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Old 11-21-2008, 12:00 PM   #1
AVANTI R5
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Default Tesla Wants $400 Million Bailout Loan




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Everyone wants a piece of the (bailout) pie; even tiny Tesla Motors. The Associate Press reported that the Silicon Valley-based electric car joined Detroit's Big Three automakers in their bid to get a $25 billion government aid. Tesla was said to have applied for about $400 million in no to low-interest loans to fund two projects, details of which weren't revealed. But unfortunately for Tesla, GM, Ford and Chrysler LLC failed spectacularly to make a convincing case for the $25 billion bailout with the Congress telling them to return in December with a viable turnaround plan - click here for more details.

And while one could somewhat justify bailing out the Big Three to preserve jobs and help the U.S. economy from falling into a deeper recession, what's the big deal if Tesla goes bankrupt? We're talking about a small company that builds one limited production sportscar -the Roadster- and which might make another one in a few years time - the 4-door sedan Model-S. So what?
http://carscoop.blogspot.com/2008/11...lout-loan.html
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Old 11-21-2008, 12:03 PM   #2
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Why not? Free money is free.
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Old 11-21-2008, 12:07 PM   #3
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I am going to incorporate as a bank/auto maker and ask for 10-20 million dollars. I figure why not, maybe they won't even notice such a small sum.

Last edited by fullerton; 11-21-2008 at 12:15 PM.
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Old 11-21-2008, 12:11 PM   #4
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Does Tesla even have half that amount in assets in the first place?
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Old 11-21-2008, 01:06 PM   #5
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please NO, just let Tesla , so tired of hearing about this company as if they are actually doing something groundbreaking/inventive....

or for that matter ANYTHING other than press releases.

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Old 11-21-2008, 01:14 PM   #6
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I want to borrow $10 billion for a hot new theme park in hurricane ravaged New Orleans.

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Old 11-21-2008, 01:29 PM   #7
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I'd rather throw money at Tesla than GM. At least they are trying something.

I've got tons of money to throw around. anyone else want some?
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Old 11-21-2008, 02:50 PM   #8
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monovich-I'd rather throw money at Tesla than GM. At least they are trying something.



Dumb nasioc comment of the day.
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Old 11-21-2008, 02:54 PM   #9
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^^ If you would have just used the "search" you would have found many dumber comments.

Johann @ Girodisc
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Old 11-21-2008, 02:57 PM   #10
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Stupid bailouts, what a dumb idea.
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Old 11-21-2008, 03:18 PM   #11
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Tesla needs to build the cars they've got orders for before they start asking others for handouts.
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Old 11-21-2008, 03:36 PM   #12
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Last I checked, loans needed to be, and intended to be payed back. Why does everyone in the US seem to think the companies want free money?
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Old 11-21-2008, 03:37 PM   #13
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Quote:
Originally Posted by linus011 View Post
Last I checked, loans needed to be, and intended to be payed back. Why does everyone in the US seem to think the companies want free money?
If that were the case we would not be where we are today.
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Old 11-21-2008, 03:39 PM   #14
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Originally Posted by fullerton View Post
If that were the case we would not be where we are today.
You've got a point.
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Old 11-21-2008, 03:56 PM   #15
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I'll take a trip in my private jet and beg for some money too.
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Old 11-21-2008, 04:46 PM   #16
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Quote:
Originally Posted by linus011 View Post
Last I checked, loans needed to be, and intended to be payed back. Why does everyone in the US seem to think the companies want free money?
Except when they all go bankrupt even after the loan. Then it is free money for them. (After all the executives get a big fat raise and bonus of course)
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Old 11-21-2008, 05:16 PM   #17
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Tesla is planning to build a $250M plant in San Jose (South SF Bay Area). The plant would be used to build a sedan electric car (a $60,000 car ...).
The $100,000 Tesla roadster (the only car in the lineup) is being built in England. It would be good if Tesla could start their car manufacturing here in the Bay Area.
You can read about their plant project here: http://www.sfgate.com/cgi-bin/articl...DTL&type=autos
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Old 11-21-2008, 05:50 PM   #18
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Originally Posted by neg_matnik View Post
Tesla is planning to build a $250M plant in San Jose (South SF Bay Area). The plant would be used to build a sedan electric car (a $60,000 car ...).
The $100,000 Tesla roadster (the only car in the lineup) is being built in England. It would be good if Tesla could start their car manufacturing here in the Bay Area.
You can read about their plant project here: http://www.sfgate.com/cgi-bin/articl...DTL&type=autos
big price tags dont do so well in this economy. i say no bailout $$ until they can sell something in the 15 - 30k range.
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Old 11-21-2008, 07:02 PM   #19
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Quote:
Originally Posted by JuggernautTCW View Post
big price tags dont do so well in this economy. i say no bailout $$ until they can sell something in the 15 - 30k range.
I agree. These prices are outrageous. But, at some point, the company should be able to produce affordable electric vehicles. I hope they'll be able to build that San Jose plant with or without any bailout money. Time will tell.
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Old 11-21-2008, 07:33 PM   #20
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Quote:
Originally Posted by JuggernautTCW View Post
big price tags dont do so well in this economy. i say no bailout $$ until they can sell something in the 15 - 30k range.
Their third vehicle is anticipated to be in the $20,000 range.

This is one of the most pejorative, misleading headlines and articles I've seen, well, since the election...

Tesla has asked to participate in the $25B Department of Energy program that is intended to speed the manufacturing of domestically designed and built fuel efficient vehicles via low-interest retooling loans.

This ain't Tesla bandwagoning on the "Big 3 Bailout." Quit your knee-jerking guys...
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Old 11-21-2008, 07:57 PM   #21
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nasioc is all about the knee jerk reaction.
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Old 11-21-2008, 08:49 PM   #22
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Quote:
Originally Posted by JuggernautTCW View Post
big price tags dont do so well in this economy. i say no bailout $$ until they can sell something in the 15 - 30k range.
You would be amazed at how many people drive around in $60K+ vehicles around here.
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Old 11-21-2008, 11:58 PM   #23
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Originally Posted by AVOID92x View Post
I want to borrow $10 billion for a hot new theme park in hurricane ravaged New Orleans.

HAHAHAHAHAHAHAHAHAHAHAHA best thing ive read all day!
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Old 11-22-2008, 12:41 AM   #24
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Quote:
Originally Posted by JuggernautTCW View Post
big price tags dont do so well in this economy. i say no bailout $$ until they can sell something in the 15 - 30k range.
they will sell to the wallstreet jerks that brought this whole mess...

lets get some old fashioned factory jobs back in the U.S. instead of making money moving money, lets actually build something the rest of the world wants. *cough* badass electric sport sedan *cough*
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Old 11-22-2008, 12:21 PM   #25
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It'd be nice if Tesla could actually build all the cars they've sold. Of course this is nothing new for doing business in the valley. By those standards, Tesla should actually be applauded for delivering something beyond the beta.
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