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The chairman of the industry group said customers need dealerships in order to keep prices down

The head of the national car dealer's industry trade group warned Wednesday that if automakers start selling directly to consumers -- rather than through a middleman, like today's dealership system -- car makers will jack up prices and ignore customers.

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The lower price tag and disruptive quality of Hyperloop will doom it

There are plenty of nay-sayers who are already shoveling dirt on Elon Musk's proposal that someone or some entity take up the design for a high-speed conveyance he is calling Hyperloop to create a 30-minute trip between San Francisco and Los Angeles.

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Electric car entrepreneur and rocket man wants to bypass car dealers

Tesla Motors CEO Elon Musk has turned a profit on selling luxury electric vehicles and his rocket company sent the first private payload to the International Space Station.

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Have they found a winning recipe for the business of electric vehicles?

It apparently is not an April Fool's gag. Tesla Motors, the start-up, electric-car company is finally profitable.

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Reporter endured rough ride; Musk calls review a "fake"

Shares of Tesla Motors took a ride Monday after a weekend article in the New York Times claimed that its electric sedan, the Model S, ran out of power during an East Coast road trip and had to be towed to a recharging station.

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It's not often that documentaries breed sequels, but if ever a nonfiction film deserved to have a part two, this is it. "Revenge of the Electric Car" is the sequel to director Chris Paine's 2006 documentary, "Who Killed the Electric Car." We interviewed Paine in Translogic Episode 3.4, but he didn't give us much in the way of specifics about the new film. Thanks to the new trailer, however, we've finally got a better idea of how it plays out. Scheduled for release in Spring 2011, the "Revenge o

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Who remembers Webvan? Go ahead and raise your hands. Hmm, that's not a lot of hands. Well, Webvan was one of the biggest flameouts of the late-1990s dot-com bubble. After raising hundreds of millions of dollars in venture capital and an initial public offering, it spent even more building warehouses and buying delivery trucks to take internet orders for groceries and deliver them to customers homes at the time of their choosing. Unfortunately, Webvan had management with no experience in the groc

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If there's ever going to be a green car cage match, we can guarantee that one of the fighters will be Tesla Motors CEO Elon Musk, who apparently can't pass up the chance to take on any competitor. His latest target? The lithium-ion battery pack in the Nissan Leaf, about which Musk had some critical things to say in a conference call with investors this week.

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Elon Musk on The Colbert Report – Click above to watch the video after the jump

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Elon Musk on The Colbert Report – Click above to watch the video after the break

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Toyota has several fingers in a few electric pies. There's the electric car it's working on in-house, in conjunction with Panasonic, using proprietary technology. Then there are two mash-up prototypes that Tesla is building for Toyota, which according to Bloomberg include an electric RAV4 and Lexus RX. According to the report, the crossovers were chosen because they're the best fit for the weight of Tesla's battery pack, which uses 6,831 lithium-ion batteries.

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Toyota has several fingers in a few electric pies. There's the electric car it's working on in-house, in conjunction with Panasonic, using proprietary technology. Then there are two mash-up prototypes that Tesla is building for Toyota, which according to Bloomberg include an electric RAV4 and Lexus RX. According to the report, the crossovers were chosen because they're the best fit for the weight of Tesla's battery pack, which uses 6,831 lithium-ion batteries.

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Tesla's chief executive officer, Elon Musk, is well-known for his occasionally outlandish remarks, boastful company claims, over-the-top comments and much more. To put it nicely, Musk is an outspoken individual, which just means that when he sat down with TIME magazine for a recent interview, there wasn't a moment of restraint.

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Elon Musk has felt the acute, and acutely painful, need to correct some of the erroneous statements being written about him and the divorce he is seeking from Justine Musk. Some of those erroneous details have been repeated here, so in all fairness the man should get his time at the mic.

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After rising 41 percent on the first day of trading, stock in Tesla Motors has been in an alarming freefall. Yesterday, shares of Tesla Motors fell another 16 percent, landing below their initial offering price of $17 each. For those keeping track of such things, company head and largest shareholder Elon Musk's shares are now worth $433 million, a good bit less than their $457 million value after the IPO.

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After rising 41 percent on the first day of trading, stock in Tesla Motors has been in an alarming freefall. Today, shares of Tesla Motors fell another 16 percent, landing below their initial offering price of $17 each. For those keeping track of such things, company head and largest shareholder Elon Musk's shares are now worth $433 million, a good bit less than their $457 million value after the IPO.

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We find it hard to believe that Tesla's chief executive officer Elon Musk could possibly be running low on cash, but that's the story we've heard. If true and Musk actually is almost broke, he's a lot less so now with the addition of some $24 million in pocket change courtesy of Tesla's recent IPO. In the first day of trading, Tesla's stock shot up 40 percent, bringing in a significant amount of coin for the company, and Musk benefited, too.

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Tesla Roadster 2.5 – Click above for high-res image gallery

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We can safely say very few people saw this one coming. By the close of trading today, Tesla stock was trading at $23.89 – up a hefty 40.53 percent from the stock's IPO price of just $17. If that's not surprising enough for you, how about this little gem: overall trading on NASDAQ was down by 3.85 percent today, meaning Tesla bucked the market trend for its first day as a publically traded company. This means that today, the company's 13.3 million publically traded shares are worth around $

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It's no secret that Tesla's chief executive officer Elon Musk is experiencing some difficulties right now. From the messy divorce to reports that he's broke, Musk has recently made headlines for all the wrong reasons. That's precisely why Tesla Motors hope to distance itself from the CEO as it moves ever closer to its IPO.

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