April 10, 2014 |
SACRAMENTO - Private space companies, such as SpaceX in Hawthorne, would get a local property tax break on launch vehicles, fuel, satellites and other gear under a bill approved overwhelmingly Thursday by the state Senate. The proposal, AB 777 by Assemblyman Al Muratsuchi (D-Torrance), would create the exemption from local property taxes for a 10-year period that would end Jan. 1, 2024. Legislation is needed to modernize the state's tax code to encourage companies such as billionaire Elon Musk's SpaceX to build their rockets and spacecraft in California, Muratsuchi said.
August 21, 2013 |
Now that Tesla Motors has turned a profit , and its Model S electric car has scored the top federal safety rating and the top Consumer Reports rating , what's left for the upstart Palo Alto automaker? Plenty. What Tesla has accomplished is remarkable, and it appears on track to become the first successful automotive start-up in a century. Investors certainly think so, having pushed the stock up 323% this year. Top 10 cheapest cars that get 35 mpg But whether the bullish bet pays off in the long term will depend on whether Tesla can break out of its niche of selling government-supported cars to rich people.
CALIFORNIA | LOCAL
August 4, 2008 |
Teams were searching the central Pacific Ocean for the remnants of a low-cost rocket created by PayPal co-founder Elon Musk that malfunctioned soon after liftoff Saturday, a company spokeswoman said. Two minutes after liftoff, the first of the rocket's two engines failed to detach from the rest of the projectile. The split was necessary to launch the second engine into orbit, Diane Murphy said. The launch took place at United States military facilities on Omelek Island, about 2,500 miles southwest of Hawaii.
February 17, 2010 |
Elon Musk, chief executive of Tesla Motors Co., said a plane crash in Silicon Valley killed company officials. Details about the accident and names of the victims were not released. "We're working to confirm the identities and inform the families," Musk said. For Tesla, the accident comes as the San Carlos-based automaker prepares to sell shares to the public and announce the location of its U.S. assembly site to make battery-powered cars. Tesla received about $465 million in federal loans last year to expand production of vehicles and battery packs.
CALIFORNIA | LOCAL
April 25, 2013 |
Police shot a man in Garden Grove on Thursday night after he tried to run down officers with his vehicle, authorities said. Lt. Jeff Nightengale of the Garden Grove Police Department said the incident began about 8:15 p.m. when some undercover officers stationed near Beach and Garden Grove boulevards became worried about a driver who pulled up near them and was acting suspiciously. The undercover officers called for a marked police car to check out the situation because they feared the man driving the car would interfere with their surveillance, Nightengale said.
March 7, 2014 |
Like young bucks at a county fair kissing booth, states are lining up for a chance to court Tesla Motors and its planned $5-billion battery factory. But fair warning, fellas: The intoxicating fragrance of Musk and his money masks a cold business heart. Already a loser in the race for this California girl's affections, though, is, well, California. Oh, sure, we're good enough to design and build the company's eco-luxe Model S. And Californians bought more than one-third of the $70,000-and-up cars last year.
June 19, 2013 |
Add another first to electric car company Tesla Motors' list of accomplishments -- its first recall of its Model S sporty sedan. Tesla will recall about 1,228 of its expensive Model S because of a problem with a seat latch, Elon Musk, the automaker's chief executive said in a statement. “The mounting bracket for the left hand latch of the second row seat could be weaker than intended. This reduces our confidence that the left hand seat back will be properly retained in the event of a crash,” Musk wrote on the company's website.
October 7, 2012 |
SpaceX is set to usher in a new era for NASA's space flight program when a towering white rocket blasts off from Cape Canaveral, Fla., and heads to the International Space Station on a resupply mission. If successful, Space Exploration Technologies Corp., better known as SpaceX, will be the first private company to resupply the space station on a contracted mission for NASA. The company has a $1.6-billion contract to carry out 12 such cargo missions for the space agency in the coming years.
May 10, 2013
Re "Tesla drives state credits to the bank," May 6 Tesla Motors is an example of an innovative, homegrown California industry. It is building ultra-clean cars and providing employment for 2,800 people in a formerly abandoned car factory. This success is not being subsidized by other car companies. Car manufacturers are not required to purchase credits (which Tesla can sell to its competitors), nor does the state's Air Resources Board establish a price. The credits are entirely an opportunity to provide additional flexibility to car manufacturers to comply with a program whose ultimate goal is to support the commercialization of cutting-edge clean technology vehicles, and ensure that we get as many of them as possible on our roads and highways as fast as possible.
November 5, 2012 |
After bidding farewell to our Hyundai Santa Fe Sport last week, we welcome to The Times Test Garage a very different vehicle: the Tesla Model S. As you likely know, this is an all-electric vehicle from the company that brought you the Roadster . Tesla was founded by its current chief executive, Elon Musk, and is based in Palo Alto. All Model S cars are assembled in Fremont, Calif. The Model S we have this week has the largest of three available batteries (in terms of range)