Jalopnik: Alternative Energy: Tesla Seeking Hot $250 Million Cash Injection For Whitestar Sedan Via ValleyWag: Ipo: Tesla Motors wants another $250 million Via FT.com: FT.com / Companies / US & Canada - Tesla to raise $250m for electric cars ValleyWag summary: "Tesla Motors, which finally shipped its first electric car earlier this month, hopes to raise $250 million in equity and debt to fund its mass production push, over the next two years. Chairman Elon Musk wants to conduct an IPO in New York or London, raise money privately and apply for a loan guarantee from the Department of Energy to build a U.S. production plant for Tesla's forthcoming electric sports sedan. Tesla has raised $145 million in venture capital, including a $40 million round that closed last week. Elon, don't spend it all in one place." Jalopnik: "Hmm, we guess the rumors of the Whitestar's demise were slightly overstated. Nope, it's only dead if they can't get themselves the money necessary to build it." Confirmation Whitestar factory is about to be built since they are gathering the funding. However, as you can see the blog sites are taking this as a chance once again to put forth the Tesla = vaporware idea. But overall still good news for the Whitestar development. Edit: Autobloggreen: More on Tesla financing and production plans - AutoblogGreen Siry commented that they were considering a partnership but it didn't make sense in the end, so the Whitestar will be developed independently. They'll revisit the idea for the third car. "Why so much money? Tesla had been considering entering into a partnership with another company for the production of WhiteStar. According to Tesla's Darryl Siry, "we looked very hard at a partnership with an OEM but it didn't make sense at the end of the day." The complexities of such a partnership would slow down the project and Tesla wants to keep control of more of their intellectual property. Once WhiteStar is underway, Tesla will be revisiting the idea of a partnership of some kind to produce a third, higher-volume model. That lower-cost car is targeted to sell at the rate of up to 100,000 annually. "