production techniques, […]

500e from Fiat Leases at $199/month, or $32,500 to Purchase

Fiat 500e

Buying a Fiat 500e will cost you (in California) $199/month for 36 months with $999 due at signing for a lease. For those who do not lease, the purchase price (before tax credits and incentives) is $32,500. The 500e is an all-electric version of the Italian mini-car that provides an inexpensive alternative for people who prefer style […]

Chrysler Loses $10,000 per Fiat 500e Sold

Chrysler CEO Sergio Marchionne

The Fiat 500e is Chrysler’s first all-electric vehicle. The Fiat 500e is gearing up to go on sale, and last week Chrysler CEO Sergio Marchionne dropped a small bombshell when speaking at the Society of Automotive Engineers World Congress: Chrysler will lose approximately $10,000 on every 500e sold. Available only in California, the 500e serves Chrysler […]

Tesla Motors Wants to Compete Against Pickup Trucks?

Tesla Model X

Tesla‘s Elon Musk was in Texas this past week to fight for his company’s right to sell vehicles there, and shared this bit of information… “I have this idea for a really advanced electric truck that has the performance of a sports car but actually more towing power and more carrying capacity than a gasoline […]