elon musk
Tesla’s Future Gets a Charge With $226 Million Raised in IPO
Despite never turning a profit and selling as few as just 1,000 vehicles, Silicon Valley electric car maker Tesla Motors has raised $226 million in an initial public offering. Even more amazing is the fact that Tesla was able to generate such investment in the midst of a still shaky economic recovery that has seen…
Tesla Unveils Plans for Cabriolet, Crossover and Van in IPO Presentation
American electric car maker Tesla is about ready to launch its IPO and go from a small niche market automaker to possibly a large international electric vehicle powerhouse. But in order to make hat next big step CEO Elon Musk needs money, and lots of it. So before he opens up his company to the…
Tesla Releases IPO Details, Expects To Raise $185 Million
The end goal for most venture-capital financed start-ups is to issue an IPO and help get some money into the hands of those investors brave enough to give the company money at the early stages. Tesla Motors, perhaps the first Silicon Valley car company(and headed by Elon Musk, a former dot-com executive), is about to…
Report: Tesla CEO Elon Musk Is Broke
At 38 years old, Elon Musk has already lived a life filled with more adventures and pitfalls than most of us can fathom. The founder of PayPal, Tesla Motors and SpaceX was also a one time owner of a McLaren F1, the holy grail of car collecting, and served as the inspiration for Tony Stark,…
UAW Putting Pressure On Toyota/Tesla To Hire Union Workers For New Joint Venture
The United Auto Workers is busy inserting itself into the Toyota/Tesla joint venture barely 24 hours after it was even announced. The two companies announced that they would be collaborating on electric vehicles, and Tesla would be taking over the revolutionary (at the time) NUMMI plant in Fremont, California, to build their new Model S…
Report: Tesla To Expand Lineup With Sedan, Crossover
Tesla Motors is set to expand its lineup with the previously announced Model S sedan, as well as an all-new crossover. First up is the Model S sedan, due in 2012. It is expected to retail for $50,000, about half the cost of the Tesla Roadster sports car. By 2014, Tesla will introduce a replacement…
Mercedes Parent Company Daimler Buys 10% Stake in Tesla
Daimler has just announced that it has reached an agreement with Tesla Motors Inc., that will see the German automaker gain a 10 percent stake in the California-based electric car maker. Along with an undisclosed amount of money the agreement will help forge a partnership between the two companies as they work to bring electric…
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