The global economy is awash in venture capital seeking the next big thing. But if America is to create start-ups again like it did in the 1990s, Harvard Business School professor William Sahlman thinks two specific things need to happen.
California electric-car company Tesla Motors has filed for a $178 million IPO, which will make it the first U.S. car company to go public since Ford. Will the startup be able to compete with more established automakers and turn a profit?
Tesla Motors hopes to raise about $178 million in what would be the first IPO by an American auto company since 1956. The Palo Alto, Calif.-based electric car company plans to price its shares between $14 and $16, according to a Tuesday SEC filing.
A newly energized GM is setting up a $100 million investment fund to bet on technologies that the automaker hopes will enable it to launch desirable, more fuel efficient cars -- and do so faster than its competitors.
With this move, Tesla CEO Elon Musk has a chance to silence the critics of his company and his stewardship, blunting contentions that Tesla would have died without Uncle Sam's recent largesse. The main complaint: Tesla wasn't a real car company. This deal changes that -- and a lot more.
Three employees of Silicon Valley electric car start-up Tesla were killed Wednesday when their small passenger plane crashed into an electric tower in East Palo Alto, Calif, the company confirmed. CEO Elon Musk was not among them.
California's Lunera Lighting is a cutting-edge LED maker that's using a contract manufacturer in the East Bay, near San Francisco. Its reasons for doing so shed light on some forces that could aid other U.S. manufacturers in the race for global competitiveness.
