The Initial Public Offering (IPO) for electric car start-up Tesla Motors is scheduled for tomorrow June 29th. The company will put 13.3 million shares of stock on sale to the public in order to raise some much needed cash. Tesla shares are expected to open between a range of $14 to $16, at which price the [...]
Posts Tagged ‘Tesla’
Tesla Secures $465 Million Loan for Its Electric Model S Sedan
June 24th, 2009
Justin Manger The U.S. Department of Energy announced yesterday that Ford Motor Company, Nissan Motors, and Tesla Motors will be getting the first three of many loans to be used for advanced technology automobiles. According to the press release, the “$8 billion in conditional loan commitments for the development of innovative, advanced vehicle technologies that will create [...]
Mission One Motorcycles: A Fully Electric Ride
May 30th, 2009
Eric Wilson Industrial designer Yves Behar and engineer Forrest North came together to develop the Mission One, a fully electric motorcycle that travels twice as far on a single charge as current options on the market. While it is still in the development stages, the two gave a brief introduction (shown below) to their invention at a [...]
Tesla Starts Taking Reservations for Their S Sedan
April 2nd, 2009
Justin Manger As mentioned on TechCrunch, the all electric Tesla S Sedan will soon come to market. The company has started taking reservations, lining up 520 potential buyers in one week. In order to reserve the car, each customer must pay a $5,000 fee, with deliveries starting in 2011. If you’re interested in getting one, you can [...]
LA Times Reviews the Honda Clarity
February 13th, 2009
Eric Wilson Dan Neil, car reviewer for the Los Angeles Times, wrote an article about the Honda FCX Clarity which landed on the front page of today’s Business section. Titled, “Honda FCX Clarity has everything but a future”, Neil proceeds to praise the styling, innovation and feel of the car, while claiming that the energy and capital [...]
Tesla Update
February 11th, 2009
Justin Manger $350 Million in Government Grants; Sedan by 2011 Tesla Motors, the California company behind the buzz-worthy all-electric $100,000 Tesla Roadster, said today that it expects to receive $350 million in government loans within the next 5 months. The money would go to build a factory to produce the Model S sedan, which would debut in [...]
The Promise of Electric Cars
January 27th, 2009
Justin Manger The Tesla Roadster is a beautiful car. It turns heads, drops jaws, handles well, and packs serious punch. It’s not a gas-guzzling sportscar but an all-electric roadster that uses no gasoline. While rumors may fly about what the secret start-up EEStor is doing with its batteries, there is no doubt that Tesla Motors has delivered [...]
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