Tesla Steps To GM’s Level, Asks For Government Bailout

tesla

It’s no breaking news to hear that Tesla is a little strapped for cash. Maybe it’s the recent GM bailout that’s softened my senses a little, but I’m not in the least surprised to hear that CEO, Elon Musk, is asking for a bailout from the government himself.
Musk recently told the Detroit Press that unless he gets a $350 million dollar loan from the government that the Tesla Model S will be pushed back (surprise, surprise) and their new San Jose plant will not open.
This comes in right after the relatively average milestone of delivering their 100th production roadster. Speaking of disappointing, remember when they made a big deal about the recipient of that 100th car a few days ago, you wanna know who it was? ….This Guy:

proah

Musk explained that without the bailout, production of the model S will have to ride out the current economic conditions, possibly delaying it 1-2 years. This is a serious problem considering the roadster retails at $109,000, with the Model S shooting for a $55-60,000 price range. The relatively low sum of $350 million mixed with the long term benefit of a sustaintable automotive company like Tesla might just be too good of a proposition for Obama to turn down.
Think about it, we literally just bailed out GM for near 43 times that amount.