6th September 2013
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Electric Car Telsa: Looking for Money from Public with IPO

Reuters news service is reporting that Tesla Motors, the Silicon Valley electric sports car manufacturer, will be offering stock to the public. It is said that the offerings will occur “any day.” The company was started six years ago with the help of investors that included Google founders Sergey Brin and Larry Page. By Automotive Staff
5th September 2013
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2013 Motor Trend Car of the Year: Tesla Model S [w/video]

Eleven cars enter, one car leaves. Silently and with zero emissions. Tesla has earned one of the most coveted prizes in the automotive world, as its Model S has taken home the Golden Calipers as the 2013 Motor Trend Car of the Year. In the process, the Model S beat out a field that included 10 other contenders. In case you were wondering, this is the first time an electric car has earned this accolade. No internal ...
3rd September 2013
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Tesla Sends Roadster On 1800-mile Down Under Trek On “Oz Goes Electric” Tour

In an effort to improve consumer awareness of electric vehicles’ capability and range, Tesla Motors is kicking off its Oz Goes Electric Tour to bring the Tesla Roadster to electric vehicle enthusiasts along Australia’s eastern coast. The Roadster will travel a total distance of 3000 kilometers (1864 miles). The tour launched March 16 at the Sofitel Hotel in Melbourne. Officials from the Victorian provincial government and Department of Transportation were present at the event, with the ...
30th August 2013
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Henrik Fisker: too many pure electric car models; Karma production re-starting “soon”

Is Fisker Automotive on the ropes? Listening to cofounder and executive chairman Henrik Fisker speak at the Economic Club of Chicago luncheon at the Chicago Auto Show this week, you certainly wouldn't think so. In an overwhelmingly optimistic speech, Fisker described his company's ethos and plan to sell green cars around the world. He wasn't all sunshine and rainbows, though, as he talked about his company to the assembled ECC members and media. Fisker said that ...
28th August 2013
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Tesla Owners Take Solidarity Road Trip

By Lauren Goode Getty Images Tesla Model S A group of Tesla Model S owners, charged up over a recent New York Times column that challenged the reliability of the electric vehicle, hit the road this weekend to replicate the same drive the Times reporter made. The group, which started out with nine cars, drove the 353 miles from Rockville, Md. to Groton, Conn., live-tweeting telemetry updates and color commentary throughout the trip. But not all of the starting nine ...
21st August 2013
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Tesla Taking a New Approach to Automotive Sales

We always see new little wrinkles in automotive dealerships to try and make the car-buying experience seem less stressful and forced. Two key examples are the “No-Haggle” promise offered by now-defunct Saturn and the “Sign-and-Drive” ...
19th August 2013
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Tesla Raises $226 Million Through IPO

Tesla has become the first American car company to go public in 54 years, and has raised some $226 million in the process. The electric vehicle producer is the first automaker since Ford in 1956 to have an initial public offering (IPO). Initially, Tesla planned on offering 11.1 million shares at $14-$16 each, but later increased that figure to 13.3 million. According to Bloomberg data and a filing with the U.S. Securities and Exchange Commission, ...
16th August 2013
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Tesla takes 500 Model X reservations worth $40M, Model S sales also spike

If the prevailing opinion of a new design can be judged by initial sales, then the jury is in on the Tesla Model X. They like it. They really, really like it. From the time the electric crossover was driven out on stage at Tesla Design Studios late Thursday night/early Friday morning until Valentine's Day four days later, the company says it has received over $40 million worth of reservation love. What that means is that ...
15th August 2013
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Tesla raises $1 billion as stock climbs; predictions have it at $200 (or $37) *UPDATE

Despite the company's recent string of successes, there's still a lot of skepticism about Tesla out there. Some of the negativity focuses on the lack of recharging infrastructure, some on the company's expensive cars and how it'll be difficult to make a mass-market car. And when it comes to the company's stock price – TSLA is currently at around $90 – the predictions are all over the map. Some say it's still worth shorting (that ...
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