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To: bentway who wrote (166647)	11/23/2008 9:58:02 PM
From: Lizzie Tudor	Respond to of 306849

Fisker is hiring a ton of people in detroit, plus using GM parts. Maybe thats how they will get around it, I don't know. Fisker Automotive Announces Intent to Source General Motors Components marketwatch.com{405BAF34-4C24-4B14-8BA2-B296F1FEDD70} Theres a whole other group of companies like A123 that I didn't list that are building batteries and other components for these. a123systems.com A123 filed to go public, I guess they are profitable.

To: bentway who wrote (166647)	11/23/2008 10:45:04 PM
From: John Koligman	Read Replies (1) \| Respond to of 306849

Tesla hasn't done much of anything yet, they failed at their recent attempt at raising a couple hundred mil and are being held up by that Paypal guy, Elon Musk, who says he will 'guarantee' car delivery with his 'own' money. You are correct that barriers are high, (look at what GM is spending on the Volt, and even that car is projected to sell for at least 40k, so it's not a mass market item)... You can get more info on the electric car thread... Subject 56774 Regards, John October 31, 2008 8:04 AM PDT Tesla Motors seeks cash to keep moving forward Posted by Martin LaMonica Share High-profile electric car company Tesla Motors has a bit of a money problem, but CEO Elon Musk says he has a plan. In an interview with Reuters on Thursday, Musk said he expects to raise more than $20 million in the next week to bolster its cash reserves and make the company cash-flow positive. The company had been seeking to raise $100 million but failed, Musk told Reuters. "We didn't raise the $100 million but we still need to raise some money to get to cash flow positive," Musk said. "We actually probably only need on the order of $20 million to do that. We're going to raise more than that, but we only need about $20 million." The luxury car upstart, maker of the $109,000 Tesla Roadster sports car, is going through a rough patch. Two weeks ago, Musk replaced the previous CEO and announced that it would have to delay introduction of its second car, the Model S, which will be a luxury all-electric sedan. In an employee meeting, Musk shared the company's finances, which indicated that Tesla has about $9 million in cash. The disclosure of that low cash position for an auto maker apparently prompted one employee to e-mail a variety of blogs and say that Tesla is at risk of not fulfilling orders for the Roadster. Musk, who become wealthy after selling PayPal to eBay, said that he will personally ensure that all Roadsters on order will be delivered. So far, 60 customers have received them, out of more than 1,000 orders. To finance construction of its corporate headquarters and Model S manufacturing plant, Tesla intends to secure government-backed loans worth $200 million. VentureBeat speculated that current investors have grown cautious about putting more money into Tesla and that the company could be a takeover target by Ford.