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Tesla Motors and Government Money
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graham
Active Member
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
Commentary: California wants to raid Big 3 bailout cash for green cars | The Detroit News | detnews.com
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.
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Letter from SF and SJ mayors
Mayors Reed, Newsom oppose $25B automakers' bailout - Silicon Valley / San Jose Business Journal:
Mayors Reed, Newsom oppose $25B automakers' bailout - Silicon Valley / San Jose Business Journal:
The letter is reprinted in this article: San Jose Mayor Chuck Reed and San Francisco Mayor Gavin Newsom Urge Congress Not to Let Auto Industry Bailout Stop Funding for Transportation Innovation - MarketWatch
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.
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.
graham
Active Member
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
Active Member
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.
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.
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
Cobos
graham
Active Member
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.
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