Tesla's Profit Claims Are Lies
We overlooked a key point in our write-up on Tesla’s IPO plans: the profits Elon Musk has been touting are a mirage. As this balance sheet from Tesla&r…
Read more
Wild Ass Rumor Of The Day: Tesla Model S Delayed

Speaking to MarketWatch at the Detroit Auto Show, Tesla Chairman Elon Musk apparently just revealed that the Tesla Model S sedan will be released “within two and a half years.” Which is interesting considering Musk claimed that production would start in 2011 at the Model S launch last March. But then, Tesla is still trying to decide on a factory location, apparently waffling between former aeronautical manufacturing locations in Downey and Long Beach. And apparently Tesla’s mere consideration of a brownfield site in Downey has drawn protests from a group calling themselves The Raging Grannies.

Read more
Tesla IPO in the Works?

Reuters reports that Tesla is planning an Initial Public Offering, after postponing planned IPOs in 2008 and 2009. Tesla reportedly hopes to capitalize on the recent success of battery developer A123 Systems, on the assumption that the A123 IPO has raised interest in electric auto firms. According to one of Reuters’ sources, Tesla’s IPO filing could be made “within days.” And the Silicon Valley startup, which currently has only one product, the $100k+ Tesla Roadster, will most likely have to hurry. Both Nissan and General Motors plan to enter the electric car market this year, marking the initial entries by established auto OEMs into the American EV market. Both of their initial products, the estimated $30k Nissan Leaf and the estimated $40k Chevrolet Volt, will cost considerably less than Tesla’s estimated $50k Model S sedan and will beat it to market by at least a year. Acquiring funding after cheaper competing models go on sale could be extremely challenging for a boutique automaker like Tesla.

Read more
Tesla Roadster Buyer Report 2: Crickets Chirping

It’s now been four months since I sent in my $5,000 deposit on a Tesla S all-electric four-door sedan. I still think it’s a cool car, but so far I’m very disappointed in Tesla’s communications with us S owners. After an initial flurry of messages confirming the order, assigning me a production number, and inviting me to the opening of the New York Tesla store, I’ve heard exactly zilch from the factory.

Read more
  • Dave Holzman Golden2husky remember you from well over decade ago in these comments. If I wanted to have a screen name that reflected my canine companionship, I'd be BorderCollie as of about five years go. Life is definitely better with dogs.
  • Dave Holzman You're right about that!
  • EBFlex It will have exactly zero effect
  • THX1136 What happened to the other companies that were going to build charging stations? Maybe I'm not remembering clearly OR maybe the money the government gave them hasn't been applied to building some at this point. Sincere question/no snark.
  • VoGhost ChatGPT, Review the following article from Automotive News: and create an 800 word essay summarizing the content. Then re-write the essay from the perspective of an ExxonMobil public relations executive looking to encourage the use of petroleum. Ensure the essay has biases that reinforce the views of my audience of elderly white Trump-loving Americans with minimal education. Then write a headline for the essay that will anger this audience and encourage them to read the article and add their own thoughts in the comments. Then use the publish routine to publish the essay under “news blog” using Matt Posky listing the author to completely subvert the purpose of The Truth About Cars.