A couple of people have banded together to design a car that is enviromentally friendly, gives good gas mileage and looks a bit like a Ferrari or Porsche. So these guys want to produce a car for Mr. Green MoneyBags who does not want to be seen driving a Prius or locally available hybrids which are currently on the market. Tesla Motors, a San Carlos start-up that is building a high-performance electric sports car, has raised $40 million in a third round of venture capital from a group of investors including VantagePoint Venture Partners and Elon Musk, co-founder of PayPal.

I cannot wait to see what the prototype looks like when it is unveiled. Looks like high gas prices have even got the rich and not so famous people rethinking when it comes to buying a fancy new speed demon. Good for them!

Source: http://www.siliconvalley.com

This entry was posted on Saturday, June 3rd, 2006 at 2:59 pm and is filed under Upscale Hybrids. You can follow any responses to this entry through the RSS 2.0 feed. You can leave a response, or trackback from your own site.