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Tesla staring down California dealer ad probe request

Months after the confusing announcement of Tesla's lease-like financing program, the electric vehicle maker could face an advertisement probe that has been requested by the California New Car Dealers Association, Automotive News reports, which claims that consumers are being mislead by advertised monthly payments that are lower than what most people would experience.
The ordeal can be traced back to April 2, when Tesla made an announcement specifying tiered monthly payments for the three versions of the Model S assuming a 66-month term. But then Tesla revised the numbers upward overnight because, it claimed, it meant to say it offered a 63-month finance term, not a 66-month term. The automaker also claimed that factoring in the "true cost of ownership" of a Model S compared to a conventional fuel-burning car could drive monthly costs to below $500.
In May, it added an available finance term of 72 months, which, factoring in only gasoline savings, the company said could lower monthly payments to $580. But the underlying issue at hand is that the means which can potentially lower monthly payments from $1,000+ dollars (depending on the model) to under $600 can't be realized by the majority of Americans, the CNCDA says.

Tesla Model S P85D will improve quickness through over-the-air update

Already able to hit 60 miles per hour in about 3.2 seconds, the 691-horsepower Tesla Model S P85D is absolutely no slouch when it comes to acceleration. Of course, one of the great things about owning a Tesla is the possibility of over-the-air updates coming at any time to make the brand's vehicles even more capable. Elon Musk recently announced the latest software improvement on Twitter (embedded below) for the Model S to make the P85D even quicker. The upgrade sheds a tenth of a second off the dual-motor's already impressive acceleration to 60 thanks to an improvement to the inverter algorithm. The tweak affects the single-motor P85 too, but Musk said the effect would not be as significant. We can't wait for the inevitable updated passenger reaction videos once this enhancement tweak goes live. This content is hosted by a third party. To view it, please update your privacy preferences. Manage Settings. Featured Gallery 2015 Tesla Model S P85D: Detroit 2015 View 18 Photos News Source: Twitter [1], [2]Image Credit: Copyright 2015 Drew Phillips / AOL Green Tesla Green Driving Ownership Electric Performance Sedan

Tesla Trade-up now offering Pedego e-bike

Three years ago, an Ottawa resident embarked on an effort to turn a $30 camera into a Tesla Roadster electric vehicle purely through the magic of bartering. Today, he's halfway to his goal. Sort of. Martin Provost, known for his Tesla Trade Up blog, has traded his way up to a $2,000 Pedego Comfort Cruiser electric bike, and it came from the CEO of Pedego, no less. If you're keeping track, that's two wheels out of the four that he's taken down. See, half way. In mid-2011, Provost set out on what he calls his "quest to become an EV owner through the kindness of humanity." Starting with that camera, he's since engineered 10 trades. The process included bartering his way through items like a computer, an electric guitar, a VIP brewery tour and a software suite valued at $3,000. Of course, he now has a $2,000 e-bike, so we hope he doesn't go too far backwards. The gentleman also has taken his official leap into EV ownership, securing a Smart Electric Drive for a lease rate of $100 a month. He's big on the three-year lease contract because it'll expire around the same time Tesla may start putting out its $35,000 vehicle. Which is irrelevant if he actually scores that Roadster, but it's nice to know he has a backup plan, just in case.