Elon Musk has been nothing short of bullish on the prospects of his electric car company, Tesla Motors, though the legions of loyal fans may be even more optimistic than the pioneering CEO. One fan laid out an ambitious timeline for the electric automaker that by 2022 sees a market dominated by Tesla in every […]
Browsing the "Tesla Motors Model S" Tag
The epic rise of Tesla Motors seems almost impossible to believe. Yet just a year into production of its first original design, the Model S, Tesla Motors has managed to grab 8.4% of the U.S. luxury car market. No wonder Wall St. loves Tesla.
In 1984, GM and Toyota joined forces to open the NUMMI plant in Fremont, California, a state-of-the-art factory that built such memorable vehicles as the Toyota Matrix and Pontiac Vibe. Today though, the Fremont factory produces a truly futuristic vehicle, the Tesla Model S. The National Geographic series “Megafactories” takes a look inside this futuristic facility.
For Tesla Motors, 2012 has been a good year. Production of the Tesla Model S is rolling along, and for the first time ever Tesla actually turned a weekly profit. Yet despite all the accolades and benchmarks, Tesla is still a company that owes a lot of money to a lot of people, and some market analysts think the company will need a lot more money to stay afloat.
Right on time for a Christmas miracle, the shining star of the electric vehicle movement has perhaps what is the best news for EV owners and advocates all over the world. Last week, for the first time in almost a decade, the CEO of Tesla Motors Elon Musk tweeted that the electric car company had its first cash flow-positive week.
The more I hear about Tesla’s plans, the more certain its future seems. Then again, recent financial filings reveal that Tesla has to cut its revenue forecast due to the slow rollout of the Tesla Model S. Furthermore, some additional prying reveals that since its founding in 2003, Tesla Motors has lost a whopping $864.9 million.
Yet if you ask me, that ain’t too shabby. Read on to find out why.