Carmaker Tesla’s stock zooms 40 percent on first day

According to Reuters, “Electric carmaker Tesla Motors Corp’s initial public offering zoomed ahead on Tuesday with shares rallying more than 40 percent as investors bet that electric cars would define the future of transportation. Tesla’s shining debut came despite weakness in the broad market and as other auto stocks were hit by concerns of a [...]

Tesla hires Fiat strategist to head European operations

According to their press release, “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, [...]

Electric carmaker Tesla preparing IPO: sources

According to Reuters, “U.S. electric sports car maker Tesla Motors plans to go public soon, two sources familiar with the matter said, amid growing interest in green technology and battery-powered vehicles. An IPO filing from the six-year-old start-up, best known for its $109,000 all-electric Roadster, is expected any day, said one of the sources. The [...]

Green Cars: Tesla Motors Shatters Single-Charge Distance Record

The biggest knock on the electric vehicles (EVs) is its lack of range on a single charge. On average the typical EV being produced today has about a 100-mile range before needing to recharge. On hybrids it becomes even more dismal with an all-electric range of roughly 40 miles. For normal commute in a day [...]

The Scorpions Sting

In the world of high priced automobiles, there is not a real concern about the carbon footprint left by enormous gas guzzling engines. Many of these super-cars get poor gas mileage, and though they are few in number, add to the growing amount of CO2 emissions. There is a preconceived notion that all of these [...]