Just a couple of weeks after car dealer groups failed to get the Ohio legislature to outlaw Tesla’s practice of selling cars directly to consumers, several dealers have filed a lawsuit in Franklin County that alleges violations of Ohio law and seeks to revoke Tesla’s license to sell new cars. In the suit, the dealers… Read more »
Search Results Found For: "Tesla"
California gives Tesla tax break on new machinery
The state of California has granted Tesla a $34.7-million tax break on a batch of new manufacturing equipment valued at around $415 million. California is one of the few states that taxes the purchase of manufacturing equipment, but it sometimes offers exemptions to clean-tech companies. Tesla received a similar deal in 2010 when it bought… Read more »
SolarCity’s new smart energy storage system uses battery technology from Tesla
To realize the full benefits of renewable energy, some form of energy storage is critical – this is one reason why EVs and renewables are complementary technologies. So it’s no surprise that SolarCity (Nasdaq: SCTY) has unveiled a smart energy storage system that was developed with battery technology from Tesla (Nasdaq: TSLA). SolarCity’s new DemandLogic… Read more »
Tesla wins Buckeye state battle as dealership war spreads
Ohio was the site of the latest battle in the war between Tesla and the auto dealers, and the subversives from Silicon Valley seem to have won the day. The Ohio Dealers Association got an anti-Tesla amendment added to Ohio Senate Bill 137 – an unrelated bill that requires drivers to change lanes when highway… Read more »
Tesla vs auto dealers: Model S test drive trumps campaign cash
In its battle with auto dealers across the nation, Tesla has begun deploying its own lobbyists to take on the dealer groups’ well-financed troops. At the same time, another tactic may be even more effective – letting lawmakers drive a Model S themselves. Letting the car speak for itself seems to have done the trick… Read more »
Tesla requests NHSTA investigation, confirms suspension update and amends warranty
(Updated 11/19/2013 – 11:10 am ET to include comments from NHTSA Administrator David Strickland) Tesla has taken a lot of heat since the third Model S fire in six weeks occurred earlier this month – the press pounced and the stock plummeted. Last week, Elon Musk reassured us that Tesla continues to build the safest cars… Read more »
Hot air and smoke abound as Tesla Model S fires spread to the media
The first fire was easily dismissed as an isolated incident. The second was rather comical, with a drunken driver sending his Tesla flying through the air and wrapping it around a tree, and a spicy video complete with a profane Spanish voiceover. The third Model S fire in six weeks seems more ominous, as the… Read more »
Plenty to like in Tesla quarterly report, but red ink causes stock to slide
Tesla’s earnings report for the third quarter of 2013, released Tuesday, told a tale of steady, if modest, progress on almost all fronts. The company delivered a record number of vehicles, increased its gross margins, increased its cash balance – and either earned or lost money, depending on how you’re counting. Just over 5,500 Model… Read more »
Panasonic and Tesla to expand supply of battery cells
Panasonic and Tesla have updated and expanded an existing agreement under which the Japanese giant supplies automotive-grade lithium-ion battery cells to the Silicon Valley trendsetter. The new arrangement calls for Panasonic to supply nearly two billion cells over the course of four years, both for Model S and the new Model X, which is scheduled… Read more »
NHTSA will not investigate Tesla Model S fire
Get ready for the conspiracy theories. The National Highway Traffic Safety Administration (NHTSA) said this week that it will not open a formal investigation into the battery fire that destroyed a Tesla Model S in Kent, Washington earlier this month. “After reviewing all available data, the National Highway Traffic Safety Administration has not found evidence… Read more »