In January, it was discovered in a SEC filing for an IPO that Tesla would stop selling the Roadster, due to tooling changes at the Lotus plant in Hethel, England where it is built. The Roadster’s production was contracted out to Lotus, and it shares some components with the Elise. The announcement was unplanned, and [...]
Continue reading...Tuesday, November 24, 2009
Tesla has been doing quite well for itself lately – new stores are being opened around the world, profitability was reached in July and biggest of all, the Department of Energy approved Tesla’s loan for the Model S. Most recently though, Fisker has captured a lot of the attention – announcing Project NINA, getting DOE [...]
Continue reading...Thursday, October 15, 2009
Back in the old days, doctors used to make house calls routinely. But what about house calls for your car? With the Mobile Service Rangers those days could just be beginning, at least for Tesla owners. The new program is designed to offer Roadster owners peace of mind about getting their Roadsters repaired. Tesla Mobile [...]
Continue reading...Friday, October 2, 2009
Tesla Motors has been busy making the transition from well-funded startup to a full-fledged player on the automotive scene. The Model S is the company’s first volume vehicle, a mid-sized sedan priced around $50,000 that is projected to sell around 20,000 units per year. Selling 20,000 units a year of the Model S is a [...]
Continue reading...Tuesday, September 22, 2009
Companies specializing in alternative fuels are hitting some good times as of late, even in spite of the relatively low fuel prices. Bitter rival Tesla has taken a lot of new orders for the Model S, gotten a Department of Energy loan guarantee to produce it, and has hit profitability for the first time. Fisker on [...]
Continue reading...Friday, August 21, 2009
Tesla is on something of a roll lately – with announcements of new store openings all over the world, profitability reached in July, government approval of a $465 million Department of Energy loan, investment by Daimler. Could things be going any better? If you remember, less than a year ago the situation wasn’t so pretty. [...]
Continue reading...Saturday, June 27, 2009
Tesla is expanding! In more ways than one. The company has plans to open four new stores in the United States, as well as opening dealers internationally. Tesla has an unique way of selling it’s vehicles that seems to be working out quite well for them. Each Tesla dealer is company owned and operated, which means [...]
Continue reading...Wednesday, June 24, 2009
After months of speculation and waiting, the day has finally come. The U.S Department of Energy has announced it’s approval of loans from the Advanced Technology Vehicle Manufacturing program (ATVMP). The ATVMP is a bill passed by Congress that awards $25 billion in loan guarantees to auto manufacturers. It is intended to spur alternative fuel development. Originally, it was expected that the Big Three automakers [...]
Continue reading...Tuesday, June 23, 2009
Tesla’s recent sale of an 10% stake to Daimler wasn’t valued at an exact amount in the joint press release by the two companies. That is an interesting fact, because in doing so they are hiding the valuation of the company. You’d think it’s something they’d want to trumpet. The only official information about the investment was [...]
Continue reading...Sunday, May 17, 2009
The ink is hardly dry on the announcement for Fisker’s new range-extended electric vehicle, the Karma and yet the company head Henrik Fisker is already talking about a successor. The company has come such a long way since its original inception. Originally the company sold coach built vehicles like the Tramonto and Latigo CS. The [...]
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Sunday, March 14, 2010
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