Tesla to Offer $500 Million in Common Stock

Proceeds to Accelerate Growth of Business, Including Tesla Energy, and Development of Model 3 and Gigafactory
PALO ALTO, CA — Tesla announced today that it intends to offer, subject to market and other conditions, $500 million of additional shares of common stock in an underwritten registered public offering. In addition, Tesla intends to grant the underwriters a 30-day option to purchase up to $75 million of additional shares of common stock.
Elon Musk, Tesla’s CEO, intends to purchase $20 million of common stock in this offering at the public offering price.

Tesla intends to use the net proceeds from this offering to accelerate the growth of its business in the United States and internationally, including the growth of its stores, service centers, Supercharger network and the Tesla Energy business, and for the development and production of Model 3, the development of the Tesla Gigafactory, and other general corporate purposes.
Goldman, Sachs & Co. and Morgan Stanley are acting as lead joint book-running managers for the offering, J.P. Morgan and Deutsche Bank Securities are acting as additional book-running managers for the offering, and BofA Merrill Lynch and Wells Fargo Securities are acting as co-managers.

Tesla Motors – Second Quarter 2015 Shareholder Letter

• Record quarterly deliveries of 11,532 vehicles
• Produced a record 12,807 vehicles, exceeding plan while improving efficiency
• Introduced new Model S variants that improve range, performance and value
• Model X remains on track for start of deliveries in late Q3
• Tesla Energy deliveries set to ramp in Q4

August 5, 2015

Dear Fellow Shareholders:

Q2 marked the third anniversary of Model S. In this short period, Model S has redefined the standards for automotive safety, performance, efficiency, upgradeability and innovation. Along the way it has earned many accolades including Motor Trend Car of the Year and Best Overall Car by Consumer Reports for two years in a row. Model S owners have driven in excess of one billion miles in more than 30 countries and can enjoy free long distance road trips using our network of Supercharger stations. Now in the first half of 2015, Model S has become the best-selling electric vehicle in the U.S.

The growing success of Model S has positioned us to offer even more customer choices and accelerate the advent of sustainable transportation. The next few years at Tesla will be transformational from a product perspective, starting with significant new Autopilot features and the launch of Model X later this quarter. In Q4, we will ramp production and delivery of Tesla Energy products, and in Q1 2016 we plan to reveal the Model 3 design, with first deliveries expected in late 2017.

Winning Converts to Electric Drive

Globally, Model S orders increased following the launch of 85D and 70D. In the U.S., Q2 Model S orders grew almost 30% year-over-year. In Europe, Q2 Model S orders grew more than 50% year-over-year, despite two price increases in the past six months. Finally in Asia, Q2 Model S orders nearly doubled from last quarter, helped by the initial success of our revised China strategy. Given this improvement, we are increasing our investments in China by planning to grow this year from one to five retail stores located in high foot traffic areas.

In July, we announced product enhancements to extend the appeal of Model S even further. For those wanting a more affordable car, we introduced Model S 70 with a starting price of only $70,000 before incentives and fuel savings that typically take the starting net price down to about $50,000 in the U.S. This car has all the content of our popular 70D, but costs $5,000 less as it comes with a single rear wheel drive motor. A new 90kWh battery pack option increases the range of our 85D by 6%, enabling almost 300 miles of range at 65 mph. Finally, for performance enthusiasts, the new Ludicrous mode dramatically (and ludicrously) improves 0 to 60 mph acceleration to 2.8 seconds. Existing P85D customers also have the option of upgrading to Ludicrous mode – because sometimes Insane mode is just not enough.

Our new referral and pre-owned car programs expose more people to the benefits of driving electric vehicles. The Tesla referral program is an experiment we recently introduced to see if there is a way to return the cost of our sales to our customers. If a Tesla owner refers a friend to purchase a new Tesla, the friend will receive $1,000 off the purchase price of their Tesla, and the owner making the referral will receive a $1,000 credit to be used for Tesla service, accessories or another Tesla vehicle purchase. We will see how this works and there are certain limits, but the cost of this program reflects our typical customer acquisition costs, so it makes sense for everyone.

