Tesla was able to raise over $226 million in their initial IPO of 11 million shares.  Tesla, which will use the ticker symbol of TSLA, expected share price to come in at $14-16 per share but the initial interest in the stock drove the price up to over $17 per share.  In response Tesla plans [...]

Motor sports typically bring to mind powerful vehicles with furiously roaring engines leaving trails of sullied exhaust fumes swirling in the air. The Electric Vehicle Association of Washington, D.C., keeps the powerful vehicles motif, but leaves the roaring engines and exhaust fumes in the dust. The group hosted the ninth annual Power of D.C. E.V. [...]

The embarrassing-to-watch spitfight between electric car inventor Martin Eberhard and entrepreneur Elon Musk is finally over. Eberhard, whose battery-powered sports car was delayed by production problems and slammed by cost overruns, filed what seemed a pretty bitter lawsuit against Tesla this summer after he was ousted from the CEO role and replaced by Musk. TechCrunch [...]

The City of Palo Alto and Tesla Motors announced today that Tesla will develop and manufacture electric vehicle components in a renovated building in the Stanford Research Park in Palo Alto. Tesla, the only automaker that is already producing and selling highway-capable electric vehicles, will lease a 369,000-square-foot facility on a 23-acre parcel at 3500 [...]

It was hinted earlier that Tesla might join NUMMI in GMs absense.  Tesla needs a manufacturing plant somewhere in California to produce their Model S and the partnership with Toyota would make sense.  So would Tesla like to buy NUMMI and keep the lights on? That would mimic a move announced today, in which Tesla [...]

Premium electric car maker Tesla Motors announced Friday that it achieved achieved overall corporate profitability in July with approximately $1 million of earnings on revenue of $20 million. Tesla said profitability arose primarily from improved gross margin on the Roadster 2, the second iteration of Tesla’s all-electric sports car. The company is currently developing the [...]

Currently the only place you can buy a Tesla made vehicle is at a dealership in CA.  Today it appears that Tesla cars will be moving eastward.  Financing has been arranged for a new dealership to open in Chicago.  Cohen Financial approved the 1.8 million necessary for the dealership. The dealership will be housed in [...]

Daimler (maker of Mercedes) has recently publicly announced that they are partnering with Tesla Motors to make an EV.  The partnership must have been going on for quite some time because it has been announced that Mercedes will sport a gullwing EV in it’s lineup in the near future. Reports are that Diamler has been [...]

NUMMI stands for New United Motor Manufacturing Inc, it’s joint venture between Toyota and the old GM.  The partnership is over 25 years old.  Currently NUMMI produces the Toyota Matrix and the Pontiac Vibe.  But with Pontiac going away and GM going through bankruptcy the contract was up for grabs. GM could not find another [...]

Last fall congress approved a $25 billion loan to the automakers as part of their bailout. The loan is going to be dispersed through the department of energy and is to be directed towards vehicles that don’t use much gas. A natural pick for the loans is Tesla Motors since they build vehicles that use [...]