Thursday, May 20, 2010

Green Day in Fremont

PHOTO: Special to The Citizen
Gov. Arnold Schwarzenegger, Toyota President Akio Toyoda, and Tesla Motors CEO Elon Musk at a press conference announcing a partnership between the two companies to build electric automobiles at the former Nummi auto plant in Fremont. Toyota plans to invest $50 million into the Palo Alto-based company. "Toyota is a company founded on innovation, quality, and commitment to sustainable mobility," said Musk. "It is an honor and a powerful endorsement of our technology that Toyota would choose to invest in and partner with Tesla.” Production of the Tesla Model S electric sedan could begin next year. The Nummi plant can manufacture 400,000 cars annually, but Tesla says only one-fourth of that number will produced leaving the possibility the Nummi site could still be developed for housing and retail or the future home of the Oakland Athletics.

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  1. So we have the Federal Government pouring a couple hundred million into Tesla and a couple hundred million more into Solyndra. This is insanity. Neither of the companies hIave any track record yet the Marxist Obama is pissing borrowed money down a rat hole!

    In the real world a company creates a product, sells it, gets a track record, creates a profit, puts the profit back into the company and the company expands. But under the Marxist Obama and Stark the government blows close to $1 BILLION on two companies that haven't sold squat. WTF?

  2. The Elon Musk has one hell of weird ass look on his face. What is he thinking?