Tag Archives: Tesla Motors
Square Hires Ricardo Reyes From Tesla and Rob von Behren From Google Wallet
Square has hired two major executives recently. They have hired Google Wallet co-founding engineer Rob von Behren and Ricardo Reyes of Tesla Motors. Reyes previously worked in communications at Tesla Motors and he will now be working as Square’s vice president of communications and brand marketing. Von Behren worked at Google for 8 years and started working on Google Wallet’s NFC initiatives back in 2009. Square competes head-on with Google Wallet and the hiring of Von Behren may lead the mobile payments company to get into NFC themselves.
Categories Google, Google Wallet, Ricardo Reyes, Rob von Behren, Square, Tesla Motors
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Toyota and Tesla Make Agreement To Develop Electric Version Of RAV4
Toyota Motor Corporation (NYSE:TM) and Tesla Motors Inc (NASDAQ:TSLA) have signed an agreement to develop an electric version of the RAV4. Toyota and Tesla are aiming to market the electric vehicle in the U.S. by 2012. The prototypes would be a Toyota RAV4 with a Tesla electric powertrain. The first prototype has been built and is going through testing. [Tesla PR]
Categories Tesla Motors, Toyota, Toyota RAV4
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Tesla Model S and BMW Cars Using NVIDIA Tegra For Infotainment
NVIDIA has recently made a deal with Tesla and BMW to power the navigation, infotainment, and instrument-cluster systems. In the Tesla Model S, the Tegra-based system has a 17-inch touchscreen center console with 3D graphics and live-traffic updates. The Model S also has a smaller 12.3-inch display for the instrument cluster. The BMW will be using the Tegra chip for a 1280×600 display in the upcoming 7-Series, 5-Series, 3-Series, Mini Cooper, and X-Series range. Below is the full press release:
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Categories BMW, NVIDIA, NVIDIA Tegra, Tesla Model S, Tesla Motors
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Tesla Expecting $57,000 Model S To Be Very Profitable
The Tesla Motors Inc (NASDAQ:TSLA) Model S car has been set with a $57,000 price tag. The small price tag is largely due to smaller Lithium ion batteries which is commonly used in laptops. The batteries are swappable as a single unit. These batteries are cheaper to use than the monolithic packs that is used in the Nissan Leaf and the Chevy Volt. [Engadget]
Categories Tesla Model S, Tesla Motors
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Tesla Expecting To Make $60 Million In Revenue For Work On The RAV4
Tesla Motors Inc (NASDAQ:TSLA) is expecting to make about $60 million in revenue for building the electric components for the Toyota RAV4 SUV. Toyota bought $50 million worth of equity in Tesla shortly after the California based electric vehicle company went public in June. Tesla will be building the batteries, gearbox, motor, and electric control system. Tesla also received a $30 million investment from Panasonic on November 2nd. Tesla sells the Roadster sports car for $109,000 and is planning to start selling a luxury sedan called the Model S in 2012. [WSJ]
Categories Panasonic, Tesla Motors, Tesla Roadster, Toyota, Toyota RAV4
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Panasonic Invests $30 Million Into Tesla Motors For 2% Stake
Panasonic has invested $30 million into Tesla Motors and will receive a 2% stake in the electric car company. This investment was sent to Tesla about a week after the grand opening of Tesla’s factory. Tesla has been using Panasonic cells for their Tesla Roadster battery packs.
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Categories Elon Musk, Panasonic, Tesla Motors, Tesla Roadster
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Tesla Motors Enters $60 Million Deal With Toyota
Tesla Motors Inc (NASDAQ:TSLA) and Toyota Motor Corporation (NYSE:TM) have officially entered a $60 million deal with each other. Even though Toyota announced plans to provide a Tesla powertrain to the electric version of the RAV4, it is in writing now. Tesla filed a form with the U.S. SEC to disclose their $60 million agreement with Toyota. Tesla expects there to be RAV4 with Tesla powertrain prototypes out later this year. A commercial model should be ready by 2012. Below is part of the SEC statement:
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Categories Tesla Motors, Toyota, Toyota RAV4
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Elon Musk Probably Made Close To $24 Million From Tesla IPO
Late last month, the New York Times wrote an article about how Elon Musk is broke. “About four months ago, I ran out of cash,” said Elon Musk, co-founder of PayPal and the head of Tesla Motors.
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Categories Elon Musk, Justine Musk, PayPal, SpaceX, Talulah Riley, Tesla Motors, Zip2
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Tesla Motors Sells $13.8 Million Zero Emissions Vehicle Credits To Honda
This past week Tesla Motors has filed a report with the U.S. SEC that they have made $13.8 million by selling zero emission vehicle credits, which is equal to 368 cars to Honda over the past 2 years. Honda is also contracted for an additional 287 credits.
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Categories Honda, Tesla Motors
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Toyota Buys $50 Million Stake In Tesla
Toyota Motor Corporation has bought a $50 million stake in Tesla Motors Inc. As part of the deal, Tesla will also buy a closed Toyota factory in California to build the Model S and other vehicles.
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Categories Tesla Motors, Toyota
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