According to reports, Tesla Motors (TSLA) has emerged as the leading seller of rechargeable vehicles in the North American market ahead of General Motors' plug-in Volt and Nissan's battery-powered Leaf.
South African billionaire Elon Musk led Tesla Motors is planning to change the financial strategy for its Model S electric sedan following concerns that the plan surpassed potential cost savings.
Musk said that the company will work to ensure that Model S resale value is the highest of any premium sedan brand on the market. The company will now allow customers to replay loans in 72 months to repay the loan instead of
On Friday, electric car-maker Tesla Motors opened the all-glass doors of a company store at a trendy shopping mall in San Diego, apparently in an attempt to pitch its new luxury plug-in electric car, the Model S.
The opening of the Tesla store in San Diego is evidently part of Tesla's ongoing efforts to exhibit its back-ordered Model S hatchback sedan - complete with its aesthetic, engineering and `green' competency - at malls and shopping areas which have sizeable foot-traffic.
In response to the two recent lawsuits filed against electric car maker Tesla, questioning the company's right to sell cars straight to customers and not through dealerships, the automaker's co-founder Elon Musk has said that the in-question move by Tesla does not violate the law.
With Presidential hopeful Mitt Romney - in his first debate with President Barack Obama - affixing the "losers" tag to upstart automakers Fisker Automotive and Tesla Motors, a strong response to Romney's remarks has been reported by problems-plagued plug-in hybrid car maker Fisker.
After posting a net loss of approximately $865 million through June 30, electric-car maker Tesla revealed in a Tuesday announcement that it intends selling five million shares to raise cash, as it missed production targets.
The announcement by Tesla comes at a time when concerns are already being raised about the company's long-term viability, especially after the federal government's earlier move to ease pressure on the company in the coming quarters by waiving a few conditions of its $465 million loan.
After having earlier announced that a "super charger" station will be constructed between Los Angeles and San Francisco so as facilitate the full charge of a Tesla battery in half an hour, electric car maker Tesla has recently disclosed that the details as well as deployment plans for its super charger technology will be unveiled next Monday night.
Tesla founder Elon Musk has recently hinted, during a conversation with Wired, that the automaker's fourth and fifth cars will apparently include a crossover SUV and a Roadster replacement; but those interested in getting behind the wheel of these vehicles will probably have to wait till their planned 2016 launch.
According to the details shared by Musk with Wired, the first vehicle on the agenda of the electric car company is the 2015 model of a $30,000-priced sedan which, Tesla is hopeful, will widen its audience significantly.
Tesla Motors has delivered its first Model S electric cars to customers and marked the event with festivities attended by around one thousand people.
People gathered at the company's plant in Fremont on Friday to mark the occasion of the first delivery of the world's first premium electric sedan, as claimed by the company. The model is expected to turnaround the company, which has been suffering losses ever since it was established in 2003.
Elon Musk led Tesla Motors has showcased its new battery-powered sport-utility vehicle, which is expected to go on sale next year.
The new SUV with gull-wing doors, Model X is claimed to be faster than Porsche AG's 911 sports car and has more space than Audi AG's Q7 SUV. The model will be launched in the market following the debut of the company's Model S sedan.
Toyota has informed that it is planning to invest 50 million dollars in US electric car firm Tesla Motors. Both Toyota and Tesla Motors have declared to build electric vehicles soon. Tesla has only production of 15 cars per week and has only 500 employees where Toyota is the largest carmaker in the world.
This agreement will give the Japanese company around 2.5% stake in Tesla Motors, which will make the new saloon model in the Toyota factory in San Francisco.
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