GSP

Detroit got $15B out of the 25B. Does that mean that Telsa still could get their $0.4B from the remainder?

GSP

Joseph

This is good news...

10 billion dollars should provide enough to go around. Tesla has a big status; I can't imagine they won't get a good piece of this pie.

__________________
"Success is 99% failure" - Soichiro Honda

just-an-allusion

Fingers are crossed, but one has to understand that Tesla is not the only company vying for a piece of the alternative technology development incentive pie....

graham

Yes, I hope they get it too... but if I understand it correctly, this $400 million useful to expedite their programs, but not required for them to stay in business. That is what the $200 million loan they hope to receive in the Spring is for. The theory is, that $200 million will allow them to reach profitability with the Roadster, and create manufacturing for the Model S. I think the additional $400 million will only speed up the process if they get it (and perhaps start on new projects).

graham

Argh! Now the Wall Street Journal is parroting the "Tesla wants a bailout for their car only the rich can afford" line.

Electric-Car Makers Struggle - WSJ.com

Can no journalist in this country understand that the 2007 CAFE bill set aside the $25 billion in loans just for getting new technology like Tesla uses to market? Their application for the loan is not looking for a "bailout" even if other manufacturers are using it for such? The Roadster development is paid for so this money is not to support selling a super-expensive sports car?

The reporting is so bad and unchecked in these big periodicals: Newsweek, New York Times, Wall Street Journal - that it almost makes me believe in conspiracy theories as to someone with an agenda behind the story perpetuating the lies.

dpeilow

Some people were bought good lunches...

Cobos

I'd like to think it's a conspiracy but at least with my Norwegian journalists it's simply a matter of laziness. That coupled with here in Norway a lack of skill with anything related to science or numbers. Their knowledge seems to inversely related to the size of the number :)

Cobos

graham

If this is true, Tesla needs to start buying some lunches of their own!

dpeilow

My experience with journalists is that 9 times out of 10 they will use wholesale any copy you provide them with, as long as it isn't poorly written. I was initially quite surprised by that.

dpeilow