New Model S 70 The Next Billion Miles Test Drive Tour We launched our pre-owned program in North America in Q2 and recognized revenue of $20 million from the sale of such cars. These cars are trade-ins received from customers who upgraded to the latest Model S vehicles. Pre-owned sales activities are driven by the listing of available inventory on our website, and thus have folded smoothly into our existing sales process. Our pre-owned program benefits both the original owner and the buyer of the used Model S. Model S is holding value very well, as confirmed by a recent study by the North American Dealer Association, which showed that Model S retains the highest residual value of any premium sedan in North America. A preowned Model S retains all its performance, upgradeability and lower operating costs, plus it comes with a new 4-year warranty that starts on the re-purchase date, making it a compelling value for those wanting a more affordable Model S. In fact, a pre-owned Model S appears to have a wider buyer base with a younger demographic and broader geographic distribution across the U.S.

A Driving Experience That Improves Over Time 

While many independent sources and our customers already consider Model S to be the world’s best car, we are committed to making Tesla cars and the related ownership experience even better over time. This starts with software updates, which improve the vehicle itself, and also extends to the ease of charging and service. Over the air software updates continue to enhance the vehicle even after delivery. For example, these updates will significantly increase Autopilot functionality in properly equipped cars later this year by adding new features such as lane keeping with automatic steering, parallel parking, as well as side collision warning and improved traffic aware cruise control.

Almost all Model S owners benefit from the growth and improvement of our Supercharger and service networks, which enhance the broader Tesla ownership experience. We now have 487 Supercharger stations globally and have recently accelerated the pace of deployments such that one new Supercharger station is opening nearly every 24 hours. With the growth of our network, it is easier than ever for our customers to find Superchargers. For example, drivers in California are on average never more than 42 miles away from a Supercharger, while drivers in Germany are on average never more than 33 miles away from a Supercharger. We are also retrofitting sites with our new liquid-cooled charging cable to allow even faster Supercharging capabilities that we plan to introduce over time. On the service side, we are building more locations to make servicing vehicles even more convenient for our growing customer base. We are on track to grow the square footage of our service centers by more than 60% in 2015 relative to the end of 2014.

Adding New Products & Production Capacity

In Q2, we produced 12,807 vehicles, exceeding our target of 12,500 vehicles. This represents a 15% sequential increase in production and a 46% increase from a year ago.

As we prepare to launch Model X in September, we are building more validation vehicles, executing final engineering and testing work, enabling our new manufacturing equipment and finalizing arrangements with our suppliers. We have been producing release candidate Model X bodies in our new body shop equipped with more than 500 robots as we fine-tune and validate our production processes.

We just concluded a planned one-week Fremont factory shutdown and made changes in stamping, Model S body center, drive unit production, battery module and pack production and general assembly to allow for an elevated level of production and efficiency. Since Model S and Model X will both share the general assembly line, we used the week to validate the newly installed equipment by completely building several Model X test vehicles. This month, we plan to start painting Model X in our new paint shop well before transitioning Model S painting there, to help de-risk this portion of our overall production ramp.

New S/X Body Line Model S – Refer A Friend

Q2 Results

Total non-GAAP revenue was $1.20 billion for the quarter, up nearly 40% from a year ago, and up 8.5% sequentially, while GAAP revenue was $955 million. Total Q2 gross margin was 23.4% on a non-GAAP basis and 22.3% on a GAAP basis. Our income statement reflects new classifications of revenues and costs of revenues. For details on these classifications and our GAAP and non-GAAP financial information, please see the accompanying tables and footnotes.

Automotive revenue was $1.12 billion on a non-GAAP basis, and comprises GAAP Automotive revenue of $878 million plus a net increase of $242 million in deferred revenue and other long-term liabilities as a result of lease accounting. We delivered 11,532 Model S vehicles in Q2, in line with our July announcement of approximately 11,507 deliveries. As expected, the average selling price of Model S declined during the quarter due to a product mix shift away from P85D. Q2 Automotive revenue included $27 million of total regulatory credit revenue, of which $14 million came from the sale of ZEV credits. In Q2, Tesla directly leased 631 cars to customers, worth $63 million of aggregate transaction value. To use our capital more efficiently, we have increased bank partner leasing over the last quarter, thereby reducing the percentage of vehicles directly leased by Tesla.

