16th June 2013
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Tesla Announces More Superchargers, Quicker Recharging Times – Rumor Central

The Tesla Model S has exceeded sales forecasts, which has helped the company pay back its Department of Energy loans years in advance. To encourage long-distance travel, the automaker is speeding up its plan to install Supercharger charging stations all over the U.S. and today we got a first look at Tesla’s plans. By the end of next month, the number of operational Supercharger stations will triple, and the company claims that within six months, there ...
16th June 2013
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Tesla Reports First Quarterly Profit

Tesla has reported its first-ever quarterly profit as Model S production hits full swing. The company said it made about $11 million dollars in the first quarter of 2013. A huge chunk of that came from a bit of accounting magic: Tesla was able to eliminate from its balance sheet some $10.7 million in liabilities relating to its Department of Energy loans. It also benefited from the state of California’s cap-and-trade system, selling some $68 million ...
11th June 2013
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Report: Tesla Letting Roadster Owners Trade In For Model S – Rumor Central

Technophiles often want to own the newest technology, but don’t always have something to do with yesterday’s device. Tesla, however, will be making it easy for current Roadster owners to upgrade to a Model S. The San Francisco Chronicle reports that Tesla has created a buyback program for current Roadster owners who are looking to move into a new Model S. Tesla’s program works just as any other trade-in deal would work, and has been created ...
10th June 2013
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Tesla Pays Off DOE Loan Early – Rumor Central

Tesla has been making news lately with changes designed to make the process of buying and maintaining a Model S as easy as possible, and now the company says it has completely paid off its Department of Energy loan nine years early. The company had nine more years to repay the loan. Tesla wired $451.8 million to fully repay the loan with interest, and in a release the automaker says it is the only American car ...