Tuesday, August 17, 2010

Electric Sports-Car Maker Tesla Gets $82.5 Million Investment

Tesla Motors Inc., maker of an electric sports car that can accelerate to 60 miles per hour in 3.9 seconds, received an $82.5 million equity investment from a group led by Fjord Capital Management.“It was an opportunistic investment,” Elon Musk, chief executive officer of San Carlos, California-based Tesla, said today in an interview at the Frankfurt Motor Show. “We were not looking for money.”
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