Slashdot Mirror


Tesla Motors To Suspend Roadster Production

Wyatt Earp writes with news that a recent SEC filing from Tesla Motors revealed the company plans to stop production on its electric Roadster (and the Roadster Sport as well) in 2011. This will leave the automaker without any cars to sell until the launch of its Model S sedan (financed in part by $465 million in DoE loans) in 2012. Tesla plans to resume production of Roadster models "at least a year" after the Model S arrives. From Wired's Autopia blog: "'As a result, we anticipate that we may generate limited, if any, revenue from selling electric vehicles after 2011 until the launch of the planned model S,' the company says in the SEC filing. That may not be a problem if S production starts on plan and goes off without a hitch, but if Tesla hits any snags, things could get ugly fast — a point it concedes in the filing. 'The launch of the Model S could be delayed for a number of reasons and any such delays may be significant and would extend the period in which we would generate limited, if any, revenues from sales of our electric vehicles.'"

401 comments

  1. Uh oh by Anonymous Coward · · Score: 2, Insightful

    Let's hope they don't screw the pooch... We need companies like Tesla to prove electric cars can be viable alternatives to prevalent gasoline vehicles...

    1. Re:Uh oh by Anonymous Coward · · Score: 5, Insightful

      There isn't anything for them to prove. They aren't an alternative.

      It's either price or range. Can't have both. I'm not spending $50k+ on a vehicle and I'm not driving one with less than a 300mi range.

    2. Re:Uh oh by Anonymous Coward · · Score: 3, Insightful

      I agree with you, but I would qualify it by saying that they are not an alternative "right now"; hopefully the price will go down and the range will go up as technology improves over time. Right now you are paying more money for less car with electric-only vehicles.

    3. Re:Uh oh by InsertWittyNameHere · · Score: 1

      It's ok, there's another company with an even better electric car. I'm heavily invested, you should consider it as well. Electric car

    4. Re:Uh oh by obarthelemy · · Score: 4, Insightful

      http://www.bts.gov/publications/bts_special_report/2007_10_03/html/table_02.html

      not very recent, and does not answer the question of how often very long trips occur, but still, range does not seem to matter a whole lot.

      I think the issue is more about getting to a point where it makes economical and practical sense to have an electric car for daily use, and rent a fuel car for longer trips.

      --
      The Cloud - because you don't care if your apps and data are up in the air.
    5. Re:Uh oh by Kneo24 · · Score: 1

      Correction, they aren't an alternative to you, but then again most vehicles aren't an alternative for you anyway. I hear you have these things called legs and feet. The mileage seems nearly infinite, and it's free. Can't compete with free, right?

    6. Re:Uh oh by jcr · · Score: 0

      We need companies like Tesla to prove electric cars can be viable alternatives to prevalent gasoline vehicles...

      They've already proved the opposite. If electric cars were a viable alternative to conventional, internal combustion engined vehicles, they wouldn't need hundreds of millions of dollars of tax money to keep them in business. Electric cars may be viable someday, but we're not there yet and a corporate welfare queen isn't going to produce it.

      -jcr

      --
      The only title of honor that a tyrant can grant is "Enemy of the State."
    7. Re:Uh oh by clang_jangle · · Score: 4, Informative

      If electric cars were a viable alternative to conventional, internal combustion engined vehicles, they wouldn't need hundreds of millions of dollars of tax money to keep them in business.

      Oh, then by that standard there are damn few companies worldwide (and none in the US) producing viable ICE-powered cars.

      --
      Caveat Utilitor
    8. Re:Uh oh by TheRaven64 · · Score: 1

      Even more true outside the USA. Most people in the UK who drive to work consider a 30 minute trip to be a pretty long commute. The kind of roads that they drive along generally have a 30 mile per hour speed limit, although some may be as high as 70. That makes a 15-35 mile trip about the maximum. If you can recharge it in an hour and it comes with a 50 mile range then that would cover most people who drive to work. People who regularly travel for work should really take the train for the long part of the trip and pick up a car closer to the destination, but unfortunately our government has spent the last 80 years dismantling our rail system and it's going to be a lot of effort to repair it.

      --
      I am TheRaven on Soylent News
    9. Re:Uh oh by memoriesofgreen · · Score: 1

      I like most people in the UK consider my commute of around 40 - 60 minutes about normal. I generally drive on average about 60mph. I could easily (if the law allowed) reach speeds in excess of 100mph. Can you explain your assumptions?

      --
      in the long run, we're all dead anyway.
    10. Re:Uh oh by Professor_UNIX · · Score: 3, Insightful

      My Grand Prix only has about a 300 mile range of city driving, but the advantage is that I can replenish its fuel supply in about 5 minutes at any number of fueling stations located strategically throughout the city. With the electric car, when your battery is dead, it's dead and you're going to be spending hours, or perhaps all night, waiting for it to recharge. That's not a viable alternative to gasoline-powered cars in my opinion.

    11. Re:Uh oh by selven · · Score: 2, Insightful

      It's not corporate welfare. It's the government allowing the companies to benefit from the relatively (compared to the status quo) positive impact electric cars have on the environment. Without these subsidies and without similar taxes on gasoline cars, gasoline cars will have an unfair advantage since some of the cost of the cars (pollution) is offloaded onto all of society.

    12. Re:Uh oh by tepples · · Score: 1

      it makes economical and practical sense to have an electric car for daily use.

      Then it becomes a tradeoff between the real estate cost of living in the city and the fuel cost of living in the country. Anonymous Coward has a bit of a point here.

      and rent a fuel car for longer trips

      That is, if you can rent a car at all. A lot of places won't let people under 25 rent a car, and a lot of places won't let people rent a car if the trip crosses state or province lines.

    13. Re:Uh oh by TheTyrannyOfForcedRe · · Score: 3, Informative

      With the electric car, when your battery is dead, it's dead and you're going to be spending hours, or perhaps all night, waiting for it to recharge.

      The car in this story will do a full charge in 45 minutes not hours.

      --
      "Liechtenstein is the world's largest producer of sausage casings, potassium storage units, and false teeth."
    14. Re:Uh oh by Anonymous Coward · · Score: 0

      Long trips happen often enough to require a second car payment. Well, fuck that. Does it really make sense for me to have 2 car payments so I can have a coal burning electric car on the overloaded socal grid, and still have a payment for a second car to go climbing every 2-3 weeks?

    15. Re:Uh oh by floodo1 · · Score: 2, Insightful

      I've been advocating a similar strategy with regards to trucks for years now. Most of the people that I know that own trucks only use them as a truck occasionally. Most of the time they use them for simple transportation, which could easily be accomplished by a much less polluting (and cheaper to operate) car. I've long wondered when the day will come that these people have a small car for their daily needs, then rent a truck for their occasional needs.

      --
      I KUT J00 M4NG!!!
    16. Re:Uh oh by xaxa · · Score: 1

      Unless you're travelling into/around London, a 40-60 minute drive is a long commute in the UK.

      Unless you're driving almost entirely on motorways etc, you're unlikely to average 60mph. 40-60 minutes at 60mph is 40-60 miles, which for most people in England would be much further than their nearest city, and most people live and work in the same town, or a nearby one.

    17. Re:Uh oh by Ihmhi · · Score: 4, Insightful

      Yeah, but like 90% of Americans travel less than 25 miles a day for their commute. For the minority who do need to be able to travel hundreds of miles, then an electric car isn't for you. But for the rest of the crowd it's perfectly fine.

      The "limited" range is a just another tactic by the oil and car industry to keep these things from ever getting popular. If your job is a 5 minute drive away and you make a weekly grocery trip 15 minutes away, why the Hell would you need a car with a range of 300 miles? Vacation/family trip, rent a car, take a train, bus, etc.

      The range isn't going to improve if people don't buy the damn cars to help fund R&D - with real-world data as well - for future generations.

    18. Re:Uh oh by memoriesofgreen · · Score: 1

      Most people would be in and around London and South East.

      My commute is out of the village, on to bypass, straight through to a dual-carriageway. I probably lose the average speed at the other end though so there is merit in your argument there.

      I tend to subscribe to in early, leave late approach so I miss traffic, and dance around those who dawdle.

      Might get the clock out and tacho re-set tomorrow and measure my times/distances. I still think I could make close to 60 on average.

      Don't give me trains through. In another job I used to commute 1 1/2 hr each way on the damm things.

      --
      in the long run, we're all dead anyway.
    19. Re:Uh oh by Deanalator · · Score: 2, Interesting

      If you are worried about running out of charge while driving through rural areas or something, why not invest in an EV Trailer?

      http://www.evnut.com/rav_longranger.htm

      It's a bit heavy, but it essentially temporarily turns your car into a hybrid when you need a gas engine for longer trips etc. They will likely become less useful as quick charge stations and battery swap stations become more popular, but it is a good temporary solution.

    20. Re:Uh oh by Anonymous Coward · · Score: 0

      My gasoline vehicle has a range of about 300 miles, and I can replenish its supply in about five minutes, but here's the thing: I do so only once per week. I was under the impression that an electric car,like your other battery-powered devices, could be plugged in and charged whenever you want. If that's the case, why wouldn't you plug it in each night? That would make your concern irrelevant, since you'd have 300 miles of range every morning when you woke up. In fact, it would be even more convenient for the owners of gas-powered vehicles, because you would never have to worry about finding a gas station again. All owners would have to do is make sure to recharge at least once per week while they slept, and no problem would arise. OTOH maybe I'm wrong...you do sleep right? You don't drive over 300 miles every day, do you?

    21. Re:Uh oh by memoriesofgreen · · Score: 1

      Actually just checked google maps, and my journey distance is more like 25 miles, and 41 minutes. Still think I can make an average of 60mph though.

      --
      in the long run, we're all dead anyway.
    22. Re:Uh oh by colonelquesadilla · · Score: 1

      I agree, and the "you don't travel that much very often" argument is bogus. It's a major aspect of having a car that you *can* make a 10 hour round trip any time you want without having to arrange for charging your car for hours. People have cars because of freedom as much as for their daily commute. What we need is a common platform and swappable batteries, so that you can go to a gas station, swap out your battery against a charged one for a fee, and keep driving.

      --
      It's either false dichotomies, or the terrorists win, you decide.
    23. Re:Uh oh by falconwolf · · Score: 1

      My Grand Prix only has about a 300 mile range of city driving, but the advantage is that I can replenish its fuel supply in about 5 minutes at any number of fueling stations located strategically throughout the city. With the electric car, when your battery is dead, it's dead and you're going to be spending hours, or perhaps all night, waiting for it to recharge. That's not a viable alternative to gasoline-powered cars in my opinion.

      Will you still feel the same when gas cost $10 a gallon? How about $50? At least with diesel engines, vehicles can be fueled with waste vegetable oil. I agree about electric cars though, until the driving range improves significantly or fuel cells become competitive, they are not feasible for many drivers.

      As for myself, I'm like a diesel hybrid.

      Falcon

      Oh, BTW, what year's your Grand Prix? I was disappointed when I had to sell my '78 Monte Carlo, especially after I rebuilt the engine. But because I was injured while riding my bike I was unable to drive it so it just sat in the backyard.

    24. Re:Uh oh by gtbritishskull · · Score: 1
      I completely agree. If they were a viable alternative then they would need billions of dollars in taxpayer money to stay in business.

      </sarcasm>

    25. Re:Uh oh by Joce640k · · Score: 1

      They *are* feasible for most people, there's a "what if" psychological block in place - the same blockage that makes people drive gas guzzler trucks every day just for the two times a year they actually need one.

      --
      No sig today...
    26. Re:Uh oh by jcr · · Score: 1

      It's not corporate welfare.

      Of course it is. They're getting hundreds of millions of dollars that they couldn't raise from private parties willing to risk their own money.

      --
      The only title of honor that a tyrant can grant is "Enemy of the State."
    27. Re:Uh oh by gemada · · Score: 1

      or we could set up battery swap stations

    28. Re:Uh oh by BlueParrot · · Score: 1

      It's either price or range. Can't have both. I'm not spending $50k+ on a vehicle and I'm not driving one with less than a 300mi range.

      Did you factor in:

      a)Cost of petrol vs cost of electricity

      b)Reduced maintenance costs since electric cars have fewer moving parts

      c)That petrol prices are very likely to keep rising as cheap sources
      of oil are depleted and replaced by more expensive ones.

      d)The Tesla is a luxury car and certainly not aimed at the general public.
      You should compare it to a Ferrari, not a Toyota.

    29. Re:Uh oh by kobiashi+maru · · Score: 1

      I like most people in the UK consider my commute

      you should have put in commas because it looks like you are saying that you like most people in the UK.

    30. Re:Uh oh by jcr · · Score: 1

      I didn't advocate giving billions of dollars to the failed companies in Detroit, either. Who should produce cars, of what types, and in what quantity is something the consumers in the market should decide, not the politicians who are sucking up to the unions for votes.

      -jcr

      --
      The only title of honor that a tyrant can grant is "Enemy of the State."
    31. Re:Uh oh by falconwolf · · Score: 1

      http://www.bts.gov/publications/bts_special_report/2007_10_03/html/table_02.html

      not very recent, and does not answer the question of how often very long trips occur, but still, range does not seem to matter a whole lot.

      While I applaud EV's and admit most people can get by with the driving range of them there are some like me who like if not love just jumping in a car and taking a long drive. And though I haven't done it yet I want to get into astrophotography but because I live in a large metro area I may have a long drive to get to where I can shoot the stars without light pollution. I don't know of any places to go now but there's an astronomy group in the area I want to get the info from. A hybrid could help with getting to good places.

      I think the issue is more about getting to a point where it makes economical and practical sense to have an electric car for daily use, and rent a fuel car for longer trips.

      For many people I agree, this could be a practical solution. Another one may be carsharing.

      Falcon

    32. Re:Uh oh by Anonymous Coward · · Score: 1, Interesting

      Nope - which is why the electrics need to get into the 250 mile per charge range and we need to have "battery exchanges" at gas stations (where you would pay $10 and swap for a fully charged battery similar to how you pay to fill your gas tank). Until we have that, it totally does NOT make sense to have to have multiple cars. I am with you there - my average day's commute round trip is about 80 miles with no feasible place to charge until I return home. Get me a longer range car and a place to swap batteries on longer trips and I will then buy into it.

    33. Re:Uh oh by GreatBunzinni · · Score: 1

      The economic analysis of a daily commute already favours electric transportation by a hefty margin, if we consider public transportation networks such as urban and suburban trains (subway). If electric makes sense for industrial exploration of a transportation network then it surely makes sense for personal transportation. It's only a question of how fast can it be adopted and how fast the service sector (repairing, power stations, etc..) can pick up the demand.

      --
      Slashdot, fix your code or at least hire someone who is competent at it to do it for you.
    34. Re:Uh oh by The_Wilschon · · Score: 1
      It is already a tradeoff between the real estate cost of living in the city and the fuel cost of living in the country (among a very very wide variety of other differences between the city and country...). The development of viable electric cars would simply reduce the fuel cost of living in the city, even though that is already fairly low. Of course, it would also likely reduce the maintenance costs of vehicle ownership in the city, and reduce the health costs of living in the city.

      Yes, this would principally benefit city dwellers over country dwellers. But you know, there are a lot of people that live in cities. Maybe something that is of benefit to them is worthwhile, especially if it doesn't hurt people who don't live in cities.

      --
      SIGSEGV caught, terminating

      wait... not that kind of sig.
    35. Re:Uh oh by Anonymous Coward · · Score: 0

      I agree, and the "you don't travel that much very often" argument is bogus. It's a major aspect of having a car that you *can* make a 10 hour round trip any time you want without having to arrange for charging your car for hours. People have cars because of freedom as much as for their daily commute. What we need is a common platform and swappable batteries, so that you can go to a gas station, swap out your battery against a charged one for a fee, and keep driving.

      You still CAN do that. When that 10 hour round trip you need to take maybe once a year comes along, you rent a gas car. The amount you saved in gas for the rest of the year will more than pay for that.

    36. Re:Uh oh by Anonymous Coward · · Score: 0

      Yeah, tell you what -- you go right ahead and "advocate" in one hand while poopin' in the other then come back here and tell us which one filled up faster. Welcome to the real world, jcr.

    37. Re:Uh oh by The_Wilschon · · Score: 1

      It might not make sense for you, but it probably makes sense for someone else, or the idea wouldn't have been brought up in discussion here. For instance, it makes sense for me. I make two long car trips each year, and renting for those two trips would almost certainly cost less than paying for a second car, or paying for gas and increased maintenance costs on my driving-around-the-city car.

      If it doesn't make sense for you, then don't do it. But don't knock it when it might help out a whole lot of other people who live in different situations.

      --
      SIGSEGV caught, terminating

      wait... not that kind of sig.
    38. Re:Uh oh by The_Wilschon · · Score: 1

      FWIW, and I'm not enough of an economist or political scientist to evaluate what real impact this has on this discussion, Tesla Motors filed for IPO on Friday. They're hoping to raise hundreds of millions of dollar from private parties willing to risk their own money. Of course, why they didn't do this earlier, or perhaps instead of accepting the government loan, is not really within my grasp for the aforementioned reasons.

      --
      SIGSEGV caught, terminating

      wait... not that kind of sig.
    39. Re:Uh oh by TooMuchToDo · · Score: 1

      Feel free not to. My deposits on two Model S Sedans make up for you not getting one ;)

    40. Re:Uh oh by falconwolf · · Score: 1

      People who regularly travel for work should really take the train for the long part of the trip and pick up a car closer to the destination

      What I'd love is to be able to drive my car onto the train then take the train the 25, 50, 100, or even 200 miles into downtown then drive off the train. The only train that does this now is Amtrack's Auto Train and it has only one route, between Lorton, Virginia and Sanford, Florida. And that is a non-stop route.

      unfortunately our government has spent the last 80 years dismantling our rail system

      In the US or UK? This may be true in the UK but it's not true in the US. The reason rail travel has declined in the US is 2-fold, the federal highway system and airplanes. Heck, as a teenager I rode a train from Michigan to Mass. While I loved it it was only cheaper than flying because a relative worked for the railroad company and got me a discount ticket.

      and it's going to be a lot of effort to repair it.

      Obama is fixing that for you, if you mean the US that is. He was just in Tampa where his stimulus plan is paying for a new high speed train that will run between Tampa and Orlando. And that just one route in his plan. I hope it doesn't end up with another Gilded Age of railroad robber barons.

      Falcon

    41. Re:Uh oh by BoberFett · · Score: 1

      Don't most families already have at least two cars anyway? Why is having one of them be electric such a bizarre concept?

    42. Re:Uh oh by EsbenMoseHansen · · Score: 1

      Long trips happen often enough to require a second car payment. Well, fuck that. Does it really make sense for me to have 2 car payments so I can have a coal burning electric car on the overloaded socal grid, and still have a payment for a second car to go climbing every 2-3 weeks?

      But a lot of people have 2 cars anyway, to permit man and wife to commute. One of these being electric makes a lot of sense, since electric cars do have some advantages for short trips. But yes, it has to make economic sense and I still doubt the batteries will ever be able to handle this. Would LOVE to be proven wrong, though.

      --
      Religion is regarded by the common people as true, by the wise as false, and by rulers as useful.
    43. Re:Uh oh by falconwolf · · Score: 1

      I didn't advocate giving billions of dollars to the failed companies in Detroit, either. Who should produce cars, of what types, and in what quantity is something the consumers in the market should decide, not the politicians who are sucking up to the unions for votes.

      I couldn't let this partisan rhetoric slip by without commenting. Yes, Democrats are in power now but a Republican president, Bush, first stepped in to bailout Detroit. Another republican president, Reagan, bailed out Chrysler.

      let no more be heard of confidence in man, but bind him down from mischief by the chains of the Constitution

      Neither Democrats nor Republicans know what the Constitution says or means.

      Falcon

    44. Re:Uh oh by Dare+nMc · · Score: 4, Interesting

      I would really like to see trailers with electric wheel motors, for cars. You can't tow a 2000 pound trailer with a 1500 # car, because the trailer would drive it off the road in a emergency stop. A hybrid trailer could have the batteries and motors, and never use the car's brakes and help with accelerate... We could rent just the trailer. Then again too many people never learned to drive with a trailer.
      Especially a hybrid RV trailer, the main reason I have a 3/4 ton pickup.

    45. Re:Uh oh by Anonymous Coward · · Score: 0

      Ford didn't take any bailout money.

    46. Re:Uh oh by Dare+nMc · · Score: 1

      Only if the electric can be done without batteries. So sure if we could connect all of our cars to a high voltage electric wire while driving. Currently the cost of batteries doubles the cost of electric and throws the cost advantage back to fuel.

    47. Re:Uh oh by Blakey+Rat · · Score: 1

      If a solution doesn't take into account human psychology, it's a failed solution.

    48. Re:Uh oh by Kymermosst · · Score: 1

      The range isn't going to improve if people don't buy the damn cars to help fund R&D

      So do you own one? Why not?

      Here's a small tip: The only hindrance to electric cars is the battery. You don't need electric cars to fund R&D for batteries, plenty of other industries also use them and are interested in higher energy density and faster charging rates.

      --
      "Alcohol, Tobacco, Firearms, and Explosives" should be a convenience store, not a government agency.
    49. Re:Uh oh by N1EY · · Score: 1

      I drive approximately 40 miles each way to reach my office. I drive on the highway. My "gaz-guzzling" V8 is surprisingly efficient at 4000-5000 RPM. The stop'n'go city driving folks are the ones whom are driving highly inefficient vehicles.

    50. Re:Uh oh by Anonymous Coward · · Score: 0

      I think you mean they didn't get any, but they sure did try.

    51. Re:Uh oh by justin12345 · · Score: 1

      Electric cars are a viable alternative. They are quieter, they are cleaner, they are far more powerful. The problem is the batteries. Not only are they heavy and decrease performance, but they have limited life spans and are difficult to recycle. Hydrogen fuel cells are the way to go. Hydrogen can be significantly cheaper then gas, the electric motor it powers can be built to be so powerful that they leave even a v12 in the dust. The Tesla roadster doesn't even have a multiple gear transmission because they couldn't figure out how to build one that could stand up to the torque of the motor. Not to mention a hydrogen "gas guzzler" doesn't harm the environment at all as it produces no carbon emissions.

      Now of course there is the problem of where are we going to get all this hydrogen from. While there are a few "pie in the sky" possibilities like exotic microbes that shit hydrogen, chances are we are going to do it the old fashion way, electrolysis. For that we need water and electricity. Fortunately in America we have the midwest, which has plenty of wind and is close enough to the great lakes to have plenty of water. All you need to do is set up a farm of wind mills and get a pipeline off of Lake Superior, and all of the sudden the US is the Saudi Arabia of the 21st century (energy wise).

      --
      Cool art gallery, if you're into that sort of thing.
    52. Re:Uh oh by StopKoolaidPoliticsT · · Score: 2, Informative

      Most TWO parent families have two vehicles... there are a whole lot of single parent families these days, not to mention single people that can't afford two cars. You're also excluding the two parent families that drive two $2000 cars because they can't afford a $40k car. In fact, that car might be worth more than their home.

      For upper middle class and higher families, it might not be a bad idea. Then again, most of them already spend more than they earn, so it is wise to buy an even more expensive vehicle, especially if they aren't going to drive it long enough for the fuel savings to pay for the difference?

      Does that mean electric cars don't have a place? Absolutely not... there definitely is a market for such cars. It's just not as broad as many of the promoters of electric vehicles want to portray it as.

      --
      Stop Koolaid Politics
    53. Re:Uh oh by Rand310 · · Score: 1

      Also be careful how you think about cost - this is a true and completely electric car. It will have a completely different cost curve. FAR fewer moving parts. Many fewer consumables. And no gasoline or oil. A 50k electric (if all the bugs and R&D is done (which is exactly what we're 'paying' Tesla to do)) could cost substantially less than a 30k gasoline car over its lifetime. It's still hard to tell. But it is different.

    54. Re:Uh oh by Anonymous Coward · · Score: 0

      Your reasoning is similar to that of Writely's developers - 90% of users only use 10% of the features of Word, so we'll just implement those 10% of the features.

      It's more complicated than that. People don't drive 300 miles very often, but if they do it a five times a year, like when I go skiing, then an electric car is not for them. Sure you can rent a car or take transit, but that requires planning and getting up early and general hassle, which negates the advantage of having a car: spontaneous personal mobility. Everyone uses one of those "unused" features once in a while, and when you need it, you need it. The 10% solution doesn't really work. Especially when it costs 2-4X more than the 100% solution!

      A move to electric cars, without solving the slow recharge problem somehow, will be a big step down in our standard of living. Not quite as bad as going back to mass transit, but it will still suck. Most people aren't going to go for that unless force is involved. If you can get the recharge time down to 15 minutes, using high current chargers or battery changeout or something, then it can work, but with overnight charging, forget it.

    55. Re:Uh oh by Tekfactory · · Score: 1

      Replying to an AC here, If the government didn't bailout Chrysler and GM...

      Ford, Toyota, Honda and everyone else would be in terrible shape right now because their suppliers would have gone bankrupt.