Q2 Automotive gross margin excluding ZEV credits was 23.9% on a non-GAAP basis and 22.9% on a GAAP basis. Non-GAAP gross margin was about 100 basis points below guidance, primarily due to higher manufacturing and part costs related to the ramp of our small drive unit line and the deferral of revenue recognition for certain Autopilot features which are now scheduled for release later this year.

Q2 Services and other revenue was $77 million, up 85% from a year ago. This includes about $32 million of powertrain sales to Daimler, $23 million of service revenue and $20 million of pre-owned Model S sales. Q2 Services and other gross margin was 2.2%, compared to negative 3.2% last quarter. The 540 basis points of sequential improvement was driven by production efficiencies related to powertrain sales and improved margin from services and merchandise sales.

We improved our operational efficiency for the second quarter in a row, achieving record deliveries and developing new products while managing to grow operating expenses at a slower rate than the growth in our non-GAAP revenue. Our operating expenses in Q2 were $345 million on a non-GAAP basis, up 6.5% from Q1. GAAP basis operating expenses were $384 million and include non-cash stock based compensation.

Our Q2 non-GAAP net loss was $61 million, or a loss of $0.48 per basic share based on 126.7 million basic shares, while our Q2 GAAP net loss was $184 million or a loss of $1.45 per basic share. Both figures include a $13.2 million gain, or $0.10 per basic share, related to mostly unrealized gains from revaluation of our foreign currency holdings.

Cash and cash equivalents were $1.15 billion at the end of the quarter, down $359 million sequentially, as capital expenditures were $405 million in the quarter. Capital expenditures were primarily for the capacity expansion and tooling associated with Model X and all-wheel drive vehicles, as well as for the construction of the Gigafactory. We have historically been frugal with our capital spending, and our most recent capital spend per unit of incremental capacity is significantly more efficient than even our prior performance.

In Q2, we closed a $500 million asset based credit line that can be expanded to $750 million. This line is collateralized by selected inventory, equipment and accounts receivable, and is specifically designed to provide us both increased liquidity as we ramp Model X deliveries and operating flexibility to expand all aspects of our business. We drew $50 million under this line in Q2.

Also during the quarter, we expanded our warehouse line for our direct leasing program from $100 million to $150 million. We drew down another net $37 million during the quarter, for a cumulative draw of $114 million at quarter end.

Adjusting for the impact of our leasing and financing business, our core business was breakeven on cash generated in Q2 prior to capital expenditures, despite a planned $79 million increase in inventory mostly from customer-configured cars that were in transit for deliveries in Q3. Our GAAP cash outflow from operations during the quarter was $160 million, but this does not include $119 million in cash inflows from vehicle sales to our bank leasing partners. Furthermore, $44 million of cash was consumed by our direct leasing business funded by Tesla, but is included in cash flow from operations.

Outlook 

In Q3, we expect to produce just over 12,000 vehicles, representing a more than 60% increase from a year ago, and deliver approximately the same number of vehicles as in Q2, despite having one week of planned shutdown in Q3. This includes a small number of Model X deliveries. We are now targeting deliveries of between 50,000 and 55,000 Model S and Model X cars in 2015. While our equipment installation and final testing of Model X is going well, there are many dependencies that could influence our Q4 production and deliveries. We are still testing the ability of many suppliers to deliver high quality production parts in quantities sufficient to meet our planned production ramp. Since production ramps rapidly late in Q4, a one-week push out of this ramp due to an issue at even a single supplier could reduce Model X production by approximately 800 units for the quarter. Furthermore, since Model S and Model X are produced on the same general assembly line, Model X production challenges could slow Model S production. Simply put, in a choice between a great product or hitting quarterly numbers, we will take the former. To build longterm value, our first priority always has been, and still is, to deliver great cars.

In addition, the timing of the Model X production ramp and high total deliveries in Q4 create operational challenges for our delivery organization towards the end of the year. This adds complexity in predicting our delivery rate with precision.

Looking ahead to next year, we are highly confident of a steady state production and demand of 1,600 to 1,800 vehicles per week combined for Model S and Model X.

In Q3, we expect to directly lease about the same percentage of cars that we did in Q2. As always, we will use lease accounting for these cars even in our non-GAAP financial results, as such treatment is consistent with the cash collected on these transactions. We expect to sell about $45 million of regulatory credits in Q3, including $30 million from ZEV credit sales.

