Car Throttle

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 that it was in the "double digit millions". That would be a number between $10 and $99 million, and sources have it pegged at $50 million. At that price, Tesla's value would be $550 million.However a new report has that valuation working out to be nearly double that amount, to the tune of $1 billion! Of course we don't know whether this report is accurate or not but it does take into account a

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 Tramonto was based on the Mercedes-Benz SL and the Latigo CS on the BMW 6-Series. Smartly, the company used those models to produce a profit that would help investors kick down the cash to develop dedicated vehicles like the Karma.   Henry Fisker's dream is being realized! Like Tesla, the company has applied for Department of Energy loan guarantees. Fisker hopes to use that money to develop a new low cost model, using the same

A little over a month after unveiling the Model S sedan, Tesla Motors has announced today that the company has received over 1,000 orders. That is no doubt an impressive figure! Consider this; the company has no factory yet to produce the model and the purchase price is at around $50,000, in luxury territory. 1,000 orders is a number to be excited about. I can see why the car reached so many orders too. The car offers an incredible value proposition and Elon Musk has guaranteed to personally refund deposits should an "Armageddon scenario" happen to the company. This is the guy that founded PayPal and SpaceX; I think people have a lot of confidence that he will be able to deliver on the Model S's promises. Like