NHTSA Administrator Strickland to Step Down Amid Tesla (TSLA) Probe

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Go back to NHTSA Administrator Strickland to Step Down Amid Tesla (TSLA) Probe

Confidence Restored: Most Tesla (TSLA) Owners Use Model S as 'Primary Vehicle'

December 12, 2013 8:45 AM EST

While Tesla (Nasdaq: TSLA) might be the hottest thing to come around in the electric vehicle (EV) segment for some time, do people actually use the vehicle?

Surprisingly, the answer could very well be yes.

One Tesla enthusiast forum posted the following question for polling to the Model S section of the site: Is your Model S... More

German Tesla (TSLA) Model S Fire Review Bodes Well for NHTSA Investigation; PT Trimmed - Jefferies

December 3, 2013 6:54 AM EST

Jefferies analyst Elaine Kwei noted that after the close Tesla Motors (NASDAQ: TSLA) disclosed that the German Federal Motor Transport Authority came to a favorable conclusion in its investigation of the recent crash-related Model S fires showing no manufacturer defects were found. The review by the KBA "provides greater confidence that the current NHTSA investigation will be resolved positively as well. We are not aware of any other investigations at this time,"... More

Tesla (TSLA) CEO Musk: We Really Did Invite NHTSA to Review Model S

November 19, 2013 12:15 PM EST

Tesla Motors (Nasdaq: TSLA) CEO Elon Musk took to Twitter today following reports of an NHTSA probe into recent Model S fires.... More

Tesla (TSLA) CEO Musk Highlights Company Mission; Comments on NHTSA Probe

November 19, 2013 7:41 AM EST

Tesla Motors (Nasdaq: TSLA) CEO Elon Musk made the following post to the company's official website on Monday night. The post comes amid reports that the NHTSA has opened a probe into recent Model S fires. We've highlighted below where Musk addresses this issue (near the end of the statement), but we are not sure whether Musk made any requests to the NHTSA prior to the agency launching the probe (Nov. 15).

Notably, Musk has been a staunch supporter of the government taking a look into the incidents.

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The Mission of Tesla
By Elon Musk, Chairman, Product Architect & CEO

Our goal when we created Tesla a decade ago was the same as it is today: to accelerate the advent of sustainable transport by bringing compelling mass market electric cars to market as soon as possible. If we could have done that with our first product, we would have, but that was simply impossible to achieve for a startup company that had never built a car and that had one technology iteration and no economies of scale. Our first product was going to be expensive no matter what it looked like, so we decided to build a sports car, as that seemed like it had the best chance of being competitive with its gasoline alternatives.

I suspected that this could be misinterpreted as Tesla believing that there was a shortage of sports cars for rich people, so I described the three step master plan for getting to compelling and affordable electric vehicles in my first blog piece about our company. This was unfortunately almost entirely ignored.

In order to get to that end goal, big leaps in technology are required, which naturally invites a high level of scrutiny. That is fair, as new technology should be held to a higher standard than what has come before. However, there should also be some reasonable limit to how high such a standard should be, and we believe that this has been vastly... More