Californian automaker Tesla Motors [NSDQ:TSLA] suffered a 19.33 percent drop in share price on Friday last week after it announced two of its key engineers had departed the company months before its 2012 Model S was due to go on sale. Peter Rawlinson, Tesla’s vice president and chief engineer, along with Nick Sampson -- who supervised vehicle and chassis engineering on the luxury sedan -- left the firm earlier this month. According to Tesla spokesman Ricardo Reyes, Rawlinson -- an English engineer who had previously been chief engineer to Lotus Cars -- had resigned his post to...
Tesla Motors Earnings: Losses Rise, So Does Share Price
Silicon Valley startup electric-car maker Tesla Motors released its 2010 earnings report yesterday, and--as you might expect from a startup that has sold only cars for three years--it lost money. Investors apparently weren't fazed by the rising tide of red ink. Tesla shares closed yesterday at...John Voelcker
Five Questions: Peter Rawlinson, Tesla Motors Chief Engineer
If Tesla Motors had a single message to convey at the 2011 Detroit Auto Show, it was this: We're a real car company. Rather than show a completed prototype of its Model S all-electric luxury sports sedan, scheduled to launch by the end of 2012, the company showed the car's shell. That allowed other...John Voelcker