Finances

Two interesting financial tidbits from Tesla today. One, Daimler sold 4% of Tesla motors to an investment firm in Abu Dhabi. Dailmer owned almost 10% of Tesla, and sold almost half of that to Aabar Investments. In March 2009, Aabar acquired a 9.1% share of the capital of Dailmer AG. Aabar is a public company listed on the Abu Dhabi Securities exchange. They also bought AIG Private Bank Limited and renamed it Falcon Private Bank. Ironically, they also have investments in petroleum.

The second financial news is that Bank of America now offers loans to people interested in buying a Tesla Roadster. If approved for a five year loan, a customer could put down as little as $20,000 and acquire the car. I would not recommend a loan on a Roadster. If someone does not have enough cash to buy an expensive car, I think they should save until they have the cash or buy a more modest car.

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