Tesla are raising 1.6 billion Dollars and taking this massive opportunity to put their best foot using the recent excitement around their results as a huge opportunity, through a convertible bond issue. First production in 2017, 500 thousand motor vehicles to be manufactured at what Elon Musk calls a "Gigafactory". Everyone is getting very excited about this. A what? Well, Tesla have a simple paper out, you can download it: Planned 2020 Gigafactory Production Exceeds 2013 Global Production.
Is Elon Musk mad with all these projects? Hyperloop, SpaceX, Tesla and SolarCity. These are all huge. Could he succeed with all of them? No doubt. He could become known in history as the man who harnessed the power of the sun and embraced alternative energy more than any other single human being. And at the core of all of that is a desire and drive to deliver performance products that are value for money. Whilst governments and NGO's can talk all they want about climate change, here is a man who can single handedly do it and has the desire to do it. In the meantime you see the impact of fossil fuels in Beijing (a disaster) - China's Smog Is So Bad They're Now Calling It a ‘Nuclear Winter'. Add in passion, a profit motive and an ego and you get the desired outcome for humankind.