      So Ford benefited from the AUTO INDUSTRY bailout, the same way Goldman Sachs benefited from the Financial Industry bailout.

      But I guess that is too long for a pithy AC post.

    56. Re:Uh oh by Anonymous Coward · · Score: 0

      Most people would be in and around London and South East.

      That's what people in London & the South East would like to believe, but there are 70 million people living in the UK and 35 million of us do not live in London & the South East. Most people do not travel 40 miles to work.

    57. Re:Uh oh by `NS · · Score: 1

      One of the problems here is the way our insurance is set up. Insuring multiple vehicles is prohibitively expensive, and we can only drive one vehicle at a time. I would like to see insuring your drivers licence for public liability/public damage. Any further insurance can go on the individual vehicles. That way I could drive the vehicle which is suitable for the task at hand, rather than trying to come up with compromise vehicles to cover all my needs. Personally I have a motorcyle (Gold Wing) and a light truck (Suzuki Carry) insured. I would like to have a small motorcycle/scooter and a fuel efficient car as well, but cannot justify the cost of insuring them. I understand that some parts of Europe insure in this manner and would dearly love to see it here.

    58. Re:Uh oh by Anonymous Coward · · Score: 0

      However you start with a full tank every morning. So the only way you'd be waiting for it to recharge is if you drove 300 miles in one day.

      Assuming 30 mph (on the high end) city driving, that's 10 hours in a single a day of driving.

      If you sleep for any more than 6 hours and work for 8 hours, it isn't possible for you to drive that much.

    59. Re:Uh oh by GreatBunzinni · · Score: 1

      I also believe that that aspect, the battery price, will quickly be deal with as soon as a market for electric cars increases. I believe that there must be entrepreneurs salivating from the idea of all electric cars relying on replaceable batteries which would be exchanged in service stations, for a fair price of course. So the cars may rely on interchangeable batteries or the like but surely the idea of controlling the market of such an inelastic product as car fuel.

      --
      Slashdot, fix your code or at least hire someone who is competent at it to do it for you.
    60. Re:Uh oh by characterZer0 · · Score: 1

      A few years ago my family went from two ICE cars to one. 90% of our trips were fewer than 10 miles. 99.9% of our trips that not all four of us went on were fewer than 10 miles.

      I could have spent a lot of money on an electric car which would be ideal for commuting and short errands.

      But instead I spent just barely 4 figures on a bicycle, which works just fine for commuting and short errands. I lost 20 pounds too.

      --
      Go green: turn off your refrigerator.
    61. Re:Uh oh by Anonymous Coward · · Score: 0

      "The "limited" range is a just another tactic by the oil and car industry to keep these things from ever getting popular."

      You're an idiot. Just can't imagine that energy density, cost, and convenience MIGHT be why they aren't popular can you? It's always a conspiracy.

      This is the same reason wind and solar will never make it. ENERGY DENSITY

    62. Re:Uh oh by R3d+M3rcury · · Score: 1

      Agreed. That said...

      Personally, I would love a Tesla Roadster. I have no problem with the 300 mile range, which is easily within the realm of "everywhere I want to go." The rare occasion where it isn't, I'd rent something.

      My commute is 65 miles roundtrip. So I could go about four days without recharging, which is great.

      The only issue? I don't have $100,000+ sitting around to spend on a car. But if I did? I'd have one in my driveway yesterday.

    63. Re:Uh oh by Rei · · Score: 1

      Even better than car sharing, IMHO, is a towable generator like the AC Propulsion Long Ranger. Why rent or exchange a whole car when you could just rent or exchange a generator?

      --
      Noone ever goes walrus!
    64. Re:Uh oh by Rei · · Score: 3, Informative

      And Th!nk just demonstrated 15 minutes for 80% charging. Which the Subaru R1e supports, too. And the Leaf supports 30 minute charging for the same. The BYD F3DM takes 10 minutes to 80%, and the E6, 10 minutes to 50%. And on and on.

      Rapid charging is becoming a reality. Yes, rapid chargers are going to be rarer than slow chargers, as they're more expensive (similar to gas stations on a per-pump price), and about the size of a vending machine. But we don't need them to be as common as gas stations, because they're only really needed for when you go on long trips. In your everyday life, you start each day with a full charge and never have to even think, "Gee, do I need to get gas today?", then have to go out of your way, sometimes in adverse weather, to go fill up.

      --
      Noone ever goes walrus!
    65. Re:Uh oh by Rei · · Score: 1

      Not true. While the sort of batteries used in the Tesla Roadster are the same as are used in consumer electronics (18650-format cobalt cells), the types used in virtually all other modern EVs are not. Phosphate and spinel cells are still low volume products because most consumer electronics cares more about cost per Wh and energy density than they do about lifespan, stability, nontoxicity, and power density. And also, the packs themselves are not irrelevant costs, either, ignoring the cell costs. And neither are the costs of non-pack elements; have you priced an AC drivetrain and charger lately?

      What is needed is, quite simply, VOLUME. Volume on every single part. Because that currently doesn't exist, outside of just the cells that just Tesla uses. Nothing that makes up a phosphate or manganese-based li-ion EV with an AC drivetrain is expensive from a raw materials standpoint. It's almost all capital and labor costs. Which means that it'll benefit hugely from mass production and process refinements.

      --
      Noone ever goes walrus!
    66. Re:Uh oh by Rei · · Score: 1

      A couple times a year I need a cargo van to move something big. Does that mean I should make a cargo van my daily commuter?

      I love how you mention the inconvenience of having to rent or borrow for a long trip, but accept without question the inconvenience gasoline car drivers suffer in their *daily lives* of having to check whether they're running low on gasoline, and if so, drive out of their way to a gas station and fill up (incl. in inclement weather). If you need gas in a blizzard, you're out there filling up in a blizzard. EV drivers just plug in in their garage.

      --
      Noone ever goes walrus!
    67. Re:Uh oh by Anonymous Coward · · Score: 0

      You really should have read up on the Nickel-Metal Hydride (NiMH) battery before posting this comment.

      It had the price and range covered and it could go for a while. It was used in the EV1 before GM pulled the plug and was also the battery used in the RAV4 EV (Released in 1997). Cheveron bought out the company that owned the patents on this battery and mothballed it, suing Toyota so they can not even make replacement batteries for their RAV4 EV's.

      After over 10 years there are still a few of them on the road though, Off of their stock batteries they have gone a over 150,000 miles and they are still kicking. The RAV4 EV got I think about 120 miles to a charge and took about 5 hours.

      Thanks to Cheveron, no company can make this battery to be used in a vehicle again till about 2014 when their patent expires. So they have had alternatives, they have just had them being intentionally withheld to further the profits of the oil industry.

      Things like this is why I think it should be illegal to have defensive patents. It should be a case of either you use it or you lose it when it comes to patents.

    68. Re:Uh oh by Anonymous Coward · · Score: 0

      A big difference about pure electric cars vs gasoline cars that puts them miles ahead of them in city driving.

      When you have a gasoline car in a city, you spend a great deal of time idling at intersections and stoplights. You are burning gas this entire time.
      When you have a electric car at a stoplight or stopped at an intersection, their motor is not turning at all.

    69. Re:Uh oh by xaxa · · Score: 1

      I very much doubt a car-train would be much use for a commute. They take a long time to load. Usually, they require people to travel in a separate coach. You'd have to be really organised if you're to have intermediate stops, and they'd take a lot longer than the 30-90 seconds that's normal for a stop in Europe. Then consider that each passenger is bringing 1.5 tonnes or more of "luggage" with them. It's easy to fit 500 people on a medium-length train, but 500 cars would form a train over 1km long! Also, the train will be really heavy, i.e. slow.

      In most cases it would be better to park at the station, take a fast train into the centre of the city, and use some other form of transport (walking, cycling, bus, subway, taxi) to complete your journey.

      The GP is from the UK. A lot of the UK rail system was closed in the 1960s. Some of it is gradually being reopened and very recently new high speed lines have been officially proposed.

    70. Re:Uh oh by vivian · · Score: 1

      80 mile round trip? each day?
      If your typical, no wonder there's so much whining by the rest of the world about US energy usage and greenhouse gas production.
      Can you seriously not find a closer job, or move closer to your work? Apart from anything else, you'd have an extra couple of hours a day to read slashdot if you weren't spending all that time on a road.

    71. Re:Uh oh by hairyfeet · · Score: 1

      Never lived in the south, have you? In rural areas driving 60-80 miles to commute is just SOP. Hell I rack up 40+ just doing my shopping and to check on the occasional customer's PC. That of course doesn't count the 500 mile round trip to see my GF on the weekends (she had to move up by her dad after he had a heart attack) and here we have ZERO public transport. Zero zip nada squat.

      So while I can see electric cars working on the coasts, or in places like the UK where there is plenty of public transport, unless someone wants to start from scratch and build an entire public transportation network for the rural states I just don't see electric cars working here until the batteries get a whole lot better. And has anybody developed an electric truck yet? Because I just can't see us here in the south giving up our pickups. We got stuff to haul people!

      --
      ACs don't waste your time replying, your posts are never seen by me.
    72. Re:Uh oh by Kumiorava · · Score: 1

      Viable alternative really dependes on what are the requirements for the car. Gasoline-powered cars are not viable alternative to electric cars if you have a requirement to be able to run without emissions or you need full torque at all speeds.

      I agree that for your lifestyle it is most likely impossible to be satisfied with electric car limitations. Many families with two cars one of them can easily be electric car without even noticing the lack of long range on one of the cars.

    73. Re:Uh oh by sincewhen · · Score: 1

      Interesting idea.
      I've sometimes thought that electric cars could have an optional (rented?) easily installable ICE-powered generator, which clamps on to the boot/trunk or sits on the roof. This would have enough capacity to maintain charge at highway speeds and recharge when stationary.
      This could also be implemented as a trailer with extra range-extending batteries and regenerative braking as you suggest.

      --
      -- Braden's law of data: All data spends some of its lifetime in an excel spreadsheet.
    74. Re:Uh oh by greenlead · · Score: 1

      What if the battery you swap for is lower quality than the one that came with the vehicle? This is a problem with the current propane cylinder exchange system. You could buy a really nice cylinder, and trade for an awful one.

    75. Re:Uh oh by sincewhen · · Score: 1

      Do you realise that once upon a time there weren't "fueling stations located strategically throughout the city".
      In the early days of motoring, fuel stations were rare and cars had to buy and carry fuel in cans.
      My point is that until we start buying electric cars, the infrastructure won't get built. It's a bit chicken-and-egg, and companies like better place are trying to fix it.
      Perhaps these efforts will fail, perhaps we will instead opt for swappable battery packs.
      The point is if we do nothing because the alternative to what we are doing now has disadvantages, then we will never make progress.

      --
      -- Braden's law of data: All data spends some of its lifetime in an excel spreadsheet.
    76. Re:Uh oh by afabbro · · Score: 1

      Yeah, but like 90% of Americans travel less than 25 miles a day for their commute.

      But, like, 25 miles doesn't matter because, like, if it takes you 40 minutes to go, like, 25 miles, then you still have to burn, like energy that whole time regardless. It'd be different if you could drive, like, 55mph the whole way, but most people are driving more like 15-20mph.

      The average commute in the USA is, like, quite long in terms of, like, minutes.

      .

      --
      Advice: on VPS providers
    77. Re:Uh oh by Anonymous Coward · · Score: 0

      "The "limited" range is a just another tactic by the oil and car industry to keep these things from ever getting popular."

      Of course it is, I'm sure it's nothing to do with a weight trade off for the heavy batteries.

    78. Re:Uh oh by DavidShor · · Score: 1
      Insurance by the mile for each car seems like a better solution. I mean, somebody driving a Mercedes poses a higher actuarial cost then someone driving a volvo, and so insuring by the license doesn't seem fair. Not only that, but since risk of an accident is pretty much directly proportional to miles driven, it seems superior to the status quo anyway. It also does facilitate owning multiple vehicles.

      The only issue is that they require a special tracking device on the car. This is something that doesn't really bother me, since the police have access to my location via cell phone records anyway. But it seems like the kind of thing that would piss certain people off...

    79. Re:Uh oh by jcr · · Score: 1

      I couldn't let this partisan rhetoric slip by without commenting.

      Nice try, but I didn't say that the Republicans were any better, did I?

      -jcr

      --
      The only title of honor that a tyrant can grant is "Enemy of the State."
    80. Re:Uh oh by DavidShor · · Score: 1

      Well...most of the population do not live in rural areas. If we could get people who live in cities to switch, that would cover most of our oil consumption right there.

    81. Re:Uh oh by Idiomatick · · Score: 2, Insightful

      Hours probably but not all night. It doesn't matter though, we only need batteries to be a tiny tiny bit better. They don't need to be unstoppable machines. They just need to outdo the driver. If you plug it in for a lunch break, a piss break or two, and overnight when you goto sleep... you are getting CLOSE to being able to drive forever. The main issue is that plugs aren't everywhere yet and there isn't a nice set up. So long as companies are sticking in lots of these outlets as they do renos it shouldn't be a big deal. (I would suggest getting a GPS that lets you install your own POIs though for charge stations)

    82. Re:Uh oh by Mista2 · · Score: 1

      But are you going to buy an $80K Tesla only to get to and from work?

    83. Re:Uh oh by Ihmhi · · Score: 1

      So do you own one? Why not?

      Nope, I don't own an electric car. I can't afford a car, period.

      I'm also one of those people who regularly does make really long trips several times a year (sometimes several times a month). I've yet to run the numbers, but getting an electric car and having to rent/borrow for all the long-distance traveling I do now won't really work out.

    84. Re:Uh oh by Ihmhi · · Score: 1

      Perhaps I should elaborate, then.

      Bringing up the fact that the range is *only* 300 miles is just a distraction tactic. As stated before, 90% of people need around a 25 mile daily range for their commute.

      It's like when the car came out and someone said "But this thing can run out of fuel!". Yeah, no shit, but how often are you going to be going that far anyway?

    85. Re:Uh oh by Anonymous Coward · · Score: 0

      I've got a friend who pulls a 9-10k pounder with a 2-3k pound car (Nissan Maxima). It's a good thing there are trailer brakes for emergency stops.

    86. Re:Uh oh by Anonymous Coward · · Score: 0

      How about battery swap service?
      http://www.wired.com/autopia/2009/05/better-place/

    87. Re:Uh oh by DavidShor · · Score: 1

      Electric cars don't idle, and get energy from regenerative breaking, so the effect you're talking about is much smaller for electric cars or hyrbids then conventional ones.

    88. Re:Uh oh by couchslug · · Score: 1

      "I've long wondered when the day will come that these people have a small car for their daily needs, then rent a truck for their occasional needs."

      Rental isn't the only solution since vehicles are cheap. Multiple vehicle families are very common, and typical in many areas of the US, since it is quite practical to own a few cars/trucks/motorcycles. They don't burn fuel when they aren't being driven.

      --
      "This post is an artistic work of fiction and falsehood. Only a fool would take anything posted here as fact."
    89. Re:Uh oh by couchslug · · Score: 1

      Electro-mechanical jackknifing cluster fuck waiting to happen, rather like pushing a rope.

      A small pickup OTOH can get excellent gas mileage and still tow.

      --
      "This post is an artistic work of fiction and falsehood. Only a fool would take anything posted here as fact."
    90. Re:Uh oh by falconwolf · · Score: 1

      Nice try, but I didn't say that the Republicans were any better, did I?

      You didn't say anything about Republicans, you specifically targeted Democrats. Now if you really did mean both it would not have taken much effort to say that.

      Falcon

    91. Re:Uh oh by Dare+nMc · · Score: 1

      FYI, My theory is you place strain gauges, or other force measurement device in the trailer tongue, and also a sensor detecting hitch angle. Thus you could use the electrical motors to guarantee you never ever create a force from the trailer that is perpendicular to the direction of travel of the tow vehicle. Since electric motors can produce nearly instantaneous and linear force correction they would be capable of maintaining this, while all frictional brakes can only produce a drag, and are very non-linear and slow (in comparison) they cannot do the same. IE motors could brake the inside wheel, and use that energy to produce a force on the outside wheel negating the jackknife affect. Electric brakes could occasionally brake a inside trailer wheel dragging the car back into line, but would not be very desirable (wasting energy and destroying the brake pads of the trailer) unless it somehow knew the tow vehicle was in enough trouble to need help. Trying to climb a slippery road towing a hybrid trailer can (in theory) propel it's own weight, and negate the jackknife affect at the same time.
      The main focus was being able to carry a heavier load behind any car, not have a battery trailer that pushes on a regular basis.

    92. Re:Uh oh by phillipsjk256 · · Score: 1

      I have a friend who had a similar idea (and hopes to build/patent it).

      I pointed out you can't increase the load rating of the tow vehicle using this method. During emergency braking, much of the weight of the trailer will be shifted onto the rear axle of the tow vehicle.

      My friend then pointed out the other benefits you mention.

    93. Re:Uh oh by floodo1 · · Score: 1

      The point is to reduce wastefulness. If everybody buys trucks just for the times that they need the, and has another vehicle (or more) for the rest of the time, then most of the time the truck is sitting around doing nothing. If people rent instead, then (hopefully) the truck can be used much more, thus reducing the number of trucks that need to be produced, and reducing the amount of material needed.

      --
      I KUT J00 M4NG!!!
    94. Re:Uh oh by holmstar · · Score: 1

      Most families have multiple cars, and most people drive far less than 100 miles per day. That means that in general a particular family only needs one gasoline powered car (for road trips), and the others can be electric so long as they have about a 100 mile range.

    95. Re:Uh oh by jcr · · Score: 1

      You didn't say anything about Republicans, you specifically targeted Democrats.

      The subject at hand was the Detroit bailouts. I have condemned the TARP debacle too, on many occasions. Seems to me that you're the partisan, trying to fit me into your opposition camp.

      -jcr

      --
      The only title of honor that a tyrant can grant is "Enemy of the State."
    96. Re:Uh oh by falconwolf · · Score: 1

      You didn't say anything about Republicans, you specifically targeted Democrats.

      The subject at hand was the Detroit bailouts.

      Which Republicans started. Did you say that? No you blamed only Democrats. To me that is partisan BS, blaming one party, but not all parties involved.

      Falcon

    97. Re:Uh oh by Dare+nMc · · Score: 1

      Dual axle trailers reduce this issue. The hay trailer model (rear axle with a front steered front axle as well) eliminates that issue, but introduces more problems. Since virtually no one can back one of those without some assistance. I could see a single dually tire pod at the tongue that is electrically steerable.
      The best option is producing towing cars with heavy duty cooling systems and a rear beefed up suspension (air or hydraulic adjustable ride.) I see the fact that even high HP cars don't have sufficient cooling or engine components to make a single hill climb as being the biggest deal. A current corvette or BMW producing 300 hp for about 2 minutes solid would blow the motor and transmission (if auto anyway.) I like the idea of a rear engine Porsche, where I could place a cooler on the front of the trailer and hook up a cooling line, so you don't have to change the look of the car, always carry...

    98. Re:Uh oh by phillipsjk256 · · Score: 1

      My friend is busy with school, and has not commented yet. As I don't know how much I should disclose, I will talk about the tow vehicle.

      Now, I said you can not use these to increase the tow capacity of the tow vehicle. You responded by pointing out trailers can be designed to reduce the direct load on the tow vehicle (my proposed over-capacity solution is a convoluted, possibly dangerous 3-wheeled design).

      You then complain that the average car cannot put out maximum horsepower for an extended period of time. Not being mechanically inclined, I am not sure how true that is. The manual for my car suggests reduced speeds when towing.

      You know what a small, automatic car does climbing a (short, steep) hill at highway speed? The engine cannot supply enough power to keep the speed up (even with extra gas). The RPMs drop, and the car shifts into a lower gear! If you are traveling slow enough it may even down-shift twice. I suppose your point is high RPMs increase the transmission temperature and can lead to failure. The manual for my car does mention an optional transmission cooler.

      I guess my point is your proposed solutions appear to move the problems of overcapacity towing from the rear axle to the drive-train.

      tl;dr: Patient: "Doctor, it hurts when I do this."

      Doctor: "Stop doing that."

    99. Re:Uh oh by Dare+nMc · · Score: 1

      I guess it is easy to assume trucks and SUV's have large boxy front ends because it's manly or something, and cars have sleek skinny ones because the owners are more aero observant. But if you pop the hood you'll start to see the difference. Pop the hood on a 250 HP 3/4 ton pickup and a 250 hp car, and you'll find a truck radiator covering some 25 cubic feet of front surface area vs maybe 6 on the car, the truck will also be 3* as thick. It will have a much larger higher speed fan on the engine, and some electric fans pushing air as well, the car won't be nearly as much, low speed electric fan. Probably even a dedicated brake/steering cooler on the truck. That is just what you'll see. If you compare equal engines, say a 350 cu in from a truck vs a sports car, you would find the truck having things like 4 bolt main on the crank, also holding 2* the bearing surface, higher flow internal pumps And you'll find all this upgraded hardware will still come with a lower engine rating, like the 280 hp in my old chevy truck vs the 350 hp of the same engine block in a Camaro of the same year. We haven't even gotten into the transmission, where the torque converter is designed to have a peek efficiency at a high load, where the car will have a very aggressive pitch that will provide very high efficiency at low torques and speeds, since that is where they run 90% of the time. So while the Truck Automatic may lose 30 HP at a 300 hp Load, the car will likely lose closer to 75hp, without the cooling to dissipate that extra load. Since the tow rating is so low on most cars, they don't expect to do much and don't really discuss the extra maintenance. But pull a trucks towing service maintenance schedule, even with all this extra equipment it is likely to need 50% more maintenance than the cars, if used for towing (or the same without the towing work.)
      Of course the hybrid trailer could balance some of this by recouping braking energy to reduce the power required to accelerate, but that doesn't matter if you try to climb a hill on a already heat soaked engine that is long enough to push it over. Only for flat road slower city stuff could you try to keep the cars average HP draw the same, and not have some sustained at a high peek draw.

  2. I don't get it. by dr_strang · · Score: 1

    That's a pretty crappy business model.

    --
    This is a sig. It is like every other sig in the world, except that it is mine, and it is different.
    1. Re:I don't get it. by marcosdumay · · Score: 1

      Yep, or Roadster was making no money or there were some strings attached to that DoE loan.

    2. Re:I don't get it. by BigSlowTarget · · Score: 4, Insightful

      Its a brilliant business model: Sell $2 million worth of roadsters to generate publicity and get the hang of building electric, get a 400+ million dollar low interest loan, throw the dice on getting a product out and if you win you're rich. If you lose declare bankruptcy and retire on the salaries you paid yourself from the loan.

      If they tried to actually build cars they might get another $2 million in revenue which might get them one million in cash flow but it doesn't even compare to the $400 million they can play with courtesy of the government and it distracts the company from paying attention to the $400 mill project.

      These guys are brilliant hypesters with good government management skills.

    3. Re:I don't get it. by BigSlowTarget · · Score: 1

      missed a couple of zeros - 200 mill vs. 465 and cash flow of maybey $100M. Concept still applies

    4. Re:I don't get it. by Anonymous Coward · · Score: 0

      Just because a car is way out of your price range, doesn't make it hype.

    5. Re:I don't get it. by Anonymous Coward · · Score: 3, Informative

      Or Lotus pulled the platform

    6. Re:I don't get it. by clintp · · Score: 1

      Anyone old enough to remember Osborne Computers? This is similar to the business model they used. And this is why only the old timers will remember them, and as a cautionary tale.

      Tesla Motors is doomed to be just a $1600 question in Double Jeopardy.

      --
      Get off my lawn.
    7. Re:I don't get it. by clang_jangle · · Score: 5, Informative
      --
      Caveat Utilitor
    8. Re:I don't get it. by phoenix321 · · Score: 1

      Mod parent up, this a primary if not the only reason for this development:

      "Referring to Lotus’s plans to produce the next Lotus Elise and Exige, the statement from Tesla said, “we do not plan to sell our current generation Tesla Roadster after 2011 due to planned tooling changes at a supplier for the Tesla Roadster”."

    9. Re:I don't get it. by Overzeetop · · Score: 1

      I wondered about that. At 100k each, 2M is only 20 vehicles. I sincerely hope they make it, though this certainly sounds like a bonehead move unless your sole purpose is to develop technology/demonstrations, and not actually go into production for anything.

      --
      Is it just my observation, or are there way too many stupid people in the world?
    10. Re:I don't get it. by amorsen · · Score: 1

      This is kind of the other way around from the Osborne. The Osborne 2 was supposed to be better in every way than the Osborne 1. In this case, the next Tesla model is going to be inferior to the Roadster in every aspect except price and space. So everyone who wants the real thing should buy before 2011, or they won't get one (new) at all.

      --
      Finally! A year of moderation! Ready for 2019?
    11. Re:I don't get it. by timeOday · · Score: 4, Interesting

      Interesting speculation, but after reading about Tesla's founder Elon Musk I think you're wrong. He made a fortune on PayPal and could easily have called it quits and retired rich. Instead he doubles down again and again, pouring his own money into Space-X and Tesla. He's an engineer and he what he has accomplished so far, and looks poised to accomplish, is quite amazing.

