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New Jersey will let Tesla continue selling EVs until April 15

Tesla sales in New Jersey were supposed to end today, following the state legislature vote a few weeks ago to pull Tesla's sales license there. At the eleventh hour, though, Gov. Chris Christie's administration has extended the deadline to April 15. The specifics of the situation are that the New Jersey Motor Vehicle Commission (MVC) is going to give new car dealers until the middle of the month to submit their franchise agreement (which, of course, Tesla stores don't have). That means, for now, it's business as usual The two-week extension could keep Tesla alive in the Garden State. While it's only a two-week extension, it could be enough to keep the California automaker alive in the Garden State. This is because state assemblyman Tim Eustace (a Democrat and EV driver) submitted a bill the other day that would allow Tesla to sell cars directly to customers in New Jersey. One interesting component of Eustace's bill is that it only applies to zero-emission vehicles as long as they make up less than four percent of all the new cars sold in the state. Eustace told NJ.com that this bill might be fast-tracked into law because it has leadership support. Jim Appleton, the president of the New Jersey Coalition of Automotive Retailer (the force behind the anti-Tesla movement), said, "to the extent that there is legislation that would allow an all-zero emission vehicle automaker to enter the market for a period of time without franchises, before they eventually convert to a franchise system, it makes sense." You can read the proposed bill here. The MVC gave Tesla a license to sell cars in 2012 and Tesla now operates two stores in New Jersey, one in the Garden State Plaza in Paramus and the other in Short Hills.

Tesla in talks with BMW about batteries, charging collaborations

With Toyota and Daimler no longer holding Tesla shares, the electric vehicle company might be looking for a new partner – possibly a Bavarian one. In a new interview with Germany's Der Spiegel, CEO Elon Musk confirmed that he has had talks with BMW execs about future collaboration. "We are talking about whether we can collaborate in battery technology or charging stations," Musk said in the interview, according to Reuters. However, a Tesla spokesperson has tempered things by saying no formal agreements are in place at the moment. In the same interview, Musk reportedly praised BMW's use of carbon-fiber-reinforced plastic in its i sub-brand offerings, and said he would like to have a battery factory in Germany in the next five or six years. The possibility of technological cooperation between Tesla and BMW has been a hot topic this year. In June, Musk reportedly met with BMW execs, and the two companies were also rumored to have met with Nissan to discuss charging technology. When Daimler sold off its shares, there was talk of it opening the way for possible collaboration between the two automakers, as well.

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.