The sports-car company's CEO feels the need for green speed and is testing electric versions of its Boxster. But he's not letting competitors like Tesla hurry him along. Porsche's focus: performance and a cruising range comparable to that of a sports car today.
DETROIT (Reuters) - Tesla Motors Inc <TSLA.O> won a near-perfect score for its Model S electric car in an annual owner-satisfaction survey conducted by influential magazine Consumer Reports and released Thursday.
Once upon a time, Tesla's Model S was supposedly the world's safest car. Then a few of them spontaneously combusted either in the comfort of their own garage, or while doing the unthinkable, i.e., driving over pieces of debris on the road, and questions emerged just how much money was used to bribe the NHTSA which had rushed to proclaim the Model S the safest car it has ever tested without apparently doing any actual testing.
Porsche is going hybrid—with plug-in hybrid versions of all its major models, eventually. And yes, that means not just the upcoming 918 Spyder and the 2014 Porsche Panamera S E-Hybrid, but also upcoming versions of the Cayenne, and even the 'sacred' mid- or rear-engine sports cars—the 911, Boxster, and Cayman.
OSNABRUECK, Germany (Reuters) - Volkwagen's sports car brand Porsche will reduce investment spending and cut costs next year to offset lower-than-expected car sales and maintain its high profitability in 2013. "We will possibly delay the one or the other project," Porsche brand chief Matthias Mueller said on the sidelines of the production launch of the new Boxster. He added that vehicle sales next year could be between 5-10 percent below the company's internal target, but they should still be on par with the number sold in 2012. ...
By Ryan Salomone:Tesla Motors, Inc (TSLA) is a designer and manufacturer of electric vehicles with enormous potential starting mid 2012 when it launches sales of its Model S. Many investors are shorting Tesla, electric vehicles, and green companies in general, however failures within the green industry will not be knocking on Tesla's door.
Shares in electric sports car maker Tesla Motors Inc jumped 18% to a record high on Thursday, after surprisingly strong second-quarter results convinced investors the company has found a route to sustainable profits.
Tesla’s shares have more than doubled since it reported its maiden profit in the first quarter of the year — hitting new highs most weeks.
At least seven brokerages raised their price targets after Tesla reported its second profit in a row late Wednesday, by as much as US$69 a share.
DETROIT/AUSTIN, Texas (Reuters) - Elon Musk, the chief executive of electric carmaker Tesla Motors Inc, criticized the traditional way of selling cars in the United States and indicated the model would hamper the 10-year-old U.S. automaker's growth prospects.
Detroit Electric, a startup electric-car maker reviving a brand that dates back more than a century, unveiled its first model on Wednesday: a $135,000, battery-powered sports car that is to go into limited production in August.