Tesla Motors has another bit of good news: it is ahead of its goal to produce 400 Model S vehicles a week, according to Tesla CEO Elon Musk. The numbers come at a good time for Tesla, which is set to debut its Model S in Europe in the next few months.
Having paid off its federal loan, Tesla Motors could technically put it up for sale, according to a report in Bloomberg. The electric car company might seem a good fit for a deep-pocketed tech giant like Google, but Tesla chief executive Elon Musk has suggested he has no intention of selling the company.
Tesla will allow drivers to fully charge their car battery in just 90 seconds for $60 to $80. The first battery swaps, slated to be in service later this year, will be available between Los Angeles and San Francisco.
Electric carmaker Tesla Motors debuts its much anticipated 'battery-swapping' technology, upending preconceived notions about energy and transportation. Can electric cars that 'recharge' in 90 seconds finally break through the public skepticism that has dogged the industry?
Tesla recall involves a limited number of Model S vehicles for an issue with the back-seat mounting. This is the first recall for Tesla's new Model S, and its handling of the issue is an opportunity for the nascent company to build its reputation for transparency and customer service.
Tesla $465 million loan was used to build two California plants. Raking in some $1 billion by selling stock and debt last week, Tesla says it's saving interest charges by paying back $465 million loan ahead of schedule.
Tesla Motors has set its sights on 'battery-swapping' technology. In theory, that would mean drivers of Tesla Motors cars could recharge faster than the time it takes to fill up a tank of gas. It's a bit of a holy grail for an electric car industry eager to overcome 'range anxiety.'
Tesla Motors announced Wednesday it would issue up to 2.7 million to 3.1 million more shares of its common stock, Voelcker writes. Tesla Motors plans to use the proceeds of the offering to prepay the remainder of its $465 million low-interest loan from the US Department of Energy.
Tesla Motors has discussed battery swapping as part of the Model S electric car design at least since 2009, Fisher writes. Last week, Tesla Motors the company was planning to introduce features that allow for the rapid replacement of depleted battery packs.