A sample text widget

Etiam pulvinar consectetur dolor sed malesuada. Ut convallis euismod dolor nec pretium. Nunc ut tristique massa.

Nam sodales mi vitae dolor ullamcorper et vulputate enim accumsan. Morbi orci magna, tincidunt vitae molestie nec, molestie at mi. Nulla nulla lorem, suscipit in posuere in, interdum non magna.

USA: Top picks 2012: Tesla Motors

While Toyota has blanketed the U.S. with milquetoast hybrid Priuses, and the Chevy Volt and Nissan Leaf are uninspiring “appliances,” Tesla Motors (TSLA -2.42%) has done something different. It has built electric cars that are thrilling to drive.

And from its headquarters in Silicon Valley, Tesla has been acting like a high-tech company. And why not, considering that co-founder and CEO Elon Musk made his fortune by selling PayPal to eBay for $1.5 billion?

Musk looms large in the story because he used much of his own money to bankroll the project, supplemented in time by money from private investors — as well as $465 million from the U.S. Department of Energy.

Last year’s IPO was just the latest chapter of financing, and possibly the last. From the beginning, Tesla’s goal has been to create and sell affordable mass-market vehicles that would reduce oil consumption. But the company hasn’t yet targeted the mass market.


1 comment to USA: Top picks 2012: Tesla Motors

Leave a Reply

This site uses Akismet to reduce spam. Learn how your comment data is processed.