I feel like there’s something missing from this video. Oh yes, the thumping music and roaring engines that usually accompany these road-type videos — on Top Gear, anyway. Isn’t it a little creepy how quiet it is?
If you’re looking for more Model S love, we got a bunch of shots of a nice red one at CES. I actually like the silver color better, though. → Read More
CODA Holdings (or CODA Automotive) the Santa Monica, Calif. company that plans to sell all-electric sedans in the U.S. this year, raised another $76 million according to a company statement today. The company’s total equity funding, with this round, reached about $200 million. CODA’s new backers include Harbinger Capital Partners and Riverstone Holdings, who were joined by earlier investors AERIS… → Read More
Tesla Roadster owners get all the cool toys, don’t they? Not only do they hoon around in one of the hottest EVs ever made, but it seems the company is shipping special RC Tesla Roadsters to owners for the holidays. Bah! Humbug! Click through for one owner’s demo reel. → Read More
While Tesla is still working on making itself profitable, it has to do what it can to pay the bills. I mean sure, they’ve got investments from big auto and power companies, but that money disappears pretty quick when you’re losing $50m per year just to stay in business. But the fact is they’re here to stay, and they’ve got a good product. Toyota knows that, which is why they’ve gotten into bed… → Read More
In retrospect, Tesla may have been cleantech’s Netscape moment. It didn’t get off to the world’s greatest start, but like a few other venture-backed IPOs, lately it has been trading at nearly double its opening price.
Meanwhile, a few other cleantech companies have filed S-1s and several more are waiting in the wings, watching to see what the market does. To continue the Netscape analogy, 2011… → Read More
The Toyota RAV4 EV just debuted at the LA Auto show. It’s not much of a surprise, really. It’s been known for a while that Toyota and Tesla were working together on the CUV EV. Tesla was tasked with the developing the power train, battery, electronics, electric motor, gearbox and software — pretty much the heart of the vehicle. The first crop are already on the road and seeing a 100 mile range… → Read More
Wrightspeed, a maker of fuel efficient, electric drive systems, has raised a $5 million Series A round from an unnamed private investor. According to the company’s press release, co-founder and EVP of Infinera, David Welch, will also join the company’s board.
The company’s founder and CEO is Ian Wright, one of the co-founders of Tesla. Although Wright was an important figure in Tesla’s early… → Read More
Consumer electronics maker Panasonic is cozying up to Tesla with a $30 million investment, in exchange for a 2% stake.
Although Panasonic and Tesla have worked together in the past, under the new partnership, the duo will closely collaborate on the development and marketing of new Tesla battery packs that feature Panasonic lithium-ion cells.
“Panasonic offers the highest energy-density cells… → Read More
Given all the apparent excitement surrounding electric vehicles and the billions invested by automakers, financial firms and government incentives, you would assume there was a groundswell of consumer support for hybrid and battery electric cars underlying this momentum.
Unfortunately, according to a J.D. Power and Associates report released this morning, we may be on the electric car bandwagon… → Read More
Let’s talk about weird. There is a good weird, and there is certainly bad weird. Which category any particular “weird” falls into it highly subjective. On most accords this watch is weird. I mean look at it? It is unlike almost everything else out there. A one of a kind creation by Yvan Arpa’s Artya brand, this watch belongs to the “Coup de foudre” collection which is an ongoing series of watches… → Read More
Tesla has released the details of their 2010 Q2 financial performance, and it looks like things are coming up roses for the nascent auto maker. Sales are up, with nearly $27m in sales coming in — translating to a total of around 250 Roadsters shipped. Their gross margins are up, though; their business is growing, and hopefully cash on hand will suffice to pay for R&D and manufacturing… → Read More
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 of… → Read More
Elon Musk certainly hasn’t been on the down-low lately. Well, with the Tesla’s IPO and then Toyota huge investment and manufacturing deals. Then there’s the lawsuits and his devoice. So yeah, it’s no wonder that Jon Favreau modeled his Tony Stark character after Elon — or so says Wikipedia.
But last night he had a friendly fireside chat with Stephen Colbert, where it was really nothing more than… → Read More
The electric sports car scene is heating up with Porsche‘s confirmation of a new all-electric sports car based on its Boxster. The company is conducting daily tests of three research cars to study battery systems and electric drive components.
