• John V Posted: 11/22/2008 2:51pm PST

    I believe the funding Tesla applied for is not part of the current "bailout" discussions for the Detroit Three, but from earlier moneys allocated by the Dept of Energy for advanced drivetrain R&D and/or production.
    Not sure of the details, but I think you're conflating two different pools of government dollars.

  • Reece Posted: 11/25/2008 8:31pm PST

    Anyone remember Delorean, not the car but the company. It was a fraud to lure investors and the Goevrnment of Northern Ireland to give money. Tesla has the same ring about it. Burn through investors cash then Government cash. As bad as Gm et al are they are at least real (if very sick) companies, Tesla just doesn't smell right. Not sure the founder will be caught with a suitcase full of cocaine but don't expect this to end well.