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Should Tesla Motors Receive a Federal Bailout?

 
1,099 views Nov 30, 2008

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Tesla motors is requesting a $400 million share of the $25 Billion federal bailout of the car industry that was approved in last year's Congress.  The New York Times has a story that equates a Tesla bailout to authoring the "2008 Bailout of Very, Very High-Net-Worth Individuals Who Invested in Tesla Motors Act."  The generally scathing article makes the business point that battery technology is not at a price point where an all-electric vehicle is commercially viable, and at the current rate of development the technology could be 8 to 10 years away.

The article points to plug-in hybrid and EREV technology in development from major car manufacturers as the commercially viable option in the near term because the battery packs will only need to meet a 40-mile electric range instead of a 220-mile one.





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Comment (1)

  1. By  Bradly Fletchall Posted: 12/2/2008 4:18pm PST

    I think they should get a piece of the pie. Just because they are not of the "big 3" doesn't mean they aren't a viable company.
    Fresh ideas and new insight are whats needed in my opinion. An outside company like Tesla can change everything.
     
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