Tesla Motors Inc., maker of an electric sports car that can accelerate to 60 miles per hour in 3.9 seconds, received an $82.5 million equity investment from a group led by Fjord Capital Management.
�It was an opportunistic investment,� Elon Musk, chief executive officer of San Carlos, California-based Tesla, said today in an interview at the Frankfurt Motor Show. �We were not looking for money.�
Daimler AG, which invested $50 million in Tesla this year along with Aabar Investments PJSC, the Abu Dhabi fund that�s the German carmaker�s biggest shareholder, contributed to the offering to keep its stake at just under 10 percent, Musk said.
The money may be used to fund Tesla�s establishment of retail stores globally. The company, which introduced its all- electric roadster in February 2008, was profitable in the second quarter, Musk said.
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