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Tesla plans $40,000 electric car; may hit the market in 2015


Tesla Motors, the maker of all-electric Model S model plans to unveil a new all-electric vehicle that could sell in the $40,000 range, LA Times reports. The new vehicle is expected to have a 200 miles driving range. At this moment Tesla sells only the Model S model – a luxury electric vehicle that starts at $71,070 before any state or ...
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Tesla’s General Manager Leaves the Company among China Expansion Plan
The general manager of Tesla Motors in China has decided to leave the company, while the electric car maker prepares to expand in the world's largest car-market. Tesla's General Manager Kingston ...
Breaking: 3 injured during a fire at Tesla Motors plant
Three workers were injured at Tesla Motors’ plant in California on Wednesday, after a low pressure aluminum casting press failed, the U.S. automaker said. “There was a failure in a low ...
Tesla may have to pay $32.6 million for the trademark to sell cars in China
China is the largest automarket in the world, and even if the economy is slowing down, new car sales are on high gear as just last month sales rose almost ...
Elon Musk gets stock for Model X
Instead of the usual bonus and paycheck at the end of the month/year, the billionaire co-founder of Tesla Motors got paid for his work on the upcoming Model X sport-utility ...
Tesla will repay U.S. Energy Department loans five years early
Tesla Motors has announced it will repay the loans to the U.S. Energy Department five years ahead of schedule in a plan approved by the government. Tesla Motors received $465 million ...
Tesla Motors CEO says NY Times’ story cost the company up to $100 million
Tesla Motors' CEO Elon Musk said the New York Times story about the Model S sedan failing to achieve its estimated driving range affected the company's stock-market value by as ...
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 ...
Tesla Under ICE Investigation for Using Foreign Parts Instead of US Made Ones
The Immigration and Customs Enforcement has been investigating Tesla Motors fir nearly a year regarding its spending of the federal loan. In 2010 the Department of Energy offered Tesla a $465 ...
Tesla Motors was cash flow positive last week, CEO says
Tesla Motors was cash flow positive last week, the EV maker's CEO Elon Musk announced yesterday in a posting on Twitter. “Am happy to report that Tesla was narrowly cash flow ...

latest automotive news
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