Tesla Looks for $400 Million

Posted On December 1, 2008 | by AllenCaron

Tesla Motors, www.teslamotors.com, is seeking $400 million in low-interest loans to move ahead, according to this article in CNET today.  Tesla has been perhaps the highest-profile EV company, with a huge PR push at recent auto shows, lots of tv and print publicity.  http://news.cnet.com/8301-11128_3-10110207-54.html?part=rss&subj=news&tag=2547-1_3-0-20.  With stated goals to have millions of EVs on the road over the next 10 years, companies like Tesla are closely watched for viability, and as predictors of success.  Others to watch are battery companies, including dark horse Axion Power International*, which has a new and inexpensive variation on the advanced lead-acid battery that can power these cars cheaper than the Li-ion makers.  www.axionpower.com.  See also http://theenergycollective.com/TheEnergyCollective/30832 for comments on Tesla’s future.

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