Tesla Motors

Tesla Motors to keep selling electric vehicles in New York

Tesla Motors to keep selling electric vehicles in New YorkTesla Motors has won the right to continue selling its electric vehicles directly in New York to customers through five current locations under a new accord reached between the company and the authorities.

Several car dealers had moved to block the sale of vehicles directly from the company. The company has been selling its models that start at about $71,000. Legislation aimed at banning the sale of vehicles directly from the company was introduced in the Assembly and State Senate. The law would have blocked the sale of cars by manufactures directly.

Tesla opens new showroom in Bay Area

Tesla MotorsElon Musk led Tesla Motors has opened its new showroom in Palo Alto to expand its presence in the Bay Area to attract more customers to the brand.

Hundreds of people gathered at opening of America's newest Tesla store, which is located not far from the Stanford University and Google's campus, to take pictures of the models and the shiny new showroom. The new 27,000 square foot retail outlet will be the fifth location in the Bay Area beasides stores and service centres at Santana Row in San Jose, Fremont, Burlingame and San Rafael.

Musk posts update on twitter to look for ‘Autopilot’ car engineers

Musk posts update on twitter to look for ‘Autopilot’ car engineersElon Musk, the head of Tesla Motors, has taken to micro blogging site Twitter to look for the engineers for working on the company's auto pilot car project.

Tesla Motors now producing 500 Model S vehicles a week

Tesla Motors now producing 500 Model S vehicles a weekTesla Motors has started producing more than 500 Model S vehicles a week and is working to expand production to meet its targets.

Elon Musk, founder and CEO of Tesla Motors said, "Our big issue is raising production. We don't want to be complacent about demand, but our goal is to increase the pace of production. By the end of next year we want to do 40,000 annually."

Elon Musk to release Hyperloop on August 12

Elon Musk to release Hyperloop on August 12Elon Musk, the billionaire chairman and chief executive officer of electric-vehicle maker Tesla Motors, has said that he will release anew new mass transit method on 12 August, 2013 that will revolutionize the entire mass transit industry.

Tesla emerges North America’s top-seller of rechargeable vehicles

Tesla emerges North America’s top-seller of rechargeable vehiclesAccording 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.

Tesla Motors changes financing strategy for electric sedan

Tesla Motors changes financing strategy for electric sedanSouth 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

Tesla opens company store in San Diego shopping mall

Tesla opens company store in San Diego shopping mallOn 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.

Elon Musk: Tesla not violating the law

Elon Musk: Tesla not violating the lawIn 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.

Fisker Automotive to Romney: “We don’t consider ourselves a loser”

Fisker Automotive to Romney: “We don’t consider ourselves a loser”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.

Electric-car maker Tesla struggles after missing production targets

Electric-car maker Tesla struggles after missing production targetsAfter 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.

Tesla to unveil details and deployment plans for its “super charger” technology

Tesla to unveil details and deployment plans for its “super charger” technologyAfter 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.

Elon Musk: Tesla working on crossover SUV and Roadster replacement

Elon Musk: Tesla working on crossover SUV and Roadster replacementTesla 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 delivers first Model S electric cars to customers

Tesla delivers first Model S electric cars to customersTesla 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.

Tesla Motors releases new battery-powered SUV

Tesla Motors releases new battery-powered SUVElon 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 is planning to invest in electronic car firm Tesla Motors

Tesla-ToyotaToyota 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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