Elon Musk's Business Strategy for Tesla Draws Skepticism

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Aug. 4 (Bloomberg) -- Bloomberg special correspondent Willow Bay reports on the business strategy of Elon Musk's Tesla Motors Inc. The California startup is using funds from an initial public offering that raised $260 million in June, more than $324 million from private investment and $465 million in low-cost federal loans to get the $57,000 Model S rechargeable sedan into production at a former Toyota Motor Corp. joint venture plant. (Source: Bloomberg)


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