24th August 2013
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2013 Tesla Model S Rated For 95 MPGe, 208-Mile Range With 60-kWh Battery Pack – Rumor Central

The 2013 Tesla Model S electric luxury sedan is offered with several different battery packs, and now the Environmental Protection Agency has rated the energy efficiency of the Tesla’s middle option, a 60-kWh lithium-ion battery pack. The EPA says that Model S sedans equipped with the 60-kWh battery average 94/97 mpge (city/highway) for a combined rating of 95 mpge, and can travel 208 miles on a single battery charge. The estimates show that the 2013 Tesla ...
24th August 2013
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Tesla Loses $396.2 Million in 2012, Posts Net Loss In Q4 – Rumor Central

The 2012 loss grew some $141.8 million over the company’s 2011 losses, bringing the red ink to a total of $396.2 million. According to Automotive News, “manufacturing and supply chain inefficiencies” were behind the fourth-quarter loss of almost $90 million, which was up by $8.4 million over the same period in 2011. Indeed, the automaker says much of its red ink stems directly from ramping up production of the Model S sedan, the company’s sole product ...
22nd August 2013
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Report: Tesla CEO Elon Musk Pontificates On Future EV Products – Rumor Central

It’s been about two weeks since Tesla’s Model S won Automobile Magazine’s Automobile of the Year, and the EV sedan added another trophy–Motor Trend’s Car of the Year title –to its case, which also includes Yahoo Autos’ Car of the Year. Tesla Motors CEO Elon Musk is happy to see the awards rack up and hear the accolades, but is reportedly celebrating with the promise of more Tesla models. That isn’t to say that Musk isn’t ...
19th August 2013
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One Week Later, Tesla Stock Price Falls Below IPO

Despite a number of challenges still to be overcome, electric car-maker Tesla celebrated a triumphant Initial Public Offering that raised $260 million for the fledgling company. Just a week later, though, things have taken a turn for the worse. Originally, Tesla had planned to sell 11.1 million shares at $14 to $16 each, but revised its strategy at the last minute and bumped its sale to 13.3 million shares at $17 each, which would earn the ...
19th August 2013
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MT Poll: Which 2013 Motor Trend Car of the Year Contender Will Win COTY?

It’s Car of the Year time again! Over the past two weeks we’ve been teasing new 2013 Car of the Year contenders every day. With the 2013 Motor Trend Car of the Year announcement coming Monday, November 12 at 6:30 p.m. EST, we thought it’d be fun to ask which contender you think will take home the golden calipers. But since we get this question at each Of The Year event, we’d like to provide a ...
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, ...
18th August 2013
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Tesla Model S to go on Sale Next Month, Ahead of Schedule

Electric carmaker Tesla delivered a bittersweet announcement today. First the good news – the upcoming Tesla Model S will go on sale next month, ahead of schedule. Bad news? The automaker posted a loss of $89.9 million during the first quarter of this year, which is significantly more than the $48.9 million it lost during the first quarter of 2011. Despite that, Automotive News reports that Tesla is expecting its total revenue for 2012 to be ...
18th August 2013
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Report: Tesla Wants To Build A Nissan Leaf Competitor – Rumor Central

Tesla Motors wants to build a competitor to the Nissan Leaf, CEO Elon Musk told Bloomberg. Musk said that his electric-car company would develop a more affordable model that was nicer and more desirable than the Nissan Leaf. Musk admitted to Bloomberg that his company’s only current offering, the Model S, has somewhat limited appeal because it is very expensive. He says Tesla will develop a more affordable model that would compete with — and beat ...
17th August 2013
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Tesla Confirms Plans to Increase Model S Prices

The price of a Tesla Model S will be increasing soon — but the company hasn’t yet disclosed by how much prices will rise. However, Tesla did confirm that some features that were previously standard on the Model S will become paid options. The Tesla Model S is an all-electric sedan built in California by billionaire visionary Elon Musk. The car is Motor Trend’s 2013 Car of the Year. Prices currently range from $57,400 for an ...
16th August 2013
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Tesla Model S Sales Exceed Expectations, Low-Range Model Axed

Tesla Motors announced today that it will report profitability for the first quarter, after sales of the Model S electric sedan exceeded expectations. Tesla has sold 4750 units of the car thus far, up from the 4500 units previously planned. The announcement is good news for Tesla after a disappointing year in 2012, when the company lost almost $400 million. Last year, Tesla sold just 2650 units of the Model S while it ramped up production ...