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Toyota sells off Tesla shares, too

The incredible rise of Tesla's stock price has done little to now stop two major shareholders from ditching their stake in the American EV manufacturer. First, Daimler, parent company of Mercedes-Benz, ditched its four-percent stake, and less than a week later, Toyota is doing the same thing, selling off an undisclosed bit of its Tesla investment.
The move comes as Toyota winds down sales of the RAV4 EV, which gets its batteries and electric motor from Tesla at the company's Fremont, CA factory.
"We have a good relationship with Tesla, and will evaluate the feasibility of working together on future projects," Toyota spokesperson Kayo Doi told Bloomberg via email.

That time Elon Musk got a speeding ticket showing off the Tesla Model S to Johnny Depp

Transcendence is a Johnny Depp vehicle that opens at movie theaters this weekend. The Tesla Model S is a Elon Musk vehicle that easily transcends the speed limits. What do these two seemingly unassociated facts share in common? A speeding ticket. It seems a few cast members of the sci-fi film – which is not at all remotely anything like The Lawnmower Man – including the aforementioned Depp, were being given an on-road demonstration of the all-electric sedan by the automaker's CEO when they were pulled over for speeding. According to a report in the Sun tabloid, Musk visited the set where he was introduced to Depp by director Wally Pfister. This led to the trio, along with co-stars Rebecca Hall and Paul Bettany, all piling into the car for a bit of a joy ride. Apparently, Musk got a little too joyous with the accelerator and they were soon pulled over by an officer of the law, who was neither star-struck nor amused by the antics of the assembled celebrities. Depp is quoted as saying, "Elon had a good sense of humour about it. The cop did not. He needed a humor chip. But it was a good time, nonetheless." We don't know if the excursion led to any Model S sales, but we can say that the prolific movie star definitely enjoyed the adventure. "I had one of the best experiences I've ever had," Depp said. While we (sadly) don't have footage from the incident to share, you can scroll below for the official trailer from Transcendence. This content is hosted by a third party. To view it, please update your privacy preferences. Manage Settings.

Is BMW the only real competition to Tesla Motors?

Tesla Motors chief Elon Musk probably isn't losing a ton of sleep over the new plug-in efforts by the makers of the "Ultimate Driving Machine," but maybe he should. That's what the Motley Fool is saying, presenting the case that the California company's real competition will come from BMW. What about the plug-in efforts of General Motors or Ford? Musk can hit the snooze, Motley Fool says. Unlike automakers that are "jamming battery packs into the existing vehicle design," BMW has built its i3 battery-electric and i8 plug-in hybrid supercar from the ground up. Like Tesla, BMW puts its battery packs into the floor of its vehicles. Most importantly, the i3 - and especially the i8 - are real performers. While the i8 is about 40-percent more expensive than the Tesla, it matches the Model S's 0-60 mile per hour acceleration times and handily beats its top speed figures. Tesla sold about 6,900 vehicles during the last three months of 2013 and BMW had more than 10,000 i3 orders on the books by late November and the first year's allotment of i8s is already sold out. The German automaker has what the Fool calls an "outside chance" of selling more plug-in vehicles than Tesla by next year, but Tesla is gearing up its gigafactory to get ready to sell a half-million EVs in 2020, so the race is most certainly on. You can read more over on the Fool.