Category Archives: Alternative transportation

Purdue process converts lignin in intact biomass to hydrocarbons for chemicals and fuels

Purdue process converts lignin in intact biomass to hydrocarbons for chemicals and fuels

18 December 2014

A team of researchers from Purdue University’s Center for Direct Catalytic Conversion of Biomass to Biofuels, or C3Bio, has developed a process that uses a bimetallic Zn/Pd/C catalyst to convert lignin in intact lignocellulosic biomass directly into two methoxyphenol products (phenols are a class of aromatic hydrocarbon compounds used in perfumes and flavorings) leaving behind the carbohydrates as a solid residue.

Lignin-derived methoxyphenols can be further deoxygenated to propylcyclohexane—a cycloalkane. Cycloalkanes are important components of not only traditional vehicle fuels such as gasoline and diesel, but also jet fuels, such as Jet-A/Jet-A1/JP-8.

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The leftover carbohydrate residue is hydrolyzed by cellulases to give glucose in 95% yield, which is comparable to lignin-free cellulose.

In addition, the hemicellulose fraction of the biomass is hydrolyzed in the same step of lignin conversion, with easy separation of the resultant xylose. That xylose fraction can be selectively dehydrated to furfural and subsequently to other furfural-based chemicals or fuels in a biorefinery.

Mahdi Abu-Omar, the R.B. Wetherill Professor of Chemistry and Professor of Chemical Engineering and associate director of C3Bio, led the team.

We are able to take lignin—which most biorefineries consider waste to be burned for its heat—and turn it into high-value molecules that have applications in fragrance, flavoring and high-octane jet fuels. We can do this while simultaneously producing from the biomass lignin-free cellulose, which is the basis of ethanol and other liquid fuels. We do all of this in a one-step process.

Plant biomass is made up primarily of lignin and cellulose, a long chain of sugar molecules that is the bulk material of plant cell walls. In standard production of ethanol, enzymes are used to break down the biomass and release sugars. Yeast then feast on the sugars and create ethanol.

Lignin acts as a physical barrier that makes it difficult to extract sugars from biomass and acts as a chemical barrier that poisons the enzymes. Many refining processes include harsh pretreatment steps to break down and remove lignin, Abu-Omar said.

Lignin is far more than just a tough barrier preventing us from getting the good stuff out of biomass, and we need to look at the problem differently. While lignin accounts for approximately 25% of the biomass by weight, it accounts for approximately 37% of the carbon in biomass. As a carbon source lignin can be very valuable, we just need a way to tap into it without jeopardizing the sugars we need for biofuels.

The process starts with untreated chipped and milled wood from sustainable poplar, eucalyptus or birch trees. The catalyst is added to initiate and speed the desired chemical reactions, but is not consumed by them and can be recycled and used again. A solvent is added to the mix to help dissolve and loosen up the materials. The mixture is contained in a pressurized reactor and heated for several hours.

The team also developed an additional process that uses another catalyst to convert the two phenol products into the high-octane (RON 100) hydrocarbon fuel suitable for use as drop-in gasoline.

The processes and resulting products are detailed in a paper published online in the RSC journal Green Chemistry. The US Department of Energy funded the research.

In addition to Abu-Omar, co-authors include Trenton Parsell, a visiting scholar in the Department of Chemistry; chemical engineering graduate students Sara Yohe, John Degenstein, Emre Gencer, and Harshavardhan Choudhari; chemistry graduate students Ian Klein, Tiffany Jarrell, and Matt Hurt; agricultural and biological engineering graduate student Barron Hewetson; Jeong Im Kim, associate research scientist in biochemistry; Basudeb Saha, associate research scientist in chemistry; Richard Meilan, professor of forestry and natural resources; Nathan Mosier, associate professor of agricultural and biological engineering; Fabio Ribeiro, the R. Norris and Eleanor Shreve Professor of Chemical Engineering; W. Nicholas Delgass, the Maxine S. Nichols Emeritus Professor of Chemical Engineering; Clint Chapple, the head and distinguished professor of biochemistry; Hilkka I. Kenttamaa, professor of chemistry; and Rakesh Agrawal, the Winthrop E. Stone Distinguished Professor of Chemical Engineering.

