Tesla

PALO ALTO, CA. – Tesla Motors, Inc. today announced that it has filed a registration statement on Form S-1 with the Securities and Exchange Commission for a proposed initial public offering of its common stock. Tesla Motors designs, manufactures and sells high-performance fully electric vehicles and advanced electric vehicle powertrain components. The number of shares to be offered and the price range for the offering have not yet been determined.

Goldman, Sachs & Co., Morgan Stanley, J.P. Morgan and Deutsche Bank Securities are acting as the joint book-running managers for the offering.

More »

Share It

Hide Sites

Detroit, MI. (January 12, 2010) – The Progressive Insurance Automotive X PRIZE has chosen the state of Michigan to host an intense multi-stage competition that aims to pit some of the world’s most fuel efficient vehicles against one another in a quest to win their share of a $10 million prize purse. Fifty-one super efficient cars from 41 teams survived the rigorous design judging phase and now aim to ready their vehicles for the start of on-track performance events in the spring of 2010, thanks to a unique new partnership with the Michigan Economic Development Corporation (MEDC) and the Michigan International Speedway (MIS), announced today at the North American International Auto Show.

More »

Share It

Hide Sites

Tesla Roadster

WINDSOR, UK–(BUSINESS WIRE)–Tesla Motors has hired former Fiat executive Cristiano Carlutti to lead the electric vehicle manufacturer’s fast-growing European operations.

Carlutti, who began this week as Tesla’s vice president of European sales and operations, has a unique background encompassing sales, marketing, branding and public relations. He has lead mission-critical divisions at Fiat, served as CEO of an Italian start-up and served on the organizing committee of the XX Winter Olympic Games. More »

Share It

Hide Sites

Automotive X Prize

New York, NY – October 19, 2009 The Progressive Insurance Automotive X PRIZE, a multimillion dollar competition to inspire a new generation of viable, super fuel-efficient vehicles, today announced the 43 teams— representing 18 states, 10 countries and 6 fuel types, that have passed the competition’s Design Judging phase and will move into the most exciting phase of the competition – performance and safety testing – putting them one step closer to their share of the $10 million prize purse. More »

Share It

Hide Sites

ECOstrive – With deliveries expected to begin in 2012, Tesla is poised to own the luxury sedan market with it’s all-electric Model S car. This seven passenger vehicle is unique because it is built on a flat platform. That is, batteries between the front wheels and motor between the rear. This gives the designers a very open pallet to be creative in both the exterior and interior of the car. More »

Share It

Hide Sites