| Tesla Motors Discussion about Tesla Motors |
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10-15-2008, 12:46 PM
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#21 | | Waiting for P121
Join Date: Jun 2007 Location: Oslo, Norway Posts: 768 | Too late, Musk is listed as CEO now and Zeev as vice Chairman...hmm... why the constant changes in the CEO position?
Cobos | 
|  |  | All hail Plankton! |  | |
10-15-2008, 12:49 PM
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#22 | | Senior Member
Join Date: Nov 2006 Posts: 1,240 | All hail Plankton!
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| | | So Elon says... | | |
10-15-2008, 12:55 PM
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#23 | | Member
Join Date: Jan 2008 Location: The Netherlands Posts: 93 | So Elon says...
Close down Rochester Hills (Detroit), delay model S to 2011, cash-flow positive in 6-9 months. the blog | |
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10-15-2008, 12:57 PM
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#24 | | Super Moderator
Join Date: May 2008 Location: Winchester, UK Posts: 2,975 | Wow, they wasted no time updating that. | |
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10-15-2008, 01:25 PM
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#26 | | Super Moderator
Join Date: Dec 2007 Location: Aptos, California Posts: 1,551 | Quote: |
The deposits are not in an escrow account, and they are free to use it if they so choose. Thus if they go under, I expect we will lose our deposits. But, the deposts are not their primary source of capital. Also, I think it would be reckless to spend a significant portion of the deposits on anything other than direct production costs. I trust Tesla to be more responsible than that.
| I would hope so too... although obviously they are having some sort of cash flow issues. Quote: |
Cash flow arguments aside, I can't imagine they could lay off half of the company and continue work on Model S without totally blowing their late 2010 goal.
| Yes :-(... I am bummed that the Model S is being delayed. It sounds like from their web site they are doing exactly what I was thinking earlier: Lay off a bunch of people until the loans come in for the Model S, and then hire people back. Seems like a short sighted plan unless you are very cash strapped. | |
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10-15-2008, 01:33 PM
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#27 | | Tesla Fan
Join Date: Aug 2006 Posts: 5,981 | (nevermind)
Last edited by TEG; 10-19-2008 at 08:55 PM..
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10-15-2008, 01:55 PM
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#28 | | Super Moderator
Join Date: Dec 2007 Location: Aptos, California Posts: 1,551 | From the LA Times: Tesla Feels Credit Crunch | Up to Speed | Los Angeles Times Quote: |
Siri said that the number of layoffs has not been finalized, because it was unclear how many employees from its offices in Rochester Hills, Mich., and England would be absorbed into the Northern California headquarters.
| This is the first I have heard they are reducing head count in England as well. | |
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10-15-2008, 02:12 PM
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#29 | | Super Moderator
Join Date: May 2008 Location: Winchester, UK Posts: 2,975 | Quote:
Originally Posted by graham  | I had thought that was on the cards anyway: The design work on the Roadster was done and I didn't think they would use these staff on the model S. Of the ones I have met, most (if not all) seemed to have come from Lotus. I wonder if they will find their way back there. One told me that after 30 years, he had lost interest in working on ICE vehicles now  Let's hope he can continue to. | |
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10-15-2008, 02:17 PM
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#30 | | Super Moderator
Join Date: Dec 2007 Location: Aptos, California Posts: 1,551 | Seems like so many electric cars are using the Lotus platform now that there should still be non-ICE options for him there without having to move. | |
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