The catalyst is expensive, and the team plans to further study efficient ways to recycle it, along with ways to scale up the entire process, Abu-Omar said.

The US Department of Energy-funded C3Bio center is an Energy Frontier Research Center. It is part of Discovery Park’s Energy Center and the Bindley Bioscience Center at Purdue.

Purdue Research Foundation has filed patent applications and launched a startup company, Spero Energy, which was founded by Abu-Omar to commercialize the process.

Resources

  • Trenton Parsell, Sara Yohe, John Degenstein, Tiffany Jarrell, Ian Klein, Emre Gencer, Barron Hewetson, Matt Hurt, Jeong Im Kim, Harshavardhan Choudhari, Basudeb Saha, Richard Meilan, Nathan Mosier, Fabio Ribeiro, W. Nicholas Delgass, Clint Chapple, Hilkka I. Kenttämaa, Rakesh Agrawal and Mahdi M. Abu-Omar (2015) “A synergistic biorefinery based on catalytic conversion of lignin prior to cellulose starting from lignocellulosic biomass,” Green Chemistry doi: 10.1039/C4GC01911C

  • Zemin Tian, Yingjia Zhang, Feiyu Yang, Lun Pan, Xue Jiang, and Zuohua Huang (2014) “Comparative Study of Experimental and Modeling Autoignition of Cyclohexane, Ethylcyclohexane, and n-Propylcyclohexane” Energy Fuels 2014 28 (11), 7159-7167 doi: 10.1021/ef501389f

UMTRI analysis finds distance driven per GDP has been decreasing steadily since early 1990s

UMTRI analysis finds distance driven per GDP has been decreasing steadily since early 1990s

18 December 2014

The sixth in a series of reports on peak motorization in the US by Dr. Michael Sivak at the University of Michigan Transportation Research Institute (UMTRI) finds that distance driven per GDP reached its highest values in a broad plateau from the early 1970s through the early 1990s, and then decreased steadily. By 2012, the value of this measure decreased by 22% from its absolute maximum, which was reached in 1977.

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Sivak suggests that some of the factors that likely contributed to the recent decline in the value of this measure are the decreased amount of personal transportation; decreased contribution to GDP of truck transportation; and the increased contribution to GDP of data services, information processing, and e-commerce.

The amount of fuel consumed per GDP peaked in the early 1970s, and then decreased by 47% by 2012. The relatively steep decline in the value of this measure reflects the added contribution of the improvement in vehicle fuel economy from the 1970s on.

In the previous five reports in this series, I examined recent changes in the number of registered light-duty vehicles (cars, SUVs, pickups, and vans), and the corresponding changes in distance driven and fuel consumed. The units of the analyses were both the absolute numbers and the rates per person, per driver, per household, and (where appropriate) per vehicle. The main finding of those reports was that the respective rates all reached their maxima around 2004. I argued that, because the onsets of the reductions in these rates preceded the onset of the recession (in 2008), the reductions in these rates likely reflect fundamental, noneconomic changes in society. Therefore, these maxima have a reasonable chance of being long-term peaks as well.

The present report examines the relationship between road transportation and economic activity since the end of the Second World War. The two measures of interest were distance driven per inflation-adjusted GDP and fuel consumed per inflation-adjusted GDP.

Resources

  • Michael Sivak (2014) “Has Motorization in the US Peaked? Part 6: Relationship between Road Transportation and Economic Activity” (UMTRI-2014-36)

Catholic Bishops Call for an End to Fossil Fuel Era

Climate change
church-dome

Published on December 18th, 2014
by Robyn Purchia

2

church-dome

Originally posted on EdenKeeper

Last week, Catholic bishops from around the world added their voice to other faith groups urging climate action and issued a call to the negotiators at the United Nations climate talks in Lima. Their call: protect the poor by putting an end to the fossil fuel era. According to the BBC News, the bishops’ statement is the first time that senior church figures from every continent have issued such a call.

“We recognize that much good has happened on Earth through the rightful and responsibile intelligence, technology and industry of humankind under God’s loving care,” wrote the bishops. “And yet in recent decades many grave adversities such as climate change, with its devastating impact on Nature itself, on food security, health and migration, led to a great number of suffering people worldwide.”

