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by Nova SAFO Agence France Presse CHICAGO, United States — Tesla on Monday became the second-largest United States car maker in terms of market capitalization, displacing Ford, whose sales lagged amid concerns about the ability of the US market to keep growing. Many major auto makers reported US sales declines in March compared to a year ago, but Tesla over the weekend said it saw a huge jump in vehicles delivered to consumers […]
SAN FRANCISCO, United States (AFP) — Tesla on Wednesday announced plans to raise $1.15 billion in new funding to help fuel production of a mass market-targeted Model 3 electric car set for release this year. Tesla said that it planned to offer $250 million in common stock and $750 million in convertible notes, with underwriters being given the option to buy an additional 15 percent of each offering. Tesla co-founder and chief executive Elon Musk […]
Los Angeles, United States | AFP | Electric carmaker Tesla has diversified into the alternative energy business, on Friday unveiling solar roofs for environmentally friendly homes. “Global warming is a serious crisis and we need to do something about that,” company founder Elon Musk said during a news conference at Universal Studios in Los Angeles. Musk noted that electric cars in the past “didn’t look good… They were like a golf cart,” but Tesla automobiles […]
THE HAGUE, Netherlands (AFP) – Dutch police closed a probe Friday into a fatal crash involving a Tesla, accepting the US electric car firm’s findings that the Model S sedan was not on auto-pilot when it smashed into a tree. Tesla said the driver — who was killed in the accident — was in control of the car which crashed at high speed near the central Dutch town of Baarn on Wednesday. Police spokeswoman Thalia […]
NEW YORK, United States (AFP)–Tesla Motors announced a bid Tuesday to acquire SolarCity and position the electric carmaker as a leader across the clean energy sphere. Under the all-stock deal, Tesla offered SolarCity between $26.50 and $28.50 a share, depending on a volume-weighted five-day average price of Tesla shares. SolarCity has a market capitalization of $2.1 billion and the Tesla offer amounts to about $2.7 billion. “We would be the world’s only vertically integrated energy company […]
by Glenn CHAPMAN SAN Francisco, United States (AFP) — Tesla is speeding the timeline for building half a million cars annually as it steps up production to meet growing demand for its electric vehicles. Hot demand for a new, more affordable Model 3 led the company to shave two years off its timeline for building a combined total of 500,000 vehicles, combining Model S, Model X, and Model 3, each year and make the new […]
MIAMI,United States (AFP) — SpaceX chief Elon Musk announced Wednesday that he will send an unmanned spaceship to Mars as early as 2018, as part of his quest to colonize the Red Planet some day. Few details of the plan were released by Musk, the Internet entrepreneur who rose to fame as the cofounder of PayPal and currently also runs Tesla Motors. “Planning to send Dragon to Mars as soon as 2018,” Musk announced on […]
(Reuters) – Tesla Motors gave a sneak preview Thursday (March 31) of its Model 3 sedan, saying more than 130,000 people had ordered the car, even though it is more than a year away from production. Tesla Chief Executive Elon Musk unveiled a prototype of the Model 3 in Hawthorne, California outside Los Angeles to hundreds of Tesla owners and the media, saying the vehicle will go into production in 2017 at a starting […]
(Reuters) – Electric carmaker Tesla Motors Inc TSLA.O said on Friday it had boosted warranty coverage on its Model S sedan, a week after an influential U.S. consumer magazine highlighted problems with the $70,000-plus vehicle. Tesla announced that the drive unit warranty on the Model S has been increased to match that of the battery pack, bringing its coverage to eight years and “infinite” miles. The warranty extension will apply retroactively to all Model S […]
