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Tesla only 8th greenest automaker, BMW is best, says Newsweek

We imagine some readers will be surprised by this. Newsweek has just put out its rankings for the top "green" companies in the world, and while Tesla Motors chief Elon Musk can crow about how green his electric vehicles are, the company as a whole apparently falls behind some traditional automakers. Quite a few of them, actually. In Newsweek's Global 500 list of the greenest 500 largest publicly-traded companies in the world, BMW ranked best among automakers at Number 26. Not surprisingly, Toyota was close behind at 35, while Nissan came in at 152. What's a little more puzzling is that Tesla fell behind Ford (178), and General Motors (289). That's a lot of pickups versus a few Model S EVs. Go figure. Then came Hyundai (306) and Honda (316), which are a little more palatable. Tesla? It came in at 431. Newsweek's measurement standards include eight categories that include a lot of verbiage and involve things like energy productivity (which is defined as revenue in US dollars divided by total energy consumption), greenhouse-gas emissions productivity (revenue divided by GHG emissions), water usage, waste levels and something called "green revenue" (revenue derived from products that "contribute positively" to the environment). Newsweek says that its results are reproducable by a third party. Take a look at the list here and find the details on how the numbers are compiled here. Featured Gallery 2014 BMW i3: First Drive View 33 Photos News Source: Newsweek via Torque News Green BMW Tesla

Tesla's Elon Musk made $1.1 billion yesterday, how about you?

Thanks to skyrocketing share prices, yesterday was a very big payday for Tesla founder Elon Musk. The already wealthy businessman added another $1.1 billion, ten percent of his net worth, to his overflowing wallet yesterday after Tesla's shares hit $248. This time last year, TSLA was trading at roughly $34 per share.
Tesla's latest jump in a year that has already seen share prices climb 65 percent is thanks to positive reports from Consumer Reports on the company's Model S electric sedan, and some kind words from Morgan Stanley about the brand's plans for a battery factory.
Despite all the good news for Tesla yesterday, not all of the $1.1 billion Musk earned came from his automotive pursuits. SolarCity, which Musk is also the largest shareholder in, saw its share prices jump 3.1 percent, as part of a 43-percent jump in 2014.

Tesla gets legal go-ahead to sell EVs in Pennsylvania

Tesla Motors has been fighting to sell cars in many states, but has come up against laws prohibiting the electric automaker to exercise its direct-to-consumer business model. Such has been the case in Pennsylvania. Recently, though, Tesla worked out a deal with the Pennsylvania senate to approve a bill allowing five Tesla stores in the state, with the blessing of the Alliance of Automobile Manufacturers. The bill, though crafted with Tesla in mind, doesn't specifically name the California-based company. That bill made it to the desk of Governor Tom Corbett last month, who signed it into law, opening the door for Tesla to sell more cars in the state. The legislation exempts electric vehicles from a law that bars manufacturers from opening their own dealerships. Nathan Spade, senior aide to the bill's sponsor Senator John Rafferty, called the bill "a means to provide the consumer with another option" and "a positive addition to the marketplace in Pennsylvania." Two members of the state House voted against the bill: Representatives Mark Gillen and Daryl Metcalfe, both Republicans. Gillen explains that he felt the bill gave Tesla special treatment, which goes against his free-market values. In addition to allowing Tesla to open new stores in the state, the new law also officially legitimizes the automaker's current store in the King of Prussia Mall, about which there have questions concerning legality. It isn't clear if the Board of Motor Vehicle Manufacturers approved that store in 2013 made a mistake, but that point appears to be moot now. Tesla also currently has plans to open a store in Devon, PA. Tesla still has some pretty big barriers to contend with in other states, though. In Texas, New Jersey, Maryland, Virginia and Arizona, for example. The battle continues between the automaker and dealership associations. Featured Gallery Tesla Model S View 10 Photos News Source: Philly.com Government/Legal Green Tesla Electric senate Tesla store