You would think that during an economic storm entrepreneurs and investors would be hesitant to put their time and money in an auto startup. However, we have a couple of ambitious companies that are determined to change the way we drive by offering vehicles with new technologies and alternative fuel. Taking advantage of low labor [...]
Who said sports cars couldn’t be fuel-efficient and fast at the same time. 0 to 60 mph in 3.9 seconds is very impressive for a 100 percent electric-roadster and now Tesla is claiming that its Roadster can run the quarter mile in 12.7 seconds. Tesla’s validation engineer Iain Morrison, who does all the weather and [...]
Cashing out $109,000 for a 2008 Tesla Roadster may hurt your bank account a little (or a lot depending on your income) but there’s a rebate that few are aware of that can help alleviate some of the burden. According to Tesla’s co-founder and former CEO Martin Eberhard, Tesla does not advertise a rebate from [...]
Founder Elon Musk is taking full-charge at a company he started that he refuses to see become history. Tesla Motors announced today that its board has approved $40 million in convertible debt financing. Musk said that most of the new convertible debt financing comes from Tesla’s current major investors. “Forty million is significantly more than [...]
Tesla was on its way to expanding and relocating from its current headquarters in San Carlos to a new $250 million facility in San Jose, California. The main reason for the move? An all new 5-passenger sedan called the Tesla Model S. Unlike the Tesla Roadster, which is built on the Elise platform, the Model [...]
Update: Photo taken down by request of photographer. Elon Musk wants his company to be the Apple of electric cars. Musk is even doing the whole jobs this returning to Tesla as CEO. Recently, while the company runs low on cash and as it starts laying off workers, Musk sat down with BusinessWeek for an [...]
Some major changes are coming down the road at Tesla Motors. According to San Jose Mercury News, the producer of the high-performance electric Tesla Roadster is running low on cash. With less than 50 cars costing $109,000 each delivered, Tesla will begin laying off employees. Tesla’s chief investor Elon Musk will take over as CEO replacing [...]
There’s about an hour left before Chrysler gives us the details on its new electric-vehicle onslaught. Before we you bring you all that detailed new, Automotive News is reporting that Chrysler and Lotus are in talks to produces an electric sports car based on the Elise. Pictured above, the Dodge EV will be based on the [...]
Tesla Motors has announced that it will team up with BrogWarner to develop a new single-speed gearbox for its Tesla Roadster. The new single-speed gearbox will provide 30 percent higher torque and a 10 percent increase in EPA combined range. The new gearbox allows for a total of 280 lb-ft of torque, up from 211 [...]
Tesla has already confirmed that it is working on a new electric-sedan called the Tesla Model S. The Tesla Model S will enter production in 2010 with an expected 20,000 units to be built annually. Pricing for the sedan will start at $60,000. Tesla says the sedan should get 225 miles on a full charge. [...]
