2012 was a year of political football for American automakers new and old, with Republicans and Democrats punting GM, Tesla, and Fisker back-and-forth before the presidential election. It got so bad that President Obama put a temporary hold on the Advanced Technology Vehicle Manufacturing green loan program, but that hold has been lifted and applicants are encouraged to apply once again.Read more
There have been plenty of doubters, haters, and detractors from Elon Musk’s electric car dream. For a while there his baby, Tesla Motors, was a political football punted between Democrats and Republicans. But with the full repayment of the $465 million Tesla borrowed from the U.S. government, Tesla has not just defied the odds, but proven the viability of a pure electric automaker.Read more
Tesla Motors shares increased after it announced a decision to offer stock and notes in an $830 million deal that will enable it to repay its debt to the US government earlier than planned. Things are looking better than ever for the electric automaker.Read more
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.Read more
The government’s role in developing new technologies has come under fire from the Republican Party in recent months, in particular low-interest Federal loans given to electric car companies like Think Global and Tesla. And while Think is facing bankruptcy for the umptenth time, Tesla Motors may start paying back its Federal loans early…despite another quarter of multi-million dollar losses.Read more