Tesla Looking For Some Of The Bailout Money. Get Lost

by Jason Wilk on November 19, 2008

  • Tesla, the joke of the electric car world, has requested $400 million in low or no-interest loans to fund two upcoming projects.
  • Speculation is the money would go towards their $70K sedan and their lower priced model.
  • None of the automakers should be bailed out. Their dysfunctional management that has been steering all of the American auto industry into the gutter for the last 20 years won’t be helped out by some extra cash. Even if they do get it, who says  they won’t spend it on distributing lousy dividends like the financial houses are doing?  Elon Musk is no exception to this, his product should be off and running by now. The Tesla store on Santa Monica Blvd. has cobb webs growing on it.

PeHUB

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