The fault, they say, lies with our global economic system — a human creation. Our economy’s focus on profit and the primacy of the market fails to put human beings and the common good at the center of the world’s concerns. When faced with a moral and ethical dilemma, like climate change, it becomes even more evident that we must all recognize the “systemic failures of this order and the need for a new financial and economic order.”

The bishops didn’t just ask UN negotiators to adopt a global agreement in Paris in 2015, they challenged world leaders to really do something for the planet by keeping the global temperature increase below 1.5 degrees Celsius relative to pre-industrial levels. This is a considerably more ambitious goal than the 2 degrees Celsius ceiling that most agree is the threshold beyond which climate change becomes truly dangerous. But the stricter standard is necessary to “protect frontline communities suffering from the impacts of climate change, such as those in the Pacific Islands and in the coastal regions.”

To create a new economic order and meet global temperature increase goals, the bishops call for “an end to the fossil fuel era, phasing out fossil fuel emissions and phasing in 100% renewables with sustainable energy access for all.” Yes, the bishops are calling for a war on coal.

While phase out of fossil fuel emissions may seem like a tall order, the goal of reducing carbon emissions to zero is already making the rounds in Lima, with dozens of governments voicing their support according to the Associate Press. Religious groups have also made the push towards carbon neutrality. And divesting from fossil fuels, a means of shifting the financial and economic order, is becoming an increasingly popular move among faith organizations, seminaries, schools, and big investors.

With 1.2 billion people worldwide calling themselves Catholic, the bishops’ statement has the potential to further influence public debate, if not actual action, on the issue.

It would be nice to see the Catholic church walking the walk though too. Despite letters and petitions to Pope Francis to divest, the Catholic church still has yet to make a formal announcement regarding its investment in fossil fuel companies. If the bishops are serious about changing the financial order and protecting the poor, leading by example is always a great first step.

Keep up to date with all the eco-spirituality news here on EdenKeeper. Subscribe to our newsletter to never miss a story.

Image: Doug88888 / Flickr

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Tags: ban fossil fuels, catholic news, Climate change, coal emissions, Lima, United Nations


About the Author

Robyn Purchia I’m an organic-eating, energy-saving naturalist who composts and tree hugs in her spare time. I have a background in environmental law, lobbying, field work, and most recently writing. Be inspired to connect your spirit to environmentalism on my site Eden Keeper. You can also find me on Twitter, Facebook, and Google+.


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  • If we can get the Pope to use a LEAF as a daily driver, many more people — especially Catholics — will follow his lead.

  • Science and technology advances, hidden and revealed, American and Asian, hove moved mankind into a new reality. The transistor was the “spark” for a remarkable electronics supported age. An electricity storage system, or many variations of them are about to make fossil fuels less required for life’s comforts, and more a convenient fast solution. We see now Germany taking the lead in renewables and winning this race as the U.S. reaches deep to keep up. China’s mad thirst for all forms of energy is relentless and very diverse, while the few Oil interests battle against Science and progress to maintain market share on a diminishing resource.

Nissan Titan Diesel Teased As All-American

Diesel
Nissan Titan Diesel Teased As All-American

Published on December 18th, 2014
by Christopher DeMorro

0

We already knew the next-gen Nissan Titan was getting a Cummins diesel, and the Japanese automaker is also marketing its American manufacturing credentials as well. But can a new diesel V8 and an all-American marketing campaign help lift sales that have fallen to record lows?

The teaser video doesn’t tell us anything we didn’t know in terms of the 5.0 liter Cummins V8. I was initially disappointed that Nissan didn’t go with a smaller displacement diesel, like the 3.0 liter EcoDiesel V6 that helped the Ram 1500 earn a 28 MPG rating. I’ve since come around to recognize that this engine could make the Titan a powerful competitor while also earning respectable fuel economy compared to better-selling brands.

The Nissan Titan did enjoy a brief spat of popularity in the mid-2000s, peaking at just under 87,000 sales in 2005, but sales probably won’t even break 12,000 for 2014. Part of the problem is that the current Titan was introduced back in 2003, meaning its been on the market (and for the most part, unchanged) for over a decade now. It’s simply not competitive anymore, especially when automakers like Ford, GM, and Chrysler have gone through three major redesigns in the same time period.

