Tesla Stock Plunges as Top Executives Leave

Tesla Stock Plunges as Top Executives Leave
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Stock values for the Palo Alto, California based Tesla Motors took a nose dive after the official announcement of two executives would be leaving the company. A couple of months before Tesla plans to launch its all electric Model S sedan, Ricardo Reyes, a spokesman for the company, announced the departure of two individuals who were involved… Continue Reading...

Report: Smart fortwo Electric Car Announced for 2012

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Report: Smart fortwo Electric Car Announced for 2012
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Daimler AG has announced that the second generation Smart fortwo electric drive will go into series production starting in 2012. The announcement was made during the visit of French President Nicolas Sarkozy to the facility where the electric Smart cars will be built in Hambach, France. A small number of vehicles will begin production in… Continue Reading...

Mercedes Parent Company Daimler Buys 10% Stake in Tesla

Mercedes Parent Company Daimler Buys 10% Stake in Tesla
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Daimler has just announced that it has reached an agreement with Tesla Motors Inc., that will see the German automaker gain a 10 percent stake in the California-based electric car maker. Along with an undisclosed amount of money the agreement will help forge a partnership between the two companies as they work to bring electric… Continue Reading...
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