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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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Norway takes a gamble on electric cars: Are the odds any good?
TransportNorway’s buzzing little market for pure electric cars has in its very success shown the severe drawbacks to a model that relies on public subsidies worth as much as $8,200 per car, every year. Car makers like Nissan, Mitsubishi, Peugeot Citroen and Tesla Motors see Norway and its 10,000 battery-powered vehicles as a reason for [...]
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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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Why Tesla’s electric cars have a long way to go — if their charge makes it
TransportHaving established a fast-charging foothold in California for its electric cars, Tesla Motors has brought its formula east, opening two ultrafast charging stations in December that would, in theory, allow a speedy electric-car road trip between here and Boston. But as I discovered on a recent test drive of the company’s high-performance Model S sedan, [...]
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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 [...]
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Tesla needs funds fast so it’s preparing for a third stock offering
TransportElectric car maker Tesla Motors needs money — soon — to continue developing its cars, building its Superchargers and expanding its retail outlets. It plans to publicly sell shares that could bring in up to $221 million. Another indicator that Tesla needs considerable funds in the short term: Tesla asked its first several thousand customers [...]
