Friday, July 16, 2010

Electric Vehicle Stock News, Tesla (Nasdaq: TSLA) on the move, trading at $20.96, up $1.07 (5.38%)

Electric Vehicle Stock News, Tesla (Nasdaq: TSLA) on the move, trading at $20.96, up $1.07 (5.38%)

EVCARCO (OTCBB: EVCA) Expands Global Operations with the Opening of Latin American Alternative Vehicle Advisory to South American Countries

July16 , 2010 - ( renewable energy/green newswire ) a leading global investor and industry portal covering the green and renewable energy sector reports on recent green car stock news for investors following the sector.

Tesla Motors, Inc. (Nasdaq: TSLA) has given investors a wild ride following its IPO success, then dropping below its IPO price and now racing ahead again, trading at $20.96, up $1.07 (5.38%) 10:54AM EDT.

*Electric Car News; Tesla Motors (Nasdaq: TSLA) and Toyota Motor Corporation Formalize Agreement to Develop Electric Version of RAV4

-Tesla Motors, Inc. (Nasdaq: TSLA) and TOYOTA MOTOR CORPORATION (TMC) today announced that the two companies have signed an agreement to initiate the development of an electric version of the RAV4 as announced in May of this year by Elon Musk and Akio Toyoda. With an aim to market the EV in the United States in 2012, prototypes will be made combining the Toyota RAV4 model with a Tesla electric powertrain. Tesla plans to produce and deliver a fleet of prototypes to Toyota for evaluation within this year. The first prototype has already been built and is now undergoing testing.

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About Tesla Motors, Inc.

Tesla Motors, Inc. (Nasdaq: TSLA) designs, develops, manufactures and sells high-performance fully electric vehicles and advanced electric vehicle powertrain components. In addition to designing and manufacturing vehicles, Tesla sells and services them through its own sales and service network. Tesla has delivered over 1,000 Tesla Roadsters to customers in 22 countries. Tesla is headquartered in Palo Alto, California.

*EVCARCO Board Approved Expansion to South America as Market for Alternative Energy Vehicles Receives Massive Government Support

DALLAS, TX and LIMA, PERU and BOGOTA, COLOMBIA - July 15, 2010 ( Newswire) - EVCARCO (OTCBB: EVCA), a publicly held company in alternative energy vehicles, announced today the board of directors has approved the expansion of EVCARCO operations into South America. The company has appointed Bogota, Colombia as its base of operations for the Texas Corporation

The company, which is focused on alternative energy vehicles, has seen a dramatic increase in inquires from South America as well as specific government requests to supply all electric units for fleet use.

Scott ONEAL, COO, stated, "After visiting South America, and meeting in Colombia with government officials I was impressed at the willingness and Desire to create alternative energy fleets in several branches of government. It is the perfect time for EVCARCO to expand into these countries, noting that in some countries gas prices are nearly double U.S. regulated prices, making alternative fuel options financially viable even in developing nations.

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EVCARCO ( is the first automotive retail group dedicated to deploying a coast-to-coast network of eco-friendly dealerships and vehicles. EVCARCO is bringing to market the most advanced clean technologies available in plug-in electric and alternative fuel vehicles. EVCARCO has developed a dealer network allowing growth into most US States by 2012.

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