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BUSINESS
June 16, 2010 | Jerry Hirsch
Electric-car maker Tesla Motors Inc. plans to raise about $167 million by selling stock to the public later this year. The Palo Alto maker of the $109,000 Roadster electric sports car said in a Securities and Exchange Commission filing Tuesday that it planned to sell as many as 12.8 million shares for between $14 and $16 each in an initial public offering. The offering is "highly anticipated" and puts the value of the company at about $1.5 billion, according to IPO research firm Renaissance Capital.
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BUSINESS
August 28, 2010 | By Jessica Guynn, Los Angeles Times
Google Inc. is stockpiling technology and talent for what many believe will be a full-on assault against Silicon Valley rival Facebook Inc. As part of its campaign to build a social networking service to counter the explosive growth of Facebook, Google confirmed Friday that it had bought up Internet company Angstro and hired its co-founder Rohit Khare. Khare, a respected Internet researcher, is one of several new faces at Google charged with helping the Internet search giant compete for the eyeballs and dollars increasingly flowing to social networking.
BUSINESS
January 6, 2004 | From Bloomberg News
EBay Inc., the world's largest Internet auctioneer, is raising the listing fees it charges sellers using its U.S. sites and is making changes to fee structures in 10 other countries to fund improvements. The U.S. fee increases will take effect in February and already are included in the company's 2004 sales forecast, said Hani Durzy, a spokesman for San Jose-based EBay. The increases will run as much as 45% for the highest-priced auction items. Most fees will rise by 9.1%.
BUSINESS
May 26, 2007 | John O'Dell, Times Staff Writer
You can feel the electricity. Tesla Motors Inc., manufacturer of an exotic electric roadster, will launch its brick-and-mortar retailing effort with a store on Santa Monica Boulevard near the 405 Freeway in November. And Environmental Motors, the newest dealer for Zap, importer of a three-wheeled, low-speed electric "city car" called the Xebra, just held a grand opening for its showroom at 134 S. Glendale Ave. in Glendale.
BUSINESS
January 24, 2011 | By W.J. Hennigan, Los Angeles Times
After becoming the first private company ever to blast a spacecraft into Earth orbit and have it return intact last month, Hawthorne rocket maker Space Exploration Technologies Corp. is pushing toward its next big step. The company known as SpaceX wants to be the first commercial firm to launch astronauts into outer space and has submitted a proposal to NASA. SpaceX wants in on the potentially multibillion-dollar job of ferrying astronauts to and from the International Space Station after the space shuttle is retired this year.
BUSINESS
September 6, 2011 | By Jerry Hirsch, Los Angeles Times
An email war of words between tech entrepreneur Elon Musk of Tesla Motors Inc. and a prominent automotive journalist will turn into a $1-million payday for Doctors Without Borders, the international medical charity. Car reviewer Dan Neil of the Wall Street Journal and Musk have been trading oral and email barbs over whether Tesla will be able to bring out its Model S luxury electric sedan on schedule and at the claimed price. Musk is the chief executive of Palo Alto-based Tesla as well as Space Exploration Technologies Corp., the Hawthorne rocket company.
BUSINESS
October 25, 2008 | Ken Bensinger, Bensinger is a Times staff writer.
Struggling to raise money amid the financial crisis, electric carmaker Telsa Motors Inc. will eliminate nearly a quarter of its workforce in a bid for profitability. Chairman and Chief Executive Elon Musk said Friday that Tesla would cut as many as 87 staff and full-time contract workers, or 24% of the 363-person total. The company also will attempt to raise $25 million, rather than the $100 million it had been seeking. Last week, the Santa Rosa-based start-up said it would delay production of its electric sedan, close two offices, increase production of its $109,000 Roadster and lay off an unspecified number of employees.
BUSINESS
July 8, 2008 | Jessica Guynn, Times Staff Writer
Reid Hoffman is a big man in Silicon Valley. And, try as he might to remain in the background, his stature just keeps growing -- literally and figuratively. It all began in the bleak aftermath of the dot-com bust, when despondent entrepreneurs and investors were throwing in the towel. Hoffman, never one to shrink from a challenge, rolled up his sleeves. The PayPal Inc. veteran took some of the $10 million he made in 2002, when EBay Inc.
BUSINESS
July 20, 2011 | By Salvador Rodriguez, Los Angeles Times
In what it said was the largest sweep of Internet "hactivists" in the U.S., the FBI arrested 14 alleged members of hacker group Anonymous, which last fall took responsibility for knocking out the websites of several large companies. The 14 people arrested, including two from Southern California, may be the first alleged members of Anonymous to be arrested by the FBI, said a law enforcement official not authorized to speak on the matter. The raids may also mark the first time that federal agents arrested individuals for cyber crimes that may have been committed as a form of political protest.
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