Nissan didn’t mention any specifics, but I have to imagine that lightweight materials will play a role in the next Titan as well. The teaser was heavy on pumping up the American street cred, such as a design penned in California, tested in Arizona, and engineered in Michigan. Of course this makes sense, since the Titan isn’t sold outside of North America, but that’s neither here nor there, right?

On January 12th the world will get its first look at the new Nissan Titan and its Cummins diesel. Can a new engine, a new look, and a new emphasis on its American design breath new life into this flagging nameplate? If not, there’s always the Nissan Frontier diesel concept and the next-generation LEAF to look forward to.

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Tags: 5.0 liter Cummins V8, Cummins, Detroit Auto Show, Nissan Titan, Nissan Titan diesel, North American International Auto Show


About the Author

Christopher DeMorro A writer and gearhead who loves all things automotive, from hybrids to HEMIs, Chris can be found wrenching or writing- or esle, he’s running, because he’s one of those crazy people who gets enjoyment from running insane distances.


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European automotive and automotive battery industries call for extension of the exemption of lead-based batteries from the EU ELV Directive

European automotive and automotive battery industries call for extension of the exemption of lead-based batteries from the EU ELV Directive

18 December 2014

The EU must continue to allow the use of lead-based batteries in vehicles as they are essential for the needs of future generations of European cars, according to the automotive and automotive battery industries in Europe. Lead battery and car manufacturers have requested that the current exemption for lead-based batteries within the ELV Directive’s wider ban on lead in light-duty vehicles is maintained for at least another eight years.

The comments are part of the formal submission made by the industry group to EU regulators who concluded the public consultation phase of the review of the End of Life Vehicle (ELV) Directive this week. Following the consultation the Commission is expected to release its opinion in the first half of 2015.

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The recommendation by EUROBAT, the European, Japanese and Korean car industry associations (ACEA – JAMA – KAMA) and the International Lead Association (ILA), is backed by a series of studies on the technical benefits of lead-based batteries and their sustainability, which includes their 99% recycling rate in Europe and the general availability of the natural resources used to make up the battery.

Part of the evidence submitted to the EU Commission is a study—A Review of Battery Technologies for Automotive Applications—which found that there are at present no alternatives, either technically or economically, to lead-based batteries for the SLI (Starting – Lighting – Ignition) function in vehicles. This means lead-based batteries are essential in virtually all conventional ICE (internal combustion engine) vehicles, hybrid vehicles (mild, micro and Plug-in-HEV, PHEV) and full electric vehicles.

All hybrid, plug-in hybrid and full electric vehicles equipped with high-voltage, advanced rechargeable battery systems also utilize a second electrical system on 12V level for controls, comfort features, redundancy and safety features. This electrical system is in all cases supplied by a 12V lead-based battery, the groups said.

The study also concludes that lead-based batteries will remain the only viable mass market energy storage system in automotive applications for the foreseeable future. Their low cost and unparalleled ability to start a car engine at cold temperatures sets them apart in conventional and basic micro-hybrid vehicles, and as auxiliary batteries in all other automotive applications.

Three additional studies also highlight the positive sustainability and environmental credentials of lead-based batteries that are an excellent example of the EU circular economy in action. The studies show:

  • At the end-of-life, lead-based batteries have a 99% collection and recycling rate in a closed loop system, making lead-based batteries the most recycled consumer products in the EU.

  • Using lead batteries in start-stop or micro-hybrid systems can result in emission savings of between 700-1600 kg CO2 equivalent over a vehicle’s lifetime.

  • The high recycling rate means that the environmental impacts of lead-based batteries, compared to the overall environmental impact of a vehicle, is negligible.

  • There are no current or future resource availability issues with metals used in lead-based batteries.

The review. A Review of Battery Technologies for Automotive Applications assessed in depth the performance profiles of the automobile battery technologies currently in use:

  1. Conventional vehicles, including start-stop and basic micro-hybrid vehicles are equipped with a 12V lead-based battery, which is required to start the engine and supply the complete electrical system, and can also be expected to provide start-stop functionality, as well as the entry class of braking recuperation and passive boosting.

    Due to their excellent cold-cranking ability, durability and low cost, 12V lead-based batteries remain the only battery technology tested for the mass market that satisfies the technical requirements for these vehicles. This is expected to be the situation for the foreseeable future.

