Tesla Receives $82.5M from Fjord Capital Management

Executives deliver 700th Roadster at Frankfurt Auto Show.

Published: 16-Sep-2009

Tesla Motors Inc., maker of an electric sports car that can accelerate to 60 miles per hour in 3.9 seconds, received an $82.5 million equity investment from a group led by Fjord Capital Management.

“It was an opportunistic investment,” Elon Musk, chief executive officer of San Carlos, California-based Tesla, said today in an interview at the Frankfurt Motor Show. “We were not looking for money.”

Daimler AG, which invested $50 million in Tesla this year along with Aabar Investments PJSC, the Abu Dhabi fund that’s the German carmaker’s biggest shareholder, contributed to the offering to keep its stake at just under 10 percent, Musk said.


TREV two-place electric car

Student-built vehicle can do 0-60 in 10 seconds with top speed of 75 mph. Photo courtesy of University of South Australia.

smart electric car being recharged in Berlin

Aggressive driving and air conditioning could cut range of plug-in hybrids and electric cars in half, says Argonne researcher. Pictured is electric version of smart being 'charged' in this publicity photo at Berlin's Brandenburg Gate.

Jamie Lee Curtis takes delivery of second FCX Clarity fuel cell vehicle in USA.

Honda is focusing on affordable gasoline-electric hybrids and fuel cell technology. Pictured is actress/author Jamie Lee Curtis, the second USA customer to lease the FCX Clarity fuel cell sedan. Photo credit:Alex Berliner Berliner Studio/BEImages


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