We expect the Model S average selling price to decline by more than 100 basis points in Q3 as the dollar has continued to strengthen against currencies in our key markets and our delivery mix shifts towards our lower priced 70 and 70D models. We plan to partially offset this pressure with lower production costs, and as a result we expect non-GAAP automotive gross margin, excluding ZEV credits, to be just slightly below the Q2 level.

We are on track to start production of Tesla Energy products this quarter at our Fremont factory, with a plan to ramp up production in Q4. As a result, we expect Q3 services and other revenue to grow modestly and gross margin to be comparable to Q2. We expect to further expand Tesla Energy battery module and pack production at the Gigafactory in Q1 2016 on a more automated line, where construction remains on plan.

Our operating leverage is expected to improve, with revenue and gross profit both growing at a faster rate than operating expenses during the next several quarters. Operating expenses should grow roughly 5-10% sequentially in Q3, and 45-50% for the full year as we invest in product development, including Model 3, and expand our sales capability.

We still plan to invest about $1.5 billion in capital expenditures this year as we expand production capacity, purchase Model X tooling, construct the Gigafactory, and expand our stores, service centers and Supercharger network.

In the coming months we are growing from a single product to a multi-product company. This is a milestone in the maturation of Tesla. We invite everyone to join us in getting to Tesla’s next billion miles and making Tesla Energy a part of our daily lives.

 Elon Musk, Chairman & CEO

 Deepak Ahuja, Chief Financial Officer

Webcast Information Tesla will provide a live webcast of its second quarter 2015 financial results conference call beginning at 2:30 p.m. PT on August 5, 2015, at ir.teslamotors.com. This webcast will also be available for replay for approximately one year thereafter. Forward-Looking Statements Certain statements in this shareholder letter, including statements in “Outlook” section; statements relating to the progress Tesla is making with respect to product development, including future Autopilot features and functionality and Model X development, supplier readiness, delivery and launch plans; statements regarding growth in the number of Tesla store, service center and Supercharger locations; statements relating to the production and delivery timing of Tesla Energy products, as well as future products such as Model 3; growth in demand and orders for Tesla vehicles and the catalysts for that growth; the ability to achieve vehicle demand, volume, production, delivery, revenue, leasing, average sales price, gross margin, spending, capital expenditure and profitability targets; productivity improvements and capacity expansion plans; and Tesla Gigafactory timing, plans and output expectations, including those related to battery module and pack production, are “forward-looking statements” that are subject to risks and uncertainties. These forward-looking statements are based on management’s current expectations, and as a result of certain risks and uncertainties, actual results may differ materially from those projected. The following important factors, without limitation, could cause actual results to differ materially from those in the forward-looking statements: the risk of delays in the manufacture, production and delivery of Model S and Model X vehicles, and production and delivery of Model 3 vehicles; Tesla’s future success depends on its ability to design and achieve market acceptance of Model S and its variants, as well as new vehicle models, specifically Model X and Model 3; the ability of suppliers to meet quality and part delivery expectations at increasing volumes; adverse foreign exchange movements; any failures by Tesla vehicles to perform as expected or if product recalls occur; Tesla’s ability to continue to reduce or control manufacturing and other costs; consumers’ willingness to adopt electric vehicles; competition in the automotive market generally and the alternative fuel vehicle market in particular; Tesla’s ability to establish, maintain and strengthen the Tesla brand; Tesla’s ability to manage future growth effectively as we rapidly grow, especially internationally; the unavailability, reduction or elimination of government and economic incentives for electric vehicles; Tesla’s ability to establish, maintain and strengthen its relationships with strategic partners such as Panasonic; potential difficulties in finalizing, performing and realizing potential benefits under definitive agreements for the Tesla Gigafactory site, obtaining permits and incentives, negotiating terms with technology, materials and other partners for Gigafactory, and maintaining Gigafactory implementation schedules, output and costs estimates; and Tesla’s ability to execute on its retail strategy and for new store, service center and Tesla Supercharger openings. More information on potential factors that could affect our financial results is included from time to time in our Securities and Exchange Commission filings and reports, including the risks identified under the section captioned “Risk Factors” in our quarterly report on Form 10-Q filed with the SEC on May 11, 2015. Tesla disclaims any obligation to update information contained in these forward-looking statements whether as a result of new information, future events, or otherwise. Investor Relations Contact: Press Contact: Jeff Evanson Khobi Brooklyn Investor Relations – Tesla Communications – Tesla ir@teslamotors.com press@teslamotors.com Classification of Revenues and Costs of Revenues Our income statement reflects the classifications of revenues and costs of revenues to segregate our new vehicle business from our other business activities. “Automotive” revenue and related costs now reflect activities related to the sale or lease of new vehicles including regulatory credits, data connectivity, Autopilot functionality and Supercharging. “Services and other” revenues and related costs include activities such as powertrain sales, service revenue, Tesla Energy and pre-owned Tesla vehicle sales. Tesla Motors, Inc. Condensed Consolidated Statements of Operations (Unaudited) (In thousands, except per share data) Revenues Automotive (1A) Services and other Total revenues Cost of revenues Automotive (1B) Services and other Total cost of revenues (2) Gross profit Operating expenses Research and development (2) Selling, general and administrative (2) Total operating expenses Loss from operations Interest income Interest expense Other income (expense), net Loss before income taxes Provision for income taxes Net loss Notes: (1) (A) Net increase in deferred revenue and other long-term liabilities as a result of lease accounting and therefore not recognized in automotive sales (B) Net increase in operating lease vehicles as a result of lease accounting and therefore not recognized in automotive cost of sales The table above excludes assumed net warranty and stock based compensation amounts included in non-GAAP cost of sales. (2) Includes stock-based compensation expense of the following for the periods presented: Cost of revenues Research and development Selling, general and administrative Total stock-based compensation expense Due to the application of lease accounting for Model S vehicles with the resale value guarantee or similar buy-back terms, the following is supplemental information for the periods presented: Net loss per common share, basic and diluted Shares used in per share calculation, basic and diluted June 30, 2015 Mar 31, 2015 June 30, 2014 June 30, 2015 June 30, 2014

