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May 14, 2007
Tesla, Chrysler amd the Rebirth of Autos
I'm sure I won't be the only to be intrigued by the juxtaposition of Daimler paying Cerberus almost a billion dollars to take Chrysler off its hands today; and last Friday's announcement that Tesla Motors had raised another $45-million. The comparison could hardly be more stark.Some cynics will say that no-one ever learns, and that the auto industry, like airlines and race horses, remains a plaything for the bored and monied. Optimist that I am, I prefer to think about how a new auto industry is already emerging, in fits and starts, from the ashes of the old one.
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Paul,
Interesting to see your mention of Tesla in this post, as at first glance I thought it was a post on the Chrysler/Cerberus deal.
I don't know much about the auto industry, but to me, one of the most exciting things about it in recent years has been the launch of this electric roadster (Tesla), along with the rise of the mass-production Chinese auto industry.
From what I've heard lately, the American debut of some of the Chinese imports has been delayed (as in the case of Chery's scheduled New York appearance in 2007), but the roll-out of Tesla's electric cars seems to be coming along and it's been really interesting to hear about this car and its plans for a mass-produced sedan.
P.S. Lots of info on the Tesla roadster and its costs & energy use over at The Energy Blog.
http://thefraserdomain.typepad.com/energy/