VantagePoint Venture Partners
Shares of Tesla Motors, Inc. (NASDAQ: TSLA) (market cap $2.75 billion), a manufacturer of EV vehicles and powertrain components, are up about 1% at mid-day after increasing 8.5% Wednesday on the news the company plans to raise $217 million through a share offering at $26.35 per share. Some of the proceeds will fund development of Tesla’s Model X crossover vehicle.
Power technology company American Superconductor Corporation (Nasdaq: AMSC) said today it will acquire The Switch Engineering OY, based in Finland, for €190 million in cash and AMSC shares ($265.43 million at today’s 1.00 EUR = 1.40 USD).
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When sales projections are rosy and share prices of publicly traded companies are booming (EBOOM CAPITAL July 29), venture capitalists invested in private companies rub their hands together and think about strategies to convert their positions to ca