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Tesla lowers Model S lease price, adds 3-month 'happiness guarantee'

Tesla Motors is offering an enticing deal for potential buyers who might not be entirely sure whether they actually want to own a Model S for the long term. A deal through US Bank not only lowers the cost to lease the EV but also turns leasing the brand's electric sedan into a long-term rental.
Curious buyers who lease a Model S are now able to return it in the first three months with no penalties and with the remaining payments waived, something Tesla is calling the "happiness guarantee." CEO Elon Musk announced the deal on the company's blog, and he said the payments were also as much as 25 percent lower because US Bank "has a much lower cost of capital than us." Currently, a Tesla lease starts at around $800 and can be up to $1,300, with down payments around $6,500. Tesla leasing is available in 38 US states (full list below).
Of course, there is a catch for the offer. If people turn in their Model S within three months, they can't immediately lease another one. Musk doesn't say how long the wait is.

Recharge Wrap-up: Tesla considers Model III SUV and wagon, Ford tears Tesla apart

Worries over Brazil's electric grid mean EVs are excluded from green car incentives. As part of a new efficiency program, non-plug-in hybrids will be eligible for a reduction in import duties, while EVs and plug-in hybrids will not. Brazil's government is concerned that the country's grid lacks the capacity to handle the increased load from an influx of EVs. Brazil plans to create a new incentive program - perhaps a more inclusive one - when the current one expires at the end of 2015. Read more at Green Car Reports. Tesla could make SUV and wagon derivatives of the upcoming Model III sedan. Tesla's VP of engineering, Chris Porritt, told Auto Express that to reach as many customers as possible, Tesla would consider all its options. "SUVs, estates - who knows?" says Porritt. He also says that while the company is currently focused on products with a broader appeal, another Roadster or other sports car aren't out of the question in the future. Read more at Auto Express. Ford admits to a Tesla Model S teardown. Ford CEO Mark Fields says that after disassembling, reassembling and driving the model S, his company is "very familiar with that product." He also says the Ford has the capability to build a similarly high-tech, long-range electric car. The questions still remains if Ford has plans for such a vehicle, but Fields says that it fits within Ford's "product philosophy." Read more at Business Insider and at USA Today.

Toyota sells off Tesla shares, too

The incredible rise of Tesla's stock price has done little to now stop two major shareholders from ditching their stake in the American EV manufacturer. First, Daimler, parent company of Mercedes-Benz, ditched its four-percent stake, and less than a week later, Toyota is doing the same thing, selling off an undisclosed bit of its Tesla investment.
The move comes as Toyota winds down sales of the RAV4 EV, which gets its batteries and electric motor from Tesla at the company's Fremont, CA factory.
"We have a good relationship with Tesla, and will evaluate the feasibility of working together on future projects," Toyota spokesperson Kayo Doi told Bloomberg via email.

The Price Is Right plays One Away with Tesla Model S

When it comes to game shows, The Price Is Right is about as mainstream as American TV gets, beaming lust for fancy new prizes into millions of homes every day. Recently, the show held its annual Dream Car Week, which this year included a Tesla Model S along with a Porsche Cayenne, a Land Rover Range Rover Sport, a Maserati Quattroporte and an Aston Martin V8 Vantage.
The contestant invited to come on down an take a crack at the bright-red Model S was Vanessa Ansoorian, who told host Drew Carey that she had originally promised her brother a car if she won one, but once she saw what it was, she began rethinking her stance. Of course, before being able to drive away with the electric car, she needed to win the game, which in this case was One Away. That means that she got a string of numbers - 6-8-4-1-1 - and needed to move each digit up or down one to find the car's price. Can you get it? We won't give away the right answer, or if she won the car, but we look forward to your guesses in the comments below, where you can also watch the tense video clip.
In 2010, The Price Is Right also offered up a Tesla (in that case, a Roadster) on Earth Day. You can see how that attempt went here.

