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Tesla talks future EV models for 2015

Eric Abent

2012 has already been a pretty big year for Tesla. Just last month it started shipping out the first of its Model S cars to customers, and earlier this year the company announced that its Model X crossover will enter production in late 2013. Despite having one model fresh off the assembly line and another

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source: www.slashgear.com

14 Jul 2012

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Cadillac's New ELR Is Ready To Battle Tesla For The Luxury Electric Car Market

www.businessinsider.com Alex Davies 122 days ago

international auto show

gm vice president

north american international auto

american international auto show

bob ferguson

In October, General Motors announced its entry into the luxury electric car market with the Cadillac ELR. That market — for customers who want electric cars but are not overly concerned with the price tag — has to date been cornered by Tesla's Model S. With the ELR, GM will work to steal away those customers. The largest American automaker has several advantages over Tesla, especially infrastructure to design and produce cars, which Elon Musk has struggled to build over the past decade. On top of that, Cadillac has a lot of momentum. 2012 was a good year for the brand, languishing ... Read similar

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Tesla in talks with Google over self-driving car tech [UPDATE]

www.slashgear.com Craig Lloyd 11 days ago

Tesla Motors, the company behind the popular Model S and its all-electric car tech in general, is interested in self-driving cars and is in talks with Google on how bring that technology to Tesla cars in the future. Tesla CEO Elon Musk says that self-driving cars are the way of the future and are the Read The Full StoryRead similar

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Tesla turns a $15 million profit in Q1 2013 on $562 million in revenue

www.engadget.com Michael Gorman 10 days ago

Despite a bit of bad press for its Model S and a less-than-ideal close to the 2012 financial year, things have been looking up for Tesla. Sales are on an upward climb, company CEO Elon Musk has sworn to deliver more superchargers, better service for customers and continues to tout his EV's high resale value. After promising that Tesla would turn a profit in Q4 of 2012, the EV manufacturer has finally done so -- generating $15 million in net income and $562 million in revenue in Q1 2013.During the first quarter the company built 5,000 Model S cars, and is scheduled to build the same number in Q... Read similar

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Tesla Is Getting Ready To Announce More Big News Tomorrow (TSLA)

www.businessinsider.com Alex Davies 23 days ago

Tesla Motors will announce a new strategy tomorrow that its customers will like, CEO Elon Musk said on Twitter today. There's a lot going on with Tesla these days, so it's hard to guess what the new approach will be. Our best bet is that it's a new way to change laws in many states that prohibit automakers from selling cars directly to buyers (as opposed to doing it through dealerships). Musk has been on the campaign trail this month in Texas, and has been making progress in Virginia and New York lately. Just how Tesla could change its approach — which has consisted mostly of petitions a... Read similar

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Even Nissan Has Decided That Today's Battery-Only Cars Are A Dead End

www.businessinsider.com Norihiko Shirouzu and Yoko Kubota and Paul Lienert, Reuters 93 days ago

alternate power source

Recent moves by Japan's two largest automakers suggest that the electric car, after more than 100 years of development and several brief revivals, still is not ready for prime time - and may never be. In the meantime, the attention of automotive executives in Asia, Europe and North America is beginning to swing toward an unusual but promising new alternate power source: hydrogen. The reality is that consumers continue to show little interest in electric vehicles, or EVs, which dominated U.S. streets in the first decade of the 20th century before being displaced by gasoline-powered cars. Despi... Read similar

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Tesla announces new service details, unconditional warranty for Model S battery

www.engadget.com Donald Melanson 22 days ago

elon musk

tesla roadster

valet service

unconditional warranty

line model

Tesla CEO Elon Musk talked a bit about his goals for expanded service options in his interview with us earlier this month, and he's today detailed some of those options that the company is ready to roll out. That includes one perk that's been mentioned previously: the ability to get a Model S loaner to tide you over when you have to turn your car in for service. What's more, that loaner will be a top-of-the-line Model S regardless of the car you turn in (there's a fleet of 85 to start with, each with valet service to your location), and customers in "most markets" can also opt to get a Tesla... Read similar

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Toyota launches 2013 Crown series in Japan

www.slashgear.com Eric Abent 141 days ago

Toyota has new cars rolling off the assembly line in Japan this week, launching both the 2013 Crown Royal and Crown Athlete. Judging from the press shots we see below, the new cars in the Crown series look pretty sleek. Toyota even made a point of drawing our attention to the grills of the cars Read The Full StoryRead similar

