Doing what Ross Gerber (and others) expected, Tesla has announced it is raising approximately $2 billion dollars to boost its balance sheet. Tesla CEO Elon Musk seemed to hint recently that the company would do that. Some of our others may comment on this topic further in the coming hours and days, but in the interest of covering the news in a timely manner, below is Tesla’s press release on this topic.
US solar energy provider SolarCity reported first quarter earnings for 2015, narrowing its net loss and recording a record 237 MW booked. At the same time, SolarCity announced that it had closed what is believed to be the largest financing aggregation facility for distributed generation solar projects, closing a $500 … [continued]
Editor’s Note: Here’s some rather big news hot of the wires regarding SolarCity, and rooftop solar in general: SAN MATEO, Calif., March 25, 2014—SolarCity (Nasdaq: SCTY), a leading provider of clean energy, today announced it has received all commitments to its $250 million financing facility provided by a group of … [continued]
Originally published on EV Obsession. At the beginning of the year, I had the strong sense that it was a good time to invest in Tesla. I had never bought stock before, but from covering the Tesla Model S and other electric vehicles, I got the sense that a ton of people … [continued]
Clean energy distribution company SolarCity announced late last week that it had filed with the U.S. Securities and Exchange Commission (SEC) relating to a proposed initial public offering (IPO) of its common stock. This early on, there are no numbers of shares to be offered or a price range … [continued]