    12. Re:I don't get it. by jamesh · · Score: 1

      The only thing I can think of is that they are waiting for people to rally together to persuade them to start making it again. Lots of free marketing and they get to say "back by popular demand" etc.

    13. Re:I don't get it. by Anonymous Coward · · Score: 0

      Elon is NOT an engineer. Indeed he thinks systems engineering is an artifact of the DoD. His heart is in the right place but he's way out of his league.

    14. Re:I don't get it. by strong_epoxy · · Score: 1

      This is what Boeing does with fantastic success.

    15. Re:I don't get it. by nelsonal · · Score: 1

      Consider the cost is a part of his fortune and the pay off is potentially being richer than Bill/Warren. That's all money is at this point, they've all exceeded the amount that any human could spend in one lifetime.

      --
      Degaussing scares the bad magnetism out of the monitor and fills it with good karma.
    16. Re:I don't get it. by timeOday · · Score: 1
      Obviously I can't vouch for his soul and he may be driven more by ambition than curiosity, or whatever it is we think he should be driven by. But the things he is driving for are great ambitions, moreso than his initial success with PayPal, and clearly not just scamming taxpayers. I love the part of the article where one of his suppliers is having production issues that threaten the entire Tesla production line so he jumps on it and works the issue with the supplier, personally, until it is fixed.

      We are sitting here doing almost nothing "real" about the looming energy crisis. We need more people like this with bold visions.

    17. Re:I don't get it. by sergueyz · · Score: 1
    18. Re:I don't get it. by Anonymous Coward · · Score: 0

      Silicon Valley pulls this kind of stunt every few years, world goes gaga pays mega bucks and looks stupid when the bubble goes bust. Nothing new to the Silicon Valley natives.

    19. Re:I don't get it. by nelsonal · · Score: 1

      I don't disagree, my point was more, that risking even a large part of his fortune (leaving still more than he could probably spend in his lifetime), is a small price for even a slim shot at some thing great (changing the world, being the richest man alive, some other lifelong goal). I have no idea what his goals are, but I doubt his personal plan for Tesla is simply skimming money from a cheap DoE loan.

      --
      Degaussing scares the bad magnetism out of the monitor and fills it with good karma.
  3. Killing yourself with good intentions by BadAnalogyGuy · · Score: 5, Interesting

    When Subaru came out with their 2010 Legacy model they brought out the big guns and re-engineered the body design completely. Subaru redesigns the Legacy on a five year timeline and instead of building on the tried and true Legacy platform, they designed the new Legacy around the WRX STi platform. The result is a car with a great engine, large interior, and aggressive styling.

    The other result is terrible sales.

    No one likes the new exterior. It resembles Honda's generic styling more than Subaru's conspicuously different styling. No one buys a Legacy because they want to drive an Accord.

    You can't build a city by burning it to the ground. You need at the very least a Granary and a Marketplace so that you can grow your population while making income. This allows you to finance all the other fun stuff you want to do like developing war trolls or building sorcerer's guilds. Without the basic income stream, you're just going to get screwed when some bear rushes in and eats all your citizens because you don't have even a single halberdier around to guard the town.

    This is a bad idea that will put Tesla out of business soon. I feel almost bad for all the people who prepaid.

    1. Re:Killing yourself with good intentions by JDHannan · · Score: 2

      I don't know what I did to never ever have mod points for like 2 years or something, but I've never wanted them more than I do right now.
      I love Master of Magic with all my heart

    2. Re:Killing yourself with good intentions by MasterOfMagic · · Score: 4, Funny

      Thanks.

      I love you too?

    3. Re:Killing yourself with good intentions by Evil+Shabazz · · Score: 1, Insightful

      Volkswagen fell into exactly the same trap with the Jetta. Where the Jetta used to have a distinct look that many really liked, their most recent iteration looks nothing short of what might be produced if an Audi raped a Corolla. The new generic body styles for the Jetta and Legacy have done nothing for their respective images.

      --
      Down with the career politician! SUPPORT TERM LIMITS
    4. Re:Killing yourself with good intentions by blackraven14250 · · Score: 1

      You need at the very least a Granary and a Marketplace so that you can grow your population while making income.

      Are you seriously still playing Caesar?

      This allows you to finance all the other fun stuff you want to do like developing war trolls

      ....war...craft?

      or building sorcerer's guilds

      I'm starting to think you've got alot of RTS mechanics floating around your head at this point

      Without the basic income stream, you're just going to get screwed when some bear rushes in and eats all your citizens because you don't have even a single halberdier around to guard the town.

      I got it! You're Stephen Colbert posting from the past!

    5. Re:Killing yourself with good intentions by drinkypoo · · Score: 1

      If I prepaid, I would certainly be massively pissed off. But a lot of these rich fuckers who can actually afford a Tesla Roadster will never notice the money. Still, they are jerking their customers around. They probably would have done better with a higher price tag. The kind of people who can afford it would pay anyway.

      --
      "You're right," Fisheye says. "I should have set it on 'whip' or 'chop.'"
    6. Re:Killing yourself with good intentions by maxume · · Score: 1

      What would be the difference if the Audi and Corolla made sweet love to each other?

      --
      Nerd rage is the funniest rage.
    7. Re:Killing yourself with good intentions by Evil+Shabazz · · Score: 1

      That wouldn't have been an atrocious, horrible act that should never have happened in the first place.

      --
      Down with the career politician! SUPPORT TERM LIMITS
    8. Re:Killing yourself with good intentions by CAIMLAS · · Score: 1

      Anyone who has been paying attention to the way that the whole 'green technologies' work could see this coming. Simply, nobody has been able to make a viable economic run of electric vehicles yet because the base technologies are not yet viable: significant research, not engineering needs to be done before any significant breakthroughs in the "end product" are made. The base technologies simply aren't available yet.

      By breakthroughs, I mean something actually desirable to consumers.

      I suspect the goals of Tesla were to pump-and-dump from the beginning: get a pretty concept vehicle with good marketing behind it, get government funding, and ride it to personal wealth. If it results in a viable commercial venture, awesome. If not, they'd still be ahead financially and they had a good time doing it.

      --
      ~/ssh slashdot.org ssh: connect to host slashdot.org port 22: too many beers
    9. Re:Killing yourself with good intentions by Sir_Lewk · · Score: 1

      You can't build a city by burning it to the ground.

      On the contrary, sometimes a fire is just the thing a city needs. Numerous great cities have burned in the past, only to grow back stronger than ever. It's a similar concept to forest fires burning down old and dead trees, to allow room for new growth.

      --
      "linux is just DOS with a UNIX like syntax" -- Galactic Dominator (944134)
    10. Re:Killing yourself with good intentions by mpyne · · Score: 4, Informative

      You can't build a city by burning it to the ground. You need at the very least a Granary and a Marketplace so that you can grow your population while making income. This allows you to finance all the other fun stuff you want to do like developing war trolls or building sorcerer's guilds. Without the basic income stream, you're just going to get screwed when some bear rushes in and eats all your citizens because you don't have even a single halberdier around to guard the town.

      This may be the best Master of Magic analogy I've ever seen. (btw if you've never played it, get DOSBox and a second-hand copy of the game pronto)

    11. Re:Killing yourself with good intentions by Blakey+Rat · · Score: 1

      I think he's playing a Civilization mod that has war trolls and magic? At least, everything other than the trolls and sorcerer's guild is in Civilization 4 already.

    12. Re:Killing yourself with good intentions by falconwolf · · Score: 1

      Anyone who has been paying attention to the way that the whole 'green technologies' work could see this coming.

      Anyone who looked into the rest of the story would know that Lotus is building the Roadster for Tesla at a plant in England but will stop building them in 2011. Lotus will instead build 2 Lotus models at the plant.

      Falcon

    13. Re:Killing yourself with good intentions by Anonymous Coward · · Score: 0

      I don't know what I did to never ever have mod points for like 2 years or something

      Um, post in an annoying font?

    14. Re:Killing yourself with good intentions by Rogerborg · · Score: 2, Funny

      I want your children. Biologically, it's not going to happen, but right now? I'm ready to give it a shot. You, sir, are composed entirely of Win.

      --
      If you were blocking sigs, you wouldn't have to read this.
    15. Re:Killing yourself with good intentions by Tekfactory · · Score: 1

      Some analysis at the NYT (IIRC) suggested that with the partnering deal they have with Mercedes, that if the S class doesn't pan out, Tesla might stop producing cars altogether, and just license their drivetrain technology to other companies.

    16. Re:Killing yourself with good intentions by Chris+Mattern · · Score: 1

      You can't build a city by burning it to the ground. You need at the very least a Granary and a Marketplace

      Well, of course you do. Otherwise you can't start building farms when foraging the berry bushes runs out.

    17. Re:Killing yourself with good intentions by skaralic · · Score: 1

      Mod up the Master of Magic reference! I love that game.

    18. Re:Killing yourself with good intentions by Anonymous Coward · · Score: 0

      I find it even funnier because the analogy works the other way too. The easiest way to win that game is to ignore the city building and researching entirely. Start with elves so you have a magic production boost, choose all death or nature books so you can start with high level spells, then as soon as the game starts pump out a few magic spirits to scout and then shadow demons or gorgons, depending on the type of book you chose, to kill everyone off.

      Direct all your magic production towards producing mana, ignore skill improvement and research. Charge high taxes and convert all your gold to mana immediately. Destroy any artificats you find for mana, you'll never have heros anyway. It's easy to win on the highest difficulty setting in this manner.

      In Tesla's case the loan is the elven magic production boost and starting with high level spells is the roadster production techniques. They are ready to clean up.

    19. Re:Killing yourself with good intentions by meringuoid · · Score: 1
      Second-hand copy? Good luck, anybody who actually owns one will not part with it unless they're quite mad. Fortunately, it's available on every abandonware site in the world.

      And yes, everyone else who's replying and wondering if it's some obscure Civ mod: Master of Magic is Civ 1 with wizards and dragons and trolls, and though incredibly unbalanced and broken in a million ways it is awesome.

      --
      Real Daleks don't climb stairs - they level the building.
    20. Re:Killing yourself with good intentions by meringuoid · · Score: 1
      shadow demons

      Wraiths are a better bet for an all-Death player. You can start the game with the necessary spell, begin casting on turn 1, and clean up every other wizard while they're still exploring the land with their first Swordsmen unit. IIRC, shadow demons weren't flying or water walking.

      My favoured cheese for MoM was the overunity crafter. Artificer + Runemaster, I think it was: Artificer gets you crafting spells at half casting cost, Runemaster gets you all arcane spells at 25% off casting cost, and crafting spells are arcane. Net result, you craft at 75% off, but when you break an item on the anvil you get 50% of its list price back. That's twice what it cost you to create.

      Overunity Crafter is slower than Wraith Rush, but I find it's more fun. You keep making and breaking magic items to build up a monster mana pool, recruit your first hero, equip him with truly epic gear, and then you go out and pwn.

      I remember reading in a FAQ long ago, that somebody had calculated a possible wizard build that would be able to summon Storm Drakes for free. To achieve this without cheating would require some lucky breaks from high-value Myrran nodes to get the necessary extra Sorcery books, and if you can beat a big Myrran sorcery node then you've probably won the game already and don't *need* that kind of cheese, but still, what a concept...

      --
      Real Daleks don't climb stairs - they level the building.
    21. Re:Killing yourself with good intentions by holmstar · · Score: 1

      Lotus is halting production of the roadster body shell because it shares production lines with it's other models, and those models are being redesigned. Tesla has no choice, they just have to wait for Lotus to complete the retooling.

    22. Re:Killing yourself with good intentions by holmstar · · Score: 1

      The body shell for the roadster is going out of production because ***Lotus*** is retooling to prepare for it's next generation models. Tesla just has to go along for the ride because they don't make the body shells.

  4. More Publicly Financed Toys for the Wealthy by CodeBuster · · Score: 5, Insightful

    The Tesla model S sedan will retail for $50,000+ which means that less than 20% (and that is being very generous) of Americans will be able to afford this car. Tesla is a niche and it will always be niche. The best that they (and the taxpayers) could hope for is for them to be bought by one of the major auto manufacturers. Why should the taxpayers be financing car production by boutique manufacturers for wealthy people? If the government subsidizes heavily so that average people can buy this particular car then you have to explain why the government should be in the business of picking winners and losers in the market for private automobiles. If Tesla is such a good investment then why cant they raise $450 million from the private equity market instead of from taxpayers; 99% of whom will never sit behind the wheel of a Tesla?

    1. Re:More Publicly Financed Toys for the Wealthy by demonlapin · · Score: 2

      Mod up. I can afford a Tesla, and I think it's insane that this is getting subsidy.

    2. Re:More Publicly Financed Toys for the Wealthy by drgruney · · Score: 3, Insightful

      It's called the trickle down effect. When cars were first made they were toys for the wealthy. Now every schmo thinks they are entitled to own 4 wheels and an engine. It doesn't matter how much electric cars cost, if they are made the technology will eventually become common enough for everyone to have it.

    3. Re:More Publicly Financed Toys for the Wealthy by Anonymous Coward · · Score: 1, Insightful

      one could see it as a long term investement. Testla will make the tech more mainstream, simply by producing "many" cars. This will lower the price for similar cars for the average person.

      So one could see that investement as a R&D investement

    4. Re:More Publicly Financed Toys for the Wealthy by Thing+1 · · Score: 5, Insightful

      Tesla is a niche and it will always be niche.

      Agree, and strongly disagree.

      "Cars are a niche, people will always ride horses for transportation."

      "Computers are a niche, they take up a whole room, there isn't really demand for more than six or so of them."

      "Planes are a niche, they're useful in war but that's about it."

      We the taxpayers should finance this company, and not bail out the "big 3" (two, really, Ford didn't need as much help), because they're proving that they can make something revolutionary that will work its way down to being affordable to everyone. The big 3 are just doing more of the same. And slower.

      And besides, it's not a gift, it's a loan.

      --
      I feel fantastic, and I'm still alive.
    5. Re:More Publicly Financed Toys for the Wealthy by Kneo24 · · Score: 4, Insightful

      Well, if it was generally that easy, I'm sure they would have done it sooner. The fact of the matter is, for any startup, you need to target the rich to not only bring down the price of economies of scale, but to pay off for the R&D initially. Yes, there's still R&D going on, but their biggest hurdles are out of the way.

      To suggest that they're just a boutique manufacturer for only the wealthy shows ignorance on your part. That isn't their primary goal. Their primary goal is eventually make an affordable electric car for everyone that has style, performance, and still have the vehicle give a good range. They've done the really expensive car. Now they're doing the sort of expensive car. Next they'll do the even cheaper version. This has been their stated road-map for quite some time.

      Besides, the government subsidizes all sorts of things, some things I'm sure you couldn't initially afford until cheaper variants came out. Are you against that too?

    6. Re:More Publicly Financed Toys for the Wealthy by barberousse · · Score: 1

      That's what I thought of all the car and bank subsidies. What's your point? At least, Tesla car are better for the environment.

    7. Re:More Publicly Financed Toys for the Wealthy by blackraven14250 · · Score: 1

      You don't start by making a $2,000 car. You start by making a $100,000 car, then a $50,000 car, then a $35,000 car....

    8. Re:More Publicly Financed Toys for the Wealthy by Walter+White · · Score: 2, Insightful

      Tesla is a niche and it will always be niche.

      I do not agree. They started business as a niche product with the aim of introducing products at a lower price point that could sell in larger volume. That cannot be done in one huge step. If they succeed with the S model, the next model will be higher volume and lower cost.

    9. Re:More Publicly Financed Toys for the Wealthy by Anonymous Coward · · Score: 0

      Because it's not just about you.

    10. Re:More Publicly Financed Toys for the Wealthy by drinkypoo · · Score: 2, Insightful

      The Tesla model S sedan will retail for $50,000+ which means that less than 20% (and that is being very generous) of Americans will be able to afford this car.

      We're talking about a group of people who tend to buy luxury cars with poor mileage, so it's a good idea to get them into something efficient. These are also the people that others want to emulate; if the roadster is any indication, the Model S will be driven by celebrities first. Cigarettes became popular in the USA only after the smoking industry paid Hollywood to include smoking scenes in movies. The same is true of Diamonds, which are a semi-precious stone whose supply is controlled to make it precious.

      Tesla is a niche and it will always be niche.

      ESL?

      Why should the taxpayers be financing car production by boutique manufacturers for wealthy people?

      They shouldn't be. However, taxpayers have actually financed limits on emission controls: California had a master plan for forcing automakers to produce less-polluting cars, and the federal government threatened to sue California if we did so. As a kid I used to be against smog laws. Then I grew up a little and woke up to the fact that everything we do affects someone else, and that my convenience or taste in autos should not impact another's breathing. Right now I'm in Panama, where there are no emissions controls. Cars with 2.5 liter or even smaller diesels put out dramatically more unburned hydrocarbons (and presumably, every other kind of pollution) than my 7.3 liter IDI diesel, in my 1992 F250. I've had a low-grade persistent cough since I got here, and it has only gone away since coming to Bocas town, on an island peninsula. The big difference here is the lack of cars; there's hardly any here because nothing is very far from anything. Another big difference of course is the lack of burning; it's not so agricultural here, and what there is isn't handled in the "green revolution" factory farming manner, it's more natives picking [naturally] organic fruit. Now I love emissions laws, even the periodic retesting.

      Where does this rant lead? The benefits from Tesla motors are twofold. One, we're getting EV research at what is probably the bottom dollar. Two, we're getting EVs into the hands of some of the most influential people in the world; those persons who the whole world sees in the media. This will necessarily have the result of increasing demand for EVs.

      If the government subsidizes heavily so that average people can buy this particular car then you have to explain why the government should be in the business of picking winners and losers in the market for private automobiles.

      The public has never demanded accountability for subsidies before, why would they start now?

      --
      "You're right," Fisheye says. "I should have set it on 'whip' or 'chop.'"
    11. Re:More Publicly Financed Toys for the Wealthy by maxume · · Score: 1

      The good news is that the $450 million cost the average taxpayer about $0.30

      (I'm assuming ~ 150 million taxpayers, and using the middle quintile from this page as 'average':

      http://www.cbo.gov/ftpdocs/88xx/doc8885/EffectiveTaxRates.shtml

      And I say that more in the spirit of not worrying about individual programs than I do in the spirit of thinking there is anything reasonable about current levels of government spending vs tax revenues (and when I say current, I mean the last 40 years more than I mean this particular, particularly egregious, year)

      )

      --
      Nerd rage is the funniest rage.
    12. Re:More Publicly Financed Toys for the Wealthy by MartinSchou · · Score: 2, Insightful

      If Tesla is such a good investment then why cant they raise $450 million from the private equity market instead of from taxpayers; 99% of whom will never sit behind the wheel of a Tesla?

      If the banks are such good investments, why can't they raise their billions and billions dollars instead of completely unconditional loans and gifts from the government?

      The biggest difference I see, is that Tesla has a viable business model, whereas the banks' business models seem to be "siphon money into CEO's pockets". Granted, that's a pretty viable business model for the CEOs, but not really for anyone else.

    13. Re:More Publicly Financed Toys for the Wealthy by Frosty+Piss · · Score: 2, Insightful

      The Tesla model S sedan will retail for $50,000+ which means that less than 20% (and that is being very generous) of Americans will be able to afford this car.

      True, but a "sports car" is not what everybody wants anyway. And, have you priced a full-sized SUV recently? Saddly, many people spend close to 50k for conventional gas / disel "family" vehicles.

      --
      If you want news from today, you have to come back tomorrow.
    14. Re:More Publicly Financed Toys for the Wealthy by avilliers · · Score: 5, Insightful

      The Tesla model S sedan will retail for $50,000+ which means that less than 20% (and that is being very generous) of Americans will be able to afford this car. Tesla is a niche and it will always be niche. The best that they (and the taxpayers) could hope for is for them to be bought by one of the major auto manufacturers. Why should the taxpayers be financing car production by boutique manufacturers for wealthy people?

      It's new technology; even if this model never takes off the expertise can spill over. It's not like giving money to Ford to keep more Mustangs on the street. It's a potential benefit even if the parent business fails.

      It's a pretty good way encourage technology development. A lot of private people think they may be able to make it profitable eventually, they've put in their money, so the government leverages work that may prove valuable beyond the short-term by giving loans. No new government buildings needed, no new bureaucracy you can't kill.

      I don't know enough about Tesla or the industry to say if this particular one is the best use of money, but it's not unique or anything. Corporations often get subsidies for new tech; basic research just doesn't get done at measurable levels these days in private industry. Bell Labs isn't what it used to be.

      If the government subsidizes heavily so that average people can buy this particular car then you have to explain why the government should be in the business of picking winners and losers in the market for private automobiles.

      The "picking winners and losers" thing has really become a meme. Government policies necessarily determine winners and losers all the time, of course, with zoning laws, housing subsidies, mileage standards, public roads, wars for oil, leasing out of federal land, tarriffs, and so on.

      If we (ie, the people through the government) chose to spend massive subsidies on electric cars, it would be because we thought the benefits (noise, local pollution, energy flexibility, global warming) outweighed the costs. We'd be saying that cars that spew out those pollutants are "losers," and it's worth paying for them to get off the roads. That is fundamentally a government business--making decisions about the common areas in communities.

      If Tesla is such a good investment then why cant they raise $450 million from the private equity market instead of from taxpayers; 99% of whom will never sit behind the wheel of a Tesla?

      Because, obviously, a good investment for the government is not the same as a good investment for a private investor. We don't expect corporations to identify candidates in kindergarten and pay for their schooling through 12th grade and college. They'd never get their money back, at least not in a free labor system, but society as a whole benefits.

      Your points are really all cookie-cutter stuff, by which I mean they apply to any government intervention, not just Tesla, not just for putatively rich people. But even in freshman college micro-economic models, concepts like externalities might justify state intervention, and in the real world, actual or de facto subsidies for other industries require it. Given this specific intervention is a loan, not some recurring grant and not regulation, which will let the company live or die in the market (as evidenced by the actual story), do you have any actual reason to oppose *this one*, and not just all?

    15. Re:More Publicly Financed Toys for the Wealthy by QuantumRiff · · Score: 1

      So their first car retails for >$100,000, and their second will be around $50,000 (which, after tax rebates, will be in the 40's) and they have stated that they will have an even cheaper car in the future, and your not seeing how the price declines relate very much to how technology drops in price?

      Little things like once they build a plant, they can make their own cars, instead of buying a LOTUS, ripping it apart, and then putting there parts in could really, really drop the price. Look at the volt. Its not that far off in the price range. Is GM a boutique manufacturer?

      --

      What are we going to do tonight Brain?
    16. Re:More Publicly Financed Toys for the Wealthy by MpVpRb · · Score: 1

      Why should the taxpayers be financing car production by boutique manufacturers for wealthy people?

      Because the only way to lower prices is to increase production.

      In the early days of gasoline cars, they were made by by "boutique manufacturers for wealthy people".

      Little by little, as the industry matures, electric cars will get more affordable.

    17. Re:More Publicly Financed Toys for the Wealthy by jcr · · Score: 0, Redundant

      It's a pretty good way encourage technology development.

      Bullshit. If you want to encourage technology development, then let people keep their money and invest it as they see fit, rather than having their money diverted to failed companies for political reasons. Tesla is not a viable business.

      -jcr

      --
      The only title of honor that a tyrant can grant is "Enemy of the State."
    18. Re:More Publicly Financed Toys for the Wealthy by maxume · · Score: 1

      A bunch of big banks in the U.S. raised money and paid back the government because they didn't like the conditions that came with the loans they had gotten.

      --
      Nerd rage is the funniest rage.
    19. Re:More Publicly Financed Toys for the Wealthy by avilliers · · Score: 3, Interesting

      Bullshit. If you want to encourage technology development, then let people keep their money and invest it as they see fit, rather than having their money diverted to failed companies for political reasons. Tesla is not a viable business.

      -jcr

      Sorry, the fact is that major technology jumps in modern history have government intervention, from vaccines to biotech to railroads to the internet. I know it doesn't match the way some people want things to work, but not much I can do about it.

      Private money goes mostly to short term, 3-5 year horizon projects. You don't need to subsidize those (not that we don't, through IP law), but any technology that has longer time to profitability needs help.

    20. Re:More Publicly Financed Toys for the Wealthy by TheRaven64 · · Score: 2, Insightful

      And besides, it's not a gift, it's a loan.

      No, it's a gamble. If the company goes bankrupt, the loan will never be repaid so it retroactively becomes a gift. I'm fairly sure that people gambling with other people's money was one of the causes of the current financial mess...

      --
      I am TheRaven on Soylent News
    21. Re:More Publicly Financed Toys for the Wealthy by karnal · · Score: 1

      I like your first point; however your second point - isn't that kind of wrong?

      I would highly expect that Tesla would be buying the Lotus frame seperately - if they were buying the entire car, they'd be close (if not over) their asking price for the roadster just by purchasing the vehicle to strip...

      --
      Karnal
    22. Re:More Publicly Financed Toys for the Wealthy by Anonymous Coward · · Score: 0

      Care to cite what bail out funds Ford got?