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Tesla Motors Partners With Wells Fargo And US Bank To Finance Model S Electric Cars

techcrunch.com Drew Olanoff 46 days ago

depreciation benefits

Today, Elon Musk’s Tesla Motors has announced a new plan to allow consumers to finance its Model S Electric cars, thanks to a partnership with Wells Fargo and US Bank. The company says that this is a new kind of financing product that “combines the surety and comfort of ownership with all the advantages of a traditional lease.” So while this isn’t a straight-up lease, this is a hybrid that is as close to owning one of these cars as you’re going to get without paying cash for it. The “true net out of pocket cost” for a Model S with this deal is under $5... Read similar

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The Electric Car Is Dead All Over Again

www.businessinsider.com Alex Davies 40 days ago

The dream of an electric car that's both affordable and practical has eluded automakers, and will likely do so for another decade. The problem is a lack of cheap, powerful battery technology that keeps ranges limited, charge times long, and prices high. A much better battery is the "holy grail," says Jack Nerad, executive editorial director and market analyst at Kelley Blue Book. While lots of parties are working on it, "nobody's got there yet." Until someone does, the story of the electric car in the United States will continue to be one of high expectations and consistent letdowns. Fisk... Read similar

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How Tesla Went From Near-Failure To Stunning Profitability In Just A Few Years (TSLA)

www.businessinsider.com Mamta Badkar 8 days ago

electric sports car

silicon valley entrepreneurs

tesla roadster

ac propulsion

elon musk

Tesla Motors announced its first-ever quarterly profit on Wednesday. Yesterday, Consumer Reports gave Tesla's Model S its highest score ever for a car in its 2013 review. And the stock has been up over 40% in the last two days. But the company hasn't always had it good. It nearly collapsed during the financial crisis. A negative review from The New York Times earlier this year prompted CEO Elon Musk to take to Twitter and appear on CNBC and Bloomberg TV to criticize the review. Its stock was battered at the time. Here, we take a look at the company's origins, the drama among its founder... Read similar

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TESLA: We're Selling More Cars Than We Expected, And We're Now Profitable

www.businessinsider.com Joe Weisenthal 47 days ago

Early this morning, electric car maker Tesla announced that it is exceeding its previous guidance on auto sales and turning profitable for the quarter. Below the dotted line is the press release. ------------------------------------------------------------ PALO ALTO, CA--(Marketwire - Apr 1, 2013) - Tesla Motors (NASDAQ: TSLA) announced today that sales of its Model S vehicle exceeded the target provided in the mid February shareholder letter. As customers who note their Model S serial number this weekend will realize, vehicle deliveries (sales) exceeded 4,750 units vs. the 4,500 unit pri... Read similar

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Tesla Is About To Turn Its First-Ever Profit — Here's How It Got There (TSLA)

www.businessinsider.com Mamta Badkar 87 days ago

electric sports car

elon musk

silicon valley entrepreneurs

tesla roadster

ac propulsion

Tesla Motors just announced its fourth quarter financial results, and it reported a net loss that was a bit wider than expected. But importantly, the company reached its production goal of 400 Model S cars a week, which it needed to hit to break even. And now, Tesla even expects to generate "slightly positive" net income in Q1 2013. This would be its first-ever profitable quarter since its IPO. Here's a look at how the company got here.Tesla Motors was founded in 2003 by five Silicon Valley entrepreneurs. Tesla was founded by Marc Tarpenning, JB Straubel, Ian Wright, Elon Musk, and... Read similar

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How Elon Musk Is Revolutionizing Two Major Industries At The Same Time

www.businessinsider.com Alex Davies 66 days ago

pragmatic businessman

international space station

matt desch

smithsonian magazine

business acumen

Elon Musk, CEO of Tesla Motors, he has turned a pipe dream — an all-electric car company — into a viable business, in a high-risk, high-cost industry. Musk is also CEO of SpaceX, whose unmanned Dragon rocket successfully docked with the International Space Station for the second time, dropping off cargo per the company's $1.6 billion contract with NASA. His intense ambition and self-confidence enable him to handle both jobs at the same time, despite the myriad challenges — like broken-down cars, economic collapses, and failed rockets — that come with changing the automo... Read similar

