electric car

News

Tesla names director Denholm to replace Musk as board chair

Published: 
Thu, 11/08/2018 - 6:29pm

Tesla Inc has named director Robyn Denholm as board chair, fulfilling a demand by the U.S. Securities and Exchange Commission to strip the job from Elon Musk, the electric car maker’s wayward chief executive who has dragged the company through months of turbulence.

News

The Saudi wealth fund bought Tesla stock. Now it's investing in Lucid, a Tesla competitor

Published: 
Wed, 09/19/2018 - 6:23pm

Lucid Motors, the Bay Area electric car start-up, has been struggling to raise money for more than a year. Now it appears to have found some: more than a billion dollars from Saudi Arabia’s sovereign wealth fund.

If the deal announced Monday closes as Lucid expects, the company said it will have enough cash to finish engineering the high-end Lucid Air sedan and begin manufacturing in Arizona as scheduled in 2020. And the Saudis would be backing both the leading electric luxury car maker, Tesla, and a Tesla competitor.

News

Musk says Tesla will be self-funded, shunning Wall Street

Published: 
Mon, 08/06/2018 - 10:45am

The most eye-popping moment in Tesla’s earnings call with analysts Wednesday was not when Chief Executive Elon Musk apologized to the analysts he dissed on a previous call in May. It was not the fact that Tesla posted a $717-million loss for the quarter, or cut down on its cash burn.

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Good news: Your Tesla Model 3 is finally ready. Bad news: It may take weeks to get it serviced

Published: 
Thu, 07/26/2018 - 12:56pm

As Tesla ramps up its Fremont, Calif., factory to escape what Elon Musk called “production hell” with its new Model 3 electric sedan, some customers are enduring their own state of suffering trying to get Teslas serviced.

News

Yet another California electric vehicle is coming. But this start-up has manufacturing expertise

Published: 
Fri, 03/30/2018 - 10:49am

The latest electric vehicle Silicon Valley start-up held its coming-out party Wednesday to introduce two crossover sport utility vehicles. Another EV player? Yes. But this one comes with some unusual twists.