As announced in advance last month, Tesla Motors has become profitable for the first time in its 10 year history. Its profit for the quarter ending March 31 on $562 million in sales from delivery of 4,900 Model S sedans out of over 5,000 built was $11 million. Tesla also doubled its gross margin in
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A federal insider trading probe has recently been launched against Tesla Motors and Cardiovascular Systems Inc., a medical device company. Subpoenas were sent to executives at both companies by the U.S. attorney’s office for the Eastern District of New York requesting emails and documents related to a trading plan, according to the Wall Street Journal.
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In its continual efforts to do things automotive just a little bit differently – or very different – Tesla Motors announced today an optional new service loaner policy to enhance “peace of mind” for owners of its Model S. Should Model S customers need servicing for any issue, the $600 per year package entitles them
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In an expected move, the Massachusetts State Automobile Dealers Association Inc., and other plaintiffs, are appealing a dismissal of the association’s lawsuit against Tesla Motors, Inc. The dealers brought the suit against Tesla in October 2012 for allegedly violating state franchise law when Tesla opened one of its stores in a Natick, Mass., shopping mall.
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As Tesla grows, so does its need for a proper business infrastructure. With this in mind, the American EV company is opening a European Distribution Center in Tilburg, Netherlands. Qualified by Tesla as a key step toward beginning worldwide distribution of Model S, Tesla Motors announced that it will begin operations this month at this new European
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