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Budget watchdog warns Tesla Gigafactory fight could be 'race to the bottom'

How desperate are the states in the US Southwest for a Tesla Gigafactory? Maybe a little too desperate, according to the California Budget Project. CBP says that the five states that are vying for the new big battery plant from Tesla and Panasonic are really in a "a race to the bottom from which no real winner may emerge." The CBP issued an open letter to leaders in those states that called for "greater openness in the process, strong accountability measures, and cooperation – not competition – among the states." Basically, what CBP is saying is that Tesla is trying to get too good a deal from whichever of the five states (Texas, Nevada, New Mexico, California or Arizona) will be picked for the Gigafactory to be built (well, the first one, at least). We have known for a long time that these states are fighting amongst themselves, and the CBP says that even though the Gigafactory is "undoubtedly a valuable source of economic growth for its eventual home state," since the public bidding process starts at $500 million in subsidies, the five states 'have more to gain from cooperation than from competition." After all, Tesla has made it clear that it needs the Gigafacatory to make its cheaper EV a reality, so CBP is suggesting that the states communicate with each other so that no one offers too many tax breaks in the "harmful pattern of one state 'winning' a high-profile competition." The $500 million could be better spent on other things, CBP argues, and wonders if Tesla would be "receptive to a multi-state dialogue." Your Houston News notes that Tesla is asking the states "not to discuss their offers, and states aren't talking." Tesla did not have anything more to add to AutoblogGreen, but the company has said that an official announcement on the location of the first Gigafactory is coming toward the end of this year. For now, you can read CBP's open letter in full below. An Open Letter to Five States' Officials About Tesla Motors The announcement earlier this year by Tesla Motors that it planned to establish a major electric-car battery factory in one of five western states has set off a bidding war among officials in these states. Yesterday, CBP Executive Director Chris Hoene joined with leaders at Good Jobs First and peer organizations in the other states to direct an open letter to state officials calling for greater openness in the process, strong accountability measures, and cooperation - not competition - among the states.

Elon Musk is Vanity Fair's number one 'disrupter'

Elon Musk's leadership of Tesla Motors has transferred well to pop culture. In this case, the electric-vehicle maker's CEO has popped up as Number 1 on Vanity Fair's annual "disrupters" list. Musk jumped from No. 5 last year and for 2014 came in ahead of Google co-founders Larry Page and Sergey Brin; Apple's Tim Cook and Jonathan Ive; and Facebook's Mark Zuckerberg. Pretty healthy company. Vanity Fair pegged Musk's net worth at $12.9 billion, thanks in part to Tesla's stock climbing up about 70 percent in the past year (despite a recent dip) and has surged by a factor of 16 since the initial public offering in 2010. It also can't hurt that Tesla scored about $1.2 billion in government incentives when it agreed earlier this month to build its gigafactory in Nevada. Additionally, Vanity Fair feted Musk for his involvement in both space-exploration company SpaceX and home solar-panel provider SolarCity and described Musk's marital status as "complicated." VF just loves that stuff. Perhaps most impressive is the fact that Musk was the only auto executive to end up on either the publication's "disrupters" list or its "powers that be" list. The latter was headed by Fox's Rupert Murdoch, Walt Disney's Bog Iger and Comcast's Brian Roberts and Steve Burke. You can read Vanity Fair's write-up of Musk here.

How does Tesla Model S P85D acceleration compare in Sport vs. Insane mode?

Drag Times has gone and measured the Tesla Model S P85D against... itself. The electric, all-wheel-drive sedan has two modes, Sport and Insane, so Drag Times found a lonely stretch of road, lashed up a Vbox and compared the acceleration in each mode. The results were everything we've been promised: 3.17 seconds from 0 to 60 miles per hour in Insane mode, 4.04 seconds in Sport. That compares to 5.2 seconds for the non-Performance version of the dual-motor Model S, the 85D, but it's not like it's really fair: the P85D has 691 horsepower and 864 pound-feet of torque. That's the insane part. We're looking forward to January 18th, when they're going to drag-race 12 Model S' against each other and various exotics at Palm Beach International Raceway. Meanwhile, you can check out the Drag Times acceleration runs in the video above. News Source: Drag Times Green Tesla Electric Videos Sedan acceleration