June 29, 2010 |
Tesla Motors Inc., the Silicon Valley-based electric sports car maker, got a warm welcome from investors in the company's initial public stock offering late Monday. Tesla priced its IPO at $17 a share, above the expected range of $14 to $16. The stock will begin trading on Nasdaq on Tuesday under the symbol TSLA. The deal marks the first IPO by an American car company since Ford Motor Co. went public in 1956. Tesla and current shareholders sold a total of 13.3million shares, raising $226 million.
CALIFORNIA | LOCAL
March 28, 1994 |
The emerging electric-vehicle industry in California is ready to form a partnership with Detroit to design and manufacture electric cars for the zero-polluting market. Recently, the California Air Resources Board refuted the Detroit auto makers' contention that the electric-vehicle technology would not be ready for consumers by 1998, when the state will require that a portion of car sales be pollution-free vehicles.
January 23, 1992 |
General Motors Corp. is ready to go forward with full-scale commercial production of the Impact, its proposed electric passenger car, company engineers said Wednesday. Except for some minor items, that is. They need to improve the control system, lengthen the life of the battery, finish the marketing and production plans, announce a firm start date, set a price and probably change the car's name.
January 19, 2001 |
General Motors Corp., the company that once championed electric cars, plans to use California's energy crisis as ammunition in a renewed attack next week on the state's already watered-down zero-emissions vehicle rules.
CALIFORNIA | LOCAL
May 4, 1993 |
In the summer of 1991, Lon E. Bell came about as close as a Caltech-trained scientist and conservative businessman can in the eyes of his peers to losing himself in a mire of muddled romanticism.
April 22, 2008 |
Norwegian automaker Think Global said Monday it planned to sell low-priced electric cars to the masses and will introduce its first models in the U.S. by the end of next year. The battery-powered Think City will be able to travel up to 110 miles on a single charge, with a top speed of about 65 mph, the company said. It will be priced below $25,000.
October 16, 2011 |
When Chris Paine pulls his Chevrolet Volt into a Culver City parking lot and plugs it into the solar-powered public charging station, two other electric vehicles are already there: a low-slung Tesla Roadster and a hatchback Nissan Leaf. Just five years ago, the director of "Who Killed the Electric Car?" wouldn't have believed such a scene would even be possible. After Paine released his 2006 documentary about the demise of General Motors' groundbreaking plug-in vehicle, the EV1, his take-away was "a sense of loss.
February 1, 2010 |
California electric car maker Tesla Motors Inc. plans to raise up to $100 million in an initial public offering, according to a filing with the Securities and Exchange Commission. The move brings the innovative car company, which has long enticed car enthusiasts, one step closer to becoming a household name. The price of shares or the timing of their availability is still unclear, but industry observers expect the much-anticipated offering to be well-received by investors.
January 22, 2011 |
Coda Automotive Inc., a start-up electric car company in Santa Monica, has named auto industry veteran Philip Murtaugh as its new chief executive. He takes over the position after Kevin Czinger resigned "by mutual consent" in November. The company has struggled to bring its four-door, five-passenger sedan to the market but now says it hopes that the vehicle will go on sale in California during the second half of the year. It will be sold at company-owned retail outlets rather than through a dealership network.
September 26, 2012 |
Electric car maker Tesla Motors Inc. cut its revenue projections as supplier problems and production delays hurt sales of its Model S sporty hatchback. In a Securities and Exchange Commission filing Tuesday, the Palo Alto automaker said it has had trouble producing the number of vehicles it anticipated since launching production of the car in June. Tesla said it will generate $44 million to $46 million in third-quarter sales, compared with the roughly $80 million analysts had projected based on the company's production goals.