Shares of Tesla Motors surged Friday following better than expected fourth-quarter results, and now another Bay Area company is getting a charge from electric car maker’s success.
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.
Wanxiang America Corp. has filed a proposal to buy the assets of California-based Fisker Automotive. Fiskar, once the electric rival of Tesla, sought bankruptcy protection in 2013.
The leader of upstart automaker Tesla Motors is confident that its Model S car is safe and will be cleared by a federal investigation into two battery fires.
The U.S. government’s auto safety watchdog has opened an investigation into battery fires in Tesla Model S electric cars.
Looking to eventually produce more electric cars, Tesla CEO Elon Musk said they may need a new factory for battery cells alone and its size would be major.
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.
Investors in the Tesla electric car company stemmed the bleeding a bit Friday. But it was still an abysmal few days, marred by another fire in a Model S and earnings results that many found disappointing.
A Tesla Model S electric car caught fire this week after hitting road debris on a Tennessee freeway, the third fire in a Model S in the past five weeks.