      It's a loan only up to the point that they need to file for bankruptcy. I think you should take a little time to familiarize yourself with how that system works.

      And Tesla Motors will occupy a spot in the automotive museum right along side of the DeLorean... you can bet on that.

    23. Re:More Publicly Financed Toys for the Wealthy by phoenix321 · · Score: 1

      By that logic, you could justify billions of tax dollars for each and everyone and the classic avenue of Statism. An entanglement of state and corporations was called Fascism by Mussolini himself and as we have state and corporations entangled enough as it is, we don't need more of it.

    24. Re:More Publicly Financed Toys for the Wealthy by Anonymous Coward · · Score: 0

      Care to cite what bail out funds Ford got?

      Not very good at reading comprehension, are ya? He went from 3 to 2, and then explained why he wasn't counting Ford among the remaining 2.

    25. Re:More Publicly Financed Toys for the Wealthy by phoenix321 · · Score: 1

      Many other major things in modern history had something to do with government invention and usually some million people died in the ordeal.

      Keep the market competitive, keep contracts honored, protect the goddamn borders and then some. Everything else is pissing the taxpayer's money away for issues of political importance, more often than not political capital. Once you enable political capital to be a viable alternative to monetary capital, you will notice that people are constantly producing political capital, because it's so easy to write pamphlets, manuscripts, ideas, manifests and declaration and so incredibly hard to have a viable business running.

      Trust me: never allow anyone to pay in "good will" or "good will" quickly replaces hard cash for everything. As "good will" cannot provide free lunches, even large economic bodies like the Warsaw Pact can go bankrupt within a decade if they rely on that.

    26. Re:More Publicly Financed Toys for the Wealthy by Sulphur · · Score: 2, Interesting

      You don't start by making a $2,000 car. You start by making a $100,000 car, then a $50,000 car, then a $35,000 car....

      If you do enough of something, then you get good at it. Costs like engineering can be spread over a line of cars.

      If there were only one _____ car it would be outrageously expensive; however, there are many.

      --

      Paper tape calculator with keys taped down. The boss walks in. "What is that?"
      The answer: "Its calculating my salary in real time."

    27. Re:More Publicly Financed Toys for the Wealthy by Cyberax · · Score: 1

      To be fair, GM with it GM Volt is on to something...

    28. Re:More Publicly Financed Toys for the Wealthy by sonicmerlin · · Score: 1

      I wish I had mod points for you.

    29. Re:More Publicly Financed Toys for the Wealthy by floodo1 · · Score: 1

      Well, the market doesn't always operate in the best interests of the people. Environmental issues show this to be the case. In other words, the market isn't the solution to every problem, and "saving the environment" is a prime example of where it's going to take subsidies in order to counteract the market, so as to secure the public interest.

      --
      I KUT J00 M4NG!!!
    30. Re:More Publicly Financed Toys for the Wealthy by blind+biker · · Score: 1

      The Tesla model S sedan will retail for $50,000+ which means that less than 20% (and that is being very generous) of Americans will be able to afford this car. Tesla is a niche and it will always be niche. The best that they (and the taxpayers) could hope for is for them to be bought by one of the major auto manufacturers. Why should the taxpayers be financing car production by boutique manufacturers for wealthy people? If the government subsidizes heavily so that average people can buy this particular car then you have to explain why the government should be in the business of picking winners and losers in the market for private automobiles. If Tesla is such a good investment then why cant they raise $450 million from the private equity market instead of from taxpayers; 99% of whom will never sit behind the wheel of a Tesla?

      I have a general comment: Porche makes and always has made sport cars. They've been steadily increasing profits, year after year. They steadily also increased their holdings of VolksWagen Group (to somewhat over 35%) until they merged. So, even if you "only" make luxury cars, you can make profits that are in the same order of magnitude, or even better than, the traditional manufacturers. In fact, Porsche was arguably more solvent than some US car manufacturers have ever been.

      --
      "The agriculture ministry is not in charge of Gundam" - Japanese ministry official.
    31. Re:More Publicly Financed Toys for the Wealthy by Anonymous Coward · · Score: 0

      if "as much help" means "no help". GM (or ford) might make some money on the car sale, but most of their money comes through financing that car sale. GMAC received 3, maybe 4 rounds of bailouts and all their debt is backed by the federal reserve. That means they can (and did) drop their lending standards (why does that sound familiar?), borrow at 0% interest, and have 0% loans to push GM car sales. Ford's financing unit needs to get their capital on the open market, at a much higher rate.

    32. Re:More Publicly Financed Toys for the Wealthy by Anonymous Coward · · Score: 0

      "And besides, it's not a gift, it's a loan."

      And if they fail to repay the loan? Us poor suckers foot the bill again.

      I am sick of this f***ing administration giving my taxes to the wealthy (Wall Street, Tesla/GM/Chrysler execs) and lazy (GM/Chrysler unionized workers). I can't wait for November.

    33. Re:More Publicly Financed Toys for the Wealthy by Anonymous Coward · · Score: 0

      (two, really, Ford didn't need as much help)

      Not very good at reading comprehension, are ya?

      Or are you just such a fucktard that you don't know what the term "as much" means to the rest of the English speaking world?

    34. Re:More Publicly Financed Toys for the Wealthy by Anonymous Coward · · Score: 0

      More like:

      " Luxury cars are a niche, people will always ride horses for transportation."

      " Super computers are a niche, they take up a whole room, there isn't really demand for more than six or so of them."

      "Private jets are a niche, they're useful in war but that's about it."

      Tesla's target market isnt the average person, they are going after the more affluent customer. they arent the Ford of the electric auto. they are one of the long line of boutique manufactures that were already around catering to the affluent.

    35. Re:More Publicly Financed Toys for the Wealthy by ak3ldama · · Score: 1

      And besides, it's not a gift, it's a loan.

      Huge government loans, on effectively no interest, are gifts. Hold no illusions.

      --
      "but money is the God of Algiers & Mahomet their prophet." - Rich. O'Bryen June 8th 1786
    36. Re:More Publicly Financed Toys for the Wealthy by LordVader717 · · Score: 1

      $50000 is not an excessive price for a luxury car. It puts it on par with comparable sedans, and there are certainly enough Americans prepared to pay $50000 for a car. They wouldn't even have the capacity yet to produce a huge number of cars, so it's important they find a market where they can establish their brand. Even if they were only to gain average market share relative to the price category it would be a spectacular achievement and would be a huge disruption in the industry.

      The reason why they deserve huge loans is because they are now the major driving force behind fully battery-electric vehicles and thus not only have huge potential for future industrial development and job creation but are also working towards our long-term energy policies.
      Even if the Tesla brand remains a niche or the company becomes bankrupt in ten years time, I will bet you that thirty years from now, when people are driving along in their cheap bottom-line electric vehicles they will be using technology developed by Tesla Motors and it's partners.
      Compare it to the technological achievements made by another niche brand (which BTW have invested heavily in Tesla Motors) to get an idea of what we're talking about here.

    37. Re:More Publicly Financed Toys for the Wealthy by John+Hasler · · Score: 1

      > We the taxpayers should finance this company...

      Yes, it's a good thing the US government financed Cadillac luxery cars early in the twentieth century, isn't it? Otherwise cars might never have caught on.

      Oh. Wait...

      If you think Tesla should be financed you go right ahead and do so, with your money.

      > And besides, it's not a gift, it's a loan.

      If it was a good investment someone other than the government would make it.

      --
      Warning: this article may contain humor, sarcasm, parody, and perhaps even irony. Read at your own risk.
    38. Re:More Publicly Financed Toys for the Wealthy by Anonymous Coward · · Score: 0

      We should not fund these guys. Their cars are crap, have you read the independent reviews. They defrauded their customers as their cars don't deliver. All of their competent engineer have left. Almost all of the private venture capital has pulled out. The gov should pull the plug at once. What moron buys an over priced niche car a lotus no less and converts, to electric for twice the cost. You can give them money if you choose not my money.

    39. Re:More Publicly Financed Toys for the Wealthy by ak3ldama · · Score: 1

      Ford received a bunch of money to fund experimental development of an engine I believe they call the Bobcat. It is a twin-turbo gasoline engine, with E85 directly injected in. It develops massive power. It's a sink hole. Too expensive to utilize and just a reason for Ford to get some of that government teet. Ford fans are making fun of GM fans these days but it's not entirely fair. Figured slashdotters may or may not be aware...

      For the Bobcat experimental engine, the longer-stroked 5.4 was used in combination with a smaller bore that provided thicker cylinder walls needed to withstand the high internal pressures of the boosted 750 pound-foot engine. According to Harrison, the Bobcat was part of a Department of Energy funded research project and there are no current plans for a production engine based on the technology. He also tells us that the extra cost of the dual injection systems and more robust block and heads negates much of the savings from not needing a diesel after-treatment system.

      Other than that I do believe they got some government loans, effectively gifts, to fund restructuring. The difference between Ford and GM was timing, Ford figured out sooner what the fuck was going on and they're reaping the benefits now.

      Now, the discussion of governments helping companies, as being socialistic in nature is probably a fair discussion - and also a fair analysis. However, the better discussion is why we have not punished our civil leaders for putting us into this system where there is NO protectionism of the American economy and production system. Taking down tariffs at every turn is very harmful. We are bowing to the pressure of libertarian think-tanks that live in a dream world. Granted, we may need to have "free-er" trade than we had in the 1800s, but to just take tariffs away completely? This is especially harmful when other countries keep their tariffs up or somewhat up. Also, what happens to our "neighbours" ... our FUCKING neighbours! Flooding Mexico with our governments subsidized corn has repurcussions. We cannot turn our back from these issues, and we cannot remain silent.

      It is my viewpoint, that so many of the current ills of the world are being "funded" by cheap petroleum. Once shipping costs go back up we should once again return to some basic and appropriate levels of protectionism, local food production, etc. The powers that be just saw an easy way to further widen the wealth and power gap and proceeded to do so.

      --
      "but money is the God of Algiers & Mahomet their prophet." - Rich. O'Bryen June 8th 1786
    40. Re:More Publicly Financed Toys for the Wealthy by Anonymous Coward · · Score: 0

      You must have missed the story about Ford posting an annual profit for the first time since 2005, while also paying down debt and not filing bankruptcy like the other two of the Big 3.

    41. Re:More Publicly Financed Toys for the Wealthy by gtbritishskull · · Score: 1

      What do you consider "cash for clunkers" if not a subsidy for the car market?

    42. Re:More Publicly Financed Toys for the Wealthy by jcr · · Score: 0, Redundant

      It does not follow that because government robs us and spends some of that money on politically-favored R&D, that R&D would cease to exist if government stopped doing so.

      -jcr

      --
      The only title of honor that a tyrant can grant is "Enemy of the State."
    43. Re:More Publicly Financed Toys for the Wealthy by MartinSchou · · Score: 1

      So it's okay for the banks to borrow billions of dollars and then pay them back later, but it's not okay for a car company to borrow hundreds of millions of dollars and then pay them back later?

      Your logic is impeccable.

    44. Re:More Publicly Financed Toys for the Wealthy by Anonymous Coward · · Score: 0

      Yes I am against the government subsidizing anything. It goes against the principals this country was founded on. More importantly good ideas don't require subsidies because their are private investors for that. You don't get that money unless there is money to be made, there isn't with these guys. That why the venture capital dried up.

      They failed with roadster, poor handling , very poor range . very buggy, long recharge times. The only thing it did do well was go fast in a straight line. Something a 5k turbo kit could have done to normal car. You don't reward someone screwing up this bad, punish them buy withdraw your support. Plus there are no plans to pay this money back. You can invest them yourself, leave my tax dollars out of waste.

    45. Re:More Publicly Financed Toys for the Wealthy by Rockoon · · Score: 1

      If Tesla is such a good investment then why cant they raise $450 million from the private equity market instead of from taxpayers; 99% of whom will never sit behind the wheel of a Tesla?

      Your big mistake is not being informed.

      Tesla HAS private investors. The deal with this money is that while the government was already handing out big loans to other auto manufacturers, Tesla raised their hand and said "us too, its only fair."

      There just hasnt been a good argument expressed as to why Tesla shouldn't get this loan. The guys saying that electric vehicles will always be under-performant to ICE's are wrong in practice because the Roadster is one of the best performing street legal car on the road today. The Roadster is a performance MONSTER built on what is still an immature technology: 0 to 60 miles per hour in 3.7 seconds, and this year they are upgrading the engine on the Roadster (because they are improving the technology.)

      This is a company that is actually making a profit selling electric vehicles. Know of any others? Hell, the rest of the american automotive industry is barely breaking even, or worse. The only drawbacks right now in Tesla's offerings are price, range, and limited infrastructure for recharging away from home. The next iteration will absolutely improve the first drawback, likely also the second, while we will still have to wait for mass production for the 3rd.

      Tesla's roadmap is for the following iteration, the Model T, for mass production to be practical. People say that Tesla will just be a footnote.. yeah.. the footnote will say "100 years ago Tesla put both GM and Chrysler out of business, and 4 years later merged with Ford's strong hybrid division"

      --
      "His name was James Damore."
    46. Re:More Publicly Financed Toys for the Wealthy by GooberToo · · Score: 1

      The Tesla model S sedan will retail for $50,000+ which means that less than 20%

      It may be a niche but that price in an electric car is likely to be like purchasing a $35,000 - $40,000 vehicle which burns fossil fuels, once you include savings of fuel of oil over a reasonable lifespan. That does help a bit, especially if leasing these become an option.

      Just some quick math, assuming 15k miles/year and 16mpg and $3.00/g. Plus, ~$200 in oil changes per year, assuming 2000 miles between. Over five years that's a fuel cost of roughly $15,000 over five years. Compare that to an electric vehicle's cost of ~$0.02 per mile, or roughly $1500 over five years. The difference in ownership is ~13,500 over five years. So buying a fossil car worth $50,000 is roughly the same as buying an all electric car worth $36,500. While that's still a low of money, that suddenly puts it into price range for a lot more people, especially if they becomes available on lease.

      Granted, at the end of that five years, you may need a new battery pack, but from what I read that's likely to be several thousand dollars and likely an improved pack with additional range and capacity.

      Again, those are just some fun numbers and not meant to be taken as hard number to bank on. Just the same, I hope it shows that the higher expense associated with an all electric vehicle can be significantly offset by fossil fuel savings.

    47. Re:More Publicly Financed Toys for the Wealthy by westlake · · Score: 1

      The Tesla model S sedan will retail for $50,000+ which means that less than 20% (and that is being very generous) of Americans will be able to afford this car.

      Henry Ford had it right.

      When he began automakers were focused on the luxury market, with most of the purchase price going into custom body work rather than basic engineering.

      Those who did care about the tech - like the Stanley brothers - were only producing a few hundred cars a year. That would never generate enough revenue to do serious, sustained R&D.

    48. Re:More Publicly Financed Toys for the Wealthy by Kneo24 · · Score: 1

      Whenever there becomes a time that you mature, I hope you realize in that point in time that subsidies are normally (but not always) for the betterment of society in the long run. The tech that Tesla is researching and developing may very well be the basis of a lot of future EV tech.

      As far as your other complaints, cursory googling suggests that all of the problems were from test vehicles, the problems were being worked on, and the reason the problems occurred in the first place was because the testers were driving the car as hard as possible for as long as possible. - All of which are not necessarily normal circumstances.

      As for the range itself, like any other vehicle, depends on how hard you drive it. My 2010 Camaro can potentially get more 20mpg on the highway, but since I like driving my vehicles hard, it gets less. Should I start saying bad things about the range because I abuse my vehicle?

    49. Re:More Publicly Financed Toys for the Wealthy by Anonymous Coward · · Score: 0

      Yet more proof that money != brains.

    50. Re:More Publicly Financed Toys for the Wealthy by TooMuchToDo · · Score: 1

      If Tesla is such a good investment then why cant they raise $450 million from the private equity market instead of from taxpayers; 99% of whom will never sit behind the wheel of a Tesla?

      Because, at the time, the capital markets were frozen and no one was lending. The only organization lending was the US government. Hell, GE couldn't even get financing at the time through the commercial paper market and had to rely on the US gov to backstop them.

    51. Re:More Publicly Financed Toys for the Wealthy by TooMuchToDo · · Score: 1

      God forbid it was left to the unwashed masses to decide how R&D was funded. The biggest concerns would be "How can my TV be bigger?" and "How can we make my burger better?".

    52. Re:More Publicly Financed Toys for the Wealthy by TooMuchToDo · · Score: 1

      Don't like that they got a loan from the federal government? Feel free to pick your shit up and GTFO. Perhaps Mexico is better suited to your ideals.

    53. Re:More Publicly Financed Toys for the Wealthy by mobby_6kl · · Score: 1

      Recently, Porsche made most of its profits from various investment and other financial operations, if I remember the situation correctly. Also, I think their stake in VW was over 50% one point, but in the end it was VW that took over Porsche by getting them to sell some of their shares to Quatar. In any case, I don't see how this is relevant - obviously it's very possible to make profits selling luxury cars, did anyone actually question this?

    54. Re:More Publicly Financed Toys for the Wealthy by Blakey+Rat · · Score: 1

      Cars were first made using private loans, not government loans.

      I get your example, but it doesn't apply in this case frankly. We all get that the trickle down effect exists, but that doesn't explain why the *government* is involved in this... that part you haven't addressed.

      A better example might be passenger jets, which were developed (basically) with Department of Defense money.

    55. Re:More Publicly Financed Toys for the Wealthy by Anonymous Coward · · Score: 0

      This was not a bail out that Ford asked for. Such a little troll you are.

    56. Re:More Publicly Financed Toys for the Wealthy by maxume · · Score: 1

      I didn't say anything about Tesla. I was just pointing out that you may benefit from investigation of the actual situation with the banks (where most of the big banks that borrowed billions have already paid the billions back; among the notable exceptions are AIG and GM, which don't sound an awful lot like bands).

      --
      Nerd rage is the funniest rage.
    57. Re:More Publicly Financed Toys for the Wealthy by Anonymous Coward · · Score: 0

      >Tesla is a niche and it will always be niche.
      The next car they develop after the Model S will be more like $30,000.

    58. Re:More Publicly Financed Toys for the Wealthy by falconwolf · · Score: 1

      Cars were first made using private loans, not government loans.

      And guess what those cars were...

      They were steam. The first electric car was made in 1838. With private money.

      Thomas Jefferson warned about the corporate aristocracy, now they get government to fund them.

      Falcon

    59. Re:More Publicly Financed Toys for the Wealthy by falconwolf · · Score: 1

      the better discussion is why we have not punished our civil leaders for putting us into this system where there is NO protectionism of the American economy and production system.

      A better discussion is that protectionism harms the economy. Try it some tyme. Look up the Smoot-Hawley Tariff Act of 1930 and what it did. Because the US passed a protectionist law other nations did the same in retaliation. Some economists, though not all, blame protectionism on causing the Great Depression.

      Also, what happens to our "neighbours" ... our FUCKING neighbours! Flooding Mexico with our governments subsidized corn has repurcussions.

      Ah, something we agree with. I have railed on about how because of NAFTA Mexican farmers are being driven off their farms because NAFTA allows large US agricultural businesses to export food and sell it in Mexico cheaper than Mexicans can grow it because of the massive subsidies these businesses get.

      However you talk about "libertarian think-tanks that live in a dream world" but Libertarians, large and small "l", have called those subsidies corporate welfare. The article "Confessions of a Welfare Queen: How rich bastards like me rip off taxpayers for millions of dollars" was published in one of those libertarian magazine, "Reason". The libertarian think-tank CATO Institute has the article Archer Daniels Midland: A Case Study In Corporate Welfare on it's website as well as the CATO Handbook For Congress on corporate welfare. For more on what CATO has about corporate welfare check out the link.

      Of course I don't expect anything more than "libertarians are evil" from many slashdotters.

      Falcon

    60. Re:More Publicly Financed Toys for the Wealthy by Rand310 · · Score: 1

      Their target market IS the average person. But they realize that with the current state of technology that they can't get there. So they start with the premium stuff. Put their best foot forward, and do all the R&D with heavy numbers and package it in a snazzy roadster. Get some cashflow on the ridiculously expensive tech, and then as economies of scale kick in, use that tech to make cheaper and cheaper cars. They are not 80s-Honda-cheap, but neither are they intending to remain a Lotus/Ferrari style market.

    61. Re:More Publicly Financed Toys for the Wealthy by Rand310 · · Score: 1

      It is a different situation when going backwards in performance in order to get ahead in the long run. There is a steep energy barrier (that only gets steeper in a truly capitalist market) that needs to be lowered through government funded catalysis. Going from horses to cars was simply a matter of investment. It was inevitable. Going from oil to electric will eventually become inevitable, but we can speed it and aid it to ease the transition.

    62. Re:More Publicly Financed Toys for the Wealthy by falconwolf · · Score: 1

      A bunch of big banks in the U.S. raised money and paid back the government because they didn't like the conditions that came with the loans they had gotten.

      There were no conditions on those loans when the banks were given them. It was only after MegaBank A bought MegaBank B, making banks too big to fail even bigger, as well as raising all sorts of fees to milk even more money from people that there was talk about conditions.

      Falcon

    63. Re:More Publicly Financed Toys for the Wealthy by maxume · · Score: 1

      Well, considering that they paid back the loans to get out from under conditions that were being imposed on the loans, I don't see much point to your quibbling.

      --
      Nerd rage is the funniest rage.
    64. Re:More Publicly Financed Toys for the Wealthy by BikeHelmet · · Score: 1

      r wealthy people? If the government subsidizes heavily so that average people can buy this particular car then you have to explain why the government should be in the business of picking winners and losers in the market for private automobiles.

      Hey - shut up. Ford got 5.9 billion, and they're not doing anything innovative.

      http://dailyreporter.com/blog/2009/06/23/loan-means-ford-can-retool-midwest-plants/

      (previously covered on slashdot, too)

      Car manufacturing is damn expensive. It's not the price of materials so much as the price of setting up manufacturing plants! I'm glad your government is pushing money towards innovative things for once, rather than just bailouts.

      Can you imagine what Tesla could do if they had the same sized loan as Ford? A lot more assembly lines than we're going to see, and cheaper prices.

    65. Re:More Publicly Financed Toys for the Wealthy by ducomputergeek · · Score: 1

      We built our product because we couldn't find a solution that met our budget. Everything was built for the big boys and if you couldn't afford to drop $20k, they didn't want to talk to you. Well, we ended up building our own solution and selling it to other businesses our size at a price they could afford. In fact we ended up with a product that did more and was simpler for the end user to grasp and use. We aren't selling to the rich of our industry and we're profitable and growing.

      It's the same reason that Edward Jones has been successful. Honestly, if you want to be rich, sell to the poor. The rich have too many people trying to get a piece of their pie.

      --
      "The problem with socialism is eventually you run out of other people's money" - Thatcher.
    66. Re:More Publicly Financed Toys for the Wealthy by Kneo24 · · Score: 1

      My comment was geared towards larger things such as automobiles. For a lot of markets, my comment rings true. Sell to the rich first then once economies of scale kicks in, or you have the funds to develop a cheaper solution, sell to the less rich until it can be done in mass.

      Software, which I'm assuming your solution is, can be entirely different beast in that regard. Also, what you described isn't uncommon. Some companies just outright over charge for their products and it ignores some basic rules of economics.

    67. Re:More Publicly Financed Toys for the Wealthy by Rob+the+Bold · · Score: 2, Insightful

      No, it's a gamble. If the company goes bankrupt, the loan will never be repaid so it retroactively becomes a gift. I'm fairly sure that people gambling with other people's money was one of the causes of the current financial mess...

      Every loan is a gamble in the sense that is might not get paid back. That's part of the reason you charge interest. You do your due diligence, diversify your lending and presumably you mitigate the risk. And yes, loaning other people's money is pretty much the way it's done. There's nothing inherently problematic about that. The practice isn't exactly new either. Remember the "Parable of the talents" from the bible? The boss man returns from his travels to find that the "worthless" servant has buried the money he entrusted to him: "Thou oughtest therefore to have put my money to the exchangers, and then at my coming I should have received mine own with usury." [KJV -- which I chose for the word "usury"] I bring this up not to suggest that Jesus was a capitalist tool, but just to illustrate that the practice of loaning out other's money has been going on long enough that it would be so familiar eons ago as to be used metaphorically

      Making loans, or even loaning out other people's money isn't a recipe for disaster. Failing to due proper investigation into the loan application and not evaluating whether the risk is acceptable, when widespread, is.

      Perhaps that's what you meant, that this particular loan is a gamble, and lenders taking undue risk recently were gambling too. Well, in that case I'm just preaching to the choir, not to mention being redundant.

      --
      I am not a crackpot.
    68. Re:More Publicly Financed Toys for the Wealthy by Anonymous Coward · · Score: 0

      I think you need to step away from the text books.

      I would question most of the foundations on which you build your arguments. For starters I don't think it is obvious that a good investment for the private sector is any different than one for the public. Do we (society) really benefit from government run schools?

      A private sector investment has to produce a result. A government investment only has to please a constituency. Hoping that something good will rub off from the investment is not sound policy.

