Tesla News

Tesla is a brand of all electric vehicles founded in 2003 by Martin Eberhard and Marc Tarpenning in San Carlos, California. The company's first product was the Tesla Roadster, which has been joined by the Model S sedan. Named for the famous inventor and electrical engineer Nikola Tesla, the company is currently headed by its CEO and PayPal co-founder Elon Musk.

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Tesla stock still climbing, despite federal subpoena asking about executive share trading 1367360820

In recent days, Tesla Motors stock (TSLA) has been climbing and climbing, hitting a high of $58.18 earlier today before closing at a respectable $53.99. The rise comes amid a string of headline-making events – higher-than-expected sales, franchise dealer fights and a new warranty program, to name just three – but under all of the good news ...
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Tesla announces 'World's Best Service and Warranty Program,' hints at future 500-mile battery 1367018040

Tesla Motors has just revealed the latest edition of it 5-part announcement trilogy. Whereas the previous first installment had to do with the company's new leasing program, this episode is all about service and warranty, comes gift-wrapped in the glittery descriptor of "World's Best," and is accompanied by hints of a future battery upgrade. The new plan ...
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Tesla stock reaches record high, brushes $53 1366758000

Tesla Motors shares hit a record high Tuesday morning, reaching almost $53 a share in NASDAQ trading before leveling off slightly to about $51 as of late this afternoon Eastern time. Tesla touched $52.92 shortly after the markets opened on Tuesday. Shares for the company, which went public at $17 a share in June 2010, have jumped more than 50 percent ...
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Tesla's Elon Musk named one of Time's 100 most influential people 1366414980

Former vice presidential candidate Sarah Palin may have called Elon Musk's company a "loser" earlier this month, but Time magazine – not to mention Virgin Group chief Richard Branson – begs to differ. Musk, the Tesla Motors chief, made Time's list of the world's 100 most influential people, and it is Branson, who also founded the Virgin ...
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Tesla readying fleet of 80 Model S EVs to use as service loaners 1366230420

Fear not, Tesla drivers. When you take your Model S into the shop and need a loaner car, you'll get... another Model S. Tesla chief Elon Musk tells USA Today that the all-electric vehicle maker will set aside about 80 Model S vehicles specifically for customers who need to take their cars in for some work. And wait, there's more. Not only will Tesla make ...
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Tesla loses court battle with former exec, faces further class action 1366222440

The wheels of justice grind exceedingly slow and fine, but, if you're demonstrably in the right, and have (a lot) of patience and a capable lawyer, good things can happen. An example of this might be a particular David versus Goliath Tesla case that has just been resolved. David Vespremi, former director of communications for the California automaker (and ...
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Elon Musk: Tesla could go federal with franchise dealer fight 1366120860

Mr. Musk Goes to Washington? Jimmy Stewart references aside, that's the approach Tesla Motors chief Elon Musk may take in his crusade to get factory-owned dealerships legalized. Musk tells Automotive News that he may go to Congress in an attempt to take on the country's auto-dealer groups in order for his company to own all of its distribution channels. ...
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Tesla gains legal ground in New York dealer fight 1365886860

Tesla Motors gained a legal victory in its continuing efforts to expand sales across the US now that New York Supreme Court Justice Raymond J. Elliott III decided that local dealers will not be allowed to cite the Franchised Dealer Act as a reason to sue competitors, Automotive News reports. Tesla has been embroiled in a legal tussle in the Empire State ...
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Elon Musk hints a Texas plant could build Tesla pickup 1365781740

Tesla CEO Elon Musk was in Texas this week, fighting for his company's right to sell electric cars directly to consumers. He also hinted that Tesla might have big plans for Texas, if this one little law just goes his way. "I have this idea for a really advanced electric truck that has the performance of a sports car but actually more towing power and ...
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Tesla sends CEO to Texas to defend direct-to-customer electric vehicle sales 1365623100

Tesla is no stranger to strong resistance, shall we say, from auto dealers to its unusual method of selling the all-electric Model S in certain parts of the US. A lawsuit by the Massachusetts State Automobile Dealers Association was thrown out late last year, but it was later appealed. Tesla has also been sued in New York. The company has staunchly ...