Obama extends the Guzzler's program--how long will it last? Nissan prepares to get its first EV to market ahead of schedule. California makes new rules about car insurance company snooping. And we take a ride in the stunning BMW Z4.Subscribe now: iTunes (audio) | RSS (audio) SHOW NOTES
Upstart Tesla Motors proved the time is ripe for a new car company, reporting a profit of approximately $1 million on revenue of $20 million for the month of July. Tesla reduced its cost to build its electric sports car, while introducing the more expensive Roadster Sport model to its model line-up. The company shipped 109 cars in July, its highest output to date, reflecting an improved assembly process at its Menlo Park, Calif., facility. Tesla reports expanding sales to European customers for the third quarter, along with expansion into other countries, including Russia.
Earlier this year, Tesla won a … Read more
A San Mateo County Superior Court judge on Wednesday denied former Tesla Motors CEO Martin Eberhard's request that he be declared one of only two Tesla founders, according to a statement released by Tesla Motors late Wednesday night.
"We agree that Eberhard's claims on the question of who founded Tesla have no merit. We look forward to proving the facts in court as soon as possible and setting the historical record straight," Tesla's current CEO Elon Musk said in a statement.
The ruling is in keeping with Tesla's claim that the company was founded by a team of several people, … Read more
Friday marks the 153rd birthday of one of the greatest geeks and most amazing minds of all time: Nikola Tesla. This genius is almost certainly why you have electricity in your house. What's more, most of the gear you own is powered by parts that use his ideas. We owe this man the modern age.
So what better way to celebrate his birthday--and thank the man--than to share a video of two Tesla coils playing the Super Mario Bros. theme song?
We couldn't think of one either. It's not the newest or most impressive Tesla coil demonstration … Read more
Tesla is the only production automaker selling highway-capable EVs in North America and Europe. With 0-60 mph in 3.9 seconds, the Roadster outperforms almost all sports cars in its class, yet it's more than twice as energy-efficient as a Toyota Prius and delivers 244 miles per charge.
Updated at 11:35 a.m. Tuesday with further loan details.
The U.S. government, which plans to kick-start development of a new generation of fuel-efficient automobiles through the Advanced Technology Vehicles Manufacturing Loan Program, announced on Tuesday some loan application winners.
Ford Motor gets loans totaling $5.9 billion, going to a variety of fuel efficiency initiatives, while a $1.6 billion loan to Nissan is intended to help it refit a Tennessee plant for electric car production.
Tesla Motors is also a winner under the program, getting a $465 million loan, most of which will be used to … Read more
The legal battle and war of words between two Tesla Motors CEOs are heating up.
Current Tesla Motors CEO Elon Musk responded in a lengthy company blog on Monday to a lawsuit charging libel and breach of contract from former CEO Martin Eberhard. In his blog, Musk dismisses Eberhard's claim that Eberhard was responsible for many of Tesla's key achievements, one of the key points of the suit.
Among other comments, Musk writes: "The facts are that when I requested through AC Propulsion to meet Eberhard, he had no technology of his own, he did not have … Read more
NEW YORK--"I'm anti-tax, but I'm pro-carbon tax," Tesla Motors founder Elon Musk said onstage at the Wired Business Conference here Monday--a remark that prompted interviewer and Wired editor-in-chief Chris Anderson to quip that he was a "true Silicon Valley libertarian."
Gasoline "should probably be $10" per gallon, said onetime PayPal co-founder Musk, who is also attempting to make sending satellites into space cheaper with a start-up called SpaceX. "I'm not paying for the true cost of gasoline at the pump...since nobody's explicitly paying for the CO2 capacity … Read more
Updated at 8:30 a.m. PT with full statement from Tesla Motors.
The founder and former CEO of Tesla Motors, Martin Eberhard, is suing the company and current CEO Elon Musk for libel and breach of contract, opening up another lawsuit at the young electric carmaker.
The lawsuit (click for PDF) alleges that Musk sought to "rewrite history" by taking credit for the accomplishments and the very idea behind Tesla Motors, resulting in a damaged reputation for Eberhard. The suit was filed in the last week of May but become public on Wednesday night.
In addition, the … Read more
Tesla Motors has launched a safety recall covering all 345 Tesla Roadsters manufactured before April 22.
Tesla says it will make house calls to inspect the rear, inner hub flange bolts on several Roadsters after one owner reported uncharacteristic handling. After a root-cause analysis, Tesla determined that the rear, inner hub flange bolts on a small percentage of Roadster vehicles were improperly torqued during assembly by Lotus, the contract manufacturer of the Roadster chassis. Lotus is conducting a similar recall on some Lotus Elise and Exige vehicles.
No accidents have been reported as a result of this manufacturing issue, which … Read more