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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.'"
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."
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."