2016 Tesla Model S 85d on 2040-cars

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Tesla not bought with Bitcoin currency after all?

The story we posted about a dealership accepting Bitcoins as payment for a Tesla Model S is reportedly only partially true. Lamborghini Newport Beach instead used BitPay to exchange the electronic currency for US dollars before completing the sale, according to "Squawk on the Street" on CNBC.
"We found out that by using a little program that Bitcoin uses, which is actually BitPay, we would have received US dollars," Pietro Frigerio, general manager of the dealership, says in the interview. "It's like if you come into the dealership and you want to buy a Lamborghini using gold bars, we would not accept it. So you'd go out, exchange it, and you'd come back to us. That was how it worked [with the Tesla and the Bitcoins]."
Frigerio says that the dealership doesn't accept Bitcoin as a currency and only accepts US dollars as payment for its vehicles. That said, we wouldn't be surprised if using BitPay to turn Bitcoins into US dollars for the used Model S purchase was actually easier than going through a more traditional financial establishment. Head over to CNBC to check out the "Squawk on the Street" interview with more details.

In-demand BMW i8 deliveries start in June, and it's more efficient than we thought

Memo to Elon Musk: objects in the rear-view mirror may be closer than they appear. In this case, it's a couple of plug-in BMWs. And they represent the closest thing to a true competitor for Musk and the Tesla Motors electric vehicles. The German automaker re-confirmed that demand for its upcoming i8 plug-in hybrid will exceed the initial supply batch, though BMW didn't release any specific numbers, Reuters says. BMW will start production next month with deliveries commencing in June for the 362-horsepower i8. The news is consistent with a November estimate from BMW that indicated that the first year of i8s were essentially spoken for in advance. We learned in late January that the number of i3 battery-electric vehicles imported to the US won't meet demand during that vehicle's first year of sales either. Here's the thing: all these people were interested in the i8 when BMW said the car got the equivalent of 94 miles per gallon. Turns out, those calculations were a bit off. Reuters also notes that the new numbers show the i8 gets 112 MPGe. That's on the lenient European cycle, but if anyone was holding out for an i8 with triple-figure fuel economy, your time (to get on the waiting list) has come.Motley Fool proposed late last month that BMW is positioned to be Tesla's only real competition when it comes to high-performance plug-in vehicles. The reasoning was that the BMW plug-ins, like the Teslas, are being built from scratch and don't just have EV powertrains dropped into existing vehicle platforms. Whether or not the competition is truly a two-team race is something we're not sure is completely decided yet, but we know it'll be fun to watch unfold either way. Want proof? Check out Autoblog's enjoyable First Drive of the i8 here.

Tesla recalling 29,000 Model S wall chargers to prevent overheating

Tesla's big wall charger adapter replacement program is about to get a lot bigger. For one thing, the replacement has become an official recall. Secondly, the number of affected adapters is higher than expected: 29,222 units. The National Highway Traffic Safety Administration officially announced the recall today. Tesla says that the problem lies in "certain NEMA 14-50 (240 volt) Universal Mobile Connector (UMC) adapters" and that the problem is that the adapter, cord, or wall outlet can overheat during charging. This possibility came to light in a garage fire in California in November and has resulted in some melted adapters since then. As we know, step one in solving this problem was an over-the-air software update (version 5.8.4 or later) that would shut off charging if things got too hot in November. Then, late last week, Tesla CEO Elon Musk said his company would send out the replacement wall adapters that has thermal fuses built in. We wondered at the time if this would lead to an official recall, since the charging unit is not, technically, part of the car. It has, even though at the Detroit Auto Show today, Tesla representatives testily said that the even if NHTSA calls it a recall, Tesla just calls it modern technology (Update: and now Elon Musk is chiming in on Twitter). You can read the entire recall notice below and find more details in in the letters between Tesla and NHTSA in this gallery. Tesla says just 2.7 percent of its UMC adapters had been returned because they were defective. This content is hosted by a third party. To view it, please update your privacy preferences. Manage Settings. Tesla has had recalls before, bringing the Roadster in for auxiliary cable issues and the first for the Model S because of seat latch problems. This new recall doesn't mean that Tesla has sold 29,000 Model S EVs – people could have purchased one for home and work, or not bought one at all – but it does imply that the number of Model S units sold is inching close to the 30,000 milestone. We should know more when the company releases Q4 2013 information next month. Report Receipt Date: JAN 13, 2014 NHTSA Campaign Number: 14V006000 Component(s): EQUIPMENT Potential Number of Units Affected: 29,222 All Products Associated with this Recall Manufacturer: Tesla Motors, Inc. SUMMARY: Tesla Motors, Inc.