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.
September 22, 2009 |
SAN FRANCISCO -- The co-founders of the electric car company Tesla Motors Inc. have settled their legal battle with laudatory statements of each other's accomplishments. Former Chief Executive Martin Eberhard dropped his lawsuit accusing current CEO Elon Musk of slander, libel and other claims. Eberhard had charged Musk with unfairly blaming him for the San Carlos, California-based company's well-documented missteps and with wrongly claiming to be a company founder. Eberhard launched Tesla in 2003, and Musk joined the company the following year as majority investor.
October 4, 2013 |
SACRAMENTO - Gov. Jerry Brown has signed into law legislation that was heavily lobbied by Silicon Valley entrepreneurs and aimed at boosting sales of high-tech goods and services. Four measures, part of a package of 18 business-friendly bills approved Friday, seek to ease the regulatory burden on developers of smartphone-based payment systems; reverse a retroactive tax hike on investors in small start-up companies, and create a "Made in California" program to help market innovative, locally manufactured consumer products.
February 15, 2012 |
Electric car company Tesla Motors Inc. announced that it has a deal to provide the powertrain for a new Mercedes-Benz vehicle, even as it moves closer to manufacturing its own vehicles later this year. The Palo Alto automaker also said Wednesday that it expected revenue to roughly triple this year, when it will begin selling the Tesla Model S sedan, its first ground-up design. The company is about to launch production of the Model S at its factory in Fremont, Calif. For the new Mercedes model, Tesla will provide battery packs, motor, gearbox, inverter and all related software.
June 16, 2010 |
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 the $109,000 Roadster electric sports car said in a Securities and Exchange Commission filing Tuesday that it planned to sell as many as 12.8 million shares for between $14 and $16 each in an initial public offering. The offering is "highly anticipated" and puts the value of the company at about $1.5 billion, according to IPO research firm Renaissance Capital.
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.
August 28, 2011 |
Public electric vehicle chargers are cropping up across California's major cities, emerging in parking garages, near subway stations, alongside roads, and at shopping centers and office buildings. The idea is to soothe range anxiety — the fear that EV batteries will abruptly die, leaving drivers stranded without a power source. Public chargers could also help attract apartment dwellers to try out electric vehicles. Many are fast-chargers, which can juice up a dead battery in less than half an hour.
May 6, 2013 |
SACRAMENTO - A "Made in USA" label has long been seen as an advantage in marketing a product. Now there are in-state manufacturers that want to see the adoption of an official label that declares Made in California. State Sen. Ellen M. Corbett (D-San Leandro) has introduced legislation to require Go-Biz, the governor's business development office, to come up with a plan - including the new label - to promote California-manufactured products. The bill, now before the Senate Appropriations Committee, would enhance California's reputation for making environmentally safe and energy efficient products, Corbett said.
October 11, 2006 |
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.
May 28, 2013 |
Tesla Motors Inc. hit another milestone Tuesday morning. It's stock was up as much as $8.10 on the Nasdaq and topped $100 a share for the first time ever. As the trading day progressed, Tesla shares lost a little ground, but the price was still up $7.25 to $104.33 a share. Analysts said it wasn't just big news for Tesla, but for the beleaguered electric car industry as a whole, which has seen a spate of bankruptcies and bad news in recent months. PHOTOS: Top 10 cars with the lowest sticker price per mpg Last month Fisker Automotive failed to make a scheduled federal loan payment and Los Angeles-based Coda Automotive recently filed for bankruptcy protection and put itself up for sale, just to name a few of the industry's troubles.