Tesla Motors UK EV Charger Deal & Stock Offering

By Admin
Tesla Motors—the Palo Alto California Electric Vehicle company taking the budding market by storm—has had a busy week. The EV manufacturer...

 

Tesla Motors—the Palo Alto California Electric Vehicle company taking the budding market by storm—has had a busy week.  The EV manufacturer has filed sold 5.3 million shares of its stock to the public in a "follow-on" offering. Tesla co-founder and CEO Elon Musk plans to buy 1.5 million shares in a private placement, and a subsidiary of Daimler Motor Co. will buy 644,475 shares. Tesla plans to use a portion of the the money to develop a Model X crossover vehicle. Tesla stock rose 8.5 percent higher with news of the shares’ release.

Tesla is also partnering with hotels and tourist stops in the United Kingdom to install ten public charging stations. The units will be privately owned, but available for free or variable rates.

 

SEE OTHER TOP STORIES IN THE WDM CONTENT NETWORK

CERAWeek 2011 in Review: Natural Gas the Solution to Oil Shortfall
Mining Helium-3 will Transform the Dark Side of the Moon

Types of Biofuels: Ethanol, Biodiesel, Biobutanol, and the Companies that Make Them

READ THIS MONTH’S ISSUE OF ENERGY DIGITAL!

Tesla Motors claims that drivers using the 70 amp charging units can re-fuel an empty lithium-ion battery system, as found in its Roadster, in approximately three hours. Tesla’s Roadster model has made its way to English roadways and its Model S sedan is soon to follow. 
Share

Featured Articles

Honeywell debunks hydrogen energy and its global challenges

Maya Gomez, Director of Green H2 CCM at Honeywell, uncovers the different types of hydrogen and the challenges of applying them for more sustainable energy

ABB Motion & WindESCo partner to strengthen wind energy

ABB Motion invests in WindESCo to sustain wind turbine performance, in a renewable energy drive that will help ABB in its net zero ambitions

Shell Energy UK and Germany acquired by Octopus Energy

Octopus delivers industry leading service whilst investing in clean energy systems — we will deliver this to the new customers too, says CEO Greg Jackson

Sustainability LIVE links to energy and electrification

Sustainability

Green energy: A hot topic at Sustainability LIVE 2023

Sustainability

Sustainability LIVE London sells out on 2023 conference

Sustainability