How Tesla (NASDAQ:TSLA) Crushes the new Hybrid Lexus
Modern Energy Roundup - August 27, 2012
The GS 450h, the new generation hybrid version of the Lexus GS 350 looks like it's going to deliver an EPA-rated 31 mpg. This is a 35% improvement over the previous generation, and of course, a complete yawnfest. I get that this is about luxury and not necessarily fuel economy, but I'd happily take a Tesla Model S over a 31-mpg Lexus any day of the week. You can get a Tesla Model S for about $58,000 before the $7,500 tax credit. The 2013 Lexus GS 450h is priced at around $59,000. If I'm dropping $60k on a car, you have to at least give me the same fuel economy as a 50 mpg Prius. The Tesla Model S, by the way, delivers about 160 miles on a single charge. With that, I'd never have to pull into a gas station again. Unless maybe I wanted to grab a candy bar or bag of chips.
It was once the world's largest maker of solar cells. But around 2009, Q-Cells reluctantly handed over that title to a handful of low-cost suppliers from China. And today we learn that South Korea's Hanwha Corp (NASDAQ:HSOL) is looking to buy the now insolvent German group. Of course, this comes as no surprise to those of you who are regular readers of these pages. We've been preaching about, and watching unfold, the continued consolidation of the solar industry. We expect to see more of this throughout the rest of this year and well into 2013 and beyond. We believe that by 2015, there will be fewer than a dozen major solar players operating globally. For now, we continue to watch everything play out from the sidelines.
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