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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.

What to do if you run out of juice in your Tesla Model S

After writing about their Tesla Model S running out of juice on the side of the road between Las Vegas and Barstow, CA recently (read about it here), the fine folks at Teslarati figured they had some 'splainin' to do. The brief explanation is headwinds. Yes, headwinds. A Model S has about 10 miles of range even after it shows a big fat "0" on its dash. Thankfully, the drivers took notes about what to do if your Model S is about to shut down like C-3PO in A New Hope. Step one is to know that the EV has about 10 miles of range (maybe 20) even after it shows "0" on its dash. Once that distance is used up, it's time to pull the car over, and even then there is enough reserve juice to power the screen for a half hour. After that, all that works are the door handles and the flashers. So, before everything goes completely dark, it's best to remember to put the car into "tow mode" and get it into neutral so that the EV doesn't have to be jumpstarted just to get it onto a truck. Also, once the Model S has been recharged from empty, it needs to be powered off in order to reset the system and not keep it in "depleted power" mode. Now you know. The way Teslarati learned all of this was that, after using a Las Vegas supercharger to give their Tesla Model what they thought would be about 240 miles worth of range for the 160-mile drive, the car unfortunately provided them with just 157 before shutting down. The culprit was a sand storm that sent 35-mile-per-hour headwinds (and probably a bit of grit) into the car as it maintained a 75-mph cruising speed. Teslarati also said elevation changes were part of the problem. Las Vegas and Barstow are both about 2,200 feet above sea level, but there are a bunch of hills in between, and we guess the declines giveth less then the inclines taketh away. Happens to the best of us.

Koch Brothers, Sierra Club side with Tesla in dealer fight

The Koch Brothers and Sierra Club don't generally see eye to eye. When it comes to Tesla Motors and its efforts to tweak the traditional dealership distribution model, though, they're jumping across that proverbial aisle, according to Bloomberg News. Is this a great country or what? About 10 entities signed an open letter dated February 16 to US legislators imploring them to back the electric vehicle maker and its factory-to-customer distribution sales model. In addition to groups like the Consumer Federation of America and Institute for Justice, both the Koch's uber-conservative Americans for Prosperity and the ever-green Sierra Club are on that docket, with the former supporting the cause out of a desire for a more free market and the latter on board because of emissions-free transportation. Those entities all decry the traditional distribution system that they say restrains innovation and does not "rest on a legitimate public policy basis." Tesla has long been battling a number of states for the right to sell direct to consumers, with Michigan, New Jersey and Texas among the company's most hardcore adversaries. More recently, Connecticut and Arizona have made moves to legalize direct-to-customer sales from Tesla. You can read a copy of the advocacy letter (PDF). Featured Gallery 2015 Tesla Model S P85D: Detroit 2015 View 18 Photos News Source: Bloomberg News Government/Legal Green Tesla Electric dealer fight koch brothers