Tesla Revs Up $40 Million

Lee, Michael
November 2008
Red Herring;11/3/2008, p4
Trade Publication
The article reports on the $40 million in financing raised by Tesla Motors. The funds came from most of its current backers, including Elon Musk, VantagePoint Venture Partners, Draper Fisher Jurvetson and Technology Partners. The convertible debt funding comes after Tesla experienced economic pressures that resulted in staff layoffs. Tesla hopes to begin production on the Model S, an all-electric four-door sedan, by 2011.


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