Tesla Motors Announces Software v6.0 for the Model S

In a blog post on the official Tesla blog at TeslaMotors.com, Tesla has announced the release of their Software v6.0 for the Model S.  Some model S owners have already reported receiving the software update.
The Software v6.0 update introduces traffic-based navigation and commute advice, provides an in-car view of daily schedules, enables location-based air suspension settings, and allows owners to name their Model S and start it remotely using their mobile phone.
The new features included in v6.0 are:
Traffic-Based Navigation (BETA)
The Model S navigation system will be a lot smarter. Navigation will now provide route suggestions based on real-time traffic and calculate estimated travel times accordingly. It will also update dynamically as traffic conditions change throughout your trip. This feature will also take into account traffic data shared by other Tesla vehicles on the road.
Commute Advice
Navigation isn’t particularly useful when commuting between home and work because most of us usually know the way. But if traffic has an effect on a typical route, it’s helpful to know in advance. Now, Model S will monitor traffic before you even start your weekday commute and alert you with a pop-up message on the 17-inch touchscreen when a faster route is available.
Calendar (BETA)
Model S will synch with your smartphone to bring you a large in-car view of your daily schedule. If you’ve already set locations for particular events, you don’t have to worry about re-entering the details into your car’s navigation system. Instead, you can just tap on the event in your calendar to bring up route directions.
Remote Start
You will have the ability to start your Model S using only your smartphone. This function, which is particularly useful if you forget your key fob, will be accessible through the Tesla mobile app and requires you to input your password for each use.
Location-Based Air Suspension
If you regularly drive on roads or driveways that require higher than normal clearance, your Model S will remember where you previously selected high ride heights and automatically adjust the air suspension at those locations. This feature will be especially handy for people who have steep driveways. (Model S must be equipped with air suspension for this function to work.)
Name Your Car
You can now make your Model S nickname official. The car’s name will appear in the Tesla mobile app and in the About Your Tesla section on the touchscreen.  I’m still not sure what I will call my Model S when I get it, but am thinking ‘Manifestation’ or simply “Joe Tesla”.
Power Management Options
A new power management option will put Model S into energy saving mode at night to help maximize available energy. There’ll also be an option that allows the Tesla mobile app to always connect immediately to the car, while still saving power.
This software update represents Tesla’s commitment to improving Model S for customers even long after it has left the assembly line. With each update, Model S becomes more attuned and responsive to its owner’s needs without requiring excessive user input. Tesla Motors will continuously fine-tune the software and work on new features in response to customer feedback.

