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Finance

  • 2017 Tesla Model S

    Tesla Motors has spent more than 10 years beating the odds for startup automakers. Most new, independent makers barely survive long enough to produce a handful of vehicles, let alone sell more than 100,000 and garner praise from both customers and the media—as the electric-car startup has done. Now the Silicon Valley automaker can claim another distinction no other company in its position has likely ever won. DON'T MISS: Tesla Model 3 timing confirmed: first cars in July, 5K a week by next year In market value, Tesla Motors now rivals the Detroit Three U.S. automakers. That news was...

  • Tesla Store Los Angeles [photo: Misha Bruk / MBH Architects]
    Tesla May Lose Money Building Electric Cars, Or It May Not

    One of the most contentious points in coverage of electric-car maker Tesla Motors is its financial performance. On the one side, analysts and naysayers note that the company continues to lose money. CEO Elon Musk himself has admitted that the company won't turn a profit using Generally Accepted...

  • Tesla Motors, Palo Alto, California
    Tesla Motors Announces New Stock Sale Of $500 Million

    It had to come, and it did: Tesla Motors is selling more stock to bolster its cash position as it prepares to launch its second high-volume electric car. The California company announced this morning it would offer $500 million in new common stock And, the company noted, CEO Elon Musk "intends to...

  • Tesla Model X at 2013 Detroit Auto Show
    Tesla Delivery Goal Fell Due To Slower Model X Production Ramp: Sources

    The quarterly financial results issued by electric-car maker Tesla Motors, plus the ensuing conference call with CEO Elon Musk, are eagerly followed by fans and analysts alike. Some of its most scrutinized numbers are the Model S production and delivery numbers, and the projections for how many...

  • Tesla Motors CEO Elon Musk at Motor Trend 'Car of the Year' ceremony in New York City, Nov 2012
    Tesla Had A Deal To Sell Itself To Google Til Musk Walked Away

    Like any startup company, Tesla Motors has had crises where the electric-car maker came very close to financial collapse. One was in 2008, when its Roadster model was late in delivery and its two-speed transmission proved unable to handle the car's power. But a second crisis developed in late 2012...

  • 2014 Smart ForTwo Electric Drive
    Tiny Smart Cars Lose $5 Billion For Mercedes-Benz: Report

    The Smart has lost more money than any other European car, a new report says.

  • Gasoline costs & fill-ups per month reported by Mint.com users, by city, Summer 2011

    As we've noted before (here and here, for instance), we love a good infographic. So we're pleased that Mint has allowed us to use their map of how much their users spend on gasoline--showing which U.S. cities spend the most and the least on gasoline at every fillup. Their map shows four quadrants, from highest to lowest cost: Guzzlers, Gulpers, Sippers, and Teetotalers. That last one isn't quite right--a gasoline teetotaler would actually be a battery-electric vehicle that plugs into the grid and uses no gasoline at all--but we'll let it pass. What's the average amount Mint users spend each...

  • 2011 Coda Sedan at Hertz Global EV rental launch, New York City, December 2010
    Electric-Car Startup Coda Gets $76 Million in Venture Funds

    Last year was a rough one for electric-car startup Coda. The company replaced its CEO, along with its marketing chief, and announced a delay of up to nine months in the launch of its first car, the 2011 Coda Sedan. This year is starting off on a much better note, though, with the announcement of an...

  • 2011 Tesla Roadster 2.5
    Tesla Shows Open Road To More Losses In Q3

    Tesla has announced its third quarter results. They show that revenues are down 31 percent from a year ago and that the car maker is losing nearly eight times as much money compared to the previous year. This quarter, Tesla lost $34.9 million, up 7.6 times from the $4.6 million from a year earlier...

  • money
    Electric Vehicle Incentives Guide: Country By Country

    Green conscience and new technology are both laudable, but getting extra money in your back pocket is nice too. Now, after all those years of paying taxes on your hard work, you can finally get some of it back. Consider it a tax refund for buying an electric car. Now that we know the purchase and...

  • Tesla Roadster NYC
    Finance Your Tesla Roadster With Bank of America

    Tesla Motors announced today that they're partnering with Bank of America to offer financing on their Roadster. This begs the following question: If you need to finance the Roadster, should you be buying one? Tesla has always been very protective of their customers' identities, but we know at least...

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