February 20, 2013 |
Tesla Motors Inc. reported a larger-than-expected loss in the fourth quarter, but its revenue of $306 million beat expectations. For the three months that ended Dec. 31, the electric car maker said it lost $90 million, or 79 cents a share. Excluding one-time charges, the company posted a loss of $75 million, or 65 cents; analysts had expected a loss of 53 cents a share. The results released Wednesday were considered decent but not stellar for the Palo Alto, Calif., company, and shares fell 99 cents, or 2.6%, to $37.55 in after-hours trading.
February 20, 2013 |
Tesla Motors Inc. reported another good-not-great quarter, renewing concerns about its ability to quickly churn out enough electric vehicles to sustain the company for the long term. The company plans to ramp up the introduction of Tesla Model S cars to consumers worldwide, saying it was "on a journey" this year to expand the line and turn profitable, Chairman Elon Musk and Chief Financial Officer Deepak Ahuja wrote in a letter to shareholders Wednesday. "Our intention is not to make customers wait six months for a car," Musk said in a call with analysts.
February 5, 2013 |
Mitsubishi Motors North America is recalling certain model year 2012 i-MiEV electric vehicles that were manufactured from Dec. 2, 2011, through Sept. 7, 2012, according to the National Highway Traffic Safety Administration . The brake system vacuum pump on those vehicles may fail, rendering the vacuum pump inoperable. If the vacuum pump system fails, the recall notice says, it will reduce available brake power, which would result in lengthened stopping distances and could increase the risk of a vehicle crash.
January 9, 2013 |
Nissan said Wednesday that it will offer a lower-priced version of its Leaf electric car this year and that it has begun making the Leaf and its battery pack at the automaker's giant factory complex in Smyrna, Tenn. The Japanese automaker also said it will increase how far the Leaf can travel on one charge, but did not provide any specifics. Nissan also didn't give any details on new pricing for the Leaf. The current model starts at $36,050 including a destination fee. That is before a $7,500 federal tax break and, for California buyers, a $2,500 state rebate, which together lower the price to $26,050.
January 8, 2013 |
Electric vehicles and hybrids are quiet - a little too quiet for the U.S. Department of Transportation. The agency on Monday announced proposals for minimum sound requirements on hybrid and electric vehicles. Without an internal combustion engine running, many vehicles can operate under full or partial electric power with little to no sound to warn pedestrians or cyclists, particularly the visually impaired. “This proposal will help keep everyone using our nation's streets and roadways safe, whether they are motorists, bicyclists or pedestrians,” U.S. Transportation Secretary Ray LaHood said in a statement.
December 5, 2012 |
AeroVironment Inc., the Monrovia company that makes small spy drones and electric vehicle charging systems, posted second-quarter earnings of $8.7 million, or 39 cents a share, despite decreased sales of its robotic aircraft. The results beat analysts' average estimate of 23 cents a share. In the same period last year the company had a profit of $6.6 million, or 30 cents a share. AeroVironment is the Pentagon's top supplier of small drones - including the Raven, Wasp and Puma models - that give troops on the ground a bird's-eye view of what's happening over a ridge or around a bend.