Codebreaker

Tesla keeps going

John Moe Jun 29, 2010

Tesla, makers of an all-electric incredibly expensive car, will have enough cash to continue operating for at least another couple of years after raising $226 million in an IPO. Founder Elon Musk, famous for founding PayPal and for having a totally rad name, was reportedly close to bankruptcy but still trying to produce their new model, the Model S. It’s an all-electric car priced around $50,000. They’re taking reservations now.

Tesla Motors, we’re talking about here. Not:

and certainly not:

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