Friday, October 31, 2008

Tesla Runs On Fumes, Looks For Fuel

High profile electric car maker Tesla Motors is down to $9M in the bank, and is raising $20M, according to Elon Musk, the firm's CEO. According to widespread coverage of the firm and Musk, in an interview with Retures, the firm is planning to raise $20M from its existing investors. The news came out after Valleywag reported the firm only had $9M in th ebank and may not deliver Tesla Roadsters that customers have already paid for.