Just days after unveiling its Model X electric SUV, Tesla Motors boasts that it has already taken orders for $40 million worth of the plug-in crossover.
Shares of electric car maker Tesla Motors fell nearly 20% Friday after the company announced the departure of a top executive. Ricardo Reyes, Tesla's vice president of communications, said in a statement Friday that Peter Rawlinson, Tesla's vice president and chief engineer, "has decided to step away to tend to personal matters in the UK." Nick Sampson, who supervised vehicle and chassis engineering, also left the firm earlier this month, Reyes added. Tesla's Model S, billed as "the first premium sedan to be built from the ground up as an electric vehicle," is scheduled to hit the market in the middle of this year. Sampson "had fully transitioned off the Model S at the time of his departure," Reyes said. Tesla shares were flat for most of the day Friday before plunging in the afternoon following the news. The company went public in June 2010, pricing shares at $17 each and raising $266 million. It closed Friday at $22.79 after opening at $28.40, though it began to make up
This Saturday, Tesla Motors is holding a test drive to reveal the latest versions of its second zero-emission automobile, the all-electric four-door Model S to several thousand reservation holders. Tesla has made some extraordinary claims for the car, and analysts and investors will be watching the event closely to see if it can live up to them.
Shares of Tesla Motor jumped nearly 5% on Wednesday after the company disclosed a $100 million deal with Toyota to provide parts for an electric version of the Rav4.
The road is coming to an end for the Tesla Roadster.
The mystery shrouding Google's development of the driverless car slipped a bit earlier this month. Google, it was reported, is quietly lobbying the state of Nevada for legislation that would make it the first state where cars could be legally operated on public roads without someone's hand on the steering wheel
From luxury cars to solar powered taxis, "green" vehicles are charging ahead in the auto market. CNN's Ayeesha Durgahee reports.
Tesla Motors, best known for the plug-in electric Tesla Roadster, plans to begin delivering its new Model S sedan around the middle of next year, the automaker announced Monday.
U.S. stocks were poised to inch higher at the opening bell Tuesday, as investors awaited a pair of economic reports on consumer confidence and the housing market.
We've all had to get rid of spent lithium-ion batteries from laptops and cell phones so it's natural to worry about the ones in electric cars.
Tesla Motors will produce electric Rav4 crossover SUVs for Toyota Motor Co. beginning in 2012, the two companies announced Friday.
Electric carmaker Tesla Motors will deliver two prototypes to Toyota Motor Co. by the end of the month, a Tesla executive said Saturday.
Shares of Tesla Motors sank below their initial public offering price Tuesday and continued to remain depressed Wednesday.
While the rest of Wall Street was slumping this week, one small corner of the market was behaving like it was 1999 all over again.
Investors snapped up shares of Tesla Motors public debut on Tuesday, which raised $266 million for the glitzy but not yet profitable electric car maker.
In a construction van winding through Los Angeles' crowded streets one hot spring morning, 25-year old Tim Morris laid bare his contribution to changing America's dirty, fossil fuel-based economy.
Toyota Motors will invest $50 million in electric car maker Tesla, the companies announced Thursday, and form a partnership aimed at developing new technology.
All three people on board a twin-engine plane died Wednesday when their aircraft crashed into a residential East Palo Alto, California, neighborhood, a spokesman with the Federal Aviation Administration said.
A small, twin-engine Cessna crashed into a neighborhood in East Palo Alto, California
Tesla Motors turned profitable for the first time in July, when the electric car manufacturer shipped a record 109 vehicles, the company said Friday.
Daimler AG and Tesla Motors announced Tuesday that they will partner to manufacture electric cars.
While automakers lay off staff and shut down plants in response to the economic downturn, one automaker announced Thursday that it will open a manufacturing plant in the United States, potentially creating hundreds of jobs in the area eventually chosen.
The Wrightspeed X1, a sports car whose three-second acceleration from 0 to 60 makes it one of the fastest autos in the world, is also super clean: It's powered by an electric motor and gets about 170 mpg. Ian Wright, the Burlingame, Calif., entrepreneur who created the X1 several years ago, had planned on ramping up production on a line of similar electric cars in 2009. But over the summer, he changed his mind.
On his reality show "The Apprentice," Donald Trump plays to the cameras when he tells contestants they're fired. But in the real world, there's no easy way to tell employees they're losing their jobs.
Even for the greenest of homeowners, powering their homes with solar energy has long been an idea more attractive in theory than in practice.
Below is Martin Eberhard's response to "Tesla's wild ride"
One overlooked piece of news coming out of the North American International Auto Show in Detroit is that small business is starting to invade the Big Three's territory.
Steve Fambro didn't get into the car business to save the world. He did it to go faster on freeways.
Imagine a superclean driving machine capable of beating a Lamborghini Murcielago, a Porsche Carrera GT, even a Winston Cup car - and which gets the equivalent of 170 mpg. I have seen that future and, even better, I am the only automotive journalist who has driven it.
If all goes according to plan, by 2009 you could be sticking it to Big Oil by driving an all electric, Chinese-made sedan for little more than the cost of a Camry.
Tesla Motors' all-electric Roadster sports car will start rolling out to nearly 600 buyers lined up for the $100,000 vehicle by October or November, after a slight delay, the company's chief said on Tuesday.
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