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Breaking: 3 injured during a fire at Tesla Motors plant

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 pressure aluminum casting press. Three employees were injured by hot metal from that press. We are making sure that […]

Elon Musk gets stock for Model X

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 vehicle in $4.3 million worth of stock. Chief Executive Officer Musk’s earnings made up more than 20 percent of the […]

Tesla reportedly needing more loans to survive in 2013

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”. […]

Tesla Motors was cash flow positive last week, CEO says

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 positive last week. Continued improvement expected through year end,” Musk wrote in the message that got through to his more than […]

Tesla Reports Increased Loss

Tesla Reports Increased Loss

Today, November 5th, Tesla reported a bigger third-quarter loss as it increased production for the Model S sedan. The company announced that it has increased weekly production of the Model S to 100 cars by the end of the quarter and now it reached 200 cars. Tesla plans to increase […]

NADA to meet with Tesla to discuss retail store plans

NADA to meet with Tesla to discuss retail store plans

The National Automobile Dealers Association (NADA), which represents almost 16,000 new-vehicle dealers, said it’s planning to meet with electric-car maker Tesla Motors about its retail network plans. “NADA has serious concerns about Tesla’s intentions. We are seeking a meeting with Tesla executives, including its CEO Elon Musk, to discuss these […]

SpaceX Sends Rocket to Supply Space Station

SpaceX Sends Rocket to Supply Space Station

Elon Musk’s Space X launched Sunday night the Falcon 9 rocket, the first of 12 station supply missions requested in the mega-contract with NASA. The Falcon 9 rocket carries the Dragon capsule, which carries a 1,000-pound cargo, including chocolate-vanilla swirl ice cream for the three residents of the international space […]

Tesla Makes Advance Payment for the US Loan

Tesla Makes Advance Payment for the US Loan

Tesla Motors CEO Alan Musk said he will make the first advance payment of the US Energy Department loans offered to develop and manufacture the Model S sedan. In June 2009, Tesla qualified for a $465 million US loan and last week Alan Musk said the Energy Department asked for […]

Tesla Motors asked to speed up government loan repayment

Tesla Motors asked to speed up government loan repayment

The U.S. Energy Department has asked Tesla Motors to speed up the repayment of its $465 million loan granted in May 2010 for developing electric cars. The California-based company, led by billionaire Elon Musk, said today in a U.S. regulatory filing that it has until October 31 to submit a […]