April 16, 2008 |
Electric car maker Tesla Motors has sued a well-known automotive designer it hired to style the body and interior of its electric-hybrid four-door sedan, after the man announced plans for a competing vehicle.
October 16, 2008 |
The credit crisis has hit the country's leading electric car maker. Citing "extraordinary times," Tesla Motors, maker of the battery-powered, $109,000 Roadster, said Wednesday that difficult market conditions were forcing it to delay production of its next-generation vehicle, close two offices, lay off an unspecified number of employees and replace its chief executive. For now, the San Carlos, Calif.
January 14, 2009 |
Tesla, the San Carlos, Calif.-based electric car company, said Tuesday that it had been selected to provide the batteries and chargers for Daimler's Smart EV electric car and would deliver 1,000 of the batteries this year and next. "Daimler just gave me permission this morning to announce the news," said Tesla Chief Executive Elon Musk, best known as the co-founder of PayPal.
July 9, 2008 |
Tesla Motors Inc., aiming to be the first high-volume electric-car maker, hired a manufacturing chief who led Chrysler's development of the Jeep Wrangler and minivans with fold-flat seats. Michael Donoughe, 49, will become an executive vice president at Tesla. Donoughe was with Chrysler from 1983 until last March.
February 9, 2008 |
Tesla Motors Inc., aiming to be the first high-volume electric car maker, raised $40 million more from Silicon Valley investors to ensure that it could begin production next month after delays and a management shake-up. Tesla is closing the "funding round right now," Chairman Elon Musk said. San Carlos, Calif.-based Tesla collected $100 million earlier from backers including Google Inc. founders Larry Page and Sergey Brin and venture capital firms such as Palo Alto-based Technology Partners.
August 23, 2013 |
Is the Tesla Model S really the safest car on the road? One key fact went unnoticed this week as Tesla Motors Inc. trumpeted its "best" crash-test rating in the media: The federal government doesn't test most other luxury cars. So the Model S may be safer than many cars costing far less. But whether it's safer than direct competitors from BMW, Audi and Mercedes-Benz - considered among the safest cars available - remains a mystery. What's more, the federal safety regulators privately reprimanded the automaker for publicly claiming the Model S scored better than any other car, according to a source familiar with the discussions.
May 31, 2013 |
Want to hear an Antarctica-based folk music station in your car? How about a radio broadcaster that plays only Grateful Dead covers? TuneIn is trying to make that a possibility for more people. The Palo Alto company, founded in 2002, is taking on competitors such as Pandora Media Inc. and Sirius XM Radio Inc. in the automotive market by offering products that stream music, news, sports and talk radio stations in vehicles. The company's website and mobile apps aggregate and stream content from stations around the world and generate revenue from digital display ads and commercials that play before the stream begins.
May 23, 2012 |
Tony Stark, alias Iron Man, is suave, brilliant, mega-rich and dripping with beautiful women. Sounds an awful lot like Elon Musk, the South African entrepreneurial wunderkind who spent his Tuesday shooting a rocket into space and making a major advance in electric vehicles. The 40-year-old served as an inspiration for the fictional genius billionaire in the "Iron Man"movies, according to director Jon Favreau. Musk even makes a cameo in one of the films. But the comparisons are really getting some traction now, with the comic book character playing a pivotal role in the blockbuster "The Avengers" at the same time that Musk kicks two of his grandest ventures into high gear.
April 30, 2012
SolarCity Corp., the developer of rooftop solar power systems whose chairman heads Tesla Motors Inc., is planning an initial public offering. The offering will begin after the Securities & Exchange Commission reviews a draft registration statement the San Mateo, Calif.-based company submitted April 26, according to a statement that didn't say how many shares it plans to sell or at what price. SolarCity is seeking to go public while other renewable- energy companies are abandoning their IPO plans.