  2. Hybrid vehicles, including advanced micro-hybrid, mild-hybrid and full-hybrid vehicles rely on the battery to play a more active role, with the energy stored from braking used to boost the vehicle’s acceleration. In full-hybrid vehicles, the stored energy is also used for a certain range of electric driving.

    Several battery technologies are able to provide these functions in different combinations, with nickel-metal hydride and lithium-ion batteries coping best as requirements increase, due to their fast recharge, good discharge performance and life endurance. At high voltages, lead-based batteries are so far limited by their more modest recharge and discharge power and capacity turnover.

  3. In plug-in hybrid and full electric vehicles, high voltage battery systems (up to 100 kWh for commercial vehicles) are installed to provide significant levels of electric propulsion.

    Lithium-ion battery systems remain the only commercially available battery technology capable of meeting requirement for passenger cars according to EV driving range and time, due to their high energy density, low weight, good recharge capability and energy efficiency. Other battery technologies (nickel-metal hydride, lead-based etc.) cannot deliver the required level of performance for these applications at a competitive weight.

    For commercial applications, harsh environments and heavy duty vehicles, high-temperature sodium nickel chloride batteries are a competitive option.

EUROBAT, the Association of European Automotive and Industrial Battery Manufacturers, acts as a unified voice in promoting the interests of the European automotive, industrial and special battery industries of all battery chemistries. Its more than 40 members represent more than 90% of the automotive and industrial battery industry in Europe.

Toshiba supplies Li-ion traction energy storage system for Tobu Railway

Toshiba supplies Li-ion traction energy storage system for Tobu Railway

18 December 2014

Toshiba Corporation has supplied a Li-ion battery traction energy storage system (TESS) to Tobu Railway Co., Ltd. TESS stores traction energy generated by decelerating trains as they enter a station and releases it as needed when trains accelerate from the station. The system is planned to operate from 22 December.

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Toshiba’s TESS is installed at Unga station on the Tobu Urban Park Line, and utilizes Toshiba’s SCiB rechargeable Li-ion batteries to store regenerated power. SCiB offers a high degree of safety, a wide state-of-charge (SOC) range and stable operation at low temperatures. Toshiba’s calculates that its TESS offers a battery capacity ten times that of typical traction energy storage systems. The SCiB system also employs the company’s proprietary charge-discharge control technology, which takes full advantage of the wide SOC range of the SCiB cells.

The TESS system has rated output of 1000 kW; capacity is 387 kWh. Rated Voltage at the vehicle contact line is 1500 V; rated voltage at the battery is 607 V.

At Unga Station, regenerative traction energy from train deceleration is stored in the TESS for supply as needed when trains are accelerating from the station, facilitating stable electricity supply.

In addition to supporting stable supply, the system can also be optimally configured to support other applications, including traction energy loss prevention and peak demand power management.

Going forward, Toshiba intends to proactively expand marketing of traction energy storage systems and other products that facilitate efficient energy use of energy, to railway companies in Japan and overseas.

Lamborghini Asterion Could Be Built After All

Concept Cars
lamborghini-asterion-07-1

Published on December 18th, 2014
by Christopher DeMorro

0

lamborghini-asterion-07-1

The Lamborghini Asterion concept is the first hybrid from the raging bull brand, but executives were quick to put the kibosh on production plans. Or maybe not? In an interview with Autocar, Lamborghini’s head of RD revealed that thanks to a positive public reaction, work on bringing the Asterion to production have taken another step forward.

The Asterion was a surprise move from Lamborghini, which up until its reveal at the Paris Auto Show had demonstrated little interest in plug-in vehicles. But with rivals like Porsche and Ferrari building high-end plug-in sports cars of their own, it became an issue of not if, but when Lamborghini would follow suit. But then Lamborghini’s CEO came out saying he’s “not interested” in building a plug-in supercar, and that seemed to be that, or so we thought.

Turns out the combination of being the most powerful Lamborghini ever and looking damn good was enough for an overwhelmingly positive reaction from the public at large. So although the Asterion might be a little late to the game, it did not disappoint with a 600 horsepower 5.2 liter V10 paired with two electric motors adding another 300 ponies to the front wheels. The resulting plug-in hybrid was good for a combined 900 horsepower, and though heavier than the Aventador, the electric motors more than made up for the weight increase by improving handling to previously unattainable levels.

