Memo to Apple: make an electric car November 14, 2010 WHAT a tragedy Apple doesn’t make cars. We would all be better off if it did. With the price of oil spiraling again, the world needs a real alternative to traditional, petrol-powered cars – not a slightly fake, subsidised, feel-good half-solution that appeases Western consciences, but a proper, competitive, efficient and high-performance electric car that [...]
Tesla Motors shares surge in second-best US IPO of the year June 29, 2010 ELECTRIC car maker Tesla Motors saw its shares surge 41 per cent yesterday in the successful first day of its initial public offering (IPO). Even as other stocks plunged, Tesla sold 13.3m shares at a price above its expected range of $14 (£9.30) to $16. Its shares opened at $19 and closed at $23.89 on [...]
Tesla offers more shares in flotation June 28, 2010 ELECTRIC carmaker Tesla Motors has raised the number of shares it will sell in its initial public offering by 20 per cent, an early sign that investor interest in the start-up is strong. The increase yesterday, a day before shares are expected to begin trading, brings the number of shares being offered to 13.3m from [...]
WHAT THE OTHER PAPERS SAY THIS MORNING June 27, 2010 THE SUNDAYS The Sunday Telegraph PRIVATE SECTOR WARNS ON PUBLIC SECTOR CUTS Leading companies have warned they will not be able to pick up the slack from the wide-scale job losses expected in the public sector. The warning raises concerns over a key part of the Chancellor’s spending cuts, which are based on the assumption [...]
Toyota electric deal not official May 27, 2010 Electric carmaker Tesla Motors said yesterday it has not struck a formal deal with Japanese carmaker Toyota to develop electric vehicles. The California start-up said in an amended registration statement for its initial public offering that it had “announced an intention to cooperate” with Toyota. Ex-Greek minister in probe
WHAT THE OTHER PAPERS SAY THIS MORNING May 23, 2010 FINANCIAL TIMES PRINCE ANDREW’S TRADE ROLE DEFENDED Buckingham Palace defended Prince Andrew’s globetrotting role promoting British business on Sunday after a newspaper sting appeared to show his former wife selling access to him for £500,000, offered by a reporter posing as a tycoon. Both the royal household and the government said the Duke of York’s [...]
Plug & play March 2, 2010 THE FACTS: TESLA ELECTRIC CAR PRICE: £86,950 RANGE: 236 miles 0-60MPH: 3.9 secs TOP SPEED: 125 mph CO2 G/KM: 0 THE demise of the combustion engine is not something I long for, yet burning through loads of cash on planet-warming fossil fuels is becoming as popular as smoking. The idea that the future of motoring [...]
US in green boost for Ford and Nissan June 23, 2009 FORD, Nissan and start-up company Tesla will reap the benefits of a $25bn (£15bn) loan programme from the Obama administration, designed to help them overhaul their US factories and make more eco-friendly cars, it emerged yesterday. The news came as Nissan unveiled plans to mass-produce electric vehicles at its Tennessee plant. Chief executive Carlos Ghosn [...]
GLORY DAYS FOR ROYAL ASCOT CITY RACING SET June 16, 2009 IT WAS smiles all round for the property world’s keenest racegoers yesterday, as a group of City real estate heavyweights toasted a win (and a hefty £167,472 prize pot) for their horse Paco Boy in the Queen Anne Stakes at Ascot. I hear Parkwood Property Investments partner Derek Lucie-Smith, one of the owners, was in [...]
Daimler snaps up Tesla stake May 19, 2009 German carmaker Daimler is buying a 10 per cent stake in US electric car firm Tesla Motors. The group, known for its luxury Mercedes-Benz cars, currently offers environmentally-friendly Smart cars but is keen to boost its green focus. Tesla in January agreed to build lithium-ion batteries for a new generation of Daimler electric smart cars.