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Panasonic ready to start big investment in Tesla Gigafactory

To paraphrase Dr. Evil from Austin Powers: International Man of Mystery, why spend a trillion when you could spend ... billions? That's what Panasonic is saying about its investment in Tesla's gigafactory, though there's a catch. The billions are in Japanese yen. Yes, Panasonic will invest "tens of billions of yen" into the Gigafactory slated for the great state of Nevada, Reuters says, citing comments from Panasonic Chief Executive Kazuhiro Tsuga. That's not exactly specific, but 10 billion yen is equal to about $92 million. We've heard Panasonic's share of the new factory could be as high as $2-3 billion, but at least now we have a starting point Whatever Panasonic's kicking in, Nevada is also ponying up a pretty penny. Last month, Tesla said it would build the factory near Reno after reaching an agreement that calls for about $1.2 billion in incentives from the state over a 20-year period. Tesla and lithium-ion battery maker Panasonic officially announced their gigafactory partnership in late July, though Panasonic wasn't talking numbers at the time. All told, the plant is expected to cost about $5 billion to build and is considered necessary for Tesla to reach the scale to build its planned $35,000 EV, the Model 3. That's because the factory is will have the capacity to produce about a half-million (no, we didn't say "billions") electric vehicles a year.

Cost to drop 691 horsepower in your Tesla Model S P85D? $14,600

Not mentioned during the much-hyped announcement event last night for the Tesla Model S Dual Motor "D" and Autopilot "A" options were how much those advancements will cost. Today, Tesla updated the Model S order page and those pesky little numbers are now available. As it turns out, opting for all of the features mentioned last night will add over $18,000 to the price of your $93,400 Model S P85. To get all of the benefits mentioned last night will add over $18,000 to the price of your Model S. Let's start by revealing the D's price. To add the second-motor to either the 60- or the 85-kWh Model S costs $4,000. That drops the 0-60 time by 0.2 seconds and ups the top speed by five miles per hour in the 60 (to 125 mph) and 30 mph in the 85 (to 155 mph). Interestingly, the overall horsepower output (according to Tesla) is 4 hp lower (376 compared to 380), but the car apparently gets the speed benefits by putting 188 hp on each axle. On the P85D, everything's different. Here, Tesla isn't just dividing the motor into two smaller versions. Instead, the old 470-hp motor is replaced by a "High Performance Dual Motor" setup that has a total output of 691 hp, 221 hp in the front and 470 hp in back. That's how you get the headline 3.2-second 0-60 time alongside the same 155 mph top speed, but the price tag jumps to $14,600 for the setup. Tesla CEO Elon Musk said last night that the tremendous drop in 0-60 time gets you 10 miles of extra range from the dual-motor setup. But if you don't need the quickness, you can go even further. Without the dual motors, an 85-kWh battery Model S can go 265 miles (EPA numbers). The standard 85D gets its range increased to 295 miles at 65 mph (according to Tesla's numbers) while the quicker P85D can "only" go 275 miles. Dual-motor Model S versions will begin deliveries in February 2015. The A option, officially called the "Tech Package with Autopilot," costs $4,250. This is the way that you can get your Model S to drive itself (on private property) and act as an active safety net to your own driving on public roads. Since all Model S EVs now come standard with a new forward-looking camera, radar and 360-degree ultrasonic sensors, the "Autopilot" part of the package would appear to be mostly a software switch. The rest of the package is rounded out by things like seven years of free navigation map updates, LED running lights, memory seats and more.

Pennsylvania, Tesla approach five-store compromise [UPDATE]

In the Keystone State, the compromise number between zero and unlimited is five, apparently. Pennsylvania's Senate applied that math in an attempt to resolve the issue of allowing Tesla Motors to operate company-owned stores in the state. The senate this week unanimously voted for a bill that will allow Tesla's operations, but placed a limit on the number of stores at five. The bill will now go to the state's House for approval, according to Automotive News. Earlier this month, trade group the Alliance of Automobile Manufacturers went on record against the lack of limits on Tesla-owned stores in Pennsylvania. While the group was neutral on the issue of whether Tesla could work around the traditional third-party dealership network to sell its electric vehicles, the group said allowing Tesla to own an unlimited number of stores in the state created an unfair advantage for the California-based automaker. The trade group is now on board with bill as currently drafted because the store limit is similar to that of nearby states such as Ohio and New York. Tesla has one store in King of Prussia, Pennsylvania, with another slated for Devon. *UPDATE: Diarmuid O'Connell, Tesla's vice president of corporate and business development, wrote in an e-mail to AutoblogGreen that the company was "pleased" with the Pennsylvania's senate vote, and that the state's bill "serves the interests of Pennsylvania's consumers while enabling all parties, including lawmakers and auto dealers, to avoid unnecessary and potentially protracted conflict."