Tesla Birth Watch 18: NOW How Much Would You Pay?
It may be hard for followers of this series to believe, but in an interview with VentureWire [sub], Tesla Motors' freshly-minted CEO Ze'ev Drori reveals that he's raised another $40m for the ill-fated electric sports car maker. And that's only the first round. This cash grab comes on top of the $100m Tesla has already burned in their seemingly endless pursuit of a production-ready Roadster. C/Net says the cash conflagration has caught the attention of dot bombers who've been there, done that, left the luxurious offices. "When companies get past the $100 million mark in funding without releasing a product, eyebrows start to go up in Silicon Valley. Something about that number tends to bring out skeptics." Why even C/Net is starting to ask a few questions (not to Tesla itself, but what the hey). "The delay of the Roadster could, possibly, lead to delays with the company's plans to come out with an all-electric sedan. Tesla has been hoping to come out with that in late 2009 or early 2010."