Tag: electric vehicle

Marcio Jose Sanchez/ Associated Press file

Tesla Plunges $2.5 Billion After Hedge Fund Shorts Stock

While Elon Musk was claiming that Tesla Motors will produce 500,000 electric cars in 2018 and 1,000,000 cars in 2020, a leading short-seller on Wall Street admitted he is now betting heavily against Tesla.

EV Station (Dimitar Dilkoff / AFP / Getty)

CA EV Charging Station Network Imploding

Tesla claims it will sell a half million vehicles a year when its $35,000 Model 3 is introduced in 2017. However, the network of charging stations in California is already imploding with just 160,000 registered electric vehicles on the roads.

Tesla being towed to dealer.

Tesla Open Source EV Patents Let Apple Jump in as Competitor

On June 12, 2014, Tesla CEO Elon Musk said on the company’s web site that “All Our Patent Belong to You.” In adopting an “open source” policy to allow others to use the company’s patented intellectual property for free, Tesla’s stock (NASDAQ-TSLA) went up and the company got lots of publicity. But the statement preserved patent rights by requiring “good faith”, which is definitely not “open source.” Now, in a bizarre move, Musk has announced unlimited free-use of Tesla’s patents. Twenty-four hours later, Apple leaked that it is designing an electric vehicle and is now bidding to recruit Tesla employees.