28th August 2013

Tesla CEO Elon Musk makes just $33,280 a year; has option to buy 5.27 million shares

Depending on when Tesla Motors CEO Elon Musk is speaking, he's either pointing out that his electric vehicle company has a rough road ahead or that everything will be fine. Both lines can be kind of true, which is one reason that Tesla is such a fascinating company. It's also potentially a very profitable endeavor for Musk, depending. Business Week is reporting that Musk's compensation package, designed 'to keep him at the company,' included an option ...
28th August 2013

Why Tesla will need more loans to make it through 2013

It's fun to bet against Elon Musk and Tesla – that's the best reason we can find for so many people doing it even though the man, his company and his cars are still here and still very popular. The latest name inscribed in the column labeled 'Skeptical of Tesla' is John Shinal at Market Watch who, in year-end commentary on Tesla's financials, says that the 'carmaker's financials are reminiscent of a dot-com's.' He does ...
28th August 2013

Wheelies: The Exit Velocity Edition

Jean-Francois Monier/Agence France-Presse — Getty ImagesThe driver Stephane Sarrazin in a Peugeot 908 during qualifying sessions for the 24 Hours of Le Mans endurance race last June. The factory team announced its withdrawal from the 2012 race calendar this week. In which we bring you motoring news from around the Web: • Peugeot, which has competed with Audi for dominance of the Le Mans series in recent years, has announced its withdrawal from the 2012 race calendar. ...
25th August 2013

Analyst says Tesla is low on cash, dangerously so

Unless Tesla Motors can secure outside funding, the company will be in dire financial straits during 2013, says MarketWatch tech investor John Shinal. In fact, if Tesla hadn't received hundreds of millions of dollars from the federal government in 2012, its financials would already be gasping for air, he said. Tesla is a candidate for stock market collapse this year, unless it can secure additional cash, Shinal said. Despite its sketchy numbers, Tesla has managed to ...
25th August 2013

Tesla Model S production reaches 400 cars a week capacity

Civil War Admiral David Farragut has famously been credited with saying, 'Damn the torpedoes, full speed ahead!' when he was presented with a challenging path ahead during the Battle of Mobile Bay. Specifically, the path was full of torpedoes. The Admiral has some 'move forward!' ideological company in one Elon Musk. While the torpedoes are only figurative at Tesla's Fremont plant, Musk has pushed Tesla Motors to double its weekly output of the Model S all-electric ...
24th August 2013

NY Times, Tesla Continue War of Words Over Electric-Car Review

By Jonathan Welsh Getty Images Tesla Model S Electric-car maker Tesla Motors, which is involved in a dispute with the New York Times over a review the newspaper ran of its Model S electric-powered sedan, released a long statement about the matter on its blog. The message includes several charts displaying data Tesla said it logged during the test-drive. The car company said its information indicates several parts of the article are inaccurate. The Times said stands by a statement it made ...
23rd August 2013

Tesla’s Elon Musk calls Fisker Karma ‘a mediocre product at a high price’

It is official: the gloves are off in the war of words between Tesla Motors CEO Elon Musk and Fisker Automotive chief Henrik Fisker. Most of the verbal barbs came from Musk, who sat down to gossip with Automobile Magazine about archrival Fisker. The bad blood goes back a few years to when Tesla unsuccessfully sued Henrik Fisker for developing the Karma while under contract for the design of the Model S – basically paying someone ...
19th August 2013

Tesla readying fleet of 80 Model S EVs to use as service loaners

Fear not, Tesla drivers. When you take your Model S into the shop and need a loaner car, you'll get... another Model S. Tesla chief Elon Musk tells USA Today that the all-electric vehicle maker will set aside about 80 Model S vehicles specifically for customers who need to take their cars in for some work. And wait, there's more. Not only will Tesla make sure the loaners are the top-of-the-line, 265-mile single-charge range variety, but ...
19th August 2013

Elon Musk: Actually, building Tesla Model S will be rocket science

Remember the scene in Revenge of the Electric Car, where Tesla CEO Elon Musk is standing in a flock of Roadsters and pointing out the defects he is noticing? That's pretty much exactly what happens today, still, but the car in question is now the Model S and Musk is trying to get every employee, new or veteran, to see things the way he sees them: flawed. As we learned recently, the busy Musk (who splits ...
18th August 2013

Tesla Model S was fourth-best selling plug-in in US last quarter

Riding the wave of pent-up demand and a production ramp-up, the Tesla Model S was the fourth best-selling US plug-in vehicle during the fourth quarter of 2012 and was the second-most popular US-made plug-in vehicle. Not bad for a vehicle that costs about twice as much as almost all of its current competitors. Unlike other automakers, Tesla doesn't release monthly sales figures. Instead, we learn about sales through quarterly conference calls with investors. In the most ...