It seemed only moments ago that Tesla was just months away from mass production, profitability, and a promising future. Then its CEO bailed, employees were laid off, and its best-laid plans were rent asunder by a nasty market. Tesla also lost a lawsuit with Fisker Automotive, which certainly didn't help their business.
Tesla's new CEO, Elon Musk of PayPal, boldly claimed that its upcoming electric sedan "will crush everything out there" in recent headlines. Alas, it looks as though plans for that sedan are probably scratched as Tesla is crushed by a brutal market.--Colin Mathews