Tesla Motors Inc. shares soared in extended trading after the electric car maker delivered a strong fourth-quarter performance and said that it expects sales of its vehicles to increase sharply this year.
The U.S. government’s auto safety watchdog has opened an investigation into battery fires in Tesla Model S electric cars.
The Bay Area Tesla factory where three workers were burned by hot metal was previously cited for a safety violation that led to an injury, a state official said Thursday.
Three workers were sent to the hospital with burns following an industrial accident at the Tesla Motors factory in Fremont on Wednesday.
Tesla Motors’ high-flying stock tumbled 12 percent in after-hours trading Tuesday after the electric car maker’s third-quarter results fell short of expectations.
Gov. Jerry Brown threw his support behind the proposed expansion of California’s electric vehicle market during an appearance at San Francisco’s Exploratorium on Monday.
Excluding one-time items and lease accounting, Tesla Motors Inc. said it had a profit of 20 cents per share. The one-time items included a $16 million charge associated with the payoff of a $465 million loan from the U.S. Department of Energy. Tesla paid off the loan in May, nine years earlier than it was due.
Mayors from San Jose, Los Gatos, Campbell and Mill Valley on Thursday announced an agreement to add some all-electric, light-duty compact cars to their municipal fleets to reduce fuel costs and air pollution.
With more electric cars driving on Bay Area roads and less charging stations than needed, Santa Clara county supervisors are looking to change local building codes as a solution.
Electric car maker Tesla Motors says it has repaid a loan from the U.S. government nine years early.