      The picking of winners and losers may be a 'meme' as you say (nice word - I had to look it up) but it trades the power of the constituency for the profit driven motives of the market.

      I would much rather the money be channelled based on the hopes and dreams of the individual taxpayers via the open market than some policy based on the political equation of the group in power at the time.

    69. Re:More Publicly Financed Toys for the Wealthy by avilliers · · Score: 2, Interesting

      Many other major things in modern history had something to do with government invention and usually some million people died in the ordeal.

      So loans to a company making a roadster is like . . . oh, wait, you're trying to get *me* to stumble into Godwin's law in a discussion about electric vehicles. Well played, sir. ;)

      Keep the market competitive, keep contracts honored, protect the goddamn borders and then some. Everything else is pissing the taxpayer's money away for issues of political importance, more often than not political capital. Once you enable political capital to be a viable alternative to monetary capital, you will notice that people are constantly producing political capital, because it's so easy to write pamphlets, manuscripts, ideas, manifests and declaration and so incredibly hard to have a viable business running.

      Since there has never been a successful government that declined to intervene in economic matters of import--whether for technology, societal or just plain politica onesl--an assertion that a government like that would do better than the market system we currently have is a huge leap of faith. Since I'm not a radical, I'd prefer to tinker with hours rather than trust people who just sort of make up wild claims about some new organizational system.

      There's certainly no mainstream theoretical economic model that supports claims of zero government intervention. There are empirical arguments about rent-seeking and dangers of over-intervention, which are entirely legitimate and should be remembered. But there are also empirical cases of highly productive government intervention, so I'm not buying argument from first principles on Tesla. Whether these loans are good or bad will depend on the specifics of the situation and how likely they are to produce something.

    70. Re:More Publicly Financed Toys for the Wealthy by Anonymous Coward · · Score: 0

      The Tesla model S sedan will retail for $50,000+ which means that less than 20% (and that is being very generous) of Americans will be able to afford this car. Tesla is a niche and it will always be niche. The best that they (and the taxpayers) could hope for is for them to be bought by one of the major auto manufacturers. Why should the taxpayers be financing car production by boutique manufacturers for wealthy people? If the government subsidizes heavily so that average people can buy this particular car then you have to explain why the government should be in the business of picking winners and losers in the market for private automobiles. If Tesla is such a good investment then why cant they raise $450 million from the private equity market instead of from taxpayers; 99% of whom will never sit behind the wheel of a Tesla?

      Why are so many geek so down on Tesla? Is it because you want a Roadster but you can't aford one? Look at it this way, the Tesla Roadster performs on the same level as 200K cars for about half that. 50K for the sedan may not be cheap but it's not rediculous either. The real problem is still batteries but it'll take companies like Tesla making a go of it to bring the prices down. They could make them much cheaper and limit them to a 100 mile range but some of the posters here are already whining that 300 miles isn't enough for them. A 100 mile range is perfectly reasonable for a second car but people make decisions based on "what if" not what they need. This rich people's car is a BS argument since rich people are going to pay for development on the cheaper cars by buying the sedans. Rich people already paid to keep Tesla afloat with the Roadster. Think of them as early adopters. Without early adopters we wouldn't have a lot of what we have now. I'd rather see ten companies like Tesla motors get the money than a single one of the big three companies. There's been little innovation out of the big three in 30 years. They are starting to wake up in part due to having to compete with companies like Tesla. If nothing else they are putting the fear into the big three who are facing being left behind if they don't wake up. If you'd rather see the money go to GM than an electric car company like Tesla I think it's time to turn in your geek badge.

    71. Re:More Publicly Financed Toys for the Wealthy by Thing+1 · · Score: 1

      To be fair, GM with it GM Volt is on to something...

      Um, yeah, something that others are doing better at...

      --
      I feel fantastic, and I'm still alive.
    72. Re:More Publicly Financed Toys for the Wealthy by afabbro · · Score: 1

      You don't start by making a $2,000 car. You start by making a $100,000 car, then a $50,000 car, then a $35,000 car....

      Quick, somebody tell Toyota, because they've just screwed up the last 60 years.

      --
      Advice: on VPS providers
    73. Re:More Publicly Financed Toys for the Wealthy by Chris+Mattern · · Score: 1

      In other words, the government should help fund cars that people don't want to buy.

      If it's inevitable, I don't see why we need government money to speed it.

    74. Re:More Publicly Financed Toys for the Wealthy by Chris+Mattern · · Score: 1

      It's called the trickle down effect. When cars were first made they were toys for the wealthy.

      But once the government subsidized them, they became widely availa...oh, wait.

    75. Re:More Publicly Financed Toys for the Wealthy by Chris+Mattern · · Score: 1

      Because the only way to lower prices is to increase production.

      Very true.

      In the early days of gasoline cars, they were made by by "boutique manufacturers for wealthy people".

      Also true. They become more affordable without the need for government subsidies, I note.

      Little by little, as the industry matures, electric cars will get more affordable.

      True once more. So why does the government need to get involved, again?

    76. Re:More Publicly Financed Toys for the Wealthy by westlake · · Score: 1
      We the taxpayers should finance this company because they're proving that they can make something revolutionary that will work its way down to being affordable to everyone.

      Henry Ford worked his way up by beginning with a car that was within reach of almost anyone.

    77. Re:More Publicly Financed Toys for the Wealthy by Idiomatick · · Score: 1

      I know it sucks and all but.... 20% is a pretty nice chunk. I bet the next car they put out will be available to 25% maybe even 30....

    78. Re:More Publicly Financed Toys for the Wealthy by Anonymous Coward · · Score: 0

      because if you havent noticed, VCs only want easy money with short turn arounds. cars are not websites, you cant hack up a car design overnight. The big three were in the same shoes many many years ago but didn't have to worry because people were willing to spend 500 dollars (100,000 adjusted) on a claptrap that had a starter that would break your arm. and its development was government funded, see the first world war.
      I swear some people expect technological progress to be all blowjobs and honey that will cost less than a hamburger and be in a sexy case and not require any sort of higher brain function then "ooohh shiny"

    79. Re:More Publicly Financed Toys for the Wealthy by Cyberax · · Score: 1

      Who?

      Volt will be the first mass-producted plug-in hybrid vehicle.

    80. Re:More Publicly Financed Toys for the Wealthy by AK+Marc · · Score: 1

      If it's inevitable, I don't see why we need government money to speed it.

      I mean this in the nicest possible way, but that just means you are a fucking idiot.

      If it's inevitable (you conceded that point, so no reason to discuss it), then it will happen at some point. Let's look at 5 years *after* that point. The government funded research and supported alternatives, reducing the demand on oil, and keeping the price artificially low through subsidizing alternatives. We don't waste as much money on oil, the price stays lower for a little longer, and when the price spikes when the cheap reserves are dwindling, we smoothly transition from the proven (but not as widely used tech) of electric or hybrids that run off H2 or whatever.

      Or, 5 years after the "inevitable" point, companies dumped billions into research only after the oil price spiked and stayed high for an entire year, and the massive spike and the inability for people to transition into other vehicles easily, means the price spikes even higher as we push for coal-to-oil conversions, shale mining, and such because the alternatives aren't ready yet. They got done in those 5 years, but at massive cost, and the inflation from the spike of energy pricing wipes out a good portion of the national debt (massive inflation being the only thing that can save the US from bankruptcy, so it's not all bad), sending the Dollar into a death spiral as an international currency as everyone turns to the Euro for international markets, and the buying power of everyone in the US is massively degraded as plastics and lubricants shoot up in price with oil and leave the US with massive wealth that "disappears."

      Inevitable means that it will happen. Preparing for the inevitable seems to always be a good thing. We do it every winter, knowing it's getting colder, but doing it when we know oil is running out is somehow stupid?

    81. Re:More Publicly Financed Toys for the Wealthy by DavidShor · · Score: 1
      Governments carry much lower borrowing costs the individual investors ever could, and so if there is an investment that should be made by a society, it makes sense for a government to do it. Governments don't always have very efficient decision making structures, so there are limits to how much this should be taken advantage of, but there is nothing wrong with government investment in general. Despite what libertarians often assume, there is no evidence that Industrial Policy is bad for the economy. On the contrary, the experiance of South Korea, Japan, and China, along with the rapid growth of post-war America and Europe, suggest exactly the opposite.

      As for this particular bit of spending: At the time was given, the financial system was utterly dysfunctional, and investors refused to put their money in anything but treasury bonds(Which actually turned negative at some point, that is to say, investors paid the government to take their money).

      Faced with this, the government really had no other option then to step in and do lending for the financial system, using the money that the financial system gave them.

    82. Re:More Publicly Financed Toys for the Wealthy by DavidShor · · Score: 1
      The financial system was non-functional when the loan was signed. Nobody was able to get a loan for anything, since investors were throwing all their money into treasury bonds(Whose yields actually became negative at some point, that is to say, the investors were paying the government to take their money). That is, by itself, a pretty good reason why this wasn't done with private dollars.

      More generally though, gasoline powered cars generate significant externalities due to carbon emissions and because oil money directly pay for stuff like Russia's fighter jets and Al-Qaeda cells that cost our government a lot of money to counter. It's not fair that I have to pay higher taxes to cover military spending because somebody else bought a Hummer. And it's even less fair that millions of people in Bangladesh have to die so that people can enjoy cheap gasoline.

      Because of this, something like a carbon tax or Cap and Trade scheme, as well as higher gasoline taxes, are necessary to internalize costs that heavy drivers are currently shifting to society. But since that isn't politically feasible due to the filibuster, selective government investments in green technologies are a second-best solution.

    83. Re:More Publicly Financed Toys for the Wealthy by DavidShor · · Score: 1
      "A better discussion is that protectionism harms the economy. Try it some tyme. Look up the Smoot-Hawley Tariff Act of 1930 [wikipedia.org] and what it did. Because the US passed a protectionist law other nations did the same in retaliation. Some economists, though not all, blame protectionism on causing the Great Depression [state.gov]."

      Right, because setting tarrifs to 1000% is a bad idea, the optimal tarrif rate must be 0...

      While there are easy to calculate economic distortions caused by tarrifs that are taught in Econ 101, the story is a little more complicated. The buisness cycle poses much larger economic costs, and sometimes tarrifs can be used to help manage the buisness cycle. The quip is that it takes a lot of Harberger triangles to fill an Okun gap. See a good write-up of that at http://krugman.blogs.nytimes.com/2009/02/01/protectionism-and-stimulus-wonkish/?pagemode=print .

      More specifically, tarrifs are out of style, but taking actions to keep a currency undervalued is equivalent, and that is very popular precisely because it is effective. It's been the preferred development strategy of China, Brazil, India, and others...

    84. Re:More Publicly Financed Toys for the Wealthy by DavidShor · · Score: 1

      By building on the research and experience of 50 years of automobiles before him... We're not at the point where something like Ford is possible.

    85. Re:More Publicly Financed Toys for the Wealthy by DavidShor · · Score: 1

      Eh, I don't know the specifics of the company, but I'm going to bet that venture capital dried up because the financial sector collapsed...

    86. Re:More Publicly Financed Toys for the Wealthy by DavidShor · · Score: 1
      They were able to pay back their loans because their borrowing costs were so low, because the US had implicitly guaranteed their debt(The market knew that the government would bail Goldman out if they failed). Goldman might have paid back all their money, but Goldman paid it back with profits they made because they were able to borrow money at treasury rates either directly from investors because of the guarantee, or from a variety of Fed-vehicles. Basically, Goldman and the others have taken riskier bets then ever before after the crisis, knowing that if they don't pay off, the government will bail them out, and this has led them to make record profits.

      This isn't to say that it's a bad thing that we bail out To-Big-To-Fail banks, I think everyone with basic market knowledge wishes we spent a couple billion on bailing out Lehman instead of the 700 billion we needed to draw from the TARP and the countless more from the stimulus and Fed programs. As for people saying that we shouldn't have even done that - Remember: 1 point of unemployment costs the federal government 200 billion in revenue. So there is a strong case for stuff like bailing out banks and stimulus packages even on narrow fiscal terms.

      Still, if we're going to have banks that are too-big-to-fail, they should pay for the privilege. The Obama administration just proposed imposing a borrowing cost on large banks to counter-act the unfair advantage they get from their implicit government guarantee. Unfortunately, the tax is only about a fifth as large as independent experts estimate it would need to be to counter-act the moral hazard, but that's what you get when you have a financial industry that owns a quarter of the democrats and a republican party that votes No on absolutely everything.

    87. Re:More Publicly Financed Toys for the Wealthy by maxume · · Score: 1

      Goldman had a relatively small piece of TARP. J.P. Morgan and Bank of America and Wells Fargo paid off a lot of their obligations by issuing new equity. Citi reduced theirs the same way (but did not eliminate it).

      The big holes aren't really banks; AIG, Fannie Mae and Freddie Mac, and GM:

      http://bailout.propublica.org/main/list/index

      --
      Nerd rage is the funniest rage.
    88. Re:More Publicly Financed Toys for the Wealthy by DavidShor · · Score: 1
      " Do we (society) really benefit from government run schools?"

      Yes. Or at the very least, we benefit from government funding of education. There are a couple countries in Europe that use something like school vouchers that do ok, so I'm not too wedded to the idea of actual government-run schools. But I think it's patently obvious that widescale public investment in education has been a good thing. And if you disagree, the burden is on you to explain why every developed country in the last 60 years has acted against it's best interests...

      "I would much rather the money be channelled based on the hopes and dreams of the individual taxpayers via the open market than some policy based on the political equation of the group in power at the time."

      Eh, the research is pretty unequivocal that elections are driven almost entirely by economic fundamentals(See stuff like the douglas-hibbs model), so really, a system where politicians act to maximise votes works out pretty well. Not perfectly, you still get stuff like farm subsidies, but pretty well. The track-record for perfectly free market stuff is...Somalia

    89. Re:More Publicly Financed Toys for the Wealthy by DavidShor · · Score: 1

      Government subsidies took the form of massive purchases and research of cars during WW1...

    90. Re:More Publicly Financed Toys for the Wealthy by falconwolf · · Score: 1

      More specifically, tarrifs are out of style, but taking actions to keep a currency undervalued is equivalent, and that is very popular precisely because it is effective. It's been the preferred development strategy of China, Brazil, India, and others...

      And like subsidies, undervaluing currency is a distortion of the markets. Once a country distorts its economy it is inviting others to do so in retaliation, which harms everyone involved. Actually in a free market currency valuations float, I can go online to Forex.com and buy British pounds, US dollars, Japanese yens, and other currencies. The Chinese government controls the valuation of the yuan. Actually that's one of the things the US and other nations complain about.

      Falcon

    91. Re:More Publicly Financed Toys for the Wealthy by AK+Marc · · Score: 1



      Of course I don't expect anything more than "libertarians are evil" from many slashdotters.


      I'm just waiting for a libertarian, any libertarian, to reconcile the libertarian call for privatizing roads with the right to travel. Either libertarians believe that you don't have the right to ever leave your land, or they don't believe in the right to exclude people from your land, as the official party policy calls for privatization of roads. When they argue themselves into a corner on roads (well, on almost everything, but I go for the low hanging fruit) I don't think them evil, just irrational.

    92. Re:More Publicly Financed Toys for the Wealthy by Chris+Mattern · · Score: 1

      Which had nothing to do with making cars affordable, see as how Henry Ford introduced the Model T in 1908.

    93. Re:More Publicly Financed Toys for the Wealthy by Anonymous Coward · · Score: 0

      I'm just waiting for a libertarian, any libertarian, to reconcile the libertarian call for privatizing roads with the right to travel.

      Personally... I consider myself more of a "reasonable" libertarian. The privatizing of roads absolutely pisses me off. Posting anonymously because I have a slight tie in with where I work and don't want to "say" anything incriminating.

      To carry this further, the taxation of a typical vehicle for road use is absurd. Anyone knows that real road wear and tear is caused by the heavy haulers. Furthermore: more damage is done by poor oversight on road construction than by someone in their Toyota Camry or Ford Taurus. Apparently subsidizing the needs of the rich is more important than lowering the costs imposed upon the poor.

    94. Re:More Publicly Financed Toys for the Wealthy by falconwolf · · Score: 1

      I'm just waiting for a libertarian, any libertarian, to reconcile the libertarian call for privatizing roads with the right to travel.

      Not all libertarians agree on everything. For instance not all believe roads should be privatized. What many of us do agree on is a Constitutionally limited government, and the Constitution of the USA specifically enumerates roads as a power of government. And if you look at the Libertarian Party's platform not once will you see the words "highway", "road", or "street". All will you see of them in the issues is "street" but that deals with the Wall Street Bailout not paved streets. What you're spreading is nothing more than FUD, Fear, Uncertainty, and Doubt.

      Falcon

    95. Re:More Publicly Financed Toys for the Wealthy by AK+Marc · · Score: 1

      So, you've never heard libertarians call for privatized roads? I guess I've listened to the wrong party. "4.0 Omissions: Our silence about any other particular government law, regulation, ordinance, directive, edict, control, regulatory agency, activity, or machination should not be construed to imply approval." I take that to mean that they still want the privatized sidewalks that have been mentioned, but that it's off the public list. I notice also that there's no mention of the right to travel, so does that mean that they are against that right? You are presuming that the absence of the road-thing means they don't want it.

      What many of us do agree on is a Constitutionally limited government, and the Constitution of the USA specifically enumerates roads as a power of government.

      That's funny. I've never met a Libertarian that would even be happy with that, but they consider it a good starting point and easer to shoot for than the "real goals" (whatever they are, as they now recognize that people see them as nutters, so they hide their real goals better).

      "The environment would benefit immensely from the elimination of sovereign immunity coupled with the privatization of 'land and beast.'" So they want to privatize land. No "except for roads" there. Sure, I had to look in the environmental section for that, but it's still in there. The government should own nothing.

    96. Re:More Publicly Financed Toys for the Wealthy by falconwolf · · Score: 1

      So, you've never heard libertarians call for privatized roads?

      And you did not read where I said "Not all libertarians agree on everything. For instance not all believe roads should be privatized". It was the first two sentences I wrote in the post you just replied to.

      Troll

      Falcon

    97. Re:More Publicly Financed Toys for the Wealthy by AK+Marc · · Score: 1

      You are right, libertarians are perfect, because if you take the best of every one of them and combine them into a super-libertarian, you have a perfect person. But, individually, they are all arrogant asses.

      For some reasons, people don't mind hopping on a single Democrat, like Pelosi, and hold her (or Rove for the Republicans) as the example of all the people of that party. But you dodge the issue of what the party believes, other than it's not explicitly on their platform (though implied in their issues section). What does "not all" mean? 90%? 50%? 10%? "Not all" is a meaningless distraction from the issue, so I did ignore it. It has no meaning. If there is just one Libertarian out there that doesn't believe in toll roads, that doesn't say anything about what Libertarians want.

      And, in all that, you avoid saying what you want, just talking in generalities. Do you believe in privatized roads?

      Troll

      Nice that you sign your posts that way, so we all know you are trolling. After all, you haven't added anything to the discussion, other than "nuh uh."

    98. Re:More Publicly Financed Toys for the Wealthy by falconwolf · · Score: 1

      You are right, libertarians are perfect, because if you take the best of every one of them and combine them into a super-libertarian, you have a perfect person. But, individually, they are all arrogant asses.

      Like you're not being an arrogant ass now? HAHA!

      And you consider that adding to the discussion? Another HAHA!

      Falcon

  5. Or Just Maybe... by Kneo24 · · Score: 2, Interesting

    Or they need to retool their existing plants so they can start producing the model S.

    1. Re:Or Just Maybe... by Rockoon · · Score: 1

      Probably this, along with using the existing workers. The roadster was never going to be a mass produced vehicle, so it makes sense at some point to stop production and build something different using those same resources.

      --
      "His name was James Damore."
  6. DoE loan by doug141 · · Score: 4, Insightful

    Taxpayer bears the risk of default, Tesla execs get to keep any windfalls of development, all the while drawing their salary against the loan. Doesn't sound like the best deal for the taxpayer to me.

    1. Re:DoE loan by vlm · · Score: 2, Insightful

      Taxpayer bears the risk of default, Tesla execs get to keep any windfalls of development, all the while drawing their salary against the loan. Doesn't sound like the best deal for the taxpayer to me.

      Geeze dude, you make them sound like the American banking system. They aren't that bad, they might actually produce something useful, that being cars.

      --
      "Science flies us to the moon. Religion flies us into buildings." - Victor Stenger
    2. Re:DoE loan by avilliers · · Score: 1

      The government isn't supposed to invest in these things to make a profit. It's supposed to invest in them, like DARPA projects, because the overall benefits might be good for the state.

      If it were a good deal in strictly financial terms for the government, then it'd be a good deal for private investors, and the government shouldn't be involved.

    3. Re:DoE loan by TheRaven64 · · Score: 3, Interesting

      If they're successful then more Americans start using power from hydroelectric, nuclear, wind, solar, and so on power produced in the USA, instead of oil imported from the middle east. More money stays in the US economy and the government takes its cut every time it changes hands, so it's not like there's no benefit to the taxpayer if it's successful. It would be nice if the execs shared a bit more of the risk though...

      --
      I am TheRaven on Soylent News
    4. Re:DoE loan by J_Omega · · Score: 0, Flamebait

      disagree/agree. If successful, more Americans start using electric to power their cars -- Today, it probably WOULD come from COAL.

    5. Re:DoE loan by gtbritishskull · · Score: 2, Insightful

      Today, it probably WOULD come from COAL.

      Which still mostly mined in the United States (at least US consumption is). Hence, we would not be dependent on other countries for price stability. Also, most of the charging would probably be done at night, so more of our power plants could operate more efficiently and electricity would become cheaper.

      Also, electricity is the only viable means right now of in the future producing sustainable transportation. The two steps to do this would be to make our cars electric and make all our powerplants sustainable. There are a lot of incentives right now for power companies to produce electricity sustainably, so very gradually more of our power grid is becoming sustainable. Are you suggesting that we don't also start the gradual process of switching cars to electricity now?

    6. Re:DoE loan by MobyDisk · · Score: 1

      all the while drawing their salary against the loan.

      A few people have mentioned this as though it was something strange or unfair. The point of a business loan is to pay for wages, salaries, equipment, patents, rent, lunches, electricity, ... Why should executives not get paid during this time? If the company goes bankrupt and runs out of money, those executives keep their salaries. Just like everyone else. It's not like they can give it back.

      If you have an issue with executive pay that is fine - but your statement implies that all business loans are bad because executives get paid too.

    7. Re:DoE loan by Anonymous Coward · · Score: 0

      If it's really that great it wouldn't need a DOE loan. I'm rather disappointed to hear that they have one.

    8. Re:DoE loan by TooMuchToDo · · Score: 1

      And if they succeed, America's dependence on foreign oil is broken. I'm not so sure you see who is getting the better end of the deal.

    9. Re:DoE loan by JM78 · · Score: 1

      ...until society sees the eventual benefits of a fantastic technology which allowed pure electric vehicles to fully replace traditional combustion engines.

      In the global picture, the world is more complex than that. This isn't the same thing as subsidizing a product or industry in which we are already enslaved (*cough* big oil...).

      Just because someone gets rich from taxpayer money doesn't mean the action won't benefit us. Even if the company fails, their efforts have potentially ushered-in a new era which will benefit us all. That effort should be nurtured and encouraged; period.

      Its about progress; not perfection.

      --
      I am Jack's smirking revenge.
    10. Re:DoE loan by falconwolf · · Score: 1

      Taxpayer bears the risk of default, Tesla execs get to keep any windfalls of development, all the while drawing their salary against the loan. Doesn't sound like the best deal for the taxpayer to me.

      Did you like Chrysler and GM getting bailed out? Or the banks? Do you like farm subsidies? How about subsidies for petroleum? I didn't and don't like any of them but by the government giving Detroit loans but not Tesla the government is picking winners and losers. Well at least making it harder for those who are not helped.

      Falcon

    11. Re:DoE loan by Anonymous Coward · · Score: 0

      Taxpayer bears the risk of default, Tesla execs get to keep any windfalls of development, all the while drawing their salary against the loan. Doesn't sound like the best deal for the taxpayer to me.

      I would rather loan cash to a company and risk losing it while still getting worthwhile research out of it regardless and furthering the development of our nation and its people as a whole than to use it to pay for a war on oil or some other war that does nothing for our nation, its people or the world as a whole and basically just blow the losses out my butt.

  7. Chapter 11 ahead by Anonymous Coward · · Score: 0

    They better not share crucial suppliers with the big manufacturers.
    Here's what's going to happen otherwise:
    Launch gets delayed multiple time because components are not ready. Tesla skidding towards Chap 11. Daimler or another real player snatch up Tesla at a bargain.

  8. I know what this needs... by Canazza · · Score: 2, Funny

    This needs a car anaolgy!

    --
    It pays to be obvious, especially if you have a reputation for being subtle.
  9. All of their eggs, into one mobile basket.... by ibsteve2u · · Score: 2, Interesting

    You have to give 'em credit for courage. Moving away from the incremental change model transforms the consumer's unacknowledged secondary role of beta tester into that of alpha tester, so they either get it right the first time or they likely become a blip in automotive history.