Former Fisker CEO has some advice for Tesla Motors

Former Fisker Automotive CEO and ex-Chevrolet Volt vehicle-line director Tony Posawatz has some words of caution for Tesla Motors. The long-time automaker executive questions the California automaker's long-term viability – and gives some praise – in a talk with Benzinga, which you can listen to below. While the all-wheel-drive D that Tesla unveiled earlier this month in Southern California wowed a packed crowd, Posawatz (starting at around minute 4:45 in the interview) says Tesla would've been better off taking the resources it expended toward that Model S upgrade and directed them towards speeding up the development of a more affordable plug-in. Perhaps a number of investors agreed, since the company's stock fell the day after the D was announced. Posawatz says Tesla has been over-reliant on the sale of ZEV credits. Posawatz also says that Tesla has been over-reliant on the sale of zero-emissions vehicle credits in California for its earnings and questions whether the automaker will ever work at a large enough scale to sufficiently drive down costs and make consistent profits. Tesla CEO Elon Musk would take issue with this characterization. Posawatz first made his mark in the plug-in vehicle world when he was the vehicle-line director at General Motors for the Volt extended-range plug-in from 2006 to 2012. Later that year, he joined extended-range plug-in maker Fisker Automotive as its CEO, though quit that job during the summer of 2013 as the company was descending into insolvency. He joined the Electrification Coalition this past March. News Source: Benzinga Green Chevrolet Fisker Tesla Electric PHEV Tony Posawatz

Daimler divests remaining interest in Tesla

Back in 2009, Daimler acquired over 9 percent of Tesla. A couple of months later, it sold 40 percent of that stake to Abu Dhabi-based Aabar Investments. The following year, Tesla listed on the stock exchange and Daimler's interest was reduced to 4 percent. But now the German industrial giant has announced it is selling that 4 percent and divesting from Tesla altogether in a liquidation that is expected to raise approximately $780 million for Daimler. The divestment has also triggered speculation that the move could make room for rival German automaker BMW to take an interest in Tesla.
Despite the divestment, Daimler insists that its technological partnership with Tesla will remain unaffected. Mercedes sources the batteries for its B-Class Electric Drive (pictured above) from the Californian outfit in a deal that is not set to change as a result of the financial realignment. A similar collaboration was in place for the Smart Fortwo Electric Drive, however, now that the new generation of Smarts developed with Renault is on its way, it's possible that a next-generation Fortwo ED will use French tech instead as an extension of the partnership between Daimler and Renault-Nissan.
Daimler has also taken the occasion to point out that, between the Mercedes, Smart and various truck brands, it offers "the industry's biggest portfolio of electric vehicles," including pure EVs, fuel cells and hybrids. The automaker says it will introduce ten new plug-in hybrid Mercedes models by 2017.

Nissan edges out Tesla for most ZEV credits sold in California

When it comes to California zero-emissions vehicle (ZEV) credits last year, Nissan was selling and Mercedes-Benz was buying. The California Air Resources Board (CARB) put out its ZEV-credits numbers for the year that ended September 30, which is why we now know that Nissan, maker of the battery-electric Leaf, transferred 663.6 ZEV credits out of its account last year. That just edged out the 650.195 credits that Tesla sold. Chrysler's Fiat affiliate was a distant third, but its limited-production Fiat 500E was still able to generate some ZEV credits and then transfer out 235.2 of them. We don't know how much the buyers paid for these credits, since those details are kept private. It's an ever-changing rulebook over at CARB, anyway. On the flip side, Mercedes-Benz had to buy 663.6 ZEV credits in order to comply with clean vehicle-sales mandates in the most populous US state, indicative of the German automaker's gas-guzzling tendencies. Honda has cars that get better fuel economy than your average Benz, but its plug-in vehicles represent just a fraction of total sales and so it had to shell out for 542.5 ZEV credits. Chrysler-Fiat basically tread water, since the 237.8 ZEV credits it required for compliance canceled out gains on the other side of the ledger. Those Dodge Ram pickup trucks don't exactly help matters. Last year, Tesla sold the most ZEV credits while GM purchased the most. Overall, Californians bought about 3.5 million vehicles for the year that ended September 30, including 38,000 battery-electric vehicles, 30,000 plug-in hybrids and 570,000 conventional hybrids. The longstanding ZEV program means that California now has more than 100,000 ZEVs on its roads. Read this for more details on ZEV credit transfers in California. Featured Gallery 2013 Nissan Leaf View 55 Photos News Source: California Air Resources Board via Green Car Congress Government/Legal Green Mercedes-Benz Nissan Tesla Electric California zev credits

