TITLE

Tesla Revs Up $40 Million

AUTHOR(S)
Lee, Michael
PUB. DATE
November 2008
SOURCE
Red Herring;11/3/2008, p4
SOURCE TYPE
Trade Publication
DOC. TYPE
Article
ABSTRACT
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.
ACCESSION #
36586099

 

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