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.
June 27, 2013 |
As Los Angeles launches into its solar buyback program between companies and the L.A. Department of Water and Power, one rooftop power producer is exploring a way to avoid depending on utilities altogether. Lyndon Rive, chief executive of San Mateo, Calif.-based SolarCity Corp., said in an interview this week that his rooftop solar company plans to roll out a system that would allow customers to generate power by panels during daylight hours and store the energy in battery packs at night.
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.
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.
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.
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 22, 2014 |
BEIJING -- Thanking his Chinese customers for “taking a chance,” Tesla Chief Executive Elon Musk on Tuesday handed over the keys to the first nine electric vehicles the California car company has sold in the country. Plugging in a Model S at Tesla's first “supercharger” station in front of the company's offices in northeast Beijing, Musk vowed to build a nationwide network of the high-speed chargers -- which can deliver enough power for a 340-mile journey in about an hour -- “as fast as we can.” “We want to make sure people are able to travel almost anywhere within China using the supercharger network,” he said.
July 9, 2013 |
Tesla Motors Inc., will join the Nasdaq 100 stock index beginning Monday to fill the spot of computer technology company Oracle Corp., which announced last month it would move to the New York Stock Exchange. Headed by Elon Musk, the billionaire also responsible for PayPal and SpaceX, Tesla manufactures high-end electric cars. The Palo Alto company's Model S sedan starts at $62,200 and can exceed $100,000 with modifications. The automaker reported selling 8,931 cars in the first half of 2013.