October 24, 2013 |
Tesla Motors of Palo Alto announced Thursday that it has hired Apple vice president Doug Field to oversee its new vehicle programs. While at Apple, according to Tesla's news release, Field "led the development of many new products at Apple including the latest MacBook Air, MacBook Pro, and iMac. " Live unboxing: Microsoft Surface 2 tablet [Video chat] This is not his first stop in the auto industry. Previously, Field worked as an engineer at Ford Motor Co. While Tesla didn't provide many details, the company said Field would be "responsible for driving development of new vehicles" and called him "an accomplished leader and engineer of innovative, high-technology products.
October 3, 2013 |
Shares of electric car company Tesla Motors continued to fall Thursday after pictures and video of a mysterious Tesla Model S fire circulated on the Internet. The fire raised concern the popular luxury car -- Tesla is selling all it can make -- might have some sort of flaw with its lithium-ion battery system that could be costly to fix or would spook potential buyers. “While car fires are typically not newsworthy, we expect this incident to gain heightened scrutiny as NHTSA (National Highway Traffic Safety Administration)
September 16, 2013 |
The trade group for California's new car dealers wants the state Department of Motor Vehicles to investigate Tesla Motors' advertising practices, alleging that the upstart automaker is violating various state and federal laws in marketing its electric cars. The California New Car Dealers Assn. claims that Tesla inflates the savings customers accrue from various federal and state incentives to encourage the purchase of electric cars and from other perquisites, such as a permit to drive solo in most California carpool lanes.
September 12, 2013 |
Inch by inch, hybrids and electric cars are gaining ground in the U.S. auto market. Automakers sold 54,855 hybrids in August, reports Autodata Corp., a sales tracking firm. That is a 32% gain from the same month a year earlier and an industry record for any prior month. Sales of rechargeable cars, which include plug-in hybrids such as the Chevrolet Volt and electric-only vehicles such as the Tesla Model S and Nissan Leaf, also set a record last month, climbing to 11,392, a 147% gain from the same period a year ago. Auto information company Edmunds.com says electric cars make up just 0.4% of the U.S. auto market now, but will grow to 1.5% by 2017.
August 23, 2013 |
Tesla Motors this week trumpeted the results of a federal auto test of its electric Model S sport sedan, calling it the safest car in America. But what went unnoticed was that the Palo Alto automaker had little relevant competition - federal safety regulators don't test most luxury cars. So the Model S may well be safer than all cars costing $50,000 less. But whether it's safer than direct competitors from Audi, Mercedes or BMW remains a mystery. Such cars aren't often rated because crash testing is hugely expensive, and even more so when luxury cars are involved.
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.