Alan Ohnsman News
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Tesla Motors Inc., the electric-car maker run by Elon Musk, surged as much as 12 percent on investor confidence in Musk’s plan to boost his stake in the company that’s selling as much as $830 million in shares and debt.
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Bears blindsided by Tesla Motors Inc. have been forced to buy $276 million worth of the automaker’s shares, pushing the company toward the biggest rally in the Russell 1000 Index this year.
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Honda Motor Co., speeding ahead with an overhaul of the premium Acura line, is planning a $70 million central Ohio factory opening in two years to produce the next- generation NSX supercar.
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Nissan Motor Co. plans to supply compact cargo vans to General Motors Co. for sale as a Chevrolet brand vehicle in the U.S. and Canada, the first such project in the region for the two automakers.
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Elon Musk was fresh off the sale of PayPal and starting another business, commercial rocket service Space Exploration Technologies Corp., when he met kindred spirit JB Straubel. Their shared belief that consumer electronics advances could be applied to more earthly modes of transport is a cornerstone of Tesla Motors Inc.
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Tesla Motors Inc.’s first quarterly profit, led by a surge in deliveries of the electric-car maker’s Model S, got an added bump from sales of California and U.S. environmental credits that generated 15 percent of revenue.
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Tesla Motors Inc., the maker of electric cars run by billionaire Elon Musk, rose 11 percent after an analyst said that investors who’d expected the stock to decline had to buy it.
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Tesla Motors Inc., the maker of electric cars run by billionaire Elon Musk, surged 24 percent after posting a first profit, beating estimates and earning a top evaluation for its Model S sedan from Consumer Reports.
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Tesla Motors Inc.’s electric Model S, Motor Trend’s 2013 “Car of the Year,” received the highest rating from Consumer Reports in an evaluation of the luxury sedan that led first-quarter North American plug-in car sales.
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Elon Musk, the California billionaire who leads Tesla Motors Inc., said the electric-car maker is considering adding driverless technology to its vehicles and discussing the prospects for such systems with Google Inc.
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