BUSINESS
February 1, 2010 | By Robert Faturechi
California electric car maker Tesla Motors Inc. plans to raise up to $100 million in an initial public offering, according to a filing with the Securities and Exchange Commission. The move brings the innovative car company, which has long enticed car enthusiasts, one step closer to becoming a household name. The price of shares or the timing of their availability is still unclear, but industry observers expect the much-anticipated offering to be well-received by investors.
CALIFORNIA | LOCAL
February 18, 2010 | By Maria L. LaGanga and Maura Dolan
Reporting from Orinda, Calif., and East Palo Alto, Calif. -- Residents of a densely packed neighborhood in East Palo Alto, Calif., awoke to explosions and fire Wednesday when a small plane carrying employees of an electric car company crashed in dense fog, killing all three aboard and spewing debris over several homes. The twin-engine Cessna 310 hit 60-foot-high transmission lines, and its fuselage was found tangled in wires. The victims, who were not immediately identified, were employees of Tesla Motors Inc., a San Carlos, Calif.
BUSINESS
November 26, 2009 | By W.J. Hennigan
The Downey City Council on Wednesday approved a preliminary deal that could help bring auto manufacturing back to Southern California for the first time in nearly two decades. The council agreed to a memorandum of understanding with Industrial Realty Group, the manager of an 80-acre parcel where Tesla Motors Inc. is considering building an electric-car plant. The facility is currently used for film and television production. According to the memorandum, the city will provide $8.7 million in economic development incentives to help Industrial Realty Group, or IRG, negotiate a lease agreement with the San Carlos, Calif.
BUSINESS
May 22, 2007 | John O'Dell, Times Staff Writer
In a move that could help promote development of batteries for electric and plug-in hybrid cars in the U.S., California's Tesla Motors Inc. plans to announce a $43-million, two-year deal this morning to supply electric-car batteries to Think, a Norwegian manufacturer of low-speed, electric "city" cars. The deal is expected to bring San Carlos, Calif.
BUSINESS
May 26, 2007 | John O'Dell, Times Staff Writer
You can feel the electricity. Tesla Motors Inc., manufacturer of an exotic electric roadster, will launch its brick-and-mortar retailing effort with a store on Santa Monica Boulevard near the 405 Freeway in November. And Environmental Motors, the newest dealer for Zap, importer of a three-wheeled, low-speed electric "city car" called the Xebra, just held a grand opening for its showroom at 134 S. Glendale Ave. in Glendale.
BUSINESS
March 27, 2009 | Ken Bensinger
The next American car factory could be in the Southland. Amid the auto industry's worst decline in decades, Tesla Motors Inc. said Thursday that it would build its all-electric sedan in Southern California, a possible boon to the sagging local economy. Elon Musk, chairman and chief executive of the San Carlos, Calif., start-up, made the announcement as he unveiled the prototype of its new vehicle. The $57,400 Model S gets up to 160 miles on a single charge.