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Tesla reportedly needing more loans to survive in 2013


Tesla Motors will be in a very difficult situation next year without loans from the U.S. Department of Energy, MarketWatch reports. Without the hundreds of millions of dollars received by Tesla from the federal government this year, the electric-car maker's finances would be „gasping for air as 2012 winds down”. The report's author, John Shinal, believes Tesla Motors, valued at $4 billion, ...
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Ford opens Silicon Valley Lab
Ford Motor Co on Monday said it has officially opened its Silicon Valley Lab (SVL) in Palo Alto, California. Ford's Silicon Valley Lab will serve as a local touch point for ...
Tesla to begin repaying U.S. DOE loans by end of 2012
Tesla Motors Inc. the Silicon Valley-based company that designs, manufactures and sells electric vehicles and electric vehicle powertrain components plans to start repaying its DOE loans by the end of ...
Tesla’s 4Q loss widens to $81.5mln, sees 2012 revenue tripling
Tesla Motors Inc., the Silicon Valley-based company that designs, manufactures and sells electric cars and electric vehicle powertrain components said its fourth-quarter net loss widened to $81.5 million, as electric ...
Ford Delivers 4 Millionth SYNC; 9 Million More Expected by 2015
Ford Motor Co., on Tuesday said the company has sold the 4 millionth vehicle equipped with SYNC In-Car Connectivity System. Launching globally this year, SYNC is forecasted to reach nine million ...
Tesla Opens Three New Stores in North America
Tesla Motors on Thursday announced that will open three new stores in in the U.S. this month. The boutiques will be located in Bellevue, Wash.; Chicago and Newport Beach, California. As expected, ...
Tesla Motors request more money from the Feds
With federal aid for green-tech start-ups under assault in Washington, Tesla Motors took to the webs last week touting how its $465 million federal loan had helped create hundreds of ...
Tesla will end roadster production this December
Silicon Valley electric car pioneer Tesla plans to stop production of its first electric car, the Roadster, in December 2011,according to a filing. The Model X is said to “incorporate the ...

latest automotive news
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