Tesla Motors

  • Tesla Launches Chinese Site As It Prepares To Sell Its Electric Cars In China

    Tesla Launches Chinese Site As It Prepares To Sell Its Electric Cars In China

    Tesla Motors has launched its Chinese site, Tousule.cn, as it prepares to sell its electric cars, the Model S and Model X, in China (h/t TechNode). The site is currently taking pre-orders with with a reservation fee of RMB 250,000, or about USD $41,000 USD. The company has set a February 2014 roll-out date for both vehicles in China. Read More

  • Tesla Model S Earns Highest Safety Rating Ever From US Agency

    Tesla Model S Earns Highest Safety Rating Ever From US Agency

    The Tesla Model S earned a 5-star safety rating, both overall and in each individual category, from the National Highway Traffic Safety Administration (NHTSA). The company claims that the Model S achieved a new combined record of 5.4 stars. The best part of the company’s release was this badass factoid: “While the exact number is uncertain due to Model S breaking the testing… Read More

  • The Tesla Model S’ Battery Is Now Covered By A Nearly Unconditional Warranty

    The Tesla Model S’ Battery Is Now Covered By A Nearly Unconditional Warranty

    Without proper care batteries can wither and die like a delicate tulip roasting in the bright sun from an unseasonably warm spring day — a fact made exponentially worse when the battery in your $60k vehicle no longer functions properly. With that in mind, Tesla just unveiled an impressive new warranty for the Model S battery pack. With the notable exception of a vehicle accident or… Read More

  • Payback (And IPO) Time For GM As Chevy Volt Wins Industry Accolades

    Payback (And IPO) Time For GM As Chevy Volt Wins Industry Accolades

    The 102-year-old car company General Motors (GM) is set to go public on Thursday after a government-forced bankruptcy and bailout in November 2008. The bailout cost taxpayers about $50 billion. Analysts estimate the stock price would need to hit $53 dollars before the government can recoup its investment. GM plans to sell about half-a-billion shares for $33 each in its IPO. The company stands… Read More

  • Sustainable Brand Setbacks: Tesla Roadsters Recalled, SunChips Packaging Shelved

    Sustainable Brand Setbacks: Tesla Roadsters Recalled, SunChips Packaging Shelved

    Advocates for environmentally sustainable business are having a rough week. Two products beloved by the movement, the Tesla Motors Roadster, an all-electric vehicle, and PepsiCo Frito-Lay’s SunChips, the snacks sold in biodegradable bags, are suffering setbacks. Tesla voluntarily recalled Roadster models 2.0 and 2.5 due to a fire risk… and PepsiCo Frito-Lay announced it would… Read More

  • Cleantech Investment On The Rise Again In The US – $1.5 Billion In Q2 2010

    Cleantech Investment On The Rise Again In The US – $1.5 Billion In Q2 2010

    According to an Ernst & Young analysis based on data from Dow Jones VentureSource, venture capital investment in US-based cleantech companies hit $1.5 billion for the second quarter, in 68 financing rounds. That translates to an increase of 63.8 percent in capital and a 4.6 percent increase in deals compared to the same period last year. The $1.5 billion mark also means the highest level… Read More

  • SolarCity Wins $21.5 Million Funding Round from Mayfield

    SolarCity Wins $21.5 Million Funding Round from Mayfield

    SolarCity today announced that it is taking a $21.5 million round of funding led by Mayfield Fund, and the company’s previous investors Draper Fisher Jurvetson, DBL Investors and Generation Capital. The company’s prior funding totaled approximately $134 million, and included investors First Solar, JP Morgan and Elon Musk. SolarCity helps businesses, home owners and government… Read More

  • Elon Musk: "Why Owen Thomas Is Silicon Valley's Jayson Blair"

    Elon Musk: "Why Owen Thomas Is Silicon Valley's Jayson Blair"

    Tesla Motors Founder and CEO Elon Musk isn’t a man that backs down when facing the press. When the New York Times wrote an error-filled article, Musk lashed out at the author, saying “What is he doing picking on an electric car company? Why would he pick on the little guy who is trying to do good when you’ve got egregious waste of money in the tens of billions occurring… Read More

  • Tesla CEO Elon Musk To Sell Nearly One Million Personal Shares At IPO

    Tesla CEO Elon Musk To Sell Nearly One Million Personal Shares At IPO

    One day before its scheduled IPO, Tesla Motors is increasing the allotment of shares that will be sold to the public from 11.1 million to 13.3 million, according to an amendment to its S1 filing. The additional shares are being sold by existing shareholders looking to cash out at the IPO, including Tesla founder and CEO Elon Musk who is selling an additional 909,212 of his personal shares. … Read More

