Sign the Pledge!
    Sign the petition to show that you don't intend to buy another car until the automakers start producing cost effective alternative fueled cars.

    Tell them you are now driving your last gas car!

    Sign the Pledge
Subscribe to LastGasCar!
Updates By RSS:

Choose your reader:

RSS Feed
Updates By Email:

Enter your email address:

Social Bookmarks:
Add to Technorati FavoritesAdd to Stubmleupon

Tesla secures a $40 million boost

Tesla received a infusion of $40 million in convertible debt financing from its investors this week. The board approved the cash to speed up the manufacturing process of the Tesla Roadster.

“Forty million is significantly more than we need,” said Elon Musk, Tesla Chairman and CEO. He goes on to say “However, the board, investors and I felt it was important to have significant cash reserves.”

Not only will the money help with production, but they will also use the cash to expand Tesla’s electric powertrain supply business and future product development. Tesla, like every other car maker, has recently had some issues due to the economic downturn and credit crunch, but demand for their cars is still high.

Like this info? Please social bookmark!
  • Digg
  • StumbleUpon
  • Reddit
  • Facebook
  • Google
  • Slashdot
  • NewsVine
  • Technorati
Posted in Electric, Tesla on 11-05-08
Subscribe to Lastgascar | Subscribe to comments

RSS feed | Trackback URI

Comments »

No comments yet.

Name (required)
E-mail (required - never shown publicly)
Your Comment (smaller size | larger size)
You may use <a href="" title=""> <abbr title=""> <acronym title=""> <b> <blockquote cite=""> <cite> <code> <del datetime=""> <em> <i> <q cite=""> <strike> <strong> in your comment.