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Tesla Loses $4,000 on Every Car Sold

TeslaThe Silicon Valley automaker is losing more than $4,000 on every Model S electric sedan it sells, using its reckoning of operating losses, and it burned $359 million in cash last quarter in a bull market for luxury vehicles. The company on Wednesday cut its production targets for this year and next. Chief Executive Elon Musk… Read the rest of this entry »

Posted: August 10th, 2015 | Author: | Filed under: Economy | Tags: , , | Comments Off on Tesla Loses $4,000 on Every Car Sold

Assembly Panel Could Help Put Tesla Back on the Road in Garden State

Assembly Panel Could Help Put Tesla Back on the Road in Garden State (via NJSpotlight)

Tesla Motors Inc. may get an opportunity to sell its high-priced electric vehicles in New Jersey after all. Legislation that would overturn a decision by the state Motor Vehicles Commission preventing the electric car manufacturer from directly selling…

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Posted: June 6th, 2014 | Author: | Filed under: New Jersey, NJ MVC | Tags: , , | Comments Off on Assembly Panel Could Help Put Tesla Back on the Road in Garden State