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Musk sticking to plan for 'affordable' Tesla model

By now, we've all heard that Tesla has repaid its loan from the US Department of Energy - nine years ahead of schedule - and the Model S is selling well enough to put at least a little fear into Audi, but what's next? Well there's the Model X crossover slated for late next year, but it's the long-promised, frequently mentioned "affordable Tesla" that could really help cement the automaker in the automotive industry record books.
According to Bloomberg, CEO Elon Musk talked more about the new baby Tesla recently, saying that the car should come to market by 2017 at the latest. In terms of details, Musk says it will be priced below $40,000 with a range of about 200 miles. Taking a swipe at the would-be competition, he also added that it will be nicer than a Nissan Leaf. Given the recent Tesla-related PR blunders from Audi and Chrysler recently, we hope Nissan won't vent its displeasure at that statement.

Tesla Model S will get price increase

Tesla has confirmed the Model S will soon see a price increase. The company has yet to release details on how much more the critically acclaimed electric vehicle will cost moving forward, but has released a few details about how the shift will affect buyers with existing reservations. Tesla says the increase will not apply to anyone who has a reservation so long as they configure and finalize their order "within a fair and predefined timeframe." Likewise, those buyers who deferred their reservations will be able to keep the original pricing by finalizing their order within the same timeframe.
Tesla says the price shift will also include changes to the Model S option package structure, and that some features currently considered standard equipment will become added cost options in the future. As with the overall price increase, these changes will not impact those with current orders, reservations or deferred reservations. Expect to hear more about the price increase as information becomes available, and in the meantime you can read the brief press release below for more information.

Tesla's Elon Musk made $1.1 billion yesterday, how about you?

Thanks to skyrocketing share prices, yesterday was a very big payday for Tesla founder Elon Musk. The already wealthy businessman added another $1.1 billion, ten percent of his net worth, to his overflowing wallet yesterday after Tesla's shares hit $248. This time last year, TSLA was trading at roughly $34 per share.
Tesla's latest jump in a year that has already seen share prices climb 65 percent is thanks to positive reports from Consumer Reports on the company's Model S electric sedan, and some kind words from Morgan Stanley about the brand's plans for a battery factory.
Despite all the good news for Tesla yesterday, not all of the $1.1 billion Musk earned came from his automotive pursuits. SolarCity, which Musk is also the largest shareholder in, saw its share prices jump 3.1 percent, as part of a 43-percent jump in 2014.