Tesla Motors Inc (TSLA) News: Clashes, Musk/Iacocca & Superchargers!

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Changing face of Silicon Valley (IndiaTimes)
In a busy factory, machinists move sheets of aluminum roll in the back door to be molded, stamped, twisted and notched into high-tech electric cars that sell for more than $60,000 each. …From Tesla Motors Inc (NASDAQ:TSLA), making cutting-edge cars, to Solaria, making solar panels, manufacturers are drawn to Fremont by incentives including a five-year waiver on business taxes, an expedited regulatory process, proximity to Silicon Valley firms and a skilled labor force.

Tesla Motors raises more than $1bn from debt, equity (BusinessSpectator)
Tesla Motors Inc (NASDAQ:TSLA) has upsized its debt and equity offerings, as the electric car maker capitalises on surging investor demand to raise more than $1 billion in cash. The US company late Thursday increased the size of the convertible bond offering to $600 million, after increasing it earlier that day to $525 million from an initial $450 million. Meanwhile on Friday Tesla Motors Inc (NASDAQ:TSLA) finalised a per share price of $92.24 for the sale of 3.39 million common stock shares. It had originally planned to offer 2.7 million shares. With overallotment options included on both offerings, total fundraising is $1.02 billion.

Three Cheers for Tesla (PowerLineBlog)
I have always been skeptical of electric vehicles, mostly because of my perception that electric car makers are more interested in subsisting on government subsidies than in competing on a level playing field for my business. So I was intrigued when I got an email this morning from Jeff Evanson, Tesla Motors Inc (NASDAQ:TSLA)’ Vice-President of investor relations. Evanson, a long-time Power Line reader, pointed out that the company raised over $1 billion last week, and will use a portion of those proceeds to pay off its loan with the Department of Energy ahead of schedule. This will make Tesla Motors Inc (NASDAQ:TSLA) the only US-based auto maker with no government debt.




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