Well Elon was slick enough to pull this stunt where it would get buried in the news by Obama stuff. The GQ article on him comparing himself to Superman, and a 6 year old oracal in the trees making prophecy to his siblings is about enough to make you hurl. I wonder if the Detroit office views him as the same visionary? Getting fired by a blog posting was pretty far ahead of its time. What did they have- 4 or 5 CEO's before they ever got a car on the ground? If they are going to stand a chance of making it, it's time for one more.
I figure at some point he bails and walks out holding a couple hundred million, like with paypal. He does a lot better job of giving a "build a company to a point and cash out" impression than he does "Mr nice guy out to save the world" Reminds me a lot of villain in the most recent Bond flick. A businessman a lot more than a hippy. The image of green is the new easy money (well until this economy) no matter what the reality is.
What happened to all that talk that he had sufficient capital to back the company if need be a while back?
From this article: Tesla Shafts Customers By Raising Pre-Order Price - News and Analysis by PC Magazine
"The biggest change is that the "high-power connector," which recharges the car's lithium-ion battery in as little as three hours, is no longer included. Now Tesla wants an extra $3,000 for it. Without the high-power connector, it takes up to 37 hours to charge the car."
The price of 11 of the 13 colors shot up too so if you plan on getting the same car for the same price you agreed to pay and loaned them your money for the past couple years- well not so fast there Mr. Green Jeans. Hope you like it stripped of all the options, crappy wheels substituted, and a different color.
"That's ill-advised," said Eric Noble, president of the auto-industry consulting firm The Car Lab, in the article. "Your first buyers are your emissaries. Treat them wrong and all the advertising in the world won't cure it. It's just bad marketing." Aaron Bragman, an IHS Global Insight analyst, said in the report that hitting customers up for more money after they've put down deposits is highly unusual. "They're probably a lot closer to the edge than they want you to think."
From this article:
Tesla Snubs Customers for A Couple Million Dollars on Delayed Roadsters Earth2Tech
From the numbers posted by Roadster owners (and would-be owners), it looks like the price hikes will bring in only a few million dollars for a company that claims to need $200 million in loans to produce a long-promised sedan priced for the mass market — the supposed key to Tesla’s profitability. If the 400 affected customers fork over at least $6,700 to get all of the previously standard options (not at all guaranteed, since they can skip the special features), it will bring in only about $2.7 million in additional revenue. Not exactly a needle-mover. Would that give you the confidence to invest?
I think Tesla’s latest move shows — they are a company long on ideas, but short on execution or even developing a proper plan. The company just has poor management and perhaps near-average business skills. don’t believe the hype on this one!
Tesla was told by the US Govt. that they have such a bad business that they are not going to get funded. Tesla is just doing this as a last ditch attempt to get the federal loan before they go out of business. There are no “other investors”, they have asked everybody from Dubai to Sand Hill Road and everybody has turned them down because they screwed up their decisions so bad already. Musk has the money and Musk screwed the whole thing up. His staff should revolt and demand that he put the rest of his cash in the company.
The nail in Tesla’s coffin is the fact that the battery pack puts out enough EMF radiation to give you plenty of cancer. Their pack is equal to strapping a bag of cell phones to your head. This was a known problem with the GM EV1 and they fired the engineers that complained about it.