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GM admits Cadillac ELR no real competition for Tesla Model S

Last year, then-CEO of General Motors, Dan Akerson, made it clear that the company lookouts at the Ren Cen had California automaker Tesla in their sights. "If you want to compete head-to-head with Tesla, and we ultimately will, you want to do it with a Cadillac," he said. So, given the fact that the Cadillac ELR has a plug and sells for roughly the same price at the Tesla Model S ($75,000 vs $69,900, before incentives) and that Cadillac doesn't have any other electric vehicle on the horizon, you'd be forgiven if you thought that the way that Akerson wanted to challenge Tesla's EV success was with the ELR. Well, you'd apparently be wrong. "The ELR is a different car, it's a different price point. It's way-different technology." - GM's Mark Reuss Speaking yesterday in Detroit, GM's head of global product development, Mark Reuss, admitted that the ELR is not the Tesla competitor that Akerson promised. "People like to say the ELR is [competition for the Model S], but it's really not. It's a different car, it's a different price point. It's way-different technology." So, if we follow that logic to conclusion with Akerson's quote from last year, then the only way that Cadillac can eventually compete with Tesla is with a pure electric car, and that seems an outside chance, at best, for the foreseeable future. Through the end of July, Cadillac has sold 578 ELRs since it went on sale earlier this year. Tesla doesn't break out monthly US sales, but has sold 15,114 Model S EVs around the world in the first six months of 2014. For his part, Tesla CEO Elon Musk has already said that GM is headed down the wrong path with plug-in hybrids like the ELR or the Chevy Volt. Speaking about the Volt last year, Musk said, Chevy "sort of created something that's a bit of amphibian," which resulted in a car that's, "Okay but not great."

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.

Automaker interest in open Tesla EV patents is decidedly lukewarm

Tesla Motors made big headlines when CEO Elon Musk announced a few weeks ago that he would open up all of the automaker's patents. The response has been interesting, to say the least, with some electric vehicle advocates and investor groups praising the news and others saying that what Musk did wasn't all that big a deal, in the end. "No major car company would be foolish enough to use Tesla's patents." – Motley Fool The Motley Fool, for example, says that the patents themselves are not all that revealing since, "There often is only so much information that you can get from a patent. Only Tesla knows how to put it all together in a cost-effective manner." And who's to say that once you dig into the patents, they won't be outdated? A search of the US Patent Office reveals 1,444 patents for "Tesla and motors" including some from inventor Nikola Tesla and other sources. The Washington Post says Tesla Motors itself only has around 300 patents. The Motley Fool also notes that Musk's statement was not a legal document and that, "no major car company would be foolish enough to use Tesla's patents based on some undefined words in a blog post by one executive who may not even be working at Tesla in five years." Then there's the fact that the battery technology that Tesla uses, linking up thousands of small format cells from Panasonic, is not something most other automakers have expressed an interest in. The cell patents belong to Panasonic and most automakers use larger format cells anyway. Still, there is some excitement over the announcement in the EV space. The most concrete evidence we have of a major global OEM working with Tesla are the stories about BMW and Nissan meeting with Tesla in secret to discuss charging technology. Details are sadly lacking, but BMW of North America's product and technology communications manager, Matthew Russell, told AutoblogGreen, "We can confirm that BMW Group executives met on June 11th, 2014 with Tesla executives. Both companies are strongly committed to the success of electric vehicles and discussed how to further strengthen the development of electro mobility on an international level. We are interested in the success of electro mobility, but we cannot comment on the business announcements from other companies." But the news has been greeted with a lukewarm 'meh' from most of the rest of the automotive industry.