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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.

Tesla Supercharger Network Now Covers Majority Of Americans

Tesla Motors CEO Elon Musk announced via twitter Sunday that Tesla has officially expanded its Supercharger network across the county. The Supercharger network contains 71 stations, according to Autoblog, and Musk estimates that 80 percent of Americans are within 200 miles of at least one of them. Notably, that includes Texans who are barred from buying Tesla products in their home state. The Supercharger can charge a Model S EV to half its full power in 20 minutes, providing enough charge to get to the next filling station. All for free. The Supercharger is considered such a leap forward in green technology that it was voted 2013 Technology of the Year by AOL Autos. Critics of electric vehicles often cite a lack of recharging infrastructure as one of the major hurdles companies face when bringing the cars to the market. Tesla is tackling this problem head-on, and wants to continue expanding the network to 100-percent coverage, according to Clean Technia. With the release of the more affordable Tesla Model E on the horizon, the Northern California-based company is surely hoping that the expansion of the Supercharger network will put "range anxiety" to bed once and for all. Related Gallery Electric Cars And Hybrids Don't Have To Be Frumpy Green Tesla Alternative Fuels Fuel Efficiency Green Driving Electric supercharger network

Tesla to earn $250 million from sales of California environmental credits

Tesla Motors is expected to release quarterly earnings figures within the next few days, and the Silicon Valley automaker is thought to have attained profitability for the first time ever. As it turns out, a good bit of that profit will reportedly come from the State of California.
According to an article from the LA Times, Tesla, which is reportedly on pace to sell 20,000 vehicles in 2013, receives as much as $35,000 in environmental credits from California for each Model S it sells. These credits can then be sold to other automakers that do business in the state but don't sell zero-emission vehicles of their own. Some experts believe Tesla could earn up to $250 million from such ZEV credits.
While profits from ZEV credits equals good news for Tesla, some experts and rival automakers aren't very pleased with California's strong-arm tactics when it comes to the sales of electric vehicles. "At the end of the day, other carmakers are subsidizing Tesla," said Thilo Koslowski, an analyst at Gartner Inc.