Tesla has finalized an $82.5 million series F funding round, according to a spokeswoman for the company. Tesla raised $82.5 million in funding from Daimler, Fjord Capital Partners, Aabar and other undisclosed investors. We have been informed that Tesla CEO and PayPal founder Elon Musk was not an investor in this round. This adds to the $50 million Tesla received from Daimler in May, bringing the total amount invested in the electric car company to $783.5 million.
Telsa says the new funding will be used to accelerate Tesla’s retail expansion of the Model S. Tesla has already opened regional sales and service facilities in London, Munich, New York, Seattle and in California’s Silicon Valley and Los Angeles. It plans to open stores later this year in Monaco, Washington DC, South Florida and Toronto.
We hear that Tesla’s valuation increased from May but the company is not disclosing the amount. Tesla has been on a roll recently. They announced profitability, secured $465 million in government loans to build their next car plant and raised another $50 million in equity from Daimler that valued the company at $550 million.
Cheers to Elon Musk. I’m sure he could have retired to a beach some place a long time ago but decided to roll the dice instead.
Wait where’s their product? Has it been released yet? Has everyone on the waiting list got theirs?
they shipped their 700th car to in germany this week.
Wow! That’s a lot of money.
Actually…. they’re electric…. no tank to put money in…. only battery cells…..
Seems like Tesla is doing everything right. Trying to start up a huge business in a slow economy isn’t the easiest thing in the world, but their cars certainly look beautiful and are definitely eco-friendly.
how eco friendly, where is the electricity coming from?
proves what an amazing place silicon valley is tho, i cant imagine any other place in the world where such a company would have a chance of success. most places would just point and laugh at anybody trying to start a new car firm from scratch.
i really hope british entrepreneurs can come together and turn oxford or cambridge into somewhere so special.
> how eco friendly, where is the electricity coming from?
Well, it’s certainly not coming from the Middle East or the Canadian Oil Sands. Even powering the car from coal plants is cleaner than getting it from petrochemicals.
I would like to see figures to state that cars using electricity from coal plants are cleaner than those using … I guess you meant hydrocarbons .
Even if it were indeed cleaner I don’t think it would qualify for the label “eco-friendly”.
Anyway, cars using electricity is better for the environment since there are other sources than coal. + it’s great for my environment too.
You must be high on cocaine. Only idiots and mobsters start companies in Britain. Why the hell would anyone want to give away their hard earned money to the British tax system?
Btw. Daimler sold a part of their first investment to the sovereign wealth fund of Abu Dhabi.
I saw a Tesla parked on a street in Century City, Los Angeles about a week and a half ago.
Boston! Come on!
Something tells me that Elon is working on the first real flying car.
Great article written by the vehicles namesake.
http://www.tfcb.../1900-06-00.htm
Tesla is awesome company and leads efforts for better energy cars. That’s my angle
With Jon Sobel in the house, these guys are going to be HUGE.
“total amount invested in the electric car company to $783.5 million”
Per CrunchBase, that includes $505m in debt which is a bit different from equity.