Tesla out of cash? - DodgeIntrepid.Net Forums - Dodge Intrepid, Concorde, 300m and Eagle Vision chat
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post #1 of 2 (permalink) Old 11-01-2008, 10:40 AM Thread Starter

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Post Tesla out of cash?

Seems like not having any money is a sickness that is spreading like the plague in the auto industry. According to insiders Tesla Motors has approximately $9 million left in it’s coffers.

$9 million might be a significant sum to private individuals, but it does not even equal 1% of of the annual advertising spending of General Motors.

Elon Musk, one of the founding members of PayPal has invested heavily in the company and is currently the acting CEO. Tesla Motors has entered the automotive industry seemingly overnight, by buying prebuilt Lotus base vehicles and outfitting them with electrical systems for power.

Tesla seems to have about 1200 deposits for it’s Roadster model with down payments ranging between $4,000 and $60,000.

According to some, as many as 100-200 have been paid in full, which is quite staggering, because the cars cost upwards of $100,000 a piece.

Up to date $150 million has been invested into Tesla Motors by various investors. It would be a shame if the company would go belly up now. A few are guessing that Musk might be willing to flip Tesla to a major car manufacturer to earn a nice return on his investment. Others are saying that another round of financing is in order.

What do you think?

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post #2 of 2 (permalink) Old 11-01-2008, 11:16 AM
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I would be a shame to have this ground breaking company go under at his point. The work they have done looks like it would be easy to adapt to larger and smaller vehicles.
Using a AC motor and wave generator from the DC batteries seems to have solved the range problem, most electrics live with.
I wish Tesla luck on hanging in there. You have to give them some credit for coming up with an electric that doesn't look like something from a comic book. Guess having Lotus on board help with that.
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