Comprehensive Real-Time News Feed for Fremont, CA.
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Tesla Motors [NSDQ:TSLA] has confirmed via a Securities and Exchange Commission filing it plans to sell new stock in a bid to raise as much as $2 billion. About $1.4 billion will be raised by the sale of new shares while the rest will come from the sale of CEO Elon Musk's own shares to cover tax expenses stemming from stock options he's exercised. Comment?
Tesla Motors [NSDQ:TSLA] has said multiple times it plans to produce 500,000 electric cars per year by 2020, but now the company believes it may hit that goal a little earlier. In its latest shareholder letter, Tesla said it plans to move the 500,000-unit goal up to 2018. Comment?
Tesla Motors [NSDQ:TSLA] started production of the first customer examples of its Model X electric high-riding hatch in the fall. The first batch are all high-end 90D versions equipped with Tesla's biggest battery and you can watch as the vehicles are assembled in this video from YouTube channel The Car Guide - Le Guide de l'auto . Comment?
It was in early 2012 that Tesla Motors [NSDQ:TSLA] first unveiled a prototype version of the Model X and confirmed the electric crossover for production. Now the first examples have been handed over to their eagerly awaiting customers, an event that took place overnight at a special ceremony held at Tesla's plant in Fremont, California. Comment?
Tesla Motors' [NSDQ:TSLA] Model X is set for an official reveal tomorrow when the first examples of the electric SUV are delivered to their eagerly awaiting customers at a special ceremony at Tesla's plant in Fremont, California. We've already had a good look at the vehicle and learned that it will cost $5,000 more than a Model S sedan with similar spec s. Comment?
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