Panasonic to Team with Tesla Motors on New ‘Gigafactory’

Artist rendering of the future Tesla Gigafactory
According to a story from the Associated Press, Japanese electronics company Panasonic is partnering with American electric car maker Tesla Motors to build a battery manufacturing plant in the U.S. expected to create 6,500 jobs.
The companies announced the deal Thursday, but they did not say where in the U.S. the so-called “gigafactory,” or large-scale plant, will be built. Financial terms weren’t disclosed for the $5 billion plant.  The states currently in the competition for becoming home to the gigafactory include Arizona (Tucson recently gave Tesla an advance building permit), California, Nevada, New Mexico, and Texas – all states where land can be purchased relatively inexpensively.  It is rumored that the plant will need take up at least 500 acres and could initially be built on at least 1,000 acres.
More news on where the gigafactory will be located today, after Tesla Motors reports it’s 2nd quarter earnings.  Could be another exciting day in the world of Tesla, or they could remain tight-lipped.  As a Tesla executive recently told me by email “A birthday is always more fun when you wait to unwrap your presents!”
The plant will produce cells, modules and packs for Tesla’s electric vehicles and for the stationary energy storage market, employing 6,500 people by 2020.
Under the agreement, Tesla, based in Palo Alto, California, will prepare, provide and manage the land and buildings, while Osaka-based Panasonic will manufacture and supply the lithium-ion battery cells and invest in equipment.
Tesla CEO Elon Musk has said the factory will help Tesla reduce its battery costs by 30 percent. Tesla needs cheaper batteries in order to produce its mass-market Model 3, an electric car it’s developing that would cost around $35,000. Tesla hopes to have the Model 3 on the road by 2017. The company’s only current vehicle, the Model S sedan, starts at $70,000 and goes to over $100k for the premium model.
“The Gigafactory represents a fundamental change in the way large-scale battery production can be realized,” said Tesla Chief Technical Officer and co-founder JB Straubel, referring to the cost reductions.
Sales of zero-emission electric vehicles account for less than 1 percent of the global auto market. But worries about global warming and more stringent emissions regulations in many countries are expected to boost sales of electric and other green vehicles.
Yoshihiko Yamada, executive vice president of Panasonic, said the planned factory will help the electric vehicle market grow.
Panasonic, which makes great products, but has lost some of its strength in consumer electronics to a growing sea of low-balling competitors, is putting more focus on businesses that serve other industries, including batteries.
It remains powerful in Japan and some overseas markets in consumer products such as refrigerators, washing machines and batteries for gadgets.

Tesla Crash at Tesla Motors’ Fremont Store and Delivery Center Leaves Questions

Tesla Model S Crash Fremont Factory

Apparently yesterday there was a strange crash at the Tesla Motors’ store and delivery center in Fremont California.  There have been conflicting reports as to what caused the accident, but as you can see from the photos, it did not end well for the unfortunate Tesla owner.

While some were speculating that the crash was caused by someone celebrating with too much champagne before picking up their new Tesla Model S, there is some evidence that the car was not just being picked up – and that the driver may have simply hit the wrong pedal when attempting to brake.

According to a couple of reports at Jalopnik, a witness reported that the driver did hit the wrong pedal when attempting to brake.  They also said that the car already had California HOV lane stickers attached, which would show that the car was at least a couple of months old.

Regardless, it is a shame to crash the best car on the planet – the Tesla Model S has also been called “The Magic Car”.

