26 Nov '12, 3pm

Rejected For Loans Tesla Got, Inflatable Car Firm Sues DoE 3 Years Later

Rejected For Loans Tesla Got, Inflatable Car Firm Sues DoE 3 Years Later

I spoke to these guys back at the time and was impressed by the professional management team. However, their technology seemed like a real "reach" to me and I couldn't see investing in it. They seemed to be really "Swinging for the fences" which is great but they should do it with their own money. The fact that they couldn't get other investors speaks volumes about the perceived risk in their plan. As for the threats...that shouldn't be going in on. Hope that gets sorted out.

Full article: http://www.greencarreports.com/news/1080480_rejected-for-...

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