Tesla raises $1 billion in stock sale; 100,000 EVs now on American roads

[wtmusic]

"...Still, the big news – that is, something that's actually happened, not just bloviations about the future – is that Tesla raised more than a billion dollars in cash last week by increasing the amount of debt and equity it was offering. Instead of selling a total 2.7 million common shares, CEO Elon Musk put up 3.39 million, and bought $100 million himself. This showed confidence, which was admittedly already there, and Tesla raised far more than the $830 million originally expected. The money will be used, in part, to pay back the US government for the $465-million Department of Energy loan.

The good news prompted an unnamed banker to tell IFR what it looks like on the other side of the skepticism spectrum: "[CEO Elon] Musk has a vision of creating a $50 billion-plus company in five years," adding, "There is a fundamental view of a scenario where Tesla becomes the next GM or Ford."

http://green.autoblog.com/2013/05/21/tesla-raises-one-billion-stock-could-reach-200/

"Plugged In: US Electric Car Sales Hit 100,000

Somewhere today – probably in Portland, San Francisco or Seattle or some place like that – the 100,000th plug-in electric vehicle was sold in the United States.

That’s the estimate from the EV advocacy group Plug In America, which as of early this afternoon put the number at 100,115 and counting. The group says it bases its number on monthly sales data provided by carmakers."

http://www.earthtechling.com/2013/05/plugged-in-us-electric-car-sales-hit-100000/

[liberal N proud]

1. Someone down the street from me owns one of those beauties.

I see (don't hear) it go by when once and while when I am in the front yard.

[godai]

2. Next year, Mercedes will market an EV with Tesla supplied batteries.

http://money.cnn.com/2013/03/27/autos/mercedes-tesla-b-class-electric/index.html


Great idea for Elon Musk to develop a Tesla battery and supply other car manufacturers. A Mercedes EV!