DETROIT — General Motors says a pending breakthrough in battery chemistry will cut the price of its electric vehicles so they equal those powered by gasoline within five years. The technology also will increase the range per charge to as much as 450 miles. The company’s product development chief promised...
Tesla Raises Goal in Capital Hunt and Musk Doubles Down
DETROIT — Just one day after announcing plans to sell notes and stock to raise much-needed capital, Tesla boosted the size of its offering to as high as $2.7 billion on Friday. The Palo Alto, California, electric car and solar panel maker said it's increasing the offer due to the...
Tesla Stock Skids on Reports It Asked Suppliers for Refunds
NEW YORK — Shares of Tesla tumbled Monday on reports that the company asked suppliers for refunds to help it turn a profit. A memo provided to The Wall Street Journal shows the electric car maker asked a supplier to return what it calls a meaningful amount of money on...