Elon Musk

Musk takes page from PayPal with Tesla Model S referral offer

7:06 am U.S. ET | Aug. 28, 2015

Elon Musk reached back to his days at PayPal for Tesla's first-ever incentive offer. Anyone who orders a new Model S sedan before Oct. 31 using the referral link of a current owner will get $1,000 off the purchase price, under the program announced July 29....
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Mobility for Tesla? Musk isn't saying -- or is he?

12:01 am U.S. ET | Aug. 24, 2015

What's behind that eye-popping new share price outlook Morgan Stanley analyst Adam Jonas put on Tesla? Bloomberg reports that the key reason for raising the target to $465 from $280 (the stock closed at $255.25 on Aug. 19) is currently at about $243) is what Jonas calls “Tesla Mobility, an app-based, on-demand mobility service.”...
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JASON STEIN

Tesla strikes again at Pebble Beach

12:01 am U.S. ET | Aug. 24, 2015

If there is one constant as of late at the 65-year-old Pebble Beach Concours d'Elegance it is this: Everyone wants to talk about Tesla....
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Tesla revamps retail stores, adds apparel, gear

12:01 am U.S. ET | Aug. 22, 2015

Tesla Motors is launching a wholesale revamp of its stores worldwide as the electric-car company prepares to introduce the Model X, its first SUV. The effort is largely devoted to telling the Tesla story, critical for a young company selling a product that remains mysterious -- and intimidating -- to most drivers....
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Tesla stock sale raises $738 million

6:05 pm U.S. ET | Aug. 19, 2015

Tesla said the underwriters of its secondary stock sale exercised their option for additional shares, boosting the proceeds to an estimated $738.3 million. The EV maker sold 3.1 million shares at $242, providing a cash cushion as it prepares to begin deliveries of its Model X SUV....
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Tesla stock price predicted to nearly double, Morgan Stanley says

1:49 pm U.S. ET | Aug. 17, 2015

Forget about a mere 15 percent increase in stock value -- how about a 90 percent one? That's how bullish Morgan Stanley analyst Adam Jonas is on Tesla....
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Tesla raises share offering to $642.5 million

7:10 am U.S. ET | Aug. 14, 2015

Electric automaker Tesla Motors said today it was looking to raise about $642.5 million through a share sale, above the $500 million it announced on Thursday....
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Tesla seeks to raise about $500 million through share sale

7:18 am U.S. ET | Aug. 13, 2015

Tesla Motors plans to raise about $500 million through the sale of 2.1 million shares. CEO Elon Musk has indicated an interest in buying nearly 84,000 shares for about $20 million in the offering, the company said today....
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NEWS ANALYSIS

Tesla burns cash, loses more than $4,000 on every car sold

7:58 am U.S. ET | Aug. 9, 2015

It's crunch time for Tesla. The automaker is losing more than $4,000 on every Model S electric sedan it sells, using its reckoning of operating losses, and it burned $359 million in cash last quarter in a bull market for luxury vehicles. The company on Wednesday cut its production targets for this year and next....
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Tesla sets Q2 sales record, but losses grow

5:30 pm U.S. ET | Aug. 5, 2015

With the first deliveries of its Model X less than two months away, Tesla's net loss nearly tripled to $184 million in the second quarter, underscoring how crucial the rollout of the crossover is for the electric-vehicle maker....
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Tesla offers $1,000 referral incentive on Model S

4:09 pm U.S. ET | July 29, 2015

Tesla, testing the power of viral marketing to sell its EVs, will offer a word-of-mouth discount on the Model S through the end of October, with both referrer and buyer receiving $1,000....
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Tesla Model S gets 'Ludicrous'

12:01 am U.S. ET | July 20, 2015

The electric-vehicle maker, channeling one of the more absurd moments of the Mel Brooks comedy Spaceballs, announced a $10,000 option on its newest Model S variant that runs from 0 to 60 mph in a face-stretching 2.8 seconds -- a feature Tesla calls "Ludicrous Mode."...
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Tesla Model S option offers 'Ludicrous' 0-to-60 time of 2.8 seconds

