Tesla Motors is discovering that it cannot build cars on hopes and dreams alone; real capital is required, too. The forward-thinking company is stating that they will not be able to produce their 4-door, Model S electric car without a $350 million dollar US government loan. Remember, the founder stated a while ago that all the pre-orders for the Roadster will be fulfilled, but without this new… → Read More
Tesla Motors has been hit hard with credit crunch of late, but the billionaire founder of Telsa and PayPal has personally guaranteed that all of the 1,200 battery-powered Tesla Roadster pre-orders will be filled. So far, only 60 of the 1,200 cars have been delivered and the company seems to be consolidating after shutting down and laying off 90% of the Detroit, MI office. However, with this… → Read More
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