Tesla reported a $110.8 million loss in the third quarter. Despite losses, the electric carmaker plans to ramp up production of its Model S sedan to 400 cars per week by next month.
Tesla Motors Inc reported a bigger third-quarter loss on Monday as it ramped up production of its Model S sedan, and the electric carmaker maintained its 2012 revenue outlook.
Continue reading Tesla reports $110M loss, ramps up Model S production
When Toyota and Tesla Motors announced an agreement last year to collaborate on electric versions of the RAV4 compact S.U.V., there was much speculation that the battery car would be built at the 5.5-million-square-foot Nummi plant in California that Tesla bought in 2010. The plant, based in the Bay Area community of Fremont, had been jointly operated by Toyota and General Motors, and had sufficient capacity to accommodate production of other vehicles alongside the Model S sedan, expected to begin deliveries in mid-2012.
Instead, Toyota announced Friday that the electric RAV4 would be built in 2012 with the regular gas version at the automaker’s factory in Woodstock, Ontario. Tesla will build drive trains for the electric RAV4s at a plant at its Palo Alto, Calif., headquarters, then will ship them to Canada.
Continue reading Tesla-Powered Toyota RAV4 E.V. to Be Built in Canada, Not California