  • Plane Crash Kills Three Tesla Employees, Takes Out Power In Palo Alto

    Plane Crash Kills Three Tesla Employees, Takes Out Power In Palo Alto

    A small Cessna twin-engine plane crashed in East Palo Alto today, killing three Tesla Motors employees and taking out power in parts of the city. The plane took off from Palo Alto airport and reportedly hit some electrical lines. The names of those who were on board have not been released. The plane was registered to Doug Bourn, a senior engineer at Tesla. It is not clear if he was the… Read More

  • Facebook, Tesla And Solyndra Dominate SecondMarket Transactions In January

    Facebook, Tesla And Solyndra Dominate SecondMarket Transactions In January

    Last month SecondMarket published data on private company stock sales that they helped complete in 2009. They’ve now released last month’s data as well. A total of a little more than $13 million in sales occurred, with the average transaction size of around $2 million. There continues to be very strong demand for consumer products and services startups (which includes companies… Read More

  • Tesla Motors' Next VP of Manufacturing Is A Toyota (Veteran)

    Tesla Motors' Next VP of Manufacturing Is A Toyota (Veteran)

    Right off the heels of filing for a $100 million IPO, electric car company Tesla Motors this morning announced that it has hired former Toyota production engineering GM Gilbert Passin to lead the company’s vehicle manufacturing operations as Vice President of Manufacturing. Passin has 23 years of international automotive experience under his belt, most recently serving as general manager… Read More

  • Exclusive: SecondMarket Data On Private Company Stock Sales

    Exclusive: SecondMarket Data On Private Company Stock Sales

    SecondMarket opened up its private company stock marketplace in early 2009 and gave employees at hot startups something they never had before – an organized place to sell their stock even before the company went public or was acquired. For the first time the company is releasing information on private company buy/sell demand and completed transactions. Most companies don’t… Read More

  • The Top Ten IPO Candidates For 2010

    The Top Ten IPO Candidates For 2010

    It’s been a long drought for IPOs, but venture capitalists and tech entrepreneurs are hopeful that 2010 will be the year they rain down on the Valley once gain. Earlier this year, a handful of IPOs trickled out, such as OpenTable, Rackspace, and A123Systems. But what people are really waiting for is another Netscape moment—an iconic IPO which will whet investor’s appetites… Read More

  • Tesla Motors preparing to go public "soon"

    Tesla Motors preparing to go public "soon"

    Tesla Motors is planning an IPO soon according to a Reuter’s report. However at this point it’s still not clear when that will be although the company had previously stated it won’t happen in 2009. In fact, this rumor has been around for sometime, but in case you didn’t notice, the stock market wasn’t doing that well until recently. Tesla has been ramping up… Read More

  • Lawsuit Against Tesla Dropped

    Lawsuit Against Tesla Dropped

    Remember that whole sour grapes law suit filed against Tesla Motors and Elon Musk by co-founder and former CEO Martin Eberhard? According to Eberhard’s lawyer, he has dropped the suit but doesn’t give any clarification as to why Eberhard dismissed the legal action, according to the San Jose Business Journal. We reported earlier this summer that Eberhard filed a lawsuit against… Read More

  • Tesla Says It Is Now Profitable, Ships 109 Roadsters In July

    Tesla Says It Is Now Profitable, Ships 109 Roadsters In July

    Silicon Valley’s electric car company, Tesla Motors, says that it hit profitability in July. The private company reports that it made “approximately $1 million of earnings” on revenues of $20 million, and that it shipped 109 Roadsters, its $109,000 all-electric sports car. The revenues reflect GAAP accounting standards and are only for the month of July. Founder and CEO… Read More

  • Tesla To Open Three European Showrooms

    Tesla, which has now delivered 500 Roadsters, will be opening several new sales showrooms this summer, the company says. Currently the company has showrooms only in California. Three of the new showrooms will be in Europe – London, Monaco and Munich. New York, Seattle, Chicago and Miami are also on the list. The company says that the first Roadsters will be delivered to European buyers… Read More

  • Daimler Takes A 10 Percent Stake in Tesla Motors.  Where's My Electric Benz?

    Daimler Takes A 10 Percent Stake in Tesla Motors. Where's My Electric Benz?

    Silicon Valley electric car manufacturer Tesla Motors got another shot in the arm today from German auto giant Daimler, which took a 10 percent stake in the company and expanded its partnership with Tesla to equip future Mercedes-Benz vehicles with electric lithium-ion batteries. Mercedes has been testing Tesla’s batteries in a fleet of 100 smart cars, and is already moving into… Read More

  • A Look At The Tesla S 17-inch Haptic Entertainment And Navigation System

    A Look At The Tesla S 17-inch Haptic Entertainment And Navigation System

    Mike and I were the first journalists to ride in the new Tesla Model S sedan yesterday and we were captivated by the massive 17-inch touch screen (so was Gizmodo) featured in the center console of the car. Both Tesla CEO Elon Musk and chief designer Franz von Holzhausen didn’t say much about the on screen system, except that it does have touch capability, it is an… Read More