Tesla Will Lay Off Employees and Delay Sedan Until 2011

[Tax Counsel]

Tesla Says It Will Lay Off Employees and Delay Its All-Electric Sedan Until 2011

http://www.cnbc.com/id/27221946

[siai47]

Re: Tesla Will Lay Off Employees and Delay Sedan Until 2011

After reading the article I began to think about a couple of things . Tesla is closing their Detroit office. Why would they have one there anyway? Chrysler just introduced future plug in hybrids and one pure electric. The electric was based on the Lotus Elise--same as the Tesla. Chrysler is in trouble and may merge with GM (also in trouble) who has their own plug in hybrid (Volt). So was Chrysler going to team up with Tesla and provide capital to increase production until this GM merger threw a wrench into the works? Was Tesla relying on a venture with Chrysler to keep them solvent? Just a guess.

[GX-SV]

A lot has changed at Tesla since 2008. Risk is still there.