telsa

  • Tesla Motors needs a bailout, too

    Tesla Motors needs a bailout, too

    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 keeps rolling with new round of financing

    Tesla Motors keeps rolling with new round of financing

    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