Elon Musk
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Every movie has to have a premiere, and every premiere has to have a red carpet. When the red carpet is on a Manhattan sidewalk, with plenty of passers-by stopping to gawk, and many of the celebs are arriving in electric cars, things get a little more complicated. Still, last night's premiere of Revenge of the Electric Car offered its share of glamor, even if the stars were better known in the automotive and electric-car advocacy world. They included Elon Musk, CEO of electric carmaker Tesla Motors (accompanied by his mother); former GM vice president and all-round "car guy" Bob Lutz;...
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'Who Killed The Electric Car?' Sequel Premieres Tonight (Video)It's taken as gospel by many of the people who have seen it since its 2006 release, and there's no denying its influence. "Who Killed the Electric?" seemingly stung General Motors enough that the company unveiled the Chevrolet Volt concept in 2007 and then, startled by its popularity, decided to...
John Voelcker -
Does The Future Of Electric Cars Lie In Capacitors?Back to the Future may have been right: The cars of tomorrow will be powered by capacitors (they will not, presumably, be able to time-travel). At least, that’s what Tesla CEO Elon Musk said at yesterday’s Cleantech Forum in San Francisco, unleashing a torrent of speculation that the...
VentureBeat's GreenBeat -
Report: Tesla Model X SUV Will Be Compact Yet SpaciousWe got our first hints that Tesla was planning several new models after the Model S electric sedan following the release of some official slides in the company’s IPO presentation last June. Soon after Tesla CEO Elon Musk confirmed that one of these new models, an electric SUV dubbed the Model...
Viknesh Vijayenthiran -
Tesla’s Challenge: Build $30k Mainstream Electric Car by 2015Build a $30,000 electric car in under four years. That’s the promise made last night by Tesla CEO Elon Musk. Speaking at the Cleantech Investor Summit in Palm Springs, California, the 39-year old businessman shared his plans for the venture-backed automaker. In addition to bringing the 2012...
Nikki Gordon-Bloomfield -
Tesla Thanks Toyota CEO with a 2011 Roadster Sport 2.5Finding the perfect gift to say thank you is a difficult task. Finding the right thank you present is a fine line between a gift that will convey that special message and something you know is unique. So what do you give the CEO that has everything, especially if he runs the world’s largest...
Nikki Gordon-Bloomfield -
Electric car start-up Tesla Motors currently only sells one model, the high-performance--and high-pricetag--Roadster, but the company is currently working on a new sedan model dubbed the Model S that’s due to hit the streets in mid-2012 with a base price around the $57,400 mark. However, to really cut it as a major automaker Tesla will eventually need a full lineup of models, something we got a preview of in the company’s IPO presentation revealed back in June. Tesla is now moving closer to achieving its goal of becoming a full line automaker with the opening of its factory late...
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Tesla's Elon Musk Says Plug-In Hybrid Cars Are, Ummmm, FrogsWorking at Tesla Motors must be a lot of fun for many reasons. There's the chance of driving a lightning-fast 2011 Tesla Roadster Sport 2.5, for one. Then there's the chance that you'll be privy to hearing your CEO say something untrue. Or just wacky. Our latest example: On the sidelines of Tesla's...
John Voelcker -
Curiouser and Curiouser: Tesla's 'Gay' Electric Car ConnectionOh, what a tangled web we weave in the insular little world of electric car advocates. Take the news earlier today that Universal Pictures has agreed to a request from the Gay & Lesbian Alliance Against Defamation that it pull a trailer for a new Vince Vaughan movie in which the B-list star...
John Voelcker -
Tesla's Elon Musk Sneers at 'Primitive' 2011 Nissan Leaf BatteryAutomakers often do comparison ads showing how their features or specs are better than their competitors', but they don't generally trash other makers' designs in public. Like so many conventions, this one doesn't seem to apply to Elon Musk, CEO of venture-funded startup Tesla Motors [NSDQ:TSLA]...
John Voelcker -
Tesla Motors Reports Wider $38.5M Loss, But Says It’s On TrackAs predicted, Tesla Motors posted higher losses for the second quarter during its earnings announcement today — its first as a public company. The electric vehicle maker says it brought in $28.4 million revenue, but lost $38.5 million ($5.04 a share), up from the $29.5 million lost last quarter...
John Voelcker -
Tesla Founder Eberhard Leading VW Efforts in Silicon ValleyMany global automakers have research outposts in Silicon Valley. BMW's is one floor of an unremarkable office building in downtown Palo Alto, while Volkswagen's much larger Electronics Research Laboratory (ERL) occupies a whole building in an office park nestled in the foothills above Stanford...
