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.
CALIFORNIA | LOCAL
April 25, 2013 |
Should the state play a role in preventing obesity among its residents? State Sen. Bill Monning (D-Carmel) has introduced legislation that would levy a 1-cent-per-ounce tax on sweetened beverages, including sodas, as part of an effort to fight obesity among young people, The Times' Patrick McGreevy reported. The measure is meant to discourage people from consuming sweetened drinks, and the money collected would pay for a statewide childhood obesity prevention program through a Children's Health Promotion Fund.
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)
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 21, 2011 |
In 2006, when director Chris Paine released "Who Killed the Electric Car?" the story of GM's short-lived, battery-powered EV-1, the villains were many, but consumer apathy played its role. With "Revenge of the Electric Car," Paine's entertaining follow-up, top GM exec Bob Lutz gives much credit for the company's 180 to consumer outrage. Wall Street might want to take notice of how quickly tides can change. "Revenge" follows the three-way race between GM, Nissan and Silicon Valley rogues Tesla Motors to bring an electric model successfully to market by centering on the three biggest personalities involved: Lutz, Nissan head Carlos Ghosn and Elon Musk, the PayPal mogul behind Tesla who goosed GM into action with his sexy gas-free sports car. Invited "behind enemy lines" as narrator Tim Robbins intones, by GM themselves in 2007, the filmmakers gained access across the board by promising not to release the film until the cars hit showrooms in 2011.
December 5, 2012 |
The U.S. Defense Department plans to open more than a dozen rocket launches to competition, moving to end a monopoly held by a Lockheed Martin Corp.-Boeing Co. joint venture. The Air Force is authorized to buy as many as 14 booster cores over the next five years from potential competitors such as Space Exploration Technologies Corp., the Hawthorne company known as SpaceX and headed by billionaire Elon Musk, and Orbital Sciences Corp. of Dulles, Va., wrote Frank Kendall, the Pentagon's top weapons buyer, in a Nov. 27 memo obtained by Bloomberg News.
May 22, 2012 |
SpaceX's Falcon 9 rocket roared to life before dawn at Cape Canaveral, Fla., today and blasted into space on a column of fire that lit the night sky for miles around. The nine-engine rocket lifted off at 3:44 a.m. EDT carrying a cone-shaped space capsule that's set to berth with the International Space Station later this week. SpaceX, formally known as Space Exploration Technologies Corp., is the first private company to embark on such a mission. Up until now, sending a spacecraft to the space station has been a feat that has only been accomplished by four of the world's wealthiest and most technologically advanced governments: the United States, Russia, Japan and the European Union . The launch marked a major milestone in efforts to shift spacecraft development -- long dominated by governments and large, entrenched aerospace firms -- to privately funded firms such as SpaceX that so far have been funding their ventures largely on their own. About 10 minutes into the spaceflight, SpaceX confirmed that its gleaming, white Falcon 9 rocket had lifted the unmanned Dragon space capsule into orbit.
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.
March 1, 2012 |
At a launch pad in Cape Canaveral atop a towering 18-story rocket sits a spaceship that NASA officials hope will be the first privately built craft to dock with the International Space Station. The gumdrop-shaped space capsule was slated to begin its historic mission earlier this year. But Hawthorne rocket venture Space Exploration Technologies Corp., the company that manufactures the spacecraft, said more engineering work was needed before blast off. The company, better known as SpaceX, posted a photo Wednesday on its Twitter account of the Dragon capsule and its Falcon 9 rocket sitting vertical at its launch complex.
February 19, 2014 |
Tesla Motors Inc. narrowed its losses in both the fourth quarter and the year as the electric car maker ramped up sales both in the U.S. and internationally and collected about $150 million from the sale of environmental credits. Shares of Tesla soared to a record when it released the financial report after the stock market closed, rising $24.10, or 12.5% to $217.74 in after-hours trading Wednesday. Tesla said that it lost $16.3 million in the fourth quarter. That compared with a loss of $89.9 million a year earlier.