Tesla stock jumps 31% after record $562M in sales and first-ever quarterly profit

May 8, 2013 6:20 PM John Koetsier
John Koetsier

Electric car manufacturer Tesla's stock jumped in after-hours trading today after the company announced the first quarterly profit in the its 10-year history and record sales of over half a billion dollars in the first quarter of 2013.

The sad long story of Fisker Automotive, ‘the largest VC-backed debacle in U.S. history’

April 17, 2013 4:35 PM John Koetsier
John Koetsier

Editor's Pick "Fisker spent a stunning $900,000 for each vehicle it produced," PrivCo chief executive Sam Hamadeh told me. "Then they sold them to dealers for an invoice price of just $70,000."

Bad karma: Electric car pioneer Fisker loses co-founder, chairman, and designer Henrik Fisker

March 13, 2013 10:48 AM John Koetsier
John Koetsier

Apparently, it's not easy starting a brand new car manufacturing company.