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[bentoronto]

Looks like Tesla is getting lotsa cash for projects into the future. They are the folks with the hot sports car and now working on a more down to earth sedan. I'm always interested in Tesla because their car concepts are close to the way I'd look at bikes - more and hotter performance.

http://www.technologyreview.com/blog/energy/25392/?nlid=3185

[picasso]

450 is a loan, 50 mil for TOY was to buy public stock at ipo. so take that out of the 230 mil it got in ipo. It spent 200 mil just on the roadster. burn rate is going way way up now, and add 50 mil for PART of the TOY factory. I see the stock at sub $15 in 6 months as costs add up fast.