Shares of Tesla Motors fell another 5 percent Thursday as investors in the high-flying company assessed the fallout from a fire in one of its $70,000 electric cars.
Tesla is recalling as many as 1,228 of its Model S vehicles, citing a problem with a rear seat latch in the electric sports sedan.
Electric car maker Tesla Motors says it has repaid a loan from the U.S. government nine years early.
The Model S sedan received a score of 99 out of a possible 100.
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.
The 2013 Motor Trend Car of the Year has all the features you’d expect from a vehicle that has earned that honor. It has a light body, advanced design, a roomy cabin, and plenty of load capacity. What the Tesla Model S doesn’t have is an internal combustion engine.
The first Tesla S sedans rolled off the Fremont assembly line last Friday.
Friday was an important day for billionaire Elon Musk’s electric-car maker, Tesla Motors. Ten new sedans, called the Model S, rolled out the door during a ceremony at the company’s factory in Fremont.
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.
The reopening of the former NUMMI auto plant in Fremont under the auspices of Tesla Motors marks an important milestone for California manufacturing and for the electric car maker, company officials said.