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City of LA's electric vehicle fleet adds Tesla Model S, BMW i3

For anyone who thought that Los Angeles' efforts to turn its traffic problems green would end after a partnership with Waze, think again. The City of Angels has committed to leasing 160 battery-powered electric vehicles and 128 plug-in hybrids for its municipal fleet. A post on the LAPD blog says that the police, fire, general services, water and power departments will split the former, while the general services will also take all of the latter. Mayor Eric Garcetti says that this move puts LA closer to its goal of becoming the "most sustainable city in America." For now it has to settle for having the largest city-owned fleet of battery-powered rides. The blog post goes on to say that as part of this Sustainable City pLAn (not a typo), it also has a shiny new Tesla Model S P85D and BMW i3 for "testing and research." Hopefully that includes seeing how effective Ludicrous Mode is against fleeing perps. #LAPD: @LAPDChiefBeck speaking at the news conference on Historic Transition to Green Energy Vehicles. pic.twitter.com/n1KdFOrX8F — LAPD HQ (@LAPDHQ) September 11, 2015 This article by Timothy J. Seppala originally ran on Engadget, the definitive guide to this connected life. News Source: LAPDImage Credit: LAPD on Twitter Government/Legal Green Bentley Tesla Electric lapd

Cramer: Elon Musk made a mockery of latest Tesla earnings call

CNBC's Jim Cramer was not impressed with the earnings conference call Tesla hosted last week to explain its 2014 fourth-quarter and annual results, calling CEO Elon Musk's reasons for the company's performance "horrendous," "ridiculous," "a fiasco," and reminiscent of "the rambling John DeLorean." Musk said Tesla met its production target of 35,000 Model S units for the year, but missed out on getting something like 1,400 of those vehicles into customers' hands because of the weather, problems with "actual" ships, and customers being on vacation. Revenue rose to $956.7 million for the year, but the company posted a loss of more than $107 million for the quarter. Tesla saw its third Chinese executive in a year resigned from the company this month, when its VP of communications and chief marketing officer departed. Musk argued that problems in China are "overblown." Part of the trouble in China, Musk argued, has been that the Tesla sales team has been telling customers it's difficult to charge the cars. And the company also dropped two bombshells: Telsa has planned to spend $1.5 billion on capital expenditures planned this year, without borrowing, a statement that a Morgan Stanley analyst called hitting the "insane button." And Musk said Tesla will have a higher market cap than Apple in ten years. Right now, Apple's market cap exceeds $700 billion, Tesla's is about $27 billion; Musk's plan would need 50-percent annual revenue growth for a decade, depending on who you believe. Cramer, who rarely minces words on anything, thinks that's all just plain insane, writing that Musk's explanations "hang himself" and remind him of John DeLorean. Cramer said he loves the car, but he's frustrated with what he calls a "cult stock," which "can't be valued by traditional metrics." It's a sentiment that Musk is in no hurry to change, but he doesn't need to as long as he backs up his braggadocio. For more, check out the call transcript, Q4 Shareholder Letter, and SEC filing. News Source: CNBCImage Credit: AP Photo/Cathleen Allison Earnings/Financials Green Tesla quarterly earnings

Even Tesla job fair gets too much attention, causes traffic jam

We know that when it comes to Tesla, every little thing has the potential to explode into the popular consciousness. Whether it's the rare fire or a good conspiracy theory, any news is good news. But we thought that this was just true on the Internet. Turns out, even the company's neighbors can't seem to get enough. Case in point: a planned day-long company job fair that had to be cancelled after just two hours. Lines were already long when the fair opened up at 8 am yesterday, according to local media. Then, things got so crazy that the Fremont Police Department had to send out two Tweets, asking people to avoid the area around Tesla's Fremont facility "due to heavy vehicle traffic." Tesla offered its own Tweeted suggestion, saying that the, "job fair is closed for today" and "We urge those who we were unable to interview to go to http://www.teslamotors.com/careers and apply online." That may be cold comfort the the people in line who didn't get a chance to apply for a new job at the electric automaker, but it does give the web one more thing to talk about when it comes to Tesla.