Tag: Elon Musk

After analyzing its potential for default, Standard & Poor, has designated Tesla stock as a B-, or “junk” rating. That’s the same S&P  that assigned “AAA” credit ratings to bundles of sub-prime loans that helped crater the economy in 2008, as well as downgrading America’s credit rating on the heels of a manufactured debt showdown by the Republicans. According to

Read more

The AAA announced its Automobile Club of Southern California Automotive Research Center chose the Tesla S P85 as its top-scoring green car pick this year. The Palo Alto-based automaker’s car is featured with more than 80 other green vehicles in the latest AAA Green Car Guide.  The top-scoring and best value green vehicles were revealed May 28 at the motor

Read more

Tesla Motors is now the largest auto-industry employer in California — employing more than 6000 people within the state, with a further 500 jobs expected to be added to that figure before the end of 2014. That’s an impressive feat considering how young the company is. And an even more impressive feat when you consider the fact that Toyota has

Read more

Tesla CTO JB Straubel was the keynote speaker at the annual energy storage symposium put on by Joint Venture Silicon Valley this week. He was previously the CTO of Volacom, is a Stanford grad and sits on SolarCity’s board. Long before joining Tesla, Straubel built a record-setting electric Porsche 944. “I really love batteries. I might love batteries more than

Read more

Imagine if the next new car you bought lasted the rest of your life? The Tesla Gigafactory could make that possible, selling new batteries to old Teslas. This could have an even more profound impact on the auto industry than Tesla’s direct sales model, keeping cars on the road for decades instead of years. Elon Musk sure seems to be

Read more

I have to give my congratulations to new energy car maker Tesla (Nasdaq: TSLA) for creating the kind of buzz and excitement this week that only names like Apple (Nasdaq: AAPL) and smartphone sensation Xiaomi have typically been able to muster. In the last 2 days, the company and its charismatic founder Elon Musk were all over the Chinese headlines

Read more

Tesla Motors Inc. (TSLA), a year after creating a lease-style program for its Model S electric sedan, is setting up a financing arm targeting corporate buyers of the premium battery-powered vehicle. Small and medium-sized businesses will be able to calculate the cost of leasing as they configure the car on Tesla’s website, the Palo Alto, California-based company said today in

Read more

Tesla Motors Inc. (TSLA) said it will add battery shields underneath its Model S electric-powered sedans as U.S. regulators ended a four-month investigation into fires that occurred after the cars struck road debris. The National Highway Traffic Safety Administration said “a defect trend has not been identified” and that Tesla’s fixes should be enough to reduce the fire risk. Tesla

Read more

Tesla Motors Inc. (TSLA) appealed New Jersey’s ban on direct auto sales, arguing that the decision thwarts the carmaker’s mission of providing sustainable transportation and unfairly favors entrenched franchise dealers. The action comes as Elon Musk, Tesla’s chief executive officer and co-founder, fights with car dealer groups across the U.S. to let the Palo Alto, California-based maker of electric Model

Read more

Tesla Motors Inc. (TSLA), the electric vehicle maker co-founded by Elon Musk, plans to use only raw materials sourced in North America for its proposed $5 billion U.S. battery factory. The Silicon Valley company won’t look overseas for the graphite, cobalt and other materials needed for its so-called Gigafactory, said Liz Jarvis-Shean, a spokeswoman. “It will enable us to establish

Read more