Electric carmaker Tesla Motors Corp's initial public offering zoomed ahead on Tuesday with shares rallying more than 40 percent as investors bet that electric cars would define the future of transportation.
Shares of electric carmaker Tesla Motors Inc opened nearly 12 percent above their initial public offering price on Tuesday as investors bet that electric cars would define the future of transportation.
Elon Musk, the chief executive and major investor behind Tesla Motors Inc, has sometimes taunted U.S. automakers, painting his fledgling company as everything Detroit would like to be if it could start over: cooler, greener and ensconced in a much better neighborhood.
Shares of electric carmaker Tesla Motors Inc opened nearly 12 percent above their initial public offering price on Tuesday as investors bet that electric cars would define the future of transportation.
Tesla Motors Inc's founder said his company could be profitable if it continued to make pricey sports cars, but is instead forgoing income to build a car aimed at mass-market commuters.
Electric carmaker Tesla Motors raised the number of shares it will sell in its initial public offering by 20 percent, an early sign that investor interest in the startup is strong.
Electric carmaker Tesla Motors said on Wednesday it does not expect the contentious divorce of its chief executive, Elon Musk, to affect its plans to list its shares and does not rely on him to provide further funding.
Toyota Motor Corp said it would take a $50 million stake in U.S. electric carmaker Tesla Motors, a move that gives the Japanese automaker a chance to repair its dented public image and vaults the California start-up on to the world stage.
Toyota Motor Corp said it would take a $50 million stake in U.S. electric carmaker Tesla Motors, a move that gives the Japanese automaker a chance to repair its dented public image and vaults the California start-up on to the world stage.
China's largest e-commerce firm Alibaba.com said it will offer e-payment services on its new online commerce platform from eBay's PayPal, in the first such tie-up between the former arch-rivals.
U.S. electric sports car maker Tesla Motors plans to go public soon, two sources familiar with the matter said, amid growing interest in green technology and battery-powered vehicles.
U.S. electric sports car maker Tesla Motors plans to go public soon, two sources familiar with the matter said, amid growing interest in green technology and battery-powered vehicles.
Electric car manufacturer Tesla Motors and a former executive have settled a legal dispute that stemmed from the company's early struggles to launch a battery-powered sports car, the company said on Monday.
A Judge from the San Mateo County Superior Court struck down a request from Martin Eberhard, former chief executive officer of Tesla Motors, to be declared one of only two founders of the electric car maker, according to a statement from Tesla Motors Wednesday night.
Tesla Motors Chief Executive Elon Musk said on Tuesday that he will remain in the company's top job at least through the 2011 launch of its second model, an electric sedan known as the Model S.
Electric car start-up Tesla Motors Inc has slashed production costs for its flagship Roadster sports car by 43 percent to about $80,000 per vehicle as of June, its chief executive said on Monday.
The co-founder and former chief executive of Tesla Motors sued the company and its current CEO Elon Musk for libel, slander and breach of contract but the company says the lawsuit is fictionalized and inaccurate.
Tesla Motors will open seven new sales and service centers by the end of June in the U.S. and Europe, the all-electric car manufacturer said today.
German automaker Daimler AG acquired an equity stake of nearly 10 percent of Tesla Motors Inc. the San Carlos California- based manufacturer of all electric vehicles, the companies announced Tuesday.
Elon Musk, the Chief Executive of electric automaker Tesla Motors said Tuesday that General Motors should have continued introducing new electric cars after its EV1 models were produced in the 1990s, adding that he hopes that his company’s cars will help spur an electric car revolution.
Tesla's Chief Executive Officer Elon Musk and the all-electric Model S are scheduled to appear on The Late Show with David Letterman on April 29.
Tesla Motors, Inc. announced Thursday that it has taken more than 500 orders for its all electric sedan Model S since the car was launched on March 26.
