cars

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

Six reasons to love, or loathe, autonomous cars

The technical reality of autonomous cars is coming sooner than you think, but societal acceptance of autonomous cars may be some way off. Technologies such as adaptive cruise control and lane-keeping assist make the tip of this iceberg among production cars, while Google has already done extensive testing of an autonomous car system. Automakers are beginning their own self-driving car programs, and the Department of Transportation is running tests of vehicle-to-vehicle and vehicle-to-infrastructure communication, an important safety technology that will also play a key role for autonomous cars.

But not everyone likes the idea of self-driving cars. CNET editors Wayne … Read more

Two Spocks go where many men have gone before: the golf club

It's hard being an old Vulcan.

Younger beings come along and just want to vulcanize you.

Old Vulcans have it so bad they drive Mercedes. Young ones, quite naturally, drive an Audi.

These aren't the musings of an addled mind; it's the premise of a new Audi ad. Here we have old Spock, Leonard Nimoy, and young Spock, Zachary Quinto, challenging each other. Yes, they will race each other to the golf club -- loser buys lunch. (Do not attempt.)

Quinto has a very fancy Audi S7. Spock is slumming it in an old guy's Mercedes. … 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

Smartphone mounts for your car

Many drivers rely on smartphones for navigation, music, and calls in the car, but holding the phone while performing any of these tasks impairs driving ability and is illegal in some states. In fact, the National Highway Traffic Safety Administration found that manually operating a phone greatly increases distraction while driving, where engaging in a hands-free call showed no increased crash risk.

To more safely use your phone in the car, get a mount that will keep its voice command button in easy reach and its screen viewable at a glance.

Mounts can stick to windshields and dashboards, clip to … Read more

Terrafugia to develop vertical takeoff flying car

Frustrated commuters may soon get some good news from Terrafugia, the maker of the Transition flying car.

The company on Sunday said it has begun feasibility studies of a four-seat, vertical takeoff and landing plug-in hybrid-electric flying car, the TF-X. The vehicle will "further increase the safety, simplicity, and convenience of personal aviation" by using state-of-the-art intelligent systems and other technology, Terrafugia said.

"This is the right time for us to begin thinking about the future of the company beyond Transition development," Carl Dietrich, Terrafugia's chief executive and chief technology officer, said in a press … Read more

When your airbag is your enemy (CNET On Cars, Episode 17)

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Way back in May 2005, I did what I believe was our first car tech video: a look at the 2005 Acura RL. It was like this thing from Mars had dropped on the CNET building. Today, the RL is gone, the RLX takes its place, and its first job is to put Acura back on the map in terms of a high-tech flagship sedan that sells in greater numbers than you can count on two hands. We'll show you … 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

PanaVise 15504 PortaGrip car mount keeps a fierce grip on phones

Standing out as the 800-pound gorilla among smartphone mounts for cars, the PanaVise 15504 PortaGrip feels like it's been spending evenings and weekends at the gym. The thick pieces of this mount look like they could support a whole car, let alone a smartphone. The screws and hinges move as if manufactured to military spec.

I had no fears that this mount would fall apart while cradling my precious smartphone.

This suction cup mount, designed to stick to a car's windshield while keeping a smartphone visible to the driver, has multiple pivot points on its arm and uses … Read more