The company sells the electric Roadster, which may be helping change perceptions of electric vehicles, which many have seen as underpowered. The Roadster can accelerate to 60 miles per hour in just 3.6 seconds.
Tesla plans to shift to producing an electric sedan, called the Model S, in coming years, but it doesn’t expect to make money soon, which is why the successful IPO is a little surprising. The company also recently got a boost from Toyota, which agreed to work with Tesla on developing electric vehicles and to buy $50 million of Tesla’s stock. It’s also getting a $465 million load from the U.S. government, through the Department of Energy.
The next couple of years could be key for the company, which will face competition from major automakers such as GM and Nissan which plan to roll out electric vehicles two years before Tesla can started selling its luxury sedan.
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Robot vacuum companies say your images are safe, but a sprawling global supply chain for data from our devices creates risk.
A startup says it’s begun releasing particles into the atmosphere, in an effort to tweak the climate
Make Sunsets is already attempting to earn revenue for geoengineering, a move likely to provoke widespread criticism.
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These exclusive satellite images show that Saudi Arabia’s sci-fi megacity is well underway
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