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Study: Tesla Drivers Have Highest Credit Scores

An analysis of more than 35,000 loans for pre-owned vehicles on the LendingTree platform finds Tesla, Porsche, and Lexus buyers had the highest average credit scores.

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Tesla-Friendly Bill Resurrected in Connecticut

HARTFORD, Conn. — The Connecticut Automotive Retailers Association, along with General Motors and Alliance Auto Manufacturers, held a joint press conference on Tuesday to speak out against proposed legislation that would allow electric carmakers to circumvent state franchise laws and sell directly to consumers. A public hearing was scheduled for today to discuss Senate Bill 3, ... Read More »

FTC Calls on States to Lift Direct-to-Consumer Sales Bans

LANSING, Mich. — The debate over whether motor vehicle manufacturers should be allowed to sell directly to consumers in the state has resurfaced after last year’s passage of a law that added tighter restrictions on direct-to-consumer sales. This time, the Federal Trade Commission has weighed in. Reigniting the debate over direct-to-consumer sales of motor vehicles ... Read More »

Tesla Shares Get Late Boost on April Fool’s Press Release

Shares of Tesla Motors Inc. jumped and trading volume surged in the final minutes of trading on Wednesday after the electric car maker issued a press release proclaiming the launch of a new product that turned out to be an April Fool’s Day prank, reported Reuters. With about five minutes remaining in the trading day, ... Read More »

Ga. Legislators Table Tesla Bill

ATLANTA — A subcommittee of the House Motor Vehicles Committee voted March 4 to table House Bill 393, which would have allowed Tesla to continue selling its electric vehicles directly to Georgia’s residents. The state’s dealers were behind the move to freeze the bill, The Atlanta Journal-Constitution reports. Georgia law typically prohibits manufacturers from selling ... Read More »

Tesla’s Elon Musk: Hydrogen Fuel Cell-Powered Vehicles Are ‘Silly’

DETROIT – Speaking in the Motor City on Tuesday, electric carmaker Tesla Motors’ co-founder and CEO Elon Musk again dismissed hydrogen fuel cell-powered cars as irrational, reported MLive. “I just think they’re extremely silly,” he told reporters at Automotive News’ annual World Congress. His comments came on the same day Honda Motor Co. showed off ... Read More »

Volkswagen’s Audi Aims to Launch Two Electric Vehicles by 2018: CEO

Volkswagen’s premium Audi division aims to bring two purely electric vehicles to market by 2018 as it tries to catch up with rivals such as Tesla Motors and BMW, reported Reuters. Audi’s Chief Executive Rupert Stadler told German daily Frankfurter Allgemeine Zeitung (FAZ) in an interview to be published on Saturday that the launch of ... Read More »

BMW Not Interested in Buying Stake in Tesla

Germany’s BMW is not interested in buying a stake in U.S. electric carmaker Tesla Motors, German weekly WirtschaftsWoche reported on Friday, citing a BMW statement, reported Reuters. Earlier this week, a Tesla spokeswoman said there had been informal talks between the companies, but there were no plans to set up an alliance.

Tesla Says in Talks with BMW Over Car Batteries, Parts

U.S. electric carmaker Tesla Motors is in talks with Germany’s BMW over a possible collaboration in batteries and lightweight components, Tesla’s Chief Executive Elon Musk told German weekly Der Spiegel, reported Reuters. In an interview published on Sunday, Musk described BMW’s production of carbon fibre reinforced car body parts as “interesting” and “relatively cost efficient.” ... Read More »

Tesla’s Q3 loss grows to $74.6 million

DETROIT – Tesla Motors reported a loss of $74.6 million in the third quarter, compared with a loss of $38.5 million in the same period of 2013, reported MLive. The Palo Alto, Calif.-based electric car maker blamed the larger loss on higher R&D costs and challenges related to a production overhaul for its Model S ... Read More »