Tesla News
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Ask most consumers to describe an electric car and the chances are they will talk about the Tesla, the 2011 Nissan Leaf, maybe the 2011 Chevrolet Volt. They almost surely won't think of the large, luxurious, and expensive Range Rover. They may talk about how expensive EVs are. And unless they're familiar with Toyota's RAV4 EV, produced in small numbers from 1997 to 2003, the concept of an electric SUV will be an oxymoron. A go-anywhere, do anything, carry everything SUV? As an EV? But a U.K. based firm is taking the concept of an all-electric SUV to a whole new level with a vehicle it claims...
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Tesla Takes The Trendy Train, Hires Ex Apple-Stores, Gap GuruSuper sexy Silicon Silicone Valley darlings Tesla Motors might be feeling a little motion sickness after the ups and downs of its first two weeks on the stock market, but its most recent hire brings a whole new level of retail chic to its aggressive sales plans. You'd be forgiven for thinking that...
Nikki Gordon-Bloomfield -
UPDATE: Tesla To Send Toyota 2 Cars Converted To Electric Power[UPDATE: Tesla spokesman Ricardo Reyes says the original report via Bloomberg that Tesla would develop two separate electric models for Toyota was erroneous, and may have been further confused later by the fact that Tesla had developed two prototype RAV4 vehicles.] ++++++ UPDATE: Citing Japanese...
John Voelcker -
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 -
Toyota Already Building a Car To Test Tesla's Battery, It SaysOne of the many unknowns about Toyota's partnership with Tesla was whether it would result in a jointly produced car. That won't be known for many months yet, but Toyota has already taken a first step: It's building Tesla's battery into a test car so it can compare the Silicon Valley startup's...
John Voelcker -
California Yanks Prius Perks: No More Hybrid HOV-Lane AccessYou may remember that in California, 85,000 lucky owners of three hybrid vehicles were granted special stickers giving them access to High-Occupancy Vehicle lanes, even with only a single occupant in the car. Well, their luck runs out on December 31, the last day those stickers are valid. While...
John Voelcker -
Last week, electric car maker Tesla Motors made history as the first automotive company to go public since Ford in the 1950s, but its share price continues to drop, down another 9.24 percent so far today. Despite its buzz and sex appeal, it looks like the company won’t be able to escape the fate of other green stocks, which continue to perform miserably. Nick Hodge of Green Chip Stocks has taken a deep dive into exactly how bad the situation is — and it’s pretty bad with solar and clean energy stocks spearheading the decline. In the last 24 months, green equities have lost as much as 72...
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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 -
BREAKING: The Tesla Roadster 2.5 Is More Than Just A Few TweaksTesla have taken cues from the world of software design as it announces the latest set of upgrades to its world-famous Tesla Roadster. But unlike a minor software upgrade, the Tesla 2.5 model gives customers a whole lot more than a few performance tweaks. Just days after its IPO and with shares...
Nikki Gordon-Bloomfield -
2011 Tesla Roadster 2.5: New Looks, Wheels, Seats, Less NoiseTesla's on a roll, it seems. Two days after its successful public stock offering, the company has released details of the latest updates to its Roadster electric sports car--known as "Roadster 2.5" after software-release numbering. The 2.5 version sports some new styling at front and rear...
John Voelcker -
Tesla Stock Update: Day Two Trading Comes Out Nearly FlatIs This An Indication Of the Future?
Jonathan McGrew -
I 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 pretty pleased yesterday, watching Tesla’s stock close 40.5 percent above its initial pricing of $17. His firm offered 238,748 of its 7.13 million shares in the sale, raking in a little over $4 million. But Salzman dodged congratulations on the lucrative exit. “Getting congratulated on something...
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IPO Or Not, Tesla Won't Survive As Independent, Analysts SayQuick, 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...
John Voelcker -
Tesla IPOs, Moves To Build New Roadster In-House and Stop LossesA Busy Week For One Of the Greenest Sports Car Makers
Jonathan McGrew -
Tesla Building Next-Gen Roadster Completely In-HouseToday was a big day for Tesla, with the company’s shares finally trading on Nasdaq and investors pouring in more than $226 million into its coffers. As with any major Wall Street listing, Tesla needed to submit an IPO filing to the SEC detailing its structure, future plans and just exactly where...
Viknesh Vijayenthiran -
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 (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 increase the number of shares it plans to offer to 13.3 million, nearly 20 percent more than originally planned. Most of that excitement is riding on news of the upcoming Model S electric sedan, which is expected to go on sale in 2012 priced at around $50,000. News also broke recently that the company...
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Elon Musk Draws Similarities Between Tesla, Google and Apple, But Are They Really Alike?Unless you've been asleep for the past two months the chances are that you already know that Tesla Motors is about to launch it's IPO. You're probably also aware that predicted investment from the IPO is now at $178 million, up $78 million from original estimates. But just how is Elon Musk...
Nikki Gordon-Bloomfield -
Tesla IPO Doc Reveals Plans For Crossover, Cabrio And Commercial VehicleTesla has previously hinted that its electric powertrain technology could be applied to a number of vehicle platforms and that the company would eventually expand its lineup beyond the current Roadster and upcoming Model S sedan. In fact, at Tesla’s announcement of interest in acquiring a $465...
Viknesh Vijayenthiran -
Tesla's IPO Presentation Reveals Future Product PlansElon Musk and a slideshow have explained what's coming from Tesla.
Nelson Ireson -
Tesla Opens Up About Its New Old FactoryThe ink's barely dry on the Tesla - Toyota deal that gives the startup electric-car maker a new manufacturing home. But today, Tesla's going public with some details on how it plans to use the former NUMMI facility in Fremont, California, to build its mainstream 2012 Tesla Model S sedan. The former...
Martin Padgett -
Drive An Electric Race Car From Alaska to S America? Why Not?The British have a long history of improbable and unlikely quests. Sometimes they succeed, sometimes they fail. So the attempt by a group of 20-something engineers to boost the image of electric cars in the public eye by driving the length of the Pan-American Highway in an electrically powered...
John Voelcker