Tesla raises more cash from backers
From Times Wire Services
Tesla Motors Inc., aiming to be the first high-volume electric car maker, raised $40 million more from Silicon Valley investors to ensure that it could begin production next month after delays and a management shake-up.
Tesla is closing the “funding round right now,” Chairman Elon Musk said. San Carlos, Calif.-based Tesla collected $100 million earlier from backers including Google Inc. founders Larry Page and Sergey Brin and venture capital firms such as Palo Alto-based Technology Partners.
