time to let Tesla Motors fade away


Tesla Motors has never been a company which has been able to back up their rhetoric with a product as advertised, market or sell anything other than a rebodied Lotus Elise with a bunch of batteries in it, OR bring anything to the market as they’ve promised in the past.  Instead, they have sucked money out of the US Government, Toyota, and floating a stock IPO.  What’s the result?  Well the US Government had given them $465m in financial grants, and they have produced 1000 jobs.  really? Where did that money go?

Word to Tesla—-if you’re going to pull a scam, don’t get the government involved—–because YOU are gonna get burned in the end.   The public has their eye on you, and the image of Tesla Motors ain’t so good right now.  I’m not sure what kind of dream land the people in this company think they’re in, however in my opinion “all hype and dead products” companies like Tesla should be left out to dry.

Here’s to the US government NOT granting you more money, as you are asking.  Maybe they’ll get smart and fund a company that doesn’t talk so much smack, and actually produces something worthwhile.

To Tesla?  If you convince me that you have a product worth developing and selling, i might retract these opinions; but as of right now I have no reason to believe any of this is worth taxpayer money.  Everything i’ve seen by Tesla looks like a business pitch, an opportunistic one at that.

source: http://blog.sfgate.com/energy/2011/09/23/tesla-another-loan-please/

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6 thoughts on “time to let Tesla Motors fade away

  1. Automobiliac says:

    I think now that the Obama admin got burned by the solar panel fiasco, they are going to be extra wary of doling out money to private sector companies. I have to say I want to see the Model S come to market. I think it’s a sweet car!

    • Matt says:

      Their website does look impressive. I hope for tesla and the gov’t that the S does well. It’s pricey though.

  2. They didn’t ask for more money. Elon was asked about it directly yesterday or maybe the day before and he said they don’t need any more money and don’t have any plans to apply for another loan.

    The SF Chronicle has since corrected the story.

    From Tesla:
    http://www.teslamotors.com/forum/forums/how-we-see-it-changes-atvm-loan-program

  3. I’ve driven the roadster and it was fun. I think the Model S will be a decent car as well and my only problem is charge times.

    But then again I’m an idiot so what do I know….

  4. They haven’t faded out yet because electrics are here to stay. I say give ’em some time, they’re still in their infancy.

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