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Panasonic invests $30M in Tesla Motors

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Panasonic Corporation has invested $30 million in Tesla Motors. The investment was made through the purchase of Tesla common stock in a private placement at a price of $21.15 We are proud to strengthen our relationship with Tesla Motors. Toyota sources its hybrid batteries from Primearth EV Energy Co.,

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Tesla Motors posts first quarterly profit

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The company said it achieved profitability despite the benefit of a one-time accounting gain related to the US Department of Energy (DOE) warrant. Total revenues for Q1 rose 83% from Q4 to $562 million, a new record for Tesla. Including those factors, its GAAP profit was $11 million.

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WVU NAFTC partners with Tesla Motors for professional development and electric drive vehicle first responder safety training

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The National Alternative Fuels Training Consortium (NAFTC) will hold its upcoming Electric Drive Vehicle First Responder Safety Training at the Tesla Motors headquarters in Palo Alto, Calif. Scheduled for 6-7 Dec.,

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Motor System Developer KLD Energy Raises $6M from Private Investors

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Austin, Texas-based KLD Energy Technologies, developers of a high-performance electric motor system ( earlier post ), has raised $6 million from private investors. KLD says that its motor system uses a nano-crystalline composite material to conduct energy more efficiently than traditional, iron-core motors.

Motor 210
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First Three Conditional Loan Commitments Under DOEs ATVM Program go to Ford Motor Company, Nissan Motors and Tesla Motors

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billion for Ford Motor Company; $1.6 and $465 million to Tesla Motors. These are the first conditional loan commitments reached as part of the Department of Energy’s Advanced Technology Vehicles Manufacturing program. Ford Motor Company will receive $5.9 Tesla Motors will receive $465 million in two parts.

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SolarCity introduces energy storage for businesses; Tesla battery technology

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SolarCity has unveiled a smart energy storage system to address rising utility demand charges and increasing grid outages affecting businesses. Elon Musk is the Chairman of Solar City, and Chairman and CEO of Tesla Motors. Elon Musk is the Chairman of Solar City, and Chairman and CEO of Tesla Motors.

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Daimler Sells 40% of Its Stake in Tesla Motors to Aabar Investments

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Daimler AG has sold 40% of its equity interest in Tesla Motors to its new major shareholder Aabar Investments PJSC (Aabar), of Abu Dhabi, in their first joint strategic project. In May, Daimler AG acquired an equity interest of just under 10% in Tesla Motors Inc. for about $50 million (€36 million). Earlier post.)