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Kimbal Musk exercises options to buy 25k of Tesla stock at $74.17 per share

Teslarati

As noted in a Benzinga report, Kimbal’s stock option award is a triennial award granted to the board member following the electric vehicle maker’s 2010 equity incentive plan and outside director compensation policy. . He is also a major shareholder in his brother’s private space company, SpaceX.

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Tesla is finally leaning on its vehicles’ American-made pedigree

Teslarati

Tesla has a lot going for it, but the company tends to keep some of its vehicles’ most interesting details to itself. It’s a big selling point, but it’s rarely highlighted by the company in its promotional materials. Jay Leno: For some reason people don’t think of Tesla as an American company.

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EnerDel Plans to Invest $237M in New Indiana Lithium-Ion Battery Plant

Green Car Congress

Lithium-ion battery manufacturer EnerDel will invest $237 million in a new manufacturing plant near its Indianapolis headquarters in order to meet anticipated demand for advanced battery systems used in both automotive and stationary smart grid applications. The Indiana plant will be financed through a $118.5 Earlier post.) Earlier post.)

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ENER1 Raises $65M in Capital Though Sale of Notes

Green Car Congress

In addition, the company also announced the sale of $10 million in senior convertible notes to strategic partner ITOCHU Corporation. vehicle battery packs, at its three Indianapolis facilities. ENER1, Inc. The principal of the notes is payable in 10 equal quarterly installments with a coupon of 8.25

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Lightning Hybrids introducing hydraulic hybrid system on walk-in box truck

Green Car Congress

Additional states that offer grants and funding for Lightning Hybrids’ systems include Colorado, Maryland and Massachusetts, among others. a leading North American uniform and linen supply company. One business that recently integrated a Ford F59 into its fleet is AmeriPride Services Inc., Fleets Hybrids Hydraulic Hybrid'

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ENER1 Receives Additional $20M from Principal Shareholder

Green Car Congress

Over $300 million has been invested in the company over the last five years in achieving the steps to commercialization, and building a global manufacturing footprint. Ener1 set out to raise $150 million at the start of 2010, to meet near-term manufacturing objectives. This milestone has now been met.

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US DOE Awards $300 Million in Clean Cities Grants to Support Alternative Fuels, Vehicles, and Infrastructure Development

Green Car Congress

Like the Recovery Act-funded projects, the annual Clean Cities projects include grants for vehicles, infrastructure, and education. The fleets include two utility fleets, five cities and towns, three counties, ten private companies, two state fleets, ten school districts, and two universities.