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Electric car maker Tesla pays off U.S. government loan a decade early
TransportCall it Elon Unchained. With the early repayment yesterday of Tesla Motors Inc.’s loan from the U.S. Energy Department, Chief Executive Officer Elon Musk is free to run the electric-car maker for the benefit of himself and other shareholders. As a co-founder of PayPal, CEO of rocket maker Space Exploration Technologies Corp. and chairman of [...]
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Tesla scores first quarterly profit, despite New York Times’ mean review
TransportSales of Tesla Motors‘ Model S electric sedan have exceeded the target that the Palo Alto, Calif.-based automaker set in February, giving it enough of a boost to claim its first quarterly profit. Tesla has sold 4,750 Model S cars or about 250 more than the February target. The better than expected sales allowed Tesla [...]
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Tesla’s losses widen despite increase in car sales
TransportTesla Motors Inc., the maker of electric cars run by billionaire Elon Musk, said its fourth- quarter net loss widened even as sales of its battery-powered Model S sedans increased. The fourth-quarter net loss widened to $89.9 million, from $81.5 million a year ago, Palo Alto, California-based Tesla said in a statement on its website [...]
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Elon Musk to Boeing: Don’t squeeze the batteries so hard
TransportAbout two weeks ago, spaceship-and-electric car-maker Elon Musk (pictured above) got in touch with Boeing, whose 787 Dreamliners are grounded because of smoke and fire problems with their powerful lithium-iron batteries. His team had figured out how to tightly pack such batteries into both space-going and earthly vehicles. He was happy to pass along lessons learned. Boeing replied that [...]
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Tesla’s Elon Musk says that he’s ready to help Boeing fix its very big battery problem
TransportElon Musk has long considered Tesla Motors Inc the bold, nimble answer to the auto industry’s cautious culture. Now the electric car maker’s top executive has extended his help to another industrial giant: Boeing Co. In a Jan. 26 message on Twitter, Musk said he was in talks with the chief engineer of Boeing’s 787 [...]
