Hybrids and green

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

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

Hydrogen and electricity dominate the discourse of zero-emission vehicles, and Aston Martin set out to prove the worth of the former on Germany's famed Nurburgring race course. The British automaker completed a lap of the 15-mile Nordschleife circuit last weekend in a race-modified Rapide S model fueled by hydrogen.

The lap was in preparation for next month's 24 Hours of Nurburgring, in which Aston Martin will enter its car in the E1-XP experimental class of the endurance race.

Aston Martin's Hybrid Hydrogen Rapide S uses an idea already extensively explored by BMW: burning hydrogen in an internal … Read more

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

The last time I'd found myself astride an electric bike was over four years ago, when CNET reviewed the Schwinn Tailwind in March of 2009. That bike was jerky and awkward, very heavy, and a bit of an eyesore.

Fast-forward just under half a decade to April 2013, when I find myself standing in front of the sleek, red frame of the new Specialized Turbo. Electric bike, you've come a long way, baby.

Design The Specialized Turbo is a good-looking bike. Period. And I don't just mean "good for an electric bike."

The bike blends … Read more

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.

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

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

If you wanted to impress on Earth Day, you could do worse than this all-electric motorcycle from Canada.

The Sora superbike from Quebec-based Lito Green Motion is finally hitting the streets after years of development and promos. The Canadian Ministry of Transport recently certified the firm as a motorcycle manufacturer, and the $41,000 bike is getting lots of attention.

The Sora, which means "sky" in Japanese, has a 12 kWh lithium polymer battery and a range of 185 miles on a single charge, which takes 8 hours, or 90 minutes with a quick charger. It can be recharged anywhere using a conventional plug. … Read more

When you work at one of the world's most successful -- and occasionally silliest -- companies, it's hard to create wonderful April Fool's pranks.

After all, you're supposed to contribute your best ideas to the company, so that they might be selected as one of the 15 or so that are used to fool the world on April 1.

It's astonishing that any Googlies have time left over for personal japes. You know, like punking the boss, for example.

And yet, evidence has emerged that members of the Google(x) team -- which I believe … Read more