Tag: Tesla Motors

AP Photo

30 Companies Operating Self-Driving Cars on California Roads

There are now 30 companies testing 202 self-driving cars on California’s public roads, following a decision by the California Department of Motor Vehicles to license Apple Inc. to begin testing 3 self-driving sport utility vehicles (SUVs).

Elon Musk (Scott Olson / Getty)

Tesla Crashes by $4.8B After Bidding for Musk’s SolarCity

Tesla Motors stock tanked by 15 percent Tuesday night after the company announced a $2.8 billion deal to buy SolarCity — a deal that will give Elon Musk and his relatives another $700 million in Tesla stock.

AP Photo

Tesla Uses $300M in Model 3 Deposits to Stay Afloat

Tesla Motors Inc. caused a sensation by picking up $300 million in Model 3 customer deposit cash in just 96 hours this week. The hidden story: that money may have rescued Tesla from a precarious negative working capital crisis. Tesla now has the opportunity to become a profitable car company for the first time.