CEO Elon Musk of automaker Tesla Motors says he is confident that its Model S electric car is safe and will be cleared by a federal investigation in the two battery fire cases.
With the shares of electric carmaker Tesla Motors plunging from $176.81 at the close Tuesday to $137.95 on Friday, the company's billionaire CEO Elon Musk has reportedly lost more than $1 billion. Overall, Tesla shareholders lost $4.7 billion - that is, almost 22 percent of their investment - in three days.
Startup behind ‘Hyperloop’ project announces its official name --- Hyperloop Transportation TechnologiesSubmitted by Neelesh Raghuwanshi on Fri, 11/01/2013 - 13:18
The official name of the startup which is backing Elon Musk's futuristic `Hyperloop' transport system was announced on Thursday. The company will be called Hyperloop Transportation Technologies (HTT).
Two top U.S. engineers sign on with crowdfunding site dedicated to building ‘Hyperloop’ transit systemSubmitted by Avinash Tripathi on Thu, 09/26/2013 - 13:56
In a move which is apparently aimed at helping Tesla founder Elon Musk's `Hyperloop' transportation system turn into a reality, two top U. S. engineers have signed on with the southern California crowdfunding startup, JumpStartFund.
It has been recently revealed that Tesla Motors Inc. has unveiled their third Tesla model, which is a complete sport utility vehicle known as Model X. The car will go for sale by the end of 2013, said the Chairman and Chief Executive, Elon Musk.
Tesla Chief Executive Elon Musk has reportedly said that the car manufacturer would bring a higher performance version of the Tesla Model S electric-powered sedan, which is expected to be launched next year.
The Tesla Model S sedan will be capable of sprinting from zero to 60 mile per hour in just 5.6 seconds.
Good News USA
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