Tesla

  • Tesla's $100M IPO: Losses Expected Until At Least 2012. Musk Taking $1 A Year.

    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… Read More

  • Florida gets its own Tesla dealership

    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 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

  • Loaner Tesla used by excited game designers to get sweet road noises

    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… Read More

  • Spooky Tesla Radio in a jar

    This fun little DIY device is labeled as a “crystal radio circuit in a jam-jar.” But that description doesn’t even to begin to do it justice. According to Tesla, this electronic wonder allows you to hear the disembodied, ethereal voices, of the, well, ether, I guess. Read More

  • Tesla Puts Another $82.5 Million In The Tank

    Tesla has finalized an $82.5 million series F funding round, according to a spokeswoman for the company. Tesla raised $82.5 million in funding from Daimler, Fjord Capital Partners, Aabar and other undisclosed investors. We have been informed that Tesla CEO and PayPal founder Elon Musk was not an investor in this round. This adds to the $50 million Tesla received from Daimler in May, bringing… Read More

  • 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 turned a profit! Celebrate!

    I can’t be the only one that thought Tesla was going to be a money pit. I foresaw greed, mismanagement, delays, so on and etc, but they seem to have delivered and are now on their way to full-fledged “successful business” status. A million dollars’ profit on 20 million in business is small potatoes in the car industry, of course, but the other guys in the game are… Read More

  • Mercedes details upcoming all-electric SLS AMG gullwing


    Mercedes has an electric SLS AMG in development that will probably take the title away from Tesla as the must have plug-in sports car. The new SLS AMG recalls past iconic Mercs with a sweeping body and gullwing doors. Plus, the performance and power output is on par with a current generation SLS AMG 6.3-liter V8 but this puppy doesn’t make Al Gore cry.[PSGallery=8sef10dre4b] Read More

  • Tesla shows off the new Roadster Sport

    Maybe the 0-60 mph in 3.9-second Tesla Roadster isn’t quick enough for some folks. Maybe some trust fund babies want to spend an extra $20k to improve that time to only 3.7-seconds. Well, Tesla unvealed the Roadster Sport today at the companies first NYC dealership just for them. This model will cost $128k. We already knew that this model was coming – along with the NYC… Read More

  • Ford, Nissan, Tesla all to get Energy Department loans

    The U.S. Government created a requirement that by 2020, the majority of cars sold here must get at least 35 miles per gallon. This requires a big commitment on the part of auto makers and so the Energy Department was authorized last year to lend $25 billion dollars. The first round of financing is expected to be announced today with Ford, Nissan, and Tesla getting all getting a sizable… Read More

  • The Government Comes Through For Tesla With A $465 Million Loan For Its Electric Sedan

    In an announcement today at Ford’s research center in Dearborn, Michigan, the U.S. Secretary of Energy will be giving details about the first loans to come out of the government’s $25 billion program to help auto manufacturers. Ford got a $5.9 billion loan, but Tesla Motors, Silicon Valley’s electric car manufacturer, is receiving $465 million from the program. The money… Read More

  • Tesla CEO Elon Musk Sets The Record Straight About Pending Lawsuit

    We reported a few weeks ago that Tesla co-founder Martin Eberhard filed a lawsuit against Tesla and Tesla CEO Elon Musk, citing allegations of slander, libel and breach of contract. Tesla issued a short statement when the lawsuit was filed, calling the lawsuit a “fictionalized account of Tesla’s early years.” Now Musk has taken to Tesla’s blog to give his own version of… Read More

  • Tesla Co-Founder Sues CEO Elon Musk For Slander And Breach Of Contract

    Tesla co-founder Martin Eberhard is suing CEO Elon Musk, citing allegations of slander, libel and breach of contract. Eberhard’s lawsuit, which is 22-pages long, was filed on May 26 in San Mateo County, Calif. Superior Court and seeks unspecified damages. The suit surrounds Musk’s treatment of Eberhard as well as the CEO’s handling of Tesla, alleging that Musk… Read More

  • Tesla to open seven new dealerships this summer

    Looking to take a Tesla electric car for a spin, are ya? Lucky you, as the company will be opening seven sales centers this summer — four in the US and three abroad. You’ll be able to take a test drive in New York, Seattle, Chicago, and Miami, along with London, Monaco, and Munich. Read More

  • Tesla Worth More Than Half A Billion Dollars After Daimler Investment

    Daimler got that 10% stake in Tesla that was announced today for $50 million, says a source with knowledge of the deal. They’ve actually taken 9% (they announced “nearly 10 percent” and the post money valuation is $550 million. Our source also says that Tesla’s application for $350 million in federal loans has been informally approved and will also be announced… Read More

  • Daimler takes a 10 percent stake in Tesla Motors

    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

  • 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

  • Tesla Founder Elon Musk Dreams Of Electric Airplanes

    Last week, Elon Musk had a candid conversation with VC George Zachary at the Charles River Ventures CEO Summit. One of the most interesting things Musk talked about was his desire to see electric airplanes in the future—and perhaps even one day help develop these green, energy efficient planes himself. It makes sense—Musk has an interest in aeronautics (he founded Space… Read More

  • New York Times Roars. Too Bad They Live In Oz.

    This Tesla-related story is now bordering on the absurd. In November the New York Times trashed Tesla in a much criticized article by Randall Stross (now retitled and rewritten, trying to get a copy of the original). In “Only the Rich Can Afford It. Should Taxpayers Back It?” Stross attacks Tesla for requesting government loans along with the rest of the car industry, saying… Read More