electric car

News

The Saudi wealth fund bought Tesla stock. Now it's investing in Lucid, a Tesla competitor

Published: 
Wed, 09/19/2018 - 6:23pm

Lucid Motors, the Bay Area electric car start-up, has been struggling to raise money for more than a year. Now it appears to have found some: more than a billion dollars from Saudi Arabia’s sovereign wealth fund.

If the deal announced Monday closes as Lucid expects, the company said it will have enough cash to finish engineering the high-end Lucid Air sedan and begin manufacturing in Arizona as scheduled in 2020. And the Saudis would be backing both the leading electric luxury car maker, Tesla, and a Tesla competitor.

News

Musk says Tesla will be self-funded, shunning Wall Street

Published: 
Mon, 08/06/2018 - 10:45am

The most eye-popping moment in Tesla’s earnings call with analysts Wednesday was not when Chief Executive Elon Musk apologized to the analysts he dissed on a previous call in May. It was not the fact that Tesla posted a $717-million loss for the quarter, or cut down on its cash burn.

News

Good news: Your Tesla Model 3 is finally ready. Bad news: It may take weeks to get it serviced

Published: 
Thu, 07/26/2018 - 12:56pm

As Tesla ramps up its Fremont, Calif., factory to escape what Elon Musk called “production hell” with its new Model 3 electric sedan, some customers are enduring their own state of suffering trying to get Teslas serviced.

News

Yet another California electric vehicle is coming. But this start-up has manufacturing expertise

Published: 
Fri, 03/30/2018 - 10:49am

The latest electric vehicle Silicon Valley start-up held its coming-out party Wednesday to introduce two crossover sport utility vehicles. Another EV player? Yes. But this one comes with some unusual twists.

News

Tesla's plan in Santa Monica: a drive-in restaurant with electric-car charging stations

Published: 
Thu, 03/15/2018 - 5:55pm

Tesla Inc.'s Elon Musk recently mused about creating "an old school drive-in, roller skates & rock restaurant" in the Los Angeles area where people could eat while charging their electric cars.