    --
    Orwell: "In a Time of Universal Deceit, telling the Truth is a Revolutionary Act"
    1. Re:All of their eggs, into one mobile basket.... by Anonymous Coward · · Score: 0

      courage, in this case, equals stupidity

    2. Re:All of their eggs, into one mobile basket.... by Anonymous Coward · · Score: 0

      Courage? They haven't really invested anything.

      In the long-gone-by era of industrial giants who actually owned their company, this kind of thing was ballsy. Today, living off of government grants, loans and investors, they're providing themselves with a job on the dime of someone else. If they fail they're merely unemployed. If the titans of the past failed they were homeless and sometimes lynched by their own workers.

      If you have an idea and the know-how to get it done you too can write yourself into a job by seeking out a government loan. If it fails you walk away fairly unscathed, if it works you get to glean the benefits. Doesn't sound too bad to me.

  10. Assuming constant gas pricing.. by xtal · · Score: 1

    Your assessment of utility might change at some point in the future. @$5/gal, $6/gal..

    --
    ..don't panic
    1. Re:Assuming constant gas pricing.. by Anonymous Coward · · Score: 0

      I did some basic math, and unless gas gets up near $15 a gallon, there isn't much that will change how much I have to drive except me paying more for gas and less for other stuff until then, and if it gets that high, we're all screwed anyway.

    2. Re:Assuming constant gas pricing.. by afabbro · · Score: 1

      Even if gas was $20/gal, I still wouldn't spend $80,000 on a Tesla.

      --
      Advice: on VPS providers
  11. Quixotic business plan by goodmanj · · Score: 4, Interesting

    I'm gonna go out on a limb here and say that the Model S will fail not because Tesla Motors is staffed by idiots (it isn't), and not because the gubmint won't support electric vehicles, but because fully electric vehicles cannot be competitive with liquid-fuel vehicles.

    Forget unit prices, horsepower, yadda yadda, here's the only statistic that matters:

    Energy density of lithium batteries: 1 megajoule/kg
    Energy density of gasoline: 45 megajoules/kg

    Vehicles are unique among energy technologies in that they typically have to carry their energy source around with them. So energy stored per mass is the most important figure of merit for vehicle propulsion, and electric vehicles are inherently 45 times worse than their liquid-fuel competition.

    To compensate for that factor of 45, serious sacrifices have to be made: either you accept a huge reduction in vehicle range, a huge reduction in vehicle performance, or you spend ridiculous amounts of money reducing drag and friction -- spending that shows up in the final price of the vehicle.

    I predict that electric vehicles will never be able to overcome the energy density barrier and become popular, until either liquid fuel is no longer a readily available competitor, or vehicles no longer have to carry their own energy supply (think electric trains.)

    And if you think you'll be able to convince the public to stop using gasoline "for the good of the planet", or for any reason other than prohibitive cost, I think you're probably naive. I've been trying to think of times when humans gave up an energy source for any reason other than cost vs performance. The only example I can think of is human slavery, and we had to destroy half of a nation to convince them to give it up.

    1. Re:Quixotic business plan by Anonymous Coward · · Score: 0

      Here's my question, and yes it's backwards thinking.. but if you ripped out the electric motors and battery pack, what size engine could you shoe-horn in there.. and if it's a decent sized setup could you imagine the horsepower to weight ratio?

    2. Re:Quixotic business plan by Brett+Buck · · Score: 1

      OMG! Brilliant! It would look almost exactly like this: hhttp://www.lotuscars.com/eliseSC.html

    3. Re:Quixotic business plan by ibsteve2u · · Score: 1

      Of course, there are those who can afford and will buy such an electric vehicle if only to offset their guilt about the amount of crud their factory on the other side of the planet is pumping out.

      I.e., pure cost analysis may not be applicable - with the long-term result that research is being done to change that cost analysis result. Not to mention, gasoline is indeed a finite resource; substitutes such as ethanol, in turn, require that growing space remains available which in turn relies upon the assumption that humans will show some sense and quit breeding at faster than replacement rates - which is not a good bet.

      --
      Orwell: "In a Time of Universal Deceit, telling the Truth is a Revolutionary Act"
    4. Re:Quixotic business plan by YrWrstNtmr · · Score: 1

      Here's my question, and yes it's backwards thinking.. but if you ripped out the electric motors and battery pack, what size engine could you shoe-horn in there

      Whatever is in the regular Lotus.

    5. Re:Quixotic business plan by maxume · · Score: 1

      You can buy one of those from Lotus.

      --
      Nerd rage is the funniest rage.
    6. Re:Quixotic business plan by drinkypoo · · Score: 1, Informative

      Haven't we covered this myth already? I think the rebuttal goes like this: Oh, shucks, EVs will only suit the needs of 95% of the population. If I need to expound, let me know, and I will just ignore you because you're just a troll; if you really cared about this issue, you'd get this already.

      --
      "You're right," Fisheye says. "I should have set it on 'whip' or 'chop.'"
    7. Re:Quixotic business plan by YrWrstNtmr · · Score: 1

      Oh, shucks, EVs will only suit the needs of 95% of the population.

      How/where do apartment dwellers recharge? You can't run an extension cord out the 5th floor window.

    8. Re:Quixotic business plan by tjstork · · Score: 1

      Haven't we covered this myth already? I think the rebuttal goes like this: Oh, shucks, EVs will only suit the needs of 95% of the population

      But they won't, and that's the problem. Everyone looks at daily commutes and says, hey, that's all people need to do to drive, but they always leave out the weekends, where people tend to drive much, much more, than on weekdays.

      And, even the daily commute thing is a bit of a joke, because a lot of people have to run errands after they leave work.

      There is a reason that 350 miles is the range of a car - and that's because its about how much range you need for driving for a day. Once fully electric cars can go 300 - 400 miles on a charge, they'll be a drop in replacement for the auto for genuinely most people. But, they won't, and so what's well have is hybrid vehicles.

      Really, if daily commuting was all Americans used transportation for, rail would be everywhere. But Americans are not utilitarian drivers, they drive because they enjoy it.

      What's really nutty about the whole thing is that, we haven't even really begun to research what a gasoline fuel cell might look like. I mean, what if you could get gasoline to "burn" but harness the photons produced by combustion directly to produce electricity, rather than heat?

      --
      This is my sig.
    9. Re:Quixotic business plan by Chris+Burke · · Score: 1

      Forget unit prices, horsepower, yadda yadda, here's the only statistic that matters:

      Energy density of lithium batteries: 1 megajoule/kg
      Energy density of gasoline: 45 megajoules/kg

      Vehicles are unique among energy technologies in that they typically have to carry their energy source around with them. So energy stored per mass is the most important figure of merit for vehicle propulsion, and electric vehicles are inherently 45 times worse than their liquid-fuel competition.

      Ooh, but you were so close. You're right that "energy stored per mass" is the most important metric, but you completely flubbed what energy and what mass. See, the hypothetical energy contained in the fuel doesn't all go to the tires, and the car doesn't just have to carry around its energy source, it also has to carry the mechanism for turning that potential energy into kinetic energy.

      What matters is delivered energy divided by total mass.

      Once you factor in the weight of the engines, and the inefficiencies of those engines, thing the comparison becomes much closer. It still favors gas vehicles, but not to the extent that you can say EVs can never compete, especially since they're getting closer and closer.

      --

      The enemies of Democracy are
    10. Re:Quixotic business plan by TheRaven64 · · Score: 5, Insightful

      Energy density of lithium batteries: 1 megajoule/kg

      Energy density of gasoline: 45 megajoules/kg

      That's a slightly misleading statistic, because it doesn't include the mass of the engine or drive train in the calculation. Electric cars are much simpler mechanically. You need to compare the mass of fuel, a fuel tank, engine, gearing, and drive train to the mass of batteries plus electric motors and then see how much power you've got for both. The electric car comes out a lot closer when you do this.

      Then you need to factor in the fact that you can charge an electric car at home. How many trips does a tank of petrol give you? A week's worth of typical driving? Then if your electric car has only half of the range but can be charged overnight then it's competitive.

      Finally you need to compare the cost of the energy and the efficiency of generation. Energy conversion from chemical potential energy a battery to kinetic energy via an electric motor is a lot more efficient than converting hydrocarbon fuel into kinetic energy via an internal combustion engine. Electricity can come from burning hydrocarbons, but it can also come from things like solar, nuclear, wind, hydroelectric and tidal power. Technology keeps making these forms of power cheaper, but scarcity keeps making hydrocarbons more expensive. When 1MJ of petrol costs twice as much as 1MJ of electricity, it makes a difference. Petrol sold in the USA is about 36.6 kWh/US gal, so at $3/gallon that's 0.08 cents per kWh. That's pretty close to the cost of electricity. Once you factor in the relative conversion efficiencies, you pay a bit less per unit of kinetic energy from an electric motor than you do from an internal combustion engine at $3 per US gallon of petrol. When petrol hits $5 per US gallon (which is cheaper than it is in the UK) then it's a lot more expensive than electricity.

      --
      I am TheRaven on Soylent News
    11. Re:Quixotic business plan by drinkypoo · · Score: 1

      Haven't we covered this myth already? I think the rebuttal goes like this: Oh, shucks, EVs will only suit the needs of 95% of the population

      But they won't, and that's the problem. Everyone looks at daily commutes and says, hey, that's all people need to do to drive, but they always leave out the weekends, where people tend to drive much, much more, than on weekdays.

      No. Most houses which include a commuter also have multiple vehicles. One EV and one Plugin-Hybrid or just gasoline car would still dramatically improve most households' vehicular energy consumption. And I live in California, where there's more cars than licensed drivers, and your argument falls down even harder.

      And, even the daily commute thing is a bit of a joke, because a lot of people have to run errands after they leave work.

      We're going to have some way for people to charge their cars at work, but that's not an unsolvable problem.

      --
      "You're right," Fisheye says. "I should have set it on 'whip' or 'chop.'"
    12. Re:Quixotic business plan by tjstork · · Score: 1

      No. Most houses which include a commuter also have multiple vehicles.

      But that's not the point I made. My point was that an EV is not a drop in replacement for another car, and your rebuttal is what? You have to have two cars? What if I only want one car?

      --
      This is my sig.
    13. Re:Quixotic business plan by MBGMorden · · Score: 1

      Not only that, but even in families I see fights over the gas car when multiple people want to take extended trips. Right now (and for a good while), the purchase premium over an electric car will never justify it's cost over a gasoline car. You're essentially back to asking people to have 1 "real" car and several commutter cars not for any economic advantage, but for the sake of the environment. People typically aren't going to do that. Hell how many people could get to work just fine with a $150 bicycle and avoid gas bills entirely if they wanted, yet still drive to work in their gasoline car? How many could do so on a scooter that gets 90+MPG, yet still drive a gasoline car? Even in the face of some economic benefit, convenience still counts as a major part of this.

      --
      "People who think they know everything are very annoying to those of us who do."-Mark Twain
    14. Re:Quixotic business plan by drinkypoo · · Score: 1

      How/where do apartment dwellers recharge? You can't run an extension cord out the 5th floor window.

      If apartment-seekers start seeking apartments with recharging sockets for EVs, then they'll get them... eventually. The thing to do is probably to look for apartment complexes which are empty or at least partly so, and inform them that you'll pay a premium for a year or so in exchange for the installation. If enough people did this, the new construction would include at least the conduit.

      --
      "You're right," Fisheye says. "I should have set it on 'whip' or 'chop.'"
    15. Re:Quixotic business plan by YrWrstNtmr · · Score: 4, Interesting

      Which came first, the car or the recharging socket?

    16. Re:Quixotic business plan by YrWrstNtmr · · Score: 1

      Hell how many people could get to work just fine with a $150 bicycle and avoid gas bills entirely if they wanted, yet still drive to work in their gasoline car?

      The vast majority. At my last job, out of ~200 people, we had one (me) who routinely rode a bike to work. And 80%+ of the employees lived within 5 miles.

    17. Re:Quixotic business plan by jimicus · · Score: 2, Interesting

      Then you need to factor in the fact that you can charge an electric car at home. How many trips does a tank of petrol give you? A week's worth of typical driving? Then if your electric car has only half of the range but can be charged overnight then it's competitive.

      While I seldom make trips which are so long I have to refuel partway through the trip, I'd be making such trips a lot more often with a car that has a 150 mile range rather than a 350 mile range.

      And herein lies the rub - refuelling partway through the trip takes a few minutes with a petrol-engined vehicle. It takes hours with an electric vehicle.

      (I can only think of one regular trip which I'm likely to make which may pose a problem - the 130 mile trip to visit my mum. Problem is, she has no off-street parking so I couldn't charge the car when I get there).

    18. Re:Quixotic business plan by blindseer · · Score: 2, Interesting

      It's also more than just $/mile for fuel. If it takes 15 minutes to fill up a hydrocarbon tank and 15 hours to fill up a lithium-ion battery then a vehicle's effective range is quite limited. The limited range might not be much of a concern for 90% of commuters but if one is in the business of long distance trucking then the downtime for refuel is going to become an issue.

      Some of the issues of lengthy recharge times can be addressed by swapping batteries but that would require an infrastructure to exist.

      To anyone that want to point out that one could merely recharge the battery at a faster rate so that it is comparable to dumping gasoline into a tank I suggest you do some math first. My car, for example has a 16 gallon as tank. I timed the refueling time at a gas station at about five minutes. Compute that power in megawatts and then compute the voltage and current required to match that. Consider such minutia as the breakdown voltage of air and the NEC recommendations for the sizing of conductors.

      Pure electric vehicles will remain in the realm of curiosities, luxuries, and niches unless we find some unobtainium to recharge the batteries. I see a brighter future in synthesized hydrocarbons than for electric vehicles.

      --
      I am armed because I am free. I am free because I am armed.
    19. Re:Quixotic business plan by Anonymous Coward · · Score: 0

      When you add in all the taxes, delivery charges etc. electricity is .15c per KWh (BTW, not .08 cents but .08 dollars) nearly double your estimate.

    20. Re:Quixotic business plan by drinkypoo · · Score: 1

      Obviously, it's going to have to be the charging socket. But if you're planning to buy an EV, it makes sense to have a place to plug it in. If you're lucky, you can tell your apartment complex that you're moving if they don't install one, and get it that way.

      These problems are not irreconcilable. Stop pretending they are. If adoption has to start with homeowners, so be it.

      --
      "You're right," Fisheye says. "I should have set it on 'whip' or 'chop.'"
    21. Re:Quixotic business plan by BlueParrot · · Score: 3, Informative

      Energy density of lithium batteries: 1 megajoule/kg
      Energy density of gasoline: 45 megajoules/kg

      You forgot a few things:

      a) Electric engines are on average about 4 times as efficient as petrol ones. If we use your numbers that then implies you need 11kg of battery to replace a kg of petrol.

      b) Electric engines are much lighter than ICEs, so some of the weight gain is compensated for this way.

      c) Electric cars in principle needs no transmission, gearbox, catalyst, exhaust system, raidator, starter engine etc... that knocks off a heck of a lot of weight.

      Basically when you take into consideration the weight reduction from the much simpler drive train of an EV it is ore than enough to add in hundreds of kilograms of batteries. The problem is cost, not weight/energy ratio.

    22. Re:Quixotic business plan by Kneo24 · · Score: 1

      People travel... over 300 miles each day? I call bullshit on this. I can see a hundred, maybe even 200 in some extreme cases, but to consider that the average person travels 300 miles or more a day is bullshit. They may do that once in a while, and in those cases they could just rent a gas powered vehicle for their weekend road trip.

      I would think people would buy a vehicle based on their needs, and there are plenty of people who travel 100 miles or less each day of their normal routines. If your needs are such that you spend 4 hours or more each day driving, then no, an EV may not be for you.

    23. Re:Quixotic business plan by gtbritishskull · · Score: 1
      How about let it compete on price. It would be extremely competitive if we stopped all subsidization of oil. And also recoup all subsidies to oil in the past 20 years. We can start with a tax to recoup the costs of the war in Iraq (I heard a figure of $420 billion but I am sure it is higher by now), and then once that is paid off we can work on others (epa regulation and cleanup costs, increased medical costs from smog, ect).

      I know, its hard when your black and white world starts all looking a little grey.

    24. Re:Quixotic business plan by gtbritishskull · · Score: 1

      You make a good point but I have a crazy thought. Maybe the apartment could install charging outlets at their parking spaces. I know, it sounds like an extremely complicated and expensive endeavor, but I think capitalism might just might just be able to work something out.

    25. Re:Quixotic business plan by Anonymous Coward · · Score: 0

      I'm pretty sure energy density in matter doesn't corelate with torque on the asphalt. Combusting it seems like a really good way to waste energy in to useless heath.

    26. Re:Quixotic business plan by gtbritishskull · · Score: 1

      What's really nutty about the whole thing is that, we haven't even really begun to research what a gasoline fuel cell might look like.

      Yes, there has already been research done on using gasoline in fuel cells (you basically heat it up to crack it apart and extract its component hydrogen, then feed that through the fuel cell). You can get a little more efficiency, but in the end you are still using gasoline, except you are making the system more complex by converting it to electricity (which needs to be stored, probably in batteries) before using it to produce motion.

      I mean, what if you could get gasoline to "burn" but harness the photons produced by combustion directly to produce electricity, rather than heat?

      I won't even start on how wrong this statement was. Just go on wikipedia and educate yourself on what combustion is, what a photon is, and the different methods of producing electricity from fuel and their associated efficiencies.

    27. Re:Quixotic business plan by Chris+Burke · · Score: 2, Insightful

      if one is in the business of long distance trucking then the downtime for refuel is going to become an issue.

      If you're in the business of long distance trucking, then the vast majority of our ICE vehicle fleet -- the part that EVs are aiming to replace -- is completely inappropriate for you to begin with! Yeah I don't think truckers are going to be driving the Tesla Model S, and I don't think anyone has been implying that they would.

      For the people who only need a commuter car, a pure EV is imminently practical to operate. Personally I'd love to be able to plug in my car every night and know I had a its full range the next morning. Yeah, today I only need to fuel up every two weeks but there's always that one day or two where I'm deciding whether or not to go out of my way to refuel or risk running on fumes the next day. If "refueling" was as simple as pulling into my home and plugging in, I'd never have to worry about that again. The only reason refuel time matters for these people is because they're having to do it at a gas station.

      And for the people who mostly only need a commuter car, but have to drive farther often enough that rental isn't a practical option, there's always the in-line hybrid design. Pure electric drivetrain with an ICE generator 'range extender' that is optimized for that purpose. Whenever you aren't needing the range, it is a pure EV.

      This is the perfect stepping stone imo. I even bet that once people start using them and realize they really don't need the range as much as they thought, they'll be more willing to by a pure-pure EV the next time.

      Pure electric vehicles will remain in the realm of curiosities, luxuries, and niches unless we find some unobtainium to recharge the batteries.

      I'm waiting for an unobtanium cluestick for people who can't envision doing things even the tiniest bit different than they do now.

      --

      The enemies of Democracy are
    28. Re:Quixotic business plan by TooMuchToDo · · Score: 1

      How often do you go more than 150 miles in the day? I have no plans to road trip in my Model S. If I'm going more than 150-200 miles, I'm either using our Camry Hybrid or I'm flying.

    29. Re:Quixotic business plan by jimicus · · Score: 1

      Not the point.

      I'd need to hire a car for that specific journey, seeing as there isn't a flight. (This is the UK, most internal flights cover distances more like 300-400 miles).

      Ironically, while the electric car would be most useful within cities in the UK (where pollution is likely to be at its worst), this is also where the electric car is least practical. Lots of people don't have off-street parking, let alone a garage, so you could never charge the damn thing.

    30. Re:Quixotic business plan by monoi · · Score: 1

      And herein lies the rub - refuelling partway through the trip takes a few minutes with a petrol-engined vehicle. It takes hours with an electric vehicle.

      Yes, overnight charging is clearly never going to work as a convenient mass-market solution. So: standardise battery sizes and dimensions, and set up a battery exchange system. The batteries would be manufacturer-sealed and clearly display a tamper-proof lifetime indicator, so you'd know that the exchange model you were getting was good. Throw in a minimum wage attendant who actually did the manual work of changing the (relatively heavy battery units, and you're done. A painfully simple and obvious solution to a non-problem -- why is it so difficult to imagine change?

    31. Re:Quixotic business plan by jimicus · · Score: 1

      Indeed, and a robotic solution to this has already been devised:

      http://www.youtube.com/watch?v=OHHvjsFm_88

      But there's a chicken and egg problem there. It's an enormous investment and without the manufacturers getting together and agreeing on a standard form factor for the batteries AND a significant number of cars, not going to happen.

    32. Re:Quixotic business plan by falconwolf · · Score: 1

      What's really nutty about the whole thing is that, we haven't even really begun to research what a gasoline fuel cell might look like. I mean, what if you could get gasoline to "burn" but harness the photons produced by combustion directly to produce electricity, rather than heat?

      You would still have two problems. By using petroleum you're supporting terrorists. And petroleum will run out.

      I think the biggest problem is that most of those thinking about this has a "1 size fits all" mentality. Transportation like energy should be broken down, use what's available in a given area for a given task. Use plug-in EVs in cities where drivers do not drive far. Use hybrids in suburbia. And use trains for longer distances. And those trains can be electric, like the TGV in France. Heck even fossil fueled trains have better fuel economy when fully loaded than road vehicles. The problem there is that people will not willingly give up their cars. I care about the environment and I won't give up mine. I just try not to drive when I don't need to.

      Falcon

    33. Re:Quixotic business plan by Fnkmaster · · Score: 1

      I think ZipCar and Tesla are actually very complementary businesses for this reason - if an electric car meets 90%-95% of your driving needs (I wouldn't say it meets 100% of driving needs for 95% of the population, as the GP poster suggested - that's just wrong), then the other occasional long distance road trip can be easily handled by driving down to the local ZipCar station to take out a gasoline powered car for the long haul.

      Of course, depending on where you live, a lot of families might have reason to keep both a gas and electric vehicle around as another reply suggests too.

    34. Re:Quixotic business plan by Zobeid · · Score: 1

      Your analysis is simple-minded and flawed. . .

      For one thing, electric vehicles are considerably more energy-efficient than gasoline or diesel fueled vehicles. Even though they don't carry as much energy on board, a much greater percentage of the energy they carry does, in fact, reach the wheels.

      For another thing, you take no account of how much range is actually required for a car to be practical and attractive to buyers. Gas cars don't have 300 miles range because everybody requires 300 miles range. They have 300 miles range because that's easy to do with gasoline. The question of how short a range people are willing to accept is largely unknown, because the issue rarely comes up with gasoline.

      Finally, you yourself hinted at the reason why electric cars could replace gas cars, when ". . .liquid fuel is no longer a readily available competitor. . ." If you get up one morning and gas is $10/gallon, and you have to search for a gas station that is still open and has some to sell, and then wait in line for a couple of hours, and then discover you don't have the proper ration card allowing you to buy a few gallons. . . Then you might just develop a sudden burning desire for an electric car.

      If the Peak Oil faction is right, such scenario could be only a few years away.

    35. Re:Quixotic business plan by Anonymous Coward · · Score: 0

      Okay. But it's more like 9MJ/kg for the gasoline because internal combustion engines are usually about 20% efficient.

      So we only need batteries which at 10 times better to beat gasoline pound for pound.

    36. Re:Quixotic business plan by MichaelSmith · · Score: 1

      Lots of people don't have off-street parking, let alone a garage, so you could never charge the damn thing.

      I have seen designs for charging points integrated with parking meters.

    37. Re:Quixotic business plan by Anonymous Coward · · Score: 0

      What you're missing here is that the Model S is a premium product, so it can command a premium price. Therefore it is not competing against average cars, so I do think it will be successful.

      With regard to electric cars in general, well, the technology certainly has some way to go, but it will get there eventually since as others have pointed out that the energy density problem is not as bad as you make out. But for the near-term the best solution to that issue would be the series plug-in hybrids, like the Chevy Volt, where the battery pack can handle day-to-day usage and the gas engine just kicks in to provide electricity when the batteries run low. This method of operating has advantages in that the gas engine can be made to run much more efficiently when not connected directly to the wheels and being able to run on pure electric for most of the cars usage, while still maintaining the easy refuel and distance provided by gas when needed, with disadvantages being needing to carry extra weight, and higher production costs.

    38. Re:Quixotic business plan by dbIII · · Score: 1

      OMFG you are right!
      The clear winner here from that reasoning is the horse drawn omnibus which doesn't have to carry any energy source with it at all!
      Reality is of course more complex and factors such as shifting pollution so that it doesn't occur in busy city streets get considered.

    39. Re:Quixotic business plan by goodmanj · · Score: 1

      Specific power of an IC engine: around 2 kW/kg
      Specific power of an electric motor: around 2 kW/kg
      http://en.wikipedia.org/wiki/Power-to-weight_ratio

      So no gain there: electric motors weigh about the same as a similar-power gasoline engine.

      Liquid fuel engines are about 30% efficient; electric motors are about 90% efficient. So that gains you a factor of 3...

