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Tesla reveals revolutionary financing product

Tesla reveals revolutionary financing product

Tesla Motors has just revealed a new, amazing finance product that takes the best aspects of owning a car alongside the best aspects of leasing a car. With its new payment, those looking to purchase a Model S will be able to get one with virtually no down payment, as well as low monthly payments. After 36 months, they will officially own the car, which they resell back to Tesla for cash value, or obtain trade-in credit for it to be used towards their next Tesla Vehicle.

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Tesla cuts cheapest Model S as buyers opt for range instead

Tesla cuts cheapest Model S as buyers opt for range instead

Tesla has scrapped plans for a small battery version of its Model S all-electric car, claiming tiny driver interest makes the 40 kWh variant uneconomical for production. Only 4-percent of Model S buyers opted for the cheaper Model S, which started at $52,400, Tesla said in a statement today, along with the revelation that stronger than expected deliveries means the firm will make a full profit in Q1 2013. Those who went for the cheapest Model S rung will still get a car, though, borrowing the 60 kWh power pack from the $62,400 version, albeit with a software cap on range.

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Tesla Model X delayed to late 2014

Tesla Model X delayed to late 2014

While Tesla's Model S sports sedan is garnering all the attention at the moment, anticipation for the company's SUV model is also building. However, it looks like it won't be arriving on time as expected, since Tesla announced that the Model X will be delayed into 2014 and won't be arriving until later that year.

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Tesla will repay loan 5 years earlier than expected

Tesla will repay loan 5 years earlier than expected

Tesla had made statements before about repaying its loan to the Department of Energy ahead of schedule, and that it plans on forgoing help from the government in the future in order to thrive as a stand-alone company. Tesla has now stated that it has changed its loan's terms of agreement, and it expects to pay off the entire loan by 2017. That 5 years ahead of the anticipated December 2022 repayment target.

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Tesla loses hundreds of orders due to the NYT article

Tesla loses hundreds of orders due to the NYT article

Elon Musk, CEO of Tesla Motors Inc., stated that because of the controversy surrounding the New York Time's article written for Tesla's Model S, the company has lost hundreds of orders for the car. There were hundreds of cancellations pouring in, and it ended up cutting down Tesla's stock market value by up to $100 million. Since the N.Y. Times article was published, Tesla saw shares fall 12%, from $39.24 to $34.38. Also because of the article, Tesla's market capitalization fell around $553 million.

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Tesla gets NYT apology for Model S review: Musk approves

Tesla gets NYT apology for Model S review: Musk approves

It would appear that the New York Times has decided to speak up in regards to their recent review of the Tesla Model S electric vehicle, having been the subject of some major scrutiny a the hands of no less than Elon Musk, the car company's CEO. One of the larger stories of last week was that according to the Model S' own in-vehicle logs, the editor responsible for the review of the vehicle didn't follow the plans and suggestions made by the Tesla review crew - nor did he refrain from driving donuts through a parking lot. Now the New York Times is speaking up through editor Margaret Sullivan.

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