Tesla share price climbs as expectations soar August 11, 2014 Tesla looks like breaking its share price record today after Deutsche Bank upgraded its stock rating to buy, from hold. Deutsche joins Morgan Stanley (MS) in giving Tesla a buy rating, with MS putting a stock target of $320. The German bank decided to upgrade Tesla on the basis of its forecasts at the end of [...]
Panasonic joins forces with Tesla for futuristic US battery factory July 31, 2014 Panasonic and US electric car pioneer Tesla Motors yesterday announced joint plans for a groundbreaking lithium-ion battery cell mega-plant. Dubbed “The Gigafactor” – whose location is yet to be decided – it will increase production volume by slashing cost-per-unit figures through economies of scale and improvements in logistical arrangements with suppliers. The announcement builds on [...]
Tesla lands $200m Panasonic investment in Gigafactory deal July 31, 2014 Japan's Panasonic is set to invest over $200m in American electric carmaker Tesla Motors' lithium-ion battery plant in the US, according to a person familiar with the matter. Panasonic had signed a preliminary agreement to be involved in the project back in May. In a joint statement the companies said Tesla would be responsible for [...]
Review: The astonishing new Tesla Model S July 8, 2014 Some have already judged the first bespoke effort from cutting-edge American electric carmaker Tesla as the second coming of the automobile. But can the Tesla Model S possibly justify the hype? It’s certainly a lot of pressure to heap on a premium executive saloon. Yet Tesla chief executive Elon Musk appears to be one of [...]
Elon Musk is right to share Tesla’s patents: Now he should ditch them altogether June 18, 2014 A WAR is being waged by the litigators of Silicon Valley. Their chosen weaponry: patent law. The battle is most obvious among the tech giants. In 2011, Apple and Google spent more on patent lawsuits and purchases than they put towards research and development. And it is consumers who get stung. A report released by [...]
This is how far Tesla’s Model S electric car will get you across the UK June 9, 2014 This weekend, Elon Musk brought his electric car to the UK. Obviously we already have electric cars, but the Model S – the luxury saloon of Tesla, Musk's company – is a cut above the rest. And in a matter of months, it'll get you across most of the UK and Europe. Speaking at the [...]
Elon Musk: “I didn’t think SpaceX or Tesla would work” June 9, 2014 Billionaire tech titan Elon Musk – the brain behind Tesla electric cars, a project to colonise Mars and Hyperloop – has more ideas in a year than most people in a lifetime. But speaking on Radio 4’s Today programme this morning, the serial entrepreneur admitted that he hasn’t always had faith that things will come [...]
Tesla shares surge upwards after positive view of battery factory February 25, 2014 THE SHARE price of electric car firm Tesla shot up by over 15 per cent yesterday, following a glowing note from a Morgan Stanley analyst who more than doubled his target price for the company. The enthusiastic assessment came from Adam Jonas, who said Tesla’s plans for a huge plant to manufacture the lithium batteries [...]
New York Report: Facebook and Tesla prompt rise in shares February 20, 2014 US STOCKS climbed yesterday after a data reading on manufacturing activity hit its highest in nearly four years, while news about Facebook and Tesla drove their shares to record highs during trading. US factory activity accelerated at its fastest pace in nearly four years in February, according to Markit’s preliminary US manufacturing purchasing managers’ index, [...]
Electric results for Tesla as sales of Model S car hit record high February 19, 2014 ELECTRIC car firm Tesla yesterday revealed a gross profit of $156.59m (£93.68m) in the final quarter of last year, more than six times higher than the same period in 2012. Total revenues also doubled over the year, expanding from $306.32m in the final quarter of 2012 to $615.22m in the three months to December 2013. [...]