“The motors work with the plug-in to assist the engine, but also support the dynamics with torque vectoring on the front wheels,” says Maurizio Reggiani, Lambo’s chief of research and development. “The motors can run at different speeds and with different torque levels, improving the agility of the car through the speed at which you can enter and exit a corner.” That makes the 500 pounds of extra motors and equipment worth the tradeoff, though engineers are working to bring that weight even further down before coming to production.

But don’t expect a fully-electric Lamborghini, at least not in the near future. Batteries are still too big and heavy for a true sports car, though the balance struck by the hybrid drivetrain seems about right for Lamborghini right now. It won’t happen tomorrow, but within the next five years expect a plug-in Lamborghini to enter the fray.

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Tags: Asterion, ferrari, lamborghini, Lamborghini Asterion, Maurizio Reggiani, Paris Auto Show, Porsche


About the Author

Christopher DeMorro A writer and gearhead who loves all things automotive, from hybrids to HEMIs, Chris can be found wrenching or writing- or esle, he’s running, because he’s one of those crazy people who gets enjoyment from running insane distances.


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There’s a familiar ring to this 1966 video of GM’s hydrogen ElectroVan

1966 GM Electrovan Hydrogen

«What we need is fuel cells that can run on a hydrocarbon fuel and air.»

It can be fun and educational to revisit the past as we look into the future. While we do have cars that plug in today, the first big batch of hydrogen powered vehicles is not yet arrived (but the Hyundai Tucson Fuel Cell CUV is leading the way). The idea of hydrogen as a promising future technology was also true in 1960s, when General Motors made a promotional movie for the ElectroVan. Turns out, the future then shared more than a little with the future now.

As you can see in the short promotional video below for the hydrogen-powered ElectroVan, a modified 1966 GMC HandiVan, a big hurdle in the mid 1960s was the difficulty of obtaining hydrogen fuel. GM offered a possible solution at the time: «Hydrogen and oxygen are expensive and impractical fuels for a car. What we need is fuel cells that can run on a hydrocarbon fuel and air.» Unlike today’s hydrogen fuel cell cars, the ElectroVan used liquid hydrogen-oxygen fuel cells to get a range of between 100 and 150 miles. Not bad for the first hydrogen fuel cell-powered vehicle in the world. GM tested the ElectroVan on the GM grounds before sending it into storage and then to the company’s heritage center.

For another view to the past, this time with some focus on electric vehicles, take a look at a video from the 1994 Chicago Auto Show, also available below. Twenty years ago, the green vehicle hype was on the Toyota EV-50 electric car, the solar-powered Honda EVX (and a solar Honda racing car) and a hydrogen-powered Mazda Miata. The announcer’s enthusiasm is contagious, but as we all know, none of these vehicles ever made it to dealerships.

Tesla Advocate Cuts 2020 Sales Forecast 40%

Economics
Tesla Stock Price

Published on December 18th, 2014
by Steve Hanley

2

Tesla Stock Price

I am lousy at picking stocks. In fact, the best way to make money in the stock market is to do exactly the opposite of what I do. I decided not to get in on Google’s IPO because I thought the price was way too high. I also advised my wife to buy a chunk of Lucent just a few weeks before the company went bankrupt. All of which is another way of saying I don’t know what I am talking about when it comes to picking winners and losers on Wall Street.

But others claim to actually know a thing or two about playing the stock market game. One of them is Adam Jones, an automotive analyst at Morgan Stanley. He has been a staunch advocate of Tesla stock for the past couple of years, but Forbes reports he lowered his estimate for its target price this week because he says Tesla will not meet its sales forecasts. Elon Musk has said that Tesla will sell 500,000 cars by 2020, but Jones now says that number is unrealistic and that the automaker will sell no more than 300,000 vehicles the end of the decade. As a result, he has lowered his target price from $320 a share to $290 a share.

So why is Tesla trading below $200 a share this week?

