Elon Musk was on the verge of selling Tesla to Google for $11bn and even “shook” on a deal with Larry Page April 20, 2015 The millionaire magnate behind the world's best-known electric carmaker was on the verge of selling his company to Google as it failed to turn a profit. Elon Musk's Tesla was about to fall into bankruptcy and the founder had begun negotiating with Google on a deal for the firm, according to a new book on [...]
Car review: The Tesla Model S P85D is seriously fast, with an “Insane” mode to scare off its rivals April 13, 2015 Tesla, the darling of the alternative-power car makers, has made more progress in a few short years than the likes of Ford, General Motors and even Toyota when it comes to electric cars. The American firm, co-founded by Elon Musk of PayPal fame, has not only made great strides technology-wise, but has also achieved much [...]
Elon Musk’s Tesla unveils new “entry level” Model S 70D April 8, 2015 Tesla, the electric car maker with the cult following, has just unveiled its latest model: the "entry level" Model S 70D. At just over $75,000 (£50,000), it's hardly a snip – but at 514 hp, it's almost as powerful as a Porsche 911…. The company's shares rose 2.9 per cent to $209.25 in pre-market trading, [...]
Tesla share price jumps after Elon Musk teases new product line March 30, 2015 Elon Musk tweets, markets react. Tesla Motors saw its share price rise by over three per cent today after its founder, billionaire investor and inventor Elon Musk, tweeted that the company would be unveiling a "major new product line" next month. Musk added that the product would diverge from Tesla's main business of designing, manufacturing and selling electric [...]
Tesla to cut 180 of China staff as sales fail to meet expectations March 9, 2015 Electric car maker Tesla Motors yesterday said it was cutting about 30 per cent of its staff in China. Tesla, led by billionaire Elon Musk, will eliminate some positions as it makes structural changes to its business in China, Gary Tao, a local spokesman for the car maker, said. He added, however, that he didn’t [...]
Tesla’s full year results fail to meet expectations, with deliveries down due to delays February 11, 2015 Tesla's full year results are likely to reverse investor confidence. The figures During the three months to 31 December 2014, Tesla Motors delivered 9,834 cars to clients – lower than the 11,200 deliveries analysts hoped for and expected. Similarly, the 31,655 cars delivered during the full year to 31 December failed to meet [...]
You can now sleep in a Tesla Model S on Airbnb January 27, 2015 Airbnb has some pretty funky spots – from a footballer's family vineyard to, er, Ikea. But this spot will be rather less roomy: for the bargain price of £58 per night, you can now stay the night in a Tesla Model S, courtesy of the room rental site. The listing dubs it "the world's first [...]
Tesla shares down six per cent after Elon Musk admits to underwhelming sales in China January 14, 2015 Shares in Tesla have dropped over six per cent today, tumbling below $200 a share after comments from its high-profile founder, Elon Musk. Musk, seen as a rockstar investor and chief executive, told journalists at the Detroit Auto show that Tesla’s sales in China were underwhelming in the fourth quarter, giving investors a nasty case [...]
Tesla founder Elon Musk divorces his British wife – for the second time January 2, 2015 It can't be easy living with a multi-billionaire with so many ideas that he has to offer some of them to other people because he doesn't have time to take advantage of them all. But you'd have thought that's a lesson Tesla founder Elon Musk's soon-to-be ex-wife, British actress Talulah Riley, might have learned the [...]
Tesla Motors share price after self-driving car fails to materialise – but the Model D is still pretty cool October 10, 2014 Tesla Motors share price dropped yesterday, and is expected to fall further today, after the much anticipated self-driving car failed to materialise. Company chief executive Elon Musk had fuelled speculation that Thursday night would see a big reveal when he tweeted that it was “about time to unveil the D and something else”. [...]