Tesla Motors Inc. is increasing the period of warranty for its Model S electric sedan and is offering unlimited mileage for the vehicle and battery pack and is increasing it to eight years to relieve concerns of reliability. This move will have negative effects on the company's profit.
According to a Wall Street Journal (WSJ) report, Facebook CEO Mark Zuckerberg, Tesla Motors' billionaire Chairman Elon Musk, and actor and tech investor Aston Kutcher are making a $400 million investment in an artificial intelligence (AI) company called Vicarious.
In a Friday announcement, electric carmaker Tesla Motors' CEO Elon Musk said that home wall-charger adapters used by the owners of the company's Model S cars will soon be upgraded; a move which is prompted by reports of overheating of the adapters in garages.
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).