6th September 2013

Tesla increases lease calculator costs; Supercharging, ‘mystery’ announcement coming soon

Even Tesla Motors hasn't totally figured out the details of the just-announced Model S 'lease' program. Yesterday, when the financial product was first revealed, the small print on the company's online calculator described a 66-month loan and a tiered monthly payment structure, depending on which model you chose: $1,199 a month for the 85-kWh Model S, $1,421 for the 85-kWh Performance model and $1,051 for the 60-kWh version. Today, all three of these prices have ...
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 ...
23rd August 2013

Tesla’s 4Q loss widens, but sales forecast beats analyst estimates

'The future is now' may be well-worn cliche, but when it comes to Tesla Motors' stock price performance, 'now' is all about the future. The high-end electric-vehicle maker said Wednesday that its fourth-quarter loss widened 59 percent from a year earlier as research and development expenses surged in advance of this year's debut of the company's Model S sedan and the development of the Model X crossover set to launch late next year. Tesla's net loss widened ...
17th August 2013

Tesla stock breaks $83; CEO Elon Musk steps way from Facebook founder’s immigration group

As A. Whitney Brown once said, 'There's really no use in beating a dead horse. I mean, except for the pure joy of it.' Well, if Tesla's recent string of successes is said horse, then we hope you enjoy the rest of this post. Let's start with politics, and Tesla CEO Elon Musk's step back from Facebook founder Mark Zuckerberg's new immigration reform political action group, Fwd.us. Musk is one of the big names that is ...
16th August 2013

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

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 ...
14th August 2013

Tesla CEO Elon Musk on high cost of building Model S: “I wanted to punch myself in the face”

Tesla Motors has been spending way too much money building each Model S. That reality, and how the company is remedying the situation, was one of the main talking points during a conference call that followed the release of the automaker's fourth-quarter letter to investors and financial results. The discussion offered a great look inside a company that is moving from its start-up stage to becoming a full-blown, car-building, money-making operation. Tesla could bump up production ...
14th August 2013

Tesla involved in federal probe? News to us, says Tesla

A recent report indicates that there's a dark and shadowy secret just waiting to wreck havoc on Tesla Motors: a federal probe into whether, as the conservative Washington Times puts it, 'the automaker was using foreign instead of American parts in manufacturing their electric vehicles.' Tesla has openly said it uses Panasonic battery cells, for example, so the need for a probe is not quite clear. According to a PDF that the Times says comes from ...
6th August 2013

Tesla selling new stock, debt worth $830m in order to pay off DOE loan

Anyone paying attention to the electric vehicle scene for the last few weeks knows that the stock value of Tesla Motors has been climbing faster than a SpaceX rocket. As of this writing, TSLA is sitting pretty at $92 a share. Three weeks ago, it was at a then-record-high of $53. In light of all the commotion, Tesla is going to make some money and pay back the government. The company announced yesterday it will sell ...
4th August 2013

Tesla seeks another $225 million through follow-on stock offering

Tesla Motors is looking for history to repeat itself. The luxury electric-vehicle maker, which raised $226 million in its June 2010 initial public offering, is looking to raise another $225 million in equity through an additional stock offering. Last Friday, Tesla said it priced 6.93 million shares at $28.25 each and is offering another 30-day option to its underwriter for an additional 1.04 million shares. Tesla co-founder Elon Musk will also buy as many as 35,398 shares ...