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.
A Southern California-based space company has successfully tested a reusable rocket it hopes will make it cheaper to go into space.
Sunday’s blast-off was the second launch of a Dragon capsule to the orbiting lab by the California-based SpaceX company.
The first Tesla S sedans rolled off the Fremont assembly line last Friday.
Electric car upstart Tesla Motors Inc. said it will sell 5.3 million additional shares of stock for $28.76 in a secondary public offering.
As more and more consumers become interested in electric vehicles, Tesla Motors in Palo Alto is hoping to lead the foray into the next wave of cars.