      So correcting for your objections, we find that gasoline fuel provides *15* times as much energy delivered per storage mass.

      Your one remaining point, that what matters is the *total* power system mass, not just the weight of fuel, also doesn't make a big difference. The Chevy Volt's motor mass is negligible compared to the mass of its batteries.

      So, I said batteries are 45 times worse than gasoline, with your correction it's only 15 times worse, but I think my point still stands.

      As for the potential for future improvement, energy density of batteries has improved by a factor of 4 from lead-acid to lithium-ion ... and it only took a century to get there!

    40. Re:Quixotic business plan by goodmanj · · Score: 1

      To summarize responses to my original post:

      1) What matters is not the energy stored in the fuel, but the energy delivered to the wheels. Since liquid fuel motors are about 3x less efficient than electric, my "factor of 45" drops to a factor of 15.

      2) We should be considering total power system mass, not just energy-storage-system mass. True, but *because* batteries have such low energy density, they account for the bulk of the power system mass for current electric vehicles.

      So making these corrections, we still find that electric power systems are an order of magnitude "worse" than liquid fuels.

      3) People don't *need* the amount of power and range they currently get with their current liquid-fueled vehicles: an electric vehicle will suffice for the majority of the population.

      Point 3 is absolutely right, but naive. One look at the vehicles in the parking lot outside your building will convince you that people don't buy the vehicles they *need*: if they did, they'd all be driving Civics, Hyundais and SMART cars instead of BMWs and Escalades. If you offer the average customer two vehicles at similar prices, one with 10 times the range and/or power of the other, he or she will choose the more powerful one almost every time.

      I never said that electric vehicles are not a workable transportation option: I said they [b]cannot compete[/b] against liquid fuel vehicles in an open market.

      As some of you noticed, I left some openings in my argument: if liquid fuels become prohibitively expensive due to supply shortage or taxes, or if taxes, credits, or other laws drive the customer's choice, electric vehicles may become a good option for the average joe.

    41. Re:Quixotic business plan by jandrese · · Score: 1

      The weight still comes into play in the end. It's not 45:1 though, it's more like 2:1. The Tesla Roadster is heavy, but not unmanageably so. At least the mass is more or less centered on the vehicle which makes it impact the handling less than a heavy engine does in a front engined vehicle.

      --

      I read the internet for the articles.
    42. Re:Quixotic business plan by vxice · · Score: 1

      You also got to take into account the affect of dumping exhaust into the atmosphere. It is a public resource by default since everyone has access to due to the difficulty in limiting peoples access I mean it's everywhere. Since access is free people will overuse it, I mean why pay to dispose of something when you can dump for free. You don't even have to agree with global warming just think with all those cars driving all those miles dumping all that exhaust into the atmosphere there will reach a saturation point, this amounts to a major advantage for combustion engines. This is where the government steps in and levels the playing field, one of the basic laws of economics is that less government intervention is usually good not always or never but usually and this is the classic example, so we either tax gasoline more to remove this advantage since if access could more easily be controlled it would and there would be a price or we provide an equal advantage to energy sources that don't take advantage of this little loop hole. For now however I ride a motorcycle which is relatively fuel efficient compared to an SUV, note while I still use gas I use much closer to what I need I don't ride a 4k lb SUV or construction crew truck around when even a 2k lb sedan would do since I only need to move one person which is doing plenty of good itself. Yes price needs to come down and range needs to increase but those were both concerns about combustion engines when they first came out for the wealthy.

      --
      every anarchist is a baffled dictator. Benito_Mussolini
    43. Re:Quixotic business plan by Chris+Burke · · Score: 1

      Specific power of an IC engine: around 2 kW/kg
      Specific power of an electric motor: around 2 kW/kg

      And where exactly on that page are you getting those numbers? Those particular figures don't appear anywhere, and the actual values vary wildly based on type and application.

      Anyway, in practice electric motors are smaller because they give peak torque throughout the majority of their rpm range, while ices only give it in a narrow band.

      Your one remaining point, that what matters is the *total* power system mass, not just the weight of fuel, also doesn't make a big difference. The Chevy Volt's motor mass is negligible compared to the mass of its batteries.

      So, I said batteries are 45 times worse than gasoline, with your correction it's only 15 times worse, but I think my point still stands.

      No, jeeze, you have to look at total mass, as in all of it. Like, including the transmission and exhaust system and fuel system and environmental controls and all that. Yes, you're right that the batteries are the biggest portion of weight in an EV, but that is exactly why things don't turn out how you expect.

      Let's actually look at this:

      A Lotus Elise -- a car made by a company whose whole design philosophy is to minimize weight, and make much lighter cars than competing sports cars -- weighs 1984lbs at the curb. A Roadster weighs 2723. The roadster has a range of 240 miles. The Elise gets 27mpg, which would give comparable range with an 8 gallon tank. Slightly less, but let's call it the same.

      The weight ratio here is only 1.37.

      So, does your point still stand? To the extent that it is "gasoline has higher energy density", sure. To the extent that it is "batteries can never compete with gasoline for practical vehicles", then no, that's garbage. It doesn't take a fifteen-fold increase in battery density to erase the Lotus' weight advantage. Maybe a doubling?

      As for the potential for future improvement, energy density of batteries has improved by a factor of 4 from lead-acid to lithium-ion ... and it only took a century to get there!

      Yeah because people were really trying to improve battery density for all those years. It's really more like a 4x improvement in 40 years. The very fact that it's becoming so important, and because of advances made in material science only in the last couple decades, means battery's future is looking good technology wise. You may feel differently, but I apologize if I decide not to take my technology development prognostications from someone who can't even figure out the proper metrics.

      --

      The enemies of Democracy are
  12. Bicycle > walking by tepples · · Score: 1

    I hear you have these things called legs and feet.

    Not everybody comes with those. See, for example, this video and this video.

    The mileage seems nearly infinite

    It's slow, it has no climate control, the carrying capacity is far lower than the trunk of a sedan, and food isn't free. A cheap bicycle is a distinct improvement; it quadruples my speed and range and roughly doubles food mileage, but it still lacks climate control so it's not so useful in the temperate areas of the northern hemisphere right now.

  13. The Roadster is too heavy... by Anonymous Coward · · Score: 0

    All the batteries, and placement, add too much weight to the Roadster.... And the recharge time is currently too long.

    Both of these things would be solved if they used a hydrogen fuel cell, to generate the power for the electric car. Very efficient, will allow people to fuel as they go, and eventually the power source can be switched to a battery when one is produced that is competitive... Its win-win, and as an added plus would significantly decrease the cost of production, so more of us can afford it....

  14. A Jim Cramer moment by jgreco · · Score: 0, Offtopic

    I can't get Jim Cramer's cameo on Iron Man out of my mind. "It's a car company... that doesn't make cars! Sell! Sell! Sell!"

  15. Compare to OLPC by tepples · · Score: 1

    You don't start by making a $2,000 car.

    Unless you're Nicholas Negroponte and you launch the whole netbook fad by trying to get the cost of building a laptop down close to 100 USD.

  16. I can't wait by sbrown1038 · · Score: 4, Funny

    until 2012 to see the S car go.

    1. Re:I can't wait by Dunbal · · Score: 5, Funny

      until 2012 to see the S car go.

            Or you could enjoy one tonight at your local French restaurant?

      --
      Seven puppies were harmed during the making of this post.
    2. Re:I can't wait by Anonymous Coward · · Score: 0

      Trading Places was a great movie.

  17. How much energy gets to the wheels? by tepples · · Score: 1

    Energy density of lithium batteries: 1 megajoule/kg Energy density of gasoline: 45 megajoules/kg

    Is that with or without lithium's fivefold advantage in how much of the energy actually gets to the wheels? When you recharge the lithium, all the thermodynamic inefficiencies of an Otto cycle heat engine are already paid for at the power plant. In addition, as Anonymous Coward pointed out, you don't need to lug around the heat engine itself.

    1. Re:How much energy gets to the wheels? by Dare+nMc · · Score: 1

      lithium's fivefold advantage in how much of the energy actually gets to the wheels?

      Probably more like 2.5 to 3 fold. Density is better for fuel, and the delivery cost is lower ~1% for fuel vs more like 40%-50% for electric (granted electric is to the home, while the fuel is to the road side.) Also lifetime of gasoline motors are 20 fold greater than for current lithium batteries. Probably why hybrid is the way, that way you can have the density+lifetime of fuel, yet get the regen of electric, but not put as many cycles on the high cost batteries, and have fewer of them. And also avoid the low efficiency periods of the engine.

    2. Re:How much energy gets to the wheels? by NonSequor · · Score: 1

      Energy density of lithium batteries: 1 megajoule/kg
      Energy density of gasoline: 45 megajoules/kg

      Is that with or without lithium's fivefold advantage in how much of the energy actually gets to the wheels? When you recharge the lithium, all the thermodynamic inefficiencies of an Otto cycle heat engine are already paid for at the power plant. In addition, as Anonymous Coward pointed out, you don't need to lug around the heat engine itself.

      After accounting for that, you still have an order of magnitude of advantage for liquid fuel.

      Can you make batteries that are 10 times more energy dense? Maybe, but I'm guessing it would take more expensive materials and manufacturing technologies. You always need to consider that in saving something one place, you're always increasing a cost somewhere else. It's just a question of which cost you can live with.

      I think there are fundamentally different strengths between electrical and chemical energy sources. Electrical energy is more fluid and can be transported easily and converted to mechanical forms easily, but it's a poor for storage. Chemical energy is more durable and suited for storage, but there's a heavy loss on conversion to other forms of energy.

      Which is better for transportation depends on whether or not chemical's handicap at conversion to mechanical work is worse than electrical's handicap for storage.

      --
      My only political goal is to see to it that no political party achieves its goals.
  18. duke nukem forever paint job by AFormalEvent · · Score: 0

    i hope it comes with a duke nukem forever paint job.

  19. And this guy wants to build a spaceship? by tjstork · · Score: 0, Troll

    So basically, here's the career guide for you. Take all the credit for PayPal at the right time, with the right partner, sell for a ton of money, build a car company that rarely makes any cars, a space ship company that can't launch anything, write a big check to Obama, and the next thing you, the Democrat's Bernie Madoff will wind up with a contract for all manned space flight.

    What a joke!

    --
    This is my sig.
  20. Re:Bicycle walking by phoenix321 · · Score: 1

    Add the fact that two wheels are impractical bordering on insane to drive on all that frozen Climate Change currently covering the a large fraction of the northern hemisphere. This day it was another 50cm of it in parts of Western Europe and we rather need snowmobiles or 6-wheelers right now to get anywhere.

  21. Spoken like a city boy by Anonymous Coward · · Score: 2, Insightful

    "and practical sense to have an electric car for daily use, and rent a fuel car for longer trips"

    And that doesn't really make sense for a huge part of the country where we go to the store once a week for food, and fill up a van. We have to haul stuff to our property to maintain buildings, fields, etc.

    I said "city boy" and I'm joking a bit. But I'm doing that show you that the way you live and where you live is up to you and is neither right nor wrong. Please give everyone else the same benefit of freedom to choose where and how they want to live

    1. Re:Spoken like a city boy by slaingod · · Score: 2, Insightful

      By 'huge part of the country' I assume you mean by area, not population. And he said 'car' not 'truck' or 'van', which serves a different purpose (carrying things as opposed to carrying people). Now you may only have a van or truck for financial and convenience reasons, but when someone defines their market, and you then say 'but there are other markets' as your counterpoint...it isn't really germaine.

      --
      http://blog.slaingod.com
    2. Re:Spoken like a city boy by obarthelemy · · Score: 1

      http://www.fhwa.dot.gov/planning/census/cps2k.htm

      US, 2000 : population = 80% urban, 20% country.

      You might have noticed in my original post that I said "getting to a point where it makes economical and practical sense to have an electric". That kinda of implied that people are free to choose, and that circumstances vary. But don't let that distract you from your "freedom" rant.

      --
      The Cloud - because you don't care if your apps and data are up in the air.
    3. Re:Spoken like a city boy by falconwolf · · Score: 1

      he said 'car' not 'truck' or 'van', which serves a different purpose (carrying things as opposed to carrying people).

      "Car" is used generically by many people. Many people say, some even call their trucks, "cars". "Unload the car", when it's a SUV.

      Falcon

    4. Re:Spoken like a city boy by The_Wilschon · · Score: 2, Insightful

      Slow down, cowboy! (see what I did there? ;) Nobody in this discussion is looking to prevent you from driving whatever you like, living wherever you like, or living however you like. Let's recap.

      An AC said that we need Tesla to prove that electric vehicles are a viable alternative to gasoline vehicles. Another (presumably not the same..) AC said that EVs are not a viable alternative because they either cost too much or have too small of a range. Then obarthelemy cited a study and claimed that the study indicates that range is not actually that important, and that we should mostly worry about the economics and practicality of a particular vehicular usage scheme.

      Where in this is obarthelemy, or anyone else, denying or attempting to deny you the freedom to choose your lifestyle? If you don't feel that EVs are viable for you, then don't use them! Do you feel that the presence of alternatives is a threat to your lifestyle? If not, then you should absolutely support the development of alternatives for a variety of reasons that should be pretty obvious.

      --
      SIGSEGV caught, terminating

      wait... not that kind of sig.
    5. Re:Spoken like a city boy by patrikor_007 · · Score: 1

      "Please give everyone else the same benefit of freedom to choose where and how they want to live

      dude:

      obarthelemy was talking about the state of technology (and how it applies to most people in the country), not about requiring you to buy a vehicle that doesn't make sense for your situation.

      i'm curious: do people in rural areas think the "city people" are making them do things against their will? even though rural areas are STRONGLY (little html joke there, ha ha) represented in the Senate and the electoral college, and equally represented in the House on a per capita basis?

    6. Re:Spoken like a city boy by BoberFett · · Score: 3, Funny

      Just imagine how much cheaper it would be to put gas in your truck if all those city folk weren't using any at all.

    7. Re:Spoken like a city boy by Kymermosst · · Score: 1

      The problem is that many of the city folk seem to think that what is good for them is good for the country folk and use the tyranny of the majority to impose it.

      --
      "Alcohol, Tobacco, Firearms, and Explosives" should be a convenience store, not a government agency.
    8. Re:Spoken like a city boy by slaingod · · Score: 1

      I think in the context of electric cars, it is generally more specific, but my assumption could be wrong.

      --
      http://blog.slaingod.com
    9. Re:Spoken like a city boy by Anonymous Coward · · Score: 0

      Do you feel that the presence of alternatives is a threat to your lifestyle? If not, then you should absolutely support the development of alternatives for a variety of reasons that should be pretty obvious.

      Nah, it's probably just the typical nearsighted pseudo-libertarian bullshit attitude: "It doesn't affect me directly and I'm too stupid to be able to understand the indirect effects, so I don't want to have to pay taxes to support it."

  22. Population isn't everything by tepples · · Score: 1

    By 'huge part of the country' I assume you mean by area, not population.

    The population of the country, or the population of the United States Senate that wrote the paycheck of the DOE that made this loan? Representation in the Senate is biased toward states with smaller populations, especially the thinly populated plains states located between the Rocky Mountains and the Mississippi River. Even a state with the minimum 60,000 people would get its representative, two senators, and three Presidential electors. That's one reason why these rural "other markets" have a voice in the first place. The other is anecdotal: a lot of us have relatives in these "other markets".

    1. Re:Population isn't everything by Dragonslicer · · Score: 1

      The population of the country, or the population of the United States Senate that wrote the paycheck of the DOE that made this loan?

      In theory, the House of Representatives controls spending, which would mean that representation in budget decisions isn't biased towards smaller states. Whether or not reality follows this is open for debate.

    2. Re:Population isn't everything by slaingod · · Score: 1

      I am pretty sure the 'huge part of the country' going to the store once a week that the AC was alluding to were not Senators.

      (That said, I live in the suburbs and go to the store once a week, a mile away, but I assumed he meant where it was a 20+ minute drive to the nearest store.)

      --
      http://blog.slaingod.com
    3. Re:Population isn't everything by witherstaff · · Score: 1

      After the next census it won't be so open for debate. The 2010 census will be the first one that doesn't ask if anyone is a citizen. How do we juggle around the House of Reps if we don't have the consitutionally required head count correct? But we'll know how many toilets every house has, great!

    4. Re:Population isn't everything by Carnildo · · Score: 1

      How do we juggle around the House of Reps if we don't have the consitutionally required head count correct?

      From the Fourteenth Amendment:

      Representatives shall be apportioned among the several States according to their respective numbers counting the whole number of persons in each State, excluding Indians not taxed.

      Note that that's the count of residents, not the count of citizens. Removing a question about citizenship from the census will reduce the amount of data collected, but it won't change how seats in the House of Representatives are allocated. The Constitution originally specified that a slave only counts as three-fifths of a person for allocating representatives, but again it didn't distinguish between citizens and non-citizens:

      Representatives and direct Taxes shall be apportioned among the several States which may be included within this Union, according to their respective Numbers, which shall be determined by adding to the whole Number of free Persons, including those bound to Service for a Term of Years, and excluding Indians not taxed, three fifths of all other Persons.

      --
      "They redundantly repeated themselves over and over again incessantly without end ad infinitum" -- ibid.
  23. How often is often? by tepples · · Score: 1

    Most of the people that I know that own trucks only use them as a truck occasionally.

    At what point do you draw the line between "occasionally" and "often"? Every two weeks?

    1. Re:How often is often? by The_Wilschon · · Score: 2, Insightful

      Well, it seems like you would figure that out on a case by case basis, by doing a fairly simple cost comparison after observing or estimating your typical usage patterns. If it turns out that it costs you more to rent a truck when you need it than to own a truck, then buy the truck. Otherwise, rent the truck. Is that so hard?

      --
      SIGSEGV caught, terminating

      wait... not that kind of sig.
    2. Re:How often is often? by WCguru42 · · Score: 1

      Most of the people that I know that own trucks only use them as a truck occasionally.

      At what point do you draw the line between "occasionally" and "often"? Every two weeks?

      At whatever point the person owning the car decides. It's not like people proposing this idea want a law mandating it. It's simply saying that if you have a truck and you use the bed for picking up a christmas tree once a year, you probably don't really need the truck all that much. You might end up saving a ton of cash on a cheaper car (up front expense, maintenance, gas, etc.).

      --
      "Educate the mind but never at the expense of the soul."~Blessed Basil Moreau
    3. Re:How often is often? by tepples · · Score: 1

      I just assumed that you had figured it out for your own case and were getting ready to relate it.

    4. Re:How often is often? by Dare+nMc · · Score: 1

      As with most cost savings, the math is a simple concept. The real numbers are never so easy to come up with. IE I have a truck, I can count the number of days I used it as a truck last year, multiply by the rental rate. I come out much higher than the fuel savings, so savings didn't cut it right? But then again if I got a car that could tow a small trailer, I could add back in most of those days and it would be a savings. But because I had the truck I took my dads RV out, no one in my area rents a truck setup to tow anything that size (RV was close to me, his truck was 1000miles away) so I would have had to rent a RV instead, cost advantage back to owning. But I wouldn't have actually gone (savings), and it was a blast (loss)...
      Not to mention I have no idea what I will do this year, so do I trade it in, then buy another in a year if needed?
      Since I like my truck, and it's setup the way I like it, thus it was never a serious question to begin with, for me.

  24. Re:Bicycle walking by Kneo24 · · Score: 1

    Nothing in those videos indicated that they didn't have those at some point. Much like any vehicle, if you break it and you want it to work properly, you fix it... Or you deal with the brokeness. Secondly, the AC never specified what they wanted in a vehicle besides a vehicle that was under $50k and was over 300 miles to the gallon. For all we know, they expect that at a price point of $49,999.99 all the way down to free. If people post stupid comments, they will get stupid responses.

  25. Cry More Please, The Whine Is Nicely Aged by Kneo24 · · Score: 1

    If they fail to repay the loan, that's about $1.45 per person. If Tesla wants $1.45 right now from me, I'm fairly sure I could afford it. Don't get me wrong. That's a lot of money when added up, but in the grand scheme of things, it won't be all bad if Tesla fails. They've done a lot of good ground work for a start-up.

    Part of your problem is that you're viewing this as a bailout, as if Tesla had somehow ran their company into the ground. This isn't the case. What they've asked for, and any good business person will do this in lieu of using their own money, is ask for a loan to expand their operations to forge ahead with their plans.

    We have actually subsidized a lot in this country. Some of it has been for the betterment of society, some of it hasn't. This subsidy has that potential for the betterment of society. Any technology that is developed can be expanded upon in the future. But hey, being short-sighted is all the rage with average Joe angry American.

    By the way, the previous administration gave our taxes to the wealthy too. Looks like you're fucked on both side of the fence, aren't you?

    1. Re:Cry More Please, The Whine Is Nicely Aged by clarkkent09 · · Score: 1

      If they fail to repay the loan, that's about $1.45 per person.

      None of these cost a lot per person http://funding-programs.idilogic.aidpage.com/funding-programs/ but have a habit of adding up. Not to mention the good old farmers: http://farm.ewg.org/farm/top_recips.php?fips=00000&progcode=total

      If Tesla wants $1.45 right now from me, I'm fairly sure I could afford it.

      If Tesla took only the money of people like you who have no problem with it, they wouldn't need a subsidy. They would just need private investors.

      --
      Negative moral value of force outweighs the positive value of good intentions.
    2. Re:Cry More Please, The Whine Is Nicely Aged by Kneo24 · · Score: 1

      Oh, I totally agree. It does become a lot per person when a lot of them are failing or fail. However, not all subsidies, even ones that fail, are necessarily bad. This one for example has the possibility of good technology being developed that will better mankind as a whole. Even if it fails in the long run, we as a society win.

  26. Sounds underhanded by asm2750 · · Score: 1

    Although I was interested in buying Tesla stock when their IPO occurs, I think I would rather short it or not even touch it now. This company feels like it has "Scam" written all over it. Don't get me wrong I think they make great products, but this company reminds me of a dotcom where its all PR and no actual progress.

    1. Re:Sounds underhanded by Anonymous Coward · · Score: 0

      How do you know they "make great products"? As of now there is nothing to evaluate. They say they were close, but now there will be no tangible proof of that.

      You got right at the beginning: "Scam" with a capital fucking S.

  27. Want to feel even better? by DesScorp · · Score: 1

    "These guys are brilliant hypesters with good government management skills."

    Some of the guys at Tesla also run SpaceX, the company that will soon begin providing commercial launch services for NASA.

    Now, I'm all for commercialization of space... I think it's long overdue. But imagine if NASA cancels Ares and then these guys go "So yeah, we contracted some missions for you, but we've decided that our Falcon design isn't viable. Sorry about that".

    It's a good thing Boeing and Lockheed have Delta and Atlas rockets.

    --
    Life is hard, and the world is cruel
  28. get a girlfriend by Anonymous Coward · · Score: 0

    A little bit of a troll, but slashdotters need to get girlfriends to make this work ;-) Seriously though, what married couple doesn't have at least two cars? My Civic really fits my commute well, but it would certainly not fit my family comfortably for a long trip (we've tried). If we're going long, we can pile everybody and everything into the barge. A limited range electric car would replace my commuter pretty well.

    I commute round trip 25 miles per day plus occasional errands. I don't trust what age and New England cold would do to mileage estimates, but if the manufacturer claims 100 miles, I'd buy that for my commute!

    Of course up front cost is another issue, plus the approach taken by the Volt sounds like an excellent possibility, but we'll see in another 5+ years when I next need to replace a car.

  29. This is easy by idiotnot · · Score: 1

    The Feds need to recall the loans immediately. They were specifically made for the sedan, but their mere presence allowed Tesla to continute working on the roadster.

    Recall them now. Immediate payment. If Tesla goes bankrupt because of it, so be it. Preston Tucker, what?

    1. Re:This is easy by Anonymous Coward · · Score: 0

      What a ridiculous idea. It's a small company. Sales are probably down. There's no reason for them to continue production of last year's model instead of focusing resources on the future, which was the entire reason for the loan to begin with.

  30. Crazy question to the crowd by oliverk · · Score: 1

    I'm sure someone, somewhere has asked this question: why can they just make the batteries swappable? The time to "refuel" wouldn't be the time spent on adding electricity to the battery, but instead changing the battery in the car. Sure...you'd need some sort of special equipment, and they're probably heavier than hell. But has anyone tried to sort this aspect of the electric car to get these off the ground?

    --
    ---- Please be nice in case my Slashdot karma ~= my real life karma.
    1. Re:Crazy question to the crowd by fnj · · Score: 3, Informative

      The Tesla S has been designed with the capability of swapping the battery pack in 5 minutes, as well as a 45 minute quick charge at a suitable charging facility (fits pretty well with the idea of having lunch or shopping while the battery is charged).

    2. Re:Crazy question to the crowd by Anonymous Coward · · Score: 0

      "why can they just make the batteries swappable?"

      They could.

      "Sure...you'd need some sort of special equipment, and they're probably heavier than hell."

