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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."

Tesla stock takes big tumble after Musk's Detroit speech

Frank talk from Tesla Motors founder Elon Musk at the 2015 Detroit Auto Show sent the company's stock falling one Wednesday, after the CEO warned his company wouldn't achieve profitability until the dawn of the next decade. The nine-percent drop left share prices in the EV manufacturer at $185.60 during pre-market trading on Wednesday, The International Business Times reports. It did rally after trading started, though, hitting over $191 as of this writing. The big worry for shareholders appeared to be Musk's statements on Tesla's Chinese fortunes. The company's efforts there suffered a fourth-quarter sales decline that saw consumer concern over the network of quick-charging stations that provide Model S owners with free electricity, IBT reports. According to Musk, that particular thorn in the company's side has been dealt with, and if Chinese consumers are still concerned, further expansion is already planned, but not all pundits are convinced China's charging problem is behind Tesla.

BMW shows 670-hp plug-in 5 Series GT concept

BMW quietly revealed a 5 Series GT concept earlier this week at an event in France, and it sports a plug-in hybrid powertrain capable of a whopping 670 horsepower. Think the upcoming Model X crossover from Tesla sounds good? BMW has something that might be just as enticing for eco enthusiasts who like their cars to be green and mean. BMW quietly revealed a 5 Series GT concept earlier this week at an event in France, and it sports a plug-in hybrid powertrain capable of a whopping 670 horsepower. That's right, a hybrid BMW hatch-crossover with more estimated power than the 2015 Chevrolet Corvette Z06. BMW's setup is called "Power eDrive," and it uses a 20-kilowatt-hour lithium-ion battery pack that provides juice for two electric motors; they work with a 2.0-liter turbocharged four-cylinder engine. This 5 Series GT would be able to travel for 62 miles under electric power. The prototype shows the high-performance potential of the system, but the 5 Series GT is "purely a concept," BMW spokesman Julian Arguelles told Autoblog. The GT made its global debut alongside plug-in versions of the 3 Series and X5. They used more basic eDrive systems with one electric motor teamed with a turbo four cylinder. BMW revealed the prototypes to illustrate its plans to increase production of plug-in hybrids. Its goal is to add plug-in variants to all of its "core-brand models," though specifics and timing are unclear. BMW Group Media information 1. BMW Group Innovation Days 2014: New drive technologies. (Introduction) The recently launched BMW i3 and BMW i8 are the first zero-emission vehicles in the premium segment, being designed respectively as dedicated all-electric and plug-in hybrid models. Their BMW eDrive technology promotes hallmark brand driving pleasure, while at the same time delivering major reductions in fuel consumption and CO2 emissions – all the way to zero tailpipe emissions when operating in all-electric mode. This is BMW Efficient Dynamics taken to its logical conclusion. For more than 15 years, the Efficient Dynamics strategy has inspired and shaped the development of new models across all the BMW Group brands, resulting in the development of highly efficient vehicles that combine dynamic performance with intelligent energy management. Today, thanks to Efficient Dynamics, the BMW and MINI brands offer premium models that set benchmarks in their respective segments in terms of their exceptional balance of performance and fuel economy.