March 8, 2013 |
Tesla Motors Inc. said in its annual report Thursday that it has received federal approval to complete the repayment of its $465 million in U.S. Energy Department loans five years ahead of schedule. The Palo Alto-based car company run by billionaire co-founder and Chief Executive Elon Musk had received the loan to develop and build electric cars. Tesla spokeswoman Shanna Hendriks said that the company had been scheduled to complete repayment by mid-December of 2022 but had instead arranged to complete the task by the end of 2017.
June 29, 2010 |
Tesla Motors Inc., the Silicon Valley-based electric sports car maker, got a warm welcome from investors in the company's initial public stock offering late Monday. Tesla priced its IPO at $17 a share, above the expected range of $14 to $16. The stock will begin trading on Nasdaq on Tuesday under the symbol TSLA. The deal marks the first IPO by an American car company since Ford Motor Co. went public in 1956. Tesla and current shareholders sold a total of 13.3million shares, raising $226 million.
CALIFORNIA | LOCAL
February 18, 2010 |
As investigators examined audio recordings to determine what caused a small plane to crash in a residential East Palo Alto neighborhood, authorities Thursday tentatively identified the three employees of Tesla Motors Inc. who died. The pilot was Doug Bourn, 56, a senior electrical engineer who had worked for the electric carmaker for five years and who mentored others. The company said Bourn, a flight instructor, loved flying. Also onboard the twin-engine Cessna 310 was Brian Finn, 42, a senior interactive electronics manager, who started working for Tesla in July 2008.
November 19, 2013 |
Los Angeles billionaire Elon Musk said Tesla Motors Inc. was being overly scrutinized by the media after three fires broke out in recent months on its expensive electric cars. Musk, chief executive of Tesla, addressed the topic during a wide-ranging interview before a Los Angeles World Affairs Council banquet Monday at the Hyatt Regency Hotel in Century City. "Our car is basically the safest car you can possibly drive if you care about fires," he said. “And that's not the impression you would have if you read newspapers.
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.
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.
May 11, 2012 |
DeLorean Motor Co. never had a future to get back to. Tucker Corp. got torpedoed. Fisker Automotive doesn't seem to have good karma. Launching a new auto business and building a brand in the U.S. is no simple task. But inch by inch, electric-car maker Tesla Motors Inc. seems to be doing just that. "Tesla continues to show its ability to manage expectations and deliver on what it promises," Morgan Stanley Research auto analyst Adam Jonas wrote in a report to investors.
October 7, 2010 |
Electric car company Tesla Motors Inc. opened up its Palo Alto headquarters and research center to the media for the first time Wednesday, divulging new information about its Model S sedan and showing off its growing automotive engineering capability. One of the surprises of the Model S is that its battery pack will fit in a large flat panel under the vehicle, providing rigidity for the body and enhancing handling and aerodynamics, said Peter Rawlinson, Tesla's chief engineer for vehicle engineering.
November 21, 2013 |
Consumer Reports said Thursday that the Tesla Motors Model S electric car has generated the highest consumer loyalty of any car it has surveyed in years. Owners of the luxury sports sedan, which sells for $70,000 to $100,000 depending on equipment and options, gave the Model S a score of 99 out of 100. The magazine said that it collected more than 600 survey responses from owners of 2012 and 2013 models. The score also matches “the near-perfect 99 overall test score the Model S earned in Consumer Reports' performance ratings,” the magazine said.
August 12, 2013 |
Los Angeles billionaire Elon Musk has already revolutionized spaceflight business for NASA. He has shaken up the automotive industry. Now he's turned his attention to public transportation. On Monday, Musk wrote a blog post revealing the design of his much-anticipated Hyperloop, the proposed high-speed transit solution that's supposed to take passengers from Los Angeles to San Francisco in 30 minutes. The line would travel along the I-5 and I-580 at speeds of up to 760 mph and would have the feel of an airline, Musk told reporters.