tesla

In the ongoing battle between Tesla and Top Gear, Elon Musk, CEO of Tesla, has finally spoken, comparing the BBC's popular automotive television program to a Milli Vanilli concert.

Panasonic announced that it has invested $30 million in California-based Tesla Motors.

The recently vacated NUMMI plant in Fremont, CA, will see life again. Tesla and Toyota announced late Thursday they will co-develop a new electric sedan, and use the NUMMI plant to build th

Ford, Nissan and Tesla have received loans that the companies say will help them tool up to manufacture their planned electric models, with the first cars arriving in 2010.

With a $109,000-plus sports car as its only vehicle on the market, Tesla Motors would appear to a niche player on the auto scene.

Yet parties including the U.S. government and a fund in Abu Dhabi are counting on the company's electric cars to one day go mainstream.

Tesla's CEO says that the material cost of the electric car company's Roadster has fallen to about $80,000.