Tesla Model S News

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By Nick Chambers ·
March 31, 2011

Morgan Stanley Says Electric Cars Set to Surge, Tesla Stock Surges Too

Citing skyrocketing oil prices and new government policies, investment banking powerhouse Morgan Stanley has released a 50-page manifesto in which company analyst Adam Jonas writes, "conditions are ripe for a shake-up of a complacent, century-old industry," and that Tesla will turn the Big Three into the Big Four American automakers.

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By Brad Berman ·
March 07, 2011

Tesla Offers Details about Model S Introduction

Last week, George Blankenship, Tesla's Sales VP, sent a letter to Model S reservation holders to provide an update on delivery, and pricing around battery options. Here are the highlights, straight from the source, and grabbed from the Tesla blog. According to the letter, the first deliveries (with the 300-mile battery pack) are a little more than a year away. Off and running.

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By Nick Chambers ·
February 17, 2011

Tesla's 2010 Losses Widen Amid Preparation for Release of Model S

Tesla may still be burning through cash at a breakneck pace, but that didn't stop the company from predicting up to 50% growth in revenue for 2011. The company ended the 4th quarter 2010 with a loss of $51.4 million dollars, compared to a loss of $23.2 in the 4th quarter a year earlier, but reported that revenue for 2010 was $116.7 million, up from $111.9 in 2009.

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By Nick Chambers ·
January 20, 2011

Tesla Will Unveil Electric SUV in 2011 and a $30K Electric Car in 2015

Talk is cheap, and Tesla's CEO Elon Musk is using it to make some pretty bold claims about the future of the company. At the Cleantech Investor Summit in Palm Springs, California, yesterday, Musk told a crowd that Tesla would be unveiling their own electric SUV—the Model X—later this year. As a bit of icing on the talk cake, Musk also said that they were on track to sell a $30,000 Tesla vehicle within four years.

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By Nick Chambers ·
January 06, 2011

Video: Tesla Model S "Alpha" Prototype Previewed; Coming to Detroit

Tesla has come out today with a series of three videos highlighting various innovative aspects of the Model S "alpha" that we brought you rumors of yesterday. Plus, according to reports Tesla has three alphas built and will be showing one off at the Detroit Auto Show next week.

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By Nick Chambers ·
January 05, 2011

Tesla Says Model S Will Be Profitable As Rumor Flies That "Alpha" Prototype is Finished

Tesla Motors has been on a bit of a roller coaster recently. With their stock price jumping all over the place and a big push to get the upcoming Model S out the door, supporters and investors are now looking to Tesla to get things done and produce some real results—including becoming a profitable venture, something the company's been lacking since it was founded.

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By Zach McDonald ·
December 28, 2010

Tesla Stock Drops 15 Percent

Tesla stock dropped 15 percent Monday to $25.55 per share. Analysts blamed the decline on the end of a six-month lock on IPO shares, which allowed early investors to cash in for a healthy profit on the stock. Since going public in June, Tesla has gained nearly 40 percent—briefly trading for double its IPO price late last month—buoyed by growing relationships with Panasonic and Toyota.

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By John Gartner ·
December 20, 2010

Tesla Motors Staying the Course With Model S

Tesla Motors will continue to use its existing battery technology with the upcoming Model S. According to Kurt Kelty, the company’s director of battery technology, the Model S, which is aimed at a more mainstream consumer than the Roadster, will use the same types of small 18650 cells originally currently used in the Roadster. The company is evaluating other types of batteries like prismatic and pouch format batteries used by its competitors, but for now is happy with the performance delivered by its current suppliers.

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By Zach McDonald ·
November 08, 2010

Does Panasonic's Tesla Investment Signify the Birth of a Three-Headed Monster?

Panasonic announced yesterday that it will broaden its ties with Tesla, buying a 2 percent share in the company at a cost of $30 million. Though the deal isn't earth-shattering in size, it has drawn new attention to an emerging green car alliance between two of the world's largest corporations and a young EV startup that has sold just 1,300 vehicles in its seven-year history.

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By Zach McDonald ·
October 28, 2010

Musk Opens Model S Facility, Talks Model X

In a ceremony yesterday attended by California Sen. Dianne Feinstein, Tesla CEO Elon Musk officially opened the factory that will be the birthplace of thousands of Model S sedans per year. After raising the curtain on the plant's new signage Musk huddled with a few members of the assembled media and discussed Tesla's planned Model X electric SUV, the Model S's battery technology, and the Chevy Volt, which the outspoken CEO took the opportunity to both chide and take credit for.

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