Tag Archives: electric car

Successful Tesla IPO “Charges” Electric Car Market


In the midst of a struggling economy, it always feels good to hear about a company that has managed to carve out some success despite the trying times. It feels even better when that company is a key player in the green technology sector. In this case the company is Tesla Motors [Nasdaq: TSLA], the manufacturer of the groundbreaking Tesla Roadster.

A June IPO (Initial Public Offering) for Tesla managed to raise 200 million dollars in equity financing for the company, the first US automaker to go public in 54 years. The success of their financing push in the midst of the current financial turmoil is an encouraging sign for the electric car market in general, signaling that investors (and hopefully consumers) are ready to move on the technology. In addition since IPO’s in general have lost popularity with investors since the dot com crisis earlier this decade, the relative strength of Tesla’s IPO may be another herald of success.
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Green Collar to Offset Job Loss in Canadian Car Industries

A scene from a car manufacturing industry in CanadaAfter five years of tumultuous job losses in the Canadian car industry, the green collar or clean industry jobs might come to save the day. Clean energy industries are seeing an unprecedented increase in the number people to employ to man various available posts. The demand coincided with the increased demand for electric cars by consumers.

Canada is one of the many countries that is being hit by the global financial crisis. Although the demand for green jobs is starting to grow exponentially, it still has not able to cope with the job losses suffered by the country for the past five years. The country’s second-biggest auto parts manufacturer, Linamar Corp, is set to hire around 1,300 people at its manufacturing center in Guelph, Ontario before the end of 2011. Linda Hasenfratz, the auto-industry’s CEO, stated that the demand for green jobs is catapulted by the many new contracts offered to the company for the manufacture of vehicle parts or components that are more fuel and energy-efficient. Continue reading

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