March 28, 2014 |
Tesla Motors Inc. has announced plans to reinforce the undercarriage of about 16,000 cars with high-strength shields to reduce the risk of damage from a crash starting a fire. Elon Musk, the electric car company's chief executive, outlined the retrofit Friday morning, at the same time the National Highway Traffic Safety Administration announced it has signed off on the changes and was closing a probe into two fires that occurred in Tesla Model S sports sedans. The NHTSA said it has not identified a safety defect trend that would justify asking Tesla to issue a recall for the Model S. It said "consumers should have their vehicles serviced promptly once they receive notification from Tesla Motors.
February 26, 2014 |
Tesla Motors Inc. wants to raise almost $2 billion to help fund a giant battery factory in the Southwestern U.S. to supply its electric vehicles. The Palo Alto automaker said Wednesday that it plans to build a "gigafactory" that would slash the cost of the battery packs for its cars, allowing Tesla to introduce a less expensive vehicle. "Tesla is riding on its success to tell a bigger story than just being a car company," said Thilo Koslowski, an analyst at Gartner Inc. "The batteries will attract a whole new group of investors.
February 19, 2014 |
Shares of Tesla Motors Inc. soared Wednesday after the electric car company slashed its losses and issued an upbeat outlook for this year. Tesla shares jumped to a record $216.95, a 12% gain, after the automaker released its fourth-quarter and annual financial results after the stock market closed. Investors focused on Tesla's calculation that it earned $46 million, or 33 cents a share, in the latest quarter, after making special adjustments to account for the deferred profit from automotive leases and other factors.
January 30, 2014 |
What does a three-horsepower, all-electric car that's more than a century old have in common with some of the modern world's most capable and powerful sports cars? They're both built by Porsche. On Monday, the German automaker announced it was putting on display in its Stuttgart, Germany, museum the Egger-Lohner electric vehicle, C.2 Phaeton. This small, open-top car, nicknamed the P1, was built in 1898 by Ferdinand Porsche when he was 22. It's the first car he ever built. PHOTOS: World's first car built by Porsche That's the same Ferdinand Porsche who would form his eponymous brand in 1931.
January 27, 2014 |
Eight more drivers have committed to racing in Formula E, a proposed series featuring electric-powered race cars competing on city courses around the world, the series said Monday. The drivers include IndyCar Series drivers Sebastien Bourdais, Oriol Servia and J.R. Hildebrand Jr. The others are Bruno Senna of Brazil, Narain Karthikeyan of India, Daniel Abt of Germany, Franck Montagny of France and Christijan Albers of the Netherlands. Bourdais also was among the trio of drivers who won the Rolex 24 at Daytona endurance race Sunday in the premier prototype class, driving a Corvette prototype for the Action Express Racing team.
January 8, 2014 |
Formula E, a proposed series featuring electric-powered race cars competing in cities around the globe, said Wednesday eight drivers had committed to the series, including IndyCar driver Marco Andretti. The series plans 10 races over several months, starting with a race in Beijing in mid-September and ending with a race in London on June 27, 2015. The sixth race is scheduled for Los Angeles on Feb. 14, 2015, although the race's exact location in the city has yet to be determined.