Quote:
Originally Posted by psicodude
We should invest in a car company that only makes $100,000+ cars? How many of those are selling during the recession you think?
I understand what you are saying, but to be honest GM was making the type of cars consumers wanted. SUV's were selling like hotcakes. This demand died almost over night, so I don't think it's really fair to blame GM.
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They are looking for investement to get rolling on their 30k car, and what they've done in a short time has been nothing short of showing that the electric car is not only viable but can be sexy and cool.
This is a very innovative company, look at their investors and you'll also see a number of silicon valley people involved.
All I'm saying is 1 billion or 100 million to a company like this does more than giving 100 billion to the big 3.
Why? Because this is a company built on innovation, its new, doesnt have a century of baggage from union obligations (health care, pensions, etc..) and has a real eye for true innovation and an understanding of what consumers want.
They did the right thing by starting out with a 100k car, because they have shown clearly to all consumers that not only can electric's be practical, they can be sexy and desirable.
Now they are moving towards a lower price model for regular people, including offering solar panel install for home owners.
Thats the big 3 challenges of electrics; #1 distance on charge, #2 costs, and #3 can it inspire people like the gas car's of the last 100yrs.
You can't put a dent into the gas car until you can make cool, well priced electrics that can travel long distances with a quick recharge time.
Tesla is doing that, and I hope other big car manufacturers are taking notes from this innovative little company.