Recent Tesla Model S buyers frustrated over new features

Tesla wowed the motoring world when it recently unveiled the all-wheel drive, dual-motor D version that added power and range to the already well-regarded Model S. At the same time, the company showed off a new suite of safe-driving tech like a forward-looking camera, radar and ultrasonic sensors to come standard on all models. While the new features might attract some new buyers into the fold, for a few current owners the upgrades aren't coming as a pleasant surprise at all. Some of them are rallying for Tesla to fix things somehow.
These disgruntled owners aren't upset about what any of the new features actually do; in fact, they love them. The issue is Tesla's secrecy before the reveal. A few of these folks bought their cars just a few months ago, some even in September, according to The San Jose Mercury News. If the upgrades had been publicized earlier, then they would have waited to order versions with the latest and greatest tech.
Some of them are already on the web lodging their complaints. According to The San Jose Mercury News, the website Change.org has competing petitions asking Tesla to find a way to retrofit the features, which the company says isn't possible, and another requesting the automaker to ignore the complainers.

Tesla loses top communicator Simon Sproule to Aston Martin

Looking for a new job? Have experience working in a frenetic environment, promoting cutting-edge mobility products for a demanding boss determined to change the way we travel on this planet, as well as how we trek to others? We hear Tesla Motors just might have an opening for such a person. Again. Simon Sproule, the electric automaker's vice-president of communications and marketing is vacating his cubicle after a mere six months in order to become the chief marketing officer (CMO) over at Aston Martin. That position had gone begging for a year until this appointment. Once he's settled into his new digs, Sproule will again be breaking rock with former Nissan associate Andy Palmer who himself recently took the top spot at the British luxury marque. The move comes at what seems like an inopportune time for Tesla. It has a big D product announcement – suspected to be an all-wheel-drive update of the Model S – scheduled just two days from now and the reveal of its "mass market" Model ? early next year. The company declined our offer to comment on the situation. Aston Martin, on the other hand, should be happy to finally have someone at the marketing helm, what with the recent dropping of the veil from its Lagonda sedan and what's likely to be a bevy of new product built on its forthcoming platform. News Source: PR WeekImage Credit: Haruyoshi Yamaguchi / Bloomberg via Getty Images Green Marketing/Advertising Aston Martin Tesla simon sproule

Tesla spies something that begins with the letter D

Lest there be any doubt to the contrary, Tesla is a company on the move. Following the sensational Tesla Roadster, the Model S is now humming down roads across the country and around the world. And there's more to come: the entry-level Model 3, the upcoming Model X crossover... and something else. Two somethings, to be precise, going by this latest, cryptic tweet from Tesla chief Elon Musk.
The image enclosed appears to show the front of a Model S peering out from under a partially open garage door emblazoned with the letter D. Just what that letter stands for, we don't know. Usually we'd guess it stood for "diesel," but given that Teslas are powered purely by electricity, that'd probably be viewed as a backwards step. Drive? Possibly, if Tesla has an all-wheel-drive sedan in the works (which is does).
Whatever it is, we'll have to wait until October 9 before Tesla reveals the full thing. At that point it will also reveal "something else," though it's given even less indication as to what that might be. The Model 3? Production-ready Model X? A new Roadster? We'll find out in a week's time.