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Tesla reveals prices for the Model S EV

Tesla Model S Price Revealed The Tesla Model S finally has a proper price attached to it, with the base model starting at $57,400 and the range topper coming in at $87,400. It’s easy to take the mickey out of Tesla and their promise of an electric car nirvana with the Model S. The prices Tesla has always quoted revolve round a four seat, four door luxury executive express coming in at a frankly unbelievable sub $50k.

Concept Car of the Week: DeTomaso Zonda (1971)

Not satisfied in producing one of the most astonishing sports cars of the ‘60s with the Mangusta, Italian carmaker DeTomaso asserted its ambitions in 1970 by presenting an even more striking sports car, the Pantera, alongside the luxurious Deauville four-door sedan, both powered by the same Ford V8 engine. Those new gorgeous models were the work of Dutch-born Tom Tjaarda, then head of design at Ghia. Despite those amazing cars, the styling house was struggling to make a profit and that same year, Alejandro DeTomaso sold Ghia along with a large chunk of his company to Ford, which was looking for that exotic Italian touch.

Bondholders snub GM, bankruptcy filing likely

Nowhere near enough General Motors bondholders agreed to exchange their debt for stock before a midnight Tuesday deadline, making a bankruptcy filing by the automaker highly likely. GM had set a threshold of 90 percent of the $27 billion in bond debt it wanted to exchange for 10 percent of the stock in a reorganized company for the deal to take place. In a statement Wednesday, GM said the amount of notes tendered was substantially less than the 90 percent target.