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	<title>BGR: The Three Biggest Letters In Tech &#187; Tesla</title>
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		<title>Electric car company Tesla raises over $226 million in IPO</title>
		<link>http://www.bgr.com/2010/06/29/electric-car-company-tesla-raises-over-226-million-in-ipo/</link>
		<comments>http://www.bgr.com/2010/06/29/electric-car-company-tesla-raises-over-226-million-in-ipo/#comments</comments>
		<pubDate>Wed, 30 Jun 2010 01:31:02 +0000</pubDate>
		<dc:creator>Andrew Munchbach</dc:creator>
				<category><![CDATA[Automotive]]></category>
		<category><![CDATA[Cars]]></category>
		<category><![CDATA[Ford]]></category>
		<category><![CDATA[Initial Public Offering]]></category>
		<category><![CDATA[IPO]]></category>
		<category><![CDATA[NASDAQ]]></category>
		<category><![CDATA[Tesla]]></category>

		<guid isPermaLink="false">http://www.bgr.com/?p=54330</guid>
		<description><![CDATA[As of yesterday, no American car company had gone public since Henry Ford put his family business on the on the U.S. stock exchange back in 1956. Today, Tesla Motors (TSLA) &#8212; in an IPO &#8212; sold over 13.3 million shares of stock on the NASDAQ exchange totaling $226.1 million. The all-electric car maker&#8217;s mission is simply to &#8220;sell high performance, super efficient electric cars.&#8221; Tesla uses some pretty impressive technology to manage, store and harness the electric charge stored in the cars batteries. The company should have their first mass production model &#8212; The Model S &#8212; rolling off the assembly line this year. The company&#8217;s stock closed just south of $24. Read]]></description>
			<content:encoded><![CDATA[<center><a href="http://www.wired.com/autopia/2010/06/tesla-ipo-raises-226-1-million/"><img class="size-full wp-image-54331 aligncenter" title="Tesla Motors" src="http://www-bgr-com.vimg.net/wp-content/uploads/2010/06/4637128794_c972b425e7.jpeg" alt="Tesla Motors" width="500" height="105" /></a></center>
<p>As of yesterday, no American car company had gone public since Henry Ford put his family business on the on the U.S. stock exchange back in 1956. Today, Tesla Motors (TSLA) &#8212; in an IPO &#8212; sold over 13.3 million shares of stock on the NASDAQ exchange totaling $226.1 million. The all-electric car maker&#8217;s mission is simply to &#8220;sell high performance, super efficient electric cars.&#8221; Tesla uses some pretty impressive technology to manage, store and harness the electric charge stored in the cars batteries. The company should have their first mass production model &#8212; The Model S &#8212; rolling off the assembly line this year. The company&#8217;s stock closed just south of $24.<span id="more-54330"></span></p>
<p><a href="http://www.wired.com/autopia/2010/06/tesla-ipo-raises-226-1-million/">Read</a></p>
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		<slash:comments>12</slash:comments>
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		<title>Tesla Tastelessly Tosses Their Team</title>
		<link>http://www.bgr.com/2008/10/17/tesla-tastelessly-tosses-their-team/</link>
		<comments>http://www.bgr.com/2008/10/17/tesla-tastelessly-tosses-their-team/#comments</comments>
		<pubDate>Fri, 17 Oct 2008 17:22:05 +0000</pubDate>
		<dc:creator>Marc Flores</dc:creator>
				<category><![CDATA[Cars]]></category>
		<category><![CDATA[General]]></category>
		<category><![CDATA[News]]></category>
		<category><![CDATA[Opinions]]></category>
		<category><![CDATA[economy]]></category>
		<category><![CDATA[electric car]]></category>
		<category><![CDATA[recession]]></category>
		<category><![CDATA[Tesla]]></category>

		<guid isPermaLink="false">http://www.bgr.com/?p=6474</guid>
		<description><![CDATA[If you thought breaking up over a text message was in bad taste, try empathizing with the Tesla employees who were just laid off&#8230; via a blog post! That&#8217;s right, 90% of the Tesla team in Metro Detroit were let go, but someone assigned to break the news didn&#8217;t have the guts to tell them. Instead, the employees found out through their own site that they were finished. What&#8217;s to become of the remaining 10%? Those who aren&#8217;t notified of their termination today (via a bulletin board at the plant, mind you) have to relocate to San Jose, CA &#8211; at least it&#8217;s brighter and the weather is more temperate in Cali, right? The problem is getting there when your]]></description>
			<content:encoded><![CDATA[<center><a href="http://jalopnik.com/5064966/tesla-to-finally-notify-detroit-workers-today-they-were-laid-off-two-days-ago"><img class="size-full wp-image-6475" style="margin: 4px;" src="http://www-bgr-com.vimg.net/wp-content/uploads/picture-346.png" alt="" width="451" height="316" /></a></center>
<p style="text-align: left;">If you thought breaking up over a text message was in bad taste, try empathizing with the Tesla employees who were just laid off&#8230; via a blog post! That&#8217;s right, 90% of the Tesla team in Metro Detroit were let go, but someone assigned to break the news didn&#8217;t have the guts to tell them. Instead, the employees found out through their own site that they were finished. What&#8217;s to become of the remaining 10%? Those who aren&#8217;t notified of their termination today (via a bulletin board at the plant, mind you) have to relocate to San Jose, CA &#8211; at least it&#8217;s brighter and the weather is more temperate in Cali, right? The problem is getting there when your company won&#8217;t help with relocation, moving costs, selling your current home or apartment, or anything else for that matter. They&#8217;re essentially being told, &#8220;Be glad we didn&#8217;t can you. Now get moving!&#8221; The official word is as follows:</p>
<p style="text-align: left; padding-left: 30px;"><em>There will also be some headcount reduction due to consolidation of operations. In anticipation of moving vehicle engineering to our new HQ in San Jose, we are ramping down and will close our Rochester Hills office near Detroit. Good communication, tightly knit engineering and a common company culture are of paramount importance as Tesla grows.</em></p>
<p style="text-align: left;">Yes, &#8220;good communication&#8221; and a &#8220;common company culture&#8221; are of paramount importance. We&#8217;re wondering what the schmuck who wrote this piece was thinking when writing that there would be a &#8220;headcount reduction.&#8221; With tough times and an economy suffering at exponential rates, one would think that Tesla could have been just a tad more appropriate and tactful with letting their hard working employees go.</p>
<p style="text-align: left;"><a href="http://jalopnik.com/5064966/tesla-to-finally-notify-detroit-workers-today-they-were-laid-off-two-days-ago">Read</a></p>
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