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)
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.
April 19, 2013 |
Guests at the ASCAP Pop Music Awards in Hollywood on Wednesday were told that the dress code was "creative black tie. " That left a lot of fashion running room, and the musical crowd turned up in such attire as evening gowns and black jeans, Ellen Olivier of Society News L.A. reports. RaeLynn of "The Voice" wore a fun cocktail dress with corset by designers Ani & Ari. [Society News L.A.] Adidas, which helps sponsor the Boston Marathon, has unveiled a limited edition T-shirt that will be sold to benefit the One Fund Boston , established to help people affected by the bombings on Monday.
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.
November 18, 2013 |
No one can deny that Elon Musk of Tesla Motors is a great promoter , and possibly a great motivator of engineering manpower. As a seller of electric cars at a profit ... well, let's just say the jury is still out. But it can't be good for Musk or his company that investors are beginning to wonder about that last question. The evidence for this is the stock market's reaction to Tesla's latest quarterly earnings report, issued earlier this month. Like previous quarterly statements, the third quarter report was shot through with fancy accounting gimmicks, including the booking of 100% of lease income as revenue up-front.
CALIFORNIA | LOCAL
April 24, 2013 |
Elon Musk quips that it's easier getting rockets into orbit than navigating his commute between home in Bel-Air and his Space Exploration Technologies factory in Hawthorne. "The 405 … varies from bad to horrendous," said Musk, who also co-founded PayPal and Tesla Motors. "It just seems people in Los Angeles are being tortured by this. … I don't know why they aren't marching in the streets. " The massive project to widen the 405 Freeway is not only causing traffic nightmares for motorists like Musk but has also been plagued by cost overruns and delays.
April 1, 2013 |
Tesla sales of its Model S electric sedan have exceeded the target that the Palo Alto-based automaker set in February, giving it enough of a boost to claim its first quarterly profit. Tesla has sold 4,750 Model S cars or about 250 more than the February target. The better than expected sales allowed Tesla to predict "full profitability" in an amendment to its guidance for first-quarter performance. After Tesla had reported a loss of $75 million in the fourth quarter, observers had expressed concerns about the automaker's ability to quickly churn out enough electric vehicles to sustain it in the long term.
November 27, 2012 |
If space truly is the final frontier, does that make Elon Musk a real-life Capt. Kirk? Musk, the founder of SpaceX -- which has a $1.6-billion contract with NASA to ferry cargo to the International Space Station using its private Falcon 9 rocket and Dragon capsule -- last week laid out an even bolder vision : a colony of 80,000 people on Mars. The price of a ticket? About $500,000 a colonist. (And no, this deal doesn't include a bridge in Brooklyn. The guy's already done the math.
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.
January 13, 2011 |
Hawthorne-based rocket venture Space Exploration Technologies Corp. has received $25 million from NASA since successfully launching its 18-story Falcon 9 rocket and Dragon space capsule from Cape Canaveral last month. The company, better known as SpaceX, has developed the Dragon capsule under NASA's Commercial Orbital Transportation Services program. The spacecraft, which can carry as many as seven astronauts, is considered a contender for the multibillion-dollar job of ferrying crews to and from the International Space Station after the space shuttle is retired this year.