[UPDATED 11/25/14 2:00 PM EST to correct mistranslated quotes and include Tesla’s response.] In an interview with the German weekly Der Spiegel, Elon Musk said that the German auto industry should devote “much more energy to the development of batteries,” perhaps an allusion to Daimler’s recent decision to shut down Germany’s only cell manufacturing facility. He… Read more »
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The inside story of how Nevada won the Tesla Gigafactory site
Outsiders to the auto industry they may be, but Elon Musk and his merry band of Teslanauts are masters at working the system to get what they want. A recent article in Fortune tells the tale of how Tesla skillfully played the state tax-incentive game, and scored a sweet deal on its Gigafactory site in… Read more »
Tesla describes details of factory upgrade
Tesla has released a blog post and video with some details about what was accomplished during the recent factory shutdown. The main goal was to increase capacity – Tesla expects to build about 35,000 cars this year, and to scale that up to 50,000 per year by the end of 2015. During the production pause,… Read more »
Tesla third-quarter results: record deliveries of Model S, another delay for Model X
Tesla’s third-quarter shareholder letter was a mixed bag: profits are up, but mainly due to sales of California ZEV credits; Model S deliveries are right on track; and the Model X will be delayed once again. Tesla reported a small third-quarter profit of $3 million, using non-GAAP figures, which include healthy sales of Zero Emission… Read more »
Tesla in China: major incentive in Shanghai, online sales on Alibaba
Tesla has scored what could be a major sales boost in China. Shanghai’s municipal government has ruled that Model S buyers will be exempt from the $12,000 registration fee required to obtain license plates. A city official told Bloomberg (via Green Car Reports) that 400 Tesla buyers have already received the free plates. Like many large Chinese… Read more »
Every inch an EV: Tesla’s Model S redefines the automobile (new book excerpt)
This article is an excerpt from Tesla Motors: How Elon Musk and Company Made Electric Cars Cool, and Sparked the Next Tech Revolution by Charged Senior Editor Charles Morris. This 270-page book is a comprehensive history of Tesla, told by the entrepreneurs who made it happen, as well as an assessment of the company’s lasting influence… Read more »
Tesla VP: Model 3 may come in several body styles
Tesla VP for Engineering Chris Porritt chatted with the British news outlet Auto Express this week about the company’s eagerly-awaited Model 3. He made no major revelations, but hinted that the game-changing automobile might be offered in several body styles, something that could attract a broader range of buyers. “We don’t know what type of… Read more »
Automakers say they plan to go head-to-head with Tesla
Lately it seems that almost every EV-related headline has to include a reference to Tesla, however tenuous. However, there may be some substance to this week’s news, as four major automakers have at least hinted at plans to directly challenge Tesla with new high-end EV models. In a recent conference call with Wall Street analysts,… Read more »
Daimler sells stake in Tesla for $780 million in cash
Daimler has reorganized its financial relationship with Tesla, selling its 4% stake in the California carmaker. The cooperation between the partners on the Mercedes-Benz B-Class Electric Drive is unaffected. “We are extremely satisfied with the development of our investment in Tesla, but it is not necessary for our partnership and cooperation,” said Daimler Board Member… Read more »
Michigan legislature passes anti-Tesla bill
Michigan is the latest state to try to put a spoke in Tesla’s wheel. Legislation that would prevent the company from directly selling its EVs has passed both of the state’s legislative chambers and has been sent to Republican Governor Rick Snyder. “Right now the governor’s office is evaluating the bill, and there has not… Read more »