Tesla Motors secure $40M in Convertible Financing
Startup Meme Nov 03 08
After having laid off 18 percent of its staff, Tesla Motors, Elon Musk’s electric sports car startup got another lifeline in the form of its new line of $40 million convertibles. The $110,000 cars, most of which have already been paid in full and others which have deposits of $5,000 to $60,000 on them, are 100% electric-battery powered, run 244 miles per charge, burn no oil and go 0 to 60 in 3.9 seconds.
[via TechCrunch]
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