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.

{ 11 comments }

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)

{ 145 comments }

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.

{ 0 comments }

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.

{ 2 comments }

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.

{ 2 comments }

← Previous Entries