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Filed under: Coupes , Hybrids/Alternative , Sports/GTs , Etc. , Earnings/Financials Tesla has big plans, and to finance them it plans to raise big money. How? First, with an influx of venture capital that could put 10-percent of the company in VC hands. There has also been talk of an IPO , which Chairman Elon Musk thinks could raise $100 million dollars, and Musk said he plans to take the company public by the end of this year. And to make sure Tesla's coffers are topped up, the company plans to partake in a loan guarantee program offered by the U.S. Department of Energy for up to $200 million. With a potential $300 million in the bank, not including the initial public offering, Tesla could get serious work done on the Whitestar sedan. Tesla hopes to have the sedan in production by 2010. If you're liking the sound of all this and want to know how you can get some Tesla stock, we recommend buying a Tesla. Musk wants to reward believers, and is trying to figure out how the company...
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Filed under: Convertibles , Sports/GTs , Etc. , Green , Plants/Manufacturing Martin Eberhard first conceived of what ultimately became Tesla Motors and the Tesla Roadster when he couldn't get AC Propulsion to build him a TZero . Since he wanted a battery-powered sports car, Eberhard set out to bring together a team that would build his dream car. Of course, it was always his intention to buy the first car for himself, but creating a car company from scratch is not a low budget proposition. Hence Eberhard had to bring in some investors to fund the program. PayPal founder Elon Musk came in big with a pile of cash in return for which he requested the first car. After some haggling, Eberhard agreed to take Roadster number 2 and things moved along. As we now know, Tesla encountered some speed bumps along the way and production got delayed by many months. The first production model was completed in December 2007, and delivered to Musk in February. Series production officially kicked off on...
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Filed under: Sports/GTs , Etc. , Audi , Saleen , Shelby , Celebrities Click image to enlarge The next television spot for Jon Favreau's Iron Man will debut this weekend during (what else) the Super Bowl. Quint at Ain't It Cool News scored a screen capture that shows our billionaire industrialist hero, Tony Stark, working in his garage on the armor's glove- and boot-mounted boosters. And what a nice garage it is, boasting not just Tony's R8, but a Shelby Cobra, a Saleen S7, a Tesla Roadster, and a pair of bikes we can't identify (weigh in if you can). Bruce Wayne, eat your heart out. [Source: AICN] Read | Permalink | Email this | Comments
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