      If you ever get a chance, take a trip to a warehouse that uses electric equipment. Battery management can be a pain where they are standardized and designed to be swapped. Quick charging is a better idea (used in some warehouses instead of battery changing stations).

      But to summarize:
      -Special equipment to handle heavy batteries.
      -The ability to handle a large variety of different battery configurations.
      -The ability to charge these batteries.
      -A large supply of these batteries (charging takes time, you don't want to run out).
      -A significant number of locations of these stations.
      -Cars have to be designed to allow the battery packs to be swapped. Most don't. This would be a large undertaking.

      This would be fundamentally different than gas stations. At best it would be like getting your oil changed. The upfront cost for this network would be impressive.

      A more realistic (affordable) option would be the appearance of fast charging stations at workplaces, stores, restaurants, etc.

      Electric cars will require a shift in behavior. That behavior will require time to occur. It will happen the quickest when electric cars are reasonably priced. After all, why should I buy an expensive electric car when I have a paid off car that gets over 30 mpg when gas is under $3 a gallon....

    3. Re:Crazy question to the crowd by Anonymous Coward · · Score: 0

      And this will take a modest ~200KW to accomplish. Let me know when your country is rewired to allow more than a few dozen of these vehicles per local substation, or a home charge without a resulting fire.

    4. Re:Crazy question to the crowd by Anonymous Coward · · Score: 0

      And it's a damn fine looking car too if I may say so.

      Not just another 'box on wheels' hybrid/electric car... no, a fully electric car which looks like it shares some design-DNA with brands like Aston Martin and Maserati.

      RPM/Torgue numbers: great
      Fully electric: fast, silent, efficient, less moving parts
      Range: plenty for all daily stuff
      Design: awesome
      Added bonus: named after one of my favorite inventors ;-)

      Conclusion: I want one... badly! :-)

  31. Meaningless comparisons by sjbe · · Score: 1

    Energy density of lithium batteries: 1 megajoule/kg
    Energy density of gasoline: 45 megajoules/kg

    Vehicles are unique among energy technologies in that they typically have to carry their energy source around with them. So energy stored per mass is the most important figure of merit for vehicle propulsion, and electric vehicles are inherently 45 times worse than their liquid-fuel competition.

    You are neglecting some pretty important facts. The first fact you are neglecting is energy conversion efficiency. Electric motors have FAR higher energy conversion efficiency - something like 90% versus 10-40%. The energy density of the fuels source itself is a factor but not meaningful by itself. Uranium has a far higher energy density than gasoline but we're not likely to put it in an automobile anytime soon.

    Second, you are ignoring the weight of the equipment required to convert that energy into motion. Internal combustion engines are heavy and gasoline isn't much use for transportation by itself without a vehicle. What you should be comparing is the weight of the *entire* vehicle and those weights are demonstrably comparable. The Telsa Roadster is pretty similar in weight and performance to the Lotus that shares the same frame. It is the power per weight for the whole vehicle that matters, not just for the fuel source.

    Third, you are assuming that current battery technology will never be improved upon. While batteries are not improving as fast as we would like, that doesn't mean they won't continue to improve. A breakthrough is still a realistic possibility with batteries whereas gasoline engines are unlikely to get significantly more utility from a liter of gasoline than they currently do.

    1. Re:Meaningless comparisons by Weezul · · Score: 1

      We don't need better batteries, the current ones are fine for tooling around town. If we get enough electric cars on the road, we'll just build a ground-level power supply system into the highways for travel between cities.

      All politicians would love spending the money wiring up the left hand lanes all over the country. Any nation implementing ground-level power supply can induce their citizen to convert by offering the highway's electricity for free or cheap. As cars are the worst source of pollution, you then find that country has vastly more rights to produce industrial pollutants under the various treaties.

      --
      The Christian religion has been and still is the principal enemy of moral progress in the world. -- Bertrand Russell
  32. industrial strength charging is about an hour by peter303 · · Score: 1

    A 440-volt, 60-amp charger can refill the batteries in an hour. I read something last year about a restaurant chain looking into providing chargers for customers. On a cross-country trip you could recharge while eating.

    1. Re:industrial strength charging is about an hour by Rei · · Score: 1

      Bah, that's only 26.4 kW. Aerovironment makes chargers as big as *800kW*. :) If I remember right, that's 800V and 1000A.

      And yes, that requires cooling the cables so that you don't have to make them too thick. In the long run, I'd love to see the charger *provide* coolant to the vehicle so that it doesn't need to carry the weight or complexity of a powerful refrigeration system around; the same coolant that cools the cables could also cool the pack. But the TESCO unofficial-standard for rapid charging doesn't do that.

      --
      Noone ever goes walrus!
  33. it's, you know, annoying by OrangeTide · · Score: 1

    Why do journalists try to reuse some annoying device over and over again? Can't they, you know, see how terrible it is?
    If I knew I wouldn't be fucking reading your article, you know.

    --
    “Common sense is not so common.” — Voltaire
  34. Build tunnels. by tjstork · · Score: 1

    The vast majority. At my last job, out of ~200 people, we had one (me) who routinely rode a bike to work. And 80%+ of the employees lived within 5 miles.

    Kinda tough to pick up 3 kids from day care / school and then run them to hockey / soccer practice with a bike. For that matter, the extra 30 miles of driving errands for all the kids is another hammer in the electric car.

    Of course, you don't even have to say it - why do kids not just play in the neighborhoods?

    --
    This is my sig.
    1. Re:Build tunnels. by Anonymous Coward · · Score: 0

      Kinda tough to pick up 3 kids from day care / school and then run them to hockey / soccer practice with a bike. For that matter, the extra 30 miles of driving errands for all the kids is another hammer in the electric car.

      So, that accounts for the all ~160 people at his workplace that live within a reasonable distance for cycling yet don't, does it? I think they have other reasons for not cycling, and they are probably largely affected by culture.

    2. Re:Build tunnels. by tjstork · · Score: 1

      So, that accounts for the all ~160 people at his workplace that live within a reasonable distance for cycling yet don't, does it? I think they have other reasons for not cycling, and they are probably largely affected by culture.

      How many are married with kids? They want the car to drive around errands.

      How many are single, want to eat out and go out, they want the car.

      See the picture?

      --
      This is my sig.
    3. Re:Build tunnels. by Anonymous Coward · · Score: 0

      Of course, but those aren't things you need to do every day straight after work Yes, I'm sure there are some people that do need it straight after work on a daily basis, but I doubt those people make up a majority.

  35. Re:Bicycle walking by R3d+M3rcury · · Score: 1

    ...or skis. Or something like this.

  36. Re:BEAUTIFY SLASHDOT! by justin12345 · · Score: 1, Offtopic

    Oh fuck off you arrogant douche-bag. Wow you know of the existence of Fire Fox and can install a plug in. That's so clever!

    Slashdot is experimenting with expanding their readership via social networking sites. I doubt it will work, but they would be stupid not to try. If you find the 200 pixels devoted to the Facebook and Twitter links annoying, you really need to take a hard look in the mirror and figure out what the hell is wrong with yourself.

    --
    Cool art gallery, if you're into that sort of thing.
  37. You are wrong and short sighted. by Weezul · · Score: 1

    All modern rail systems have more than solved, but actually reversed, the energy density issue.

    A ground-level power supply could easily extend the range of electric cars well beyond all gasoline powered vehicles, such systems have already been deployed.

    We need not incorporate the ground level power supply into surface streets either, just the major highways, because the electric cars have enough range for driving around town already. We might however find the funds for converting even major surface streets once enough people were driving electrics.

    --
    The Christian religion has been and still is the principal enemy of moral progress in the world. -- Bertrand Russell
  38. Marketing takes care of human psychology by Colin+Smith · · Score: 1

    So you think you need a new style of clothes every year?

    No. You tell people that they are better/smarter/sexier because they have something. Or dumb/failure/loser because they don't.

    You for instance are a failure because you don't have an electric car.

     

    --
    Deleted
  39. recharging batteries by falconwolf · · Score: 1

    Maybe the apartment could install charging outlets at their parking spaces.

    I had a similar idea, but not all of us apartment dwellers have parking spaces. I'm in my apartment now and my car is parked on the side of the public road. Actually that's one of the things I hate about here, there is no off-street parking. I hope that changes, but I doubt it, by me moving.

    I know, it sounds like an extremely complicated and expensive endeavor, but I think capitalism might just might just be able to work something out.

    Unfortunately we don't have a capitalist, or freemarket, economy. What we have is a mixed economy. Yes, even in the US, we have a mixed economy.

    Falcon

    1. Re:recharging batteries by gtbritishskull · · Score: 1

      You make a good point, but I believe that as need arises someone will step up to provide the service. If nothing else, the apartment complex will start getting annoyed by the ugly orange cords draped out of everyone's window and put in charging stations so the apartment complex won't look ugly. Also, the power company probably wants your money, so they would also probably be willing to eat some of the cost of putting in a charging station. That is what I meant by my comment about capitalism. If there is real money to be made from a service, it will be provided.

  40. Snakeoil salesmen by Anonymous Coward · · Score: 0

    'Nuff said.

  41. Re:BEAUTIFY SLASHDOT! by furbyhater · · Score: 1, Offtopic

    Maybe the AC was offtopic, but no need to slam him just because he doesn't like the icons and gives advice on how to remove them. I personally hate them too, slashdot looks more than ever like the cheap slut it has become.

  42. Was this any surprise? by BobSutan · · Score: 1

    This is what happens when your long term corporate strategy ends with being bought out by one of the Big 3. With GM, Ford, and Chrysler having their own problems (and being unable to buy upstarts like Tesla) it's only a matter of time before they implode. That's exactly what's going to happen if they don't get a cash infusion by external sources. Make no mistake here folks, on their own Tesla has a snowball's chance in hell of competing on the market as an independent entity.

    --
    "On a scale from 1 to 10, people are stupid"
  43. Re:Bicycle walking by Rei · · Score: 1

    all that frozen Climate Change

    Someone needs to learn the difference between:

    * "Global" and "Local"
    * "Climate" and "Weather".

    --
    Noone ever goes walrus!
  44. Hydrogen nonsense by Rei · · Score: 4, Informative

    1) Modern automotive-style li-ion battery lifespans are similar to transmission lifespans or other vehicle component lifespans. Fuel cells, on the other hand, have about half the lifespan of said batteries.
    2) It's not that li-ion batteries are difficult to recycle; it's that the automotive-style li-ions are nontoxic and the raw materials in them are cheap, so there's not much incentive to recycle them.
    3) Hydrogen generally costs $3-$15/kg, with the lower end from natural gas and the upper end from electrolysis.
    4) Hydrogen is *not* the solution if you want power; fuel cells are priced per watt, not per watt hour.
    5) The hydrogen cycle in a fuel cell vehicle with electricity as a source is 1/4 to 1/2 as efficient as that in a BEV. So no matter what your power source, you'll be requiring 2-4 times as much of it. Even if natural gas is the source, EVs are still usually 20-50% more efficient.
    6) If you want to talk about resources, unlike EVs, fuel cells *do* use rare elements (in particular platinum).
    7) FCVs cost about an order of magnitude more than EVs. For example, there's only one FCV available today that's not subsidized, and that's Toyota's FCHV-adv. It's by all standards a seemingly normal SUV, in terms of power, range, etc. But it costs over $8k a month to lease. One year of leasing of it would nearly pay for a Tesla Roadster outright -- a carbon fiber supercar that does 0-60 in under 4 seconds.
    8) FCVs *require* infrastructure to do anything. EVs only require new infrastructure for away-from-home recharging, and a heck of a lot less of it.

    I can keep going if you'd like. There's a reason why our Secretary of Energy tried to kill off our fuel cell programs. Tried. Congress forced him to keep them going, mainly due to amendments from people in districts who had been receiving the fuel cell research money.

    --
    Noone ever goes walrus!
  45. If EVs suck, why does Renault make 4 of them? by Spovednik · · Score: 1

    http://www.renault-ze.com/ i still think Tesla might survive. Even big automakers are dipping into EV market, and not lightly.

  46. Re:BEAUTIFY SLASHDOT! by Yvan256 · · Score: 1

    I'm not sure what you're talking about, I don't see any facebook or twitter icons/banners anywhere. Just plain text comments.

    It's probably due to my settings, but I haven't changed anything for the last six months or so... It's not because of a plugin either since I'm using Safari.

  47. carsharing by falconwolf · · Score: 1

    Even better than car sharing, IMHO, is a towable generator like the AC Propulsion Long Ranger. Why rent or exchange a whole car when you could just rent or exchange a generator?

    Actually it makes sense for many people to share cars. I don't myself but a few blocks from me a Coop I am a member of has some cars parked there as part of car sharing, Hourcar. Online Hourcar members can reserve a car for specific tyme periods then go and pick it up. There is no insurance premium, maintenance, and they only ask the person to fill up if the car is less than 1/4 full. However drivers are given a gas card for that.

    If a person only needs a car once or twice a week and only for a few hours at a tyme they can save a lot of money by sharing a car. Even over regular car rentals.

    Why rent or exchange a whole car when you could just rent or exchange a generator?

    I haven't done it for myself but I used to work in construction and we'd occasionally rent a generator. It's cheaper just to buy the generator, unless it's rarely used. However you have to have someplace to keep it. Where I live there have been 2 bikes stolen from the lot, one was mine, since I've lived here. Both were locked up too. Even left out for a few hours to charge an EV a generator would disappear from here.

    Heck last spring I had someone come and rip out all of the plants from a section of my garden I spend days working on, more than 60 peppers, tomatoes, and tomatilloes, in the middle of the night. And I was planning on making jars and jars of salsas and sauces from them.

    Falcon

  48. You left out a viable and cheaper option by zogger · · Score: 3, Interesting

    The range problem has been long solved for electric cars, until such a time as a cheaper and better battery system is developed. It's a non issue, a red herring against electric cars. And it doesn't require exotic battery swap out stations and all that nonsense, which *don't* exist and would cost hundreds of billions in unnecessary infrastructure cost to create, money we just don't have right now for that, when we already have enough regular gas stations.

      Now, look at this short video, see the thing on the back of that pure electric car? That's a rigidly attached range extender generator trailer. Not only does it give you unlimited range, just stop and fill up with gas as you would normally, but being a two point hitch instead of one, it doesn't flex, and even trailer noobs can use it, and back up easy, etc.

        You can have your shorter range electric commuter car, and still be able to do just as long of trips on the highway as any other pure fuel burning car.

    That can be taken any way you want it to go (I'd prefer a larger trailer that also had some cargo space to it), but that's the gist of it. A range extender turns your pure electric commuter into a "modular hybrid"** on demand, for those odd times you need a lot more range. You could buy one, use it also at your house for when the grid goes down in storms, etc, as is common now in suburbia or the country to have, the home backup genny, or just rent one for those longer trips.

    **modular hybrids like this setup in the video make more sense to me than the "everything on board all the time" models like you have with the dual gasoline engine plus electric motor, plus batteries, plus fuel tank rube goldberg traditional hybrids like the prius or the upcoming volt. And heck, as to a generator trailer, you could DIY in one day with all off the shelf stuff from home depot, today, right now. Small trailer, appropriate sized generator, some u-bolt clamps, etc, and then build your charging plug and cable.

    We just need the affordable electric cars out there on the dealers lots, and small trucks. And we could have them, if they just picked one steenking closed factory and retooled and just built the damn things, like a Model A electric car, just do it, in mass quantities rather than fooling around with more studies and only coming up with exotic sportscar high performance expensive electric cars, and with wasting time on those dual everything hybrids, which are the worst of both worlds, hauling around all the dual weight and taking up space when you don't have to most of the time.

        30-40 mile range is plenty for like the bulk of commuting in the US, not all, but the bulk of it, potentially tens of millions of customers right there, with the affordable, non real exotic, battery tech we already have.

  49. Re:BEAUTIFY SLASHDOT! by witherstaff · · Score: 2, Informative

    I had to look for them myself, I hadn't noticed them previously. They're at the bottom of the summary, before the comments, same line as the story tags. I guess those icons have entered the range of 'ignore by default' by web readers. Also kudos to slashdot to have them available but so unobtrusive.

  50. Quite a gamble by physburn · · Score: 1
    Its quite gamble, leaving a company without a product for any length of time, it could be the end of them. However there Model S is a big step ahead of any other electric vehicle around, look at the specs:

    300 Miles per charge

    Quick charge in 45 minutes

    0-60 Mph in 5.6 seconds

    Seats 5 adults and 2 children.

    Half the price of the roadstar, 50,000

    .

    All that and it still has a funky looking shape.

    Given much lower price and the better performance it seem worth cancelling the roadstar. Telsa cars are still to expensive though, $20,000 is a good price for a high range, family car, and Telsa's model S is two and a half times that. I hope they are sucessful, then the economies of scale with move the price of there cars, down to the price of ordinary cars. Replace petrol in cars, is the key step to reducing global warming.

    ---

    Electric Vehicles Feed @ Feed Distiller

    1. Re:Quite a gamble by RMH101 · · Score: 1

      Thing is, I pay about 150 GBP a month in diesel, and I pay 160GBP a year road tax. Chop those out, add in cheap electric charging, and the monthly cost of the vehicle on finance starts to look a lot more attractive.

    2. Re:Quite a gamble by Anonymous Coward · · Score: 0

      They're not cancelling the roadster's production. Lotus, which makes the whole car except the drivetrain, is retooling their factory to stop production of the model that Tesla uses. This means Tesla will have to either stop production of their roadster, or divert precious engineering resources from the model S to re-engineer the roadster for Lotus's new chassis.

      dom

    3. Re:Quite a gamble by Whorhay · · Score: 1

      Except when was the last time you bought a sedan that fit those kind of specifications for $20,000 brand new? Considering that the Model S is a luxury car the price tag is pretty reasonable. And judging by the number of people that I see driving luxury sedans every day I don't think their market is really all that small. Look at how many people have bought Prius's, it's not like those are a good bargain.

  51. Re:BEAUTIFY SLASHDOT! by Anonymous Coward · · Score: 0

    wow out of all the issues on slashdot, from ICANN manipulations to human rights, I've never seen someone so outraged as you are, and over a facebook sharing link nonetheless LOL. Get out of your basement and get some sunlight.

  52. Re:BEAUTIFY SLASHDOT! by Anonymous Coward · · Score: 0

    Blocking the icons is the proper method to remove these unwanted images. Anyone blocking them would not be using them. I and others are reducing Slashdot's bandwidth usage and our IT footprint. I did this within a minute of seeing them a few days ago (Adblock Plus as well). That must make me intolerant. No doubt, I'd find you to be a real motherfucker offline.

  53. Re:BEAUTIFY SLASHDOT! by Anonymous Coward · · Score: 1, Insightful

    (...)you arrogant douche-bag.

    Um, from what I see, the entire slashdot community is made up of arrogant douche bags.

  54. 465 MILLION? MILLION?! DAMN. by Anonymous Coward · · Score: 0

    My air+steam Wind Engine is a canned tornado explosion and will travel 465 million miles before it needs a tune-up... and they got $465,000,000.00 for a measly crap few miles?! What a crying dang shame. Stupid damn Dept. of Energy nuthin' better to do than sling cash like it's Waffle House hash browns. In my enginewow.htm engine design the hot steam cancels out the liquid supercold air so the metal doesn't suffer wear from expand/contract (plus the oil never suffers heat breakdown viscosity. OK, I give up, I give up here. Hush Percy. Stupid Stupid Stupid D.O.E. eat my grits fools.

  55. Re:BEAUTIFY SLASHDOT! by Yvan256 · · Score: 1

    Didn't notice them before either, but yeah they're below the summary now that you mention it.

  56. Re:Bicycle walking by phoenix321 · · Score: 0

    Gee, I noticed that, too. For politically correct reasons, here is the prescribed terminology:

    Rule 1
    a) Severe cold is weather.
    b) Severe heat is climate change.
    c) Rule 1 overrides all other rules.

    Rule 2
    a) Local temperatures are unimportant weather.
    b) Global temperatures are evidence for climate change.
    c) Rule 2 is overridden by Rule 1.

    Rule 3
    a) Decrease in temperature or sea level are isolated, shortlived or anomalous events.
    b) Increase in temperature or sea level are climate change.

    Rule 4
    a) IPCC selects the temperature stations to include in global averages.
    b) IPCC selects the trees to include in tree ring proxy data.
    c) IPCC selects the sea level reading stations to include in global averages.

    Rule 5
    a) Temperature stations in the middle of dense and growing cities are preferred.
    b) Temperature readings from nations with a high degree of Internet connectivity are suboptimal.

    Rule 6
    a) IPCC calculates the global average and presents the results.
    b) Only IPCC-accredited personell is allowed for verification.

    Rule 7
    a) IPCC is allowed to "hide the decline".

  57. Re:BEAUTIFY SLASHDOT! by few2 · · Score: 2, Informative

    I take exception to that. I'm a moronic douche bag.

    --
    Never mistaken for cool!
  58. Re:Bicycle walking by Anonymous Coward · · Score: 0

    -1 Moron

  59. Re:You left out a viable and cheaper option by darkvizier · · Score: 1

    A range extender turns your pure electric commuter into a "modular hybrid"

    That is exactly what the volt does, except without a trailer lugging behind. Unlike the Prius it is not as you say, a "traditional hybrid".

  60. Re:Bicycle walking by phoenix321 · · Score: 1

    Nah, the science is settled and the time for debate is over. (Always has been, now get back in line!)

  61. yes it is, just has more batts by zogger · · Score: 2, Interesting

    It still has a gas engine, a fuel tank, an electric motor, and batteries, all crammed in the same package, this time with more weight than current hybrids. It's a traditional hybrid, albeit with more battery storage so it has some useful range on batteries alone, so they call it a "plug in", but that has been an aftermarket mod option guys have done to their priuses already. The potential was always there, just the cost shoots up fast (also the priusus have wimpy electrics, they need to go to a larger motor there). Anyway, did you really look at that genny trailer thing? It's tiny, you wouldn't even notice it for trips when you really needed that extra range, it isn't like it would be some huge chore to tow it, and the two point hitch is a spiffy idea.

    One of the promises of pure electric, once made in mass quantities and not in limited production runs of exotic high performance sportscars, or "sports sedans", is a cheaper vehicle, plus more dependable and less maintenance. With the modular hybrid approach, if you just need to rent the generator trailer a few times a year at most, you eliminate all that maintenance, cost, etc, and stuff to break down, at least for yourself, the shop maintains those with pro mechanics. Just depends how much you really need to go beyond 40 miles (which I think is supposed to be the volt's range on batts). The volt is going to come in high, in the high end sedan class price wise, like 40-50 grand I bet once it stops being "coming soon" and they really sell the things. Glad some folks will be able to afford it, but I couldn't now. Or, they will sell it at a loss and hide the fact, just to sell them and justify their big loan to keep from going really bankrupt.

    I used to work for those guys..I am not a huge fan of GM. I have one of their old vans, it was swell, but have seen too many other really not so hot rides come from there, and they all are overpriced (IMO, that's subjective..I don't like the management there, and being in the UAW..echhh).

    Different strokes. I think there's a decent market for pure electrics, especially if they can hit around 20 grand, with grade B batteries and not top of the line. I know eventually I would like one, a small truck, as long as it has about a 40 mile range, that would suit my needs OK, that's the round trip to town for me, without completely depleting the batteries (it is really a bit over 30 miles in actual distance, so a 40 mile range is a nice cushion all around). That would help make the batts last longer. Or quite a bit of cruising around the farm here, I can get by there just a couple miles a day (800 acre farm). Most of the time, I would never need to burn any fuel at all then, could go all year and never burn any fuel, just charge it, and I have some solar panels already, and would get some more if I needed them. That would be full transportation independence, and no worries about either the grid being up, or price/availability of fuel *at all*, which to me is the ultimate goal, I dig on independence in things. right now, we are very close on food, real close.

    Already went through that opec embargo and so on, actually lost my job at the time because I simply could not get to work at all, huge lines at the stations, two gallons max, ten bucks a gallon. It went from normal to that almost overnight. And if anything, the US imports a lot more than it did back then, (30% then, 60% now, around there) so any global oil availability "issues" would be worse than back then..say all those dummies decide to light up Iran, then Iran lights up all sorts of other interesting places, then the straits of hormuz go down, and etc. and this is not a wild improbability either. Oil is a global fungible, so the market would..take yer pick, I could see it hitting 3-400 a barrel within days. Because they could get it. When they got ya by the short and curlys, you squeal.

    For a ride, I make do now with a small four cylinder diesel truck, gets around 40 MPG highway, 35 or so on secondary roads or going in a lower gear, etc.

  62. ugl orange cords by falconwolf · · Score: 1

    If nothing else, the apartment complex will start getting annoyed by the ugly orange cords draped out of everyone's window

    I used to do that, I used to maintain the grounds and I'd have one of those orange cords hanging out of a window, or door, for my electric trimmer/edger.

    Actually as I type this I'll looking out of one of those windows where I see a sidewalk that has not had the snow shoveled off it. I was getting paid for it but after 8 months of not being paid I stopped. So the owners started paying someone else to do it, but he does not do it. I suppose I could file a complaint with the city but hardly anyone else is shoveling this year either.

    Falcon