The California-based electric car manufacturer Tesla is hitting a few roadblocks when it comes to pitching their vehicles to the public.
The company sells directly to consumers, much like how Apple sells its iPads straight from an Apple store. But auto dealers associations in a number of states say that’s against the law — Tesla needs to use a middle man, a franchise. Tesla doesn’t agree, so the car dealers are taking the fight to the courts and the legislatures.
Over the last year of so, Tesla motors has received some really good press. But this past week, it's been knocked off its pedestal.
"We're a country that likes to put things up on pedestals and then tear them down from pedestals. We do that with people, I think we do that with things," says Jack Nerad, an analyst with Kelley Blue Book.
Originally published on Thu October 3, 2013 12:26 pm
High-flying billionaire Elon Musk's Tesla Motors has seen its shares skid the past couple days because they've been downgraded by analysts and because of a YouTube clip showing one of the all-electric luxury cars engulfed in flames earlier this week.
Just before noon ET, a share of Tesla was trading around $169.50 — down about 6.5 percent for the day and $25 (13 percent) below its 52-week high of $194.50.
Originally published on Tue August 27, 2013 11:33 am
It's been a good year for Tesla Motors, the luxury electric car maker, particularly in California, where it's selling more cars than Porsche, Jaguar, Lincoln, or Buick. In 2013, the company has sold 4,714 cars in the state, according to the California New Car Dealers Association.
The Tesla Motors Model S starts as soon as you sit down behind the wheel and press on the brakes -- there's not even a place for a key -- and from that point there is no sound, even when accelerating.
Tesla unveiled its latest string of supercharger stations in Texas this week to help provide its car owners a free charge along several of the state’s major roadways, but the addition of the supercharger station in San Marcos is on the heels of a legislative letdown.
Texas Matters: Taxes are a touchy subject no matter what side you are on, but they exist to raise revenue so closing loopholes is one way to make sure everyone pays a fair share. Also on the show: A look at Tesla Motors effort to open up the Texas market, Texas school districts letting teachers with a CHL carry a gun on campus, and the Texas history behind John Ford's classic film, "The Searchers."
Elon Musk, the owner of Tesla Motors and creator of commercial space exploration company SpaceX, spoke at the capitol urging lawmakers to approve a set of bills that allow his car company to be able to sell their cars in Texas.
During his time at the capitol, the billionaire car maker also met with Gov. Rick Perry about the issue.