Sunday, October 7, 2012

Tesla Motors: When “Green” is Sold Upscale Via Taxpayer Subsidies and Debt Repayment Delays

Tesla Motors Inc. said it plans sell as many as 8 million shares at about $28.25, raising as much as $225 million to avert a cash squeeze amid production delays.

The Palo Alto, Calif., electric-car maker earlier said it hoped to raise about $130 million by offering about 5 million shares after receiving a waiver on terms of a $465 million U.S. Department of Energy loan. The DOE on Monday agreed to delay a $14.6 million payment due next month to February and required the company to submit a plan by Oct. 31 that would repay the loan ahead of its 10-year schedule. - Wall Street Journal, 09/28/2012
Entire story is available at the following link:

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