From the category archives:
Finance
Tesla Raises $240 Million & Revamps Roadster
by David Heyerman on July 16, 2010
- Tesla Motors officially went public last week and collected a total of $226.1 million in the IPO.
- The stock opened up at $17 and closed at $23.89.
- To put up with such high demand for the stock, Tesla raised the amount being offered at the last minute from 2.2 to 13.3 million shares.
- On top of the IPO news, Tesla unveiled the Roadster 2.5, sporting a reshaped grill and interior upgrades including an optional touch screen navigation system with back-up camera.
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2010 Cleantech Investments Through The Roof
by David Heyerman on April 11, 2010
- Cleantech startups are literally “cleaning up”.
- Within the first three months of the year, worldwide investors have already put forth $1.9 billion, a whopping 83% increase from the same time last year and 29% more than the fourth quarter of 2009.
- Electric-car and Solar startups took in the most.
- 81% of the investments came from the US, 14% from Europe, 4% from China, and 1% from India. (figures via the Cleantech Group)
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Soros: A Billie, A Billie, A Cleantech Billionaire
by David Heyerman on October 14, 2009
- George Soros, Hedge-fund manager and billionaire just went green.
- He recently announced that he would be investing over $1 billion of his own cash into clean energy technology.
- Of course, he’s doing this because of the profitability of it all, and what hedge-fund manager would do it for anything else? Although, he did mention that the investment should “actually make a contribution to solving the problem.”
- Congrats Soros, you’re a winner, now just convince your friends to stop being cheap bastards and do the right thing as well.
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Steven Chu Means Cleantech Business
by David Heyerman on October 14, 2009
- Look at that face. This man isn’t messing around. He wants cleantech, and he wants it now.
- That’s why he’s made statements like this; “If it were up to me, I would put every cent into electric cars.” I like your blunt nature, sir.
- Already, the DOE’s put billions into the auto industry for plug-in vehicles: Ford ($5.9 billion), Nissan ($1.6 billion), Tesla ($465 million) and Fisker ($528 million).
- I know a lot of people don’t like him. I say, let’s re-visit this topic 3 years down the line, I think they’ll be singing a different tune by then.
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Good Riddance: GM Sells Hummer To Tengzhong
by David Heyerman on October 9, 2009
- GM just sold 80% of the Hummer brand to Tengzhong and 20% to a private investor for $150 million. They apparently have plans to manufacture a “green” hummer. Good luck with that.
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