Tesla Files S-1 Registration Statement for Initial Public Offering

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.

Continue reading Tesla Files S-1 Registration Statement for Initial Public Offering

Progressive Insurance Automotive X PRIZE Chooses Michigan for 2010 Competition Events

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.

Continue reading Progressive Insurance Automotive X PRIZE Chooses Michigan for 2010 Competition Events

Tesla hires Fiat strategist to head European operations

 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. Continue reading Tesla hires Fiat strategist to head European operations

Progressive Insurance Automotive X PRIZE Announces Teams Qualified to Compete for $10 Million & Launch National Student Contest

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. Continue reading Progressive Insurance Automotive X PRIZE Announces Teams Qualified to Compete for $10 Million & Launch National Student Contest

Design of the Tesla Model S

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. Continue reading Design of the Tesla Model S

Taking Action: Clayton Homes builds the i-house

ECOstrive – Another company taking action is Clayton Homes. They are a manufacturer of houses that is building a new product called the i-home. The i-home is one of the first “Green” manufactured home designs. The i-house comes standard with dual-flush toilets, no VOC paint, tankless water heaters and much more.

Using residential modular construction techniques, the homes come with 2×6 exterior wall studs and an amazing R-21 wall and R-30 Floor and Roof insulation. The roof even includes a “butterfly” rain collection design. These features are all incorporated into an affordable package. The i-house II is a little over 1000 square feet in a 2 bedroom, 1 bath configuration for the low $90’s.

Continue reading Taking Action: Clayton Homes builds the i-house

Sun Screens: Saving energy in warm climates

ECOstrive – For those of you that live in warm climates (especially the sunny ones) where you use Air Conditioning to cool your house in the summer months, you probably already know how hot the inside of an unshaded window gets in the peak of the season. This is called “thermal transference”. Transferring all of that heat inside your house makes your AC work a lot harder. Solar screens are an easy way to reduce the amount of heat making its way into your house and keeping it cooler and more comfortable. Continue reading Sun Screens: Saving energy in warm climates

Happy Earth Day 2009

ECOstrive – Well, its Earth Day again. I can say that I am happy to hear the general attitude this time seems to be action. Action in the form of green building, replacing light bulbs, solar power, electric cars and other things that are available and can be done today. So much better than the global alarming from years past. In fact, it makes it a day of awareness instead of the annual Chicken Little day.  Continue reading Happy Earth Day 2009

It’s Not Easy Being Green

By Ken Connor

I’m going green! Not because I’m a tree-hugger, nor because I have embraced some form of pantheistic environmentalism. Rather, it’s because I’m concerned about promoting freedom and protecting family.

Recently, I read Thomas Friedman’s book, Hot, Flat, and Crowded. Friedman is a passionate advocate for the development of renewable energy resources to reduce America’s dependence on foreign oil. His reasoning, however, may surprise you. It turns out, this New York Times columnist isn’t only concerned about the environmental impact of fossil fuels on planet earth; he is also concerned about the impact that oil revenues have on freedom abroad and security at home. Both are impacted by the amount of oil revenues that flow into what Friedman calls “petrolist states.” Continue reading It’s Not Easy Being Green

Tesla finally takes the wraps off of the Model S all electric Sedan

ECOstrive – Tesla Motors yesterday announced the details of the long awaited electric sedan called the Model S. This family sedan can seat 7 people and travel up to 300 miles on a charge.

“Model S doesn’t compromise on performance, efficiency or utility — it’s truly the only car you need,” said Tesla CEO, Chairman and Product Architect Elon Musk. “Tesla is relentlessly driving down the cost of electric vehicle technology, and this is just the first of many mainstream cars we’re developing.” Continue reading Tesla finally takes the wraps off of the Model S all electric Sedan