New regulation requires carmakers to sell through dealers and bans Tesla’s direct sales model.
Would-be “Teslanaires” are so convinced that Tesla is the next big growth stock that they’re pouring their life savings into the company — often against the advice of family, friends and financial advisers. The Mercury News reports that Elon Musk’s company has attained a cultlike following not seen since the early days of Apple. Perhaps […]
DETROIT (AP) — Electric car maker Tesla reported a narrower loss for the second quarter on Wednesday, sparking an after-hours rally in its stock. The Palo Alto, Calif., company reported after the close of trading on Wall Street that it lost $30.5 million, or 26 cents per share, in the April-June period. That compares with […]
Tesla Motors Inc., the Palo Alto-based electric car maker, reported a loss of $90 million on revenues of $306 million in the fourth quarter of 2012, a result that fell short of analysts’ predictions and caused the company’s stock to drop in after-hours trading. The company delivered about 2,400 Model S vehicles, it said in […]
NY Times Public Editor on Tesla Model S Controversy: Some Poor Driving Decisions, But Story Written in Good Faith
New York Times public editor Margaret Sullivan, who is charged by the paper with independently investigating matters of its own journalistic integrity, has rendered her verdict in the matter of the now infamous Tesla test drive by the paper’s environmental reporter, John Broder. That account of an ill-fated cold-weather road trip in the company’s Model […]
I hate to say it’s over, but I think there are going to be far fewer of these small [electric] start-ups. I don’t know how you break into that [market] unless you have technology that is way beyond what is currently existing.
A.M. Splash: Netflix Fights Hostile Takeover; Fewer Inmates Eligible for Transfer; 800,000 in Bay Area Have Voted; Tesla Says It’s On Track
Fewer prison inmates eligible for transfer to county jails (The Bay Citizen) As California struggles to meet a court-ordered reduction of its prison population, newly released figures show corrections officials overstated the number of low-level offenders eligible to be diverted to local jurisdictions as part of Gov. Jerry Brown’s public safety realignment plan. At issue […]
A.M. Splash: Tesla Plans Electric Car Charger Network; 11 Arrested in Hayward Police Shooting Protest; SJ Solar Plant Gets US Funds
Tesla Motors unveils ‘Superchargers’ at event near Los Angeles (SJ Mercury News) Addressing a key concern consumers have about electric cars — their range between charges — Tesla Motors (TSLA) on Monday unveiled an aggressive plan to build a nationwide network of high-speed “Superchargers” to make it possible for drivers of its all-electric Model S […]
The latest electric vehicle to hit the road can accelerate from 0 to 60 miles per hour in 4.4 seconds with barely a sound. But will it overtake the competition? Elon Musk, CEO of Tesla Motors, says his company has already set the trend, forcing other automakers to launch their own electric vehicles for fear […]
Morning Splash: 36 Million Pds Turkey Recalled; The Funders Behind ‘Run, Ed, Run’; Mavericks’ Permit Decision Postponed; Tesla Financials
36M lbs. of turkey recalled in salmonella outbreak (AP) Meat giant Cargill is recalling 36 million pounds of turkey after a government hunt for the source of a salmonella outbreak that has killed one person in California and sickened dozens more. The Agriculture Department and the Minnesota-based company announced Wednesday evening that Cargill is recalling […]