Improved Clinch

Obviously, A Hand Out is in Order

Tesla Motors, makers of the Tesla Roadster, a sweet electric performance car in my opinion, states that they have hit a “financial wall.” Disheartening, isn’t it? That damn “financial wall” seems to be in every Tom, Dick and Harry’s way, currently.

Here’s a company, building a “green” machine, with an alleged one (1) year waiting list (for the Tesla Roadster), and they, like Ford, GM, and Chrysler are supplicating the state for a “loan.”

Citing the tough economy, the Silicon Valley company said it will have to scale back the development of a $60,000, all-electric sedan until its U.S. Energy Department loan guarantee becomes effective.

But never fear taxpayers and state hand out proponents, Tesla Chairman Elon Musk states that Tesla Motors is “not far from being cash flow positive,” and that he “will do whatever is needed to ensure that Tesla has more than sufficient captial to get there.” There, I presume, being the state of cash flow positive.

“We are not far from being cash flow positive,” Musk wrote, “but even if that threshold ends up being further than expected, I will do whatever is needed to ensure that Tesla has more than sufficient capital to get there.”

Obviously, Mr. Musk, you must admit that you are “doing whatever is needed,” since you are attempting to pick the pockets of Americans, through supplication to the state for assistance, well other than privately bringing a product to market which sells without the state stepping in.

Segway anyone?

All-electric carmaker hits a financial wall

Posted by .(JavaScript must be enabled to view this email address) on 10/18 at 01:20 PM