I Am Impressed: Tesla
Bloomberg is reporting:
Tesla Motors Inc.’s Elon Musk is
poised to follow in the footsteps of Lee Iacocca, who 30 years
ago as Chrysler Corp.’s chief executive officer retired a
controversial U.S. obligation years early.
Musk, Tesla’s CEO and co-founder, expanded the size of
equity and debt offerings by 30 percent to as much as $1.08
billion to boost the company’s cash reserves and repay a $465
million Energy Department loan nine years ahead of schedule.
Iacocca in 1983 paid Chrysler’s U.S. loan guarantees seven years
early.
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