3:04 pm U.S. ET | July 17, 2015

Tesla Motors, channeling a moment from the Mel Brooks comedy “Spaceballs,” announced a $10,000 option on its newest Model S variant that runs zero to 60 in a face-stretching 2.8 seconds -- a feature Tesla calls "Ludicrous Mode." That compares with 3.2 seconds for the "Insane Mode" setting on its previous high-end model....
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Tesla to sell Model X in China in first half of 2016

10:23 am U.S. ET | July 16, 2015

Tesla Motors expects to start selling its Model X SUV in China in the first half of next year after first introducing it in the U.S. this quarter....
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Rich Russians beg Tesla to sell them 'IPhone on wheels'

6:54 am U.S. ET | July 7, 2015

Almost 100,000 Russians follow Elon Musk's social media page, yet the Tesla founder seems to be promoting his dream car everywhere but here, forcing enthusiasts to go to great lengths -- and expense -- to own one....
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Jaguar r&d chief shuns driverless cars; says customers aren't 'cargo'

June 26, 2015 06:01 CET

Jaguar Land Rover will never make a driverless car, r&d boss Wolfgang Epple said. “We don't consider customers cargo. We don't want to build a robot that delivers the cargo from A to B,” he added....
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GM readies wireless downloads of new features

12:11 am U.S. ET | June 25, 2015

GM is preparing to roll out vehicle technology that allows new features to be downloaded wirelessly, the company's head of global product development says. Under the new electrical architecture, called "Global B," much of a vehicle's computer power will migrate to the mobile internet, or cloud....
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GABE NELSON

BLOG: Tesla sours on swappable batteries

4:03 pm U.S. ET | June 10, 2015

When it unveiled the Model S, Tesla Motors Inc. crowed about its fast-swapping technology, demonstrating in 2013 that a depleted battery could be swapped for a fresh one in minutes. Later, it built a swap station in Harris Ranch, Calif., halfway between Los Angeles and San Francisco, to test the technology....
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Musk asked to make Tesla animal friendly

7:18 am U.S. ET | June 10, 2015

Tesla's Model S sedan already ditched gasoline. Now two shareholders from Texas want the electric-car maker to stop using animal products as well....
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Tesla Model X deliveries will start in 3-4 months, CEO says

June 10, 2015 09:34 CET

Tesla will begin deliveries of the Model X SUV in three to four months, keeping close to the timeline the electric carmaker laid out earlier this year, CEO Elon Musk said....
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Tesla Model X deliveries to start in 3-4 months

7:34 pm U.S. ET | June 9, 2015

Tesla will begin deliveries of the Model X sport utility vehicle in three to four months, keeping close to the timeline the electric-car maker laid out earlier this year, CEO Elon Musk told shareholders Tuesday....
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Book offers tasty tidbits on Tesla CEO

12:01 am U.S. ET | May 18, 2015

Elon Musk: Tesla, SpaceX, and the Quest for a Fantastic Future, a new book by Businessweek reporter Ashlee Vance, is getting plenty of buzz - mainly due to its morsels about the Tesla CEO's personal style....
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'Nutty' demand has Tesla rethinking battery market

12:01 am U.S. ET | May 11, 2015

Musk says Tesla's stationary batteries may need twice as many battery cells as its cars, signaling that Tesla may not be a car company forever....
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Marchionne says he met with Tesla, Apple CEOs

May 10, 2015 11:36 CET

Fiat Chrysler CEO Sergio Marchionne said he had visited the heads of Tesla and Apple during a trip to California. Apple is said to be considering a move into the auto sector with an electric self-driving car....
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Tesla losses triple ahead of Model X intro

5:45 pm U.S. ET | May 6, 2015

Tesla's first-quarter net losses more than tripled to $154 million as the automaker awaited the launch of the Model X crossover. Tesla expects to make 12,500 vehicles in the second quarter and deliver 10,000 to 11,000 to customers....
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