By on October 8, 2016

Tesla Model 3 Prototype on road, Image: Tesla Motors

The brief uptick in share price Tesla enjoyed after beating production estimates this week was swiftly erased by a newly critical Goldman Sachs Group.

The investment bank downgraded the company on Thursday, sending its stock back down the hillside, Bloomberg reports. It’s bad news for CEO Elon Musk’s fundraising plans. (Read More…)

By on October 4, 2016

Tesla HQ

A materials engineer fired by Tesla Motors earlier this year is suing the automaker, claiming that his age led to the dismissal.

The discrimination suit filed by Thomas Flessner, 69, paints a picture of a Logan’s Run-like corporate atmosphere that values youth above all else, Fusion reports. It’s the latest in a steady stream of complaints about the youth-focused culture within the tech industry. (Read More…)

By on August 3, 2016

Tesla Model S 85D, Image: © 2016 David Marek/The Truth About Cars

The Tesla Model S is neither new nor surprising anymore. When the electric sedan entered the market in 2012, it shattered perceptions of electric cars and proved electric motoring viable.

Since then, Tesla has established itself as the go-to brand for geeks and early adopters. We’ve driven the Tesla Model S before, so there’s no need to talk about its most obvious features. But recent events make this a great time to talk about its second-most-important feature: Autopilot.

Is Tesla’s autonomous system any good? Can it be dangerous? How far is it from being truly autonomous? And, besides that, how did the Model S improve over the last few years?
(Read More…)

By on June 29, 2016

Tesla Model 3 Prototype on road, Image: Tesla Motors

Eager to find locations to expand its U.S. recharging network, Tesla Motors is busy seeking new partners, with fast food, gas stations and convenience stores being top of mind.

One of the chains Tesla is attempting to seduce is the jack-of-all-trades Sheetz, according to the Washington Post. With hundreds of locations in the mid-Atlantic region, Appalachia and Ohio, Sheetz — maker of the Shmuffinz breakfast sandwich — operates a gas bar, convenience store and fast food restaurant at its locations.

It’s the place to be, and Tesla wants a Supercharger on that property. (Read More…)

By on June 22, 2016

Elon Musk + Tesla Model S Circa 2011

Founded with the intent of finding energy solutions (and profit) in the power of the sun, SolarCity’s photovoltaic energy business has grown in leaps and bounds since 2006. Now, as the company poises itself for bigger profits, a very familiar man wants to acquire the operation.

Tesla Motors published a note on its website yesterday stating its intention to acquire SolarCity. The offer, made by Tesla, would see the electric automaker trade shares with the San Mateo, California-based company, bringing the business into its fold.

Tesla founder and CEO Elon Musk is no stranger to SolarCity’s operation — he co-founded it with cousins Lyndon and Peter Rive (CEO and CTO of Solar City), and serves as the company’s chairman. (Read More…)

By on June 20, 2016

Tesla Supercharger With Model S At Tesla Dealership

South Koreans are used to having a bunch of Americans hanging around, but the arrival of a group of Tesla employees won’t be welcomed by executives at Hyundai.

Tesla wants into the South Korean marketplace, and just posted job listings for sales and engineering positions in the Asian country, Bloomberg reports. Already registered in South Korea, the automaker plans to open up an office in Seoul and hire a recruiter based out of Japan. (Read More…)

By on May 17, 2016

Tesla Model 3 Unveil, Image: Tesla Motors

As the owner of a 2013 Tesla Model S P85 and occasional TTAC writer, I have my opinions on the Model 3. Many commenters thought Tesla’s business model of starting at the high-end and working its way down market was crazy, but Elon Musk had the right idea: use the cash flow from high-end car manufacturing to ramp up your engineering chops and supplier relationships so you can push prices down to eventually make a mainstream product.

That’s exactly what Tesla is doing and the plan seems to be working brilliantly — but there’s a catch: managing the engineering “complexity budget.”

(Read More…)

By on March 23, 2016

tesla-model-s-

For Tesla Model S P90D owners who have concluded they won’t soil their firm, supportive seats if given the chance to go faster, well, they’re in luck.

Tesla Motors is offering to bring “Ludicrous” mode to owners of the top-end Model S as an aftermarket upgrade, assuming their wallet can match their need to blow everything else out of the water. (Read More…)

By on March 20, 2016

Tesla Model 3 Teaser, Image: Tesla Motors

Tesla Motors’ revolving door better be generating power considering all the use it’s getting. Tesla Motors’ VP of Global Communications, Ricardo Reyes, has either chosen to part ways with the Silicon Valley automaker or been shown the door by security.

The departure comes just weeks before Tesla Motors is to reveal its newest electric vehicle, the Model 3, on March 31. It is expected to sell for approximately $35,000, Bloomberg reports.

(Read More…)

By on October 15, 2015

TeslaRepair

Tesla Motors has been proud to state its focus is on selling cars and not trying to make profit from their service centers — but the real world results prove otherwise.

I stumbled on a thread where a Tesla owner with a failed part was able to purchase a replacement from the EV manufacturer. However, and this is key, Tesla would not supply instructions for installing it.

Tesla’s direct sales structure and independent nature allows it to bypass almost all regulations and agreements currently in place relating to service information and repair software. These regulations and agreements exist to allow owners and independent shops to have the same information and diagnostic tools as dealers so they have the ability to perform repairs properly on their own.

Tesla wants no part of it.

(Read More…)

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