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What Everybody Got Wrong About Tesla

www.businessinsider.com Rob Wile 3 days ago

american success story

Tesla reported its first-ever profitable quarter last week, and its stock continues to go bonkers. It's an incredible feat. Business Insider's Henry Blodget summed it up thusly: "What Tesla has accomplished over the past decade is extraordinary... So far, anyway, Tesla is a great American success story, and everyone should be rooting for it." Just a few weeks ago, we were calling out CEO Elon Musk for misconstruing its pricing scheme. And in February, we had concurred with the New York Times' pessimistic take on electric cars. Now we know better. Deutsche Bank's Dan Galve... Read similar

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Tesla Model S axes 40 kWh battery option, surpasses sales goals

www.engadget.com Sean Buckley 48 days ago

first quarter sales

curious onlookers

q1 profits

software restrictions

sales goal

Thinking of picking up the budget Tesla Model S? Think again: the electric automaker just announced that it won't be sending its 40 kWh battery pack option into production, citing a lack of customer demand. Customers who opted for the lower range configuration will still get a car, of course, but it will be a 60 kWh machine with software restrictions on range. It sounds like a raw deal, but Tesla promises customers that the artificially limited Model S will reap unexpected benefits from the battery swap -- that is, improved acceleration and a higher top speed. All of the company's 60 kWh car... Read similar

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Tesla ups longest financing term from 63 to 72 months, guarantees highest resale value of any premium sedan

www.engadget.com Michael Gorman 15 days ago

benz s class

electric autos

unconditional warranty

bmw audi

financing option

Last week, Tesla gave some good news to owners of its electric autos -- an unconditional warranty on Model S power packs and the availability of Roadsters and Model S's as loaner models should your EV be laid up for repairs. Today on a media call, Elon Musk announced a new financing option for would-be buyers and informed us that Teslas have a higher resale value than any other car. Because of this, Musk is personally guaranteeing that his cars will have a higher resale value than those from major luxury brands like BMW, Audi and Jaguar (which broadens the guarantee beyond the old one that had... Read similar

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Inhabitat's Week in Green: Tesla Model X, Wendy the pavilion and a robot named Baxter

www.engadget.com Inhabitat 118 days ago

offshore wind farm

renewable energy news

harbin ice festival

renewable energy laboratory

international auto show

Each week our friends at Inhabitat recap the week's most interesting green developments and clean tech news for us -- it's the Week in Green. It's cold outside, but the cars at this week's North American International Auto Show were positively sizzling -- and Inhabitat sent several writers to report on the latest green cars to be unveiled at the show. Among the standouts at this year's auto show were Acura, which unveiled its sleek new NSX hybrid sports car, and Tesla, which showcased its all-electric Model X. Also on display in Detroit was Cadillac's 2014 ELR extended range EV with its gorg... Read similar

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Tesla Turns First Profit

feeds.mashable.com Seth Fiegerman 47 days ago

It only took a decade, but Tesla is finally profitable.Tesla announced late Sunday that it achieved profitability in the first quarter of 2013 for the first time in its history after posting better than expected sales of the Model S sedan. The company sold more than 4,750 of the cars, compared to a previous estimate that it would sell 4,500."There have been many car startups over the past several decades, but profitability is what makes a company real," Elon Musk, Tesla's co-founder and CEO, said in a statement. "Tesla is here to stay and keep fighting for the electric car revolution."The car ... Read similar

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Tesla Announces New Lease-Buy Financing Scheme That Elon Musk Calls Revolutionary

www.businessinsider.com Alex Davies 46 days ago

Less than two days after announcing it is exceeding its previous guidance on auto sales and turning profitable for the quarter, Tesla Motors just released more big news. We thought it could be the announcement of a new car or an expansion of the company's supercharger network; It turned out to be a new financing scheme that is a hybrid of owning and leasing a Tesla Model S. What's particularly interesting about the news is that CEO Elon Musk is personally guaranteeing every purchase. Under the program, after three years customers will be able to sell their Model S cars back to Tesla for t... Read similar

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Tesla Is Delaying Production Of Its Model X SUV By A Year

www.businessinsider.com Alex Davies 68 days ago

Tesla will delay the production of its Model X SUV by about a year, it said in its annual report, filed last week. The electric car company is going through a rough patch: Last week, Tesla lost its legal challenge over a poor review of its Roadster, by the BBC show "Top Gear," in 2008. Opinionated CEO Elon Musk is still upset over a negative, contested New York Times review of the Model S. One day after the February 2012 reveal of the Model X, Tesla had secured $40 million in advance sales for the car, which seats seven and features a stylish set of gullwing doors. At the time, Tesla said Mode... Read similar

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