We're here at the Tesla Design Studio in Los Angeles, where Elon Musk just unveiled his startup's third vehicle: an SUV it calls the Model X. It's party piece is a pair of double-hinged "Falcon Wing" rear doors which apparently make loading people and things easier, as you reach into the car not over it.
Tesla is arguably the tech world's favorite electric vehicle manufacturer. Its CEO Elon Musk founded Tesla, SpaceX and PayPal. Now an investment trader and analyst is predicting Big Three auto maker General Motors could very well purchase Tesla sometime in 2014.
Tesla has done very well for itself in the world of electric vehicles. The company has what many consider the best EV on the market in its Model S. The biggest issue with the Model S for many people is that the car is out of their reach price wise. The Model S starts at about $70,000 and fully equipped versions can go for much more than that.
Tesla has announced UK pricing and availability for the Model S, opening its first showroom in the country, as CEO Elon Musk reawakens chatter of a future Tesla truck. The right hand drive version of the Model S will start at 49,900 for the 60 kWh model with roughly a 240 mile range, Tesla said today, while the Model S 85 kWh version, with a 310 mile range and 60HP more, will start from 57,300.
One of the biggest things Tesla can do to bring down the price of its vehicles is to bring down the price of batteries, the single most expensive component across the range of the company's current and planned cars.It seems that the recent meetings between Tesla and Apple aren't going to bring the electric automaker's battery technology to the iPhone or iPad — for now.
Tesla‘s more affordable, third-generation cars will begin development next year, the company’s chief designer has confirmed, describing the upcoming BMW 3-Series rival as “more expressive” than the award-winning Model S.
The main story with Tesla today is that another Model S caught on fire . That's yet another Model S fire, which is worrisome. Tesla says that gas-powered cars are much worse. The fire problem is not good for Tesla, but here's something that is: When it's not on fire, the car is a beast.
Tesla is down 4% to $120.85.The stock is falling as Barclays' analyst Brian Johnson lowered his price target on the stock to $120 from $141.Moreover, Johnson pointed out that a look back at other high profile investigations and recalls suggest that sales could fall 10-20%.Tesla's stock has been taking a beating after there were three fires on its Model S sedan since October.
Tesla announced today that British customers looking for a Model S will have to pony up at least £49,900 ($79,900) — after a £5,000 deduction from the UK Plug-in Grant.That's a 26% markup over what U.S. customers pay. Here, the cheapest Model S, with the 60kWh battery, starts for $63,570 after a $7,500 federal tax credit.Increased prices for Tesla cars overseas aren't surprising.
Forbes contributor Mark Rogowsky made this map to show where Tesla is banned from selling cars, where it's legal to sell cars, and where it's in the middle of a legislative fight over selling its cars. This week New Jersey banned Tesla's direct-to-consumers sales model . Traditionally, auto companies sell their cars through independent dealers.
Reports are out today in The San Francisco Chronicle , and just about every tech publication, that Apple could be in preliminary talks to buy electric automobile manufacturer Tesla. With the mobile phone and tablet markets becoming increasingly competitive, Apple is interested in expanding to other markets to increase growth.
Tesla's stock took a huge beating back in October and November after there were three separate Model S fires reported within in six weeks. None of the fires were spontaneous; they were all caused by accidents. At the time, Tesla CEO Elon Musk went on the offensive and blogged about the safety of the vehicle.
Following the accelerated Gigafactory plans Tesla revealed late last month to mass produce Li-ion batteries, the company has unveiled plans to further its expansion throughout Europe. To do so, Tesla Motors plans to open in excess of 30 additional service centers and stores throughout the region.
Tesla CEO Elon Musk confirmed in a Bloomberg interview that his company did meet with Apple’s acquistions chief, but said a sale of Tesla was “unlikely.” A recent report noted Apple’s mergers and acquisitions chief Adrian Perica met with Musk. “We had conversations with Apple, I can’t comment on whether those revolved around any kind of acquisition,” Musk said.
Cadillac is jumping into the electric car game with the ELR , an attractive plug-in hybrid coupe that will go 37 miles on pure electricity and another 300 thanks to an internal combustion engine. Problem is: the ELR starts at $75,000, before a $7,500 federal tax credit. That makes it the most expensive car in Cadillac's fleet and on par with the widely acclaimed Tesla Model S.
Tesla’s Model E could be revealed as soon as January 2015, chief designer Franz von Holzhauzen told AutoBild last week. The Model E is the rumored name for Tesla’s EV for the masses in its all-electric vehicle product spread.
Tesla has toughened theModel S' underbodyto help prevent anymore fires, but apparently it needs to add some reinforcement to its network features too. An enterprising hacker can't quite drive one of the electric vehicles away (they'd need a key fob to start the car), but holes in the auto's security apparently allow ane'er-do-wellto locate the vehicle, unlock its doors and steal your belongings.
On Tuesday, I had my first chance to get behind the wheel of the Tesla Model S.
A few hours after my drive, the automaker issued a less than perfect earnings report , driving its stock down more than 12%.
I couldn't care less about what the stock does. It doesn't matter.