Tesla takes in another $45 million in VC money

The money continues to roll in for Tesla Motors. They just completed their fourth round of investment funding taking in another $45 Million primarily from venture capital fund Technology Partners and Chairman Elon Musk. The cash will be used to help fund the development work on the WhiteStar sedan, the new assembly plant in New Mexico and the establishment of a chain of retail outlets for Tesla cars.

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[Source: Tesla Motors]

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