Keeping Up With Tesla - Grand Plans Require Grand Funding

A few months ago, the Energy Hub looked at one of the most innovative tech announcements this decade - battery powered homes and offices, offered by sustainable energy powerhouse Tesla. This is but one part of their grand plan which includes the Gigafactory, Energy Storage Business, Charging Infrastructure and Products plus a range of Vehicles.

Headed by Elon Musk, the high risk / reward element is not for the faint hearted. Capital expenditure for this intense level of innovation has come in at $1.12 billion for the first half of 2015 alone. In a bid to increase cash, Tesla will issue $650m of stock options, with Elon Musk looking to purchase $20m worth himself.

Regarding the reward outcomes, there appears to be no doubt or concern as they report 'crazy' demand for their energy storage products, plus 20,000 deposits placed for the Model X EV.


To read more about Tesla's grand journey, read the Charged magazine article here..