According to Seeking Alpha, the answer is simple. Tesla has been the beneficiary of good old fashioned “irrational exuberance”, as Alan Greenspan used to say, and its value is simply re-aligning with reality. It says Elon Musk has too much influence over the company for someone who is is dividing his time between Tesla and several other ventures. To support their claim, they point to this statement in Tesla’s most recent 10-Q filing with the Securities Exchange Commission:

“We are highly dependent on the services of Elon Musk, our Chief Executive Officer, Product Architect, Chairman of our Board of Directors and largest stockholder. Although Mr. Musk spends significant time with Tesla and is highly active in our management, he does not devote his full time and attention to Tesla. Mr. Musk also currently serves as Chief Executive Officer and Chief Technical Officer of Space Exploration Technologies, a developer and manufacturer of space launch vehicles, and Chairman of SolarCity, a solar equipment installation company (emphasis added).”

Seeking Alpha worries that the company has a history of not meeting its targets (the proposed Model X has been delayed by two years already) and has taken on too much debt. Those concerns are heightened by this statement from Tesla’s latest quarterly report, “We may still incur substantially more debt or take other actions, which would intensify the risks discussed above.” They point out that Tesla’s price to earnings ratio stands at 103.5 as compared to Ford’s, which is a more realistic 12.5.

Seeking Alpha’s position is summed up as follows, “Scaling up the Tesla model remains an expensive concern going forward. While I do like the company and I think it has tremendous potential, there are serious red flags investors should not overlook. Tesla’s stock is not worth buying until its price comes back down to earth.”

In other words, the oldest words in the world of commerce still apply: Caveat Emptor.

Graphic by StockChart.com via Seeking Alpha

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Tags: Adam Jones, Morgan Stanley, Seeking Alpha, Tesla, Tesla Motors, Tesla stock price, TSLA


About the Author

Steve Hanley I have been a car nut since the days when articles by John R. Bond and Henry N. Manney, III graced the pages of Road Track. I know every nut, bolt and bullet connector on an MGB from 20 years of ownership. I now drive a 94 Miata for fun and the occasional HPDE track day. If it moves on wheels, I am interested in it. Please follow me on Google + and Twitter.


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  • where is mark Spiegel the troll with the orange trump hue and bleached teeth to tell us how little Tesla stocks are worth?

    • Perhaps he is on his way over to your house? ; )

Half Of Nissan LEAF Owners Swear Off Gas For Good

Electric Vehicles
nissan-leaf-red

Published on December 18th, 2014
by Christopher DeMorro

1

nissan-leaf-red

Electric cars are more than just a revolution in reducing emissions; they are quieter, smoother, cheaper to operate than conventional car, and it’s making true believers out of owners. In a recent survey, more than half of Nissan LEAF owners said they would never go back to gas after driving electric, and 95% would recommend it to a friend.

That’s just a taste of the revelations brought about by the survey on the fourth anniversary of the first LEAF sale. For example, one Aston Martin owner traded in his sports car for a pair of LEAFs, and another LEAF owner claims he has spent just £400 ($626) in 22,000 miles of driving. 93% of LEAF drivers use it as the primary family vehicle, and 64% say it’s a better driving experience than conventional gas-powered cars, especially when it comes to fuel savings. The average LEAF owner reported savings of £250 a month, which gives you an idea of just how expensive fuel is in the UK, and 41% of owners say it has positively changed their view of driving in general.

Granted, this does come from a country that can be crossed in less than a day. However, studies have shown that even the 83 miles of the Nissan LEAF is enough to cover about 95% of daily driving trips, even in America. For everything else, there’s the Tesla Model S, though LEAF sales have taken off in the past year, especially in the US and Europe.

I know electric cars still aren’t for everyone, but as more people get behind the wheel, the benefits EVs will become better known. Not only do they cost less in fuel, but maintenance is pretty much non-existent, as is motor noise, and the seamless shiftless transmission means no more herky-jerky shifts as you accelerate. With more than 150,000 Nissan LEAF EVs now in service across the globe, going electric is proving to be more than just a fad. It’s a better way to drive.

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Tags: Europe, gas-powered cars, LEAF, Nissan LEAF, study, UK


About the Author

Christopher DeMorro A writer and gearhead who loves all things automotive, from hybrids to HEMIs, Chris can be found wrenching or writing- or esle, he’s running, because he’s one of those crazy people who gets enjoyment from running insane distances.


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  • Even with my i-MiEV, I swore off gas. With my LEAF, it’s even a more-distant memory.

    The benefits of an EV outweigh the limitations in my opinion.