There’s that uncomfortable juxtaposition of words again: “Tesla” and “fire.”
This time was quite an accomplishment by the electric automaker’s publicity department: they kept the Irvine, Calif. garage fire quiet for over a month. The secrecy expired on the November 15 incident when the Orange County Fire Authority attributed the incident to the EV’s re-powering set-up, according to a report obtained by Reuters.
“The fire occurred as a result of an electrical failure in the charging system for an electric vehicle,” the report said, while stating the cause of the fire is unclear. “The most probable cause of this fire is a high resistance connection at the wall socket or the Universal Mobile Connector from the Tesla charging system” which was plugged into a 240-volt wall socket, the report said.
CEO Elon Musk (pictured with President Obama) and his PR mavens have been putting out image “fires” … Read More ➡
The full implementation of the incandescent light bulb ban takes effect in two weeks, which in the U.S. government’s anti-liberty wisdom will effectively eliminate the competition to companies like Cree, Inc., who one industry analyst has said is trying to do a “land grab” of the alternative lighting market.
Besides the illegalization of the Thomas Edison’s filamentous light, Cree last week received a $30 million tax credit from the Department of Energy to expand its manufacturing in Racine, Wisc. and Durham, N.C., where it is also headquartered. That was the second installment for Cree from the Advanced Energy Manufacturing Tax Credit Program, which was funded by $2.3 billion from the Recovery Act. The first windfall for Cree from the stimulus was a $39-million tax credit, as well as $1.8 million for research and development. This is in addition to millions of dollars in federal grants and contracts, … Read More ➡
Thirteen of Fisker Automotive executives made more than six figures in the past year, despite manufacturing zero cars.
The news was first reported Wednesday afternoon on the automotive Web site Jalopnik.com, and later in the evening by the Delaware Journal. Jalopnik often gets the scoops when electric cars catch fire. For those unaware of the ugly saga, Fisker declared bankruptcy at the end of last month after squandering more than $1.4 billion in private investment and losing $139 million of taxpayers’ money.
According to news reports, including one from the Journal a year ago, not a single Fisker Karma – the $102,000 (base price) luxury electric plug-in embraced by the likes of Leonardo DiCaprio and Al Gore – has been produced since July 2012. Hopeful workers in Wilmington, Del. –where company officials and local politicians loudly announced the revival of a former General Motors plant for the … Read More ➡
A survey of 400 chief financial officers at U.S. firms released yesterday said that if the country is moving toward a jobs recovery, then Obamacare will stunt it.
The findings, which received little media attention, were part of a quarterly review of corporate leaders whose fingers are on the pulse of the plans of their companies. Conducted jointly by Duke University’s highly regarded Fuqua School of Business and CFO Magazine, many of the questions have to do with how the officers feel about the outlook of the economy, but also give indications about what they will do in the future. In the final survey of 2013 (they have conducted it for 71 consecutive quarters), 48 percent of U.S. CFOs said they will consider reducing employment because of the Affordable Care Act. More than forty percent said they might move some workers to part-time status to avoid employer mandates within the … Read More ➡
Friday’s announcement by the Obama administration that it will allow wind energy companies to kill certain bird species for 30 years without legal ramifications shows that its $1 million paltry fine of Duke Energy for avian slayings a week earlier was just for show.
Slamming the president for the application of double standards, not enforcing laws it doesn’t like, and acting unilaterally without Congressional authority is nothing new. It’s not often, though, you see such an obvious policy contradiction appear within such a short period of time. And now, without need to worry about re-election, he can pit his environmental constituencies against each other (wildlife protection vs. green energy promotion).
The latest decision, by the U.S. Fish and Wildlife Service, extends the maximum possible term for permits to “take” (“molest or disturb”… “take, possess, sell, purchase, barter, offer to sell, purchase or barter, transport, export or import…”) from … Read More ➡
There’s a postscript to the Fisker Automotive bankruptcy story from earlier this week: The actions by the Department of Energy in awarding the unworthy luxury electric automaker a $529 million loan gave them validation, to the point where the state of Delaware made its own “investment” with state taxpayers’ money in the company.
