Tesla

  • Tesla Puts Another $82.5 Million In The Tank

    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

    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!

    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 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

    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

    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

    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

    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 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

    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?

    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

    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

  • Tesla's Elon Musk Calls NY Times Writer Stross "A Huge Douchebag…And An Idiot"

    Undoubtedly Tesla isn’t going to be happy about this video getting attention, but I think it’s awesome to see CEO Elon Musk take a stand against the company’s many detractors. Last November New York Times writer Randall Stross trashed Tesla as a rich man’s car that the government should shun. “Only the Rich Can Afford It. Should Taxpayers Back It?” he… 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

  • Leena And Mike Take The Tesla Model S For A Test Drive

    Leena And Mike Take The Tesla Model S For A Test Drive

    Michael and TechCrunch writer Leena Rao are currently at Tesla’s showroom in Menlo Park, CA for a special event showcasing Tesla’s new Model S sedan, which was unveiled last month. They’re streaming live using Qik. They took a brief test drive – the first, the company says, with any press. Because the Model S is not currently street legal (something about no front air… Read More

  • 520 Tesla S Sedans Reserved In One Week: Company Gets $2.6 Million In Fees

    520 Tesla S Sedans Reserved In One Week: Company Gets $2.6 Million In Fees

    Tesla says that 520 S Model all electric sedans have been reserved by customers in first week since it was announced. Each customer must pay a $5,000 reservation fee, which is refundable if they choose not to buy the car. The base price for the Model S, which will be available starting in 2010, is $49,900 after a federal tax credit of $7,500. A limited editon of the Model S is available for… Read More

  • Live Unveiling Of The Tesla Model S Sedan

    Live Unveiling Of The Tesla Model S Sedan

    Innovative electric-car startup Tesla is unveiling the latest addition to its lineup this afternoon in Southern California. The sedan is meant to serve as a more affordable entry to the Tesla lineup that will appeal to the mainstream, with a ticket price of around $50,000 (as opposed to well over $100,000 for the Tesla Roadster). Current estimates for release of the car are late in… Read More