Last week the car-blogging world was all aflutter over news that a Tesla Model S caught fire after it collided with a still-unspecified piece of road debris that punched a 3-inch hole in the electric car’s battery. The owner of the crispy Tesla has come forward to say that he was impressed enough with the […]
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Yesterday morning a Tesla Model S caught fire outside of Seattle, and reports now seem to indicate that after hitting debris in the road, a fire broke out in the electric sedan’s battery pack.
Some people will do anything to make a buck, and trademark squatting is one way to make fast and easy money. Zhan Baosheng thought he could fleece Tesla Motors for $32 million by trademarking the “Tesla” name, so rather than pay up, Tesla will simply go by another name in China; “Tuosule”, the transliteration of the Tesla name in a dialect native to Hong Kong.
Over in China, companies are vying to get their names and products to consumers in the fastest-growing economy in the world. This makes trademark trolling an incredibly lucrative business, as Tesla Motors is finding out. The holder of the “Tesla Motors” trademark in China wants more than $32 million for rights to the name. Ouch.
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.
The New York State Automobile Dealers Association is pressuring the government to ban automobile manufacturers from registering their own stores, in order to force them to sell through third-party dealers. But a bill put before the New York State legislature died on the vine, leaving auto dealers wringing their hands.
Tesla Motors has been operating for about 10 years without turning a profit, out of the sheer determination from its founder Elon Musk. But finally, Tesla has earned its first quarterly profit ever, and going forward the outlook for Tesla looks bright.
It has taken nearly ten years and hundreds of billions of dollars from both private and public investors, but Tesla Motors could finally be on the verge of turning a real and sustainable profit. So says CEO Elon Musk, which would mean that Tesla would reach profitability a full year ahead of schedule. More wishful thinking, or the beginning of a very successful automaker?
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.
Tesla Motors is keeping its cards close to its chest in regards to future vehicles. While CEO Elon Musk has dropped hints here and there, including an all-electric supercar and BMW 3-series fighter, we’re mostly left to our own devices to wonder what Tesla has planned. That has led some would-be car designers to fill in the blanks, and one in particular stood out to me. Meet the compact Tesla Model C.