Tesla’s net loss nearly tripled to $184 million in the April-June period as it invested in tooling and factory capacity for the new SUV, which is scheduled to go on sale next month.
Tesla Motors CEO Elon Musk says the company expects to start deliveries of its new SUV, the Model X, in three or four months.
Billionaire entrepreneur Elon Musk defended his business practices following an LA Times report that his three companies have taken billions in government subsidies, saying “the article makes it seem as though my company is getting some huge check, which is fundamentally false.”
The “Hyperloop,” floated in 2014 by Tesla Motors CEO Elon Musk, is a futuristic high-speed transit system in its nascent stages of development, but it’s closer to reality with plans for a test track in the Central Valley.
Lower gas prices could be leading to drivers of hybrid and electric vehicles to trade in their cars for conventional vehicles, including SUVs, according to an analysis from auto research website Edmunds.com.
Electric car maker Tesla has a new product in the works, but it’s not a new model, according to CEO Elon Musk.
Elon Musk, CEO of Tesla Motors, unveiled his plans to alleviate so-called “range anxiety” in his company’s Model S electric vehicles by updating the cars’ software over-the-air.
With tech giants and auto companies working on self-driving cars, Tesla Motors CEO Elon Musk said at a conference Tuesday that self-driving vehicles would eventually become the norm and that driving by humans could be outlawed decades from now.
Last week in Alameda, a man happened upon Tesla testing the yet-to-be-released Model X hybrid SUV. The man behind the camera was on his way to the nearby skate park when he was able to capture photos and video of Tesla’s Model X in action.
Proposals to allow direct car sales in Texas stalled during the 2013 legislative session, but Palo Alto-based Tesla appears poised to revive the issue by offering future investment projects.