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Tesla Motors Inc

BUSINESS
May 20, 2009 | Martin Zimmerman
German automaker Daimler has bought nearly 10% of Tesla Motors Inc., giving a financial boost to the California electric car company. Daimler, which owns Mercedes-Benz, didn't disclose the amount of the investment, saying only that, priced in euros, the amount was in "eight figures." In January, Daimler selected Tesla to provide batteries and chargers for the German company's Smart EV electric car.
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BUSINESS
June 15, 2010 | By Jerry Hirsch, Los Angeles Times
Electric-car maker Tesla Motors Inc. plans to raise about $167 million by selling stock to the public later this year. The Palo Alto maker of a $109,000 Roadster electric sports car said in a Securities and Exchange Commission filing Tuesday that it planned to sell as much as 12.8 million shares for up to $14 to $16 each in an initial public offering. The offering is "highly anticipated" and values the company at about $1.5 billion, according to IPO research firm Renaissance Capital.
BUSINESS
February 16, 2011 | By Tiffany Hsu, Los Angeles Times
Tesla Motors Inc. saw its loss increase 177% last year, as research, marketing and manufacturing expenses piled on for the young electric-vehicle company. The Palo Alto automaker said the loss ballooned to $154.3 million in 2010 from $55.7 million in 2009. After its June initial public offering, it became the only publicly held automaker in California. Tesla's loss for the fourth quarter that ended Dec. 31 was $51.4 million, company executives said Tuesday. Founded in 2003, Tesla has garnered a lot of attention for its high-priced electric car that has been bought by the likes of Matt Damon and Leonardo DiCaprio.
ENTERTAINMENT
May 31, 2013 | By Ryan Faughnder
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.
BUSINESS
May 22, 2012 | By Jerry Hirsch
Tesla Motors Inc. said it will begin delivering its first mass production electric car - - the high-end Model S to customers starting June 22, about a month ahead of the expected schedule. The Palo Alto-based company says it has more than 10,000 orders for the battery-powered car but that not all will be delivered this year. The announcement of early deliveries by the company co-founded by tech industrialist and chief executive Elon Musk came on the same day that SpaceX, another Musk company, became the first private business to launch a spacecraft to the International Space Station.
BUSINESS
May 23, 2012 | By Tiffany Hsu
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.
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
October 11, 2006 | John O'Dell, Times Staff Writer
The battery-powered electric car isn't dead yet. Mitsubishi Motors Corp. said in Tokyo today that it would introduce the third generation of its battery-powered electric car Oct. 23. The research vehicle will be tested by two Japanese power companies beginning in January. The car is based on Mitsubishi's popular four-seat mini-car, the i. Mitsubishi says the electric car has a top speed of 80 mph and can travel 80 to 100 miles on a single charge.
BUSINESS
October 7, 2010 | By Jerry Hirsch, Los Angeles Times
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.
BUSINESS
December 12, 2012 | By Tiffany Hsu
SolarCity Corp. expanded the size of its highly anticipated initial public offering but knocked down the share price in what analysts said was a bid to boost investor demand. The San Mateo company said in a Wednesday filing with the Securities and Exchange Commission that it plans to sell 11.4 million shares at $8 apiece. That values the company, which is one of the country's largest providers and installers of residential and commercial solar power generating systems, at about $584.6 million.
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