The factory could cost as much as $5 billion to build, employ up to 6,500 people in three states and cut battery costs by 30 percent.
The company will build a network of charging stations in China to support owners of Tesla vehicles.
The father-daughter duo left from New York and headed to Los Angeles.
Tesla currently has 41 functioning fast-charging stations in the U.S. that Model S owners can use for free.
Toyota unveils a more developed version of its hydrogen fuel cell car that it wants on the road by 2015.
Is Tesla's drop merely U.S. debt-ceiling jitters or is a correction underway?
During the annual Tesla Motors stockholders meeting, Tesla CEO Elon Musk announced the cheaper Gen III electric sedan for a late 2016 launch.
The SP:01's features are very similar to its rival's, but now drivers have a choice.
The privately held company, aiming to have an electric vehicle available by 2017, has landed a contract with the Renault-Nissan Alliance.
Tesla's Model X prototype SUV is eye candy, but it goes sour when considering range, price and lack of places to plug in.
Green machines dominate, but Toyota is the only one who brought its hydrogen fuel cell concept car to the expo.
More than 50 models will make their debuts as the world's automakers converge on Detroit for the North American International Auto Show.
General Motors Company (NYSE: GM) may be losing money on the Chevy Volt at present, but the long-term benefits of early R&D in electric vehicles, improvements to brand image and improving sales volumes should ultimately make it a wise decision for the company.
Growing global demand for electric cars could drive demand for lithium up by as much as 20 percent per year, benefiting chemical and mining companies such as the FMC Corp. (NYSE: FMC), Rio Tinto PLC (NYSE: RIO) and Rockwood Holdings Inc. (NYSE: ROC), according to Standard & Poor's Capital IQ.
Each week, we pick the biggest, most dramatic, or most interesting winners and losers in money and business. Our picks for Aug. 19-24 include the Federal Reserve Bank of New York and Eli Lilly & Co. on one side, and ZeekRewards and Best Buy Co. Inc. on the other side.
General Motors Company (NYSE: GM) talked some smack at Dutch carmaker Spyker N.V. following its Monday announcement that it would sue GM for $3 billion over the bankruptcy of Saab Automobile AB.
Like a bad case of herpes, the bankrupt Swedish automaker Saab Automobile AB just keeps flaring up in General Motors Company's (NYSE: GM) private dealings. Dutch supercar company Spyker N.V. announced Monday it was suing General Motors for $3 billion in damages on account of alleged interference in a 2011 transaction between Spyker (which owned Saab) and Chinese investor Youngman, a deal which Spyker alleges would have saved Saab if it had been successful.
The collection of new Saab Automobile AB 9-3, 9-4 and 9-5 cars that have been languishing in U.S. ports following the company's bankruptcy will be liquidated at auction beginning on June 28 with a lot in Newark, N.J.
We are living at the end of an era, during the swan song of greatness, the twilight years of a golden age, the last days of the great supercars, ultra-high horsepower paeans to driving: the Bugatti Veyron, Pagani Huayra, McLaren MP4-12C, Lamborghini Aventador, Ferrari F12 Berlinetta. They may all soon be replaced by electric cars and hybrids.
Details of the fate of bankrupt Swedish carmaker Saab Automobile AB continue to emerge following the June 7 news that the company had been purchased by a Sino-Japanese joint venture National Electric Vehicle Sweden AB, or NEVS. NEVS plans to use Saab to produce electric cars, the consortium announced Friday.
Sales of the Chevrolet Volt Hybrid-Electric Vehicle (HEV) have experienced a resurgence in California following tweaks that now allow the car from General Motors Company (NYSE: GM) to qualify for High Occupancy Vehicle (HOV) lane access.
Sino-Japanese joint venture National Electric Vehicle Sweden AB (NEVS) has paid a paltry 1.5 billion to 1.8 billion kronor ($210 to $250 million) for defunct Swedish carmaker Saab Automobile AB.