Electric automaker Tesla Motors is looking to raise up to $214 million through a secondary public offering of its shares and a private placement to fund development of the Model X – the battery-powered CUV due in late 2013ish.
It's no secret that Tesla Motors is working on a new electric version of the Toyota RAV4 with the Japanese automaker, but what's this about a Tesla Model X? That's the name Tesla CEO Elon Musk used for an upcoming SUV model during the formal opening of the company's new factory. Musk told Green Tech Media that Tesla hopes to show a prototype of the SUV/CUV by the end of 2011. After that, of course, comes production the Model S, which is scheduled to start in mid-2012 with a volume of 7,000 in th