7 Reasons I am Excited About Getting a Tesla

Grey Tesla Model S
Ever since I first drove the Tesla Model S P85, I’ve known that I HAVE to have one.  Not owning one is not an option.  Not only is it a good looking and fully functional vehicle – it is super fun to drive and if you have seen the video of our kids in the back seat, you can see how happy it made them.  There are a lot of reasons that I am excited about getting a Tesla – gray Model S P85 and here are 7 of them:
1. Teslas are far more environmentally friendly than cars with combustible engines …  We’ve all done way too much to harm our precious Mother Earth and it is time that we all do whatever we can to help preserve and repair her.
2. Once I own my Tesla, I will never have to buy gasoline again.  This does relate to reason #1, but it also helps reduce dependence on a commodity that wars are continually fought for.  When there is no dependence on oil, there is no need to start or fight wars to be able to get it.
3.  Having a Tesla means being able to take more road trips.  Not having to pay for expensive gasoline will enable us to show our kids more of our great country.  We will get to see Mt. Rushmore, the Grand Canyon, Yellowstone, the Liberty Bell, the Gateway Arch in St. Louis, Sedona, Yosemite, Niagra Falls, the Lincoln Memorial, and so many other wonderful places.  Since Stacia and I are avid video journalists and bloggers, we will also be able to share these experiences with thousands of readers and viewers.
4. Having a Tesla will enable us to discover more cool people and businesses to write about and report on.  Since we will no longer be limited to where we can go by our fuel budget, we will be able to get out and discover and share more.
5.  Owning a Tesla means that we will be able to share our Tesla.  We are committed to sharing the Tesla experience wherever we go.  While some people can go to a Tesla dealership and test drive one, many across our great country do not live close enough and we want to be able to help people experience driving a Tesla first hand.
6.  Tesla vehicles have superior design.  Not only are Teslas designed with the best aerodynamics and range of miles per charge, but they are super functional, equipped with full internet, 17″ touch screen computers with navigation, back up camera – and they not only have room for cargo in the trunk of the car, but also in the ‘frunk” or the front trunk (where the engine of most oil burning cars sits).  Teslas are road trip ready!
7. Tesla Motors is continually installing more Super Chargers across the country.  A Tesla can get a full charge in around 30 minutes at a Super Charger – and use of the Super Charger is FREE!!!
BONUS:  Did I mention that driving a Tesla is FUN?  It’s the most fun that I’ve had in a long time and if you check out the video, you will see that the kids enjoyed it too.

The is ONE Guy on the Planet Who Doesn’t Want a Tesla Model S After Driving One for the Weekend

Red Tesla Model S
Rob Enderle wrote a post for Digital Trends that outlines many of the great features of the Tesla Model S, but claims that he doesn’t want one because he isn’t a big sedan guy.  I can respect that – especially since he is looking forward to the future Tesla models including a SUV called the Tesla Model X and other models currently under development.
Enderle rented a Model S from Club Sportiva (with locations in Marina del Rey -my former home, and in the Bay area) for the weekend, so he did get the full experience, but he complained that the car was too large for him and he warned that the 17″ touchscreen was a distraction for him – and almost seemed to complain that the Tesla had too much power ….
In fairness to Rob, he wrote the post over a year ago, but he seemed to have challenges finding chargers for his needs.  I know there are more chargers today and more coming online all the time.  (Tesla just opened their first Supercharger station in Canada). With a little bit of proper planning, I don’t think this is an issue.  He did complain about the price tag of the Model S, but didn’t even mention not ever having to stop at a gas station to fork out an insane amount of money to fill up all the time …
Mr. Enderle may not be getting a Tesla Model S, but I am – and he is probably the only person on the planet who has driven one and doesn’t want it really bad …

Squamish British Columbia Gets First Tesla Supercharger in Canada!

Tesla Supercharger Squamish, BC
Tesla has installed and opened their first Supercharger station in Canada.  The new 6 stall Supercharger is in Squamish, British Columbia, just about halfway between Vancouver, BC and Whistler, BC.  According to Google maps it is 67 kilometers north of Vancouver – or about an hour drive without traffic.
The new Tesla Squamish Supercharger is located in the Garibaldi Village Shopping Center at 40167 Glenalder Pl Squamish BC  V8B 0G2 and is open 24 hours a day, 7 days a week.  As always, Tesla Superchargers are free to use for life.  This is the first of several Superchargers that Tesla Motors plans to open in the near future in British Columbia to support long distance travel in the region.
What’s really cool about Tesla Superchargers is that they can give Tesla vehicles a free charge very quickly – up to half capacity in as little as 20 minutes.  These charging stations are also located just off major highways and in close proximity to restaurants and shops.
Once I get my Tesla, I’m really looking forward to taking it up to Whistler Blackcomb – and will undoubtedly be making great use of the new Tesla Supercharger in Squamish – Canada’s first Tesla Supercharger!  Pretty cool, eh?