Tesla model s at factory
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Tesla production ramp

Last week Tesla released plans to raise an additional $1.15 billion from a stock and notes sale. CEO Elon Musk plans to purchase 96,900 shares of common stock, which is worth approximately $25 million at the public offering price. The company says the cash infusion will be used in part to “ strengthen its balance sheet and further…

Jaguar Land Rover EMC Solar Panels sq
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JLR makes switch to renewables

As the Geneva Auto opens today to the public, back in Coventry Jaguar Land Rover, the UK’s largest car manufacturer, has sealed an agreement with EDF Energy to buy all its electricity from renewables. Jaguar Land Rover’s electricity supply is backed by Renewable Energy Guarantees of Origin (REGO), meaning a proportion of EDF Energy’s renewable energy…

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