News and analysis
May 31, 2017
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Inside Ford’s Billion-Dollar Bet on Mission Investing

Tesla

The Ford Foundation made an early foray into impact investing by putting $2 million into electric-car maker Tesla 15 years ago.

The Tesla S accelerates from zero to 60 in less than two-and-a-half seconds. Its makers boast that its electric motor and lush interior provide the "sound dynamics of a recording studio."

Fifteen years ago, when the Ford Foundation invested $2...

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