Archive for the ‘Elon Musk’ Category

Two adjacent Southern California cities have been competing for the factory where Tesla Motors will build its all-electric 2012 Model S luxury sports sedan. Now, a pair of local papers have scooped the automotive press and broken the news: Downey beats Long Beach.

Downey Mayor Mario Guerra told the Downey Patriot that the deal is "99.9 percent done," and the Downey City Council could meet as early as tonight to approve the deal that would turn the 80-acre former NASA site over to a development company on Tesla's behalf.

Tesla received $465 million of low-interest loans from the Department of Energy this summer. Those loans require that a...

Some of us miss the days of wacky local advertising. You know, like when your nutty dealer down the street filmed commercials in a garbage can to drive home a theme? (The one we remember best involved a guy in a chicken suit who claimed that his cars were "cheeper". Stupid, we know, but kind of homey and charming, too.) Anyway, in Toronto, the William Ashley china shop has a history of balancing vehicles on fine dinnerware. The store's current display involves a Tesla Roadster balanced on teacups, hovering above sod-filled placemats. If Elon Musk shows up as the Mad Hatter, we'll order formal service for eight. [Jalopnik]

It's a great news day for Tesla Motors: not only is the company moving into new digs in Palo Alto, California, but also Tesla's co-founder and former CEO Martin Eberhard has dropped his lawsuit against the automaker and current CEO Elon Musk.

As for that first item: Tesla announced yesterday that it will lease a 350,000 square-foot facility in the Stanford Research Park in Palo Alto, where it will develop and manufacture components for its all-electric vehicles. The bulk of those components will be electric powertrains and chargers, which Tesla already sells to one of its larger shareholders, Daimler, and which will likely be used in the...