John Paczkowski

Recent Posts by John Paczkowski

California Pumps $10 Million Into Tesla for SUV

Luxury electric car maker Tesla is getting a bit of government help to bring its next vehicle to market.

The California Energy Commission on Wednesday approved a $10 million grant that Tesla is to use to expand manufacturing capacity for its forthcoming Model X SUV. Under the terms of the company’s agreement with the commission, Tesla will match the grant with $50 million of its own money and use the entire sum to keep Model X production rates high when it finally hits manufacturing in 2014. That will involve the hiring of 700 additional workers when the time comes — hopefully enough to avoid the slower-than-expected ramp-up that troubled the Model S sedan. And if all goes as planned, Tesla will take another step toward its goal of producing a truly mainstream electric vehicle. Not that the X is that car. Tesla says it will fall in the same price range as the Model S, which runs $50,000 to $70,000.

“Too often we’re portrayed in the press as only producing an electric sports car,” Mike Taylor, Tesla’s VP of finance, said today, according to Forbes. “I think that misses the point of what Tesla Motors is trying to do and why it’s important for California. Our mission has always been to aggressively promote electric vehicles for the masses.”


Twitter’s Tanking

December 30, 2013 at 6:49 am PT

2013 Was a Good Year for Chromebooks

December 29, 2013 at 2:12 pm PT

BlackBerry Pulls Latest Twitter for BB10 Update

December 29, 2013 at 5:58 am PT

Apple CEO Tim Cook Made $4.25 Million This Year

December 28, 2013 at 12:05 pm PT

Latest Video

View all videos »

Search »

Nobody was excited about paying top dollar for a movie about WikiLeaks. A film about the origins of Pets.com would have done better.

— Gitesh Pandya of BoxOfficeGuru.com comments on the dreadful opening weekend box office numbers for “The Fifth Estate.”