25 May '11, 4pm

Elon Musk Says Tesla Won't Be Sold, But Elon Musk Is Wrong

Elon Musk Says Tesla Won't Be Sold, But Elon Musk Is Wrong

'Revenge of the Electric Car' premiere: Tesla Motors CEO Elon Musk on red carpet Enlarge Photo In a sign of its continuing need for capital--and the good performance thus far of its stock--Tesla Motors said today it would sell 5.3 million more shares of common stock. At the same time, according to the announcement, Tesla CEO Elon Musk plans to buy an additional 1.5 million shares of the company in a private placement. An entity called Blackstar Investco, a unit of German carmaker Daimler, will also buy up to 644,475 shares of Tesla as well. Leading up to that announcement, Musk told Bloomberg last night that he "didn't think it's a good idea to plan to sell a company," and that he personally had no interest in selling Tesla to any other carmaker--or selling it at all, for that matter. Now, Elon Musk is a serial entrepreneur, and he knows how the game is played. He's sold c...

Full article: http://www.greencarreports.com/news/1060551_elon-musk-say...

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Tesla Roadster owner breaks past 100,000-kilometer milestone

Tesla Roadster owner breaks past 100,000-kilome...

green.autoblog.com 27 May '11, 2pm

Tesla owner drives Roadster more than 100,000 kilometers German owner sets an electric vehicle milestone driving his Roads...