See how Tesla alienates me is by asking the feds for $400,000,000.
See they say they will have built 600 units by years end (doubt it but lets go with that for a moment). At 600 units, that means for each car they build they are asking for $666,666.67 in federal aid. 6 times the MSRP of each of those units.
To compare, GM is asking for 10,000,000,000 to get them out of trouble (based on the most recent package). From January through November this year, GM has SOLD 2,758,705 units. That means they are asking for $362.49 per unit sold in North America.
No by no means am I necessarily in favor of any bailout (Im torn because I see both sides) but how the heck do you legitimately ask for over $650,000 in federal aid for EACH car you have BUILT in 2008?
Interesting take. Never thought of it that way when I've seen articles like this Editorial: Should auto loans subsidize California jet set? | detnews.com | The Detroit News
about subsidizing the California Jet Set. (which I know isn't what the original $15 billion was set aside for but if it's going for $110K+ electric sports cars and not affordable commuter vehicles its essentially what it boils down to)
They just did a press release for car #100, so at the current output car #600 is a long way off. Excellent timing for that milestone right before "can we please have $400 million" talks. Even if long term they don't make it, it's pretty cool they did get 100 of them on the roads. I think current production is stated at 15 per week? We have 2 weeks left (with holidays in there too) so lets say they get out even 145 cars by the end of the year. That works out to $2,758,621 per car. I think thats more than Bugatti Veyron money.
But maybe some of that 400M is to build their plant, to produce the model S. Which I still don't understand the accounting on that, or the price estimates to build a car when there is no plant or staff to build it. I've seen articles saying a working model S would be unveiled by the end of the month though and production could be in Feb. with 1000+ units next year. Seems ambitious for not having a place to produce them. Maybe they'll use Lotus again, that would certainly be awesome for them.
It does seem they've been getting a lot of news over the past few months, much of it not seeming to make a lot of sense.
Saw this one too on the model S, the new plant, and government money. Who really knows what's going on over there. It is interesting though.
DailyTech - Tesla Motors Seeks $350M from DOE for Development, New Facility
But now I'm getting off topic. Some of this should be in the other thread.