Tesla Motors might seek additional funding for third electric car

GreenBeat writes: "Tesla Motors, the company behind the Roadster electric vehicle, might look for additional funding from equity sales to help pay for development of its third electric car — the sport utility vehicle styled Model X — according to the company’s CEO Elon Musk.

The company is working on another electric car model that’s geared toward car buyers interested in an SUV or a minivan. Details about the Model X have been scarce — one of the few facts known about it is that it will use the same power train as the Model S — and the car should be unveiled at the end of the year, Musk said."

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