Tesla Motors lands $465M loan with feds to build Palo Alto plant

Mercury News ^ | 1/25/10 | Jason Green

[NormsRevenge]

We are such a generous nation.

[babygene]

What a waste when they don’t have a viable battery...

[agooga]

Fascism Alert.

[Gene Eric]

Something one could buy without a bailout bonus.

[jessduntno]

“We are such a generous nation.”

Well, but a Palo Alto plant makes such good sense...cheap labor, low real estate costs, easy access to the auto supply industry (Gomer Pyle voice) “I could just go on and on...”

[coaltrain]

“The Model S will have a range of up to 300 miles and take about 45 minutes to charge, according to Tesla Motors’ Web site. Prices are expected to start just shy of $50,000.”

This is such a joke. If this was truly a promising and cost effective technology there would be private investors lining up. Tesla will be receiving a bailout in a few years.

[vpintheak]

Wow, and they won’t solve a dang thing! Where is the electricity to power them going to come from? Idiots, these theiving politicians are so generous with our money aren’t they?

[Yo-Yo]

Literally dozens of closed auto plants scattered across this nation, along with trained workforces, and Tesla has to build a new plant in Silicon Valley, one of the highest real estate markets in the nation?

Genius.

[Mobties]

Is that right on the fault line or only a mile or two away?

[wagglebee]

The Model S will have a range of up to 300 miles and take about 45 minutes to charge, according to Tesla Motors' Web site. Prices are expected to start just shy of $50,000.

Not if they build it in California. They will be lucky if they can built them for twice that cost.

[shadeaud]

Just remember Tesla spelled backwards is al set. The greenies may be all set, but they got no place to go.

[Wahoo82]

Another bad move by the federal government.

Let private capital fund this if it is a good idea.

[umgud]

Say Norm, mind if I stop by your place to visit? BTW, do you have a place to plug in my car?

[FastCoyote]

Let me count the ways you can spell B-O-O-N-D-O-G-G-L-E

[BookmanTheJanitor]

The agreement also paves the way for Tesla Motors to build a facility in Southern California...

which will probably be protested/delayed/made more costly by environmentalists.

[Wolfie]

You can’t make that determination yet. If Tesla pays us back, then all is well. Just like the bank bailout.

[NormsRevenge]

just bring a long extension cord.

[COBOL2Java]

[USFRIENDINVICTORIA]

An anagram of Tesla is: least.

[Azzurri]

Of course, all the usual liberal bigwigs are invested in Tesla. I’m pretty sure even Al Gore has a stake, as does the Google owners. Nothing more than a government subsidy for expensive toys for big Democratic Party donors in Silicon Valley.