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Tesla Motors Inc. shares have shifted into high gear Monday, reported The WSJ. The stock is having its best day in five months, up as much as 8.8%, after the electric-car company reported Friday that first-quarter vehicle deliveries came in stronger than expected. Stock markets were closed Friday in observance of Good Friday, so shares ... Read More »
Read More →ATLANTA — A subcommittee of the House Motor Vehicles Committee voted March 4 to table House Bill 393, which would have allowed Tesla to continue selling its electric vehicles directly to Georgia’s residents. The state’s dealers were behind the move to freeze the bill, The Atlanta Journal-Constitution reports. Georgia law typically prohibits manufacturers from selling ... Read More »
Read More →DETROIT – Tesla Motors reported a loss of $74.6 million in the third quarter, compared with a loss of $38.5 million in the same period of 2013, reported MLive. The Palo Alto, Calif.-based electric car maker blamed the larger loss on higher R&D costs and challenges related to a production overhaul for its Model S ... Read More »
Read More →LANSING, Mich. — Michigan Governor Rick Snyder signed into law on Tuesday legislation that adds tighter restrictions on direct-to-consumer vehicle sales. The move effectively bans Tesla Motors from selling vehicles in the state. Introduced in May, House Bill 5606 originally focused on prohibiting auto manufacturers from dictating what fees a franchised dealer can charge customers. ... Read More »
Read More →Tesla Motors Inc. plans to offer hands-free highway driving in its Model S electric sedans in 2015, putting it as much as a year ahead of other luxury brands in offering autopilot functions in automobiles, according to people familiar with the company’s plans, reported The Wall Street Journal. Other auto makers, including General Motors Co. ... Read More »
Read More →Tesla Motors Inc said its second-quarter loss increased to $62 million, or 50 cents a share, from a $31 million loss a year ago as the company ramped up spending to develop its second electric vehicle, added workers and expanded into China, reported The Wall Street Journal. Tesla said it delivered 7,579 Model S vehicles ... Read More »
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