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NEWS ABOUT: Tesla

Tesla's CEO Is Broke

And the company hasn't disclosed that to investors

(Newser) - Elon Musk is a legend in Silicon Valley: His much-buzzed about electric car company, Tesla Motors, is on the verge of a major IPO, and he even had a cameo in Iron Man 2. There's just one problem. “About four months ago, I ran out of cash,” he... More »

Toyota Teams Up With Tesla on Electric Car

$50M buy-in on 'affordable' Tesla model due in 2012

(AP) - Toyota is teaming up with Tesla Motors to develop and build electric cars at a recently shuttered auto plant in the San Francisco Bay area. Toyota CEO Akio Toyoda said yesterday the world's largest automaker will invest $50 million in Tesla when the company goes public, and Tesla CEO Elon... More »

Electric Car Maker Sues Rival for Stealing Trade Secrets

Designer Fisker employed by Tesla, then started own company

(Newser) - The maker of an electric sports car is suing a rival company, alleging stolen trade secrets, the New York Times reports. Tesla Motors hired Henrik Fisker to design a new sedan; after a subpar effort, Tesla says, he founded his own company and built a better vehicle with Tesla tricks.... More »

Roadblocks Zap Electric Carmakers' Momentum

Infighting and broken promises mar ambitious companies

(Newser) - The more than two dozen startups racing to produce viable electric cars face a bumpy road, the Los Angeles Times reports, as they navigate infighting, skyrocketing costs, and lack of mass-production know-how. Meanwhile, a successful car would face serious competition from several major automakers working on innovations of their own.... More »

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