Tesla Calls Town Hall Meetings to Calm Angry Buyers
January 23, 2009 by admin · Leave a Comment
It seems that even an email from CEO Elon Musk has had little calming effect on the anger felt by locked-in Tesla Roadster buyers at being told they will have to pay more for their cars. The company is turning to a previously-successful approach and has announced a set of town hall meetings to quell buyer fury.
Scheduled for the 26th and 27th at the Los Angeles and Menlo, CA stores respectively and hosted by Elon and other staff, the events can be attended in person or by phone. Read more
Tesla Receives Another $40M to Keep Going
November 4, 2008 by admin · Leave a Comment
It’s not been smooth sailing for Tesla Motors lately, starting with a staff layoff and an ouster of its CEO a little over two weeks ago and followed by reports that the company had only $9 million left in the bank. However lead investor and new CEO, Elon Musk has made good on his promise to find more funding for the company, raising $40 million from existing investors.
A simple press release came out last night highlighting the fact that the funding is for convertible debt, not equity. That means the investors will have the option to convert their money to shares in the company later, depending on valuation — but for now, it seems that one side or the other is uncomfortable quantifying precisely what Tesla is worth. Read more
