Tesla gets Infusion of Cash by General Electric

It appears as though GE Capital (GE) has invested in Tesla Motors, according to a leaked Car and Driver interview with CEO, Elon Musk.

We've raised around $40 million, and a bit of news that hasn't come out yet [is] General Electric is investing in Tesla. [GE Capital] will be the second-largest investor in this round, after me. Our business plan that we presented to investors gets us to profitability by the middle of this year, even if some negative stuff happens.

Coming hot on the heels of the unveling of Tesla's well-received Model S, this more good news for the struggling electric car company, but it doesn't mean the company is out of the woods at all.


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