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With half an eye on a future where interest rates are likely to rise, Tesla has opted to tap investors for funds, and found them only too willing to oblige.
Pointing to a significant order backlog, the company said sales can be expected to experience a moderate year-on-year increase in the final quarter of fiscal 2015.
Pearson is offloading a 27.8% holding in The Economist Group to Turin-based Exor Spa, which is controlled by the Agnelli family, for £287mln.
Tesla Motors' automotive technology revolution is not cheap as the company’s losses increase in the second quarter.
During the quarterly results call on August 5, Tesla lowered its delivery targets for the rest of the year from a minimum of 55,000 vehicles to a range of 50,000 to 55,000. In 2014, the California based manufacturer delivered 35,000 cars.
The Wall Street Journal, citing unnamed sources, published an article on Wednesday suggesting that the two multinationals have held discussions on the matter and that they had even reached a preliminary stage of negotiation.
Tesla is not alone in advancing lithium-powered battery technologies.
It’s headline-grabbing stuff - Elon Musk says that his Tesla Corporation (NASDAQ:TSLA) aims to accelerate technological and market development by up to ten years in the roll-out of electric cars.