30th June 2013

Electric-Car Maker Tesla Repays U.S. Loan

By Joseph B. White Getty Images Elon Musk Luxury electric-car maker Tesla Motors Inc. said on Wednesday it has fully repaid a $452 million federal loan it received in 2010, and said it would be able to finance development of its next two vehicles without selling new shares. Tesla promised earlier this month that it would use some of the proceeds from a $1 billion sale of stock and debt to repay a loan it received during the depths ...
30th June 2013

Dan Neil eats crow, donates $1,000 to charity on behalf of Tesla CEO Elon Musk

Dan Neil, he of the Pulitzer Prize for Criticism fame, has made a decent living peddling his automotive snark, and for good reason, as Neil is unquestionably one of the best and funniest at what we do. Tesla CEO Elon Musk – also an outspoken salesman of some merit – differs from Neil in one primary respect, which is that Musk is worth some $2 billion and thus doesn't have to drive someone else's cars ...
30th June 2013

Weekend Roundup: Automobile, Design, Man, Technology, Racing Car Of The Year – Rumor Central

Been away from your computer this week and missed all the automotive news? We’ve gathered a few of the top stories of the past week for your convenience. 2013 Automobile of the Year: Tesla Model S This week we announced five awards, starting with Automobile of the Year. We picked the Tesla Model S not just because it’s an electric car, and not simply because it’s a luxurious car, but for the way it demonstrates how a ...
30th June 2013

Formula E Racing Goes Hunting for Respect, and a Market

Formula E Holdings Formulec EF01 prototype, which is scheduled to be raced in demonstrations in 2013. For years, efforts to bring a Formula One race to the streets of an American city have failed in part over residents’ objections to noisy gas guzzlers whizzing past their homes. Alejandro Agag thinks he has a solution: Race electric cars instead. Mr. Agag, the chief executive of Formula E Holdings, is trying to build a global racing circuit using battery-powered ...
30th June 2013

Toyota shows off RAV4 EV’s eco tricks with new videos

If a picture paints a thousand words, Toyota's hoping that a couple videos do a little better than that for its RAV4 Electric Vehicle. The Japanese automaker recently released a couple of videos touting the EV and its evolution through the company's partnership with Tesla Motors. The first five-plus-minute video features engineers discussing the benefits of collaborating with Tesla, including software advancements and battery technology that complemented Toyota's engine-packaging expertise. The other video, clocking in at almost ...
30th June 2013

In Las Vegas, a Battery-Powered Jackpot

The Cosmopolitan of Las VegasMs. Cobb, with the Tesla Roadster Sport she won playing the slots in Las Vegas. MaryEllen Cobb of West Nyack, N.Y., had been in Las Vegas for less than 24 hours, celebrating her daughter’s 25th birthday, when she pulled the handle on a penny slot machine in the Cosmopolitan hotel and casino. The dials aligned on uncommonly clean pay dirt. Sitting atop that particular bank of slots was the purely electric Tesla Roadster ...
30th June 2013

Rest in Pieces – Cars that Bit the Dust in 2011

As 2011 comes to a close, we take a break from our New Year’s celebrations to pour a little Colt .45 (or Champagne, your call) out for our dead homies. As good of a year as 2011 was with vehicles like the Land Rover Range Rover Evoque, Chrysler 300 SRT8, and Ferrari FF making their debut, a lot of great cars like the Ford Crown Victoria and Ranger (and a few others we could probably ...
29th June 2013

The Tesla "Supercharger" Debuts Giving Model S Owners Free Charging

In the world of electric vehicles, Tesla is busy placing the finishing touches on the Sistine Chapel while the rest of the automotive world is still fumbling around with paint-by-numbers kits. Tesla managed to pull ...
29th June 2013

Tesla: Earnings still down, but rate of Model S production way up

According to its Third Quarter 2012 Shareholder Letter, Tesla 'is now at over 200 cars per week or 10,000 cars per year, which is at the critical threshold needed for Tesla to generate positive operating cash flow.' That's an important milestone to be sure, but the news is actually even better; Tesla expects to ramp Model S production up to 400 cars per week (20,000 units/year) by December of 2012, and says it will deliver 2,500 ...
29th June 2013

Tesla to earn $250 million from sales of California environmental credits

Tesla Motors is expected to release quarterly earnings figures within the next few days, and the Silicon Valley automaker is thought to have attained profitability for the first time ever. As it turns out, a good bit of that profit will reportedly come from the State of California. According to an article from the LA Times, Tesla, which is reportedly on pace to sell 20,000 vehicles in 2013, receives as much as $35,000 in environmental credits ...
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