| Tesla Motors Discussion about Tesla Motors |
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12-04-2008, 08:13 AM
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#21 | | Senior Member
Join Date: Nov 2008 Posts: 199 | It's looking like they are seriously considering/have already decided to approve some type of a "bailout" for the American automakers as they (the House of Representatives) are discussing the implementation of some type of "oversight" board/committee.
More to come... | 
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12-04-2008, 08:16 AM
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#22 | | ERIC VFX
Join Date: Aug 2006 Location: CA Posts: 4,655 | Quote:
Originally Posted by 1n5p1r4t10n 
[SIZE=3]...the "Big 3" specifically asked for "$25 billion" (without any explanation of how they came up with the figure)...
| Actually it's up to 34 Billion now. Their hubris is unbelievable.
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12-04-2008, 08:22 AM
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#23 | | Super Moderator
Join Date: Dec 2007 Location: Aptos, California Posts: 1,551 | This article from the Detroit News is so derisive of Tesla it is almost comical: Commentary: California wants to raid Big 3 bailout cash for green cars | The Detroit News | detnews.com Quote:
In fact, Tesla Motors, a struggling San Jose start-up manufacturer of electric cars in Feinstein's back yard, has already applied for $400 million in EISA loans to build a new plant for making a luxury $60,000, battery-powered family sedan.
So while some members of Congress tut-tut Detroit executives for wasting money on private jets, Washington is entertaining taxpayer-financed loans for an automaker that caters to Silicon Valley millionaires.
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12-04-2008, 11:49 AM
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#24 | | Senior Member
Join Date: Nov 2008 Posts: 199 | Quote:
Originally Posted by graham | Eww.... Yeah, I guess that Tesla is going to get beat with that particular stick for some time to come, huh? But I guess we can clearly see on just which side of the issue this particular representative of the media is, huh?
As always, the most disturbing aspect of all of these perspectives on that side of the issue is their continued reference of adherence to increased "fuel efficiency" more so than the much needed complete divergence from the World's oil addiction into that of new technologies.
Even now, all but Chrysler merely refer in passing (almost as a hindsight when questioned "what about?") to developing/implementing new sources of powering our vehicles while they've (Chrysler) placed it squarely at the forefront of their reorientation plans with the ENVI program https://www.chryslerllc.com/en/innovation/envi/overview/, which has three solely electric powered vehicles).
Uh oh, their back to talking "merger" again.
Last edited by just-an-allusion; 12-04-2008 at 11:52 AM..
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12-05-2008, 10:09 AM
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#25 | | Head Moderator
Join Date: Nov 2006 Location: Stanford, California Posts: 3,606 | Quote:
Originally Posted by stopcrazypp How Risky Is Tesla’s Bet on a DOE Loan Guarantee? Earth2Tech
More details on the DOE loans. Looks like Tesla needs the new $400 million loan if they want to have a good chance of progressing in Model S on time. The $200 million DOE loan guarantee might come too slow and Tesla isn't the first in line to get a guarantee. | Solar firm Solyndra looks to outshine competition - San Francisco Business Times Quote: |
Solyndra is one of 16 companies that qualified for $2 billion in Department of Energy loan guarantees as part of the Energy Policy Act of 2005. The loans can finance up to 80 percent of the cost of a project. Solyndra is the only photovoltaic solar maker in line for the money of 156 applicants in several industry categories. San Carlos-based electric carmaker Tesla Motors and solar thermal power plant company BrightSource Energy, based in Oakland, are also on the DOE’s list.
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12-05-2008, 10:15 AM
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#26 | | Head Moderator
Join Date: Nov 2006 Location: Stanford, California Posts: 3,606 | DOE Doles Out Cash for Alternative Vehicle Tech Earth2Tech Plug-in hybrid vehicles depend on industry rescue | Freep.com | Detroit Free Press Makers of electric cars want federal money, too - SFGate Quote:
Will the Bay Area's embryonic electric car industry get aced out by Detroit in the accelerating quest for federal funds? San Carlos' Tesla Motors is asking for a whopping $400 million to get its electric roadster further off the ground and to develop a less-expensive sedan. San Francisco's XP Vehicles is in line to get $40 million to help build a cutting-edge consumer car and an off-road utility vehicle. But Scott Redmond, chairman and technology architect of XP Vehicles, says, "Detroit is trying to hijack the entire alternative energy fund."
He's referring to the Department of Energy's $25 billion Advanced Technology Vehicles Manufacturing Loan Program, which XP, Tesla and other alternative-energy car companies have applied for. In their desperate attempt to secure a bailout, Detroit's Big Three have reportedly lobbied to grab that money, for the sake of developing their own alternative-energy vehicles. Tesla and others are vigorously pushing back. Southern California's Fisker Automotive Inc., which makes plug-in hybrids, also wants a piece of the federal action. "It's a battle zone," says Redmond.
One possible setback, at least for Tesla, came last weekend with a stinging, widely circulated New York Times critique that slammed Tesla's technology as "woefully immature." The Times also wondered, perhaps more tellingly, why taxpayers should help fund Tesla's "don't-even-ask-expensive" roadster, which sells for $109,000. The car XP Vehicles is developing, which will cost consumers between $13,000 and $15,000, may be in a sweeter political spot, but Redmond fears that if Tesla loses out, so could others in the industry.
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Last edited by doug; 12-05-2008 at 10:27 AM..
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12-05-2008, 07:49 PM
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#28 | | Head Moderator
Join Date: Nov 2006 Location: Stanford, California Posts: 3,606 | | |
| | | BREAKING: Automakers to get $15 billion in federal loans | | |
12-05-2008, 10:24 PM
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#29 | | Senior Member
Join Date: Dec 2007 Posts: 634 | BREAKING: Automakers to get $15 billion in federal loans
BREAKING: Automakers to get $15 billion in federal loans - Autoblog
"Nancy Pelosi gave in to the White House and its position that the money should come from $25 billion in loans previously approved to help the automakers retool for energy fuel efficient vehicles, rather than drawing the aid from the $700 billion Troubled Asset Relief Fund for struggling financial institutions. In return, Pelosi is seeking a guarantee that the money would be replenished in "a matter of weeks.""
Sigh, I kind of expected this, seems like they were totally about to give in and this won't be the first time Pelosi gave in. Hopefully when Obama gets to office these funds will quickly be replenished.
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12-05-2008, 11:22 PM
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#30 | | ERIC VFX
Join Date: Aug 2006 Location: CA Posts: 4,655 | Quote:
Originally Posted by stopcrazypp ...this won't be the first time Pelosi gave in... | She disappoints more than a Cimarron.
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