Tesla asks for $400 M. loan
http://www.nytimes.com/2008/11/30/bu...digi.html?_r=1
. . . The company is requesting $400 million in low-interest federal loans as part of the $25 billion loan package for the auto industry passed by Congress last year. The program is intended to encourage automakers to improve fuel efficiency, . . . . . . Earlier this month at the Los Angeles auto show, BMW unveiled its all-electric Mini E, with a smaller battery, a motor with about 20 percent less horsepower than Tesla’s and a shorter range, 150 miles. BMW believes that current technologies used in the all-electric vehicles have not been tested enough in real conditions to be ready to be sold to the public. It will begin by leasing for one year a fleet of 500 Mini E’s for $850 a month each. At the end of the lease term, the cars will be returned to BMW for testing. . . . http://www.theautochannel.com/news/2...14017.1-lg.jpg Here is an example of GM testing their EV1s. So as I read the article, the author added: . . . LAST week, I visited the Tesla showroom in Menlo Park, Calif., and took the Roadster out on the highway. As I headed back to the showroom and waited at red lights, ready to hit the accelerator and fly, I realized that I was experiencing a guilty pleasure derived not just from the speed available at my touch but also from temporarily possessing something that shouted to the world its exclusiveness. . . . Bob Wilson |
Re: Tesla asks for $400 M. loan
amen to that Bob, this was a horrible article in the Times and the author should be ashamed to call himself a tech writer.
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