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.
Electric car maker CODA Holdings Inc. filed for bankruptcy protection Wednesday after selling just 100 cars and said it plans to quit the auto business altogether.
Tesla Motors chief executive and co-founder Elon Musk on Tuesday announced a new financing plan for its Model S electric cars that’s aimed at making them affordable for more people.
For the first time since its inception, Silicon Valley-based Tesla Motors has turned a profit as sales of its all-electric sedan are exceeding forecasts.
The chief executive of electric car maker Tesla Motors says his company plans to pay back an Energy Department loan in half the time required by the government.
The CEO of Tesla Motors has told Bloomberg that a New York Times review – which had its veracity called into question – may have cost the $100 million in value.
Tesla’s CEO Elon Musk has become incensed over a news article critical of the all-electric car that was published in The New York Times last week.