Porsche President and CEO Michael Macht said in a statement that Porsche will “definitely be offering electric sports cars in the future,” but that the… → Read More
The electric sports car scene is heating up with Porsche‘s confirmation of a new all-electric sports car based on its Boxster. The company is conducting daily tests of three research cars to study battery systems and electric drive components.
Porsche President and CEO Michael Macht said in a statement that Porsche will “definitely be offering electric sports cars in the future,” but that the… → Read More
The all-electric RAV4 is set to make a comeback. But this time around Tesla Motors is going to provide the electric powerplant, rather than Toyota themselves. In fact, Tesla might even be doing the bulk of the assembling if this CNN Money report is correct.
Toyota announced that the Japanese auto maker planned to invest $50 million into Tesla after a successful initial public offering. That took… → Read More
After a better-than-expected pop on the first day of its IPO, Tesla’s stock (under the ticker symbol TSLA) started to slide a few days after. It is now hanging 7 percent below its initial pricing of $17, closing at $15.80 per share today.
Only a week on the market, Tesla’s stock has fluctuated greatly, trading at a high of $30.42 and dropping to a low of $14.98. While some hoped Tesla would… → Read More
Tesla unveiled its newest electric sports car today, the Roadster 2.5, just two days after its IPO. The Roadster 2.0 was released only a year ago, and existing customers will be able to buy upgrades to 2.5 features where feasible.
Pricing starts at $101,500 after a federal tax credit of $7,500.
The company says most of the updates are based on customer feedback. → Read More
With the Dow down more than 250 points, today is not the best day for an IPO. But Tesla shares are rallying after an initial scare. Tesla Motors rang the Nasdaq opening bell earlier this morning to commemorate its initial public offering under the ticker symbol TSLA The shares opened at $19, a 12% jump from its $17 pricing yesterday. But then they immediately dropped, dipping below $17.70… → Read More
Electric car manufacturer Tesla is pricing its IPO at $17 per share, according to a release issued this evening. We just wrote today that one day before its scheduled IPO, Tesla Motors increased 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. → Read More
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. Other… → Read More
Toyota and Tesla announced a new partnership at Tesla’s headquarters in Palo Alto today, the auto makers will collaborate on technology, the development of new electric vehicles and Toyota will purchase $50 million of Tesla’s common stock. The press conference featured the Governor of California, Arnold Schwarzenegger, Tesla CEO, Elon Musk and TMC President, Akio Toyoda.
Calling it an “explosion”… → Read More
Toyota and Tesla announced a new partnership at Tesla’s headquarters in Palo Alto today, the auto makers will collaborate on technology, the development of new electric vehicles and Toyota will purchase $50 million of Tesla’s common stock. The press conference featured the Governor of California, Arnold Schwarzenegger, Tesla CEO, Elon Musk and TMC President, Akio Toyoda.
Calling it an “explosion”… → Read More
Tesla is quickly turning into a legitimate automaker with a full line of vehicles. It already has the sports car and soon a sedan, but now we’re hearing that there are more autos coming include a CUV (crossover utility vehicle) in the pipeline for 2013. First, however, the company needs to get the Model S out the door before it moves onto the crossover. → Read More
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 of… → Read More
Electric car company Tesla Motors has filed for a $100 million IPO. There were rumors recently floating around that the company, which is led by PayPal co-founder Elon Musk, would go public “soon.” One interesting tidbit from the filing: Musk only takes $1 in yearly salary. → Read More
Electric car company Tesla Motors has filed for a $100 million IPO. There were rumors recently floating around that the company, which is led by PayPal co-founder Elon Musk, would go public “soon.” One interesting tidbit from the filing: Musk only takes $1 in yearly salary.
Another interesting factoid: In the filing, Tesla states that it has seen net losses in each quarter since inception. The… → Read More
I can see it now. Instead of putzing around in electric golf carts, retirees will soon be cruising in Tesla Roadsters. The car is essentially a gigantic and dramatically more powerful golf cart anyway. It’s not like they need to worry about the 244 mile range. The bingo hall and golf course is probably right around the corner from their retirement compound anyway. → Read More
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 development of its all-electric Model… → Read More
For the last 20 years I’ve been playing racing games here and there, and when they started becoming realistic (i.e. the cars weren’t square and the engine noises weren’t square waves), the enormity of the sound challenge never really struck me. Engine, road, and tire noise, plus accurate doppler effects, different crunches and thunks for impacts… the list goes on. As if that wasn’t enough, you… → Read More
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