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Electric carmaker Tesla Motors pays off government loan 9 years early

Tesla Model S

California automaker Tesla Motors announced Wednesday it had completely paid off a Department of Energy loan nine years earlier than originally required. “I would like to thank the Department of Energy and the members of Congress and their staffs that worked hard to create the ATVM program, and particularly the…

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Tesla Motors now more valuable than Italian auto giant Fiat

Tesla Model S via AFP

The rocketing stock price of electric sports car maker Tesla made it more valuable than Fiat Tuesday — even though the Italian auto giant produces 200 times more cars than the American upstart. After a more than 50 percent gain in the past week, Tesla’s market value topped $10 billion,…

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All-electric automaker Tesla Motors posts first profit

Tesla Model S screenshot

Tesla Motors said Wednesday it posted its first-ever quarterly profit as the electric carmaker beat its own forecasts and surprised market analysts. The California-based firm said it earned a profit of $11 million in the first quarter as revenues rose 83 percent from the prior quarter to $562 million. “Tesla…

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Bill O’Reilly smears Tesla Motors with 2011 financial data

Bill O'Reilly screenshot

On his show Tuesday night, Fox News host Bill O’Reilly falsely claimed that the California-based Tesla Motors was $523 million in the hole. The conservative Fox News host was discussing the alleged failure of the Energy Department’s clean-energy loan program, which invested billions of dollars in green companies and start-ups.…

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Sarah Palin echoes Romney: Tesla Motors ‘losers’ who build ‘bricks’

Sarah Palin speaks to Fox Business

Former Alaska Gov. Sarah Palin attacked the start-up company Tesla Motors on Friday, describing the California-based car manufacturer as “losers.” Palin was commenting on Fisker Automotive in a Facebook post. The “green” automaker was launched after receiving a loan from the Department of Energy, but has since been plagued with…

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Tesla Motors tech powers Mercedes’ new all-electric luxury car

B-Class Electric Drive screenshot

Mercedes-Benz plans to roll out a fully electric version of the B-Class luxury compact by early 2014, thanks to some help from the California-based start-up Tesla Motors. Tesla, which has found itself in the middle of political controversies due to a $465 million low-interest loan from the U.S. Department of…

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Tesla Model S named car of the year: An all-electric sedan with silent, face-melting speed

Tesla Model S screenshot

For the first time ever, Automobile Magazine has named an all-electric vehicle as its “Car of the Year” for 2013. Citing its sleek design and high performance, Automobile Magazine said Tesla’s Model S luxury sedan beat out gasoline-powered cars like the Subaru BRZ and the Porsche Boxster. “It’s the performance…

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Tesla promises free solar-powered travel with new ‘Supercharger’ tech

Tesla Motors' "Supercharger." Photo: Screenshot via UStream.

Electric car manufacturer Tesla Motors announced Monday that it will roll out a network of solar-powered charging stations across the United States over the next two years, enabling owners of the company’s all-electric “Model S” vehicles to “travel for free, forever, on pure sunlight.” Appearing at an unveiling event Monday…

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