Tesla’s Elon Musk: “I Ran Out of Cash” - 0bama's Space Savior on Financial Ropes

Venture Beat ^ | May 27, 2010 | Owen Thomas

[anymouse]

And 0bama wants to pin the hopes of America's manned spaceflight on a guy who may be broke? Makes you wonder what other risky business that 0bama has got us into?

[anymouse]

Space ping.

[anymouse]

Electric car ping.

[montanajoe]

Actually when they develop a viable electric car they have the potential of really kicking ass accelerating

[Frantzie]

“Now, Toyota has agreed to buy $50 million in shares at the time of Tesla’s initial public offering — if it manages to go public before Dec. 31.”

Ahhh... now we see the cost of peace for the Obama Admin to get off Toyota’s back. This is called a bribe or really extortion.

[VeniVidiVici]

Can't build cars, can't run a business and wilt under pressure but yesireeee you can be absolutely sure they can run your healthcare.

[Jet Jaguar]

Of possible interest.

Ping.

[GeronL]

didn’t this company get something like $300 million from the Stimulus Bill??

[tallyhoe]

Just think you can lease one of these cars for a mere $1,658.00 a month for 3 year contract! God I hope they sell a lot.. In this economic climate?

[D-fendr]

I dunno, Tesla has always seemed to me to be the automotive equivalent of VaporWare.

[saganite]

In other news the Falcon 9 rocket performed flawlessly. But I know that’s not material to your post. /s/

[donmeaker]

One sure way to a small fortune is to start with a large fortune and invest in space enterprises.

[lewislynn]

Why do I think Delorean when I hear Tesla?

I can't believe so called intelligent people are actually discussing Tesla as an viable business proposition.

It sounds like Mrs. Musk, like Tipper Gore, finally got tired of living a lie.

[pennyfarmer]

I feel bad that Tesla’s name is on this mess. These guys are third graders compared to Nicoli Tesla.

Tesla was a very great scientist. He put his money where his mouth was, and on occasion attempted to put J.P. Morgans money where Tesla’s mouth was. But you have to recognize him for who he was.

These Tesla motor people are jokes.

[Leisler]

What he means to say is that in a world of paper money, he can not find enough private suckers to willingly ‘invest’. So, like some Willie Green boondoggle, he flees to gooberment were they hand out money borrowed from the Chinese to be paid upon the backs of children.

[Red Badger]

Rest In Peace, old friend, your work is finished.....

If you want ON or OFF the DIESEL ”KnOcK” LIST just FReepmail me.....

This is a fairly HIGH VOLUME ping list on some days.....

[mo]

The business viability of this outfit is clearly a matter of federal connections to the taxpayer teat, as well as to illusory cash-laden idealogues...rather than sound fundamentals.

[stephenjohnbanker]

Obama Justice is served....

[RFEngineer]

“Actually when they develop a viable electric car they have the potential of really kicking ass accelerating”

The problem is there are no viable electric cars. There may be viable niches, but there is no mass market for this product that can stand alone without massive subsidy.

[Thermalseeker]

Meanwhile, in other news, I read yesterday in the July 2010 issue of Road and Track that Aptera has finalized the production version of their new 3 wheeled, 400 mpg, hybrid.