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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.

Tesla says Chris Christie's move is 'affront to the very concept of a free market'

Tesla has a special history with the state of New Jersey, having delivered the 500th Roadster there in 2009. Fast forward to 2014, though, and the electric vehicle company is having a decidedly less-positive experience in the Garden State. In short, Tesla's ongoing dealer fight has turned sour, and thing are potentially going from bad to worse today. Tesla says it has been working "constructively" with the New Jersey Motor Vehicle Commission (NJMVC) and Governor Chris Christie's administration "to defend against the New Jersey Coalition of Automotive Retailers' (NJ CAR) attacks on Tesla's business model and the rights of New Jersey consumers." In other words, the right for Tesla to open its own stores and not use the traditional dealer model. The legislative process on the fate of Proposal PRN 2013-138 (PDF) has been continuing and Tesla says it thought everyone was acting in good faith, but now it's not so sure. In a new official blog post, Tesla says: Unfortunately, Monday we received news that Governor Christie's administration has gone back on its word to delay a proposed anti-Tesla regulation so that the matter could be handled through a fair process in the Legislature. The Administration has decided to go outside the legislative process by expediting a rule proposal that would completely change the law in New Jersey. This new rule, if adopted, would curtail Tesla's sales operations and jeopardize our existing retail licenses in the state. ... This is an affront to the very concept of a free market. A meeting on the proposal is scheduled to take place this afternoon, and Tesla is not happy about it. In Ohio last year, Tesla asked for immediate help to stop a similar bill, which ended up working. For a while. Last year, New Jersey started considering an EV-only tax that would cost EV drivers about $100 a year, but that appears to have been scrapped.

Tesla Model S Proves Troublesome For Consumer Reports

The Tesla Model S has turned into the breakthrough model that electric cars needed. Instead of looking like a futuristic jellybean whizzing by, the Tesla would still be incredibly attractive with a V8 stuffed under the hood. But beyond its appealing styling, the luxury sedan offers a realistic driving range, impressive performance and oft-praised driving dynamics. It's everything many drivers are looking for. However, as more long-term reviews come out, it's becoming clear that living with one of these wonder cars isn't without its fair share of problems. A few weeks ago, Edmunds published its 17-month ownership experience with a Model S. It praised the experience being behind the wheel of the luxury sedan, at least when it was possible. Edmunds reported that it had to make seven unscheduled trips to the service bay and even left a writer by the side of the road once. The biggest issues included replacing the drive unit three times, needing a new main battery and numerous resets of the center screen. Consumer Reports just wrote about its own driving impressions after 15,743 miles, and its experience with the Model S has hardly been a walk in the park, though not nearly as bad as Edmunds' rough time. The infotainment screen needed a hard reset once after blinking out, and one unscheduled service left the sedan in the shop for two days. There have been other, smaller issues too. In Tesla's favor, the repairs were done under warranty. Even with this latest report, we only have data regarding two Model S examples out of thousands, but a somewhat difficult picture is being painted about the breakthrough EV as we read more and more. Everyone loves driving it, but living with one might not be quite so joyous. Head over to Consumer Reports to read its full impressions.