Tesla wants some extra cash to build the Model X crossover

Tesla Motors Inc. is aiming to raise as much as $214 million from a secondary public offering of its shares and a private placement. The electric car maker said that some of its proceeds will be used to develop the Model X crossover vehicle. In the filing, Tesla said that a prototype of the vehicle will be unveiled towards the end of
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Whelan - 5/27/2011 8:20:06 AM

+2 Boost

You want some extra cash. Sell some frigin cars instead of constantly trying to make an entire lineup over the course of 30 years. By the time these cars come to market hybrid tech will be beyond what they offer and these will become nothing more than small volume rich boy toys for show.

Nonprofitable company is nonprofitable.

internationalmanofmystery - 5/27/2011 9:28:03 AM

+1 Boost

Couldn't agree more!! That Top Gear pseudo suit was nothing more than a smoke screen designed to protect its pot of gold!! lol

vtandon - 5/27/2011 2:14:11 PM

0 Boost

IMO there is no future for all electric cars. Its a good temporary solution to make all the enviromentalist happy.