John Voelcker -
Elon Musk leads a complicated life, from Tesla Motors' recent IPO to an ongoing and nasty divorce battle, not to mention questions about his veracity, but the seemingly subdued Tesla CEO remains firmly in the public eye. He took the time to go on the latest episode of The Colbert Report, where he opened up a little bit about everything he's doing, including future plans for the two companies he leads--Tesla and SpaceX--and his life in general. Musk told host Stephen Colbert that Tesla plans a third model after the 2012 Model S luxury sports sedan. He hopes to sell that still-unnamed vehicle...
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Rabobank, SolarCity Switch On Chargers Along Highway 101, CACalifornia's Highway 1, otherwise known as the Pacific Coast Highway is one of the world's most famous roads and one we should all drive at some point in our lives. Some 400 miles of driving, a trip from San Francisco to Los Angeles might be a fun journey in a gas car, but isn't a trip many would...
Nikki Gordon-Bloomfield -
Tesla Motors CEO Elon Musk Can't Handle the TruthElon Musk, the CEO of electric-car startup Tesla Motors and rocket-launcher SpaceX, should be applauded for the mighty challenges he’s taken on and the powers of persuasion he has deployed to build his companies. But along the way, he discovered that he could stretch the truth, casually and...
John Voelcker -
IPO Nets Tesla CEO Elon Musk A Cool $24 MillionWhen Tesla (Nasdaq:TSLA) finally listed on Nasdaq on Tuesday its share price went from $17 up to $23.89 at the end of trading, a gain of almost 41 percent in just one day alone. Scores of profit takers would have been rejoicing; among them Tesla CEO Elon Musk who managed to walk away with a cool...
Viknesh Vijayenthiran -
Why Is Tesla’s Stock Deflating After Only Two Days?Good news for those of you who shorted Tesla Motors' stock: the electric car company’s shares are already falling in price as the zeal around its $226 million public debut begins to fade — after just two days. TSLA closed at $21.96 today, its third day of trading, after falling $1.87. Yesterday...
John Voelcker -
VantagePoint’s Alan Salzman on Tesla and how VCs should think greenI just sat down with Alan Salzman, CEO of VantagePoint Venture Partners — perhaps better known today as the first venture capital firm to invest in Tesla Motors — to see how he’s feeling about the big win, and what it might mean for VPVP’s growing green strategy. As you can imagine, he was...
John Voelcker -
Quick, name the last automaker to go public before yesterday's Tesla Motors IPO. Stumped? It was Ford Motor Company. The year was 1956. Perhaps buyers of Tesla Motors stock [NSDQ:TSLA] were optimistic because they had little context to assess the comapny. Tesla's stock soared from its offering price of $17 to close at $23.89 by the end of yesterday, meaning Tesla Motors is now worth $2.2 billion. Not bad for a company that's sold just over 1,000 cars and lost almost $300 million in its seven-year life. "The hard work starts now" Now what? We asked a pair of industry analysts to react to the...
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Tesla Stock Surges Nearly 41 Percent On First Day Of TradingWall Street investors rallied behind Tesla (Nasdaq:TSLA) today, with the electric car start-up’s share price surging nearly 41 percent on its first day of trading on Nasdaq. Tesla’s share price ended the day at $23.89 a share, a gain of $6.89 on its opening price of $17. Just the day before...
Viknesh Vijayenthiran -
Last minute sprint boosts Tesla shares to $23.89, valuation to $2.2BThe Nasdaq is closed, and Tesla Motors [NSDQ: TSLA] is ending its first day on the market at $23.89 a share, a 40.5 percent increase over the $17 pricing it announced last night. This is a rock star showing for the electric car company, which has exceeded expectations that were already sky high. As...
John Voelcker -
Tesla IPO Raises More Than $226 MillionTesla (Nasdaq:TSLA), or TSLA as it will trade under on Nasdaq, has been priced at $17 per share, allowing the electric car start-up to raise more than $226 million in its IPO. Investors were expecting the share price target range to be between $14 and $16 but the overflow of excitement saw Tesla...
Viknesh Vijayenthiran -
Friday Favorite: Best 2009 Tesla Roadster Video Review Ever!We've driven a 2009 Tesla Roadster, contributed to the complete review, and written about the torturous tradeoff between using the stupendous acceleration and maintaining enough battery range to get you home again. While the Roadster will go down in history for making electric vehicles sexy, Tesla...
John Voelcker -
Does Tesla's Toyota Deal Change Everything For Electric Cars?The surprise partnership between Tesla Motors and Toyota announced two weeks ago generated a lot of head-scratching. The big question is, What does Toyota get out of the deal? It's easy to see what Tesla gets: more capital (Toyota will invest $50 million in Tesla just before its planned public...
John Voelcker