Tesla Motors announced today that it will use a renovated facility in Stanford Research Park in Palo Alto to produce new electric-vehicle powertrains. The move comes after Tesla was recently awarded a government loan of nearly $465 million to accelerate the production of affordable, fuel-efficient electric vehicles. Tesla will lease an approximately 350,000 square-foot building. The facility [...]
Tesla Motors has announced that it turned profitable for the first time in July, shipping a record 109 vehicles during the month. The company said that it attained overall corporate profitability with approximately $1 million of earnings on revenue of $20 million. Tesla said that profitability arose primarily from improved gross margin on the Roadster 2, [...]
Yesterday, a San Mateo County Superior Court Judge denied “former Tesla Motors CEO Martin Eberhard’s” request that he declared one of only two founders of the electric-car company. The ruling is in accordance with Tesla’s claim that the company was founded by a team of several people, including Musk, rather than just two men. “We agree [...]
Daimler AG recently acquired an equity stake of 10 percent in Tesla Motors in a deal that would integrate Tesla”s lithium-ion battery packs into 1,000 units of the electric Smart ForTwo. According to report by Bloomberg, the German automaker is now selling a portion of its stake in Tesla to Abu Dhabi’s Aabar Investments PJSC. Aabar [...]
Tesla Motors has confirmed that they will be launching a right-hand-drive version of the electric Roadster in Europe in 2010. CEO Elon Musk said that the re-engineered right-hand drive version would arrive early next year. He said that the cost of re-engineering to a right-hand drive was “not prohibitive.” Musk said that the right-hand drive Roadster would [...]
There you are – looking to go green but still wanting to stay cool. After looking over the limited choices you have for electric-vehicles, you narrow it down to the Tesla Roadster; however, the only problem is you don’t have the $109,000 it costs to purchase the Tesla. Well, Bank of America has come to [...]
July is finally here and we’re awaiting delivery of our 2010 Chevrolet Camaro SS as we write this – yes, we are crazy excited right now. Either way, the show must go on and we must fill you in on the random things we’ve come across today on the World Wide Web. Oh, and you [...]
While we had no idea the Tesla Motors CEO Elon Musk eventually has dreams of stepping down form the company’s top job, Musk reminded everyone yesterday that he will remain Chief Executive Officer of Tesla at least thorough 2011 when the Model S electric-sedan is launched. Musk said that staying on as Tesla’s CEO was [...]
So now that you’ve made your millions, you’re kicking back thinking about who you want to spend your life with and how you want to make the world a better place. Well, a company by the name of 4M Club can help you to do both at the same time. 4M Club, a millionaire matchmaking [...]
Tesla announced today that it has received $465 million in low-interest loans from the U.S. Department of Energy and will use $365 million for the production and assembly for the Model S sedan. The San Carlos automaker will use the other $100 million for a powertrain manufacturing plant. Tesla says that the powertrain manufacturing facility will [...]
