Why 7 Billionaires Are Piling Into This Stock

Thanks to a new battery technology, electric vehicles (EVs) may cost the same as gas-powered cars — by next year… [Target Line News] [Battery]( Thanks to a new battery technology, electric vehicles (EVs) may cost the same as gas-powered cars — by next year… and one company that pioneered this new technology could offer the investment of a lifetime. - It has already attracted seven billionaire investors… - The technology is protected by 200 patents… - It is expected to trigger a 1,500% surge in EV sales over the next 4 years. [See if this stock is a good fit for your portfolio.]( Elon Musk took an active role within the company and oversaw Roadster product design at a detailed level, but was not deeply involved in day-to-day business operations.[19] The company's strategy was to start with a premium sports car aimed at early adopters and then move into more mainstream vehicles, including sedans and affordable compacts.[20] In February 2006, Musk led Tesla's Series B venture capital funding round of $13 million, which added Valor Equity Partners to the funding team.[21][16] Musk co-led the third, $40 million round in May 2006 which saw investment from prominent entrepreneurs including Google co-founders Sergey Brin and Larry Page, and former eBay President Jeff Skoll.[22] A fourth round worth $45 million in May 2007 brought the total private financing investment to over $105 million.[22] Tesla's first car, the Roadster, was officially revealed to the public on July 19, 2006, in Santa Monica, California, at a 350-person invitation-only event held in Barker Hangar at Santa Monica Airport.[23] In August 2007, Eberhard was asked by the board, led by Elon Musk, to step down as CEO.[24] Eberhard then took the title of "President of Technology" before ultimately leaving the company in January 2008. Co-founder Marc Tarpenning, who served as the Vice President of Electrical Engineering of the company, also left the company in January 2008.[25] In August 2007, Michael Marks was brought in as interim CEO, and in December 2007, Ze'ev Drori became CEO and President.[26] Musk succeeded Drori as CEO in October 2008.[26] In June 2009, Eberhard filed a lawsuit against Musk for allegedly forcing him out.[27] Tesla began production of the Roadster in 2008 inside the service bays of a former Chevrolet dealership in Menlo Park.[28][29] By January 2009, Tesla had raised $187 million and delivered 147 cars. Musk had contributed $70 million of his own money to the company.[30]In June 2009, Tesla was approved to receive $465 million in interest-bearing loans from the United States Department of Energy. The funding, part of the $8 billion Advanced Technology Vehicles Manufacturing Loan Program, supported the engineering and production of the Model S sedan, as well as the development of commercial powertrain technology.[31] Tesla repaid the loan in May 2013, with $12 million in interest.[32][33] [Privacy Policy]( [Privacy Policy]( [Terms&Conditions]( [Terms&Conditions]( [Unsubscribe]( [Unsubscribe]( Occasionally, our affiliate partners offer exclusive opportunities for Target Line News readers. We highly recommend carefully considering the message above. This email was created and sent to you by FIT, LLC, owner and operator of Target Line News (TLN). This ad is sent on behalf of Banyan Hill Publishing. P.O. Box 8378, Delray Beach, FL 33482. If you would like to unsubscribe from receiving offers for Alpha Investor Report, please [click here](. This offer is brought to you by Target Line News. 221 W 9th St # Wilmington, DE 19801. If you would like to unsubscribe from receiving offers brought to you by Target Line News[click here](. a good idea to us]( to make sure you get every email. If you encounter any issues, feel free to reach out to our [support team](mailto:support@targetlinenews.com) for assistance. 221 W 9th St # Wilmington, DE 19801 Copyright © 2024 Target Line News. All Rights Reserved.   Occasionally, our affiliate partners offer exclusive opportunities for Target Line News readers. We highly recommend carefully considering the message above. This email was created and sent to you by FIT, LLC, owner and operator of Target Line News (TLN). This ad is sent on behalf of Banyan Hill Publishing. P.O. Box 8378, Delray Beach, FL 33482. If you would like to unsubscribe from receiving offers for Alpha Investor Report, please [click here](. This offer is brought to you by Target Line News. 221 W 9th St # Wilmington, DE 19801. If you would like to unsubscribe from receiving offers brought to you by Target Line News[click here](. a good idea to us]( to make sure you get every email. If you encounter any issues, feel free to reach out to our [support team](mailto:support@targetlinenews.com) for assistance. 221 W 9th St # Wilmington, DE 19801 Copyright © 2024 Target Line News. All Rights Reserved.