Now that the collapse is official, Delawareans are out too.
To be sure, state government officials are accountable for their own foolish decisions. They committed $21 million in public money to the California-based company, in exchange for a promise to take over a former General Motors manufacturing plant to build its second electric car model, the Atlantic. But rather than generate thousands of “green jobs,” instead the factory sat dormant while Gov. Jack Markell and the state’s economic development officials waited for Fisker to come and resurrect the plant to life again. It never happened, and … Read More ➡
An incident blew up in the media this week, in which a Georgia owner of an electric car was arrested, after he plugged in his Nissan Leaf at a DeKalb County middle school without permission.
Except, unable to resist a good spin, journalists glommed on to the sympathetic portrayal of the Leaf owner’s seeming inconsequential crime: He only stole a nickel’s worth of electricity. If you didn’t dig very far into the story, you’d see the portrayal of driver Kaveh Kamooneh victimized by a cold, unyielding police officer in the Atlanta suburb of Chamblee. Worse, the officer’s boss, Sergeant Ernesto Ford, said, “I’m not sure how much electricity he stole. He broke the law. He stole something that wasn’t his.”
You’d think from the account that Kamooneh was the electric vehicle-driving version of Jean Valjean, the peasant of the novel Les Miserables who received a five-year sentence for stealing … Read More ➡
Following incidents in Washington state, Mexico and Tennessee, the National Highway Traffic Safety Administration announced it would probe fires that occurred recently over a six week period in Tesla Motors’ electric Model S.
And this week, as revealed in a Detroit News story, the NHTSA looks like they’re serious – at least more serious than Germany’s transportation safety authority.
Why bring up Germany? Because as the regulatory heat bears down in the U.S. on Tesla and high-profile CEO Elon Musk, they have trotted out the Eastern Europe nation to demonstrate that they’ve been absolved of any culpability in the fires. The media that has mostly fawned over the electric automaker helpfully amplified the development, which certainly Musk welcomed. He even got a slight recovery in the company stock price as a result.
On Monday Tesla posted a press release that claimed the company received an inquiry … Read More ➡
Fisker Automotive declared bankruptcy last week, inspiring the eternally optimistic Obama Department of Energy to crow about its achievements again.
“Recognizing that these investments would include some risk, Congress established a loan loss reserve for the program, and the Energy Department built in strong safeguards to protect the taxpayer if companies could not meet their obligations,” Bill Gibbons, an agency spokesman, said in an e-mail to Bloomberg News. “Because of these actions…the Energy Department has protected nearly three-quarters of our original commitment to Fisker Automotive.”
Leave to the Obama administration hucksters to sell yet another green energy loser as a gain for the taxpayers. With this bankruptcy, it’s a $139 million loss that DOE gets to spin. The stellar defenders of the public purse originally thought Fisker was worth a $529 million risk, but quickly recognized that mistake and stopped paying at $193 million. Ever since it’s been a … Read More ➡
Last week’s punishment/settlement between the Department of Justice and Duke Energy over bird deaths caused by its wind turbines gives evidence that the Obama administration needed a scapegoat, to defuse accusations that it applies a double-standard in enforcement of wildlife laws.
The Friday before Thanksgiving both parties announced that Duke would pay $1 million for the deaths of more than 160 birds that are protected by the Migratory Bird Treaty Act. The incidents occurred over the last four years at two Wyoming sites operated by the utility’s Duke Energy Renewables subsidiary.
“This case represents the first criminal conviction under the Migratory Bird Treaty Act for unlawful avian takings at wind projects,” said Robert Dreher, acting assistant attorney general for the Justice Department’s Environment and Natural Resources Division, in a statement.
That’s nice. The problem is the timing of the action coincided with a response by the Justice Department to Republican … Read More ➡