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.
Shares of Bay Area electric car company Tesla sank more than 6 percent Wednesday after an Internet video showed flames spewing from one of the company’s vehicles near Seattle.
Gov. Jerry Brown threw his support behind the proposed expansion of California’s electric vehicle market during an appearance at San Francisco’s Exploratorium on Monday.
Tesla’s Model S electric car has often been seen as a novelty, a cutting-edge toy for the rich, but America’s youngest car company is enjoying a run of good news that has nothing to do with being the new kid on the assembly line.
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.
Tesla will be joining the Nasdaq-100 Index on Monday as software maker Oracle Corp. heads to the New York Stock Exchange.
More 100,000 people have signed an online petition urging President Barack Obama to oppose efforts by states to block Palo Alto-based Tesla Motors from selling its electric cars directly to consumers, a company spokeswoman said Tuesday.
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.
Tesla Motors is announcing a dramatic rollout of its network of super-fast car charging stations, to ease the range anxiety for drivers of their all-electric Model S sedan.
Electric car maker Tesla Motors says it has repaid a loan from the U.S. government nine years early.