26 Sep '11, 10pm

Tesla: here's why the DOE's $465 million helped; we'd like some more

I would love to purchase a Tesla S as soon as they are on the market, but it is not affordable to me. The base model's starting price is $57,400 (before the $7,500 rebate you receive after filing taxes the following year). The 300 mile version will have a base price around $77,000. Maybe this car is affordable to some, but I have a hard time justifying a car over $50,000 as much as I would like to. Tesla has already raised over $1.2 billion ($187 million privately before DOE loan, $465 million from DOE, $620 million privately since the DOE loan). From their statement, they have used over $1 billion in investments ($465 million + $620 million) for infrastructure and 2,000 jobs. Tesla already has sizable investments from several large automotive companies and many venture capitalists. If Tesla cannot raise further money from people who actually understand the industry, it is...

Full article: http://green.autoblog.com/2011/09/26/tesla-heres-why-the-...

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It’s not supposed to go like that…

It’s not supposed to go like that…

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