The advent of the electric car is upon us, but despite implications to the contrary, don’t look to Uncle Sam to be as much of a direct driver of this anticipated paradigm shift as some may have previously supposed. In other quarters, there has been much talk of automakers needing to develop electrified cars to
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On Tuesday, speaking at a shareholders’ meeting in Mountain View, Calif., Tesla CEO and co-founder Elon Musk said 2016 is the year to watch for an electric car costing half what an entry level Model S does, and with 200 miles range. “A significant improvement in technology is needed to have a compelling affordable electric
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Yesterday during a live blog interview, Tesla CEO and co-founder Elon Musk pre-announced the broad brush picture of what the company plans to hold a call-in press conference for later today: it will triple its Supercharger network making coast-to–coast travel possible in a Model S. “OK, I might as well let the cat out of
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As Tesla’s $10 billion market valuation soared past that of Fiat SpA at the end of last quarter, the company has the attention of investors, but of value to actual car drivers is Tesla aims to strip Nissan’s Leaf of any perceived market superiority. A sub-$40,000 Tesla electric car with 200 miles range, said CEO
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Tesla Motors announced yesterday, May 22, that it has paid off the entire loan awarded to the company by the Department of Energy in 2010. In addition to payments made in 2012 and Q1 2013, Tesla said May 22′s wire of almost half a billion dollars ($451.8M) repays the full loan facility with interest. According
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Tesla has hired Aston Martin’s Chief Engineer of Vehicle Engineering, Chris Porritt, to be its Vice President of Vehicle Engineering. Tesla said Chris is a world-class leader and automotive engineer who established Aston Martin’s Vehicle Engineering team from the ground up and used his innovative approach as Chief Engineer for Aston Martin’s One-77 supercar. The
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Tesla Motors announced today that it is raising the Model S resale value guarantee. Tesla said this makes it the highest resale value of any premium sedan brand made in volume (excludes rare, low volume or limited edition vehicles). Buying a Model S through the Tesla financing offering now comes with a guarantee that the
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In the month by month sales performance chronicle of the two electrified cars both launched December 2010, April’s results saw Nissan selling 1,937 Leafs and Chevrolet delivered 1,306 Volts. The cars are only similar; the Leaf is all-electric and the Volt is “extended-range electric,” but we’re keeping the informal progress report going, even though GM
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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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Tesla’s sales distribution model of selling cars directly through stores rather than through the traditional dealership model seems to be well seen in Texas; or at least well seen by business readers of the Austin Business Journal. A readers poll conducted by the Austin Business Journal shows that 86 percent of respondents favor direct-to-consumer sales
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